Description

NSE notifies the listing of further securities issued by 10 companies including ESOP allotments and preferential issues, effective January 29, 2026.

Summary

NSE has approved the listing of further issues of securities for 10 companies on the Capital Market segment, effective January 29, 2026. The circular covers equity shares allotted under Employee Stock Option Plans (ESOP) and preferential issues with specified market lot sizes and lock-in periods where applicable.

Key Points

  • Alivus Life Sciences Limited: 55,000 equity shares of Rs. 2/- each allotted under ESOP on January 21, 2026. No lock-in applicable.
  • Black Box Limited: 71,944 equity shares of Rs. 2/- each issued at Rs. 417/- under Preferential allotment on December 17, 2025. Lock-in expires August 5, 2026.
  • Choice International Limited: 5,800,000 equity shares of Rs. 10/- each issued at Rs. 300/- under Preferential allotment on November 28, 2025. Lock-in periods: 4,000,000 shares until August 1, 2026, and 1,800,000 shares until August 2, 2027.
  • ICICI Lombard General Insurance: 22,656 equity shares of Rs. 10/- each allotted under ESOP on January 22, 2026. No lock-in applicable.
  • Ideaforge Technology Limited: 14,451 equity shares of Rs. 10/- each allotted under ESOP on January 13, 2026. No lock-in applicable.
  • Additional companies mentioned: Oracle Financial Services Software Limited, PC Jeweller Limited, Rishabh Instruments Limited, Viyash Scientific Limited, and Vardhman Special Steels Limited (details in annexure).
  • All securities are pari passu with existing shares and have market lot size of 1.

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification under Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A.

Compliance Requirements

  • Trading members must use designated security codes for trading these securities.
  • Securities must be traded in specified lot sizes as per the annexure.
  • Lock-in periods must be observed for preferential allotments as specified.

Important Dates

  • Effective Date: January 29, 2026
  • Allotment Dates: Various dates between November 28, 2025 and January 22, 2026
  • Lock-in Expiry Dates:
    • Black Box Limited: August 5, 2026
    • Choice International Limited: August 1, 2026 (4M shares) and August 2, 2027 (1.8M shares)

Impact Assessment

Market Impact: Low. These are standard corporate actions involving ESOP allotments and preferential issues. The number of shares being listed represents minor dilution for most companies.

Trading Impact: Minimal. The securities will trade with market lot size of 1, maintaining standard trading parameters.

Investor Impact: ESOP allotments have no lock-in, allowing immediate tradability. Preferential issues have standard lock-in periods to prevent immediate selling pressure. Choice International’s large preferential issue (5.8M shares) has staggered lock-in expiry to manage supply.

Impact Justification

Routine administrative listing of further securities issued under ESOP and preferential allotments. Minor dilution impact on existing shareholders with most issues having standard lock-in periods.