Description

BSE announces listing and admission for trading of further securities issued by 17 companies under their ESOP/ESOS schemes, effective December 31, 2025.

Summary

BSE has announced the listing and admission for trading of further securities issued by 17 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS). The new shares will be available for trading with effect from Wednesday, December 31, 2025. A total of 1,356,336 shares across these companies are being listed, with no lock-in period applicable to any of the securities.

Key Points

  • 17 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Total of 1,356,336 shares being listed across all companies
  • Effective date for trading: December 31, 2025
  • No lock-in period applies to any of the listed securities
  • Largest issuance: IDFC First Bank Limited (796,222 shares)
  • Face values range from Re. 1 to Rs. 10 per share
  • All securities are already assigned ISIN codes

Regulatory Changes

No regulatory changes are introduced in this circular. This is a routine administrative notification for listing of employee stock option securities.

Compliance Requirements

  • Market participants must take note of the newly listed securities
  • All companies have complied with ESOP/ESOS listing requirements
  • Securities are admitted for immediate trading without restrictions
  • For clarifications, market participants can contact BSE at 022-2272 8706/5878

Important Dates

  • Notice Date: December 30, 2025
  • Listing and Trading Effective Date: December 31, 2025
  • Lock-in Period: Not Applicable (NA) for all securities

Impact Assessment

Market Impact: Minimal. The listing of ESOP/ESOS shares is a routine corporate action that reflects employee compensation and retention strategies. The quantities being listed represent a small fraction of the total outstanding shares for each company.

Liquidity Impact: Negligible increase in tradable float across the 17 companies. The largest single issuance (IDFC First Bank with 796,222 shares) represents minimal dilution.

Investor Impact: No immediate impact on existing shareholders. These shares were already part of authorized capital and their conversion/exercise was anticipated. No lock-in restrictions allow immediate trading participation.

Companies Affected: Max India, Aditya Birla Capital, ArisInfra Solutions, BlackBuck, Carborundum Universal, CG Power, DCB Bank, Emcure Pharmaceuticals, Federal Bank, IDFC First Bank, Infosys, KFin Technologies, Lodha Developers, Sai Life Sciences, Sudarshan Chemical, The Phoenix Mills, and Waaree Renewable Technologies.

Impact Justification

Routine administrative listing of ESOP/ESOS shares with no lock-in period. Affects only small quantities relative to total outstanding shares of listed companies. No market-wide impact expected.