Description

BSE announces listing and admission for trading of additional securities issued by 12 companies under ESOP/ESOS schemes, effective December 2, 2025.

Summary

BSE has announced the listing and admission for trading of further securities issued by 12 companies under Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will be available for trading with effect from Tuesday, December 2, 2025. None of the newly listed shares are under lock-in period.

Key Points

  • 12 companies are listing additional equity shares through ESOP/ESOS conversion
  • Total of 6,521,273 new shares across all companies
  • All securities have no lock-in restrictions (marked as NA)
  • Trading commences December 2, 2025
  • Major banks included: HDFC Bank (2.73M shares), AXIS Bank (161,807 shares), DCB Bank (497,170 shares)
  • Financial services firms: Aditya Birla Capital (1.27M shares), Motilal Oswal (272,379 shares), JM Financial (119,783 shares), PB Fintech (611,713 shares)
  • Other sectors: Ather Energy (769,375 shares), AXISCADES Technologies (800 shares), Entero Healthcare (2,030 shares), Ram Ratna Wires (48,000 shares), Vimta Labs (94,369 shares)

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed of the new securities for trading purposes
  • Companies have completed listing formalities with BSE
  • ISIN codes and scrip codes provided for trading system integration

Important Dates

  • Notice Date: December 1, 2025
  • Trading Commencement Date: December 2, 2025
  • Lock-in Period: Not applicable for any of the listed securities

Impact Assessment

Market Impact: Minimal. The listing represents routine ESOP/ESOS conversions resulting in minor equity dilution across the companies. HDFC Bank has the largest addition at 2.73 million shares, which is negligible compared to its outstanding share base of over 16.5 billion shares.

Liquidity Impact: Positive but marginal increase in floating stock for trading. No lock-in restrictions means immediate availability for trading.

Investor Impact: No immediate impact on existing shareholders. The share issuance under ESOP/ESOS is a standard corporate practice for employee compensation and has been accounted for in companies’ equity structures.

Impact Justification

Routine listing of employee stock option plan securities with no lock-in period. Minor dilution across 12 companies with no market restrictions.