Description

BSE announces listing of equity shares issued under ESOP/ESOS schemes by 12 companies including SBFC Finance, Suzlon Energy, and others, effective November 18, 2025.

Summary

BSE has announced the listing of equity shares issued by 12 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS). The new securities will be admitted for trading on the Exchange with effect from Tuesday, November 18, 2025. The circular covers a total of 4,679,224 shares across various companies, with no lock-in period applicable to any of the listed securities.

Key Points

  • 12 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Total shares being listed: 4,679,224 shares
  • Effective date for trading: November 18, 2025
  • No lock-in period applies to any of the securities
  • Largest issuance: SBFC Finance Limited with 2,651,417 shares (face value ₹10)
  • Second largest: Suzlon Energy Ltd with 1,925,750 shares (face value ₹2)
  • Third largest: Sequent Scientific Limited with 1,186,700 shares (face value ₹2)

Companies and Share Details

  1. CreditAccess Grameen Ltd (INE741K01010) - 41,537 shares, FV ₹10
  2. EPL Limited (INE255A01020) - 24,600 shares, FV ₹2
  3. Go Digit General Insurance Limited (INE03JT01014) - 18,041 shares, FV ₹10
  4. Nippon Life India Asset Management Limited (INE298J01013) - 57,654 shares, FV ₹10
  5. Onesource Specialty Pharma Limited (INE013P01021) - 36,920 shares, FV ₹1
  6. Quick Heal Technologies Limited (INE306L01010) - 32,205 shares, FV ₹10
  7. Sai Life Sciences Limited (INE570L01029) - 249,969 shares, FV ₹1
  8. SBFC Finance Limited (INE423Y01016) - 2,651,417 shares, FV ₹10
  9. Sequent Scientific Limited (INE807F01027) - 1,186,700 shares, FV ₹2
  10. Suzlon Energy Ltd (INE040H01021) - 1,925,750 shares, FV ₹2
  11. Tracxn Technologies Limited (INE0HMF01019) - 61,871 shares, FV ₹1
  12. Tube Investments of India Ltd (INE974X01010) - 10,960 shares, FV ₹1

Regulatory Changes

No regulatory changes are introduced in this circular. This is a standard listing notification for securities issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • The listed companies have completed their ESOP/ESOS allotment procedures as per regulatory requirements
  • No additional compliance actions required from market participants

Important Dates

  • Notice Date: November 17, 2025
  • Effective Trading Date: November 18, 2025
  • Lock-in Period: Not Applicable (NA) for all securities

Impact Assessment

Market Impact: Minimal. The listing represents routine employee stock option exercises across multiple companies. The total dilution for each company is relatively small compared to their existing share capital.

Liquidity Impact: Negligible immediate impact as ESOP shares are typically held by employees and not immediately traded in large volumes.

Company-Specific Impact:

  • SBFC Finance shows the largest absolute number of shares (2.65 million), which may represent a more significant percentage dilution depending on their total outstanding shares
  • Suzlon Energy’s 1.92 million shares represent a small fraction given its large existing share base
  • Other companies show minimal dilution ranging from 10,960 to 249,969 shares

Investor Consideration: No lock-in period means shares are immediately tradeable, though typical employee holding patterns suggest gradual market entry rather than immediate sales.

Impact Justification

Routine listing of shares issued under employee stock option schemes. Limited market impact as these are small dilutions spread across multiple companies with no lock-in restrictions.