Description
Modern Insulators Ltd. (Scrip Code: 515008) will be transferred from 'XT' Group to 'X' Group effective November 17, 2025.
Summary
BSE has announced that equity shares of Modern Insulators Ltd. (Scrip Code: 515008) will be transferred from ‘XT’ Group to ‘X’ Group effective November 17, 2025. This follows the exchange’s earlier notice dated October 24, 2025, regarding the same matter.
Key Points
- Modern Insulators Ltd. scrip code: 515008
- Transfer from ‘XT’ Group to ‘X’ Group
- Trading will be permitted under ‘X’ Group from effective date
- Previous notice: Exchange Notice No. 20251024-58 dated October 24, 2025
- Notice issued by Marian Dsouza, Asst. Vice President – Listing Compliance and Operations
Regulatory Changes
The stock will be reclassified from ‘XT’ Group (Trade-to-Trade settlement with additional surveillance) to ‘X’ Group (standard equity trading group), indicating removal from enhanced surveillance measures.
Compliance Requirements
Trading members of BSE are required to:
- Take note of the group change
- Update their systems and records accordingly
- Ensure compliance with ‘X’ Group trading norms from the effective date
Important Dates
- Notice Date: October 31, 2025
- Previous Notice Date: October 24, 2025
- Effective Date: November 17, 2025
Impact Assessment
The transfer from ‘XT’ to ‘X’ Group represents a positive development for the stock, as it indicates reduced surveillance requirements. This may improve liquidity and trading flexibility for Modern Insulators Ltd. shares. The impact on market participants is minimal and primarily administrative in nature.
Impact Justification
Administrative change in trading group classification with no material impact on trading operations or investor rights