Description
BSE announces index changes effective August 25, 2025 due to Udaipur Cement Works amalgamating with JK Lakshmi Cement Ltd.
Summary
BSE announces changes to multiple indices effective August 25, 2025, following the amalgamation of Udaipur Cement Works Limited (ticker: 530131) with JK Lakshmi Cement Ltd (ticker: 500380). The changes involve dropping Udaipur Cement Works from several indices and adding Axiscades Technologies Ltd (ticker: 532395) to specific indices.
Key Points
- Udaipur Cement Works Limited amalgamating with JK Lakshmi Cement Ltd effective August 25, 2025
- Multiple BSE indices affected including SmallCap, AllCap, Commodities, MidSmallCap, BSE 1000, Next 500, and Next 250 Microcap
- Axiscades Technologies Ltd being added to BSE 1000, Next 500, Next 250 Microcap, and BSE 1000 Multicap Equal Size Weighted indices
- Changes included in end-of-day corporate action file (*.SDE)
Regulatory Changes
Scheme of Arrangement resulting in corporate amalgamation requiring index rebalancing to maintain accurate market representation.
Compliance Requirements
- Index tracking funds and ETFs must adjust portfolios to reflect new index composition
- Market participants should note ticker changes for trading and settlement purposes
- Queries regarding index changes should be directed to bseindex@bseindia.com
Important Dates
- August 25, 2025: Effective date for all index changes and amalgamation
- August 20, 2025: Notice publication date
Impact Assessment
Moderate impact on index tracking funds, ETFs, and investment strategies tied to affected BSE indices. The removal of Udaipur Cement Works and addition of Axiscades Technologies will require portfolio rebalancing. Limited market disruption expected as changes are part of standard corporate action procedures.
Impact Justification
Index composition changes affect tracking funds and investment strategies but limited to specific indices