Description
BSE announces index changes due to Udaipur Cement Works Limited amalgamating with JK Lakshmi Cement Ltd, 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 include dropping Udaipur Cement Works from 7 indices and adding Axiscades Technologies Ltd. (532395) to 4 indices.
Key Points
- Udaipur Cement Works Limited amalgamating with JK Lakshmi Cement Ltd
- Changes affect 7 BSE indices total
- Axiscades Technologies Ltd. will be added to 4 indices
- All changes included in end-of-day corporate action file (*.SDE)
- Queries can be directed to bseindex@bseindia.com
Index Changes
Stocks Being Dropped:
- Udaipur Cement Works Ltd. (530131) from: BSE SmallCap, BSE AllCap, BSE Commodities, BSE MidSmallCap, BSE 1000, BSE Next 500, BSE Next 250 Microcap, BSE 1000 Multicap Equal Size Weighted (25%)
Stocks Being Added:
- Axiscades Technologies Ltd. (532395) to: BSE 1000, BSE Next 500, BSE Next 250 Microcap, BSE 1000 Multicap Equal Size Weighted (25%)
Important Dates
- Effective Date: Monday, August 25, 2025
- Notice Date: August 20, 2025
Impact Assessment
The amalgamation will result in the removal of Udaipur Cement Works from multiple BSE indices, potentially affecting index fund portfolios and passive investment strategies tracking these indices. The addition of Axiscades Technologies to four indices provides replacement market capitalization and maintains index composition balance.
Impact Justification
Affects multiple BSE indices and involves corporate restructuring with specific stock additions/deletions