Description

Rishab Special Yarns Limited transitions to compulsory demat settlement with revised market lot of 1 equity share effective November 14, 2025.

Summary

BSE has announced that Rishab Special Yarns Limited (scrip code: 514177) has signed agreements with both depositories, enabling compulsory dematerialised settlement of trades. Effective November 14, 2025 (Settlement No. DR-756/2025-2026), the scrip will move from Group P to Group X, with the market lot revised from 100 shares to 1 share. All trades will be settled in compulsory demat form with netting allowed and shortages subject to auction.

Key Points

  • Scrip code: 514177 (Rishab Special Yarns Limited)
  • Group change: P to X
  • Market lot revised: 100 shares to 1 share
  • Compulsory demat settlement mandatory
  • Trading in Normal Rolling Segment
  • Netting permitted in the scrip
  • Shortages will be auctioned
  • ISIN remains: INE351D01013

Regulatory Changes

The company has completed the necessary agreements with both depositories (NSDL and CDSL), enabling the transition to compulsory dematerialised settlement. This marks a shift from the previous settlement framework to mandatory demat-only trading and settlement.

Compliance Requirements

Trading members must:

  • Ensure all trades in scrip code 514177 are settled in dematerialised form only from November 14, 2025
  • Adjust trading systems to reflect the new market lot of 1 equity share (reduced from 100 shares)
  • Recognize the scrip’s movement from Group P to Group X
  • Be prepared for auction procedures in case of settlement shortages
  • Update client communication regarding the new trading modalities

Important Dates

  • Effective Date: November 14, 2025 (Friday)
  • Settlement Number: DR-756/2025-2026
  • Notice Date: November 13, 2025

Impact Assessment

Operational Impact: Trading members must update their systems and procedures to accommodate the reduced market lot from 100 to 1 share, which increases trading flexibility but requires system configuration changes.

Market Impact: The shift to compulsory demat settlement eliminates physical certificate trading, improving settlement efficiency and reducing settlement risks. The reduced market lot of 1 share lowers the entry barrier for retail investors, potentially improving liquidity.

Compliance Impact: Members must ensure their operations are fully compliant with demat-only settlement from the effective date, as physical settlements will no longer be permitted. Failure to deliver in demat form will result in auction penalties.

Impact Justification

Significant operational change affecting trading and settlement procedures for the scrip, requiring traders to adjust to new market lot and compulsory demat settlement