Description

NSE notifies listing of equity shares allotted under ESOP schemes by 14 companies including BOROSIL RENEWABLES, CG Power, Coromandel International, and others, effective December 18, 2025.

Summary

NSE has notified the listing of further equity shares issued by 14 companies under their Employee Stock Option Plans (ESOP). The securities will be admitted to trading on the Capital Market segment with effect from December 18, 2025. All shares are listed with a market lot of 1 and are pari passu with existing shares, with no lock-in applicable.

Key Points

  • 14 companies have allotted equity shares under ESOP schemes
  • Total securities listed vary by company, ranging from 5,412 shares (BOROSIL RENEWABLES) to 134,968 shares (DEE Development Engineers)
  • All shares are pari passu with existing equity shares
  • Market lot size is 1 for all securities
  • No lock-in period applicable for any of the listed securities
  • Allotment dates range from September 30, 2025 to December 12, 2025

Companies Covered

  1. BOROSIL RENEWABLES LIMITED (BORORENEW): 5,412 shares of Re. 1/- each, allotted Sep 30, 2025
  2. CG Power and Industrial Solutions Limited (CGPOWER): 40,000 shares of Rs. 2/- each, allotted Dec 11, 2025
  3. Coromandel International Limited (COROMANDEL): 74,300 shares of Re. 1/- each, allotted Dec 8, 2025
  4. DEE Development Engineers Limited (DEEDEV): 134,968 shares of Rs. 10/- each, allotted Oct 29, 2025
  5. ICICI Lombard General Insurance Company Limited (ICICIGI): 28,523 shares of Rs. 10/- each, allotted Dec 12, 2025
  6. ICICI Prudential Life Insurance Company Limited (ICICIPRULI): Details partially provided
  7. IDFC First Bank Limited (IDFCFIRSTB)
  8. Jagsonpal Pharmaceuticals Limited (JAGSNPHARM)
  9. Nippon Life India Asset Management Limited (NAM-INDIA)
  10. Polycab India Limited (POLYCAB)
  11. Refex Industries Limited (REFEX)
  12. SBFC Finance Limited (SBFC)
  13. Sequent Scientific Limited (SEQUENT)
  14. VA Tech Wabag Limited (VATECHWADAG)

Regulatory Framework

  • Issued under Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
  • Lot size specifications per Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
  • Securities identified by designated ISIN codes for trading purposes

Important Dates

  • Circular Date: December 17, 2025
  • Effective Date: December 18, 2025
  • Allotment Dates: Range from September 30, 2025 to December 12, 2025 (varies by company)

Impact Assessment

This is a routine administrative circular with minimal market impact. The listing of ESOP-allotted shares represents small quantities relative to the total outstanding shares of these established companies. The immediate tradability (no lock-in) may result in minor supply increases, but given the small volumes involved, no significant price impact is expected. This reflects normal course of business for employee compensation programs.

Impact Justification

Routine administrative listing of ESOP-allotted shares with minimal market impact due to small quantities relative to total outstanding shares