Description

BSE announces listing of 2,851,543 additional shares from 8 companies under employee stock option schemes, effective December 22, 2025.

Summary

BSE has announced the listing and admission to trading of further securities issued by 8 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS) programs. The new shares will be available for trading from Monday, December 22, 2025. A total of 2,851,543 shares across these companies will be listed, with no lock-in periods applicable.

Key Points

  • Total Companies: 8 listed entities issuing ESOP/ESOS shares
  • Total New Shares: 2,851,543 shares
  • Effective Trading Date: December 22, 2025 (Monday)
  • Lock-in Period: None (NA for all companies)
  • Largest Issuance: Yes Bank Limited with 1,103,638 shares
  • Face Values: Range from ₹1 to ₹10 per share

Company-Wise Share Details

  1. AXIS Bank Limited (532215): 245,902 shares at ₹2 face value
  2. Fedbank Financial Services Limited (544027): 6,088 shares at ₹10 face value
  3. FSN E-Commerce Ventures Limited (Nykaa) (543384): 259,450 shares at ₹1 face value
  4. HDFC Life Insurance Company Limited (540777): 769,885 shares at ₹10 face value
  5. IRIS Reg Tech Solutions Limited (540735): 10,000 shares at ₹10 face value
  6. Tech Mahindra Limited (532755): 60,706 shares at ₹5 face value
  7. Wipro Limited (507685): 395,874 shares at ₹2 face value
  8. Yes Bank Limited (532648): 1,103,638 shares at ₹2 face value

Regulatory Changes

No regulatory changes announced. This is a standard administrative circular for listing employee-issued securities under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Market participants should update their systems to reflect the increased share capital of the listed companies
  • Trading members can facilitate transactions in these newly listed shares from December 22, 2025
  • No special compliance requirements as shares have no lock-in restrictions

Important Dates

  • Circular Date: December 19, 2025
  • Trading Commencement: December 22, 2025 (Monday)
  • Lock-in Expiry: Not applicable (no lock-in period)

Impact Assessment

Market Impact: Minimal to negligible. The aggregate number of shares being listed (2.85 million) represents a small fraction of the outstanding equity for these large-cap and mid-cap companies. ESOP issuances are routine corporate actions that typically have limited immediate price impact.

Liquidity Impact: Marginal increase in tradable float for each company. The staggered nature of ESOP conversions means these shares enter the market gradually through employee transactions.

Dilution Impact: Minor dilution of existing shareholders’ equity, already anticipated in companies’ authorized capital structures.

Stakeholder Impact: Positive for employees exercising their stock options, standard administrative process for listed companies maintaining equity compensation programs.

Impact Justification

Routine administrative listing of employee stock option shares with minimal market impact due to relatively small quantities compared to outstanding shares