BSE has issued an update (Notice No. 20260413-47) as a continuation of Exchange Notice 20260413-24, clarifying that the revision in constituent weightings for BSE BANKEX will be effective from May 29, 2026. The notice also references the BSE Focused IT Index in the subject context.

Key Points

• This notice is a follow-up to Exchange Notice 20260413-24 regarding index methodology changes
• Revision in constituent weightings for BSE BANKEX will be effective from May 29, 2026
• The change falls under the Index category for the Equity segment
• No attachments were included with this notice

Regulatory Changes

The constituent weightings of BSE BANKEX are being revised as part of an index methodology update. The specific details of the weighting changes were communicated in the original notice 20260413-24; this circular serves as a clarification on the implementation timeline.

Compliance Requirements

• Market participants, fund managers, and ETF operators tracking BSE BANKEX should note the effective date and update their portfolios or tracking mechanisms accordingly by May 29, 2026
• Index fund managers and passive investors benchmarked to BSE BANKEX should prepare for rebalancing prior to the effective date

Important Dates

• Notice Date: April 13, 2026
• Effective Date of Constituent Weighting Revision: May 29, 2026

Impact Assessment

The revision in constituent weightings for BSE BANKEX will impact index funds, ETFs, and other investment products benchmarked to this index. Fund managers will need to rebalance portfolios to reflect the new weightings by the effective date. The change may cause minor market movements in banking sector stocks included in the BANKEX index as institutional investors adjust positions ahead of May 29, 2026.

BSE Index Services Pvt. Ltd. (BISPL) will switch its SFTP server to the Disaster Recovery (DR) site on Saturday, April 18, 2026, from 10:00 AM to 2:00 PM IST as part of its Business Continuity Planning (BCP) preparedness drill. All BISPL clients who access end-of-day (EOD) downloadable files via SFTP are requested to connect to the DR SFTP server during this window.

Key Points

• BISPL SFTP service will run from the DR site on April 18, 2026 (Saturday), 10:00 AM – 2:00 PM IST
• DR SFTP Server IP: 103.47.198.38, External Port: TCP 3313
• April 18, 2026 is a non-trading day; no new EOD files will be generated
• EOD files available on the DR SFTP server will be from the previous trading day, April 17, 2026
• Clients are urged to proactively participate in the DR test to verify connectivity and file download capability
• For issues, contact BSE Helpdesk at 022-2272-8500 or BISPL Team at 022-2272-5872 / 022-2272-8131, or email bseindex@bseindia.com

Regulatory Changes

No regulatory changes are introduced by this notice. This is an operational drill mandated by BCP/DR readiness requirements.

Compliance Requirements

• BISPL SFTP clients must attempt to connect to the DR SFTP server (IP: 103.47.198.38, Port: TCP 3313) during the scheduled window on April 18, 2026
• Clients should verify they can successfully download files from the DR site
• Any connectivity issues must be reported to the BSE Helpdesk or BISPL Team during the mock session

Important Dates

• April 18, 2026 (Saturday): DR Mock Session — 10:00 AM to 2:00 PM IST
• April 17, 2026: Reference date for EOD files available on the DR SFTP server during the drill

Impact Assessment

Impact is minimal and limited to BISPL SFTP clients (index data consumers). Since the drill falls on a non-trading Saturday, there is no disruption to live market operations or trading activity. The exercise is a standard infrastructure resilience test. Clients who do not participate may face unpreparedness in an actual DR scenario but face no immediate operational consequences from non-participation on this date.

BSE has announced the addition of Elfin Agro India Limited (Exchange ticker: 544724) to the BSE SME IPO Index. The stock was listed on BSE on March 12, 2026, and will be included in the index effective at the open of March 13, 2026.

Key Points

• Elfin Agro India Limited (ticker: 544724) listed on BSE on March 12, 2026
• Stock will be added to the BSE SME IPO Index effective at market open on March 13, 2026
• This action is referenced from Notice No. 20260311-44
• The corporate action is included in the end-of-day corporate action file (*.SDE) dated March 12, 2026

Regulatory Changes

No regulatory changes. This is a routine index rebalancing action following the listing of a new SME IPO on BSE.

Compliance Requirements

No direct compliance requirements for market participants. Index-tracking funds and ETFs benchmarked to the BSE SME IPO Index should update their portfolios to reflect the addition of 544724 effective March 13, 2026.

Important Dates

• March 12, 2026: Elfin Agro India Limited listed on BSE; corporate action file published
• March 13, 2026: Effective date for addition of 544724 to the BSE SME IPO Index (at market open)

Impact Assessment

The impact is limited to the BSE SME IPO Index and any funds or products tracking it. Investors and fund managers with exposure to the BSE SME IPO Index should account for the inclusion of Elfin Agro India Limited in their portfolios from March 13, 2026. For queries, BSE Index Services can be contacted at bseindex@bseindia.com.

BSE has announced the addition of Elfin Agro India Limited (Exchange ticker: 544724) to the BSE SME IPO Index, effective at the open of Friday, March 13, 2026. The company was listed on BSE on March 12, 2026, pursuant to Notice No. 20260311-44.

Key Points

• Elfin Agro India Limited (ticker: 544724) listed on BSE on March 12, 2026
• Stock will be added to the BSE SME IPO Index effective at market open on March 13, 2026
• The corporate action is included in the end-of-day corporate action file (*.SDE) for March 12, 2026
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a standard index composition update following a new SME IPO listing.

Compliance Requirements

No direct compliance requirements for market participants. Index-tracking funds and ETFs benchmarked to the BSE SME IPO Index should update their portfolios to reflect the addition of Elfin Agro India Limited (544724) effective March 13, 2026.

Important Dates

• March 12, 2026: Elfin Agro India Limited listed on BSE; corporate action included in end-of-day SDE file
• March 13, 2026: Effective date for addition of 544724 to the BSE SME IPO Index (at market open)

Impact Assessment

This is a routine index rebalancing action with low market-wide impact. The addition affects only the BSE SME IPO Index and is relevant to fund managers, ETFs, and portfolios tracking this index. Market participants should ensure their systems reflect the updated index composition before the open of trading on March 13, 2026.

BSE Index Services Private Limited has announced the addition of four newly listed companies to BSE indices effective early March 2026. Two companies join the main BSE IPO index and two join the BSE SME IPO index, following their respective listings on BSE and BSE SME platform on March 02, 2026.

Key Points

• SHREE RAM TWISTEX LIMITED (Exchange ticker: 544716) listed on BSE effective March 02, 2026; added to BSE IPO index effective March 05, 2026
• CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED (Exchange ticker: 544717) listed on BSE effective March 02, 2026; added to BSE IPO index effective March 05, 2026
• ACCORD TRANSFORMER & SWITCHGEAR LIMITED (Exchange ticker: 544710) listed on BSE SME platform effective March 02, 2026; added to BSE SME IPO index effective March 04, 2026
• KIAASA RETAIL LIMITED (Exchange ticker: 544711) listed on BSE SME platform effective March 02, 2026; added to BSE SME IPO index effective March 04, 2026
• Corporate action details included in the end-of-day corporate action file (*.SDE) on March 02, 2026

Regulatory Changes

No new regulatory changes introduced. This is a standard index rebalancing action triggered by new listings on BSE and BSE SME platforms in accordance with existing BSE index methodology.

Compliance Requirements

• Index-tracking funds, ETFs, and portfolio managers benchmarked to BSE IPO or BSE SME IPO indices should review their portfolios for rebalancing ahead of the effective dates
• Clients with queries may contact BSE Index Services at bseindex@bseindia.com

Important Dates

• March 02, 2026: Listing of all four companies on BSE / BSE SME platform
• March 04, 2026 (market open): ACCORD TRANSFORMER & SWITCHGEAR LIMITED and KIAASA RETAIL LIMITED added to BSE SME IPO index
• March 05, 2026 (market open): SHREE RAM TWISTEX LIMITED and CLEAN MAX ENVIRO ENERGY SOLUTIONS LIMITED added to BSE IPO index

Impact Assessment

The additions affect index-tracking products benchmarked against the BSE IPO and BSE SME IPO indices. The impact is limited in scope given the small-cap and SME nature of the companies. Passive fund managers tracking these indices will need to include these four stocks at the open of their respective effective dates. No impact on broader market indices such as SENSEX or BSE 500.

BSE has announced the addition of Gaudium IVF and Women Health Limited (Exchange ticker: 544709) to the BSE IPO Index. The company was listed on BSE on February 27, 2026, and will be included in the index effective at the open of Wednesday, March 4, 2026.

Key Points

• Gaudium IVF and Women Health Limited (ticker: 544709) listed on BSE on February 27, 2026.
• The stock will be added to the BSE IPO Index effective March 4, 2026 (market open).
• The corporate action has been included in the end-of-day corporate action file (*.SDE) dated February 27, 2026.
• Reference circular: Notice No. 20260226-41.

Regulatory Changes

No regulatory changes. This is a routine index rebalancing action following a new listing on BSE.

Compliance Requirements

Index-linked fund managers, ETF providers, and other entities tracking the BSE IPO Index should update their portfolios to include Gaudium IVF and Women Health Limited (544709) effective at the open of March 4, 2026. Queries may be directed to bseindex@bseindia.com.

Important Dates

• February 27, 2026: Gaudium IVF and Women Health Limited listed on BSE; end-of-day corporate action file (*.SDE) updated.
• March 4, 2026 (market open): Effective date for addition of 544709 to the BSE IPO Index.

Impact Assessment

The impact is limited to index-tracking products benchmarked against the BSE IPO Index. Fund managers and ETF operators tracking this index will need to incorporate the new constituent. No broader market or regulatory impact is anticipated.

BSE Index Services Private Limited has announced the addition of Yashhtej Industries (India) Limited (Exchange Ticker: 544708) to the BSE SME IPO Index. The company was listed on BSE on February 25, 2026, and its inclusion in the index is effective at the open of February 26, 2026.

Key Points

• Yashhtej Industries (India) Limited (ticker: 544708) is being added to the BSE SME IPO Index.
• The stock was listed on BSE effective February 25, 2026, per Notice No. 20260224-17.
• Index inclusion is effective at the open of Thursday, February 26, 2026.
• The corporate action has been included in the end-of-day corporate action file (*.SDE) dated February 25, 2026.
• Queries may be directed to bseindex@bseindia.com.

Regulatory Changes

No regulatory changes. This is a routine index composition update following a new SME IPO listing on BSE.

Compliance Requirements

• Index-tracking funds and ETFs referencing the BSE SME IPO Index should update their portfolios to include Yashhtej Industries (India) Limited (544708) effective at the open of February 26, 2026.
• Clients and data vendors should incorporate the end-of-day corporate action file (*.SDE) to reflect this change.

Important Dates

• February 25, 2026: Listing of Yashhtej Industries (India) Limited on BSE.
• February 26, 2026 (market open): Effective date of addition to the BSE SME IPO Index.

Impact Assessment

The impact is limited to index-linked products tracking the BSE SME IPO Index. Passive funds and ETFs benchmarked to this index will need to add exposure to Yashhtej Industries (India) Limited before the open of February 26, 2026. No broader market or regulatory impact is anticipated from this routine rebalancing action.

BSE Index Services Private Limited has announced the addition of Yashhtej Industries (India) Limited (Exchange Ticker: 544708) to the BSE SME IPO Index. The company was listed on BSE effective February 25, 2026, and will be included in the index at the open of trading on February 26, 2026.

Key Points

• Yashhtej Industries (India) Limited (ticker: 544708) is being added to the BSE SME IPO Index.
• The company’s listing on BSE is effective February 25, 2026.
• Index addition is effective at the open of Thursday, February 26, 2026.
• This action references prior Notice No. 20260224-17.
• The corporate action is included in the end-of-day corporate action file (*.SDE) dated February 25, 2026.

Regulatory Changes

No regulatory changes. This is a standard index rebalancing action triggered by the new listing of an SME IPO on BSE.

Compliance Requirements

• Index fund managers and ETF providers tracking the BSE SME IPO Index should update their portfolios to include Yashhtej Industries (India) Limited (544708) effective at the open of February 26, 2026.
• Clients with queries are directed to contact bseindex@bseindia.com.

Important Dates

• February 25, 2026: Listing of Yashhtej Industries (India) Limited on BSE.
• February 26, 2026 (market open): Effective date of addition to BSE SME IPO Index.

Impact Assessment

The impact is limited to funds, ETFs, and portfolios that track or benchmark against the BSE SME IPO Index. Broader market impact is negligible. This is a routine constituent addition following the IPO listing of a small and medium enterprise on BSE.

BSE Index Services Private Limited has announced the addition of Fractal Industries Limited (Exchange ticker: 544707) to the BSE SME IPO Index. The company was listed on BSE effective February 24, 2026, and will be included in the index at the open of February 25, 2026.

