Description

BSE lists additional shares issued under ESOP/ESOS schemes by 14 companies including IDFC First Bank, Sequent Scientific, and SBFC Finance, effective December 18, 2025.

Summary

BSE has listed additional equity shares issued by 14 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will be admitted for trading on the Exchange with effect from Thursday, December 18, 2025. The listing covers a total of 3,049,224 shares across companies ranging from banking and insurance to pharmaceuticals and manufacturing sectors. None of the newly listed shares are subject to lock-in periods.

Key Points

  • 14 companies have issued further securities under ESOP/ESOS schemes
  • Total shares listed: 3,049,224 shares across all companies
  • Largest issuance: IDFC First Bank Limited (571,443 shares of face value ₹10)
  • Second largest: SBFC Finance Limited (623,607 shares of face value ₹10)
  • Third largest: Sequent Scientific Limited (1,163,301 shares of face value ₹2)
  • No lock-in period applicable for any of the listed shares
  • Face values vary from ₹1 to ₹10 depending on the company
  • All shares are in dematerialized form with specific distinctive number ranges assigned

Regulatory Changes

No regulatory changes introduced. This is a standard operational circular for listing securities issued under existing ESOP/ESOS regulations.

Compliance Requirements

  • Companies must ensure proper disclosure of ESOP/ESOS allotments as per SEBI LODR Regulations
  • Market participants should update their records with new share capital information
  • Trading members should note the availability of these shares for trading from December 18, 2025

Important Dates

  • Notice Date: December 17, 2025
  • Effective Trading Date: December 18, 2025 (Thursday)
  • Lock-in Expiry: Not applicable (NA) for all listed shares

Impact Assessment

Market Impact: Minimal. The shares being listed represent routine ESOP/ESOS exercises and constitute small percentages of the existing share capital for each company. The absence of lock-in periods means these shares are immediately available for trading.

Liquidity Impact: Negligible increase in float for all companies. The largest absolute issuance (IDFC First Bank at 571,443 shares) represents a fraction of the bank’s existing equity base.

Dilution Impact: Minor dilution to existing shareholders, with the dilution percentage varying by company but generally less than 0.1% for most companies listed.

Company-Specific Notes:

  • IDFC First Bank, SBFC Finance, and Sequent Scientific have the largest absolute share issuances
  • Companies span diverse sectors: banking, insurance, asset management, pharmaceuticals, power equipment, and industrial manufacturing
  • Face values range from ₹1 (Borosil Renewables, Coromandel International, Refex Industries, Sequent Scientific, VA Tech Wabag) to ₹10 (ICICI Lombard, ICICI Prudential Life, IDFC First Bank, Nippon Life India AM, Polycab, SBFC Finance)

Impact Justification

Routine administrative listing of ESOP/ESOS shares with minimal market impact. The shares issued represent small percentages of existing equity and involve no lock-in periods.