Description

Delisting of 10 companies effective January 16, 2026 following completion of schemes of arrangement and amalgamations.

Summary

BSE has announced the delisting of 10 companies effective January 16, 2026. These companies were previously suspended due to record dates fixed for corporate actions involving schemes of arrangement or amalgamation. The delisting follows the completion of merger and amalgamation processes where these entities have been absorbed into other companies.

Key Points

  • 10 companies to be delisted from BSE effective January 16, 2026
  • All companies were previously suspended due to corporate action record dates
  • Delistings are result of completed amalgamations and schemes of arrangement
  • Scrip codes and ISIN numbers will cease to be valid for trading
  • Trading members have been notified to take note of these changes

Companies Being Delisted

  1. Inox Wind Energy Limited (543297 & 143297) - Amalgamated into Inox Wind Limited
  2. Umang Dairies Limited (500231) - Amalgamated into Panchmahal Properties Limited and Bengal and Assam Company Limited
  3. Dhani Services Limited (532960) - Amalgamated into Yaari Digital Integrated Services Limited
  4. Indiabulls Enterprises Limited (543715) - Amalgamated into Yaari Digital Integrated Services Limited
  5. Mangalore Chemicals & Fertilisers Limited (530011) - Amalgamated into Paradeep Phosphates Limited
  6. Allcargo Gati Limited (532345) - Amalgamated into Allcargo Logistics Limited
  7. Medinova Diagnostic Services Limited (526301) - Amalgamated into Vijaya Diagnostic Centre Limited
  8. Ind-Swift Limited (524652) - Amalgamated into Ind-Swift Laboratories Limited
  9. Piramal Enterprises Limited (500302 & 100302) - Amalgamated into Piramal Finance Limited
  10. ICICI Securities Limited (541179 & 141179) - Scheme of Arrangement for delisting of public shareholders

Regulatory Changes

No new regulatory framework changes. This circular implements existing regulations governing corporate restructuring and delisting procedures following approved schemes of arrangement and amalgamation.

Compliance Requirements

  • Trading members must update their systems to remove these scrip codes effective January 16, 2026
  • No further trading will be permitted in these securities from the effective date
  • Members should inform clients holding positions in these securities about the delisting
  • Shareholders of delisted companies will hold shares in the respective amalgamated/successor entities as per approved schemes

Important Dates

  • Notice Date: January 13, 2026
  • Effective Delisting Date: January 16, 2026

Impact Assessment

Market Impact: High - The simultaneous delisting of 10 companies affects multiple sectors including energy, dairy, financial services, chemicals, logistics, diagnostics, and pharmaceuticals. Trading members must ensure systems are updated to prevent erroneous trades.

Investor Impact: High - Existing shareholders in these companies automatically become shareholders of the respective amalgamated entities. Investors must verify their holdings in successor companies and update their portfolios accordingly.

Operational Impact: Trading platforms and back-office systems must be updated to reflect these delistings. Market participants should ensure proper communication with clients who may be affected by these corporate actions.

Impact Justification

Multiple delistings affecting 10 companies with immediate effect on tradability and shareholder holdings