Key Points

• Fractal Industries Limited (ticker: 544707) listed on BSE on February 24, 2026
• The stock will be added to the BSE SME IPO Index effective at market open on February 25, 2026
• The corporate action has been included in the end-of-day corporate action file (*.SDE) for February 24, 2026
• For queries, market participants may contact bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index composition update pursuant to the listing of a new SME IPO on BSE.

Compliance Requirements

No direct compliance requirements for market participants. Index fund managers and ETF providers tracking the BSE SME IPO Index should update their portfolios to reflect the addition of Fractal Industries Limited at the open of February 25, 2026.

Important Dates

• February 24, 2026: Fractal Industries Limited listed on BSE; corporate action included in end-of-day SDE file
• February 25, 2026: Effective date for addition of Fractal Industries Limited (544707) to the BSE SME IPO Index (at market open)

Impact Assessment

The addition of Fractal Industries Limited to the BSE SME IPO Index is a standard operational update following a new SME IPO listing. The impact is limited to index-tracking funds and participants benchmarked against the BSE SME IPO Index, who will need to incorporate the new constituent. There is no broader market or systemic impact anticipated.

BSE Index Services Private Limited has announced the addition of Fractal Industries Limited (Exchange ticker: 544707) to the BSE SME IPO Index. The stock was listed on BSE effective February 24, 2026, and will be included in the index at the open of February 25, 2026.

Key Points

• Fractal Industries Limited (ticker: 544707) listed on BSE on February 24, 2026
• The stock will be added to the BSE SME IPO Index effective at the open of February 25, 2026
• This action is included in the end-of-day corporate action file (*.SDE) for February 24, 2026
• Reference circular: Notice No. 20260223-23

Regulatory Changes

No regulatory changes. This is a routine index rebalancing action by BSE Index Services Private Limited following the listing of a new SME IPO.

Compliance Requirements

No direct compliance requirements for market participants. Index fund managers and ETF operators tracking the BSE SME IPO Index should update their portfolios to reflect the addition of Fractal Industries Limited (544707) effective February 25, 2026. Queries may be directed to bseindex@bseindia.com.

Important Dates

• February 24, 2026: Fractal Industries Limited listed on BSE; corporate action file (*.SDE) updated
• February 25, 2026: Fractal Industries Limited added to BSE SME IPO Index at market open

Impact Assessment

Impact is limited to participants benchmarking against or replicating the BSE SME IPO Index. The addition is a standard procedure following a new SME IPO listing and does not affect broader market operations or regulatory obligations for general market participants.

BSE Index Services Private Ltd has announced the exclusion of Kwality Walls (India) Ltd (scrip code: 544622) from BSE SENSEX and over 30 other BSE indices, effective prior to the open of trading on Tuesday, February 24, 2026. The exclusion is triggered by the company’s failure to hit the lower circuit on both February 19 and February 20, 2026, following a scheme of arrangement for demerger, as per the process outlined in earlier Notice No. 20250403-46.

Key Points

• Kwality Walls (India) Ltd (scrip code: 544622) will be removed from BSE SENSEX and 30+ other BSE indices
• Effective date: Prior to market open on Tuesday, February 24, 2026
• Trigger: The scrip did not hit the lower circuit on February 19, 2026 (Thursday) or February 20, 2026 (Friday)
• Process follows the framework for removal of spun-off scrips after a demerger scheme of arrangement
• The action is included in the end-of-day corporate action file (*.SDE) for February 20, 2026
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

This exclusion follows the policy established by BSE Index Services Private Ltd vide Notice No. 20250403-46, which governs the removal of spun-off scrips from BSE Indices after a demerger/scheme of arrangement. No new regulatory changes are introduced; this is an application of the existing framework.

Compliance Requirements

• Index fund managers and ETF operators tracking any of the affected indices must rebalance portfolios to exclude Kwality Walls (India) Ltd before market open on February 24, 2026
• Custodians and clearing members should note the update in the corporate action file (*.SDE) released on February 20, 2026
• Clients with index-linked products should review exposure to the affected indices

Important Dates

• February 19, 2026: Scrip did not hit lower circuit (Day 1 of trigger condition)
• February 20, 2026: Scrip did not hit lower circuit (Day 2 of trigger condition); circular issued
• February 20, 2026 (EOD): Corporate action file (*.SDE) updated with this exclusion
• February 24, 2026 (Prior to market open): Effective date of exclusion from all listed BSE indices

Impact Assessment

The exclusion of Kwality Walls (India) Ltd from BSE SENSEX and over 30 major indices — including BSE 100, BSE 200, BSE 500, BSE FMCG, BSE India Manufacturing Index, BSE ALLCAP, BSE LARGECAP, BSE SENSEX 50, and multiple thematic/factor indices — will have a broad and immediate impact:

• Passive funds and ETFs tracking these indices must sell their holdings in Kwality Walls (India) Ltd before February 24, 2026 open, which may create selling pressure on the stock
• FMCG and sectoral indices such as BSE FAST MOVING CONSUMER GOODS will see a constituent change requiring reweighting
• Factor and thematic indices (Low Volatility, Quality, Equal Weight, ESG) will also require rebalancing
• The action is a direct consequence of the demerger process; the spun-off scrip’s price behavior (not hitting lower circuit) triggered the scheduled removal per existing policy
• Market participants holding index-linked derivatives or structured products referencing any of the 30+ affected indices should assess their positions ahead of the February 24 effective date

BSE Index Services Private Ltd has announced the exclusion of Kwality Walls (India) Ltd (scrip code: 544622) from BSE SENSEX and 29 other BSE indices, effective prior to the open of trading on Tuesday, February 24, 2026. The exclusion is triggered by the company’s failure to hit the lower circuit on both February 19 and February 20, 2026, following a scheme of arrangement for demerger as per the process outlined in Notice No. 20250403-46.

Key Points

• Kwality Walls (India) Ltd (scrip code: 544622) will be removed from 30 BSE indices effective February 24, 2026
• The exclusion is due to the stock not hitting the lower circuit on February 19 and February 20, 2026 post-demerger listing
• The process follows rules announced in Notice No. 20250403-46 regarding removal of spun-off scrips from BSE indices after a scheme of arrangement for demerger
• This corporate action has been included in the end-of-day corporate action file (*.SDE) for February 20, 2026
• Queries to be directed to bseindex@bseindia.com

Regulatory Changes

No new regulatory rules are introduced. This action is pursuant to the existing framework announced by BSE Index Services Private Ltd (formerly Asia Index Pvt. Ltd.) via Notice No. 20250403-46, which governs the removal of spun-off scrips from BSE indices following a demerger scheme. The trigger condition — failure to hit the lower circuit on both days post-listing — has been met, activating the exclusion.

Compliance Requirements

• Index-tracking funds, ETFs, and passive investment vehicles benchmarked to any of the 30 affected indices must rebalance their portfolios to exclude Kwality Walls (India) Ltd before market open on February 24, 2026
• Portfolio managers and fund houses should update their index compositions accordingly
• Market participants should refer to the updated end-of-day corporate action file (*.SDE) for official confirmation

Important Dates

• February 19, 2026: First day Kwality Walls (India) Ltd did not hit the lower circuit (trigger condition day 1)
• February 20, 2026: Second day without lower circuit hit (trigger condition day 2); circular issued
• February 24, 2026 (before market open): Effective date of exclusion from all 30 BSE indices

Impact Assessment

Affected Indices (30 total): BSE SENSEX, BSE 100, BSE 200, BSE 500, BSE FAST MOVING CONSUMER GOODS, BSE INDIA MANUFACTURING INDEX, BSE ALLCAP, BSE LARGECAP, BSE SENSEX 50, BSE 100 ESG INDEX, BSE 250 LARGEMIDCAP INDEX, BSE LOW VOLATILITY INDEX, BSE 100 LARGECAP TMC, BSE SENSEX SIXTY, BSE SENSEX SIXTY 65:35, BSE 200 EQUAL WEIGHT, BSE SENSEX EQUAL WEIGHT, BSE INDIA SECTOR LEADERS, BSE 1000, BSE 1000 MULTICAP EQUAL SIZE WEIGHTED (25%), BSE INDIA 150, BSE 500 LOW VOLATILITY 50, BSE MULTICAP CONSUMPTION (50:30:20), BSE LARGECAP 100 LOW VOLATILITY 30, BSE LARGECAP 100 QUALITY 30, BSE 500 EQUAL WEIGHT, BSE ALL DERIVATIVE STOCKS, BSE LARGEMIDCAP, BSE SENSEX 50 TMC

Market Impact: The exclusion from the flagship BSE SENSEX and 29 other indices will force significant rebalancing by passive funds and ETFs tracking these benchmarks, likely generating elevated trading volumes in Kwality Walls (India) Ltd leading up to February 24, 2026. The stock may face selling pressure as index funds divest their holdings to match the new index composition. The FMCG sector-specific index removal further underscores the company’s separation from its parent entity post-demerger.

BSE announced the addition of three newly listed SME companies to the BSE SME IPO Index effective at the open of Thursday, February 05, 2026. The companies are Kanishk Aluminium India Limited (ticker: 544693), Accretion Nutraveda Limited (ticker: 544694), and Msafe Equipments Limited (ticker: 544695), all of which were listed on BSE on Wednesday, February 04, 2026.

Key Points

• Three new SME companies added to BSE SME IPO Index
• Kanishk Aluminium India Limited (Exchange ticker: 544693)
• Accretion Nutraveda Limited (Exchange ticker: 544694)
• Msafe Equipments Limited (Exchange ticker: 544695)
• All three stocks listed on BSE on February 04, 2026
• Index inclusion effective at market open on February 05, 2026
• Changes included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index rebalancing action.

Compliance Requirements

No specific compliance requirements for market participants. Index-tracking funds and ETFs may need to adjust their portfolios to reflect the new index composition.

Important Dates

• February 04, 2026: Listing date for all three companies on BSE
• February 05, 2026: Effective date for index inclusion (at market open)

Impact Assessment

The addition of these three SME stocks to the BSE SME IPO Index is a routine administrative action with minimal market impact. Index-tracking funds and passive investors in the BSE SME IPO Index will need to acquire these stocks in proportion to their index weightings. The impact is limited to the SME segment and is not expected to affect broader market operations or trading patterns.

BSE has announced the addition of three newly listed companies to the BSE SME IPO Index effective at the open of Thursday, February 05, 2026. The companies - KANISHK ALUMINIUM INDIA LIMITED (Exchange ticker 544693), ACCRETION NUTRAVEDA LIMITED (Exchange ticker 544694), and MSAFE EQUIPMENTS LIMITED (Exchange ticker 544695) - were listed on BSE on February 04, 2026.

Key Points

• Three companies being added to BSE SME IPO Index
• KANISHK ALUMINIUM INDIA LIMITED (544693)
• ACCRETION NUTRAVEDA LIMITED (544694)
• MSAFE EQUIPMENTS LIMITED (544695)
• Listed on BSE on February 04, 2026
• Index addition effective at open of February 05, 2026
• Actions included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes introduced. This is a routine index maintenance action following the listing of new SME companies.

Compliance Requirements

No specific compliance requirements. Market participants tracking or trading products linked to the BSE SME IPO Index should note the composition change.

Important Dates

• February 04, 2026: Listing date for the three companies on BSE
• February 05, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

This is a routine index maintenance action with medium impact. The addition of three newly listed SME companies to the BSE SME IPO Index will affect:

• Index composition and weightings
• Investment products and funds tracking the BSE SME IPO Index
• Trading strategies based on index constituents
• Market participants monitoring SME IPO performance

The companies referenced in previous notices (20260203-43, 20260203-44, 20260203-45) provide additional context for the listings. For queries, market participants can contact bseindex@bseindia.com.

BSE has announced the addition of three newly listed companies to the BSE SME IPO Index effective February 05, 2026. The companies - Kanishk Aluminium India Limited (544693), Accretion Nutraveda Limited (544694), and MSafe Equipments Limited (544695) - were listed on BSE on February 04, 2026, and will be included in the index from the opening of the next trading day.

Key Points

• Three companies being added to BSE SME IPO Index: Kanishk Aluminium India Limited, Accretion Nutraveda Limited, and MSafe Equipments Limited
• Companies listed on BSE effective February 04, 2026
• Index addition effective at market open on February 05, 2026
• Exchange tickers: 544693, 544694, and 544695 respectively
• Corporate action changes included in end-of-day corporate action file (*.SDE)
• Referenced previous listing notices: 20260203-43, 20260203-44, and 20260203-45

Regulatory Changes

No regulatory changes. This is a routine index rebalancing action following the listing of new SME companies.

Compliance Requirements

No specific compliance requirements for market participants. Index constituents are automatically updated in trading systems through the corporate action file. Queries can be directed to bseindex@bseindia.com.

Important Dates

• February 04, 2026: Listing date for all three companies on BSE
• February 05, 2026: Effective date for index addition (at market open)

Impact Assessment

Market Impact: Minimal. This is a routine administrative action for SME IPO listings. The BSE SME IPO Index tracks newly listed SME companies, and periodic additions are expected as new companies complete their IPOs.

