Description
M P K STEELS (I) LIMITED equity shares to be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective October 20, 2025.
Summary
BSE has announced that the equity shares of M P K STEELS (I) LIMITED (Scrip Code: 544553), an SME IPO, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective October 20, 2025. This change follows the exchange’s earlier notice dated October 3, 2025.
Key Points
- Company: M P K STEELS (I) LIMITED (SME IPO)
- Scrip Code: 544553
- Current Group: MT Group (Trade for Trade segment)
- New Group: M Group (Rolling segment)
- Effective Date: Monday, October 20, 2025
- Notice Number: 20251007-29
- Reference Notice: 20251003-54 dated October 3, 2025
Regulatory Changes
The trading mechanism for M P K STEELS (I) LIMITED will shift from Trade for Trade settlement to Rolling settlement, allowing for normal T+2 settlement cycle instead of compulsory delivery-based trading.
Compliance Requirements
Trading members should:
- Note the change in trading segment effective October 20, 2025
- Update their systems to reflect the new group classification
- Contact Mr. Anurag Jain (Tel: 022-2272 8822) for further details or clarifications
Important Dates
- October 3, 2025: Original notice issued (20251003-54)
- October 6, 2025: Circular issued date
- October 7, 2025: Notice date
- October 20, 2025: Effective date for group change
Impact Assessment
This change will improve liquidity for M P K STEELS (I) LIMITED shares by moving them from the restrictive Trade for Trade segment to the Rolling segment. The shift to M Group allows for intraday trading and normal settlement cycles, potentially increasing trading volumes and market participation. This is a standard progression for SME IPO stocks that have stabilized post-listing.
Impact Justification
Routine group migration from Trade for Trade to Rolling segment for SME IPO stock, affects trading mechanism and liquidity for this specific scrip