Description

NSE announces listing of further equity shares for 13 companies including Berger Paints, BOROSIL Renewables, EFC, Federal Bank, FirstCry, ICICI Bank and others effective January 08, 2026.

Summary

NSE has admitted further equity shares of 13 companies to trading on the Capital Market segment effective January 08, 2026. The shares were issued under various corporate actions including ESOP allotments, preferential issues, and scheme of arrangement. All securities will trade with a market lot of 1 share.

Key Points

  • Berger Paints (I) Limited: 39,060 equity shares allotted under ESOP on December 20, 2025
  • BOROSIL RENEWABLES LIMITED: 6,943,691 equity shares issued under Preferential allotment on October 17, 2025 at Rs. 535 per share (Lock-in until July 15, 2026)
  • EFC (I) Limited: 37,730,000 equity shares of Rs. 2/- each allotted pursuant to Scheme of Arrangement on November 28, 2025
  • The Federal Bank Limited: 112,883 equity shares allotted under ESOP on January 04, 2026
  • Brainbees Solutions Limited (FIRSTCRY): 15,974 equity shares allotted under ESOP on December 24, 2025
  • Additional companies include ICICI Bank, ICICI Prudential Life Insurance, Jamna Auto Industries, Magnum Ventures, Max Healthcare Institute, Sammaan Capital, Venus Pipes & Tubes, and Zensar Technologies
  • All securities identified by designated codes with market lot size of 1 share
  • Shares are pari passu with existing equity shares (except lock-in restrictions where applicable)

Regulatory Changes

No regulatory changes introduced. Circular 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 must use designated security codes for trading these securities
  • Trading shall be conducted in specified market lot sizes (1 share for all listed securities)
  • Lock-in restrictions apply to BOROSIL RENEWABLES LIMITED preferential shares until July 15, 2026

Important Dates

  • Circular Issue Date: January 07, 2026
  • Effective Date: January 08, 2026
  • Allotment Dates: Various dates between October 17, 2025 and January 04, 2026
  • Lock-in Expiry (BOROSIL RENEWABLES): July 15, 2026

Impact Assessment

Market Impact: Low - These are routine further issues representing small percentages of existing equity capital for most companies. The largest addition is EFC (I) Limited with 37.73 million shares from a scheme of arrangement.

Liquidity Impact: Minimal increase in free float for most securities. BOROSIL RENEWABLES preferential shares (6.94 million) are locked-in until July 2026, so no immediate liquidity impact.

Trading Impact: No changes to trading mechanics - all securities trade with standard market lot of 1 share, pari passu with existing shares.

Impact Justification

Routine listing of additional shares from ESOP exercises, preferential issues and corporate actions. Limited market impact as shares are already trading.