Description

BSE lists 223,646 new equity shares issued under ESOP/ESOS schemes by six companies including ICICI Lombard, Ideaforge Technology, and Oracle Financial Services, effective January 29, 2026.

Summary

BSE has listed 223,646 new equity shares issued by six companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The shares will be admitted for trading on the exchange effective January 29, 2026. None of the listed securities are under lock-in restrictions. The companies include ICICI Lombard General Insurance (largest allocation with 22,656 shares), Vardhman Special Steels (123,750 shares), Alivus Life Sciences (55,000 shares), Ideaforge Technology (14,451 shares), Oracle Financial Services Software (4,624 shares), and Rishabh Instruments (3,165 shares).

Key Points

  • Six companies have issued a total of 223,646 equity shares under ESOP/ESOS schemes
  • Trading of these securities begins on January 29, 2026
  • No lock-in period applies to any of the listed securities
  • ICICI Lombard General Insurance (Scrip Code: 540716) issued 22,656 shares with face value ₹10
  • Vardhman Special Steels (Scrip Code: 534392) issued 123,750 shares with face value ₹10
  • Alivus Life Sciences (Scrip Code: 543322) issued 55,000 shares with face value ₹2
  • Ideaforge Technology (Scrip Code: 543932) issued 14,451 shares with face value ₹10
  • Oracle Financial Services Software (Scrip Code: 532466) issued 4,624 shares with face value ₹5
  • Rishabh Instruments (Scrip Code: 543977) issued 3,165 shares with face value ₹10
  • All shares have been assigned distinct ISIN numbers for identification

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard listing notification for shares issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Market participants must take note of the new securities listed on the exchange
  • Trading systems should be updated to reflect the additional shares in circulation
  • Clarifications can be sought by contacting BSE at 022-2272 5271/5878

Important Dates

  • Notice Date: January 28, 2026
  • Trading Commencement Date: January 29, 2026 (Thursday)
  • Lock-in Expiry: Not applicable (NA for all securities)

Impact Assessment

Market Impact: Minimal. The total number of shares being listed (223,646) represents a small fraction of the existing float for these companies. Employee stock option exercises are routine corporate actions that typically have negligible impact on share prices or trading volumes.

Liquidity Impact: Marginal increase in available shares for trading across six securities, with Vardhman Special Steels seeing the largest single addition of 123,750 shares.

Dilution Impact: Minor dilution for existing shareholders as the share count increases, though the percentage dilution is likely less than 0.1% for most companies given their market capitalization.

Operational Impact: None for retail investors or general market participants. Standard update for trading systems and market surveillance infrastructure.

Impact Justification

Routine listing of ESOP/ESOS shares with minimal market impact due to small quantities relative to total issued capital and no lock-in restrictions.