Description

HRS ALUGLAZE LIMITED equity shares to be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective January 2, 2026.

Summary

BSE has announced that the equity shares of HRS ALUGLAZE LIMITED (Scrip Code: 544656), currently listed under the SME segment, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective January 2, 2026. This change follows the exchange’s notice dated December 17, 2025.

Key Points

  • Company: HRS ALUGLAZE LIMITED (SME IPO)
  • Scrip Code: 544656
  • Current Classification: Trade for Trade segment (MT Group)
  • New Classification: Rolling segment (M Group)
  • Effective Date: Friday, January 2, 2026
  • Segment: SME
  • Notice Reference: Continuation of Notice No. 20251217-56 dated December 17, 2025

Regulatory Changes

The equity shares will transition from the Trade for Trade (T+T) settlement mechanism to the Rolling settlement mechanism, indicating improved liquidity and market maturity for the stock. This is a standard progression for SME IPO listings on BSE.

Compliance Requirements

Trading Members should:

  • Update their systems to reflect the group change from MT to M Group
  • Adjust trading protocols for rolling settlement mechanism
  • Contact Mr. Anurag Jain (Assistant Vice President) at Tel. No. 022-2272 8822 for clarification or further details

Important Dates

  • December 17, 2025: Initial notice issued (Notice No. 20251217-56)
  • December 18, 2025: Current notice date
  • January 2, 2026: Effective date for group transfer to M Group and rolling settlement

Impact Assessment

Market Impact: Medium - The shift from Trade for Trade to Rolling settlement will enhance liquidity and allow for intraday trading, potentially increasing trading volumes and reducing settlement risks.

Operational Impact: Trading members need to update their systems and processes to accommodate rolling settlement for this scrip. Investors will benefit from improved liquidity and reduced settlement periods.

Trading Impact: The move to M Group indicates the stock has met BSE’s criteria for migration to normal rolling settlement, typically signaling increased market confidence and stability in the stock’s trading pattern.

Impact Justification

Routine group migration from T+T to rolling segment for SME IPO stock affects trading mechanism and liquidity but is a standard post-listing process