Description

NSE announces listing of further equity shares issued by eight companies under ESOP, preferential allotment, and rights issue, effective November 13, 2025.

Summary

NSE has notified the listing of further equity shares issued by eight companies on the Capital Market segment effective November 13, 2025. The securities have been issued under various schemes including Employee Stock Option Plans (ESOP), preferential allotment through warrant conversion, and rights issues. The circular provides detailed information including ISIN numbers, distinctive number ranges, face values, and lock-in details for each company.

Key Points

  • Eight companies are listing further equity shares on NSE Capital Market segment
  • Effective date: November 13, 2025
  • Issuances include ESOP allotments, warrant conversions, and rights issues
  • Acme Solar Holdings: 884,023 shares under ESOP (allotted Nov 6, 2025)
  • Black Box Limited: 31,975 shares from warrant conversion (allotted Sep 30, 2025) with lock-in until May 25, 2026
  • Delphi World Money: 5,223,295 shares under rights issue at Rs. 191 per share (allotted Nov 10, 2025)
  • Navin Fluorine International: 8,500 shares under ESOP (allotted Oct 29, 2025)
  • Rossari Biotech: 14,400 shares under ESOP (allotted Oct 15, 2025)
  • S.J.S. Enterprises: shares under ESOP (allotment date not specified in excerpt)
  • Tejas Networks and Wipro: mentioned but details not provided in excerpt
  • All securities are pari passu with existing equity shares
  • Market lot size: 1 for all securities

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under existing NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 for admission to dealings and Regulation 2.5.5 for lot sizes).

Compliance Requirements

  • Members must identify securities by designated codes for trading purposes
  • Trading must be conducted in specified lot sizes (market lot of 1 for all listed securities)
  • Lock-in restrictions apply to Black Box Limited shares until May 25, 2026
  • All other securities have no lock-in restrictions

Important Dates

  • November 12, 2025: Circular issuance date
  • November 13, 2025: Effective date for listing and trading
  • Allotment Dates:
    • Acme Solar: November 6, 2025
    • Delphi World Money: November 10, 2025
    • Navin Fluorine: October 29, 2025
    • Rossari Biotech: October 15, 2025
    • Black Box: September 30, 2025
  • May 25, 2026: Lock-in expiry for Black Box Limited shares

Impact Assessment

Market Impact: Low - These are routine corporate actions involving further issuances that typically represent small percentages of existing share capital. The largest issuance is Delphi World Money with 5.2 million shares from a rights issue.

Liquidity Impact: Minimal incremental impact on liquidity for most stocks as ESOP allotments are relatively small. Delphi World Money may see moderate liquidity increase from the rights issue.

Trading Impact: Securities will be immediately available for trading from November 13, 2025, with no trading restrictions except for Black Box Limited’s lock-in period.

Investor Impact: Existing shareholders are diluted marginally by these issuances. ESOP allotments indicate employee retention initiatives. Black Box’s warrant conversion suggests fulfillment of preferential allotment commitments. Delphi World Money’s rights issue shareholders receive their allotted shares.

Impact Justification

Routine listing of further issues under ESOP and corporate actions with minimal market impact