Description

BSE lists additional equity shares issued by 9 companies under their Employee Stock Option Plans (ESOP/ESOS) for trading effective December 10, 2025.

Summary

BSE has announced the listing and admission for trading of further equity shares issued by 9 companies under their Employee Stock Option Plans (ESOP/ESOS). These securities will be available for trading with effect from Wednesday, December 10, 2025. None of the shares are subject to lock-in restrictions.

Key Points

  • 9 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Total of 2,999,727 new shares across all companies
  • All shares are freely tradable with no lock-in period (NA for all)
  • Largest issuance: IDFC FIRST Bank Limited with 1,229,793 shares (face value ₹10)
  • Smallest issuance: NIIT Learning Systems Limited with 8,658 shares (face value ₹2)
  • Companies span financial services, banking, healthcare, and other sectors

Companies and Share Details

  1. Aadhar Housing Finance Limited (544176): 244,888 shares, FV ₹10
  2. City Union Bank Ltd (532210): 1,049,475 shares, FV ₹1
  3. CreditAccess Grameen Ltd (541770): 31,449 shares, FV ₹10
  4. Emkay Global Financial Services Ltd (532737): 26,789 shares, FV ₹10
  5. IDFC FIRST Bank Limited (539437): 1,229,793 shares, FV ₹10
  6. India Shelter Finance Corporation Limited (544044): 76,836 shares, FV ₹5
  7. Max Healthcare Institute Limited (543220): 316,839 shares, FV ₹10
  8. NIIT Learning Systems Limited (543952): 8,658 shares, FV ₹2
  9. Valiant Organics Limited (540145): 15,000 shares, FV ₹10

Regulatory Changes

No regulatory changes. This is a standard listing notification for securities already issued under approved ESOP/ESOS schemes.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • No additional compliance requirements for market participants
  • Companies have completed their ESOP/ESOS issuance and listing formalities

Important Dates

  • Notice Date: December 9, 2025
  • Trading Commencement: December 10, 2025 (Wednesday)
  • Lock-in Period: None (NA for all securities)

Impact Assessment

Market Impact: Minimal. ESOP issuances are routine administrative matters representing employee compensation. The share quantities are relatively small and will have negligible impact on stock prices or trading volumes.

Liquidity Impact: Marginal increase in floating stock for these companies. Shares may be sold immediately as there are no lock-in restrictions, but employee shareholders typically hold for longer periods.

Sector Distribution: Financial services sector dominates with 5 of 9 companies (Aadhar Housing, City Union Bank, CreditAccess Grameen, Emkay Global, IDFC FIRST Bank, India Shelter), indicating active employee incentivization in this sector.

Impact Justification

Routine administrative listing of ESOP shares with no lock-in restrictions. Total shares relatively small compared to existing base for most companies. Standard operational activity with minimal market impact.