Description
BSE announces trading modalities for Advance Multitech Limited including mandatory demat settlement and move to XT group from September 1, 2025.
Summary
BSE has updated trading and settlement modalities for Advance Multitech Limited (scrip code: 526331) following the company’s agreement with both depositories. The stock will move from P group to XT group and market lot will change from 100 to 1 share effective September 1, 2025.
Key Points
- Company has signed agreements with both depositories enabling demat trading
- Stock will trade in Trade-to-Trade segment with compulsory demat settlement
- Market lot reduced from 100 shares to 1 share
- Netting not allowed, shortages will be directly closed-out
- Group change from P to XT effective September 1, 2025
- Trading currently suspended, changes applicable upon revocation
Regulatory Changes
- Migration from P group to XT group
- Market lot reduction from 100 to 1 equity share
- Mandatory demat settlement for all trades
- Trade-to-Trade segment classification
Compliance Requirements
- All trades must be settled in compulsory demat form
- No netting allowed in the scrip
- Trading members must ensure demat delivery
- Shortages will face direct close-out
Important Dates
- September 1, 2025: Revised group and market lot parameters become effective
- August 29, 2025: Circular issue date
Impact Assessment
Trading Impact: Move to XT group indicates enhanced surveillance. Reduced market lot from 100 to 1 share improves accessibility for retail investors. Trade-to-Trade segment classification ensures delivery-based trading only.
Operational Impact: Mandatory demat settlement eliminates physical certificate risks. No netting facility increases settlement obligations for traders. Currently suspended stock awaits revocation for these changes to take effect.
Impact Justification
Significant trading parameter changes for specific stock affecting settlement and trading mechanics