Description

NSE notifies the listing of further issues of equity shares for four companies effective January 02, 2026, including shares issued under ESOP, preferential allotment, and rights issue.

Summary

NSE has admitted further issues of equity shares of four companies to trading on the Capital Market segment effective January 02, 2026. The listings include ESOP allotments for Dalmia Bharat Limited and Rishabh Instruments Limited, preferential allotment for Himadri Speciality Chemical Limited, and a rights issue for NACL Industries Limited.

Key Points

  • Dalmia Bharat Limited (DALBHARAT): 792 equity shares of Rs. 2/- each allotted under ESOP on December 23, 2025
  • Himadri Speciality Chemical Limited (HSCL): 10,017,200 equity shares of Re. 1/- each allotted on preferential basis at Rs. 316 per share on November 07, 2025
  • NACL Industries Limited (NACLIND): 32,501,851 equity shares of Re. 1/- each allotted under rights issue at Rs. 76.70 per share on December 31, 2025
  • Rishabh Instruments Limited (RISHABH): 6,019 equity shares of Rs. 10/- each allotted under ESOP on December 22, 2025
  • All securities will be pari passu with existing equity shares
  • Market lot size is 1 for all securities

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 for admission to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification

Compliance Requirements

  • Trading members should note the designated security codes and ISIN numbers for trading purposes
  • Securities to be identified only by designated codes on the trading system
  • Trading to be conducted in specified lot sizes (market lot of 1 for all securities)
  • Lock-in requirements applicable for Himadri Speciality Chemical Limited as detailed in Annexure A

Important Dates

  • Circular Date: January 01, 2026
  • Effective Date for Trading: January 02, 2026
  • Allotment Dates:
    • Dalmia Bharat Limited: December 23, 2025
    • Himadri Speciality Chemical Limited: November 07, 2025
    • NACL Industries Limited: December 31, 2025
    • Rishabh Instruments Limited: December 22, 2025
  • Lock-in Expiry for HSCL:
    • 10,000,000 shares: July 16, 2027
    • 17,200 shares: July 16, 2026

Impact Assessment

Minimal market impact expected as these are routine further issues:

  • Small ESOP allotments for Dalmia Bharat (792 shares) and Rishabh Instruments (6,019 shares) represent negligible dilution
  • Himadri Speciality Chemical’s preferential allotment of 10.02 million shares is subject to lock-in periods (majority until July 2027)
  • NACL Industries’ rights issue of 32.5 million shares was subscribed by existing shareholders, maintaining proportional ownership
  • All new shares will be pari passu with existing equity, preserving shareholder rights
  • Temporary ISIN numbers applied per SEBI guidelines until permanent activation

Impact Justification

Routine listing of additional equity shares issued by companies under various schemes with minimal market impact