Description

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

Summary

BSE has announced the listing and admission for trading of further securities issued by 13 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS). These new shares will be listed and available for trading on the Exchange effective from Wednesday, November 26, 2025. All listed shares have no lock-in period restrictions.

Key Points

  • 13 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Total new shares being listed: 1,638,379 shares across all companies
  • Effective trading date: November 26, 2025
  • None of the newly listed shares are subject to lock-in restrictions
  • Largest issuance: Yes Bank Ltd with 553,703 shares (Face Value: ₹2)
  • Companies span multiple sectors including banking, financial services, FMCG, real estate, and technology

Listed Companies Details

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

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Standard trading rules and regulations apply to these newly listed shares
  • No special compliance requirements beyond normal equity trading protocols

Important Dates

  • Notice Date: November 25, 2025
  • Effective Trading Date: November 26, 2025
  • Lock-in Expiry: Not applicable (NA) - no lock-in period for any of the listed securities

Impact Assessment

Market Impact: Minimal. The issuance represents routine ESOP/ESOS conversions typical for listed companies as part of employee compensation programs.

Liquidity Impact: Negligible increase in floating stock for most companies given the relatively small number of shares being added compared to existing market capitalization.

Dilution Impact: Minor dilution for existing shareholders. For example:

  • Yes Bank: 553,703 shares added to existing base of 31+ billion shares (~0.002% dilution)
  • ICICI Bank: 24,743 shares added to existing base of 7+ billion shares (negligible)

Investor Consideration: These shares are immediately tradable without lock-in restrictions, allowing employees to liquidate positions if desired. However, the volume is unlikely to cause significant price pressure for large-cap stocks.

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in period. Represents small dilution relative to total outstanding shares for most companies. Standard operational update with minimal market impact.