Description
BSE announces transfer of 30 scrips to T/XT Group and 5 scrips to MT/TS Group based on review criteria including price volatility and surveillance measures.
Summary
BSE has announced the revision of scrips in the Trade to Trade (T/XT) segment, transferring 30 scrips to T/XT Group and 5 scrips to MT/TS Group based on various review criteria including price volatility, surveillance measures, and compliance factors.
Key Points
- 30 scrips transferred to T/XT Group from regular trading segments
- 5 scrips transferred to MT/TS Group (SME segment)
- Multiple scrips continue to remain in T/XT Group
- Review categories include A, B, C, D, and SME classifications
- Notable companies include Coffee Day Enterprises, Ola Electric Mobility, Timex Group India
Regulatory Changes
- Scrips moved to Trade to Trade segment will have restricted trading mechanism
- All transactions in T/XT Group require compulsory delivery
- No intraday trading allowed for transferred scrips
- Enhanced surveillance measures applicable
Compliance Requirements
- Brokers must ensure compulsory delivery for all T/XT Group transactions
- Investors cannot carry forward positions in T/XT segment
- Settlement will be on T+1 basis with mandatory delivery
- Enhanced margin requirements may apply
Important Dates
- Circular date: September 4, 2025
- Implementation details to be announced separately
- Effective date for transfers not specified in this circular
Impact Assessment
- Reduced liquidity for affected scrips due to compulsory delivery requirement
- Limited speculative trading activity in transferred scrips
- Enhanced investor protection through mandatory delivery mechanism
- Potential impact on stock price volatility and trading volumes
- SME scrips in MT/TS Group will have additional restrictions
Impact Justification
Affects trading mechanism for 35 scrips moving to restricted trading segments, impacting liquidity and investor accessibility