Description

BSE announces listing and admission to trading of further securities issued under ESOP/ESOS by 15 companies effective December 24, 2025.

Summary

BSE has announced the listing and admission to trading of further securities issued by 15 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will commence trading on the Exchange from Wednesday, December 24, 2025. The total number of shares being listed ranges from 585 shares (Cipla Limited) to 2,380,000 shares (Vascon Engineers Limited). None of the newly listed shares are subject to lock-in restrictions.

Key Points

  • 15 companies are listing further securities issued under ESOP/ESOS schemes
  • Trading will commence from December 24, 2025
  • Total shares being listed vary from 585 (Cipla) to 2,380,000 (Vascon Engineers)
  • No lock-in period applicable to any of the listed securities
  • Face values range from Rs. 2 to Rs. 10 per share
  • Largest issuance by Vascon Engineers Limited: 2,380,000 shares (scrip code 533156)
  • Major companies include ICICI Bank (19,752 shares), Aditya Birla Capital (1,375,753 shares), and Birlasoft (147,241 shares)

Regulatory Changes

No regulatory changes introduced in this circular. This is a standard listing notification for securities issued under existing ESOP/ESOS frameworks.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding the listing of additional securities.

Important Dates

  • Notice Date: December 23, 2025
  • Trading Commencement Date: December 24, 2025 (Wednesday)
  • Lock-in Period: Not applicable (NA) for all securities

Impact Assessment

Market Impact: Low. The listing of ESOP/ESOS shares is a routine corporate action with minimal impact on overall market liquidity or stock prices. The quantities being listed are relatively small compared to the total outstanding shares of these companies.

Operational Impact: Minimal. Market participants should update their records to reflect the increased share capital and new distinctive numbers for the listed companies. The absence of lock-in restrictions means these shares are immediately available for trading.

Investor Impact: Limited dilution effect given the small percentage increase in outstanding shares. These shares represent compensation to employees and are part of normal corporate practices for attracting and retaining talent.

Impact Justification

Routine listing of employee stock option shares with minimal market impact, no lock-in restrictions, relatively small quantities compared to total outstanding shares