Description
BSE announces listing of equity shares issued under ESOP/ESOS schemes by 14 companies, effective December 18, 2025, including major companies like ICICI Lombard, IDFC First Bank, and Polycab India.
Summary
BSE has announced the listing and admission for trading of additional equity shares issued by 14 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The newly issued securities will be available for trading effective December 18, 2025. The listing covers a total of 2,995,225 shares across various companies with face values ranging from Re 1 to Rs 10, with no lock-in period applicable to any of the securities.
Key Points
- 14 companies are listing additional shares issued under ESOP/ESOS schemes
- Effective date for trading: December 18, 2025 (Thursday)
- Total shares being listed: 2,995,225 shares approximately
- No lock-in period applicable on any of the listed securities
- Largest issuance: IDFC First Bank Limited with 571,443 shares
- Smallest issuance: Polycab India Limited with 150 shares
- All securities are equity shares with face values of Re 1, Rs 2, or Rs 10
Companies and Share Details
| Company Name | Scrip Code | Shares Listed | Face Value (Rs) |
|---|---|---|---|
| Borosil Renewables Limited | 502219 | 5,412 | 1 |
| CG Power and Industrial Solutions Limited | 500093 | 40,000 | 2 |
| Coromandel International Limited | 506395 | 74,300 | 1 |
| DEE Development Engineers Limited | 544198 | 134,968 | 10 |
| ICICI Lombard General Insurance Company Limited | 540716 | 28,523 | 10 |
| ICICI Prudential Life Insurance Company Limited | 540133 | 78,351 | 10 |
| IDFC First Bank Limited | 539437 | 571,443 | 10 |
| Jagsonpal Pharmaceuticals Limited | 507789 | 56,571 | 2 |
| Nippon Life India Asset Management Limited | 540767 | 41,652 | 10 |
| Polycab India Limited | 542652 | 150 | 10 |
| Refex Industries Limited | 532884 | 273,925 | 2 |
| SBFC Finance Limited | 543959 | 623,607 | 10 |
| Sequent Scientific Limited | 512529 | 1,163,301 | 2 |
| VA Tech Wabag Limited | 533269 | 3,022 | 2 |
Regulatory Changes
No regulatory changes. This is a routine administrative circular for listing securities already issued under approved ESOP/ESOS schemes.
Compliance Requirements
- Market participants should update their systems to reflect the increased share capital of the listed companies
- The new shares will be fungible with existing equity shares of the respective companies
- No specific compliance actions required from market participants beyond normal trading operations
Important Dates
- Notice Date: December 17, 2025
- Effective Trading Date: December 18, 2025 (Thursday)
- Lock-in Period: Not Applicable (NA) for all securities
Impact Assessment
Market Impact: Minimal. The listed shares represent a small percentage of the total outstanding shares for each company. The largest absolute issuance is 1,163,301 shares by Sequent Scientific Limited, followed by 623,607 shares by SBFC Finance Limited and 571,443 shares by IDFC First Bank Limited.
Liquidity Impact: Negligible immediate impact on liquidity as these shares were already allocated to employees and may have holding restrictions or employee preferences for long-term holding.
Dilution Impact: Minor dilution for existing shareholders as ESOP/ESOS issuances are typically small relative to total share capital and are anticipated as part of employee compensation structures.
Operational Impact: Routine listing process with no disruption to normal market operations. All shares are immediately available for trading without lock-in restrictions.
Impact Justification
Routine listing of ESOP/ESOS shares with no lock-in period. Represents small dilution across 14 companies with minimal market impact. Standard administrative circular for securities already allocated to employees.