Description

NSE notifies listing of equity shares allotted under ESOP schemes for 11 companies including Aether Industries, AU Small Finance Bank, Avalon Technologies, BlueStone, ICICI Lombard, IIFL Capital Services, L&T Finance, One 97 Communications, SIS Limited, Ujjivan Small Finance Bank, and Apollo Micro Systems, effective January 09, 2026.

Summary

The National Stock Exchange has admitted further equity shares to trading on the Capital Market segment for 11 companies. These shares were allotted under Employee Stock Option Plans (ESOP) and will be available for trading with effect from January 09, 2026. The circular specifies security codes, lot sizes, distinctive number ranges, and confirms all shares are pari passu with existing equity shares without lock-in restrictions.

Key Points

  • Effective Date: January 09, 2026
  • Number of Companies: 11 companies covered
  • Type of Issue: ESOP allotments (Employee Stock Option Plans)
  • Market Lot: 1 share for all securities
  • Pari Passu: All shares rank equally with existing equity shares
  • Lock-in: Not applicable for any of the allotments
  • Total Securities Listed: 425,725+ shares across all companies

Company-Wise Details

1. Aether Industries Limited (AETHER)

  • Securities Allotted: 13,498 equity shares
  • Face Value: Rs. 10 per share
  • Allotment Date: January 01, 2026
  • ISIN: INE0BWX01014
  • Distinctive Numbers: 132612819 to 132626316

2. AU Small Finance Bank Limited (AUBANK)

  • Securities Allotted: 248,641 equity shares
  • Face Value: Rs. 10 per share
  • Allotment Date: December 30, 2025
  • ISIN: INE949L01017
  • Distinctive Numbers: 746932078 to 747180718

3. Avalon Technologies Limited (AVALON)

  • Securities Allotted: 24,946 equity shares
  • Face Value: Rs. 2 per share
  • Allotment Date: December 24, 2025
  • ISIN: INE0LCL01028
  • Distinctive Numbers: 66734030 to 66758975

4. BlueStone Jewellery and Lifestyle Limited (BLUESTONE)

  • Securities Allotted: 123,069 equity shares
  • Face Value: Re. 1 per share
  • Allotment Date: January 03, 2026
  • ISIN: INE304W01038
  • Distinctive Numbers: 151320373 to 151443441

5. ICICI Lombard General Insurance Company Limited (ICICIGI)

  • Securities Allotted: 15,571 equity shares
  • Face Value: Rs. 10 per share
  • Allotment Date: January 05, 2026
  • ISIN: INE765G01017
  • Distinctive Numbers: 498044826 to 498060396

6. IIFL Capital Services Limited (IIFLCAPS)

  • ISIN: INE489L01022
  • Series: EQ
  • (Additional details provided in circular annexure)

Other Companies Listed

  • L&T Finance Limited
  • One 97 Communications Limited (Paytm)
  • SIS Limited
  • Ujjivan Small Finance Bank Limited
  • Apollo Micro Systems Limited

Regulatory Framework

  • Regulation 3.1.1: National Stock Exchange (Capital Market) Trading Regulations Part A - governs admission of securities to dealings
  • Regulation 2.5.5: National Stock Exchange (Capital Market) Trading Regulations Part A - governs lot size specifications
  • Securities identified by designated codes for trading purposes
  • Trading in specified lot sizes as per annexure

Compliance Requirements

  • For Trading Members: Update systems to recognize newly listed securities from January 09, 2026
  • Security Identification: Securities to be identified only by designated codes on trading systems
  • Lot Size Compliance: Trading must be conducted in specified market lots (1 share for all securities)
  • No special compliance requirements as these are standard ESOP allotments without restrictions

Important Dates

  • Circular Date: January 08, 2026
  • Effective Date for Trading: January 09, 2026
  • Allotment Dates: Range from December 24, 2025 to January 05, 2026 (varies by company)

Impact Assessment

Market Impact: Minimal. ESOP allotments are routine corporate actions that typically have negligible impact on stock prices or trading volumes. The quantities being listed are relatively small compared to the total issued capital of these companies.

Liquidity Impact: Marginal increase in tradable shares for the listed companies. The largest allotment is 248,641 shares for AU Small Finance Bank, which represents a small fraction of its total equity base.

Trading Impact: No restrictions on trading as there are no lock-in requirements. Shares are immediately available for trading and rank pari passu with existing shares, ensuring no dilution of voting or economic rights.

Investor Impact: ESOP exercises are generally viewed positively as they indicate employee confidence in the company. However, given the small quantities, no significant market reaction is expected.

Impact Justification

Routine listing of ESOP allotments with no lock-in restrictions and relatively small quantities compared to total issued capital. Standard administrative circular with minimal market impact.