Description

BSE announces delisting of 10 companies effective January 16, 2026, due to completion of amalgamation schemes and scheme of arrangement.

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 related to schemes of arrangement and amalgamation. The delisting follows the completion of merger processes where the companies have been amalgamated into other entities.

Key Points

  • 10 companies to be delisted from BSE with effect from January 16, 2026
  • All companies were previously suspended due to record dates for amalgamation/scheme of arrangement
  • Delisting follows completion of merger and amalgamation processes
  • Includes major companies like ICICI Securities Ltd, Piramal Enterprises Ltd, and Inox Wind Energy Limited
  • Trading members are advised to take note of the delisting

Companies Being Delisted

1. Inox Wind Energy Limited (543297 & 143297, INE0FLR01028)

  • Amalgamated into Inox Wind Limited

2. Umang Dairies Limited (500231, INE864B01027)

  • Amalgamated into Panchmahal Properties Limited and Bengal and Assam Company Limited

3. Dhani Services Limited (532960, INE274G01010)

  • Amalgamated into Yaari Digital Integrated Services Limited

4. Indiabulls Enterprises Limited (543715, INE059901020)

  • Amalgamated into Yaari Digital Integrated Services Limited

5. Mangalore Chemicals & Fertilisers Limited (530011, INE558B01017)

  • Amalgamated into Paradeep Phosphates Limited

6. Allcargo Gati Limited (532345, INE152B01027)

  • Amalgamated into Allcargo Logistics Limited

7. Medinova Diagnostic Services Ltd. (526301, INE047C01019)

  • Amalgamated into Vijaya Diagnostic Centre Limited

8. Ind-Swift Ltd. (524652, INE788B01028)

  • Amalgamated into Ind-Swift Laboratories Limited

9. Piramal Enterprises Ltd. (500302 & 100302, INE140A01024)

  • Amalgamated into Piramal Finance Limited

10. ICICI Securities Ltd (541179 & 141179, INE763G01038)

  • Scheme of Arrangement for delisting of Public Shareholders

Regulatory Changes

No new regulatory framework introduced. This circular implements the final step in previously approved schemes of amalgamation and arrangement.

Compliance Requirements

  • Trading members must update their systems to reflect the delisting effective January 16, 2026
  • Investors holding shares of these companies should have already received shares of the amalgamated entities as per the approved schemes
  • No further trading will be permitted in these scrips after the delisting date

Important Dates

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

Impact Assessment

Market Impact: High - affects 10 listed entities across various sectors including energy, logistics, pharmaceuticals, chemicals, diagnostics, and financial services.

Investor Impact: High - shareholders of delisted companies need to ensure they have received replacement shares in the amalgamated entities. Any pending claims should be addressed before the delisting date.

Trading Impact: Trading members must update their systems and client records to reflect the delisting. Any open positions or pending orders in these scrips should be addressed immediately.

Operational Impact: Brokers and depositories need to ensure proper mapping of old ISINs to new ISINs for corporate action processing and client portfolio management.

Impact Justification

Permanent delisting of 10 companies affecting shareholders and trading positions. Requires immediate action from investors holding these securities.