Description

ICCL has accepted the surrender of empanelment by Saastha Warehousing Private Limited as a Warehouse Service Provider (WSP), following a public notice period during which no claims were 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 an earlier intimation circular (ICCL Circular No. 20250904-60 dated September 04, 2025) and a subsequent public notice period during which no claims were received against the WSP.

Key Points

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

Regulatory Changes

Saastha Warehousing Private Limited is no longer empanelled as a Warehouse Service Provider (WSP) with ICCL. Members and their 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 commodity delivery settlement queries may contact ICCL at 022-22728678 / 8682 or their respective Relationship Managers.

Important Dates

  • September 04, 2025: Original ICCL Circular (No. 20250904-60) notifying surrender of empanelment.
  • 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. Saastha Warehousing Private Limited’s removal from the WSP panel affects commodity derivatives participants who may have been utilizing its warehousing services. Since no claims were filed during the public notice period, the transition is clean with no outstanding liabilities. Members should ensure alternative WSP arrangements are in place if they had any dependency on this provider.

Impact Justification

Administrative closure of a single WSP's empanelment with no claims received; limited impact on broader market participants.