Description
BSE announces movement of 17 securities from rolling segment to trade-for-trade segment with 5% price band, effective October 30, 2025.
Summary
BSE has announced the transfer of 17 securities from the rolling settlement segment to the trade-for-trade (T2T) segment with a price band of 5% or lower, effective from October 30, 2025. This includes 16 securities moving to T/XT groups and 1 SME security moving to MT group. Additionally, 33 securities will be retained in the trade-for-trade segment with the same price band restrictions.
Key Points
- 16 securities shifting from rolling segment (Groups X and B) to trade-for-trade segment (Groups T and XT)
- 1 SME security (Sailani Tours N Travels Ltd) moving from Group M to Group MT
- Trade-for-trade settlement means no intraday trading; delivery-based settlement only
- Price band restricted to 5% or lower for all affected securities
- 33 existing securities to be retained in trade-for-trade segment with 5% price band
- Changes implemented as surveillance measure
Regulatory Changes
Securities moved to trade-for-trade segment will be subject to:
- Compulsory delivery-based settlement (no intraday square-off allowed)
- Maximum price movement limited to 5% or lower per trading session
- Enhanced monitoring under BSE’s surveillance framework
- Securities remain in their respective groups (T, XT, MT, TS) until further review
Compliance Requirements
- Trading members must ensure delivery-based settlement for all transactions in affected securities
- Clients must have adequate funds/securities before trading in these scrips
- No intraday leveraged positions permitted
- Brokers should update their risk management systems to reflect trade-for-trade settlement requirements
- Market participants must adjust trading strategies for affected securities
Important Dates
- Effective Date: October 30, 2025 - Securities will move to trade-for-trade segment with 5% price band
Impact Assessment
Liquidity Impact: Securities moved to trade-for-trade segment typically experience reduced trading volumes and liquidity as intraday traders exit these stocks.
Price Discovery: The 5% price band may slow price discovery and increase volatility around the band limits.
Investor Base: Shift will primarily affect day traders and intraday speculators; delivery-based investors will see minimal impact.
Market Quality: This surveillance measure aims to curb excessive speculation and ensure orderly price discovery in these securities.
Affected Securities Details
Moving to T/XT Groups (Mainboard):
- Bits Ltd (526709)
- Devine Impex Ltd (531585)
- Future Market Networks Ltd (533296)
- Gujarat Lease Financing Ltd (500174)
- Lead Financial Services Ltd (531288)
- Lyons Corporate Market Ltd (531441)
- Nivaka Fashions Ltd (542206)
- Nureca Ltd (543264)
- RSC International Ltd (530179)
- SEL Manufacturing Company Ltd (532886)
- Shree Vatsaa Finance & Leasing Ltd (532007)
- Silver Oak India Ltd (531635)
- South India Paper Mills Ltd (516108)
- Symbiox Investment & Trading Company Ltd (539278)
- Trejhara Solutions Ltd (542233)
- Vikalp Securities Ltd (531334)
Moving to MT Group (SME):
- Sailani Tours N Travels Ltd (543541)
Impact Justification
Affects trading mechanism for 17 securities by imposing trade-for-trade settlement with reduced price band, impacting liquidity and intraday trading activity for these scrips.