Description
HRS ALUGLAZE LIMITED and PAJSON AGRO INDIA LIMITED will be added to the BSE SME IPO Index effective December 19, 2025.
Summary
BSE announces the addition of two newly listed companies to the BSE SME IPO Index effective December 19, 2025. HRS ALUGLAZE LIMITED (Exchange ticker-544656) and PAJSON AGRO INDIA LIMITED (Exchange ticker-544657) are being listed on BSE on December 18, 2025, and will be included in the index at the open of the following day.
Key Points
- Two companies being added to BSE SME IPO Index
- HRS ALUGLAZE LIMITED - Exchange ticker 544656
- PAJSON AGRO INDIA LIMITED - Exchange ticker 544657
- Listing date: December 18, 2025
- Index inclusion effective: December 19, 2025 (at market open)
- Actions included in end-of-day corporate action file (*.SDE)
Regulatory Changes
No regulatory changes. This is a routine index composition update following new SME listings.
Compliance Requirements
No specific compliance requirements for market participants. Index tracking funds and ETFs may need to adjust holdings to reflect the updated index composition.
Important Dates
- December 18, 2025: Listing date for both companies on BSE
- December 19, 2025: Effective date for index inclusion (at market open)
Impact Assessment
Minimal market impact. This is a routine addition of newly listed SME companies to the BSE SME IPO Index. Impact is primarily limited to:
- Index tracking products that replicate the BSE SME IPO Index
- Investors monitoring SME segment performance
- The two companies gaining index exposure and potential increased visibility
No broader market operational or trading changes are associated with this circular.
Impact Justification
Routine index addition of two newly listed SME companies with limited market-wide impact