Description

SKF India (Industrial) Ltd will be excluded from multiple BSE indices including BSE 500, BSE Smallcap, and BSE Capital Goods effective December 12, 2025, following the demerger scheme of arrangement process.

Summary

BSE Index Services Private Ltd announced the exclusion of SKF India (Industrial) Ltd (Scrip code: 544572) from multiple BSE indices effective December 12, 2025. The exclusion follows the demerger scheme of arrangement process where the spun-off scrip did not hit lower circuit on December 9 and 10, 2025, triggering the removal criteria announced in Notice No: 20250403-46.

Key Points

  • SKF India (Industrial) Ltd (Scrip code: 544572) to be excluded from 11 BSE indices
  • Exclusion effective prior to trading open on December 12, 2025
  • Action follows demerger scheme of arrangement process
  • Stock did not hit lower circuit on December 9 and 10, 2025
  • Exclusion based on previously announced removal process (Notice No: 20250403-46)
  • Corporate action included in end-of-day file (*.SDE)

Regulatory Changes

No new regulatory changes introduced. This action implements the existing removal process for spun-off scrips announced in Notice No: 20250403-46 dated April 3, 2025.

Compliance Requirements

  • Index fund managers must adjust portfolios to reflect the exclusion
  • Market participants should note the index composition change for rebalancing
  • Queries to be directed to bseindex@bseindia.com

Important Dates

  • December 9, 2025: First day of lower circuit monitoring (no circuit hit)
  • December 10, 2025: Second day of lower circuit monitoring (no circuit hit)
  • December 12, 2025: Effective exclusion date (prior to market open)

Impact Assessment

Affected Indices (11 total):

  1. BSE 500
  2. BSE Capital Goods
  3. BSE Smallcap
  4. BSE Allcap
  5. BSE Industrials
  6. BSE Smallcap Select Index
  7. BSE 250 Smallcap Index
  8. BSE 400 MidSmallcap Index
  9. BSE 1000
  10. BSE 1000 Multicap Equal Size Weighted (25%)
  11. BSE MidSmallcap

Market Impact:

  • Passive funds and ETFs tracking these indices will need to sell SKF India (Industrial) Ltd shares
  • Potential selling pressure on the stock ahead of exclusion date
  • Index weightage rebalancing across remaining constituents
  • Impacts portfolios benchmarked to any of the 11 affected indices

Impact Justification

Index exclusion impacts passive funds tracking these indices and investor portfolios. Medium impact as it affects multiple indices but is part of standard demerger process.