Description

BSE announces listing and admission to trading of further securities issued under ESOP/ESOS by 14 companies, effective December 18, 2025.

Summary

BSE has announced the listing and admission to trading of further securities issued by 14 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will be listed and available for trading with effect from Thursday, December 18, 2025. None of the newly issued shares are subject to lock-in periods.

Key Points

  • 14 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Total of 2,991,225 shares are being listed across all companies
  • Effective listing date: December 18, 2025
  • No lock-in restrictions apply to any of the newly listed securities
  • Face values range from Re. 1 to Rs. 10 depending on the company
  • Largest issuances: IDFC First Bank (571,443 shares), SBFC Finance (623,607 shares), and Sequent Scientific (1,163,301 shares)

Regulatory Changes

No regulatory changes. This is a routine administrative notification for listing of securities issued under existing ESOP/ESOS schemes.

Compliance Requirements

  • Market participants should note the increased share capital and updated distinctive numbers for the affected companies
  • Trading members should update their systems to reflect the new shares available for trading from December 18, 2025

Important Dates

  • Notice Date: December 17, 2025
  • Listing Effective Date: December 18, 2025 (Thursday)

Impact Assessment

Market Impact: Low. The listing of ESOP/ESOS shares represents routine corporate activity and typically has minimal market impact as these issuances are relatively small compared to total outstanding shares. The shares issued range from 150 shares (Polycab India) to 1,163,301 shares (Sequent Scientific).

Dilution Impact: Minimal dilution for most companies given the relatively small number of shares being issued compared to their existing share capital.

Trading Impact: No restrictions on trading as none of the securities are under lock-in, allowing immediate liquidity.

Companies Affected

  1. Borosil Renewables Limited (502219) - 5,412 shares
  2. CG Power and Industrial Solutions Limited (500093) - 40,000 shares
  3. Coromandel International Limited (506395) - 74,300 shares
  4. DEE Development Engineers Limited (544198) - 134,968 shares
  5. ICICI Lombard General Insurance Company Limited (540716) - 28,523 shares
  6. ICICI Prudential Life Insurance Company Limited (540133) - 78,351 shares
  7. IDFC First Bank Limited (539437) - 571,443 shares
  8. Jagsonpal Pharmaceuticals Limited (507789) - 56,571 shares
  9. Nippon Life India Asset Management Limited (540767) - 41,652 shares
  10. Polycab India Limited (542652) - 150 shares
  11. Refex Industries Limited (532884) - 273,925 shares
  12. SBFC Finance Limited (543959) - 623,607 shares
  13. Sequent Scientific Limited (512529) - 1,163,301 shares
  14. VA Tech Wabag Limited (533269) - 3,022 shares

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in restrictions; minor dilution across multiple companies with no material market impact expected.