Operational Impact: Index fund managers and ETFs tracking the BSE SME IPO Index will need to rebalance portfolios to include these three stocks. The impact is limited to SME-focused investment products.

Investor Impact: Investors tracking or benchmarking against the BSE SME IPO Index should note the inclusion of these three companies in index calculations from February 05, 2026 onwards.

Kasturi Metal Composite Limited (Exchange ticker: 544688) will be added to the BSE SME IPO Index effective at the open of Wednesday, February 4, 2026, following its listing on BSE on Tuesday, February 3, 2026.

Key Points

• Kasturi Metal Composite Limited is being listed on BSE effective February 3, 2026
• The stock will be added to the BSE SME IPO Index on February 4, 2026
• Exchange ticker: 544688
• This action has been included in the end-of-day corporate action file (*.SDE)
• This follows reference to Notice No. 20260202-35

Regulatory Changes

No regulatory changes. This is a routine index constituent addition following a new SME listing.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

• February 3, 2026: Listing date for Kasturi Metal Composite Limited on BSE
• February 4, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a routine addition of a newly listed SME stock to the BSE SME IPO Index. Index funds and ETFs tracking the BSE SME IPO Index may need to adjust their portfolios to include this stock. For queries, market participants can contact bseindex@bseindia.com.

BSE has announced the addition of KASTURI METAL COMPOSITE LIMITED (Exchange ticker: 544688) to the BSE SME IPO Index effective at the open of Wednesday, February 4, 2026. This follows the company’s listing on BSE on Tuesday, February 03, 2026.

Key Points

• KASTURI METAL COMPOSITE LIMITED is being listed on BSE effective February 03, 2026
• The stock will be added to the BSE SME IPO Index from the opening of February 4, 2026
• Exchange ticker for the company is 544688
• This action has been included in the end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index rebalancing action following a new SME listing.

Compliance Requirements

No specific compliance requirements for market participants. Index constituents are automatically updated in BSE’s systems.

Important Dates

• February 3, 2026: Listing of KASTURI METAL COMPOSITE LIMITED on BSE
• February 4, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

This is a routine index maintenance action with minimal market impact. The addition affects only the BSE SME IPO Index composition and may result in modest index fund rebalancing activity. Investors tracking or benchmarking against the BSE SME IPO Index should note the inclusion of this new constituent.

BSE announced the addition of Hannah Joseph Hospital Limited (Exchange ticker: 544687) to the BSE SME IPO Index, effective at the open of trading on February 3, 2026. The stock is being listed on BSE on February 2, 2026.

Key Points

• Hannah Joseph Hospital Limited (ticker: 544687) to be added to BSE SME IPO Index
• Stock listing date: February 2, 2026
• Index addition effective date: February 3, 2026 (at market open)
• Action included in end-of-day corporate action file (*.SDE)
• Reference made to previous Notice No. 20260201-4

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity.

Compliance Requirements

No specific compliance requirements for market participants. Index composition change is automatically reflected in corporate action files.

Important Dates

• February 2, 2026: Hannah Joseph Hospital Limited lists on BSE
• February 3, 2026: Stock added to BSE SME IPO Index at market open

Impact Assessment

Minimal market impact. This is a routine index addition affecting only the BSE SME IPO Index. Index funds and ETFs tracking this index will need to rebalance to include the new constituent. Queries can be directed to bseindex@bseindia.com.

BSE announced the addition of Hannah Joseph Hospital Limited (Exchange ticker 544687) to the BSE SME IPO Index effective February 3, 2026. The company is being listed on BSE on February 2, 2026, and will be included in the index at the open of trading on the following day.

Key Points

• Hannah Joseph Hospital Limited (ticker: 544687) listed on BSE on February 2, 2026
• Stock will be added to BSE SME IPO Index effective February 3, 2026
• Addition will be reflected in the end-of-day corporate action file (*.SDE)
• Reference made to Notice No. 20260201-4 for additional context

Regulatory Changes

No regulatory changes. This is a routine index composition update.

Compliance Requirements

No specific compliance requirements for market participants. Index composition change is automatically implemented.

Important Dates

• February 2, 2026: Hannah Joseph Hospital Limited listing date on BSE
• February 3, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

This is a standard index maintenance action with minimal market impact. The addition affects the BSE SME IPO Index composition and may result in portfolio rebalancing for index-tracking funds. Market participants tracking this index should note the change for replication purposes. For queries, BSE directs clients to contact bseindex@bseindia.com.

SHAYONA ENGINEERING LIMITED (Exchange ticker 544686) will be added to the BSE SME IPO Index effective at the open of February 1, 2026. The stock is being listed on BSE on January 30, 2026. This action has been included in the end-of-day corporate action file (*.SDE).

Key Points

• SHAYONA ENGINEERING LIMITED (ticker 544686) listed on BSE effective January 30, 2026
• Stock will be added to BSE SME IPO Index on February 1, 2026
• Addition effective at market open on February 1, 2026
• Corporate action included in tonight’s end-of-day file (*.SDE)
• References Notice No. 20260129-39 for additional context

Regulatory Changes

No regulatory changes. This is a routine index constituent update.

Compliance Requirements

No specific compliance requirements. Market participants should note the index composition change for portfolio management and tracking purposes.

Important Dates

• January 30, 2026: Listing date for SHAYONA ENGINEERING LIMITED on BSE
• February 1, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index maintenance action following the listing of a new SME company. Index fund managers tracking the BSE SME IPO Index may need to adjust their portfolios to include this stock. The action has been communicated through the standard corporate action file for automated processing.

SHAYONA ENGINEERING LIMITED (Exchange ticker 544686) will be added to the BSE SME IPO Index effective at the open of Sunday, February 1, 2026. The stock is being listed on BSE effective Friday, January 30, 2026. This action has been included in the end-of-day corporate action file (*.SDE).

Key Points

• SHAYONA ENGINEERING LIMITED (ticker 544686) listed on BSE on January 30, 2026
• Stock will be added to BSE SME IPO Index
• Addition effective at market open on February 1, 2026
• Corporate action included in end-of-day file (*.SDE)
• Notice references prior Notice No. 20260129-39

Regulatory Changes

No regulatory changes. This is a routine index constituent addition following the listing of a new SME company.

Compliance Requirements

No specific compliance requirements. Index tracking funds and market participants should note the index composition change for rebalancing purposes. For queries, contact bseindex@bseindia.com.

Important Dates

• January 30, 2026: SHAYONA ENGINEERING LIMITED listing date on BSE
• February 1, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a routine index addition affecting only the BSE SME IPO Index. Impact is limited to:

• Index tracking funds that replicate the BSE SME IPO Index will need to include this stock
• Passive investment flows into the stock from index funds
• Enhanced visibility for SHAYONA ENGINEERING LIMITED within the SME segment

No broader market operational or trading rule changes.

BSE announces the addition of two newly listed companies to its indices. Shadowfax Technologies Limited (ticker: 544685), listed on January 28, 2026, will be added to the BSE IPO index effective January 30, 2026. Digilogic Systems Limited (ticker: 544684), listed on the SME platform on January 28, 2026, will be added to the BSE SME IPO index effective January 29, 2026.

Key Points

• Shadowfax Technologies Limited (544685) added to BSE IPO index effective at open on January 30, 2026
• Digilogic Systems Limited (544684) added to BSE SME IPO index effective at open on January 29, 2026
• Both companies listed on BSE on January 28, 2026
• Changes included in end-of-day corporate action file (*.SDE)
• Reference notices: 20260127-50 (Shadowfax) and 20260127-49 (Digilogic)

Regulatory Changes

No regulatory changes. This is a routine index composition update following new listings.

Compliance Requirements

No compliance requirements for market participants. Index tracking funds and passive investment strategies may need to adjust portfolios to reflect the new index composition.

Important Dates

• January 28, 2026: Listing date for both Shadowfax Technologies Limited and Digilogic Systems Limited
• January 29, 2026: Digilogic Systems Limited added to BSE SME IPO index (effective at open)
• January 30, 2026: Shadowfax Technologies Limited added to BSE IPO index (effective at open)

Impact Assessment

Minimal market impact. Routine index additions following IPO listings. Index funds tracking BSE IPO and BSE SME IPO indices will need to include these securities in their portfolios. The additions reflect normal market operations and expansion of the listed universe on BSE.

BSE has announced the addition of two newly listed companies to their respective indices. SHADOWFAX TECHNOLOGIES LIMITED (ticker: 544685) will be added to the BSE IPO index effective January 30, 2026, following its listing on January 28, 2026. DIGILOGIC SYSTEMS LIMITED (ticker: 544684) will be added to the BSE SME IPO index effective January 29, 2026, following its SME platform listing on January 28, 2026.

Key Points

• SHADOWFAX TECHNOLOGIES LIMITED (544685) listed on BSE on January 28, 2026
• SHADOWFAX to be added to BSE IPO index effective at open of January 30, 2026
• DIGILOGIC SYSTEMS LIMITED (544684) listed on BSE SME platform on January 28, 2026
• DIGILOGIC to be added to BSE SME IPO index effective at open of January 29, 2026
• Actions included in end-of-day corporate action file (*.SDE)
• References Notice No: 20260127-50 for SHADOWFAX and Notice No: 20260127-49 for DIGILOGIC

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity following new listings.

Compliance Requirements

No specific compliance requirements. Index tracking funds and market participants tracking these indices should note the additions for portfolio rebalancing purposes.

Important Dates

• January 28, 2026: Both SHADOWFAX TECHNOLOGIES LIMITED and DIGILOGIC SYSTEMS LIMITED listed on BSE
• January 29, 2026: DIGILOGIC SYSTEMS LIMITED added to BSE SME IPO index (effective at open)
• January 30, 2026: SHADOWFAX TECHNOLOGIES LIMITED added to BSE IPO index (effective at open)

Impact Assessment

Low market impact. This is a routine administrative action for index maintenance following new listings. Impact is primarily on index-tracking funds and passive investment products that replicate these indices. The additions are automatically included in the end-of-day corporate action file for seamless integration into market systems. For queries, market participants can contact bseindex@bseindia.com.

BSE announced the addition of two newly listed companies to its indices. SHADOWFAX TECHNOLOGIES LIMITED (Exchange ticker: 544685) will be added to the BSE IPO index effective January 30, 2026. DIGILOGIC SYSTEMS LIMITED (Exchange ticker: 544684) will be added to the BSE SME IPO index effective January 29, 2026. Both stocks have been listed on BSE on January 28, 2026.

Key Points

• SHADOWFAX TECHNOLOGIES LIMITED (544685) listed on BSE main board on January 28, 2026
• SHADOWFAX to be added to BSE IPO index at market open on January 30, 2026
• DIGILOGIC SYSTEMS LIMITED (544684) listed on BSE SME platform on January 28, 2026
• DIGILOGIC to be added to BSE SME IPO index at market open on January 29, 2026
• Changes included in end-of-day corporate action file (*.SDE)
• References Notice No: 20260127-50 (SHADOWFAX) and Notice No: 20260127-49 (DIGILOGIC)

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

No compliance requirements. This is an informational notice about routine index additions following new listings.

Important Dates

• January 28, 2026: Listing date for both SHADOWFAX TECHNOLOGIES LIMITED and DIGILOGIC SYSTEMS LIMITED
• January 29, 2026: DIGILOGIC SYSTEMS LIMITED added to BSE SME IPO index (at market open)
• January 30, 2026: SHADOWFAX TECHNOLOGIES LIMITED added to BSE IPO index (at market open)

Impact Assessment

Minimal market impact. Routine administrative action for newly listed companies to be included in respective IPO indices. Index tracking funds and passive investment vehicles benchmarked to BSE IPO and BSE SME IPO indices may see minor portfolio adjustments. No impact on trading operations or market participants beyond standard index rebalancing procedures.

BSE announced the addition of ARITAS VINYL LIMITED (Exchange ticker: 544683) to the BSE SME IPO Index effective at the open of Tuesday, January 27, 2026. The stock is being listed on BSE on Friday, January 23, 2026.

Key Points

• ARITAS VINYL LIMITED (ticker: 544683) listed on BSE effective January 23, 2026
• Stock will be added to BSE SME IPO Index on January 27, 2026
• Addition effective at market open on January 27, 2026
• Corporate action included in end-of-day file (*.SDE)
• This action follows previous Notice No. 20260122-19

Regulatory Changes

No regulatory changes. This is a routine index composition update.

Compliance Requirements

No compliance requirements for market participants. Index composition change is informational for investors and index-tracking funds.

Important Dates

• January 23, 2026: Listing date for ARITAS VINYL LIMITED on BSE
• January 27, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index inclusion following a new SME listing. Impact limited to:

• Index tracking funds that replicate the BSE SME IPO Index may need to acquire shares
• Increased visibility for the newly listed company
• No impact on broader market operations or trading rules

BSE announces the addition of Aritas Vinyl Limited (Exchange ticker: 544683) to the BSE SME IPO Index effective January 27, 2026. The stock is being listed on BSE on January 23, 2026, with the index inclusion taking effect at the open of trading on January 27, 2026.

