Description
BSE announces listing and admission for trading of new securities issued under ESOP/ESOS schemes by 17 companies, effective December 31, 2025.
Summary
BSE has approved the listing and admission for trading of further securities issued by 17 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will be available for trading from December 31, 2025. The listing covers a total of 1,550,436 shares across companies in various sectors including banking, technology, pharmaceuticals, real estate, and industrial manufacturing. None of the shares are under lock-in.
Key Points
- 17 companies issuing new securities under ESOP/ESOS schemes
- Total securities listed: 1,550,436 shares across all companies
- Largest issuance: IDFC First Bank Limited (796,222 shares, face value ₹10)
- Second largest: Sai Life Sciences Limited (889,133 shares, face value ₹1)
- All securities have no lock-in period restrictions
- Securities available for trading from December 31, 2025
- Companies span banking, IT, pharma, real estate, industrial, and chemical sectors
Regulatory Changes
No regulatory changes announced. This is a standard administrative notification for listing of employee stock options.
Compliance Requirements
No specific compliance requirements for market participants. This is an informational circular regarding securities that have been approved for listing and trading.
Important Dates
- Notice Date: December 30, 2025
- Trading Commencement Date: December 31, 2025 (Wednesday)
Impact Assessment
Market Impact: Minimal. The listing of ESOP/ESOS shares is a routine corporate action that represents employee compensation being converted to tradeable securities. The volumes involved are relatively small compared to the outstanding shares of these companies.
Company-Specific Impact:
- Represents increased float for listed companies
- Potential dilution effect is marginal given the small number of shares relative to existing equity base
- No lock-in restrictions means shares are immediately tradeable
Investor Impact: Neutral. Existing shareholders may see minor dilution, but the impact is negligible given the small size of issuances relative to market capitalization of these companies.
Detailed Company List
| Company | ISIN | Scrip Code | Shares | Face Value (₹) |
|---|---|---|---|---|
| Max India Limited | INE0CG601016 | 543223 | 20,000 | 10 |
| Aditya Birla Capital Ltd | INE674K01013 | 540691 | 120,054 | 10 |
| ArisInfra Solutions Limited | INE0H9P01028 | 544419 | 66,870 | 2 |
| BlackBuck Limited | INE0UIZ01018 | 544288 | 110,715 | 1 |
| Carborundum Universal Ltd | INE120A01034 | 513375 | 6,876 | 1 |
| CG Power and Industrial Solutions Limited | INE067A01029 | 500093 | 5,000 | 2 |
| DCB Bank Limited | INE503A01015 | 532772 | 32,620 | 10 |
| Emcure Pharmaceuticals Limited | INE168P01015 | 544210 | 7,700 | 10 |
| Federal Bank Ltd | INE171A01029 | 500469 | 108,461 | 2 |
| IDFC First Bank Limited | INE092T01019 | 539437 | 796,222 | 10 |
| Infosys Ltd | INE009A01021 | 500209 | 43,490 | 5 |
| KFin Technologies Limited | INE138Y01010 | 543720 | 55,879 | 10 |
| Lodha Developers Limited | INE670K01029 | 543287 | 42,630 | 10 |
| Sai Life Sciences Limited | INE570L01029 | 544306 | 889,133 | 1 |
| Sudarshan Chemical Industries Ltd | INE659A01023 | 506655 | 5,463 | 2 |
| The Phoenix Mills Ltd | INE211B01039 | 503100 | 6,000 | 2 |
| Waaree Renewable Technologies Limited | INE299N01021 | 534618 | 99,223 | 2 |
Impact Justification
Routine administrative listing of employee stock option shares for 17 companies. No impact on trading operations or investor obligations. Total shares being listed represent small fractions of respective companies' equity base.