Description

NSE notifies listing of further issued securities for 18 companies including Wipro, Tech Mahindra, IIFL Finance, and others, effective March 25, 2026.

Summary

NSE has notified the listing of further issued securities for 18 companies on the Capital Market segment, effective March 25, 2026. The securities are being admitted to dealings pursuant to Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A. The issuances predominantly relate to ESOP allotments, with at least one case (Black Box Limited) involving conversion of warrants on a preferential basis.

Key Points

  • 18 companies have new securities listed effective March 25, 2026
  • Securities are identified by designated codes and traded in specified lot sizes per Regulation 2.5.5
  • Most issuances are ESOP allotments; Black Box Limited (BBOX) issued shares via warrant conversion on preferential basis
  • Black Box Limited shares carry a lock-in expiry date of September 29, 2026
  • All other issuances are marked “Lock-in: Not Applicable” (free to trade immediately)
  • Market lot size is 1 for all listed securities; all are pari passu with existing shares

Regulatory Changes

No new regulatory changes. The circular is issued in routine pursuance of:

  • Regulation 3.1.1 — admission of securities to dealings
  • Regulation 2.5.5 — lot size specification

Compliance Requirements

  • Members must use designated security codes for trading in these securities
  • Trading must be conducted in the specified lot sizes as per the Annexure
  • Members should note the lock-in restriction on Black Box Limited (BBOX) shares until September 29, 2026

Important Dates

  • Effective Date: March 25, 2026 (all newly listed securities available for trading)
  • Black Box Limited Lock-in Expiry: September 29, 2026
  • Allotment Dates by Company:
    • Aditya Birla Sun Life AMC (ABSLAMC): March 17, 2026 — 20,568 shares (ESOP)
    • Bajel Projects (BAJEL): March 17, 2026 — 10,625 shares (ESOP)
    • Black Box Limited (BBOX): February 11, 2026 — 8,179 shares (warrant conversion @ ₹417)
    • Cartrade Tech (CARTRADE): March 13, 2026 — 35,100 shares (ESOP)
    • Clean Science and Technology (CLEAN): March 17, 2026 — 800 shares (ESOP)

Impact Assessment

This is a routine administrative circular with low systemic risk. The addition of shares from ESOP allotments represents a modest increase in the float of large-cap and mid-cap companies. The Black Box Limited warrant conversion at ₹417 per share with a lock-in until September 2026 warrants monitoring as the lock-in expiry approaches. No significant market disruption is expected from any individual issuance given the relatively small share counts involved.

Impact Justification

Routine further issue listing circular affecting 18 companies; includes both ESOP allotments and warrant conversions. Increases tradable float for affected stocks. No regulatory changes or compliance obligations imposed on members beyond awareness.