Description

BSE circular listing 138 companies eligible for Group A classification, including major corporations across sectors such as Adani Group entities, banking, pharmaceuticals, automotive, and industrial companies.

Summary

BSE has published Annexure III containing the list of Group A Eligible Companies as part of a periodic group review process. The circular lists 138 companies across diverse sectors that meet the criteria for Group A classification. This includes major corporations such as Adani Group entities (Adani Enterprises, Adani Ports, Adani Power, Adani Green Energy, Adani Total Gas, Adani Energy Solutions), major banks (Axis Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Bandhan Bank), pharmaceutical companies (Aurobindo Pharma, Biocon, Alkem Labs, Ajanta Pharma), automotive sector (Bajaj Auto, Ashok Leyland, Apollo Tyres, Amara Raja), and other blue-chip companies (Asian Paints, Bharti Airtel, BPCL, BHEL).

Key Points

  • 138 companies listed as eligible for Group A classification
  • Companies span multiple sectors: financial services, pharmaceuticals, automotive, FMCG, energy, infrastructure, banking, and manufacturing
  • List includes major conglomerates and blue-chip stocks
  • Group A classification typically denotes high liquidity and active trading
  • Companies range from Scrip Code 500002 (ABB India) to 544288 (BlackBuc, entry appears truncated)
  • Notable inclusions: Adani Group entities (6 companies), major private banks, leading pharma companies, and industrial giants

Regulatory Changes

This circular represents a periodic review and confirmation of Group A eligible companies. Group classification affects:

  • Trading parameters and position limits
  • Margin requirements
  • Surveillance mechanisms
  • Settlement processes
  • Investor eligibility for certain trading strategies

The periodic review ensures that companies continue to meet liquidity, market capitalization, and other criteria required for Group A classification.

Compliance Requirements

  • Trading members must refer to this updated list for applicable trading rules and margin requirements
  • Investors and brokers should note the Group A classification when planning trading strategies
  • Risk management systems should be updated to reflect the current Group A composition
  • Members must ensure compliance with position limits and other trading restrictions applicable to Group A securities

Important Dates

  • Circular Date: January 14, 2026
  • Effective Date: Not explicitly mentioned; typically effective immediately upon publication

Impact Assessment

Market Impact: Medium - Group A classification affects trading dynamics for 138 major companies, influencing liquidity profiles and investor participation.

Operational Impact: Trading members and institutional investors need to update their systems and risk management frameworks to reflect the current Group A composition. The classification affects margin calculations, position limits, and trading strategies.

Investor Impact: Group A stocks generally enjoy higher liquidity, tighter bid-ask spreads, and are preferred for institutional trading. Retail investors benefit from better price discovery and execution quality.

Sectoral Coverage: The list demonstrates broad market representation with strong presence from banking and financial services, pharmaceuticals, automotive, infrastructure, energy, and consumer sectors, indicating these are the most actively traded segments on BSE.

Impact Justification

This circular provides the official list of 138 companies eligible for Group A classification on BSE, affecting trading parameters and investor perception. Group A typically denotes the most liquid and actively traded securities, impacting trading limits, margins, and settlement processes for these companies.