Description

GALLARD STEEL LIMITED equity shares will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective December 10, 2025.

Summary

BSE has announced that the equity shares of GALLARD STEEL LIMITED (Scrip Code: 544616), an SME IPO company, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective December 10, 2025. This change follows the Exchange’s previous notice dated November 25, 2025.

Key Points

  • Company: GALLARD STEEL LIMITED (SME IPO)
  • Scrip Code: 544616
  • Current Segment: Trade for Trade segment (MT Group)
  • New Segment: Rolling segment (M Group)
  • Effective Date: December 10, 2025
  • Notice Reference: Continuation of Notice No. 20251125-46 dated November 25, 2025
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822 for further details

Regulatory Changes

The trading mechanism for GALLARD STEEL LIMITED will change from Trade for Trade basis to Rolling settlement basis. This represents a transition from a more restrictive trading framework (MT Group) typically used for surveillance purposes to a standard rolling settlement framework (M Group), which allows for normal market trading.

Compliance Requirements

  • Trading members must note the segment change for GALLARD STEEL LIMITED
  • Trading members should update their systems and records to reflect the new group classification (M Group)
  • Members requiring clarification should contact Mr. Anurag Jain at BSE

Important Dates

  • Notice Date: November 26, 2025
  • Previous Notice: November 25, 2025 (Notice No. 20251125-46)
  • Effective Date of Group Change: December 10, 2025 (Wednesday)

Impact Assessment

Trading Impact: The shift from Trade for Trade segment to Rolling segment represents a positive development for GALLARD STEEL LIMITED. The change will improve liquidity and trading flexibility as the stock moves from a restrictive trading framework to normal rolling settlement.

Market Participants: Trading members and investors in GALLARD STEEL LIMITED will benefit from enhanced trading capabilities under the Rolling segment, which typically allows for intraday trading and better price discovery compared to the Trade for Trade mechanism.

Operational Impact: Medium - Trading members need to update their systems and be aware of the new trading parameters applicable to M Group securities.

Impact Justification

Group change from Trade for Trade to Rolling segment affects trading mechanism and liquidity for GALLARD STEEL LIMITED, impacting trading members and investors in this SME stock.