Description

Transfer of SHINING TOOLS LIMITED equity shares from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective November 28, 2025.

Summary

BSE has announced the transfer of equity shares of SHINING TOOLS LIMITED (Scrip Code: 544607) from the Trade for Trade segment (MT Group) to the Rolling segment (M Group), effective November 28, 2025. This follows the company’s SME IPO listing and represents a transition to normal trading mechanisms.

Key Points

  • SHINING TOOLS LIMITED equity shares will move from MT Group to M Group
  • The scrip code is 544607 (SME segment)
  • Transfer is effective from Friday, November 28, 2025
  • This is a continuation of Notice No. 20251113-51 dated November 13, 2025
  • Trading members can contact Mr. Anurag Jain (022-2272 8822) for details

Regulatory Changes

The trading mechanism for SHINING TOOLS LIMITED will change from:

  • Current: Trade for Trade segment (MT Group) - where each trade requires full upfront payment and delivery
  • New: Rolling settlement (M Group) - standard T+2 settlement cycle with margin-based trading

This change allows for normal market operations including intraday trading, margin facilities, and standard settlement procedures.

Compliance Requirements

  • Trading members must update their systems to reflect the group change from MT to M
  • All pending trades in MT Group must be settled before the transition date
  • Trading members should inform clients holding positions in the scrip about the segment change
  • Risk management systems must be adjusted to accommodate rolling settlement norms

Important Dates

  • Notice Date: November 14, 2025
  • Effective Date: November 28, 2025 (Friday)
  • Previous Notice: November 13, 2025 (Notice No. 20251113-51)

Impact Assessment

Positive Impacts:

  • Enhanced liquidity as the stock moves to rolling settlement
  • Investors can use margin trading facilities
  • Reduced transaction costs compared to Trade for Trade segment
  • Normal price discovery mechanism with intraday trading allowed

Operational Impact:

  • Trading members need to reconfigure systems and risk parameters
  • Existing shareholders will experience improved trading flexibility
  • Market makers and institutional investors can participate more actively

Market Significance: This is a routine transition for SME IPO stocks that successfully complete their initial listing period under restrictive trading. The move to M Group indicates completion of the stabilization phase post-listing.

Impact Justification

Segment transfer from restrictive Trade for Trade to normal Rolling settlement improves liquidity for existing shareholders but is routine post-IPO transition