Description
BSE transfers 30 securities to Trade to Trade (T/XT) group and 5 SME securities to MT/TS group for enhanced surveillance.
Summary
BSE has revised the classification of securities in the Trade to Trade segment. 30 companies have been transferred to the T/XT Group for enhanced surveillance, while 5 SME companies have been moved to the MT/TS Group. This action is part of BSE’s ongoing surveillance measures to monitor securities with specific risk characteristics.
Key Points
- 30 securities transferred to T/XT Group across different review categories (A, B, C, D)
- 5 SME securities moved to MT/TS Group
- Companies span various sectors including engineering, chemicals, food, technology, and consumer goods
- Notable companies include Coffee Day Enterprises, Ola Electric Mobility, Timex Group India, and Jubilant Agri
- Scrip groups affected include A, B, X, and M (SME) categories
Regulatory Changes
Securities moved to Trade to Trade segment will have:
- No intraday trading allowed
- All transactions must result in delivery
- Enhanced monitoring and surveillance
- Potential impact on liquidity and trading volumes
Compliance Requirements
- Brokers and investors must note the changed trading mechanism
- Only delivery-based trading permitted for these securities
- Enhanced due diligence required for transactions
- Compliance with revised settlement procedures
Important Dates
- Effective Date: September 4, 2025 (implementation date not explicitly mentioned but implied from circular date)
Impact Assessment
The move to Trade to Trade segment will:
- Reduce speculative trading in these securities
- Impact liquidity and trading volumes
- Require investors to take delivery of shares
- Enhance market surveillance and investor protection
- May affect share price volatility and trading patterns
Impact Justification
Significant number of companies moved to enhanced surveillance segment affecting trading liquidity and investor access