Description

BSE/ICCL notice announcing the exclusion of Gujarat State Petronet Ltd. (GSPL, Scrip Code: 532702) from the Securities Lending and Borrowing (SLB) segment effective Ex-Date 12 May 2026, following amalgamation.

Summary

ICCL Ltd. has issued a notice directing trading members that Gujarat State Petronet Ltd. (GSPL, SLB Code: GSPL, Equity Scrip Code: 532702) will be excluded from the Securities Lending and Borrowing (SLB) segment effective Ex-Date 12 May 2026. This action follows the amalgamation of GSPL as referenced in prior Exchange notices 20260506-38 and 20260505-6.

Key Points

  • GSPL (Scrip Code: 532702) is to be excluded from the SLB segment with effect from Ex-Date 12 May 2026.
  • The exclusion is a consequence of the amalgamation of Gujarat State Petronet Ltd.
  • No SLB contracts will be available for trading in GSPL after the effective date.
  • Trading members are directed to refer to Exchange notices 20260506-38 and 20260505-6 for amalgamation details.

Regulatory Changes

GSPL contracts will no longer be listed or available in the SLB segment of BSE following the corporate action (amalgamation). This is consistent with standard exchange practice of removing securities undergoing amalgamation from derivative and lending segments.

Compliance Requirements

  • Trading members must cease initiating new SLB contracts in GSPL on or after Ex-Date 12 May 2026.
  • Members should review open SLB positions in GSPL and manage settlement obligations accordingly prior to the exclusion date.

Important Dates

  • Notice Date: 11 May 2026
  • Effective Ex-Date for Exclusion: 12 May 2026

Impact Assessment

The exclusion impacts participants in the SLB segment who hold or intend to trade GSPL contracts. With no new contracts available from 12 May 2026, existing open positions will need to be wound down. The broader market impact is limited to SLB participants in this single security; equity market trading in GSPL may be separately affected by the ongoing amalgamation process as detailed in the referenced notices.

Impact Justification

Operationally significant for SLB participants holding or trading GSPL contracts, but limited in broader market scope as it affects a single security being excluded due to an amalgamation event.