Description

ICCL has accepted the surrender of empanelment by Saastha Warehousing Private Limited as a Warehouse Service Provider (WSP), following a public notice period with no claims received.

Summary

Indian Clearing Corporation Limited (ICCL) has formally accepted the application for surrender of empanelment by Saastha Warehousing Private Limited as a Warehouse Service Provider (WSP). This follows a public notice issued in September 2025 inviting claims, during which no claims were received against the entity.

Key Points

  • ICCL accepted the surrender of empanelment by Saastha Warehousing Private Limited as WSP.
  • Reference circular: ICCL Circular No. 20250904-60 dated September 04, 2025.
  • Public notice was published in Free Press Journal (All Editions) and Navshakti (Mumbai Edition) on September 16, 2025.
  • No claims were received against Saastha Warehousing Private Limited during the stipulated period.
  • WSP Corporate Office: D. No. 6-3-713, 2nd Floor, Topaz Building, Amrutha Hills, Punjagutta, Hyderabad – 500082.
  • WSP Registered Office: 7-20, NDR Godown Complex, Opp. Sanath Nagar Good Shed, Mossapet, Hyderabad – 500081.

Regulatory Changes

Saastha Warehousing Private Limited is no longer an empanelled Warehouse Service Provider under ICCL. Members and constituents should update their records accordingly.

Compliance Requirements

  • All members and their respective constituents/clients are requested to take note of the de-empanelment of Saastha Warehousing Private Limited as a WSP.
  • Members with any pending commodity delivery settlement queries may contact ICCL at 022-22728678 / 8682 or their respective Relationship Managers.

Important Dates

  • September 04, 2025: Original ICCL circular (20250904-60) on surrender intimation.
  • September 16, 2025: Public notice published in newspapers inviting claims.
  • March 09, 2026: Formal acceptance of surrender of empanelment confirmed.

Impact Assessment

The impact is limited and administrative in nature. Members using Saastha Warehousing Private Limited for commodity delivery and settlement under the ICCL framework should ensure no active positions or pending deliveries are linked to this WSP. No claims were filed during the public notice period, indicating a clean exit with no outstanding liabilities.

Impact Justification

Administrative closure of a single WSP's empanelment with no outstanding claims; limited market-wide impact confined to commodity derivatives members using this specific warehouse.