Description
NSE notifies the listing of further equity shares issued by nine companies including Aditya Birla Sun Life AMC, Artemis Medicare, Associated Alcohols, Axis Bank, CARE Ratings, ICICI Bank, Karnataka Bank, Sequent Scientific, and Tirupati Forge, effective October 29, 2025.
Summary
National Stock Exchange of India has notified the listing of further equity shares issued by nine companies on the Capital Market segment, effective from October 29, 2025. The shares have been issued through various mechanisms including Employee Stock Option Plans (ESOP) and conversion of warrants on preferential basis. The circular specifies security codes, ISIN numbers, face values, allotment details, and lock-in requirements for each company.
Key Points
- Nine companies admitted for further securities listing on NSE Capital Market segment
- Effective date: October 29, 2025
- All securities tradeable in market lot of 1 share
- Most issues are ESOP allotments with no lock-in requirements
- Associated Alcohols issued 900,000 shares via warrant conversion with lock-in until May 31, 2027
- Total securities across companies: ABSLAMC (16,824), Artemis Medicare (306,000), Associated Alcohols (900,000), Axis Bank (34,099), CARE Ratings (12,100), and others
Regulatory Changes
No regulatory changes introduced. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A, specifically Regulation 3.1.1 (admission of securities) and Regulation 2.5.5 (lot sizes).
Compliance Requirements
- Trading members must use designated security codes specified in the annexure for system identification
- Trading must be conducted in specified lot sizes (market lot of 1 for all listed securities)
- Lock-in restrictions must be observed: Associated Alcohols shares locked-in until May 31, 2027; all ESOP allotments have no lock-in
Important Dates
- Circular Issue Date: October 28, 2025
- Effective Date: October 29, 2025
- Allotment Dates:
- Aditya Birla Sun Life AMC: October 17, 2025
- Artemis Medicare: October 17, 2025
- Associated Alcohols: September 4, 2025
- Axis Bank: October 23, 2025
- CARE Ratings: October 8, 2025
- Lock-in Expiry: May 31, 2027 (Associated Alcohols only)
Impact Assessment
Market Impact: Low. The further issues represent incremental additions to existing share capital through routine corporate actions (ESOP exercises and warrant conversions). The quantum of shares is relatively small compared to the existing market capitalization of these companies, particularly for large banks like Axis Bank (34,099 shares) and ICICI Bank.
Operational Impact: Minimal. Trading members need to note the new distinctive number ranges for record-keeping purposes but no changes to trading mechanisms or systems are required.
Liquidity Impact: Negligible increase in free float, except for Associated Alcohols where 900,000 shares remain locked until 2027, temporarily reducing available supply.
Impact Justification
Routine listing of further issues through ESOP allotments and warrant conversions; minimal market impact due to small quantum of shares relative to existing capital