Description

BSE announces listing and admission to trading of further securities issued under ESOP/ESOS by 13 companies, effective November 26, 2025.

Summary

BSE has listed further securities issued by 13 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These new equity shares will be admitted for trading on the Exchange with effect from Wednesday, November 26, 2025. The shares are not subject to any lock-in period.

Key Points

  • 13 companies have issued additional shares under ESOP/ESOS schemes
  • Total shares listed: 1,638,379 shares across all companies
  • Effective date for trading: November 26, 2025
  • All shares are free from lock-in restrictions (lock-in period: NA)
  • Face values range from ₹1 to ₹10 depending on the company

Companies and Share Details

  1. Aadhar Housing Finance Limited (544176): 449,499 shares, FV ₹10
  2. Aether Industries Limited (543534): 22,577 shares, FV ₹10
  3. B.N.Rathi Securities Ltd. (523019): 250,000 shares, FV ₹5
  4. Edelweiss Financial Services Ltd. (532922): 15,338 shares, FV ₹1
  5. Fedbank Financial Services Limited (544027): 45,563 shares, FV ₹10
  6. Godrej Consumer Products Ltd. (532424): 141,977 shares, FV ₹1
  7. ICICI Bank Ltd. (532174): 24,743 shares, FV ₹2
  8. Lodha Developers Limited (543287): 30,179 shares, FV ₹10
  9. Marico Limited (531642): 54,074 shares, FV ₹1
  10. NIIT Learning Systems Limited (543952): 11,000 shares, FV ₹2
  11. Sula Vineyards Limited (543711): 17,200 shares, FV ₹2
  12. TD Power Systems Ltd (533553): 22,526 shares, FV ₹2
  13. Yes Bank Ltd. (532648): 553,703 shares, FV ₹2

Regulatory Changes

No regulatory changes. This is a routine listing notification under existing ESOP/ESOS framework.

Compliance Requirements

  • Trading members are informed about the listing of these securities
  • Companies have completed their obligations for ESOP/ESOS allotment and listing
  • No lock-in restrictions apply to these shares

Important Dates

  • Notice Date: November 25, 2025
  • Effective Trading Date: November 26, 2025
  • Lock-in Expiry: Not applicable (no lock-in period)

Impact Assessment

Market Impact: Minimal. The total number of shares being listed represents small dilution percentages for each company. Yes Bank has the highest absolute number (553,703 shares) but this is negligible compared to its total outstanding shares.

Liquidity Impact: Negligible increase in float for each stock. These shares can be freely traded from November 26, 2025.

Investor Impact: Existing shareholders may experience minimal dilution. ESOP shares indicate employee retention and incentive programs, which can be viewed positively as corporate governance practice.

Trading Impact: No special trading restrictions or conditions apply to these newly listed securities.

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in period. Represents small dilution across multiple companies with no immediate market impact.