Description

NSE announces listing of additional equity shares for 14 companies including Axis Bank, Kotak Mahindra Bank, CG Power, and others, primarily allotted under ESOP schemes, effective November 03, 2025.

Summary

NSE has notified the listing of further equity shares for 14 companies on the Capital Market segment, effective November 03, 2025. The circular covers additional shares issued by Axis Bank Limited, CG Power and Industrial Solutions Limited, D.B.Corp Limited, Hexaware Technologies Limited, Indo Thai Securities Limited, Kansai Nerolac Paints Limited, Kirloskar Oil Engines Limited, Kotak Mahindra Bank Limited, Lodha Developers Limited, Shah Metacorp Limited, Solara Active Pharma Sciences Limited, Sterlite Technologies Limited, Vardhman Special Steels Limited, and VA Tech Wabag Limited. Most issuances are allotments under Employee Stock Option Plans (ESOP), with one preferential allotment case.

Key Points

  • 14 companies are listing further equity shares on NSE’s Capital Market segment
  • Axis Bank: 188,287 equity shares (Rs. 2 face value) allotted under ESOP on October 29, 2025
  • CG Power: 40,000 equity shares (Rs. 2 face value) allotted under ESOP on October 14, 2025
  • D.B.Corp: 3,200 equity shares (Rs. 10 face value) allotted under ESOP on October 16, 2025
  • Hexaware Technologies: 9,000 equity shares (Re. 1 face value) allotted under ESOP on October 14, 2025
  • Indo Thai Securities: 1,010,000 equity shares (Re. 1 face value, Rs. 50 issue price) allotted pursuant to conversion of warrants on preferential basis on August 29, 2025
  • All shares are pari passu with existing equity shares
  • Market lot size is 1 for all securities
  • Indo Thai Securities has partial lock-in with 510,000 shares having lock-in details specified in Annexure A
  • Circular references NSE Capital Market Trading Regulations Part A, Regulation 3.1.1 and 2.5.5

Regulatory Changes

No regulatory changes introduced. This is a standard notification circular for routine listing of further issues under existing regulations.

Compliance Requirements

  • Trading members should update their systems to reflect the additional securities and designated security codes
  • Securities to be identified by designated codes specified in the annexure
  • Trading to be conducted in specified lot sizes (market lot of 1)
  • Lock-in provisions must be adhered to where applicable (specifically for Indo Thai Securities)

Important Dates

  • Circular Date: October 31, 2025
  • Effective Date for Trading: November 03, 2025
  • Allotment Dates (various companies):
    • Axis Bank: October 29, 2025
    • CG Power: October 14, 2025
    • D.B.Corp: October 16, 2025
    • Hexaware Technologies: October 14, 2025
    • Indo Thai Securities: August 29, 2025 (warrant conversion)

Impact Assessment

Market Impact: Low. The further issuances represent routine ESOP allotments and one preferential allotment, with relatively small quantities compared to the companies’ total outstanding shares. The listing of these additional shares is administrative in nature.

Operational Impact: Minimal. Trading members need to note the updated share capital and distinctive number ranges, but no changes to trading systems or procedures are required beyond standard updates.

Liquidity Impact: Negligible. The additional shares, particularly from ESOP allotments, are unlikely to significantly affect market liquidity or trading volumes. Indo Thai Securities shows the largest absolute increase (1,010,000 shares), but 510,000 shares are subject to lock-in.

Investor Consideration: The further issues are pari passu with existing shares, maintaining equal rights for all shareholders. No dilution concerns for large-cap companies like Axis Bank and Kotak Mahindra Bank given the small relative quantities.

Impact Justification

Routine listing of further issues primarily from ESOP allotments with minimal market impact. Standard administrative circular with small share quantities relative to overall market capitalization.