Description

BSE announces listing and admission for trading of further securities issued under ESOP/ESOS by 13 companies including AAVAS Financiers, AU Small Finance Bank, Hexaware Technologies, Infosys and others, 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 Plans (ESOP) and Employee Stock Option Schemes (ESOS). The new shares will commence trading on the Exchange with effect from Monday, December 1, 2025. All listed shares have no lock-in period.

Key Points

  • 13 companies listing further securities under ESOP/ESOS schemes
  • Total shares being listed: 3,067,728 shares across all companies
  • Largest issuance: Hexaware Technologies Limited with 2,000,000 shares (face value ₹1)
  • Second largest: RBL Bank Limited with 2,870,117 shares (face value ₹10)
  • Third largest: AU Small Finance Bank Limited with 311,349 shares (face value ₹10)
  • Infosys listing 223,060 shares (face value ₹5)
  • None of the shares are under lock-in period
  • Notice number: 20251128-15

Regulatory Changes

No regulatory changes announced. This is a routine listing notification.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Companies must comply with standard listing requirements for ESOP/ESOS shares
  • Distribution numbers assigned for tracking purposes

Important Dates

  • Notice Date: November 28, 2025
  • Trading Commencement Date: Monday, December 1, 2025
  • Lock-in Expiry: Not applicable (NA) - no lock-in period for any shares

Impact Assessment

Market Impact: Low - This is a routine listing of employee stock options that were already part of disclosed compensation schemes. The dilution impact would have been factored into market expectations when the ESOP/ESOS schemes were announced.

Liquidity Impact: Minimal increase in tradable float across 13 companies. Hexaware Technologies sees the largest absolute increase with 2 million shares, while other companies have relatively smaller additions.

Investor Impact: Existing shareholders may experience minor dilution, but this is standard practice for companies with employee stock option programs. The lack of lock-in period means shares are immediately available for trading.

Company-Specific Impact:

  • Financial sector companies (AAVAS, AU Small Finance Bank, RBL Bank, SBI Life, UTI AMC) represent significant portion of listings
  • Technology companies (Hexaware, Infosys, Prime Focus) also feature prominently
  • Face values range from ₹1 to ₹10 depending on company

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in period; minimal market impact as shares represent dilution already accounted for in company disclosures