Key Points

• Aritas Vinyl Limited (ticker: 544683) listed on BSE on January 23, 2026
• Stock will be added to BSE SME IPO Index effective at market open on January 27, 2026
• This action references prior Notice No. 20260122-19
• Corporate action included in end-of-day corporate action file (*.SDE)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index constituent update following the listing of a new SME company.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and participants monitoring the BSE SME IPO Index should note the change in index composition.

Important Dates

• January 23, 2026: Aritas Vinyl Limited listing on BSE
• January 27, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index maintenance action affecting a single SME stock. Primary impact is on index tracking strategies and funds that replicate the BSE SME IPO Index, which will need to adjust portfolios to reflect the new constituent. The addition follows the established process for including newly listed SME IPO companies in the relevant index.

ARITAS VINYL LIMITED (Exchange ticker: 544683) will be added to the BSE SME IPO Index effective at the open of Tuesday, January 27, 2026. The stock is being listed on BSE on Friday, January 23, 2026. This action has been included in the end-of-day corporate action file.

Key Points

• ARITAS VINYL LIMITED listed on BSE effective January 23, 2026
• Exchange ticker: 544683
• Stock will be added to BSE SME IPO Index
• Addition effective at market open on January 27, 2026
• Action included in corporate action file (*.SDE)

Regulatory Changes

No regulatory changes announced. This is a routine index constituent addition.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and ETFs may need to adjust holdings to reflect the new constituent.

Important Dates

• January 23, 2026: Listing date of ARITAS VINYL LIMITED on BSE
• January 27, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index maintenance action affecting only the BSE SME IPO Index. Index funds tracking this index will need to include ARITAS VINYL LIMITED in their portfolios. Queries can be directed to bseindex@bseindia.com.

NSE has introduced the Nifty Conglomerate 50 Index, launched on September 01, 2025, to track the performance of 50 stocks from the Nifty 500 Index representing India’s major conglomerates. The index uses a periodic capped free float methodology with a base date of April 01, 2005 (base value: 1000). It can be used for benchmarking fund portfolios and launching index funds, ETFs, and structured products. The index variant includes the Nifty Conglomerate 50 Total Returns Index.

Key Points

• Comprises 50 largest stocks from each Indian conglomerate group in Nifty 500 based on 6-month average free float market capitalization
• Conglomerate group weight capped at 23% and individual stock weight capped at 10%
• Quarterly rebalancing in March, June, September, and December
• Top sectors: Financial Services (15.91%), Automobile and Auto Components (13.56%), Metals & Mining (12.66%), Information Technology (12.51%)
• Top constituents: Larsen & Toubro (10.02%), Reliance Industries (10.00%), Mahindra & Mahindra (8.20%), TCS (8.11%), Bajaj Finance (6.49%)
• Calculation frequency: End of Day
• As of December 31, 2025: P/E ratio 29.31, P/B ratio 3.97, Dividend Yield 1.03%

Regulatory Changes

No regulatory changes mandated. This is an informational circular regarding a new index product offering.

Compliance Requirements

No compliance requirements. Market participants may choose to use this index for:

• Benchmarking fund portfolios
• Launching index funds
• Creating ETFs (Exchange Traded Funds)
• Developing structured products

Important Dates

• Base Date: April 01, 2005
• Launch Date: September 01, 2025
• Index Rebalancing: Quarterly (March, June, September, December)
• Factsheet Date: December 31, 2025

Impact Assessment

Market Impact: Medium - The index provides a new benchmarking tool for India’s conglomerate sector, offering diversified exposure across 20 sectors. With 1-year returns of 10.40% (Price Return) and 11.28% (Total Return), it presents an attractive investment proposition.

Operational Impact: Low - No immediate operational changes required for market participants. Asset managers and product issuers may evaluate this index for new product launches.

Investment Implications: The index offers concentrated exposure to India’s largest business groups with built-in diversification through sector representation and capping rules, reducing concentration risk while maintaining conglomerate focus.

NSE has disseminated information about the Nifty Conglomerate 50 Index in the Futures and Options Segment. The index tracks performance of 50 stocks from Nifty 500 representing India’s major conglomerates. Launched on September 01, 2025, with base date April 01, 2005 (base value 1000), it uses periodic capped free float methodology with quarterly rebalancing. The index can be used for benchmarking, index funds, ETFs, and structured products.

Key Points

• Index comprises 50 largest stocks from Nifty 500 representing major Indian conglomerate groups
• Selection based on 6-month average free float market capitalization
• Conglomerate group weight capped at 23%, individual stock capped at 10%
• Quarterly rebalancing in March, June, September, and December
• Top holdings: Larsen & Toubro (10.02%), Reliance Industries (10.00%), M&M (8.20%), TCS (8.11%)
• Sector concentration: Financial Services (15.91%), Automobile (13.56%), Metals & Mining (12.66%), IT (12.51%)
• As of December 31, 2025: P/E ratio 29.31, P/B ratio 3.97, Dividend Yield 1.03%
• YTD return: 11.28% (Price Return), 18.12% (Total Return)
• Total Returns Index variant available

Regulatory Changes

No regulatory changes. This is an informational circular about a new index product available for derivatives trading in the F&O segment.

Compliance Requirements

No specific compliance requirements for market participants. The circular provides factsheet information for reference purposes only.

Important Dates

• Launch Date: September 01, 2025
• Base Date: April 01, 2005
• Index Rebalancing: Quarterly (March, June, September, December)
• Data as of: December 31, 2025

Impact Assessment

Market Impact: Medium - Provides new benchmarking and investment product opportunities for conglomerate-focused portfolios. Enables launch of derivative contracts, index funds, ETFs, and structured products based on conglomerate stocks.

Investor Impact: Offers diversified exposure to India’s major business houses through a single index, with built-in concentration limits preventing excessive exposure to any single group or stock.

Trading Impact: Creates potential for new F&O instruments, improving market depth and liquidity for conglomerate stocks. The quarterly rebalancing frequency provides predictability for index-tracking strategies.

BSE announces the addition of four newly listed companies to its indices. AMAGI MEDIA LABS LIMITED (ticker 544679) will be added to the BSE IPO index effective January 23, 2026. Three SME companies - NARMADESH BRASS INDUSTRIES LIMITED (544680), INDO SMC LIMITED (544681), and GRE RENEW ENERTECH LIMITED (544682) - will be added to the BSE SME IPO index effective January 22, 2026.

Key Points

• AMAGI MEDIA LABS LIMITED listed on BSE on January 21, 2026
• AMAGI MEDIA LABS to be added to BSE IPO index at market open on January 23, 2026
• Three SME companies listed on BSE SME platform on January 21, 2026
• NARMADESH BRASS INDUSTRIES, INDO SMC, and GRE RENEW ENERTECH to be added to BSE SME IPO index at market open on January 22, 2026
• Changes included in end-of-day corporate action file (*.SDE)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity following new listings.

Compliance Requirements

No specific compliance requirements. Market participants tracking these indices should note the additions for portfolio rebalancing purposes.

Important Dates

• January 21, 2026: Listing date for all four companies on BSE
• January 22, 2026: Three SME companies added to BSE SME IPO index at market open
• January 23, 2026: AMAGI MEDIA LABS added to BSE IPO index at market open

Impact Assessment

Minimal market impact. This is a routine administrative action reflecting the inclusion of newly listed companies into their respective benchmark indices. Index funds and ETFs tracking the BSE IPO and BSE SME IPO indices will need to acquire these securities as part of their rebalancing activities. The staggered effective dates (January 22 for SME stocks, January 23 for AMAGI MEDIA LABS) allow for orderly index maintenance.

BSE Index Services Private Ltd announces a significant change in the calculation methodology for three major BSE indices. Effective January 27, 2026, BSE Largecap, BSE Midcap, and BSE Smallcap indices will transition from real-time calculation to end-of-day calculation only. This change affects how frequently index values are computed and published throughout the trading day.

Key Points

• Three BSE indices will change from real-time to end-of-day calculation frequency
• Affected indices: BSE Largecap, BSE Midcap, and BSE Smallcap
• Change effective from January 27, 2026
• Queries can be directed to bseindex@bseindia.com
• BSE Index Services Private Ltd (formerly Asia Index Pvt. Ltd.) is a wholly owned subsidiary of BSE

Regulatory Changes

No regulatory changes are introduced. This is an operational change in index calculation methodology by BSE Index Services Private Ltd, transitioning the calculation frequency from continuous intraday updates to once-per-day end-of-day calculations.

Compliance Requirements

No specific compliance requirements for market participants. However, entities using these indices for:

• Investment products tracking these indices
• Trading strategies based on real-time index movements
• Risk management systems
• Portfolio benchmarking

Should update their systems and processes to accommodate the change from real-time to end-of-day index values.

Important Dates

• Notice Date: January 20, 2026
• Effective Date: January 27, 2026 - Change in calculation frequency becomes effective

Impact Assessment

Market Impact: Medium - The transition from real-time to end-of-day calculation affects data availability for three significant BSE indices covering different market capitalization segments. Market participants relying on intraday index movements for these specific indices will no longer have access to real-time values.

Operational Impact: Market participants, data vendors, and financial product providers using these indices will need to adjust their systems and expectations. Index funds and ETFs tracking these indices, algorithmic trading strategies, and real-time portfolio monitoring systems may be affected.

Data Availability: Intraday index values will no longer be available for BSE Largecap, Midcap, and Smallcap indices after January 27, 2026. Only end-of-day values will be published.

Note: BSE Sensex and other major indices not mentioned in this circular continue to be calculated in real-time.

BSE Index Services Private Ltd announces a change in the calculation frequency of three major BSE indices - BSE Largecap, BSE Midcap, and BSE Smallcap - from real-time to end-of-day calculation effective January 27, 2026. This operational change will affect how frequently these index values are updated and published.

Key Points

• Three BSE indices will move from real-time to end-of-day calculation frequency
• Affected indices: BSE Largecap, BSE Midcap, and BSE Smallcap
• Change becomes effective from January 27, 2026
• Queries can be directed to bseindex@bseindia.com
• Announcement made by BSE Index Services Private Ltd (formerly Asia Index Pvt. Ltd.)

Regulatory Changes

No regulatory changes. This is an operational modification to index calculation methodology by BSE Index Services Private Ltd.

Compliance Requirements

No compliance requirements or actions needed from market participants. This is an operational change managed by BSE Index Services.

Important Dates

• Notice Date: January 20, 2026
• Effective Date: January 27, 2026

Impact Assessment

Market Impact: Medium - The change affects data availability and frequency for three widely-tracked BSE indices. Market participants relying on real-time values for these specific indices will need to adjust their systems and processes.

Operational Impact: Users of BSE Largecap, Midcap, and Smallcap indices will receive updates only at end-of-day rather than continuously throughout trading hours. This may affect algorithmic trading strategies, portfolio tracking systems, and other applications that rely on intraday index values.

Note: The flagship SENSEX index is not affected by this change and continues with its existing calculation frequency.

BSE announces the addition of two newly listed companies to its indices. Bharat Coking Coal Limited (ticker: 544678) will be added to the BSE IPO Index effective January 21, 2026, following its listing on January 19, 2026. Defrail Technologies Limited (ticker: 544677) will be added to the BSE SME IPO Index effective January 20, 2026, after its listing on the SME platform on January 19, 2026.

Key Points

• Bharat Coking Coal Limited (544678) listed on BSE on January 19, 2026
• Will be added to BSE IPO Index at market open on January 21, 2026
• Defrail Technologies Limited (544677) listed on BSE SME platform on January 19, 2026
• Will be added to BSE SME IPO Index at market open on January 20, 2026
• Changes included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index maintenance action following new listings.

Compliance Requirements

No specific compliance requirements for market participants. Index-tracking funds and portfolios may need to adjust holdings to reflect the index composition changes.

Important Dates

• January 19, 2026: Listing date for both Bharat Coking Coal Limited and Defrail Technologies Limited
• January 20, 2026: Defrail Technologies Limited added to BSE SME IPO Index (at market open)
• January 21, 2026: Bharat Coking Coal Limited added to BSE IPO Index (at market open)

Impact Assessment

Minimal market impact. These are routine index additions following new listings. Index funds tracking BSE IPO and BSE SME IPO indices will need to acquire shares of the respective companies. The additions reflect the normal functioning of BSE’s index maintenance process and support market visibility for newly listed companies.

BSE has announced the addition of two newly listed companies to their respective IPO indices. BHARAT COKING COAL LIMITED (ticker: 544678) will be added to the BSE IPO index effective January 21, 2026, following its listing on January 19, 2026. DEFRAIL TECHNOLOGIES LIMITED (ticker: 544677) will be added to the BSE SME IPO index effective January 20, 2026, following its SME platform listing on January 19, 2026.

