Description

Transfer of MITTAL SECTIONS LIMITED equity shares from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective October 30, 2025.

Summary

BSE has announced the transfer of MITTAL SECTIONS LIMITED (Scrip Code: 544575) equity shares from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective October 30, 2025. This change follows the company’s SME IPO listing and represents a transition from restrictive trading to normal rolling settlement.

Key Points

  • MITTAL SECTIONS LIMITED equity shares (Scrip Code: 544575) will move from MT Group to M Group
  • Current segment: Trade for Trade (MT Group)
  • New segment: Rolling settlement (M Group)
  • This is a post-SME IPO transition to normal trading
  • Notice issued in continuation to Exchange Notice No. 20251013-59 dated October 13, 2025
  • Contact: Mr. Anurag Jain (Tel: 022-2272 8822) for further details

Regulatory Changes

The trading mechanism for MITTAL SECTIONS LIMITED will change from Trade for Trade settlement to Rolling settlement. Trade for Trade segment typically requires compulsory delivery and has stricter settlement terms, while Rolling segment allows normal T+2 settlement with intraday trading opportunities.

Compliance Requirements

  • Trading Members must note the segment change in their systems
  • All trading in MITTAL SECTIONS LIMITED must be conducted under M Group from the effective date
  • Trading Members should update their trading terminals and back-office systems accordingly
  • Members requiring clarification should contact the designated BSE official

Important Dates

  • Notice Date: October 14, 2025
  • Previous Notice Date: October 13, 2025 (Notice No. 20251013-59)
  • Effective Date: October 30, 2025 (Thursday)

Impact Assessment

Market Impact: Medium - The transition from Trade for Trade to Rolling segment is positive for the stock’s liquidity and trading flexibility. Investors will benefit from intraday trading opportunities and standard T+2 settlement cycles instead of compulsory delivery.

Trading Impact: This change typically occurs when an SME IPO stock demonstrates sufficient trading activity and compliance, allowing it to graduate to normal trading conditions. This should improve trading volumes and market participation.

Investor Impact: Retail and institutional investors will find it easier to trade the stock with reduced settlement restrictions, potentially improving price discovery and liquidity.

Impact Justification

Segment transfer from restrictive Trade for Trade to normal Rolling settlement improves liquidity for SME IPO stock but affects single company only