Description

BSE lists additional equity shares issued by 16 companies under their Employee Stock Option Plans (ESOP/ESOS), effective December 30, 2025.

Summary

BSE has announced the listing of further securities issued by 16 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These new equity shares will be listed and admitted for trading on the Exchange with effect from Tuesday, December 30, 2025. The circular covers a total of 1,422,621 shares across major companies including ITC Ltd, AXIS Bank, SBI Cards, and others.

Key Points

  • 16 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Effective trading date: December 30, 2025
  • Total shares being listed: 1,422,621 shares across all companies
  • Largest issuance: ITC Ltd with 195,210 shares (face value ₹1)
  • Second largest: Go Digit General Insurance with 566,379 shares (face value ₹10)
  • Only one company (Bliss GVS Pharma) has shares under lock-in period until June 9, 2025
  • All other companies’ shares have no lock-in restrictions (marked as NA)

Regulatory Changes

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

Compliance Requirements

  • All market participants must take note of the newly listed securities
  • Trading members should update their systems to reflect the new share capital for these companies
  • The new shares will be available for trading from December 30, 2025
  • For clarifications, market participants can contact BSE at 022-2272 8706/5878

Important Dates

  • Notice Date: December 29, 2025
  • Effective Trading Date: December 30, 2025
  • Lock-in Expiry (Bliss GVS Pharma only): June 9, 2025

Impact Assessment

Market Impact: Minimal to low. The listing of ESOP/ESOS shares represents routine corporate actions and typically causes marginal dilution to existing shareholders. The share quantities being listed are relatively small compared to the overall market capitalization of these companies.

Liquidity Impact: Negligible increase in floating stock for these companies. Most shares have no lock-in restrictions and will be immediately tradeable.

Company-Specific Notes:

  • ITC Ltd: 195,210 shares (₹1 face value) - minimal dilution given company’s large market cap
  • AXIS Bank: 502,455 shares (₹2 face value) - routine employee option exercises
  • UNICOMMERCE: 1,017,088 shares - largest number of shares but relatively small company
  • Bliss GVS Pharma: 66,380 shares under lock-in until June 9, 2025

Investor Impact: No material impact on existing shareholders. ESOP/ESOS exercises are standard practice and anticipated dilution events.

Impact Justification

Routine administrative listing of ESOP/ESOS shares for 16 companies. No significant market impact as these are small dilutions from employee stock option exercises. Lock-in period applies only to Bliss GVS Pharma shares.