Description

Mangalore Chemicals & Fertilisers Limited will be excluded from the Securities Lending and Borrowing (SLB) segment effective October 31, 2025, due to amalgamation.

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 follows the company’s amalgamation as notified in exchange notices 20251027-13 and 20251027-1. No SLB contracts will be available for trading in this security after the effective date.

Key Points

  • Mangalore Chemicals & Fertilisers Limited (MANGCHEFER) to be excluded from SLB segment
  • Scrip Code: 530011, SLB Code: MANGCHEFER
  • Exclusion linked to amalgamation of the company
  • No SLB contracts will be available for trading post-exclusion
  • Trading members must refer to notices 20251027-13 and 20251027-1 for amalgamation details

Regulatory Changes

The security MANGCHEFER will no longer be eligible for trading in the Securities Lending and Borrowing segment. This is a permanent exclusion resulting from corporate restructuring through amalgamation.

Compliance Requirements

  • Trading members must note the exclusion of MANGCHEFER from SLB segment
  • Members should ensure no new SLB contracts are created for this security
  • Existing positions, if any, should be managed according to standard SLB settlement procedures before the ex-date

Important Dates

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

Impact Assessment

Market Impact: Limited to participants in the SLB segment who hold or trade MANGCHEFER securities. The exclusion affects the availability of securities lending and borrowing facilities for this specific stock.

Operational Impact: Trading members must update their systems to reflect the exclusion and ensure no new SLB transactions are initiated for MANGCHEFER effective October 31, 2025. This is part of standard procedures following corporate actions such as amalgamations.

Investor Impact: Investors using SLB facilities for MANGCHEFER will need to close or roll over positions before the ex-date. The underlying equity trading remains unaffected by this SLB exclusion.

Impact Justification

Affects SLB trading participants holding positions in MANGCHEFER. Medium impact as it relates to specific segment exclusion due to corporate action, with clear ex-date notice provided.