A resolution was passed by certain Bombay brokers on July 9, 1875 to form an association for protecting the character, status and interest of Native share and stock brokers and for providing a hall or building for the use of the members of the association. Subsequently, by an indenture dated December 3, 1887, the Native Share and Stock Brokers Association was formally constituted. In 1957, the Exchange became the first stock exchange to be recognised by the Indian Government under SCRA.

Demutualisation Scheme

Pursuant to the requirements of SCRA, the Exchange submitted the Demutualisation Scheme to SEBI for approval. SEBI, by way of its order dated May 20, 2005 approved the Demutualisation Scheme, with certain modifications. Pursuant to the Demutualisation Scheme, the Exchange was corporatised and demutualised. The salient features of the Demutualisation Scheme included, incorporation of a company limited by shares under Section 12 of the Companies Act, 1956, segregation of ownership and management of the incorporated company from the trading rights of its members and ensuring that at least 51% of the corporatised and demutualised company was held by the public other than shareholders holding trading rights. Subsequently, the Exchange had requested SEBI for an extension of time to ensure that at least 51% of the corporatised and demutualised entity was held by the public other than shareholders holding trading rights. SEBI acceded to the Exchange's request on May 11, 2006 granting the Exchange an extension of 12 months. In order to ensure compliance with the Demutualisation Scheme, the Exchange entered into a share purchase agreement dated April 13, 2007 with (a) certain shareholders (being trading members), who had participated in an offer process of the Exchange to tender their shares to be sold; and (b) certain purchasers identified by the Exchange who were purchasing shares in accordance with the offer process of the Exchange, to facilitate the sale of 3,443,806 Equity Shares. On May 4, 2007, SEBI provided its approval for the aforesaid sale. In accordance with the provisions of the Demutualisation Scheme, every member of the Exchange or his nominee (other than the first shareholders, that is, the subscribers to the memorandum), as on the record date, were entitled to 10,000 fully paid-up Equity Shares ` 1 each of for cash at par for every membership card held by such members. Further, due to several reasons, including litigation, the membership of certain members was suspended by the Exchange and allotment of Equity Shares to such suspended members were to be held in abeyance till the continuation of such suspension. Subsequently, allotments have been made by the Exchange to certain suspended members, pursuant to revocation of their suspension, from time to time, and as on date, post consolidation of the equity shares of face value ? 1 each of the Exchange to Equity Shares of face value Rs. 2each, allotment of 910,000 Equity Shares to 14 members of the erstwhile The Stock Exchange, Mumbai are still held in abeyance due to continued suspension. For further details on the allotments, please see "Capital Structure" on page 76 of this Red Herring Prospectus. The Exchange was incorporated as a public company under the name "Bombay Stock Exchange Limited" under the provisions of the Companies Act, 1956 on August 8, 2005. Subsequently, in order to leverage brand equity of the BSE brand, the name of the Exchange was changed to "BSE Limited" and received a fresh certificate of incorporation dated July 8, 2011. The Exchange is a corporatised and demutualised entity, with 9,542 shareholders as on January ?, 2017 which includes two global exchanges as shareholders, Deutsche B”rse and Singapore Exchange.

Major events and milestones :

The table sets forth some of the major events in the history of the Exchange:

1875

-Brokers formed an association known as the `Native Share and Stock Brokers' Association'.

1887

-The Native Share and Stock Brokers' Association was formally constituted.

1957

-The Exchange was granted permanent recognition under SCRA.

1995

-The Exchange started its Bombay Online Trading System (BOLT), a screen based trading system.

2000

-SEBI approval to commence derivative trading and settlement in SEBI approved derivative contracts.

2001

-Launch of BSE TECK Index.

2005

-Incorporation of the Exchange as 'Bombay Stock Exchange Limited', pursuant to the Demutualisation Scheme.

2007

-Singapore Exchange entered into an agreement to acquire 5% stake in the Exchange for a consideration of Rs. 2,007.8 million.

-Deutsche B”rse entered into an agreement to acquire 5% stake in the Exchange for a consideration of Rs. 2,007.8 million.

2009

The Exchange launched BSE StAR MF - Mutual Fund trading platform.

2011

-The name of the Exchange was changed to its present name, `BSE Limited'.

-SEBI approval granted to the Exchange for the Exchange's SME Platform.

2013

-The Exchange entered into joint venture agreement with SPDJS for creating, developing and distributing indices and data products.

-SEBI approval granted to the Exchange for commencement of trading in the debt segment.

-Launch of Currency Derivatives segment.

2014

-Launch of Interest Rate Futures.

2015

-The Exchange partners with Confederation of Indian Industry and Indian Institute of Corporate Affairs to launch a corporate social responsibility platform 'Sammaan'.

-The Exchange entered into a memorandum of understanding to develop GIFT City.

2016

-Issuance of the postage stamp to commemorate 140 years of the Exchange.

2007

-The Golden Peacock Global Award for Corporate Social Responsibility.

2013

-ICICI Lombard and ET Now Risk Management Award in "BFSI" Category.

2014

-Asia's Best Employer Brand Award.

-CISCO Technology Award for improving asset utilisation through internet of everything.

-Asian Banker Leadership Achievement Award for the Best Managed Financial Derivative Exchange in the Asia Pacific.

2015

-Golden Peacock Award 2015 for Excellence in Corporate Governance in the financial services sector

-Skoch Order of Merit Award 2015 in India's Best - 2015 in Smart Technology.

-SKOCH Acheiver Award.

2016

-PC Quest award for New Data Centre - Most Complex Project.

2021

- BSE StAR MF inks pact with Godavari Urban Multi State Credit Co-Op Society, Nanded

- BEAM inks pact with SUFI to help develop e-spot markets for steel

-BSE E-Agricultural Markets Ltd (BEAM) has joined hands with Steel Users Federation of India (SUFI) to help develop electronic spot markets for steel and enhance efficiencies of such platforms in the country. In this regard, the two entities have signed a memorandum of understanding (MoU),

- BSE in December 2020 launched BEAM, electronic spot platform for agricultural commodities.

-BSE, or the Bombay Stock Exchange, launched Electronic Gold Receipt (EGR) on its platform on Monday, 24 October 2022.

2022

-The Company has issued Bonus Shares in the Ratio of 2:1.

2023

-BSE had launched Sensex-30 derivatives (options and futures) for the first time in 2000

2024

-The Company Acquire remaining 50% stake in Asia Index Private Limited.

2025 -The Company has issued Bonus Shares in the Ratio of 2:1. -BSE Ties Up with India Post to Expand Mutual Fund Access Nationwide.