Description

BSE announces listing and trading admission of ESOP/ESOS shares for six companies including ICICI Lombard, Ideaforge Technology, and Oracle Financial Services, effective January 29, 2026.

Summary

BSE has approved the listing and trading admission of further securities issued under Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS) by six companies. These shares will be available for trading with effect from Thursday, January 29, 2026. All listed shares have no lock-in period restrictions.

Key Points

  • Six companies issuing ESOP/ESOS shares for listing
  • Alivus Life Sciences Limited: 55,000 shares (Face Value: ₹2)
  • ICICI Lombard General Insurance Company Limited: 22,656 shares (Face Value: ₹10)
  • Ideaforge Technology Limited: 14,451 shares (Face Value: ₹10)
  • Oracle Financial Services Software Limited: 4,624 shares (Face Value: ₹5)
  • Rishabh Instruments Limited: 3,165 shares (Face Value: ₹10)
  • Vardhman Special Steels Limited: 123,750 shares (Face Value: ₹10)
  • Total shares across all companies: 223,646 shares
  • None of the shares are under lock-in restrictions
  • All shares admitted for immediate trading upon listing

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification for employee stock option conversions.

Compliance Requirements

  • Market participants must update their systems to reflect the increased share capital for the six companies
  • Trading members should note the new distinctive numbers for each company’s shares
  • Companies must comply with standard post-listing disclosure requirements

Important Dates

  • Notice Date: January 28, 2026
  • Listing Effective Date: January 29, 2026 (Thursday)
  • Lock-in Expiry: Not Applicable (NA) - shares are freely tradable from listing date

Impact Assessment

Market Impact: Minimal. The total number of shares being listed represents a small fraction of the existing equity base for all companies involved. The largest single addition is 123,750 shares for Vardhman Special Steels Limited.

Liquidity Impact: Negligible increase in tradable float for each company. No significant impact on stock prices expected.

Operational Impact: Routine processing by market participants to update share capital records and distinctive number ranges.

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in restrictions. Total shares being listed represent minor additions to existing float for all companies involved.