NSE’s Listing Department (Circular Ref. No. 0754/2026, Download Ref. No. NSE/CML/74135) notifies the admission of further securities to dealings on the Capital Market segment for 12 companies, effective May 11, 2026. The new securities arise primarily from ESOP allotments and one preferential warrant conversion.

Key Points

• Effective date for trading of all newly listed securities: May 11, 2026
• All securities are in the EQ series with market lot of 1
• All issues are pari passu with existing equity shares
• Most allotments are under Employee Stock Option Plans (ESOP) with no lock-in
• Commercial Syn Bags Limited (COMSYN) is the sole preferential/warrant-conversion allotment, carrying a lock-in until November 29, 2027
• IDFC First Bank (IDFCFIRSTB) has the largest issuance at 5,502,631 shares

Regulatory Changes

No new regulatory changes introduced. This 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 size specification

Compliance Requirements

• Members must use designated security codes for all trading in these securities
• Trading must be conducted in the specified lot sizes as per the Annexure
• Lock-in restriction applies to COMSYN shares (INE073V01015) until November 29, 2027 — these shares cannot be traded until lock-in expiry

Important Dates

Note: Full annexure details for Ind-Swift Laboratories and subsequent companies were not included in the available circular extract.

• Circular effective date: May 11, 2026

Impact Assessment

Share dilution: ESOP allotments across 11 companies represent modest incremental dilution for existing shareholders. IDFC First Bank’s addition of ~55 lakh shares is the most notable in absolute terms but is small relative to its large existing capital base.

Lock-in impact (COMSYN): The 3,87,000 shares of Commercial Syn Bags Limited allotted via preferential warrant conversion are locked in until November 29, 2027. This restricts supply from these shares for approximately 18 months, which can affect liquidity and price discovery for this small-cap stock.

Market operations: All securities become eligible for trading from May 11, 2026. No changes to trading mechanisms, circuit filters, or surveillance categories are indicated by this circular. Members should update their systems with the new distinctive number ranges and security codes as specified in the Annexure.