Revision of Scrips in Trade to Trade Segment

Description

BSE announces movement of 12 securities out of trade-for-trade category to their respective trading groups effective December 1, 2025.

Summary

BSE has revised the trade-to-trade segment classification for 12 securities, allowing them to move out of the trade-for-trade category into their respective normal trading groups. This is a continuation of Exchange notice no. 20251127-51 dated November 27, 2025. The migration enables these securities to be traded normally rather than under the restrictive trade-for-trade mechanism.

Key Points

• 12 securities are eligible to move out of trade-for-trade category
• 3 scrips moving from T group to B group (Andhra Cements, IZMO, Sadhana Nitro Chem)
• 3 scrips moving from MT group to M group (B-Right Realestate, Technichem Organics)
• 6 scrips moving from XT group to X group (Bangalore Fort Farms, Fundviser Capital, Maruti Securities, Omni AXs Software, Parshwanath Corporation, Yash Innoventures, Yuvraaj Hygiene Products)
• Notice issued by Surveillance department

Securities Affected

T to B Group (3 scrips)

• Andhra Cements Ltd (532141, INE666E01020)
• IZMO Ltd (532341, INE848A01014)
• Sadhana Nitro Chem Ltd (506642, INE888C01040)

MT to M Group (3 scrips)

• B-Right Realestate Ltd (543543, INE0IZQ01016)
• Technichem Organics Ltd (544327, INE0ZHT01012)

XT to X Group (6 scrips)

• Bangalore Fort Farms Ltd (539120, INE578R01011)
• Fundviser Capital (India) Ltd (530197, INE365H01014)
• Maruti Securities Ltd (531319, INE368C01019)
• Omni AXs Software Ltd (532340, INE369B01019)
• Parshwanath Corporation Ltd (511176, INE635I01018)
• Yash Innoventures Ltd (523650, INE823D01011)
• Yuvraaj Hygiene Products Ltd (531663, INE139D01020)

Regulatory Changes

Removal of trade-to-trade restrictions for the listed securities, allowing them to return to normal intraday trading and settlement mechanisms. Securities previously under trade-to-trade surveillance will now follow standard trading and settlement procedures applicable to their respective groups.

Compliance Requirements

• Trading members must note the group changes for the specified securities
• Systems and risk management frameworks should be updated to reflect the new trading groups
• Investors can now engage in intraday trading for these securities (subject to group-specific rules)

Important Dates

• Notice Date: December 1, 2025
• Reference Notice: November 27, 2025 (Notice no. 20251127-51)
• Effective Date: December 1, 2025 (implied)

Impact Assessment

Market Impact: Positive for liquidity and trading volumes in affected securities. Removal from trade-to-trade category typically increases investor interest and market participation.

Operational Impact: Trading members need to update internal systems to reflect group changes. Investors in these securities gain flexibility for intraday trading strategies.

Investor Impact: Enhanced trading flexibility for shareholders of these 12 companies. Removal from restrictive category may improve price discovery and reduce settlement obligations.

Impact Justification

Affects trading flexibility for 12 securities by removing trade-to-trade restrictions, allowing normal trading. Medium impact for affected scrips and their investors.