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 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 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 Person: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The trading mechanism for GALLARD STEEL LIMITED shares will change from Trade for Trade settlement (where each trade settles individually) to Rolling settlement (standard T+1 settlement cycle). This represents a graduation from the more restrictive MT Group to the standard M Group trading category.

Compliance Requirements

  • Trading Members must note the segment transfer for GALLARD STEEL LIMITED
  • All dealings in the company’s equity shares will be conducted under M Group from the effective date
  • Trading Members requiring further clarification should contact Mr. Anurag Jain on 022-2272 8822

Important Dates

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

Impact Assessment

Positive Impact: The transfer from Trade for Trade segment to Rolling segment indicates improved market standing and liquidity profile of GALLARD STEEL LIMITED. This change will enhance trading flexibility and potentially increase investor participation as rolling settlement allows for intraday trading and standard settlement cycles.

Trading Impact: Investors and Trading Members can expect normal rolling settlement procedures (T+1) instead of trade-for-trade settlement, which typically improves liquidity and reduces settlement time. This is generally viewed as a positive development for the company’s equity shares post-SME IPO listing.

Impact Justification

Segment transfer from Trade for Trade to Rolling segment affects trading mechanism for GALLARD STEEL shares, impacting liquidity and trading flexibility for market participants