Key Points

• BHARAT COKING COAL LIMITED (544678) listed on BSE main board on January 19, 2026
• Addition to BSE IPO index effective at open on January 21, 2026
• DEFRAIL TECHNOLOGIES LIMITED (544677) listed on BSE SME platform on January 19, 2026
• Addition to BSE SME IPO index effective at open on January 20, 2026
• Both actions included in end-of-day corporate action file (*.SDE)
• References prior notices 20260116-39 and 20260116-41

Regulatory Changes

No regulatory changes. This is a standard index reconstitution following new IPO listings.

Compliance Requirements

No specific compliance requirements for market participants. Index additions are administrative actions managed by BSE Index Services.

Important Dates

• January 19, 2026: Listing date for both BHARAT COKING COAL LIMITED and DEFRAIL TECHNOLOGIES LIMITED
• January 20, 2026: DEFRAIL TECHNOLOGIES LIMITED added to BSE SME IPO index (at open)
• January 21, 2026: BHARAT COKING COAL LIMITED added to BSE IPO index (at open)

Impact Assessment

Minimal market impact. These are routine index additions for newly listed IPO companies to their respective benchmark indices. The additions follow standard BSE procedures for incorporating new listings into IPO tracking indices. Index funds and ETFs tracking these indices may need to adjust holdings accordingly. No impact on trading parameters or market operations.

BSE Index Services Private Ltd (formerly Asia Index Pvt. Ltd.) has announced the Index Reconstitution Calendar for BSE Indices for the year 2026. The calendar provides scheduled dates for periodic review and rebalancing of index constituents. The calendar is subject to change due to unforeseen circumstances, with separate announcements to be issued for any alterations.

Key Points

• Index reconstitution calendar released for BSE Indices for calendar year 2026
• Calendar includes scheduled dates for periodic review and rebalancing activities
• Detailed schedule available in Excel format on BSE Indices website
• Calendar may be altered due to unforeseen circumstances with advance notice
• Issued by BSE Index Services Private Ltd (formerly Asia Index Pvt. Ltd.)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes introduced. This is an informational circular providing the scheduled calendar for routine index maintenance activities.

Compliance Requirements

No specific compliance requirements. Index fund managers, passive investors, and market participants should:

• Review the reconstitution calendar for planning purposes
• Monitor for any updates or changes to the published schedule
• Access the detailed Excel file from the BSE Indices website for specific dates

Important Dates

• Notice Date: January 19, 2026
• Detailed calendar available at: https://www.bseindices.com/Downloads/Index Reconstitution Calendar 2026.xlsx
• Specific reconstitution dates to be referenced from the downloadable Excel file

Impact Assessment

Market Impact: Medium. The index reconstitution calendar affects index fund managers and passive investment strategies that track BSE indices. Scheduled reconstitutions can lead to predictable trading activity as funds rebalance portfolios to match updated index compositions.

Operational Impact: Index fund managers and institutional investors tracking BSE indices need to incorporate these dates into their operational planning for portfolio rebalancing, liquidity management, and transaction cost analysis. The advance notice allows market participants to prepare for increased trading volumes around reconstitution dates.

BSE Index Services Private Ltd has announced the Index Reconstitution Calendar for BSE Indices for the year 2026. The calendar provides scheduled dates for periodic review and rebalancing of BSE indices. The calendar is subject to change due to unforeseen circumstances, with separate announcements to be issued for any alterations.

Key Points

• Index reconstitution calendar for 2026 has been published by BSE Index Services Private Ltd
• Calendar covers all BSE Indices for the year 2026
• Excel file with detailed schedule available for download at https://www.bseindices.com/Downloads/Index Reconstitution Calendar 2026.xlsx
• Calendar may be altered or changed due to unforeseen circumstances
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is an informational announcement regarding scheduled index maintenance activities.

Compliance Requirements

• Index tracking funds and portfolio managers should review the reconstitution calendar
• Market participants should monitor the published calendar for planned index changes
• Stakeholders should watch for separate announcements if the calendar is modified

Important Dates

• Notice Date: January 19, 2026
• Applicable Period: Calendar year 2026
• Specific reconstitution dates are available in the downloadable Excel file

Impact Assessment

The index reconstitution calendar provides advance visibility into scheduled changes to BSE Indices throughout 2026. This affects:

• Index Funds: Passive funds tracking BSE indices will need to rebalance portfolios on reconstitution dates
• Portfolio Managers: Active managers benchmarked against BSE indices should plan for composition changes
• Trading Activity: Reconstitution events typically generate increased trading volumes in affected securities
• Market Liquidity: Advance notice allows market participants to prepare for potential liquidity needs during reconstitution periods

The publication of a full-year calendar enhances market transparency and allows for better planning by all market participants.

BSE Index Services Private Ltd announces the reconstitution of multiple BSE indices effective at the open of Tuesday, February 3, 2026. The changes include the addition of ICICI Prudential Asset Management Company Limited (ticker: 544658) to four indices and Meesho Ltd (ticker: 544632) to four indices. Additionally, two trusts - Knowledge Realty Trust (ticker: 544481) and Anantam Highways Trust (ticker: 544579) - will be added to the BSE REITs and InvITs Index. No securities are being dropped from any of these indices. These changes are based on methodology notices 20251029-21 and 20260113-33.

Key Points

• ICICI Prudential Asset Management Company Limited (544658) added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Financial Services indices
• Meesho Ltd (544632) added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Consumer Discretionary indices
• Knowledge Realty Trust (544481) and Anantam Highways Trust (544579) added to BSE REITs and InvITs Index
• No securities are being removed from any indices in this reconstitution
• Changes based on methodology notices 20251029-21 and 20260113-33
• Actions included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard index reconstitution based on existing methodology.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers and passive investment vehicles tracking these indices will need to rebalance their portfolios to reflect the new index composition.

Important Dates

• January 19, 2026: Notice date and announcement of reconstitution
• January 27, 2026: SDE file for BSE REITs and InvITs Index will begin including newly added constituents
• February 3, 2026: Effective date for all reconstitution changes at market open

Impact Assessment

Market Impact: The addition of ICICI Prudential AMC and Meesho to multiple large-cap and broad market indices will drive passive investment flows into these securities as index funds rebalance. Both companies are recent listings and their inclusion in major indices represents recognition of their market capitalization and liquidity.

Index Funds Impact: Index funds and ETFs tracking BSE Allcap, LargeCap, LargeMidCap, Financial Services, and Consumer Discretionary indices will need to purchase shares of the newly added constituents on or before the effective date.

REITs/InvITs Segment: The addition of Knowledge Realty Trust and Anantam Highways Trust enhances the representation of the REITs and InvITs segment in BSE indices, potentially increasing investor attention to these alternative investment vehicles.

No Deletion Impact: The absence of any deletions means no stocks face potential selling pressure from index-related outflows, making this a purely additive reconstitution event.

YAJUR FIBRES LIMITED (Exchange ticker: 544676) will be added to the BSE SME IPO Index effective at the open of Friday, January 16, 2026. This follows the company’s listing on BSE on Wednesday, January 14, 2026. The addition is a standard index maintenance action following a new SME listing.

Key Points

• YAJUR FIBRES LIMITED (544676) listed on BSE on January 14, 2026
• Stock will be added to BSE SME IPO Index effective January 16, 2026 at market open
• Action included in end-of-day corporate action file (*.SDE)
• Index queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and investors following the BSE SME IPO Index should note the addition for portfolio rebalancing purposes.

Important Dates

• January 14, 2026: YAJUR FIBRES LIMITED listing date on BSE
• January 16, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index inclusion following an SME IPO listing. Impact limited to:

• Index tracking funds that replicate the BSE SME IPO Index may need to include this stock
• Increased visibility for YAJUR FIBRES LIMITED among index-focused investors
• No trading restrictions or operational changes for market participants

YAJUR FIBRES LIMITED (Exchange ticker: 544676) will be added to the BSE SME IPO Index effective at the open of Friday, January 16, 2026. The company is being listed on BSE on Wednesday, January 14, 2026. This is a standard index inclusion following the company’s listing on the exchange.

Key Points

• YAJUR FIBRES LIMITED (ticker: 544676) listed on BSE on January 14, 2026
• Stock will be added to BSE SME IPO Index on January 16, 2026
• Addition effective at market open on the specified date
• Action included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity.

Compliance Requirements

No specific compliance requirements for market participants. Index constituents are automatically updated through the corporate action file.

Important Dates

• January 14, 2026: YAJUR FIBRES LIMITED listing date on BSE
• January 16, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a routine index inclusion for a newly listed SME company. Impact is limited to passive funds and strategies tracking the BSE SME IPO Index, which will need to acquire shares of YAJUR FIBRES LIMITED to maintain index alignment. Queries regarding the index can be directed to bseindex@bseindia.com.

YAJUR FIBRES LIMITED (Exchange ticker 544676) is being added to the BSE SME IPO Index effective January 16, 2026, following its listing on BSE on January 14, 2026. This is a routine index maintenance action following a new listing on the SME platform.

Key Points

• YAJUR FIBRES LIMITED (ticker 544676) listed on BSE on Wednesday, January 14, 2026
• Stock will be added to BSE SME IPO Index effective at market open on Friday, January 16, 2026
• Action included in end-of-day corporate action file (*.SDE)
• Notice references prior Notice No. 20260113-25

Regulatory Changes

No regulatory changes. This is a standard index maintenance activity.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers tracking the BSE SME IPO Index may need to adjust portfolio compositions.

Important Dates

• January 14, 2026: YAJUR FIBRES LIMITED listing date on BSE
• January 16, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a routine index addition following a new SME listing. Primary impact is on:

• Index fund managers who track the BSE SME IPO Index and need to rebalance portfolios
• Investors in YAJUR FIBRES LIMITED who may see potential inflows from index-tracking funds
• No trading rule changes or operational impacts for brokers or market participants

GABION TECHNOLOGIES INDIA LIMITED (Exchange ticker: 544675) will be added to the BSE SME IPO Index effective at the open of Wednesday, January 14, 2026. The stock is being listed on BSE effective Tuesday, January 13, 2026.

Key Points

• GABION TECHNOLOGIES INDIA LIMITED (ticker: 544675) to be added to BSE SME IPO Index
• Stock listing on BSE: January 13, 2026
• Index addition effective date: January 14, 2026 (at market open)
• Action included in end-of-day corporate action file (*.SDE)
• This follows reference to Notice No. 20260112-35

Regulatory Changes

No regulatory changes. This is a routine index constituent update.

Compliance Requirements

No specific compliance requirements. Market participants should note the index composition change for rebalancing and tracking purposes.

Important Dates

• January 13, 2026: Stock listing on BSE
• January 14, 2026: Addition to BSE SME IPO Index (effective at market open)

Impact Assessment

This is a routine index addition with minimal market impact. Index tracking funds and ETFs benchmarked to the BSE SME IPO Index will need to adjust their portfolios to include GABION TECHNOLOGIES INDIA LIMITED. For queries, market participants can contact bseindex@bseindia.com.

BSE has announced the addition of Gabion Technologies India Limited (Exchange ticker 544675) to the BSE SME IPO Index. The company is being listed on BSE effective Tuesday, January 13, 2026, and will be added to the index at the open of Wednesday, January 14, 2026. This is a standard corporate action following the company’s listing on the BSE SME platform.

Key Points

• Gabion Technologies India Limited (ticker: 544675) listing on BSE effective January 13, 2026
• Addition to BSE SME IPO Index effective at market open on January 14, 2026
• Action included in end-of-day corporate action file (*.SDE)
• This follows Notice No. 20260112-35 issued previously
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index maintenance action following the listing of a new SME company.

Compliance Requirements

No specific compliance requirements for market participants. Index providers and fund managers tracking the BSE SME IPO Index should update their portfolios accordingly.

Important Dates

• January 13, 2026 (Tuesday): Gabion Technologies India Limited listing effective on BSE
• January 14, 2026 (Wednesday): Addition to BSE SME IPO Index effective at market open

Impact Assessment

Market Impact: Low. This is a routine index addition following an SME listing. The impact is limited to investors and funds that track the BSE SME IPO Index specifically.

Operational Impact: Minimal. Index tracking funds will need to adjust their portfolios to include the new constituent, but this is standard index maintenance.

Investor Impact: Relevant only to investors tracking or benchmarked against the BSE SME IPO Index. The addition provides exposure to the newly listed Gabion Technologies India Limited for passive investors in this index.

BSE Index Services Pvt Ltd announces methodology changes to the BSE REIT & INVIT Index effective February 3, 2026. The key changes include modification of the reference price calculation date for constituent weightings (from Wednesday to Monday prior to the second Friday of rebalancing month), introduction of a minimum 65% aggregate weight requirement for REITs at basic industry level, and implementation of fast-tracked IPO provisions for significantly sized REIT/INVIT listings.

