Description

BSE announces listing and trading commencement of additional shares issued under ESOP/ESOS schemes by 13 companies including ICICI Bank, Federal Bank, and Aditya Birla Capital, effective November 21, 2025.

Summary

BSE has announced the listing and admission for trading of additional securities issued by 13 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The shares will be available for trading from Friday, November 21, 2025. The circular covers a total of 2,030,465 new shares across various face values, with no lock-in period applicable to any of the securities.

Key Points

  • Effective Date: Trading commences November 21, 2025
  • Total Companies: 13 companies across various sectors
  • Total Shares Listed: 2,030,465 shares
  • Lock-in Period: None (NA for all securities)
  • Largest Issuances:
    • Aditya Birla Capital Ltd: 738,680 shares (Face Value ₹10)
    • ICICI Bank Ltd: 572,490 shares (Face Value ₹2)
    • Syrma SGS Technology Limited: 366,322 shares (Face Value ₹10)
    • Max Healthcare Institute Limited: 216,084 shares (Face Value ₹10)
    • Federal Bank Ltd: 199,166 shares (Face Value ₹2)

Companies and Share Details

  1. ABANS FINANCIAL SERVICES LIMITED (543712): 39,167 shares, FV ₹2
  2. Aditya Birla Capital Ltd (540691): 738,680 shares, FV ₹10
  3. Amber Enterprises India Limited (540902): 23,100 shares, FV ₹10
  4. Centum Electronics Ltd (517544): 28,998 shares, FV ₹10
  5. Federal Bank Ltd (500469): 199,166 shares, FV ₹2
  6. ICICI Bank Ltd (532174): 572,490 shares, FV ₹2
  7. India Shelter Finance Corporation Limited (544044): 112,768 shares, FV ₹5
  8. J.B. Chemicals & Pharmaceuticals Ltd (506943): 31,161 shares, FV ₹1
  9. Max Healthcare Institute Limited (543220): 216,084 shares, FV ₹10
  10. Metro Brands Limited (543426): 49,061 shares, FV ₹5
  11. R R KABEL LIMITED (543981): 1,484 shares, FV ₹5
  12. Shriram Finance Limited (511218): 171,984 shares, FV ₹2
  13. Syrma SGS Technology Limited (543573): 366,322 shares, FV ₹10

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for shares issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Trading Members: Informed to enable trading of the newly listed securities from November 21, 2025
  • Issuers: Companies have completed the listing formalities for shares allotted under their respective ESOP/ESOS schemes
  • No additional compliance obligations beyond standard listing procedures

Important Dates

  • Notice Date: November 20, 2025
  • Trading Commencement Date: November 21, 2025
  • Lock-in Expiry: Not applicable (no lock-in period)

Impact Assessment

Market Impact: Minimal. ESOP/ESOS issuances are routine corporate actions representing employee compensation. The quantities being listed are relatively small compared to the outstanding share capital of these companies.

Liquidity Impact: Negligible immediate impact on stock liquidity. These shares typically remain with employees and may not immediately enter trading circulation.

Dilution Impact: Minor dilution for existing shareholders, as ESOP issuances are generally factored into fully diluted share calculations.

Sector Coverage: Diverse sectors represented including banking (ICICI Bank, Federal Bank), healthcare (Max Healthcare), technology (Syrma SGS), finance (Aditya Birla Capital, Shriram Finance, India Shelter), pharmaceuticals (J.B. Chemicals), and others.

Impact Justification

Routine ESOP/ESOS share listing with relatively small quantities compared to outstanding shares. No lock-in restrictions. Minimal market impact expected as these are employee compensation-related issuances.