Description
BSE notifies trading members that Reliance Securities Limited (Member No. 959) has been renamed to Indusind Securities Limited effective 8th May 2026, following SEBI approval of change in control.
Summary
BSE has notified all trading members that Reliance Securities Limited (Member No. 959) has undergone a change of name to Indusind Securities Limited (Member No. 959) following a change in management/control. SEBI has formally approved this name change, which becomes effective from Friday, 8th May 2026.
Key Points
- Reliance Securities Limited (Member No. 959) is renamed to Indusind Securities Limited
- Member number 959 remains unchanged
- Change is pursuant to a change in control/management
- SEBI has approved the name change
- Effective date: Friday, 8th May 2026
- Contact for clarifications: membership.ops@bseindia.com
Regulatory Changes
SEBI has approved the change of name of BSE member Reliance Securities Limited to Indusind Securities Limited under the provisions governing change in control of stock brokers.
Compliance Requirements
- Trading members dealing with or referencing Reliance Securities Limited (Member No. 959) should update their records to reflect the new name: Indusind Securities Limited
- For any queries, trading members may contact BSE Membership Compliance at membership.ops@bseindia.com
Important Dates
- Notice Date: 7th May 2026
- Effective Date: Friday, 8th May 2026
Impact Assessment
This is an administrative/operational change affecting BSE trading members who interact with Member No. 959. The member number remains the same, minimizing systemic disruption. Trading members should update their internal records and counterparty references to reflect the new name. No direct market-wide trading or pricing impact is anticipated.
Impact Justification
Affects trading members who interact with or have relationships with Reliance Securities Limited (now Indusind Securities Limited); operational change requiring awareness but no broad market impact.