Description

BSE announces listing and admission for trading of further securities issued by 10 companies under their ESOP/ESOS schemes, effective February 09, 2026.

Summary

BSE has announced the listing and admission for trading of further securities issued by 10 companies under their Employee Stock Option Plan (ESOP) and Employee Stock Option Scheme (ESOS). These securities will be available for trading with effect from Monday, February 09, 2026. None of the newly listed shares are subject to lock-in restrictions.

Key Points

  • Total of 10 companies listing additional equity shares from ESOP/ESOS exercises
  • Largest issuance: L&T Finance Limited with 610,900 shares (face value ₹10)
  • Second largest: Transwarranty Finance Limited with 541,368 shares (face value ₹10)
  • Third largest: AXIS Bank Limited with 438,206 shares (face value ₹2)
  • All newly issued shares have no lock-in period (marked as NA)
  • Share quantities range from 12,365 shares (AAVAS Financiers) to 610,900 shares (L&T Finance)
  • Different face values across companies: ₹1, ₹2, and ₹10

Company-Wise Details

  1. AAVAS Financiers Limited (ISIN: INE216P01012, Scrip: 541988): 12,365 shares, FV ₹10
  2. AXIS Bank Limited (ISIN: INE238A01034, Scrip: 532215): 438,206 shares, FV ₹2
  3. ICICI Lombard General Insurance Company Limited (ISIN: INE765G01017, Scrip: 540716): 38,044 shares, FV ₹10
  4. Kirloskar Pneumatic Co. Limited (ISIN: INE811A01020, Scrip: 505283): 12,500 shares, FV ₹2
  5. L&T Finance Limited (ISIN: INE498L01015, Scrip: 533519): 610,900 shares, FV ₹10
  6. Max India Limited (ISIN: INE0CG601016, Scrip: 543223): 12,500 shares, FV ₹10
  7. Nuvama Wealth Management Limited (ISIN: INE531F01023, Scrip: 543988): 167,230 shares, FV ₹2
  8. Transwarranty Finance Limited (ISIN: INE804H01012, Scrip: 532812): 541,368 shares, FV ₹10
  9. V-Guard Industries Limited (ISIN: INE951I01027, Scrip: 532953): 409,887 shares, FV ₹1
  10. V-Mart Retail Limited (ISIN: INE665J01013, Scrip: 534976): 19,264 shares, FV ₹10

Regulatory Changes

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

Compliance Requirements

  • Market participants should update their systems to reflect the increased share capital for the mentioned companies
  • Trading members should note the new distinctive number ranges for each company
  • No special compliance requirements as shares are freely tradable with no lock-in restrictions

Important Dates

  • Circular Date: February 06, 2026
  • Effective Trading Date: Monday, February 09, 2026
  • Lock-in Period: None (NA for all companies)

Impact Assessment

Market Impact: Low - The issuance represents routine ESOP/ESOS exercises which are normal corporate actions. The share quantities are relatively small compared to the existing capital base of these established companies.

Liquidity Impact: Minimal - While these shares add to the float, the quantities are modest and unlikely to significantly affect trading liquidity or price discovery.

Dilution Impact: Negligible - The incremental dilution from these ESOP shares is minimal for all companies listed, particularly for large-cap companies like AXIS Bank and L&T Finance.

Investor Consideration: No immediate action required. These shares are freely tradable with no restrictions, representing completed employee compensation arrangements.

Impact Justification

Routine listing of ESOP/ESOS shares with no lock-in restrictions. Minor dilution impact across 10 companies with relatively small share quantities compared to existing base.