Description

BSE notifies the listing and admission for trading of additional securities issued under ESOP/ESOS schemes by 8 companies including Axis Bank, Dixon Technologies, HDFC AMC, ITC Hotels, KFin Technologies, Polycab India, R Systems International, and Restaurant Brands Asia, effective November 24, 2025.

Summary

BSE has announced the listing and admission for trading of further securities issued by eight companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The new shares will be available for trading with effect from Monday, November 24, 2025. All listed securities have no lock-in period restrictions.

Key Points

  • 8 companies listing additional securities under ESOP/ESOS schemes
  • Total of 391,429 shares being listed across all companies
  • Axis Bank listing the highest quantity: 164,286 shares (face value ₹2)
  • Dixon Technologies listing 125,120 shares (face value ₹2)
  • All securities have no lock-in restrictions (NA for lock-in period)
  • Trading members informed through Notice No. 20251121-52

Companies and Share Details

  1. Axis Bank Ltd (532215): 164,286 shares, Face Value ₹2
  2. Dixon Technologies (India) Limited (540699): 125,120 shares, Face Value ₹2
  3. HDFC Asset Management Company Limited (541729): 7,531 shares, Face Value ₹5
  4. ITC Hotels Limited (544325): 22,930 shares, Face Value ₹1
  5. KFin Technologies Limited (543720): 16,492 shares, Face Value ₹10
  6. Polycab India Limited (542652): 200 shares, Face Value ₹10
  7. R Systems International Limited (532735): 6,539 shares, Face Value ₹1
  8. Restaurant Brands Asia Limited (543248): 48,331 shares, Face Value ₹10

Regulatory Changes

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

Compliance Requirements

  • Trading members should update their systems to reflect the increased share capital of the listed companies
  • No specific compliance actions required from market participants
  • Companies have completed all necessary listing formalities

Important Dates

  • Notice Date: November 21, 2025
  • Trading Commencement Date: Monday, November 24, 2025
  • Lock-in Period: Not applicable (NA) for all listed securities

Impact Assessment

Market Impact: Minimal. The number of shares being listed represents routine ESOP/ESOS exercises and is relatively small compared to the total outstanding shares of these large-cap and mid-cap companies.

Liquidity Impact: Negligible increase in float for all companies. The largest addition is 164,286 shares for Axis Bank, which represents a fraction of its total outstanding shares.

Investor Impact: No immediate impact on existing shareholders. These are routine corporate actions related to employee compensation schemes.

Trading Impact: No lock-in restrictions mean these shares are immediately available for trading, but given the small quantities, no significant volatility is expected.

Impact Justification

Routine listing of ESOP/ESOS shares with minimal market impact. The quantities are relatively small compared to total outstanding shares and no lock-in restrictions apply.