Description
BSE announces the listing of further securities issued under ESOP/ESOS by 9 companies effective December 10, 2025, with total issuance of 2,999,727 shares across various entities.
Summary
BSE has announced the listing and admission for trading of further securities issued by 9 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS). These securities will be listed and admitted for trading on the Exchange with effect from Wednesday, December 10, 2025. The total number of shares being listed is 2,999,727 across all companies, with no lock-in period applicable to any of the securities.
Key Points
- 9 companies are listing further securities under ESOP/ESOS schemes
- Total shares being listed: 2,999,727
- Trading commencement date: December 10, 2025
- No lock-in period applicable to any of the listed securities
- Companies span across banking, financial services, healthcare, and specialty chemicals sectors
- Largest issuance: IDFC First Bank Limited with 1,229,793 shares (Face Value: ₹10)
- Second largest: City Union Bank Ltd with 1,049,475 shares (Face Value: ₹1)
- All securities have been assigned unique ISIN numbers and distribution number ranges
Company-wise Details
Financial Services Sector
Aadhar Housing Finance Limited (INE883F01010, Scrip: 544176)
- Shares: 244,888 | Face Value: ₹10
- Distribution Nos: 433542232 to 433787119
CreditAccess Grameen Ltd (INE741K01010, Scrip: 541770)
- Shares: 31,449 | Face Value: ₹10
- Distribution Nos: 159981633 to 160013081
Emkay Global Financial Services Ltd (INE296H01011, Scrip: 532737)
- Shares: 26,789 | Face Value: ₹10
- Distribution Nos: 25605675 to 25632463
India Shelter Finance Corporation Limited (INE922K01024, Scrip: 544044)
- Shares: 76,836 | Face Value: ₹5
- Distribution Nos: 108520181 to 108597016
Banking Sector
City Union Bank Ltd (INE491A01021, Scrip: 532210)
- Shares: 1,049,475 | Face Value: ₹1
- Distribution Nos: 741048843 to 742098317
IDFC FIRST BANK LIMITED (INE092T01019, Scrip: 539437)
- Shares: 1,229,793 | Face Value: ₹10
- Distribution Nos: 11239529724 to 11240759516
Healthcare Sector
- Max Healthcare Institute Limited (INE027H01010, Scrip: 543220)
- Shares: 316,839 | Face Value: ₹10
- Distribution Nos: 972452516 to 972769354
Education/IT Services
- NIIT Learning Systems Limited (INE342G01023, Scrip: 543952)
- Shares: 8,658 | Face Value: ₹2
- Distribution Nos: 137126782 to 137135439
Specialty Chemicals
- Valiant Organics Limited (INE565V01010, Scrip: 540145)
- Shares: 15,000 | Face Value: ₹10
- Distribution Nos: 28442611 to 28457610
Regulatory Changes
No regulatory changes are introduced in this circular. This is a routine notification for listing of securities issued under existing ESOP/ESOS frameworks as per SEBI regulations.
Compliance Requirements
- Trading members of BSE are informed to take note of the new securities listing
- The securities will be available for trading from December 10, 2025
- No special compliance requirements or restrictions applicable
- No lock-in period restrictions on any of the listed securities
Important Dates
- Notice Date: December 9, 2025
- Effective Trading Date: Wednesday, December 10, 2025
- Lock-in Period: Not Applicable (NA) for all securities
Impact Assessment
Market Impact: Low - This is a routine administrative listing of ESOP/ESOS shares that represents incremental dilution from employee stock option exercises. The total volume across all 9 companies is relatively small and unlikely to create significant market pressure.
Shareholder Impact: Minimal - The shares represent employee compensation and are standard corporate actions. No lock-in restrictions mean shares can be traded immediately, though typical ESOP exercises often see gradual selling rather than immediate liquidation.
Liquidity Impact: Negligible - The additional shares add marginally to the free float of each company but represent small percentages of total outstanding shares, particularly for larger entities like IDFC First Bank and City Union Bank.
Operational Impact: None - This is purely an informational notice for trading members with no operational changes required.
Impact Justification
Routine listing of ESOP/ESOS shares with minimal market impact; shares represent small percentages of total outstanding shares with no lock-in restrictions