Description

NSE announces listing of further equity shares issued by 18 companies under ESOP, preferential allotment, and conversion of debentures, effective November 26, 2025.

Summary

NSE has announced the listing of further equity shares for 18 companies effective November 26, 2025. The shares were issued under various schemes including Employee Stock Option Plans (ESOP), preferential allotment, and conversion of compulsorily convertible debentures. All securities will trade with a market lot size of 1 and are pari passu with existing equity shares.

Key Points

  • Aadhar Housing Finance Limited (AADHARHFC): 449,499 equity shares under ESOP allotted on November 21, 2025
  • Aether Industries Limited (AETHER): 22,577 equity shares under ESOP allotted on November 20, 2025
  • Cholamandalam Investment and Finance Company Limited (CHOLAFIN): 2,242,436 equity shares from conversion of CCDs on October 8, 2025 at Rs. 1,369.05
  • DCB Bank Limited (DCBBANK): 6,058,394 equity shares issued on preferential basis on October 10, 2025 at Rs. 137, with lock-in until October 9, 2030
  • DJ Mediaprint & Logistics Limited (DJML): Equity shares under preferential allotment at Rs. 114
  • Additional 13 companies: Edelweiss Financial Services, Fedbank Financial Services, Godrej Consumer Products, ICICI Bank, IDFC First Bank, Karur Vysya Bank, Lodha Developers, Marico, NIIT Learning Systems, Sula Vineyards, Tata Consumer Products, TD Power Systems, and Yes Bank
  • All securities designated with ISIN codes and distinctive number ranges
  • Market lot size of 1 for all listed securities

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under Regulation 3.1.1 and 2.5.5 of NSE (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Trading members should update their systems to recognize the new security codes and ISIN numbers
  • Securities to be identified by designated codes for trading purposes
  • Trading to be conducted in specified lot sizes (market lot of 1)
  • DCB Bank shares subject to lock-in period until October 9, 2030

Important Dates

  • Effective Date: November 26, 2025
  • Various Allotment Dates: October 8, 2025 to November 21, 2025 (company-specific)
  • Lock-in Expiry (DCB Bank): October 9, 2030

Impact Assessment

Market Impact: Minimal. This is a routine administrative listing of further equity shares from corporate actions. The shares are already issued and this circular merely enables their trading on NSE.

Liquidity Impact: Marginal increase in float for the 18 companies. The additional shares will add to tradable volumes, though the quantum varies significantly by company (from 22,577 shares for Aether Industries to 6,058,394 shares for DCB Bank).

Investor Impact: Existing shareholders unaffected as new shares are pari passu. ESOP beneficiaries and preferential allottees can now trade their holdings (subject to lock-in where applicable).

Impact Justification

Routine listing of further equity shares under ESOP and corporate actions for 18 companies. No material trading or regulatory changes, minimal market impact.