Description

MANGCHEFER to be excluded from Securities Lending and Borrowing (SLB) segment effective October 31, 2025, due to amalgamation proceedings.

Summary

BSE has announced the exclusion of Mangalore Chemicals & Fertilisers Limited (Scrip Code: 530011, SLB Code: MANGCHEFER) from the Securities Lending and Borrowing (SLB) segment effective October 31, 2025. This action is taken in view of the company’s amalgamation proceedings as notified in earlier exchange notices dated October 27, 2025.

Key Points

  • Security to be excluded: Mangalore Chemicals & Fertilisers Limited (MANGCHEFER)
  • Equity Scrip Code: 530011
  • SLB Code: MANGCHEFER
  • Effective Ex-Date: October 31, 2025
  • No SLB contracts will be available for trading in this security after exclusion
  • Action taken due to amalgamation of the company

Regulatory Changes

The security will be removed from the eligible securities list for Securities Lending and Borrowing transactions. Trading members will no longer be able to create new SLB contracts for MANGCHEFER from the effective date.

Compliance Requirements

  • Trading members must note the exclusion of MANGCHEFER from SLB segment
  • Members should refer to earlier exchange notices (20251027-13 and 20251027-1) regarding the amalgamation
  • No new SLB contracts can be initiated for this security from October 31, 2025
  • Existing positions should be managed accordingly before the exclusion date

Important Dates

  • Notice Date: October 30, 2025
  • Effective Ex-Date: October 31, 2025
  • Reference Notices: 20251027-13 and 20251027-1 (dated October 27, 2025)

Impact Assessment

This exclusion specifically impacts Securities Lending and Borrowing segment participants who have positions or intended positions in MANGCHEFER. The exclusion is a standard procedural step taken during amalgamation proceedings to ensure orderly market operations. Market participants with existing SLB positions in this security need to plan their exit or settlement before the effective date. Regular equity trading remains unaffected by this SLB segment exclusion.

Impact Justification

Impacts SLB segment participants with positions in MANGCHEFER. Medium severity as it affects specific segment only, not equity trading. Related to corporate action (amalgamation).