Description

MANGCHEFER will not be available for transactions in SLB segment effective October 31, 2025, following suspension of trading in equity shares.

Summary

NSE Clearing Limited has announced the exclusion of Mangalore Chemicals & Fertilizers Limited (MANGCHEFER) from the Securities Lending & Borrowing (SLB) segment. This action follows the suspension of trading in the company’s equity shares as communicated in circular NSE/CML/70979 dated October 27, 2025. The exclusion will be effective from October 31, 2025.

Key Points

  • MANGCHEFER will not be available for transactions in the SLB segment
  • This exclusion is a consequence of the suspension of trading in equity shares
  • All participants and custodians are required to take note of this change
  • The circular is issued by the Securities Lending & Borrowing Scheme department

Regulatory Changes

None specified beyond the exclusion from SLB segment transactions.

Compliance Requirements

  • Participants and custodians must ensure MANGCHEFER is not used in SLB transactions from the effective date
  • No new SLB contracts should be initiated for this security
  • Existing positions may need to be reviewed in accordance with SLB regulations

Important Dates

  • Circular Date: October 30, 2025
  • Effective Date of Exclusion: October 31, 2025
  • Reference Circular Date: October 27, 2025 (NSE/CML/70979 regarding trading suspension)

Impact Assessment

Market Impact: Medium - The exclusion affects participants engaged in securities lending and borrowing activities for MANGCHEFER. This restricts liquidity options and borrowing/lending opportunities for this particular security.

Operational Impact: Participants and custodians need to update their systems to prevent SLB transactions in MANGCHEFER from October 31, 2025. Any existing SLB positions in this security will need appropriate handling per existing SLB guidelines.

Investor Impact: Investors who utilize SLB mechanisms for MANGCHEFER will no longer be able to borrow or lend this security, potentially affecting hedging and trading strategies.

Impact Justification

Affects SLB transactions for MANGCHEFER following trading suspension, impacting participants and custodians engaged in securities lending and borrowing activities for this security.