Description

NSE announces listing of further equity shares issued under ESOP schemes by 13 companies including 360 ONE WAM, Cholamandalam Finance, MphasiS, and others, effective December 04, 2025.

Summary

NSE has approved the listing of further equity shares issued by 13 companies under their Employee Stock Option Plans (ESOP). The securities will be admitted to trading on the Capital Market segment with effect from December 04, 2025. All shares are issued pari passu with existing equity shares and have no lock-in restrictions.

Key Points

  • 360 ONE WAM LIMITED: 87,391 equity shares of Re. 1/- each allotted on November 24, 2025
  • Cholamandalam Investment and Finance Company Limited: 123,440 equity shares of Rs. 2/- each allotted on November 20, 2025
  • LLOYDS ENGINEERING WORKS LIMITED: 105,784 equity shares of Re. 1/- each allotted on November 07, 2025
  • MphasiS Limited: 102,556 equity shares of Rs. 10/- each allotted on November 26, 2025
  • NACL Industries Limited: 86,667 equity shares of Re. 1/- each allotted on October 24, 2025
  • PC Jeweller Limited: Details provided in annexure
  • Additional companies: Prime Focus Limited, PTC Industries Limited, Repro India Limited, S Chand And Company Limited, Vintage Coffee And Beverages Limited, Vishal Mega Mart Limited, and Zaggle Prepaid Ocean Services Limited
  • All shares issued under ESOP schemes
  • Market lot size: 1 share for all securities
  • No lock-in period applicable
  • All shares rank pari passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This circular is issued in pursuance of existing regulations:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A

Compliance Requirements

  • Trading members should note the new securities codes and ISIN numbers for the listed shares
  • Securities will be identified by designated codes on the trading system
  • Trading shall be conducted in the specified lot sizes (market lot of 1 share)
  • All shares are fungible with existing shares of the respective companies

Important Dates

  • Circular Issue Date: December 03, 2025
  • Effective Date for Trading: December 04, 2025
  • Allotment Dates: Various dates between October 24, 2025 and November 26, 2025 (company-specific)

Impact Assessment

Market Impact: Minimal. These are routine ESOP allotments representing small quantities relative to the total issued capital of the companies. The absence of lock-in restrictions means shares can be traded immediately, but given the small volumes, significant price impact is unlikely.

Liquidity Impact: Negligible increase in tradable float for each security.

Investor Impact: Existing shareholders face minimal dilution. All new shares carry equal rights with existing equity shares (pari passu status).

Operational Impact: Trading members need to update their systems to recognize the new distinctive number ranges for each security.

Impact Justification

Routine ESOP share listings with small quantities relative to total shares outstanding. No lock-in restrictions. Minimal market impact expected.