Description

NSE notifies listing of further issued securities for 16 companies including HDFC Bank, ICICI Bank, Yes Bank, and others, effective March 19, 2026.

Summary

NSE has notified the listing of further issued securities for 16 companies on the Capital Market segment, effective March 19, 2026. The newly listed shares arise from ESOP allotments and preferential allotments across these companies. Each security is assigned a designated code and lot size as specified in the Annexure to Circular Ref. No. 0472/2026 (Download Ref: NSE/CML/73361).

Key Points

  • Securities of 16 companies admitted to dealings on NSE Capital Market segment from March 19, 2026
  • Includes both ESOP allotments and preferential allotments
  • Apollo Micro Systems (APOLLO) has two separate allotment tranches under Preferential issue: Dec 2, 2025 (2,889,044 shares) and Dec 22, 2025 (11,696 shares), both with a lock-in until September 19, 2026
  • All other allotments (ESOP-based) have no lock-in period
  • Trading shall use designated security codes; lot size is 1 for all listed securities
  • All newly issued shares are pari passu with existing equity shares

Regulatory Changes

No new regulatory changes introduced. Circular is issued in pursuance of:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — lot sizes for admitted securities

Compliance Requirements

  • Trading members must use designated security codes for all transactions in these securities
  • Trading must be conducted in the specified lot sizes (1 share per lot for all securities)
  • Apollo Micro Systems preferential allotment shares (both tranches) are under lock-in until September 19, 2026 and cannot be traded until that date

Important Dates

  • Effective Date: March 19, 2026 — all securities admitted to dealings on NSE
  • ABFRL ESOP Allotment Date: March 3, 2026 (12,140 shares)
  • APOLLO Preferential Allotment Date 1: December 2, 2025 (2,889,044 shares; lock-in until September 19, 2026)
  • APOLLO Preferential Allotment Date 2: December 22, 2025 (11,696 shares; lock-in until September 19, 2026)
  • AVALON ESOP Allotment Date: March 12, 2026 (7,188 shares)
  • CARERATING ESOP Allotment Date: March 6, 2026 (1,650 shares)
  • Additional allotment dates for remaining 11 companies available in the full Annexure

Impact Assessment

This is a routine listing circular with minimal market impact. The share additions from ESOP allotments are small relative to each company’s total outstanding capital and represent standard employee compensation plan exercises. The Apollo Micro Systems preferential allotment is larger (approximately 2.9 million shares) but remains under lock-in until September 2026, limiting immediate tradeable float impact. No material price or liquidity effects are anticipated for any of the listed companies.

Impact Justification

Routine administrative listing circular for further issues (ESOP allotments and preferential allotments) across 16 companies. No regulatory changes or compliance obligations for existing shareholders; incremental share count additions with no material market impact expected.