Key Points

• Methodology changes effective from February 3, 2026
• Reference price calculation date changed from Wednesday to Monday prior to second Friday of rebalancing month
• New requirement: REITs classified at basic industry level must have minimum 65% aggregate weight
• Fast-tracked IPO provision introduced for immediate inclusion of significantly sized REIT/INVIT IPOs
• Eligible IPOs must have trading frequency above 80% and float-adjusted market cap above INR 100 crores
• Existing capping rules remain: individual security capped at 33%, top three securities aggregate capped at 63%
• Equal weighting applies when index has three or fewer stocks

Regulatory Changes

Reference Price Calculation:

• Previous: Closing prices on Wednesday prior to second Friday of rebalancing month
• New: Closing prices on Monday prior to second Friday of rebalancing month

Constituent Weighting Rules:

• New requirement added: Constituents classified as REITs at basic industry level must maintain minimum aggregate weight of 65%
• Existing capping rules maintained: 33% per security, 63% for top three securities aggregate
• Equal weighting applies for indices with ≤3 stocks
• 33% cap applies for indices with 4 stocks

Fast-Tracked IPO Inclusion:

• Previously: Not applicable
• New: Significantly sized REIT/INVIT IPOs can be immediately included
• Eligibility criteria: Trading frequency >80% during reference period, float-adjusted market cap >INR 100 crores

Compliance Requirements

• Index constituents and passive fund managers tracking the BSE REIT & INVIT Index should prepare for rebalancing based on new methodology
• Fund managers must account for the modified reference price calculation date in their rebalancing schedules
• Compliance with minimum 65% REIT aggregate weight requirement for portfolio construction
• Monitor newly listed REIT/INVIT IPOs that may qualify for fast-track inclusion between regular rebalancing cycles

Important Dates

• February 3, 2026: Effective date for methodology changes
• Quarterly Rebalancing: Effective at open of Monday following third Friday of March, June, September, and December
• Reference Price Date: Monday prior to second Friday of rebalancing month

Impact Assessment

Market Impact: Medium - The methodology changes will affect index composition and weighting calculations, impacting passive funds and ETFs tracking the BSE REIT & INVIT Index. The shift in reference price date from Wednesday to Monday may result in different constituent weights compared to the previous methodology.

Operational Impact: Index fund managers will need to adjust their rebalancing processes to accommodate the new reference date and ensure compliance with the 65% minimum REIT weight requirement. The introduction of fast-tracked IPO provisions allows for more timely inclusion of significant new REIT/INVIT listings, potentially reducing tracking error for passive funds.

Investment Impact: The minimum 65% aggregate weight requirement for REITs ensures the index maintains its primary focus on real estate investment trusts while allowing INVIT exposure. Fast-track provisions improve index representativeness by enabling quicker inclusion of major new listings.

BSE Index Services Private Limited has announced the monthly reconstitution results for the BSE IPO Index and BSE SME IPO Index. A total of 13 stocks will be dropped from the BSE IPO Index and 11 stocks will be dropped from the BSE SME IPO Index. These changes will be effective at the open of trading on Monday, January 19, 2026. The reconstitution has been included in the end-of-day corporate action file.

Key Points

• Monthly reconstitution of BSE IPO and BSE SME IPO Indices announced
• 13 stocks to be removed from BSE IPO Index
• 11 stocks to be removed from BSE SME IPO Index
• Changes reflect routine index maintenance based on eligibility criteria
• Corporate action file updated with reconstitution details

Regulatory Changes

No regulatory changes. This is a routine index maintenance activity conducted by BSE Index Services Private Limited.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers and portfolio managers tracking these indices may need to adjust their portfolios to reflect the reconstitution.

Important Dates

• Notice Date: January 9, 2026
• Effective Date: January 19, 2026 (at market open)

Impact Assessment

Market Impact: Low. This is a routine monthly reconstitution affecting specialized indices that track recently listed IPO stocks. The removal of stocks from these indices is part of the natural graduation process as IPOs age out of the index eligibility window.

Operational Impact: Minimal. Index funds and ETFs tracking these indices will need to rebalance portfolios. The stocks being dropped will continue to trade normally and may be part of other broader BSE indices.

Stocks Affected:

BSE IPO Index (13 stocks dropped):

• International Gemmological Institute India Limited (544311)
• Sanathan Textiles Limited (544314)
• Concord Enviro Systems Limited (544315)
• Dam Capital Advisors Limited (544316)
• Transrail Lighting Limited (544317)
• Mamata Machinery Limited (544318)
• Senores Pharmaceuticals Limited (544319)
• Carraro India Limited (544320)
• Ventive Hospitality Limited (544321)
• Unimech Aerospace and Manufacturing Limited (544322)
• Indo Farm Equipment Limited (544328)
• Standard Glass Lining Technology Limited (544333)
• Quadrant Future Tek Limited (544336)

BSE SME IPO Index (11 stocks dropped):

• Hamps Bio Limited (544312)
• Nacdac Infrastructure Limited (544313)
• Citichem India Limited (544324)
• Technichem Organics Limited (544327)
• Leo Dryfruits & Spices Trading Limited (544329)
• Parmeshwar Metal Limited (544330)
• Davin Sons Retail Limited (544331)
• Fabtech Technologies Cleanrooms Limited (544332)
• Indobell Insulations Limited (544334)
• B.R.Goyal Infrastructure Limited (544335)
• Avax Apparels and Ornaments Limited (544337)

BSE Index Services Private Limited has announced the monthly reconstitution results for BSE IPO and BSE SME IPO Indices. A total of 24 securities will be dropped from these indices, with 13 stocks being removed from the BSE IPO Index and 11 stocks from the BSE SME IPO Index. The reconstitution will become effective at market open on Monday, January 19, 2026.

Key Points

• Monthly reconstitution of BSE IPO and BSE SME IPO Indices announced
• 13 stocks to be dropped from BSE IPO Index
• 11 stocks to be dropped from BSE SME IPO Index
• Reconstitution actions included in the end-of-day corporate action file (*.SDE)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine monthly index maintenance activity.

Compliance Requirements

No specific compliance requirements for market participants. Index fund managers and passive investors tracking these indices should note the changes for portfolio rebalancing purposes.

Important Dates

• Notice Date: January 9, 2026
• Effective Date: January 19, 2026 (at market open)
• Corporate Action File Update: January 9, 2026 (end-of-day)

Impact Assessment

Market Impact: Medium - The reconstitution will affect passive funds and ETFs tracking the BSE IPO and BSE SME IPO Indices. The removal of 24 securities may trigger sell pressure from index funds that need to rebalance their portfolios before the effective date.

Affected Securities: Companies being dropped from the indices may experience reduced institutional ownership and potentially lower liquidity as passive funds divest their holdings. The BSE IPO Index will see removal of larger IPO companies including International Gemmological Institute India Limited, Dam Capital Advisors Limited, and Transrail Lighting Limited, while the BSE SME IPO Index will drop smaller SME listings.

Investor Impact: Passive investors and fund managers tracking these indices need to adjust their portfolios accordingly. Active traders may find short-term trading opportunities around the reconstitution date.

BSE announces the addition of Modern Diagnostic & Research Centre Limited (Exchange ticker: 544673) to the BSE SME IPO Index effective at the open of Thursday, January 08, 2026. The company is being listed on BSE on Wednesday, January 07, 2026.

Key Points

• Modern Diagnostic & Research Centre Limited (544673) listed on BSE on January 07, 2026
• Stock will be added to BSE SME IPO Index on January 08, 2026
• Addition effective at market open on January 08, 2026
• Corporate action included in end-of-day corporate action file (*.SDE)
• Reference made to Notice No. 20260106-16

Regulatory Changes

No regulatory changes. This is a routine index constituency update following a new SME listing.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and ETFs may need to rebalance portfolios to reflect the new index composition.

Important Dates

• January 07, 2026: Modern Diagnostic & Research Centre Limited listing date on BSE
• January 08, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Market Impact: Minimal. This is a routine index addition affecting only the BSE SME IPO Index.

Operational Impact: Index funds tracking the BSE SME IPO Index will need to include this stock in their portfolios. The addition has been communicated in advance to allow for proper rebalancing.

Investor Impact: Passive investors tracking the BSE SME IPO Index will gain exposure to Modern Diagnostic & Research Centre Limited through their index holdings.

BSE has announced that Modern Diagnostic & Research Centre Limited (Exchange ticker: 544673) will be added to the BSE SME IPO Index effective at the open of Thursday, January 08, 2026. The company is being listed on BSE effective Wednesday, January 07, 2026.

Key Points

• Modern Diagnostic & Research Centre Limited (ticker: 544673) to be added to BSE SME IPO Index
• Company listing date: January 07, 2026
• Index addition effective date: January 08, 2026 (at market open)
• Action included in end-of-day corporate action file (*.SDE)
• Reference made to Notice No. 20260106-16 for listing details

Regulatory Changes

No regulatory changes. This is a standard index constituent addition following the listing of a new company.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

• January 07, 2026: Modern Diagnostic & Research Centre Limited listing on BSE
• January 08, 2026: Stock addition to BSE SME IPO Index effective at market open

Impact Assessment

Minimal market impact. This is a routine index maintenance activity affecting only the BSE SME IPO Index. Index tracking funds and portfolios benchmarked to the BSE SME IPO Index will need to adjust their holdings to reflect the new constituent. No impact on broader market operations or trading mechanisms.

BSE announces the addition of Modern Diagnostic & Research Centre Limited (Exchange ticker: 544673) to the BSE SME IPO Index. The stock is being listed on BSE on January 07, 2026, and will be added to the index effective at the open of trading on January 08, 2026. This action is part of routine index maintenance following the company’s listing.

Key Points

• Modern Diagnostic & Research Centre Limited (544673) listed on BSE on January 07, 2026
• Stock will be added to BSE SME IPO Index effective January 08, 2026
• Addition references Notice No. 20260106-16
• Action included in end-of-day corporate action file (*.SDE)
• Queries to be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes announced. This is a routine index composition update.

Compliance Requirements

No specific compliance requirements. Index participants and investors tracking the BSE SME IPO Index should note the composition change for portfolio adjustments.

Important Dates

• January 07, 2026: Listing date for Modern Diagnostic & Research Centre Limited on BSE
• January 08, 2026: Effective date for index addition (at market open)

Impact Assessment

Minimal market impact. This is a standard index inclusion following a new SME IPO listing. Index funds and ETFs tracking the BSE SME IPO Index will need to acquire shares of Modern Diagnostic & Research Centre Limited. The inclusion may provide additional liquidity and visibility for the newly listed stock among index investors.

BSE has announced the addition of four newly listed SME companies to the BSE SME IPO Index effective January 1, 2026. The companies - Nanta Tech Limited, Admach Systems Limited, Bai-Kakaji Polymers Limited, and Apollo Techno Industries Limited - were listed on BSE on December 31, 2025 and will be included in the index at the open of trading on January 1, 2026.

Key Points

• Four SME companies being added to BSE SME IPO Index
• All four stocks listed on BSE on December 31, 2025
• Index inclusion effective at market open on January 1, 2026
• Changes included in end-of-day corporate action file (*.SDE)

Stocks Added to Index

Important Dates

• December 31, 2025: Listing date for all four companies on BSE
• January 1, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

This is a routine administrative action following the listing of new SME companies. The addition of these four stocks to the BSE SME IPO Index will have minimal direct market impact but provides index tracking opportunities for investors focused on newly listed SME stocks. Index funds or ETFs tracking the BSE SME IPO Index will need to rebalance to include these securities.

BSE announced the addition of four newly listed companies to the BSE SME IPO Index effective January 01, 2026. The companies - NANTA TECH LIMITED (544668), ADMACH SYSTEMS LIMITED (544669), BAI-KAKAJI POLYMERS LIMITED (544670), and APOLLO TECHNO INDUSTRIES LIMITED (544671) - are being listed on BSE on December 31, 2025, and will be included in the index at the open of trading on January 01, 2026.

Key Points

• Four companies being added to BSE SME IPO Index
• NANTA TECH LIMITED (Exchange ticker: 544668)
• ADMACH SYSTEMS LIMITED (Exchange ticker: 544669)
• BAI-KAKAJI POLYMERS LIMITED (Exchange ticker: 544670)
• APOLLO TECHNO INDUSTRIES LIMITED (Exchange ticker: 544671)
• Listing date: December 31, 2025
• Index inclusion effective: January 01, 2026 (at market open)
• Changes included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index composition update following the listing of new SME companies.

Compliance Requirements

No compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

• December 31, 2025: Listing date for the four companies on BSE
• January 01, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Limited market impact. This is a routine administrative update to the BSE SME IPO Index composition following the listing of four new SME companies. Index tracking funds and products linked to the BSE SME IPO Index will need to adjust their portfolios to include these securities. The additions were included in the end-of-day corporate action file for automated processing by market systems.

BSE has announced the addition of four newly listed SME companies to the BSE SME IPO Index effective at the open of January 1, 2026. The companies—NANTA TECH LIMITED, ADMACH SYSTEMS LIMITED, BAI-KAKAJI POLYMERS LIMITED, and APOLLO TECHNO INDUSTRIES LIMITED—were listed on BSE on December 31, 2025.

