Description

BSE announces listing of 2,605,910 new equity shares issued under ESOP/ESOS by 7 companies including HDFC Bank, ICICI Bank, BlueStone Jewellery, Gulf Oil, JB Chemicals, Jagsonpal Pharma, and Kernex Microsystems, effective February 3, 2026.

Summary

BSE has approved the listing and admission for trading of 2,605,910 new equity shares issued by 7 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The securities will be available for trading from Tuesday, February 3, 2026. Notable companies include major banking institutions HDFC Bank (1,219,698 shares) and ICICI Bank (765,234 shares), along with BlueStone Jewellery, Gulf Oil Lubricants, JB Chemicals, Jagsonpal Pharmaceuticals, and Kernex Microsystems. None of the newly listed shares are subject to lock-in restrictions.

Key Points

  • 7 companies listing a combined 2,605,910 new equity shares issued under ESOP/ESOS
  • Trading commences on February 3, 2026
  • HDFC Bank issuing the largest quantity: 1,219,698 shares (Face Value: ₹1)
  • ICICI Bank issuing 765,234 shares (Face Value: ₹2)
  • BlueStone Jewellery and Lifestyle Limited: 295,857 shares (Face Value: ₹1)
  • Gulf Oil Lubricants India Limited: 80,451 shares (Face Value: ₹2)
  • JB Chemicals & Pharmaceuticals Limited: 92,490 shares (Face Value: ₹1)
  • Jagsonpal Pharmaceuticals Limited: 109,180 shares (Face Value: ₹2)
  • Kernex Microsystems (India) Limited: 43,000 shares (Face Value: ₹10)
  • No lock-in period applicable for any of the listed securities

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for securities issued under existing ESOP/ESOS regulations.

Compliance Requirements

  • Market participants must take note of the new securities and their distinctive numbers
  • Trading systems should be updated to reflect the increased share capital for the listed companies
  • Distinctive number ranges provided for each company’s new issuance for tracking purposes

Important Dates

  • Notice Date: February 2, 2026
  • Trading Commencement Date: February 3, 2026 (Tuesday)
  • Lock-in Expiry: Not Applicable (NA) - no lock-in period for any securities

Impact Assessment

Market Impact: Minimal. The newly listed shares represent routine ESOP/ESOS conversions and are relatively small compared to the existing market capitalization of the companies involved. The absence of lock-in restrictions means shares are immediately tradable, but the quantities are not significant enough to materially impact liquidity or price discovery.

Operational Impact: Standard operational update for market participants to update their systems with new distinctive number ranges and increased share capital. No special trading arrangements or restrictions apply.

Investor Impact: Marginal dilution effect across all 7 companies. For large-cap stocks like HDFC Bank and ICICI Bank, the dilution is negligible given their substantial existing share base. Investors holding these securities should be aware of the slight increase in outstanding shares.

Impact Justification

Routine listing of ESOP shares with no lock-in restrictions. While involving major banks like HDFC and ICICI, the share quantities are relatively small compared to existing float and represent standard employee compensation activity.