Description

NSE announces listing of equity shares allotted under ESOP schemes for AXISCADES Technologies, Balrampur Chini Mills, HDFC Life Insurance, ICICI Lombard General Insurance, Jubilant Agri and Consumer Products, Nuvama Wealth Management, PC Jeweller, Pearl Global Industries, PB Fintech, Refex Industries, The South Indian Bank, VIP Industries and Kshitij Polyline.

Summary

NSE has notified the listing of further equity shares issued by 13 companies under their respective Employee Stock Option Plans (ESOP). The shares will be admitted to trading on the Capital Market segment with effect from November 17, 2025. All newly listed shares will be pari passu with existing equity shares and will have market lot size of 1 share.

Key Points

  • 13 companies listing further equity shares under ESOP schemes
  • AXISCADES Technologies Limited: 18,936 equity shares of Rs. 5/- each, allotted on November 6, 2025
  • Balrampur Chini Mills Limited: 6,478 equity shares of Re. 1/- each, allotted on November 11, 2025
  • HDFC Life Insurance Company Limited: 759,628 equity shares of Rs. 10/- each, allotted on November 12, 2025
  • ICICI Lombard General Insurance Company Limited: 41,923 equity shares of Rs. 10/- each, allotted on November 12, 2025
  • Jubilant Agri and Consumer Products Limited: 37,593 equity shares of Rs. 10/- each, allotted on October 13, 2025 (with lock-in as per Annexure A)
  • All shares are pari passu with existing equity shares
  • Market lot size: 1 share for all securities
  • Lock-in details: Not applicable for most securities except Jubilant Agri (as per Annexure A)
  • Circular references additional companies: Nuvama Wealth Management, PC Jeweller, Pearl Global Industries, PB Fintech, Refex Industries, The South Indian Bank, VIP Industries, and Kshitij Polyline (details not provided in excerpt)

Regulatory Changes

No regulatory changes. This is a routine administrative notification under Regulation 3.1.1 and 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Trading members must use designated security codes for identification
  • Trading must be conducted in specified lot sizes (1 share for all listed securities)
  • Lock-in provisions apply as specified for individual securities (notably Jubilant Agri shares have specific lock-in terms per Annexure A)

Important Dates

  • Circular Date: November 14, 2025
  • Effective Date for Trading: November 17, 2025
  • Allotment Dates:
    • AXISCADES: November 6, 2025
    • Balrampur Chini: November 11, 2025
    • HDFC Life: November 12, 2025
    • ICICI Lombard: November 12, 2025
    • Jubilant Agri: October 13, 2025

Impact Assessment

Market Impact: Minimal. The number of shares being listed represents routine ESOP allotments that are typically small relative to the total outstanding shares of each company. The largest allotment is HDFC Life with 759,628 shares, which is negligible compared to its total share capital.

Operational Impact: No operational changes for trading members. Standard trading procedures apply with market lot size of 1 share.

Investor Impact: Existing shareholders will see minor dilution from these ESOP allotments. All new shares carry equal rights (pari passu) with existing shares.

Liquidity Impact: Negligible increase in available float for trading purposes.

Impact Justification

Routine administrative listing of ESOP allotments with minimal market impact due to small share quantities relative to total outstanding shares