Description

BSE announces the addition of four newly listed companies to various indices: EMMVEE and PHYSICSWALLAH to BSE IPO index, WORKMATES and MAHAMAYA to BSE SME IPO index.

Summary

BSE announces the addition of four newly listed companies to its indices. EMMVEE PHOTOVOLTAIC POWER LIMITED and PHYSICSWALLAH LIMITED will be added to the BSE IPO index effective November 20, 2025. WORKMATES CORE2CLOUD SOLUTION LIMITED and MAHAMAYA LIFESCIENCES LIMITED will be added to the BSE SME IPO index effective November 19, 2025.

Key Points

  • Four newly listed companies are being added to BSE indices
  • EMMVEE PHOTOVOLTAIC POWER LIMITED (544608) and PHYSICSWALLAH LIMITED (544609) listed on November 18, 2025
  • WORKMATES CORE2CLOUD SOLUTION LIMITED (544610) and MAHAMAYA LIFESCIENCES LIMITED (544611) listed on SME platform on November 18, 2025
  • Changes have been included in end-of-day corporate action file (*.SDE)
  • References earlier notices: 20251117-52, 20251117-49, 20251117-60, and 20251117-58

Regulatory Changes

No regulatory changes. This is a routine index maintenance action.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

  • November 18, 2025: Listing date for all four companies
  • November 19, 2025: Effective date for addition of WORKMATES CORE2CLOUD SOLUTION LIMITED and MAHAMAYA LIFESCIENCES LIMITED to BSE SME IPO index (at market open Wednesday)
  • November 20, 2025: Effective date for addition of EMMVEE PHOTOVOLTAIC POWER LIMITED and PHYSICSWALLAH LIMITED to BSE IPO index (at market open Thursday)

Impact Assessment

Market Impact: Low - Routine index additions following new listings have minimal market impact.

Operational Impact: Low - Standard index rebalancing activity. Investment products tracking these indices will need to adjust holdings accordingly.

Investor Impact: Low to medium for investors tracking BSE IPO and BSE SME IPO indices, as they will now include these four new constituents. Passive funds tracking these indices will need to purchase these stocks.

Impact Justification

Routine administrative action adding newly listed stocks to appropriate indices with no market-wide impact