Description
NSE announces listing of further equity shares issued under ESOP schemes by 11 companies including Carborundum Universal, ICICI Prudential Life, ITC, Metro Brands, Veranda Learning, Wipro, Equitas Small Finance Bank, Poonawalla Fincorp, Tech Mahindra, Varun Beverages, and Arihant Superstructures.
Summary
NSE has approved the listing of further equity shares issued under Employee Stock Option Plans (ESOP) by 11 companies. The securities will be admitted to trading on the Capital Market segment with effect from October 27, 2025. All shares are pari passu with existing equity shares and have a market lot of 1.
Key Points
- Carborundum Universal Limited (CARBORUNIV): 2,000 equity shares of Re. 1/- each allotted on September 23, 2025
- ICICI Prudential Life Insurance Company Limited (ICICIPRULI): 120,080 equity shares of Rs. 10/- each allotted on October 23, 2025
- ITC Limited (ITC): 707,230 equity shares of Re. 1/- each allotted on October 15, 2025 (partial lock-in until November 13, 2025)
- Metro Brands Limited (METROBRAND): 15,697 equity shares of Rs. 5/- each allotted on October 13, 2025
- Veranda Learning Solutions Limited (VERANDA): 113,284 equity shares of Rs. 10/- each allotted on September 10, 2025
- Wipro Limited (WIPRO): Details provided in annexure (content truncated)
- Additional companies listed: Equitas Small Finance Bank, Poonawalla Fincorp, Tech Mahindra, Varun Beverages, and Arihant Superstructures
- All securities identified by designated ISIN codes for trading purposes
- Market lot size: 1 for all securities
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification under existing regulations.
Compliance Requirements
- Trading members to note the new securities and their designated codes for trading from October 27, 2025
- Securities to be traded only through designated ISIN codes
- Lock-in restrictions apply to specific lots of ITC shares (93,900 and 124,320 shares with lock-in expiry on November 13, 2025)
- All other securities have no lock-in restrictions
Important Dates
- Circular Date: October 24, 2025
- Effective Date: October 27, 2025
- ITC Lock-in Expiry: November 13, 2025 (for specified lots)
- Allotment Dates: Range from September 10, 2025 to October 23, 2025 depending on company
Impact Assessment
Market Impact: Minimal. The further issues represent small percentages of existing share capital for these companies. For example, ITC’s 707,230 shares is negligible compared to its total outstanding shares.
Trading Impact: Routine addition to tradable securities. No change to market lot sizes or trading mechanisms.
Liquidity Impact: Marginal increase in floating stock for these companies. The ESOP shares will enhance liquidity slightly but are not expected to materially affect trading volumes or price discovery.
Investor Impact: Existing shareholders face minimal dilution. Shares are pari passu with existing equity, ensuring equal rights for all shareholders.
Impact Justification
Routine listing of ESOP shares with relatively small quantities that will have minimal market impact on existing share capital of these companies.