Description

BSE moves 14 securities from rolling segment to trade-for-trade with 5% price band effective August 21, 2025.

Summary

BSE has announced the movement of 14 securities from the rolling segment to the trade-for-trade segment with a price band of 5% or lower, effective August 21, 2025. Additionally, 24 securities will be retained in the trade-for-trade segment under the same price band restrictions.

Key Points

  • 13 securities moving from X group to XT group (trade-for-trade)
  • 1 security moving from B group to T group (V R Films & Studios Ltd)
  • 1 SME security moving from M group to MT group (Polymac Thermoformers Ltd)
  • 23 securities retained in XT group with continued restrictions
  • 1 SME security retained in MT group
  • All changes effective from August 21, 2025

Regulatory Changes

Securities moved to trade-for-trade segment will have:

  • Mandatory delivery-based trading only
  • No intraday trading allowed
  • Price band restriction of 5% or lower
  • Enhanced surveillance measures

Compliance Requirements

  • Trading members must ensure compliance with trade-for-trade settlement requirements
  • All trades in these securities must result in delivery
  • No speculative or intraday positions allowed
  • Price movements restricted to specified bands

Important Dates

  • Effective Date: August 21, 2025
  • All trading restrictions and surveillance measures commence from this date

Impact Assessment

The move to trade-for-trade segment typically indicates:

  • Increased regulatory scrutiny on these securities
  • Reduced liquidity due to mandatory delivery requirements
  • Limited price volatility due to restricted price bands
  • Enhanced investor protection through delivery-based settlement
  • Potential impact on trading volumes for affected securities

Impact Justification

Affects trading mechanism for 15 securities with restricted price movement and enhanced surveillance