Description
M P K STEELS (I) LIMITED equity shares will 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) 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 company’s SME IPO listing and indicates a shift in the trading mechanism for the stock.
Key Points
- Company: M P K STEELS (I) LIMITED
- Scrip Code: 544553
- Segment: SME
- Current Group: MT Group (Trade for Trade segment)
- New Group: M Group (Rolling segment)
- Effective Date: Monday, October 20, 2025
- Notice Date: October 7, 2025 (Notice No. 20251007-29)
- Previous Notice: Notice No. 20251003-54 dated October 3, 2025
Regulatory Changes
The trading mechanism for M P K STEELS (I) LIMITED will change from Trade for Trade settlement to Rolling settlement. In Trade for Trade segment, all trades must be settled through compulsory delivery, whereas Rolling segment allows for normal intraday trading and T+1 settlement. This transition typically occurs when a newly listed SME stock demonstrates adequate liquidity and compliance standards.
Compliance Requirements
- Trading members must update their systems to reflect the new group classification
- Settlement procedures should be adjusted from Trade for Trade to Rolling settlement mechanism
- Trading members requiring clarification should contact Mr. Anurag Jain at Tel. No. 022-2272 8822
Important Dates
- October 3, 2025: Initial notice issued (Notice No. 20251003-54)
- October 6, 2025: Circular issued by Assistant Vice President Hardik Bhuta
- October 7, 2025: Notice date (Notice No. 20251007-29)
- October 20, 2025: Effective date for group change
Impact Assessment
This group change is positive for M P K STEELS (I) LIMITED as it indicates:
- Improved Liquidity: Transfer to Rolling segment suggests the stock has achieved sufficient trading volumes and liquidity standards
- Enhanced Trading Flexibility: Investors will benefit from normal intraday trading instead of mandatory delivery-based trading
- Market Confidence: The move reflects BSE’s assessment that the stock meets criteria for less restrictive trading mechanisms
- Settlement Efficiency: T+1 rolling settlement provides better capital efficiency compared to Trade for Trade
The change is routine for SME stocks that successfully complete their initial listing phase and demonstrate stable trading patterns. Impact on existing shareholders is neutral to positive, with enhanced liquidity being the primary benefit.
Impact Justification
Routine group change from Trade for Trade to Rolling segment indicates improved liquidity status for SME stock, moderately beneficial for trading flexibility