Description

BSE announces index changes due to amalgamation of Udaipur Cement Works with JK Lakshmi Cement effective August 25, 2025.

Summary

BSE announces changes to multiple indices effective August 25, 2025, due to the amalgamation of Udaipur Cement Works Limited (530131) with JK Lakshmi Cement Ltd. (500380). The changes involve dropping Udaipur Cement from various indices and adding Axiscades Technologies Ltd. (532395) to several indices as replacement.

Key Points

  • Udaipur Cement Works Limited amalgamating with JK Lakshmi Cement Ltd
  • Effective date: Monday, August 25, 2025
  • Multiple BSE indices affected including SmallCap, AllCap, Commodities, and others
  • Axiscades Technologies Ltd. added to replace Udaipur Cement in select indices
  • Changes included in end-of-day corporate action file (*.SDE)

Index Changes

Indices dropping Udaipur Cement Works (530131):

  • BSE SmallCap
  • BSE AllCap
  • BSE Commodities
  • BSE MidSmallCap
  • BSE 1000
  • BSE Next 500
  • BSE Next 250 Microcap
  • BSE 1000 Multicap Equal Size Weighted (25%)

Indices adding Axiscades Technologies (532395):

  • BSE 1000
  • BSE Next 500
  • BSE Next 250 Microcap
  • BSE 1000 Multicap Equal Size Weighted (25%)

Important Dates

  • August 25, 2025: Effective date for all index changes
  • August 20, 2025: Notice date and inclusion in corporate action file

Impact Assessment

The index changes will affect index-tracking funds and ETFs that follow these BSE indices. Investors and fund managers tracking these indices should adjust their portfolios accordingly. The amalgamation represents corporate restructuring in the cement sector, with potential impacts on sector representation in various indices.

Impact Justification

Index composition changes affect tracking funds and investors but limited to specific indices