Description

NSE announces listing of further issues of equity shares for nine companies including Arvind Fashions, Borosil Renewables, CreditAccess Grameen, ICICI Bank, Indo Thai Securities, Lloyds Metals, Salasar Techno, Tata Consumer Products, and Ugro Capital, effective January 13, 2026.

Summary

NSE has admitted further issues of securities from nine companies to trading on the Capital Market segment effective January 13, 2026. The listings include equity shares issued under Employee Stock Option Plans (ESOP) and preferential allotments. All securities will trade with market lot of 1 and are pari passu with existing equity shares.

Key Points

  • Arvind Fashions Limited: 25,000 equity shares of Rs. 4/- each allotted under ESOP on January 5, 2026
  • Borosil Renewables Limited: 28,301 equity shares of Re. 1/- each at Rs. 530 issue price under Preferential allotment on October 28, 2025, with lock-in until July 19, 2026
  • CreditAccess Grameen Limited: 23,356 equity shares of Rs. 10/- each allotted under ESOP on January 6, 2026
  • ICICI Bank Limited: 21,490 equity shares of Rs. 2/- each allotted under ESOP on January 8, 2026
  • Indo Thai Securities Limited: 1,750,000 equity shares of Re. 1/- each at Rs. 50 issue price under Preferential allotment on October 31, 2025, with lock-in until August 15, 2026
  • Lloyds Metals and Energy Limited: Equity shares of Re. 1/- each allotted under ESOP
  • Market lot size: 1 share for all securities
  • All shares are pari passu with existing equity shares

Regulatory Changes

No regulatory changes. 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 must use designated security codes for trading these securities
  • Trading must be conducted in specified lot sizes (market lot of 1)
  • Lock-in provisions must be observed:
    • Borosil Renewables: Lock-in until July 19, 2026
    • Indo Thai Securities: Lock-in until August 15, 2026
    • ESOP allotments: No lock-in applicable

Important Dates

  • Circular Date: January 12, 2026
  • Effective Date: January 13, 2026
  • Allotment Dates:
    • Arvind Fashions: January 5, 2026
    • Borosil Renewables: October 28, 2025
    • CreditAccess Grameen: January 6, 2026
    • ICICI Bank: January 8, 2026
    • Indo Thai Securities: October 31, 2025
  • Lock-in Expiry Dates:
    • Borosil Renewables: July 19, 2026
    • Indo Thai Securities: August 15, 2026

Impact Assessment

Market Impact: Minimal. The further issues represent routine additions of shares through ESOP exercises and preferential allotments. The quantities are relatively small compared to existing share capital for most companies.

Liquidity Impact: Negligible increase in tradable float except for Indo Thai Securities (1.75 million shares), though these remain under lock-in until August 2026. ESOP allotments have no lock-in restrictions.

Operational Impact: Standard listing procedures. Trading members need to update their systems with new distinctive number ranges for these securities.

Investor Impact: No material dilution expected. ESOP issuances are typical employee compensation instruments. Preferential allotments are subject to lock-in periods, preventing immediate market sale.

Impact Justification

Routine listing of additional shares issued under ESOP and preferential allotment schemes. Small quantities relative to existing base. Limited immediate market impact.