Description

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

Summary

BSE announces index changes effective November 12, 2025, due to the amalgamation of Allcargo Gati Ltd. (ticker: 532345) into Allcargo Logistics Ltd. (ticker: 532749). Allcargo Gati Ltd. will be removed from multiple BSE indices as part of the Scheme of Arrangement.

Key Points

  • Allcargo Gati Ltd. (532345) is amalgamating into Allcargo Logistics Ltd. (532749)
  • No new stocks will be added to the affected indices
  • Changes apply to four BSE indices: BSE SMALLCAP, BSE ALLCAP, BSE SERVICES, and BSE MIDSMALLCAP
  • Corporate action has been included in the end-of-day corporate action file (*.SDE)
  • Queries should be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes introduced. This is an administrative index reconstitution following a corporate amalgamation scheme.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and passive investment strategies will need to adjust their portfolios to reflect the index composition changes.

Important Dates

  • November 7, 2025: Circular notice date
  • November 12, 2025: Effective date for index changes and amalgamation

Impact Assessment

Market Impact: Low to medium. The removal of Allcargo Gati Ltd. from four BSE indices will require index-tracking funds to rebalance portfolios. Since no replacement stock is being added, the weight distribution among remaining constituents will be adjusted proportionally.

Affected Indices:

  • BSE SMALLCAP
  • BSE ALLCAP
  • BSE SERVICES
  • BSE MIDSMALLCAP

Operational Impact: Passive fund managers and algorithmic trading systems tracking these indices must implement the changes on the effective date. The amalgamation consolidates two logistics entities, potentially creating a stronger combined entity under Allcargo Logistics Ltd.

Impact Justification

Routine index reconstitution due to corporate amalgamation. Impacts index tracking funds and passive investors holding BSE index constituents, but is administrative in nature following a corporate action.