Description

NSE circular notifying the listing of equity shares issued under ESOP by AU Small Finance Bank, Federal Bank, ICICI Bank, Ideaforge Technology, Kansai Nerolac Paints, Marico, Paramount Communications, Ramco Systems, and Shriram Finance effective December 19, 2025.

Summary

National Stock Exchange has notified the listing of equity shares allotted under Employee Stock Option Plans (ESOP) by nine companies on the Capital Market segment. The listings are effective from December 19, 2025. The circular covers AU Small Finance Bank Limited, The Federal Bank Limited, ICICI Bank Limited, Ideaforge Technology Limited, Kansai Nerolac Paints Limited, Marico Limited, Paramount Communications Limited, Ramco Systems Limited, and Shriram Finance Limited.

Key Points

  • All listed securities are equity shares allotted under ESOP schemes
  • Market lot size is 1 for all securities
  • All shares are pari passu with existing equity shares
  • No lock-in restrictions apply to any of the listed securities
  • AU Small Finance Bank: 271,991 shares of Rs. 10 face value allotted on December 12, 2025
  • Federal Bank: 99,588 shares of Rs. 2 face value allotted on December 13, 2025
  • ICICI Bank: 76,323 shares of Rs. 2 face value allotted on December 16, 2025
  • Ideaforge Technology: 3,140 shares of Rs. 10 face value allotted on December 9, 2025
  • Kansai Nerolac Paints: 7,922 shares of Re. 1 face value allotted on December 1, 2025
  • Marico: 34,423 shares of Re. 1 face value allotted on December 12, 2025

Regulatory Changes

No regulatory changes introduced. This circular is a routine notification under Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Trading members must use designated security codes for trading these securities
  • Securities must be traded in specified lot sizes as per the annexure
  • All shares are immediately tradeable with no lock-in restrictions

Important Dates

  • Circular Date: December 18, 2025
  • Effective Date for Trading: December 19, 2025
  • Allotment Dates:
    • December 1, 2025: Kansai Nerolac Paints
    • December 9, 2025: Ideaforge Technology
    • December 12, 2025: AU Small Finance Bank, Marico
    • December 13, 2025: Federal Bank
    • December 16, 2025: ICICI Bank

Impact Assessment

Minimal market impact expected. The number of shares being listed represents routine ESOP allotments that are typically small relative to the total outstanding equity of these established companies. The absence of lock-in restrictions allows immediate trading, but the volume is unlikely to significantly affect market liquidity or stock prices. This is a standard administrative listing procedure.

Impact Justification

Routine listing of ESOP allotments with minimal market impact; small number of shares relative to total equity base of these companies