Key Points

• Four companies to be added to BSE SME IPO Index on January 1, 2026
• NANTA TECH LIMITED (Exchange ticker: 544668)
• ADMACH SYSTEMS LIMITED (Exchange ticker: 544669)
• BAI-KAKAJI POLYMERS LIMITED (Exchange ticker: 544670)
• APOLLO TECHNO INDUSTRIES LIMITED (Exchange ticker: 544671)
• All four stocks listed on BSE on December 31, 2025
• Corporate actions included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index composition update following the listing of new SME companies.

Compliance Requirements

No specific compliance requirements for market participants. Index providers and fund managers tracking the BSE SME IPO Index will need to adjust their portfolios accordingly.

Important Dates

• December 31, 2025: Listing date for all four companies on BSE
• January 1, 2026: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Market Impact: Low. Routine index addition affecting only the BSE SME IPO Index.

Operational Impact: Minimal. Index funds and ETFs tracking the BSE SME IPO Index will need to rebalance portfolios to include these four stocks. The additions were included in the end-of-day corporate action file for automated processing.

Investor Impact: Limited to investors tracking or invested in the BSE SME IPO Index. The addition of four stocks represents standard index maintenance following new listings.

BSE announces the addition of two newly listed companies to their respective indices. Gujarat Kidney and Super Speciality Limited (544666) will be added to the BSE IPO index effective January 1, 2026, following its listing on December 30, 2025. Dachepalli Publishers Limited (544667) will be added to the BSE SME IPO index effective December 31, 2025, following its listing on the SME platform on December 30, 2025.

Key Points

• Gujarat Kidney and Super Speciality Limited (Exchange ticker: 544666) listed on BSE on December 30, 2025
• Gujarat Kidney to be added to BSE IPO index at market open on January 1, 2026
• Dachepalli Publishers Limited (Exchange ticker: 544667) listed on BSE SME platform on December 30, 2025
• Dachepalli Publishers to be added to BSE SME IPO index at market open on December 31, 2025
• Changes included in end-of-day corporate action file (*.SDE)
• References prior notices: 20251229-15 and 20251229-31

Regulatory Changes

No regulatory changes. This is a routine index maintenance action following standard procedures for adding newly listed companies to relevant indices.

Compliance Requirements

No specific compliance requirements for market participants. Index composition changes are automatically reflected in corporate action files.

Important Dates

• December 30, 2025: Listing date for both Gujarat Kidney and Super Speciality Limited and Dachepalli Publishers Limited
• December 31, 2025: Dachepalli Publishers Limited added to BSE SME IPO index (at market open)
• January 1, 2026: Gujarat Kidney and Super Speciality Limited added to BSE IPO index (at market open)

Impact Assessment

Minimal market impact. These are standard index additions for newly listed IPO companies to their respective benchmark indices (BSE IPO and BSE SME IPO). Index tracking funds and passive investment strategies following these indices will need to incorporate these stocks. The additions reflect normal market operations and do not affect trading of existing securities.

BSE has announced the addition of Global Ocean Logistics India Limited (Exchange ticker: 544665) to the BSE SME IPO Index. The stock is being listed on BSE on December 24, 2025, and will be added to the index at the open of trading on December 26, 2025.

Key Points

• Global Ocean Logistics India Limited (ticker: 544665) listed on BSE on December 24, 2025
• Stock will be added to BSE SME IPO Index effective December 26, 2025
• This follows Notice No. 20251223-35
• Action included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

• December 24, 2025: Listing of Global Ocean Logistics India Limited on BSE
• December 26, 2025: Stock added to BSE SME IPO Index at market open

Impact Assessment

Minimal market impact. This is a routine administrative action affecting only the BSE SME IPO Index composition. The addition of a single stock to a specialized SME index has limited implications for broader market participants. Index fund managers tracking the BSE SME IPO Index will need to rebalance portfolios accordingly.

BSE has announced the addition of Global Ocean Logistics India Limited (Exchange ticker: 544665) to the BSE SME IPO Index effective at the open of Friday, December 26, 2025. The stock is being listed on BSE effective Wednesday, December 24, 2025.

Key Points

• Global Ocean Logistics India Limited (ticker: 544665) listed on BSE on December 24, 2025
• Stock will be added to BSE SME IPO Index on December 26, 2025
• Addition effective at market open on December 26, 2025
• Action included in end-of-day corporate action file (*.SDE)
• Reference made to Notice No. 20251223-35

Regulatory Changes

No regulatory changes. This is a standard index inclusion following listing procedures.

Compliance Requirements

No specific compliance requirements. Market participants tracking the BSE SME IPO Index should note the inclusion for portfolio rebalancing purposes.

Important Dates

• December 24, 2025: Listing of Global Ocean Logistics India Limited on BSE
• December 26, 2025: Addition to BSE SME IPO Index (effective at open)

Impact Assessment

Minimal market impact. This is a routine index addition for a newly listed SME company. Index funds and ETFs tracking the BSE SME IPO Index may need to adjust holdings accordingly. The action has been communicated through standard corporate action files to facilitate smooth processing by market participants.

Global Ocean Logistics India Limited (Exchange ticker 544665) will be added to the BSE SME IPO Index effective at the open of Friday, December 26, 2025, following its listing on BSE on Wednesday, December 24, 2025.

Key Points

• Global Ocean Logistics India Limited (ticker 544665) listed on BSE on December 24, 2025
• Stock will be added to BSE SME IPO Index effective December 26, 2025 at market open
• This action has been included in the end-of-day corporate action file (*.SDE)
• Notice references prior Notice No. 20251223-35

Regulatory Changes

No regulatory changes. This is a routine index constituent addition following a new SME listing.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and products may need to adjust their portfolios to reflect the new constituent.

Important Dates

• December 24, 2025: Listing date for Global Ocean Logistics India Limited on BSE
• December 26, 2025: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index maintenance action affecting the BSE SME IPO Index. The addition follows the normal process for newly listed SME companies. Index funds tracking the BSE SME IPO Index will need to purchase shares of Global Ocean Logistics India Limited to maintain index alignment. For additional queries, market participants should contact bseindex@bseindia.com.

BSE has announced the addition of KSH INTERNATIONAL LIMITED (Exchange ticker: 544664) to the BSE IPO Index effective December 26, 2025. The stock is being listed on BSE on December 23, 2025, and will be included in the index at the open of trading on December 26, 2025.

Key Points

• KSH INTERNATIONAL LIMITED (ticker: 544664) listed on BSE on December 23, 2025
• Stock will be added to BSE IPO Index effective at open on December 26, 2025
• Action included in end-of-day corporate action file (*.SDE)
• Reference to earlier Notice No: 20251222-39 regarding the listing
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index composition update following a new listing.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and portfolios benchmarked to BSE IPO Index may need to rebalance to reflect the new constituent.

Important Dates

• December 23, 2025: Listing date for KSH INTERNATIONAL LIMITED on BSE
• December 26, 2025: Effective date for addition to BSE IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index maintenance action following a new IPO listing. Impact limited to:

• Index tracking funds benchmarked to BSE IPO Index will need to acquire shares
• Increased visibility and potential demand from passive investment strategies
• Standard corporate action processing for market participants

BSE announced the addition of KSH International Limited (Exchange ticker: 544664) to the BSE IPO Index, effective at the open of Friday, December 26, 2025. The stock was listed on BSE on Tuesday, December 23, 2025, as referenced in Notice No: 20251222-39.

Key Points

• KSH International Limited (ticker 544664) listed on BSE on December 23, 2025
• Stock will be added to BSE IPO Index effective December 26, 2025 (at market open)
• Addition included in end-of-day corporate action file (*.SDE)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index composition update following a new IPO listing.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and passive investment vehicles benchmarked to the BSE IPO Index may need to adjust their portfolios to reflect the new constituent.

Important Dates

• December 23, 2025: KSH International Limited listing date on BSE
• December 26, 2025: Effective date for addition to BSE IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index maintenance action affecting only the BSE IPO Index. The primary impact will be on:

• Index tracking funds that replicate the BSE IPO Index composition
• Passive investment strategies benchmarked to this index
• The specific stock (544664) may see additional demand from index-related buying

No broader market implications or changes to trading rules.

BSE Index Services Private Ltd announces reconstitution of multiple BSE indices effective at the open of trading on January 6, 2026. Three companies will be added across various indices: Tata Motors Ltd. (Exchange Ticker: 544569), Billionbrains Garage Ventures Ltd. (Exchange Ticker: 544603), and Lenskart Solutions Limited (Exchange Ticker: 544600). No stocks are being dropped from any index. This reconstitution follows the change in methodology notice 20251029-21.

Key Points

• Three stocks being added to multiple BSE indices with no deletions
• Tata Motors Ltd. added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Industrials
• Billionbrains Garage Ventures Ltd. added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Financial Services
• Lenskart Solutions Limited added to BSE Allcap, BSE LargeCap, BSE LargeMidCap, and BSE Consumer Discretionary
• Changes implemented per methodology notice 20251029-21
• All additions are effective at market open on January 6, 2026

Regulatory Changes

No regulatory changes announced. This is a routine index reconstitution based on previously announced methodology changes from October 29, 2025 (notice 20251029-21).

Compliance Requirements

• Index fund managers and ETF providers tracking these indices must rebalance portfolios to reflect the new composition
• Passive investment vehicles linked to affected indices need to adjust holdings at the open of January 6, 2026
• Market participants should review their index-linked strategies and ensure alignment with reconstituted indices
• Queries should be directed to bseindex@bseindia.com

Important Dates

• December 23, 2025: Announcement date (Notice No. 20251223-18)
• January 6, 2026: Effective date for all index changes (at market open)

Impact Assessment

Market Impact: Medium. The addition of three significant companies to multiple indices, particularly LargeCap and AllCap indices, will trigger rebalancing by passive funds and ETFs tracking these benchmarks. The absence of any deletions suggests net buying pressure for the three added stocks.

Sectoral Distribution: The additions span across Industrials (Tata Motors), Financial Services (Billionbrains Garage Ventures), and Consumer Discretionary (Lenskart Solutions), indicating broad-based index representation.

Fund Flow Implications: Index funds and ETFs will need to purchase shares of all three companies proportionate to their index weights, potentially creating positive price pressure. The timing at market open on January 6, 2026 provides clear execution parameters for fund managers.

Investor Considerations: Investors in index-tracking products should be aware of the composition changes and potential tracking differences during the rebalancing period. The multi-index inclusion of all three stocks indicates their significant market capitalization and liquidity status.

Neptune Logitek Limited (Exchange Ticker: 544663) will be added to the BSE SME IPO Index effective at the open of Tuesday, December 23, 2025. This follows the company’s listing on BSE on Monday, December 22, 2025.

Key Points

• Neptune Logitek Limited listed on BSE on December 22, 2025
• Stock ticker: 544663
• Addition to BSE SME IPO Index effective December 23, 2025
• Action included in end-of-day corporate action file (*.SDE)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a standard index reconstitution following a new SME listing.

Compliance Requirements

No specific compliance actions required. This is an informational notice about index composition changes.

Important Dates

• December 22, 2025: Neptune Logitek Limited listing effective on BSE
• December 23, 2025: Addition to BSE SME IPO Index effective at market open

Impact Assessment

Minimal market impact. This is a routine addition of a newly listed SME stock to the specialized BSE SME IPO Index. The change affects index tracking products and investors following the BSE SME IPO Index composition. No impact on broader market operations or trading rules.

BSE announces the addition of Neptune Logitek Limited (Exchange ticker: 544663) to the BSE SME IPO Index effective at the open of December 23, 2025. The company was listed on BSE on December 22, 2025.

Key Points

• Neptune Logitek Limited (ticker: 544663) to be added to BSE SME IPO Index
• Company listed on BSE on December 22, 2025
• Index addition effective at market open on December 23, 2025
• Action included in end-of-day corporate action file (*.SDE)
• Queries to be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index constituent addition.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and investors may need to adjust portfolios to reflect the new index composition.

Important Dates

• December 22, 2025: Neptune Logitek Limited listing date on BSE
• December 23, 2025: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Minimal market impact. This is a standard index addition following an SME IPO listing. Impact is limited to:

• Index tracking funds that may need to acquire shares to match the index composition
• Investors monitoring the BSE SME IPO Index for investment decisions
• Potential marginal increase in trading activity for Neptune Logitek Limited shares

BSE announced the addition of Neptune Logitek Limited (Exchange ticker 544663) to the BSE SME IPO Index effective at the open of Tuesday, December 23, 2025. The company is being listed on BSE effective Monday, December 22, 2025.

Key Points

• Neptune Logitek Limited (scrip code 544663) listed on BSE on December 22, 2025
• Stock will be added to BSE SME IPO Index effective December 23, 2025
• Addition follows reference to Notice No. 20251219-70
• Corporate action included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes introduced. This is a standard index reconstitution activity.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational notice regarding index composition changes.

