Description

BSE notifies trading members that Reliance Securities Limited (Member No. 959) has been renamed to Indusind Securities Limited effective 4th May 2026, following SEBI approval of the change in control.

Summary

BSE has notified all trading members that Reliance Securities Limited (Member No. 959) has been renamed to Indusind Securities Limited (Member No. 959) following a change in management and control. SEBI has approved the name change, which will take effect from Monday, 4th May 2026.

Key Points

  • Member No. 959 formerly operating as Reliance Securities Limited will now be known as Indusind Securities Limited
  • The name change is a result of a change in management/control of the entity
  • SEBI has formally approved the name change pursuant to the change in control
  • The member number (959) remains unchanged
  • Trading members are advised to update their records accordingly

Regulatory Changes

SEBI has approved the change in name of Member No. 959 pursuant to a change in control. The approval is in accordance with SEBI’s regulatory framework governing changes in control of registered intermediaries.

Compliance Requirements

  • Trading members who interact with or reference Member No. 959 should update their internal systems and records to reflect the new name: Indusind Securities Limited
  • For clarifications, trading members may contact BSE Membership department at: membership.ops@bseindia.com

Important Dates

  • Notice Date: 30 April 2026
  • Effective Date: Monday, 4th May 2026

Impact Assessment

This is a purely administrative change with minimal market impact. The member number (959) is unchanged, so settlement and clearing references remain intact. Trading members maintaining counterparty records or internal directories that reference Reliance Securities Limited will need to update these to Indusind Securities Limited ahead of 4th May 2026. No trading disruptions or new compliance obligations are expected for the broader market.

Impact Justification

Administrative membership name change with narrow operational impact; only relevant to trading members who transact with or reference Member No. 959. No market-wide regulatory change or compliance burden involved.