Description

Four newly listed companies are being added to BSE indices: SHREE RAM TWISTEX LIMITED and CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED to BSE IPO index effective March 05, 2026, and ACCORD TRANSFORMER & SWITCHGEAR LIMITED and KIAASA RETAIL LIMITED to BSE SME IPO index effective March 04, 2026.

Summary

BSE Index Services Private Limited has announced the addition of four newly listed companies to BSE indices. Two mainboard listings—SHREE RAM TWISTEX LIMITED and CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED—will be added to the BSE IPO index effective March 05, 2026. Two SME platform listings—ACCORD TRANSFORMER & SWITCHGEAR LIMITED and KIAASA RETAIL LIMITED—will be added to the BSE SME IPO index effective March 04, 2026.

Key Points

  • SHREE RAM TWISTEX LIMITED (Exchange ticker: 544716) listed on BSE effective March 02, 2026; added to BSE IPO index effective March 05, 2026
  • CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED (Exchange ticker: 544717) listed on BSE effective March 02, 2026; added to BSE IPO index effective March 05, 2026
  • ACCORD TRANSFORMER & SWITCHGEAR LIMITED (Exchange ticker: 544710) listed on BSE SME platform effective March 02, 2026; added to BSE SME IPO index effective March 04, 2026
  • KIAASA RETAIL LIMITED (Exchange ticker: 544711) listed on BSE SME platform effective March 02, 2026; added to BSE SME IPO index effective March 04, 2026
  • All four additions are included in tonight’s end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index rebalancing notice per BSE Index Services Private Limited’s standard process for incorporating newly listed securities into relevant indices.

Compliance Requirements

  • Market participants and fund managers tracking or replicating the BSE IPO and BSE SME IPO indices must incorporate these additions at the open of the respective effective dates
  • For queries, clients should contact bseindex@bseindia.com

Important Dates

  • March 02, 2026: All four stocks listed on BSE (mainboard and SME platform respectively)
  • March 04, 2026 (open): ACCORD TRANSFORMER & SWITCHGEAR LIMITED (544710) and KIAASA RETAIL LIMITED (544711) added to BSE SME IPO index
  • March 05, 2026 (open): SHREE RAM TWISTEX LIMITED (544716) and CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED (544717) added to BSE IPO index

Impact Assessment

The additions affect passive investment vehicles and ETFs that track the BSE IPO and BSE SME IPO indices. Index-tracking funds will need to purchase these newly added constituents at the open of their respective effective dates. The impact on broader markets is limited given the relatively small market capitalisation of SME-listed entities; however, the two mainboard additions (SHREE RAM TWISTEX and CLEAN MAX ENVIRO ENERGY SOLUTIONS) may see increased buying interest from BSE IPO index-linked funds effective March 05, 2026.

Impact Justification

Routine index additions for newly listed stocks; affects passive funds and ETFs tracking BSE IPO and BSE SME IPO indices, but limited systemic market impact.