Description

Allcargo Gati Ltd will be removed from multiple BSE indices effective November 12, 2025, due to its amalgamation into Allcargo Logistics Ltd.

Summary

BSE has announced changes to multiple indices effective November 12, 2025, due to the amalgamation of Allcargo Gati Ltd (scrip code: 532345) into Allcargo Logistics Ltd (scrip code: 532749). Allcargo Gati Ltd will be removed from BSE SMALLCAP, BSE ALLCAP, BSE SERVICES, and BSE MIDSMALLCAP indices. No new stocks will be added to these indices as part of this change.

Key Points

  • Allcargo Gati Ltd (532345) is amalgamating into Allcargo Logistics Ltd (532749)
  • The amalgamation becomes effective on Wednesday, November 12, 2025
  • Four BSE indices will be affected by this change
  • No additions are being made to any indices, only the removal of Allcargo Gati Ltd
  • Corporate action has been included in the end-of-day corporate action file (*.SDE)
  • Index services queries can be directed to bseindex@bseindia.com

Regulatory Changes

This circular reflects a scheme of arrangement under corporate restructuring regulations. The index changes are administrative in nature to reflect the new corporate structure post-amalgamation.

Compliance Requirements

  • Index fund managers tracking affected indices must rebalance portfolios to remove Allcargo Gati Ltd
  • Market participants should note the corporate action details from the end-of-day file
  • Investors and fund managers need to adjust their holdings and benchmarks accordingly

Important Dates

  • Notice Date: November 7, 2025
  • Effective Date: November 12, 2025 (Wednesday)

Impact Assessment

Affected Indices:

  1. BSE SMALLCAP - Removal of Allcargo Gati Ltd
  2. BSE ALLCAP - Removal of Allcargo Gati Ltd
  3. BSE SERVICES - Removal of Allcargo Gati Ltd
  4. BSE MIDSMALLCAP - Removal of Allcargo Gati Ltd

Market Impact: Medium impact for index fund managers and passive investors tracking these indices. The removal will require rebalancing, potentially affecting trading volumes in the final days before the effective date. Investors in Allcargo Gati Ltd will receive shares of Allcargo Logistics Ltd per the amalgamation terms. The consolidation may lead to improved liquidity in the surviving entity (Allcargo Logistics Ltd).

Impact Justification

Index composition change affecting multiple BSE indices due to corporate amalgamation. Impacts index funds and investors tracking these indices.