Description

Transfer of WESTERN OVERSEAS STUDY ABROAD LIMITED equity shares from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective December 26, 2025.

Summary

BSE has announced that the equity shares of WESTERN OVERSEAS STUDY ABROAD LIMITED (Scrip Code: 544636) will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective December 26, 2025. This change follows the company’s SME IPO listing and represents a transition to normal trading operations.

Key Points

  • Company: WESTERN OVERSEAS STUDY ABROAD LIMITED (SME IPO)
  • Scrip Code: 544636
  • Current segment: Trade for Trade (MT Group)
  • New segment: Rolling segment (M Group)
  • Effective date: December 26, 2025
  • Notice issued in continuation to Exchange Notice No. 20251210-53 dated December 10, 2025

Regulatory Changes

The equity shares will transition from Trade for Trade settlement mechanism to Rolling settlement mechanism, allowing for normal T+1 settlement instead of compulsory delivery-based trading. This represents a relaxation of trading restrictions typically applied to newly listed SME IPOs.

Compliance Requirements

  • Trading Members should update their systems to reflect the group change from MT to M Group
  • All dealings in the equity shares will be conducted under M Group from the effective date
  • Trading Members may contact Mr. Anurag Jain (Tel: 022-2272 8822) for further clarification

Important Dates

  • December 10, 2025: Initial notice (20251210-53) issued
  • December 11, 2025: Current notice issued
  • December 26, 2025: Effective date for group change

Impact Assessment

Positive Impact: The shift from Trade for Trade to Rolling segment increases liquidity and trading flexibility for investors. Rolling settlement allows intraday trading and standard settlement cycles, making the stock more attractive to traders and investors.

Trading Impact: Existing positions in MT Group will need to be managed appropriately before the transition. Post-transition, the stock will be available for normal rolling settlement trading with reduced restrictions.

Market Participants: Trading members and investors holding or interested in WESTERN OVERSEAS STUDY ABROAD LIMITED shares should note the change in trading mechanism and settlement procedures.

Impact Justification

Medium importance as it affects trading mechanism for a single SME stock, transitioning from restrictive Trade for Trade to normal Rolling segment, improving liquidity for market participants.