Description

NSE circular notifying the listing of further equity shares allotted under ESOP by nine companies including Ashok Leyland, Banka BioLoo, Devyani International, ESAF Small Finance Bank, Go Digit General Insurance, India Shelter Finance Corporation, Kfin Technologies, Shriram Finance, and Star Health and Allied Insurance, effective October 24, 2025.

Summary

National Stock Exchange has issued a circular notifying the listing of further equity shares allotted under Employee Stock Option Plans (ESOP) by nine companies. The securities will be admitted to dealings on the Capital Market segment with effect from October 24, 2025. All shares are listed with market lot of 1 and are pari passu with existing shares, with no lock-in applicable.

Key Points

  • Ashok Leyland Limited (ASHOKLEY): 400,000 equity shares of Re. 1/- each allotted on October 10, 2025 (ISIN: INE208A01029)
  • Banka BioLoo Limited (BANKA): 8,750 equity shares of Rs. 10/- each allotted on October 09, 2025 (ISIN: INE862Y01015)
  • Devyani International Limited (DEVYANI): 935,000 equity shares of Re. 1/- each allotted on September 25, 2025 (ISIN: INE872J01023)
  • ESAF Small Finance Bank Limited (ESAFSFB): 35,058 equity shares of Rs. 10/- each allotted on October 13, 2025 (ISIN: INE818W01011)
  • Go Digit General Insurance Limited (GODIGIT): 22,438 equity shares of Rs. 10/- each allotted on September 29, 2025 (ISIN: INE03JT01014)
  • India Shelter Finance Corporation Limited (INDIASHLTR): Equity shares of Rs. 5/- each (details partially provided in circular)
  • Kfin Technologies Limited, Shriram Finance Limited, and Star Health and Allied Insurance Company Limited also mentioned but detailed annexure not provided in the excerpt
  • Market lot for all securities: 1
  • All shares are pari passu with existing equity shares
  • Lock-in details: Not Applicable for all companies

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under existing regulations.

Compliance Requirements

  • Trading members should note the designated security codes for trading purposes
  • Securities shall be identified only by designated codes on the trading system
  • Trading shall be in specified lot sizes (market lot of 1 for all securities)
  • Circular issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A

Important Dates

  • Circular Date: October 23, 2025
  • Effective Date: October 24, 2025
  • Allotment Dates:
    • Ashok Leyland: October 10, 2025
    • Banka BioLoo: October 09, 2025
    • Devyani International: September 25, 2025
    • ESAF Small Finance Bank: October 13, 2025
    • Go Digit General Insurance: September 29, 2025

Impact Assessment

Market Impact: Minimal. This is a routine administrative listing of shares allotted under ESOP schemes. The number of shares being listed represents a small fraction of the total outstanding equity for these companies.

Trading Impact: No expected impact on trading operations. The shares will trade with the same symbol and ISIN as existing shares, with standard market lot of 1.

Investor Impact: ESOP allottees (typically employees) can now trade their allotted shares on the exchange. No lock-in restrictions apply to these shares.

Liquidity Impact: Marginal increase in free float for the respective companies, with largest additions being Ashok Leyland (400,000 shares) and Devyani International (935,000 shares).

Impact Justification

Routine ESOP allotment listings with relatively small number of shares compared to outstanding equity. No material impact on trading or market capitalization.