BSE has notified market participants that further new securities issued by 7 companies under Employee Stock Option Plans (ESOP/ESOS) are listed and admitted for trading on the Exchange with effect from Friday, April 24, 2026. None of the newly listed shares are subject to any lock-in period.

Key Points

• 7 companies have had additional ESOP/ESOS shares listed on BSE effective April 24, 2026
• Total new shares across all companies: approximately 367,553 shares
• No lock-in restrictions apply to any of the listed securities
• Notice issued under BSE Notice No. 20260423-16, Category: Company Related, Segment: Equity

Regulatory Changes

No regulatory changes. This is a routine administrative listing of securities already issued to employees under approved ESOP/ESOS schemes.

Compliance Requirements

Market participants are requested to take note of the new ISIN distribution ranges for each company. No additional compliance action is required from investors or brokers beyond updating records to reflect the newly listed shares.

Important Dates

• Notice Date: April 23, 2026
• Effective Trading Date: Friday, April 24, 2026

Impact Assessment

The newly listed ESOP/ESOS shares represent a minor increase in the tradeable float for each of the seven companies. The individual tranches are small relative to total outstanding shares, so price impact is expected to be negligible. Details of shares listed per company:

NSE has notified the listing of further equity shares allotted under Employee Stock Option Plans (ESOP/ESOS) for seven companies: Axis Bank Limited, CG Power and Industrial Solutions Limited, The Federal Bank Limited, Fedbank Financial Services Limited, Rategain Travel Technologies Limited, Tracxn Technologies Limited, and Zim Laboratories Limited. These securities are admitted to dealings on the NSE Capital Market segment effective April 24, 2026, under Regulation 3.1.1 of the NSE Capital Market Trading Regulations Part A.

Key Points

• Seven companies have listed additional equity shares arising from ESOP allotments
• All new shares are pari passu with existing equity shares of the respective companies
• Market lot for all securities is 1 share
• No lock-in applicable on any of the listed ESOP shares
• Security identification codes (symbols) remain unchanged; trading uses existing designated codes
• Lot sizes governed by Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A

Regulatory Changes

No new regulatory changes. This circular is issued in routine compliance with Regulation 3.1.1 (admission of further securities to dealings) and Regulation 2.5.5 (lot sizes) of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

• Members must use the designated security codes and specified lot sizes for trading these securities
• No additional compliance obligations imposed on market participants beyond standard trading rules

Important Dates

• Circular Date: April 23, 2026
• Effective Date: April 24, 2026
• Allotment Dates by Company:
  • Axis Bank Limited: April 21, 2026
  • CG Power and Industrial Solutions Limited: April 17, 2026
  • The Federal Bank Limited: April 20, 2026
  • Fedbank Financial Services Limited: April 15, 2026
  • Rategain Travel Technologies Limited: March 26, 2026
  • Tracxn Technologies Limited: April 14, 2026

Impact Assessment

The impact on the broader market is minimal. ESOP share allotments are routine corporate actions representing employee compensation. The share quantities are small relative to each company’s total outstanding equity:

All newly listed shares rank pari passu with existing shares and carry no lock-in restrictions, meaning they are immediately available for trading from April 24, 2026. Dilution effect is negligible for large-cap companies like Axis Bank and Federal Bank; slightly more notable in proportional terms for mid/small-cap names like Tracxn and Rategain.