Description
MODERN INSULATORS LTD. equity shares will be transferred from XT Group to X Group effective November 17, 2025.
Summary
BSE has notified that equity shares of MODERN INSULATORS LTD. (Scrip Code: 515008) will be transferred from the “XT” Group to the “X” Group with effect from November 17, 2025. This follows Exchange Notice No. 20251024-58 dated October 24, 2025.
Key Points
- Company: MODERN INSULATORS LTD.
- Scrip Code: 515008
- Current Group: XT Group
- New Group: X Group
- Transfer Effective Date: November 17, 2025
- This is a continuation of notice dated October 24, 2025 (Notice No. 20251024-58)
Regulatory Changes
No new regulatory changes. This is an implementation of a previously announced group transfer for the equity shares.
Compliance Requirements
- Trading members are required to take note of the group change
- Trading in equity shares will be permitted under X Group from the effective date
- Trading members should update their systems and processes accordingly
Important Dates
- Notice Date: October 31, 2025
- Previous Notice Date: October 24, 2025
- Group Transfer Effective Date: November 17, 2025
Impact Assessment
The transfer from XT Group to X Group indicates a change in the trading category of MODERN INSULATORS LTD. The X Group typically represents securities with different trading parameters compared to XT Group. Trading members need to adjust their risk management and trading strategies accordingly. The impact is moderate as it affects trading conditions but does not suspend or restrict trading in the scrip.
Impact Justification
Group transfer from XT to X affects trading conditions for the scrip but is a routine corporate action following previous notice