Description

GALLARD STEEL LIMITED (Scrip Code: 544616) equity shares will be transferred from MT Group (Trade for Trade) to M Group (Rolling segment) effective December 10, 2025.

Summary

BSE has announced that GALLARD STEEL LIMITED (Scrip Code: 544616), an SME IPO stock, 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 (MT Group)
  • New Segment: Rolling segment (M Group)
  • Effective Date: December 10, 2025
  • Notice continuation from previous notice No. 20251125-46 dated November 25, 2025
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The equity shares of GALLARD STEEL LIMITED will be shifted from the more restrictive Trade for Trade segment to the Rolling settlement segment. This represents a relaxation in trading restrictions, allowing for normal delivery-based and intraday trading as opposed to compulsory delivery-based trading only.

Compliance Requirements

  • Trading Members must note the segment change in their systems
  • Trading Members should contact Mr. Anurag Jain on 022-2272 8822 for further details or clarifications
  • All trades after December 10, 2025 will be conducted under M Group (Rolling segment) rules

Important Dates

  • November 25, 2025: Previous notice issued (Notice No. 20251125-46)
  • November 26, 2025: Current notice issued
  • December 10, 2025: Effective date for segment transfer from MT Group to M Group

Impact Assessment

Positive Impact: The transfer from Trade for Trade (MT Group) to Rolling segment (M Group) is generally a positive development for the stock. It indicates improved compliance and stability of the company post-IPO. This change will enhance liquidity as the stock will now be available for regular intraday trading and delivery-based trading, potentially attracting more market participants and improving price discovery. Existing shareholders will benefit from increased trading flexibility and potentially better exit opportunities.

Impact Justification

Segment transfer from restrictive Trade for Trade to normal Rolling segment improves liquidity for existing shareholders and traders of GALLARD STEEL LIMITED