Description
NSE notifies the listing of further equity shares issued by 14 companies under ESOP schemes, preferential allotments, and warrant conversions, effective December 26, 2025.
Summary
NSE has admitted further equity shares of 14 companies to trading on the Capital Market segment effective December 26, 2025. The securities were issued under Employee Stock Option Plans (ESOP), preferential allotments, and warrant conversions. The circular specifies security codes, lot sizes, allotment details, and lock-in periods where applicable.
Key Points
- 14 companies have issued further equity shares now admitted for trading
- Issuances include ESOP allotments, preferential issues, and warrant conversions
- Effective date: December 26, 2025
- Market lot size: 1 share for all securities
- All securities are pari passu with existing equity shares
- Lock-in periods apply to preferential issues and warrant conversions
Securities Details
ESOP Allotments (No Lock-in)
- Abans Financial Services Limited (AFSL): 9,633 shares of Rs. 2/- each, allotted November 28, 2025
- Dr. Agarwal’s Health Care Limited (AGARWALEYE): 299,122 shares of Re. 1/- each, allotted December 12, 2025
- The Federal Bank Limited (FEDERALBNK): 110,582 shares of Rs. 2/- each, allotted December 22, 2025
Preferential Issues/Warrant Conversions (With Lock-in)
- Apollo Micro Systems Limited (APOLLO): 35,088 shares of Re. 1/- each at Rs. 114 per share, allotted November 12, 2025, lock-in until July 1, 2026
- Foseco India Limited (FOSECOIND): 1,150,800 shares of Rs. 10/- each at Rs. 5,674.12 per share, allotted November 12, 2025, lock-in until June 30, 2026
- Indiabulls Limited (IBULLSLTD): Details partially provided in circular
Other Companies Listed
- Intellect Design Arena Limited (INTELLECT)
- ITC Hotels Limited (ITCHOTELS)
- Kotak Mahindra Bank Limited (KOTAKBANK)
- Laurus Labs Limited (LAURUSLABS)
- Piccadily Agro Industries Limited (PICCADILY)
- Quess Corp Limited (QUESS)
- Rategain Travel Technologies Limited (RATEGAIN)
- Thejo Engineering Limited (THEJO)
Regulatory Changes
No new regulatory changes. This circular implements existing regulations under:
- Regulation 3.1.1 of NSE Capital Market Trading Regulations Part A (admission to dealings)
- Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A (lot sizes)
Compliance Requirements
- Trading members must use designated security codes for identification on the trading system
- Trading must be conducted in specified lot sizes (1 share market lot for all securities)
- Lock-in restrictions must be observed for preferential issues until specified unlock dates
- Securities are pari passu with existing equity shares in all respects
Important Dates
- Circular Date: December 24, 2025
- Effective Date: December 26, 2025
- Lock-in Expiry Dates:
- Apollo Micro Systems: July 1, 2026
- Foseco India: June 30, 2026
Impact Assessment
Market Impact: Low - The further issuances represent small volumes relative to existing paid-up capital for most companies. ESOP allotments typically have negligible immediate market impact.
Liquidity Impact: Minimal - Small number of shares being added to tradeable float, except for locked-in securities which cannot be traded until lock-in expiry.
Investor Impact: Informational - Investors should be aware of increased share capital and potential dilution, though the magnitude is small for most companies. The preferential issues at Apollo Micro Systems (Rs. 114) and Foseco India (Rs. 5,674.12) indicate pricing above par value.
Impact Justification
Routine listing of further equity shares issued under ESOP and preferential basis with minimal market impact due to small volumes relative to existing shareholding.