BSE announces changes to multiple indices effective October 31, 2025, due to amalgamation of Mangalore Chemicals & Fertilizers with Paradeep Phosphates and demerger of Dalmia Bharat Sugar's refractories business. Meghna Infracon to be excluded from indices on November 4, 2025.
Impact
Medium
Severity
Medium
Justification
Routine index rebalancing affecting multiple BSE indices due to corporate actions. Impacts index funds and passive investors tracking these indices.
Composite scheme of amalgamation for Mangalore Chemicals & Fertilizers Limited with Paradeep Phosphates Limited, and demerger of Dalmia Bharat Sugar and Industries Limited's refractories business, resulting in multiple index exclusions and additions.
Impact
Medium
Severity
Medium
Justification
Multiple index changes affecting various BSE indices due to corporate restructuring and GSM listing. Impacts index composition but routine nature of such changes.