Description

NSE lists additional equity shares of 12 companies issued under ESOP schemes, effective December 02, 2025, including Aditya Birla Capital, Ather Energy, Axis Bank, and HDFC Bank among others.

Summary

NSE has approved the listing of further equity shares issued by 12 companies under their Employee Stock Option Plan (ESOP) schemes. The securities will be admitted to dealings on the Capital Market segment with effect from December 02, 2025. All shares are issued on a pari passu basis with existing equity shares and have no lock-in restrictions.

Key Points

  • Aditya Birla Capital Limited (ABCAPITAL): 1,271,473 equity shares of Rs. 10/- each allotted on Nov 24, 2025 (ISIN: INE674K01013)
  • Ather Energy Limited (ATHERENERG): 769,375 equity shares of Re. 1/- each allotted on Nov 25, 2025 (ISIN: INE0LEZ01016)
  • Axis Bank Limited (AXISBANK): 161,807 equity shares of Rs. 2/- each allotted on Nov 25, 2025 (ISIN: INE238A01034)
  • AXISCADES Technologies Limited (AXISCADES): 800 equity shares of Rs. 5/- each allotted on Nov 20, 2025 (ISIN: INE555B01013)
  • DCB Bank Limited (DCBBANK): 497,170 equity shares of Rs. 10/- each allotted on Oct 06, 2025 (ISIN: INE503A01015)
  • HDFC Bank Limited (HDFCBANK): 2,732,374 equity shares of Re. 1/- each allotted on Nov 27, 2025 (ISIN: INE040A01034)
  • Additional companies: JM Financial Limited, Motilal Oswal Financial Services Limited, PB Fintech Limited, Ram Ratna Wires Limited, Vimta Labs Limited, and Entero Healthcare Solutions Limited
  • All securities have market lot size of 1
  • Trading to be conducted using designated security codes
  • No lock-in period applicable for any of the listed securities

Regulatory Changes

No regulatory changes. This is a routine listing notification under existing regulations.

Compliance Requirements

  • Trading members must use designated security codes for trading these securities
  • Securities to be traded in specified lot sizes as per annexure
  • Effective date for trading: December 02, 2025
  • Issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A

Important Dates

  • Circular Date: December 01, 2025
  • Effective Trading Date: December 02, 2025
  • Allotment Dates: Range from October 06, 2025 to November 27, 2025 (varies by company)

Impact Assessment

Market Impact: Minimal. This is a routine administrative listing of ESOP shares that increases the free float marginally for each company. The share quantities are relatively small compared to total outstanding shares of these large-cap and mid-cap companies.

Investor Impact: Neutral. Existing shareholders experience minor dilution, but these are pre-disclosed ESOP allotments. No price impact expected as ESOP issuances are standard corporate actions.

Trading Impact: No impact on trading operations. Securities will trade normally with market lot of 1 share, consistent with existing practices for these scrips.

Impact Justification

Routine administrative listing of ESOP shares with no material impact on market operations or trading rules. This is standard corporate action with minimal market-wide significance.