Description
NSE notifies listing of further equity shares issued under ESOP schemes by 12 companies including major banks and financial institutions, effective December 23, 2025.
Summary
NSE has notified the listing of further equity shares issued by 12 companies under their respective Employee Stock Option Plans (ESOP). The securities will be admitted to trading on the Capital Market segment with effect from December 23, 2025. All shares are issued at face value, pari passu with existing equity shares, with no lock-in restrictions.
Key Points
- 12 companies issuing further equity shares under ESOP schemes
- Effective listing date: December 23, 2025
- All shares issued at face value and fully paid-up
- Market lot size: 1 share for all securities
- No lock-in restrictions applicable
- Major issuers include HDFC Bank (2,066,610 shares), Karur Vysya Bank (80,078 shares), and Cartrade Tech (49,175 shares)
- All shares are pari passu with existing equity shares
Companies and Allotment Details
Large Banks & Financial Institutions:
- HDFC Bank Limited: 2,066,610 shares (Re. 1 face value) - Allotted December 18, 2025
- Karur Vysya Bank Limited: 80,078 shares (Rs. 2 face value) - Allotted December 12, 2025
- ICICI Bank Limited: Details in annexure
- SBI Life Insurance Company Limited: Details in annexure
Technology & Other Companies:
- Cartrade Tech Limited: 49,175 shares (Rs. 10 face value) - Allotted December 11, 2025
- E2E Networks Limited: 6,500 shares (Rs. 10 face value) - Allotted December 12, 2025
- NIIT Limited: 15,000 shares (Rs. 2 face value) - Allotted December 11, 2025
- Aurum PropTech Limited: 1,013 shares (Rs. 5 face value) - Allotted October 16, 2025
- Onesource Specialty Pharma Limited: Details in annexure
- Sai Life Sciences Limited: Details in annexure
- Vardhman Textiles Limited: Details in annexure
- Max Estates Limited: Details in annexure
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 - admission of securities to dealings
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A - specification of lot sizes
Compliance Requirements
- Trading members must use designated security codes for identification on trading system
- Trading shall be conducted in specified lot sizes (market lot of 1 share for all listed securities)
- No special compliance requirements as shares are issued under standard ESOP procedures
Important Dates
- Circular Issue Date: December 22, 2025
- Effective Date for Trading: December 23, 2025
- Allotment Dates: Vary by company (October 16, 2025 to December 18, 2025)
Impact Assessment
Market Impact: Minimal. This is a routine administrative notification for ESOP-allotted shares. The quantities being listed are relatively small compared to the outstanding share capital of these companies, particularly for large-cap entities like HDFC Bank and ICICI Bank.
Operational Impact: Negligible operational changes required. Trading members will continue normal operations with updated security codes and distinctive number ranges for record-keeping purposes.
Investor Impact: Neutral. ESOP allotments are standard corporate actions that result in minor dilution but are typically anticipated by the market and already factored into valuations.
Impact Justification
Routine listing of ESOP-allotted shares with minimal market impact; small quantities relative to outstanding shares of listed companies