Important Dates

• December 22, 2025: Neptune Logitek Limited listing effective date
• December 23, 2025: Stock addition to BSE SME IPO Index effective at market open

Impact Assessment

Minimal market impact. This is a routine addition of a newly listed SME company to the relevant index. Index-tracking funds and portfolios benchmarked to the BSE SME IPO Index will need to incorporate the new constituent. The action has been included in the standard corporate action file for automated processing by market participants.

BSE announced the addition of two newly listed companies to its indices. ICICI Prudential Asset Management Company Limited (ticker: 544658) will be added to the BSE IPO index effective December 23, 2025, following its listing on December 19, 2025. Stanbik Agro Limited (ticker: 544659) will be added to the BSE SME IPO index effective December 22, 2025, following its listing on the SME platform on December 19, 2025.

Key Points

• ICICI Prudential Asset Management Company Limited (544658) listed on BSE on December 19, 2025
• Stock will be added to BSE IPO index at market open on December 23, 2025
• Stanbik Agro Limited (544659) listed on BSE SME platform on December 19, 2025
• Stock will be added to BSE SME IPO index at market open on December 22, 2025
• Corporate action changes included in end-of-day file (*.SDE)
• References Notice No: 20251218-56 for ICICI Prudential and Notice No: 20251218-50 for Stanbik Agro

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

No specific compliance requirements. These are routine index additions following new listings.

Important Dates

• December 19, 2025: Listing date for both ICICI Prudential Asset Management Company Limited and Stanbik Agro Limited
• December 22, 2025: Stanbik Agro Limited added to BSE SME IPO index (at market open)
• December 23, 2025: ICICI Prudential Asset Management Company Limited added to BSE IPO index (at market open)

Impact Assessment

This is a routine administrative action with minimal market impact. Index additions following new listings are standard procedures. Investors tracking these specific indices will see the new constituents reflected after the respective effective dates. For queries, market participants can contact BSE Index Services at bseindex@bseindia.com.

BSE announces the addition of two newly listed stocks to its indices. ICICI Prudential Asset Management Company Limited (ticker: 544658) will be added to the BSE IPO index effective December 23, 2025, following its listing on December 19, 2025. Stanbik Agro Limited (ticker: 544659) will be added to the BSE SME IPO index effective December 22, 2025, following its SME platform listing on December 19, 2025.

Key Points

• ICICI Prudential Asset Management Company Limited (544658) listed on BSE mainboard on December 19, 2025
• Addition to BSE IPO index effective at market open on December 23, 2025
• Stanbik Agro Limited (544659) listed on BSE SME platform on December 19, 2025
• Addition to BSE SME IPO index effective at market open on December 22, 2025
• Both actions included in end-of-day corporate action file (*.SDE)
• References Notice No: 20251218-56 for ICICI Prudential AMC listing
• References Notice No: 20251218-50 for Stanbik Agro listing

Regulatory Changes

No regulatory changes. This is a routine administrative action for index composition management.

Compliance Requirements

No specific compliance requirements for market participants. Index addition is an administrative process managed by BSE Index Services Private Limited.

Important Dates

• December 19, 2025: Listing date for both ICICI Prudential AMC (mainboard) and Stanbik Agro Limited (SME platform)
• December 22, 2025: Stanbik Agro Limited added to BSE SME IPO index (at market open)
• December 23, 2025: ICICI Prudential AMC added to BSE IPO index (at market open)

Impact Assessment

Minimal market impact. These are routine index additions following new listings. The additions may result in passive index-tracking funds purchasing these securities to maintain index alignment. Index constituents are updated in the end-of-day corporate action file for system updates. No trading restrictions or special conditions apply. Market participants tracking these indices should adjust portfolios accordingly.

BSE announces the addition of two newly listed companies to the BSE SME IPO Index effective December 19, 2025. HRS ALUGLAZE LIMITED (Exchange ticker-544656) and PAJSON AGRO INDIA LIMITED (Exchange ticker-544657) are being listed on BSE on December 18, 2025, and will be included in the index at the open of the following day.

Key Points

• Two companies being added to BSE SME IPO Index
• HRS ALUGLAZE LIMITED - Exchange ticker 544656
• PAJSON AGRO INDIA LIMITED - Exchange ticker 544657
• Listing date: December 18, 2025
• Index inclusion effective: December 19, 2025 (at market open)
• Actions included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index composition update following new SME listings.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and ETFs may need to adjust holdings to reflect the updated index composition.

Important Dates

• December 18, 2025: Listing date for both companies on BSE
• December 19, 2025: Effective date for index inclusion (at market open)

Impact Assessment

Minimal market impact. This is a routine addition of newly listed SME companies to the BSE SME IPO Index. Impact is primarily limited to:

• Index tracking products that replicate the BSE SME IPO Index
• Investors monitoring SME segment performance
• The two companies gaining index exposure and potential increased visibility

No broader market operational or trading changes are associated with this circular.

BSE announced the addition of two newly listed companies to the BSE SME IPO Index effective December 19, 2025. HRS ALUGLAZE LIMITED (Exchange ticker-544656) and PAJSON AGRO INDIA LIMITED (Exchange ticker-544657) will be included in the index following their listing on December 18, 2025.

Key Points

• Two companies being added to BSE SME IPO Index
• HRS ALUGLAZE LIMITED (ticker: 544656) listed on December 18, 2025
• PAJSON AGRO INDIA LIMITED (ticker: 544657) listed on December 18, 2025
• Index inclusion effective at market open on December 19, 2025
• Changes included in end-of-day corporate action file (*.SDE)
• Reference notices: 20251217-56 (HRS ALUGLAZE) and 20251217-55 (PAJSON AGRO)

Regulatory Changes

No regulatory changes. This is a routine index composition update following new SME listings.

Compliance Requirements

No specific compliance requirements for market participants. Index constituents automatically updated in corporate action files.

Important Dates

• December 18, 2025: Listing date for both companies on BSE
• December 19, 2025: Effective date for index inclusion (at market open)

Impact Assessment

Minimal market impact. This is a routine administrative action adding newly listed SME companies to the BSE SME IPO Index. The inclusion may generate minor trading activity from index-tracking funds or strategies focused on the SME IPO segment. Investors tracking the BSE SME IPO Index should note the composition changes. For queries, market participants can contact bseindex@bseindia.com.

BSE announces the addition of four newly listed companies to its indices. Two companies will be added to the BSE IPO index effective December 19, 2025, and two SME companies will be added to the BSE SME IPO index effective December 18, 2025. These additions follow the respective companies’ listing on BSE on December 17, 2025.

Key Points

• PARK MEDI WORLD LIMITED (544645) and NEPHROCARE HEALTH SERVICES LIMITED (544647) to be added to BSE IPO index
• SHIPWAVES ONLINE LIMITED (544646) and UNISEM AGRITECH LIMITED (544648) to be added to BSE SME IPO index
• All four companies listed on BSE on December 17, 2025
• Index additions implemented at market open on respective effective dates
• Actions included in end-of-day corporate action file (*.SDE)

Regulatory Changes

No regulatory changes. This is a routine index maintenance action following new listings.

Compliance Requirements

No compliance requirements for market participants. Index fund managers tracking BSE IPO and BSE SME IPO indices should adjust portfolios according to standard index rebalancing procedures.

Important Dates

• December 17, 2025: Listing date for all four companies on BSE
• December 18, 2025: Effective date for BSE SME IPO index additions (SHIPWAVES ONLINE LIMITED, UNISEM AGRITECH LIMITED) at market open
• December 19, 2025: Effective date for BSE IPO index additions (PARK MEDI WORLD LIMITED, NEPHROCARE HEALTH SERVICES LIMITED) at market open

Impact Assessment

Minimal market impact. These are routine index additions following IPO listings. Impact limited to:

• Index fund portfolios tracking BSE IPO and BSE SME IPO indices will need to include these stocks
• Potential incremental demand from passive funds rebalancing
• No impact on broader market operations or trading rules

BSE has announced changes to multiple indices effective December 19, 2025, due to the demerger of DCM Shriram Industries Ltd. (ticker: 523369). The company is splitting its Chemical undertaking into DCM Shriram Fine Chemicals Ltd. and its Rayon Undertaking into DCM Shriram International Ltd. As a result, DCM Shriram Industries Ltd. will be removed from BSE SMALLCAP, BSE ALLCAP, BSE FAST MOVING CONSUMER GOODS, and BSE MIDSMALLCAP indices.

Key Points

• DCM Shriram Industries Ltd. (Exchange ticker: 523369) is being removed from four BSE indices
• Removal is due to demerger of Chemical and Rayon undertakings into separate entities
• No new additions to the affected indices in this reconstitution
• Changes are included in the end-of-day corporate action file (*.SDE)
• Queries can be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is an index reconstitution driven by corporate action (scheme of arrangement/demerger).

Compliance Requirements

Index fund managers and passive investment strategies tracking the affected indices must adjust their portfolios to reflect the removal of DCM Shriram Industries Ltd. effective from the close of trading on December 19, 2025.

Important Dates

• December 17, 2025: Circular notice date
• December 19, 2025: Effective date for index changes and demerger implementation

Impact Assessment

Affected Indices:

1. BSE SMALLCAP - DROP: DCM Shriram Industries Ltd.
2. BSE ALLCAP - DROP: DCM Shriram Industries Ltd.
3. BSE FAST MOVING CONSUMER GOODS - DROP: DCM Shriram Industries Ltd.
4. BSE MIDSMALLCAP - DROP: DCM Shriram Industries Ltd.

Market Impact:

• Passive funds and ETFs tracking these indices will need to sell DCM Shriram Industries Ltd. shares
• Potential price pressure on the stock due to index-related selling
• The two resulting entities (DCM Shriram Fine Chemicals Ltd. and DCM Shriram International Ltd.) may be considered for index inclusion in the future based on eligibility criteria
• Limited broader market impact as changes affect only one company across multiple indices

BSE announces the addition of five newly listed companies to its indices. Corona Remedies Limited and Wakefit Innovations Limited will be added to the BSE IPO index effective December 17, 2025. Three SME companies - Riddhi Display Equipments Limited, K.V. Toys India Limited, and Prodocs Solutions Limited - will be added to the BSE SME IPO index effective December 16, 2025.

Key Points

• Corona Remedies Limited (544644) and Wakefit Innovations Limited (544642) listed on BSE on December 15, 2025
• Both companies will be added to BSE IPO index at market open on December 17, 2025
• Riddhi Display Equipments Limited (544640), K.V. Toys India Limited (544641), and Prodocs Solutions Limited (544643) listed on BSE SME platform on December 15, 2025
• All three SME companies will be added to BSE SME IPO index at market open on December 16, 2025
• Changes included in end-of-day corporate action file (*.SDE)
• Queries to be directed to bseindex@bseindia.com

Regulatory Changes

No regulatory changes. This is a routine index addition following new listings.

Compliance Requirements

No compliance requirements. This is an informational notice for market participants.

Important Dates

• December 15, 2025: Listing date for all five companies on BSE
• December 16, 2025: Riddhi Display Equipments Limited, K.V. Toys India Limited, and Prodocs Solutions Limited added to BSE SME IPO index (at market open)
• December 17, 2025: Corona Remedies Limited and Wakefit Innovations Limited added to BSE IPO index (at market open)

Impact Assessment

Minimal market impact. This is a routine index maintenance action following new listings. Index funds tracking BSE IPO and BSE SME IPO indices will need to adjust their portfolios to include these newly added stocks. The staggered addition dates (December 16 for SME stocks and December 17 for mainboard stocks) allow for orderly index rebalancing.

BSE has announced the addition of METHODHUB SOFTWARE LIMITED (Exchange ticker: 544637) to the BSE SME IPO Index. The company is being listed on BSE effective December 12, 2025, and will be added to the index at the open of trading on December 15, 2025. This action has been included in the end-of-day corporate action file.

Key Points

• METHODHUB SOFTWARE LIMITED (ticker: 544637) listing on BSE effective December 12, 2025
• Stock will be added to BSE SME IPO Index on December 15, 2025
• Addition effective at market open on December 15, 2025
• Corporate action file (*.SDE) updated with this change
• Announcement references Notice No. 20251211-50

Regulatory Changes

No regulatory changes. This is a routine index constituent addition following the listing of a new SME company.

Compliance Requirements

No specific compliance requirements for market participants. Index tracking funds and ETFs that replicate the BSE SME IPO Index may need to adjust their portfolios to reflect the new constituent.

Important Dates

• December 12, 2025: METHODHUB SOFTWARE LIMITED listing on BSE
• December 15, 2025: Effective date for addition to BSE SME IPO Index (at market open)

Impact Assessment

Market Impact: Low. This is a routine addition of a newly listed SME company to the BSE SME IPO Index. The impact is limited to investors and funds tracking this specific index.

Operational Impact: Minimal. Index tracking products will need to rebalance to include the new constituent, which is a standard operational process.

Investor Impact: Relevant primarily for investors focused on the SME IPO segment and those tracking the BSE SME IPO Index. No action required for general market participants.