Description
Notification of listing and trading commencement for shares issued under employee stock option schemes by 13 companies, effective December 1, 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 shares will commence trading on the exchange from Monday, December 1, 2025. The shares are not subject to any lock-in period.
Key Points
- 13 companies issuing additional shares through ESOP/ESOS schemes
- Total shares being listed: 2,860,728 shares across all companies
- Effective trading date: December 1, 2025
- No lock-in period applicable for any of the listed securities
- Notable issuances include Hexaware Technologies (2,000,000 shares) and RBL Bank (2,870,117 shares)
- Companies span various sectors including banking, insurance, technology, and pharmaceuticals
Companies and Share Details
| Company | Scrip Code | Shares | Face Value |
|---|---|---|---|
| AAVAS Financiers Limited | 541988 | 12,699 | ₹10 |
| AU Small Finance Bank Limited | 540611 | 311,349 | ₹10 |
| CARE Ratings Limited | 534804 | 6,283 | ₹10 |
| Chemfab Alkalies Ltd | 506894 | 4,000 | ₹10 |
| Hexaware Technologies Limited | 544362 | 2,000,000 | ₹1 |
| IDEAFORGE Technology Limited | 543932 | 952 | ₹10 |
| Infosys Ltd | 500209 | 223,060 | ₹5 |
| J.B. Chemicals & Pharmaceuticals Ltd | 506943 | 21,056 | ₹1 |
| Prime Focus Limited | 532748 | 97,000 | ₹1 |
| RBL Bank Limited | 540065 | 2,870,117 | ₹10 |
| SBI Life Insurance Company Limited | 540719 | 137,191 | ₹10 |
| SIS Limited | 540673 | 22,023 | ₹5 |
| UTI Asset Management Company Limited | 543238 | 19,000 | ₹10 |
Regulatory Changes
No regulatory changes introduced. This is a standard procedural notification for ESOP/ESOS share listings.
Compliance Requirements
- Trading members are informed to update their systems for the new shares
- Companies have completed allotment procedures as per SEBI ESOP guidelines
- No additional compliance requirements for investors or trading members
Important Dates
- Notice Date: November 28, 2025
- Trading Commencement Date: December 1, 2025 (Monday)
- Lock-in Expiry: Not applicable (NA) - shares are freely tradable from listing date
Impact Assessment
Market Impact: Low. The issuance of ESOP/ESOS shares represents routine employee compensation activity and typically has minimal impact on stock prices or trading volumes. The quantities being listed are relatively small compared to the existing share capital of these companies.
Liquidity Impact: Negligible increase in floating stock for most companies, with the exception of larger issuances by Hexaware Technologies and RBL Bank.
Investor Consideration: ESOP/ESOS shares being listed without lock-in indicates these are fully vested options being exercised by employees, which is a normal corporate practice and does not signal any material change in company fundamentals.
Impact Justification
Routine ESOP/ESOS share listing affecting small quantities relative to total shares outstanding. No lock-in restrictions. Minimal market impact expected.