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 equity shares of M P K STEELS (I) LIMITED (Scrip Code: 544553), an SME IPO listing, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective October 20, 2025. This change improves the stock’s trading flexibility by moving it from a more restrictive trading mechanism to regular rolling settlement.

Key Points

  • Company: M P K STEELS (I) LIMITED - SME IPO
  • Scrip Code: 544553
  • Current segment: Trade for Trade segment (MT Group)
  • New segment: Rolling segment (M Group)
  • Effective date: Monday, October 20, 2025
  • Notice references prior communication dated October 3, 2025 (Notice No. 20251003-54)
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The trading mechanism for M P K STEELS (I) LIMITED will transition from Trade for Trade (T2T) settlement to Rolling settlement. Trade for Trade segment typically requires immediate delivery and payment, while Rolling segment allows for standard T+1 settlement cycles with intraday trading opportunities.

Compliance Requirements

  • Trading Members must update their systems to reflect the group change from MT to M Group
  • Trading Members should contact the specified BSE official for clarification or technical assistance
  • Members must ensure proper categorization in their trading terminals before the effective date

Important Dates

  • October 3, 2025: Initial notice issued (Notice No. 20251003-54)
  • October 6, 2025: Circular published date
  • October 7, 2025: Official notice date
  • October 20, 2025: Effective date of group change to M Group

Impact Assessment

Market Impact: Medium - The transition from MT Group (Trade for Trade) to M Group (Rolling segment) is positive for liquidity and trading activity. Investors will benefit from:

  • Enhanced liquidity as the stock moves to regular rolling settlement
  • Ability to conduct intraday trading (not permitted in T2T)
  • Standard T+1 settlement cycle instead of compulsory delivery
  • Potential for increased trading volumes and price discovery

Operational Impact: Trading members need to reconfigure their systems and update client communications regarding the changed trading mechanism. The move indicates the company has likely met BSE’s criteria for graduation from the more restrictive T2T segment, suggesting improved compliance or stability.

Impact Justification

Segment change affects trading modality for SME IPO stock, moving from restrictive Trade for Trade to more liquid Rolling segment, improving tradability