PIGL - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/tags/pigl/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usMon, 20 Apr 2026 00:00:00 +0000NSE Listing of Further Issues: AFFLE, CARERATING, ICICIBANK, PCJEWELLER, PIGL and Others Effective April 21, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-20-1e10f31c26195650-listing-of-further-issues-of-securities/Mon, 20 Apr 2026 00:00:00 +0530https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-20-1e10f31c26195650-listing-of-further-issues-of-securities/NSE admits further securities of 10 companies to trading on the Capital Market segment effective April 21, 2026, including ESOP allotments and preferential issue conversions.nselistingmediummediummedium1e10f31c26195650https://nsearchives.nseindia.com/content/circulars/CML73817.pdfAFFLECARERATINGICICIBANKPCJEWELLERPIGLRELIANCESPMLTEJASNETTUBEINVESTZOTAlistingfurther-issueesoppreferential-allotmentcapital-marketAFFLECARERATINGICICIBANKPCJEWELLERPIGLRELIANCESPMLTEJASNETTUBEINVESTZOTASummary

NSE issued circular 0654/2026 (Ref: NSE/CML/73817) on April 20, 2026, notifying the admission of further securities of 10 companies to dealings on the NSE Capital Market segment effective April 21, 2026. The allotments include shares issued under Employee Stock Option Plans (ESOP), conversion of warrants through preferential issue, and other preferential allotments.

Key Points

  • Effective date for trading: April 21, 2026
  • 10 companies covered: Affle 3i Limited, CARE Ratings Limited, ICICI Bank Limited, PC Jeweller Limited, Power & Instrumentation (Gujarat) Limited, Reliance Industries Limited, SPML Infra Limited, Tejas Networks Limited, Tube Investments of India Limited, and Zota Health Care Limited
  • Issued under Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A
  • Securities identified by designated codes; trading in specified lot sizes

Security Details

Symbol Company Series ISIN Shares Allotment Date Type
AFFLE Affle 3i Limited EQ INE00WC01027 39,000 10-Apr-2026 ESOP
CARERATING CARE Ratings Limited EQ INE752H01013 1,850 06-Apr-2026 ESOP
ICICIBANK ICICI Bank Limited EQ INE090A01021 30,01,435 17-Apr-2026 ESOP
PCJEWELLER PC Jeweller Limited EQ INE785M01021 10,72,37,000 24-Feb-2026 Warrant Conversion (Preferential)
PIGL Power & Instrumentation (Gujarat) Limited EQ INE557Z01018 6,78,000 31-Jan-2026 Preferential

Lock-in Details

  • PC Jeweller Limited: Lock-in expiry October 23, 2026 (shares allotted at Rs. 5.62 per share via warrant conversion)
  • Power & Instrumentation (Gujarat) Limited: Lock-in expiry October 25, 2027 (shares allotted at Rs. 83.75 per share via preferential issue)
  • All ESOP allotments (AFFLE, CARERATING, ICICIBANK): Not Applicable (no lock-in)

Regulatory Changes

No new regulatory changes introduced. This circular is an administrative notification under existing NSE Capital Market Trading Regulations Part A (Regulations 3.1.1 and 2.5.5) for the routine admission of further issued securities to trading.

Compliance Requirements

  • Trading members must use designated security codes for all transactions in these securities
  • Trading must be conducted in the specified market lot sizes as per the Annexure
  • No additional compliance obligations for members beyond standard trading regulations

Important Dates

  • April 20, 2026: Circular issued
  • April 21, 2026: Effective date — all listed securities admitted to trading
  • October 23, 2026: Lock-in expiry for PC Jeweller (PCJEWELLER) shares
  • October 25, 2027: Lock-in expiry for Power & Instrumentation Gujarat (PIGL) preferential shares

Impact Assessment

ICICI Bank (ICICIBANK): Addition of over 30 lakh ESOP shares (Rs. 2 face value) is relatively minor against its large existing float; negligible dilution impact.

PC Jeweller (PCJEWELLER): 10.72 crore new shares from warrant conversion at Rs. 5.62 represent significant dilution; shares are under lock-in until October 2026, limiting immediate market supply.

Power & Instrumentation Gujarat (PIGL): 6.78 lakh preferential shares at Rs. 83.75 under a long lock-in until October 2027; no near-term float addition.

AFFLE and CARERATING: Small ESOP tranches with negligible market impact.

Overall, this is a routine listing circular with no systemic market impact. The PC Jeweller warrant conversion carries the most notable dilution, though lock-in provisions limit near-term trading supply.

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