Description
BSE announces transfer of equity shares of nine investment companies from trade-for-trade segment to respective groups, effective between November 13-18, 2025. Five companies will remain in trade-for-trade segment.
Summary
BSE has announced changes in the group classification of equity shares for Investment Companies (ICs) and Investment Holding Companies (IHCs). Nine companies will be transferred from the trade-for-trade segment to their respective groups (A, B, or X) between November 13-18, 2025. Additionally, five companies will continue trading in the trade-for-trade segment under call auction until further notice.
Key Points
- Nine investment and holding companies will move from trade-for-trade to normal trading groups
- Changes will be implemented in phases from November 13 to November 18, 2025
- Companies will be placed in Groups A, B, X, or XT based on their classification
- Five companies will remain in trade-for-trade segment (T, XT, or Z groups) with call auction
- This is a continuation of BSE Notice No. 20251015-50 dated October 15, 2025
Companies Transitioning to Normal Trading
Effective November 13, 2025
- Pilani Investment and Industries Corporation Limited (539883) - Group B
- Nalwa Sons Investment Limited (532256) - Group B
- Kalyani Investment Company Limited (533302) - Group B
- GFL Limited (500173) - Group B
Effective November 14, 2025
- TVS Holdings Limited (520056) - Group A
Effective November 17, 2025
- Naperol Investments Limited (500298) - Group X
- Maharashtra Scooters Limited (500266) - Group A
- SIL Investments Limited (521194) - Group B
Effective November 18, 2025
- Welspun Investments and Commercials Limited (533252) - Group B
Companies Remaining in Trade-for-Trade Segment
The following companies will continue in trade-for-trade segment under call auction:
- Vardhman Holdings Limited (500439) - Group T
- Kama Holdings Limited (532468) - Group T
- Elcid Investments Limited (503681) - Group T
- Haryana Capfin Limited (532855) - Group XT
- Easy Fincorp Limited (511074) - Group Z
Important Dates
- November 13, 2025: Four companies move to Group B
- November 14, 2025: TVS Holdings moves to Group A
- November 17, 2025: Three companies move to Groups A, B, and X
- November 18, 2025: Welspun Investments moves to Group B
Impact Assessment
Trading Impact: The transition from trade-for-trade to normal trading will improve liquidity and ease trading restrictions for nine companies. These securities will no longer be subject to mandatory delivery requirements and call auction mechanisms.
Market Implications: Companies moving to Groups A and B will see normalized trading with standard settlement cycles. Group X placement indicates companies may have different trading or reporting requirements. The five companies remaining in trade-for-trade will continue to face trading restrictions, indicating ongoing concerns or regulatory surveillance.
Investor Considerations: Investors in the nine transitioning companies will benefit from improved trading flexibility and potentially better price discovery. Those holding securities in the five companies remaining under restrictions should be aware of continued limitations on trading activity.
Contact Information
For clarifications, contact:
- Mr. Shyam Bhagirath: 022-22728013
- Manu Thomas: Deputy Vice President, Listing Compliance
- Shilpa Saboo: Deputy Vice President, Listing Compliance
Impact Justification
Affects trading mechanism for 14 investment and holding companies, with nine transitioning to normal trading and five remaining under restrictions. Moderate impact on liquidity and trading flexibility for affected securities.