Description

NSE announces listing of equity shares allotted under ESOP schemes by ICICI Lombard General Insurance, Kirloskar Industries, Quick Heal Technologies, Rishabh Instruments, Tata Motors, and Tata Elxsi, effective October 10, 2025.

Summary

NSE has notified the listing of further equity shares for six companies allotted under Employee Stock Option Plans (ESOP) and one bonus issue kept under abeyance. The securities will be admitted to trading on the Capital Market segment with effect from October 10, 2025. All shares are listed as pari passu with existing equity shares with no lock-in restrictions.

Key Points

  • ICICI Lombard General Insurance (ICICIGI): 96,554 equity shares of Rs. 10/- each allotted on October 3, 2025 under ESOP
  • Kirloskar Industries (KIRLOSIND): 82,034 equity shares of Rs. 10/- each allotted on September 30, 2025 under ESOP
  • Quick Heal Technologies (QUICKHEAL): 13,783 equity shares of Rs. 10/- each allotted on October 1, 2025 under ESOP
  • Rishabh Instruments (RISHABH): 60,000 equity shares of Rs. 10/- each allotted on October 1, 2025 under ESOP
  • Tata Motors (TATAMOTORS): 56,720 equity shares of Rs. 2/- each allotted on October 7, 2025 under ESOP
  • Tata Elxsi (TATAELXSI): 2 equity shares of Rs. 10/- each allotted on September 20, 2017 pursuant to bonus issue previously kept under abeyance
  • Market lot size is 1 for all securities
  • All shares are pari passu with existing equity shares
  • No lock-in period applicable

Regulatory Changes

No regulatory changes. This is a standard listing notification under Regulation 3.1.1 and 2.5.5 of the NSE (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Trading members should note the updated security codes and distinctive number ranges for trading purposes
  • Securities will be identified by their designated codes on the trading system
  • Trading must be conducted in the specified lot sizes (market lot of 1 for all securities)

Important Dates

  • Circular Date: October 9, 2025
  • Effective Date for Trading: October 10, 2025
  • Allotment Dates:
    • ICICI Lombard: October 3, 2025
    • Kirloskar Industries: September 30, 2025
    • Quick Heal Technologies: October 1, 2025
    • Rishabh Instruments: October 1, 2025
    • Tata Motors: October 7, 2025
    • Tata Elxsi: September 20, 2017 (bonus shares from abeyance)

Impact Assessment

Market Impact: Minimal. The number of shares being listed represents a small fraction of the total outstanding shares for these established companies. ESOP allotments are routine corporate actions.

Operational Impact: None for general market participants. Trading members need to update their systems to reflect the new share count and distinctive number ranges.

Liquidity Impact: Negligible increase in free float due to small quantities involved. The largest allotment is 96,554 shares for ICICI Lombard, which is minimal relative to typical trading volumes.

Impact Justification

Routine administrative listing of ESOP allotments with minimal market impact; relatively small number of shares compared to total outstanding shares of these companies.