Description

NSE circular notifying the listing of further equity shares issued under ESOP schemes by 15 companies including Archean Chemical Industries, Cyient, ICICI Bank, Indiamart Intermesh, Vedant Fashions, Suzlon Energy, and others, effective December 11, 2025.

Summary

NSE has notified the listing of further equity shares issued by 15 companies under their Employee Stock Option Plans (ESOP). The securities will be admitted to trading on the Capital Market segment effective December 11, 2025. All shares are issued on a pari passu basis with existing equity shares and have no lock-in restrictions. The circular is issued under Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A.

Key Points

  • Archean Chemical Industries (ACI): 30,712 equity shares of Rs. 2/- each allotted on November 14, 2025
  • Cyient Limited (CYIENT): 8,637 equity shares of Rs. 5/- each allotted on December 1, 2025
  • ICICI Bank (ICICIBANK): 503,178 equity shares of Rs. 2/- each allotted on December 9, 2025
  • Indiamart Intermesh (INDIAMART): 55,000 equity shares of Rs. 10/- each allotted on November 26, 2025
  • Vedant Fashions (MANYAVAR): 4,318 equity shares of Re. 1/- each allotted on November 12, 2025
  • Suzlon Energy (SUZLON): Equity shares of Rs. 2/- each allotted under ESOP (details truncated in source)
  • Additional listings for Thejo Engineering, Yes Bank, Embassy Developments, Network People Services Technologies, W S Industries, Le Travenues Technology, Brookfield India Real Estate Trust, and Hubtown Limited
  • All securities have market lot of 1
  • All shares are pari passu with existing equity shares
  • No lock-in period applicable

Regulatory Changes

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

Compliance Requirements

  • Trading members must use designated security codes for identification on the trading system
  • Trading must be conducted in specified lot sizes as per the annexure
  • Effective date for trading: December 11, 2025

Important Dates

  • Circular Date: December 10, 2025
  • Effective Date: December 11, 2025
  • Allotment Dates: Range from November 12, 2025 to December 9, 2025 (varies by company)

Impact Assessment

Market Impact: Minimal. These are routine ESOP allotments with relatively small share counts across multiple companies. The largest allotment is ICICI Bank with 503,178 shares, which represents negligible dilution given the bank’s large equity base.

Liquidity Impact: Negligible impact on overall liquidity for these securities.

Operational Impact: Standard listing process with no special trading restrictions or procedures required.

Investor Impact: Existing shareholders experience minimal dilution. ESOP shares are typically subject to vesting schedules and may not immediately enter the market for trading.

Impact Justification

Routine administrative listing of ESOP allotments. Minor dilution across multiple companies with small share counts. No material impact on trading or market structure.