Description
NSE announces listing of further equity shares for 10 companies including Axis Bank, BSE, Dixon Technologies, Embassy Developments, HDFC AMC, ITC Hotels, Kfin Technologies, Polycab India, Restaurant Brands Asia, and R Systems International, effective November 24, 2025.
Summary
NSE has notified the listing of further equity shares for 10 companies in the Capital Market segment, effective November 24, 2025. The securities include shares allotted under ESOP schemes, abeyance allotments, and preferential warrant conversions. All securities will trade with a market lot of 1 and are pari passu with existing shares, with lock-in provisions applicable only to Embassy Developments Limited.
Key Points
- Axis Bank Limited (AXISBANK): 164,286 equity shares of Rs. 2/- each allotted under ESOP on November 18, 2025
- BSE Limited (BSE): 585,000 equity shares of Rs. 2/- each allotted under Abeyance on November 17, 2025
- Dixon Technologies (India) Limited (DIXON): 125,120 equity shares of Rs. 2/- each allotted under ESOP on November 18, 2025
- Embassy Developments Limited (EMBDL): 10,446,067 equity shares of Rs. 2/- each at Rs. 111.51 issue price, allotted pursuant to conversion of preferential warrants on October 13, 2025
- HDFC Asset Management Company Limited (HDFCAMC): 7,531 equity shares of Rs. 5/- each allotted under ESOP on November 12, 2025
- All securities are pari passu with existing equity shares
- Market lot size is 1 for all securities
- Lock-in applicable only to Embassy Developments Limited shares
Regulatory Changes
No regulatory changes. This is a routine notification under Regulation 3.1.1 and 2.5.5 of NSE (Capital Market) Trading Regulations Part A for admission of further securities to dealings.
Compliance Requirements
- Trading members must use designated security codes for trading on the system
- Trading shall be in the specified lot sizes (market lot of 1 for all securities)
- Lock-in restrictions must be observed for Embassy Developments Limited as per Annexure A
Important Dates
- Effective Date: November 24, 2025 - Securities admitted to trading
- Allotment Dates: Varied by company (October 13, 2025 to November 18, 2025)
- Lock-in Expiry for Embassy Developments:
- 850,000 shares (DN 1544370204-1545220203): May 23, 2026
- 8,096,067 shares (DN 1545220204-1553316270): May 23, 2027
- 1,500,000 shares (DN 1553316271-1554816270): May 23, 2026
Impact Assessment
Market Impact: Minimal. These are routine further issue listings representing small percentages of existing share capital for each company. ESOP allotments are expected corporate actions that are typically factored into dilution calculations.
Liquidity Impact: Negligible increase in tradable float for most companies. Embassy Developments has the largest addition (10.4 million shares) but with significant lock-in periods reducing immediate tradable supply.
Investor Impact: No immediate impact on existing shareholders. Shares are pari passu with existing equity, maintaining uniform rights across all equity holders.
Impact Justification
Routine listing of further issues under ESOP and other schemes. No material market impact expected. Small number of shares relative to existing base for each company.