Description

BSE lists additional securities issued by 8 companies including Ather Energy, AXIS Bank, Bajaj Auto, Max Estates, Quick Heal Technologies, South Indian Bank, SpiceJet, and Yes Bank under their ESOP/ESOS schemes, effective January 5, 2026.

Summary

BSE has announced the listing and admission for trading of further securities issued by 8 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS). The securities will be available for trading effective Monday, January 5, 2026. The total number of shares being listed ranges from 15,352 shares (Quick Heal Technologies) to 893,540 shares (Yes Bank), with none of the shares subject to lock-in restrictions.

Key Points

  • 8 companies are listing additional equity shares under ESOP/ESOS schemes
  • Effective trading date: January 5, 2026
  • Total shares listed: 1,947,650 shares across all companies
  • No lock-in period applicable to any of the listed securities
  • Companies span diverse sectors including banking, automotive, technology, real estate, and aviation
  • Yes Bank has the largest listing (893,540 shares with face value of Rs. 2)
  • Quick Heal Technologies has the smallest listing (15,352 shares with face value of Rs. 10)

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification for shares issued under existing ESOP/ESOS frameworks.

Compliance Requirements

All market participants are required to:

  • Take note of the listing of these additional securities
  • Update their systems to reflect the increased share capital for these companies
  • Contact BSE at 022-2272-5878 for any clarifications

Important Dates

  • Notice Date: January 2, 2026
  • Trading Commencement: January 5, 2026 (Monday)
  • Lock-in Expiry: Not applicable (NA for all securities)

Impact Assessment

Market Impact: Low - The listing represents employee stock options being exercised and listed, which is a routine corporate action. The share quantities are relatively small compared to the outstanding shares of these companies.

Liquidity Impact: Minimal - While the shares add to the free float, the quantities are modest and will have negligible effect on trading volumes or liquidity.

Dilution Impact: Negligible to Low - For most companies, the additional shares represent minor dilution:

  • Ather Energy: 433,842 shares
  • AXIS Bank: 90,462 shares
  • Bajaj Auto: 240,230 shares
  • Max Estates: 43,898 shares
  • Quick Heal Technologies: 15,352 shares
  • South Indian Bank: 106,226 shares
  • SpiceJet: 124,100 shares
  • Yes Bank: 893,540 shares (highest dilution)

Investor Consideration: No lock-in restrictions mean these shares are immediately available for trading, potentially adding minor selling pressure, though this is typically priced into employee compensation schemes.

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in period. Minimal market impact as these are employee stock options being listed post-exercise.