Description

Devinsu Trading Ltd (scrip code: 512445) has signed agreements with both depositories. The scrip will move from Group P to Group XT with trade-to-trade settlement in compulsory demat form effective October 27, 2025.

Summary

BSE has announced that Devinsu Trading Ltd (scrip code: 512445) has successfully signed agreements with both depositories (NSDL and CDSL). Effective from settlement number DR-743/2025-2026 beginning Monday, October 27, 2025, the scrip will undergo significant changes in trading and settlement parameters including group migration from P to XT, market lot reduction from 100 to 1 share, and mandatory demat settlement under trade-to-trade segment.

Key Points

  • Scrip will be traded in Trade-to-Trade (T2T) segment for reasons other than non-signing of depository agreements
  • All trades must be settled in compulsory dematerialised form
  • Market lot reduced from 100 equity shares to 1 equity share
  • Netting will not be allowed in the scrip
  • Shortages will be directly closed out
  • ISIN remains unchanged: INE07LH01016
  • Group migration from P to XT

Regulatory Changes

The scrip transitions from Group P to Group XT, indicating a change in trading restrictions. Despite being in trade-to-trade segment typically associated with depository non-compliance, this placement is for other operational reasons. The mandatory demat settlement requirement aligns with SEBI’s push for dematerialization of securities.

Compliance Requirements

  • Trading members must ensure all client trades in Devinsu Trading Ltd are settled only in dematerialised form
  • No physical settlement will be permitted
  • Members must account for the new market lot of 1 share when accepting client orders
  • Position netting is prohibited; each trade must be settled independently
  • Members must be prepared for direct close-out of any shortages without auction or other remedial mechanisms

Important Dates

  • Notice Date: October 24, 2025
  • Effective Date: Monday, October 27, 2025
  • Settlement Number: DR-743/2025-2026 onwards

Impact Assessment

Operational Impact: Trading members will need to update their systems to reflect the new market lot of 1 share and the group change to XT. The prohibition on netting may increase settlement obligations and margin requirements for members with multiple client positions.

Market Impact: The move to trade-to-trade segment with compulsory demat settlement may impact liquidity as intraday trading opportunities are eliminated. However, the signing of depository agreements is a positive development that enables dematerialized trading and settlement, improving investor protection and settlement efficiency.

Investor Impact: Retail investors benefit from the reduced market lot (from 100 to 1 share), lowering the minimum investment requirement and improving accessibility. All investors must ensure they have demat accounts as physical settlement is no longer available.

Impact Justification

Significant operational change for one specific scrip affecting trading parameters and settlement modalities, but limited to single company with restricted trading volume