Description

Seven companies including HDFC Bank, ICICI Bank, BlueStone Jewellery, Gulf Oil Lubricants, J.B. Chemicals, Jagsonpal Pharmaceuticals, and Kernex Microsystems have listed additional equity shares under ESOP/ESOS schemes effective February 3, 2026.

Summary

BSE has listed further equity shares issued by seven companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS) programs. The new securities will be admitted for trading on the Exchange effective Tuesday, February 3, 2026. The listed companies include major banking institutions HDFC Bank (1,219,698 shares) and ICICI Bank (765,234 shares), along with BlueStone Jewellery (295,857 shares), Gulf Oil Lubricants (80,451 shares), J.B. Chemicals (92,490 shares), Jagsonpal Pharmaceuticals (109,180 shares), and Kernex Microsystems (43,000 shares). None of the newly issued shares are subject to lock-in restrictions.

Key Points

  • Total of 7 companies listing additional equity shares under ESOP/ESOS schemes
  • Largest issuance: HDFC Bank Limited with 1,219,698 shares (Face Value: ₹1)
  • Second largest: ICICI Bank Limited with 765,234 shares (Face Value: ₹2)
  • BlueStone Jewellery listing 295,857 shares (Face Value: ₹1)
  • Gulf Oil Lubricants listing 80,451 shares (Face Value: ₹2)
  • J.B. Chemicals listing 92,490 shares (Face Value: ₹1)
  • Jagsonpal Pharmaceuticals listing 109,180 shares (Face Value: ₹2)
  • Kernex Microsystems listing 43,000 shares (Face Value: ₹10)
  • No lock-in period applicable for any of the newly issued shares
  • All shares listed with distinct ISIN numbers and distribution number ranges

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification for employee stock option exercises under existing SEBI ESOP regulations.

Compliance Requirements

  • Market participants must take note of the newly listed securities
  • Trading systems should be updated to reflect the increased share capital for these companies
  • Companies have complied with ESOP/ESOS listing requirements under applicable regulations
  • Distinctive numbers assigned for tracking purposes (From and To range provided for each company)

Important Dates

  • Notice Date: February 2, 2026
  • Trading Commencement Date: Tuesday, February 3, 2026
  • Lock-in Expiry: Not Applicable (NA) - No lock-in restrictions on any of the securities

Impact Assessment

Market Impact: Minimal. ESOP/ESOS issuances represent standard employee compensation practices and typically involve small percentages of outstanding share capital. The dilution effect is marginal for all companies listed.

Liquidity Impact: Negligible immediate impact. ESOP shares often have gradual market entry as employees decide individual selling timelines.

Company-Specific Impact:

  • Banking stocks (HDFC Bank, ICICI Bank) see larger absolute numbers but minimal percentage dilution given their large market capitalizations
  • Smaller companies like Kernex Microsystems (43,000 shares at ₹10 face value) have proportionally minor additions
  • No lock-in restrictions mean shares can be traded immediately, though employee holding patterns typically result in gradual market entry

Investor Considerations: Routine corporate action requiring awareness but no immediate trading strategy adjustments. Updated share capital figures should be noted for valuation purposes.

Impact Justification

Routine listing of employee stock option shares for multiple companies with no lock-in restrictions. Minimal market impact as ESOP issuances are standard corporate actions with limited dilution effect.