Description

HRS ALUGLAZE LIMITED equity shares will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective January 02, 2026.

Summary

BSE has announced that the equity shares of HRS ALUGLAZE LIMITED (Scrip Code: 544656), an SME IPO company, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment effective January 02, 2026. This change follows the Exchange’s previous notice dated December 17, 2025, and will result in the company’s dealings being shifted to M Group.

Key Points

  • HRS ALUGLAZE LIMITED (Scrip Code: 544656) is an SME IPO listed company
  • Transfer from Trade for Trade segment (MT Group) to Rolling segment
  • New classification will be M Group under Rolling segment
  • This is a continuation of Exchange Notice No. 20251217-56 dated December 17, 2025
  • Contact person: Mr. Anurag Jain (Tel: 022-2272 8822) for further details

Regulatory Changes

The trading mechanism for HRS ALUGLAZE LIMITED shares will change from Trade for Trade basis to Rolling settlement. Trade for Trade segment requires full upfront delivery and payment for each transaction, while Rolling segment allows normal T+1 settlement and intraday trading.

Compliance Requirements

  • Trading Members must update their systems to reflect the group change from MT to M Group
  • Trading Members should note the effective date for implementation of the change
  • Members requiring clarification should contact Mr. Anurag Jain at BSE

Important Dates

  • Notice Date: December 18, 2025
  • Previous Notice Date: December 17, 2025 (Notice No. 20251217-56)
  • Effective Date: January 02, 2026 - Transfer to Rolling segment (M Group) becomes effective

Impact Assessment

This change represents a positive development for HRS ALUGLAZE LIMITED as it moves from the restrictive Trade for Trade segment to the more liquid Rolling segment. The shift will:

  • Liquidity Impact: Improve trading liquidity by allowing intraday trading and margin trading
  • Investor Access: Make the stock more accessible to retail and institutional investors
  • Settlement Efficiency: Enable T+1 settlement instead of full upfront payment requirements
  • Market Perception: Signal regulatory comfort with the company’s trading patterns and compliance status

The move from MT Group to M Group indicates the exchange’s confidence in normalizing trading conditions for this SME stock.

Impact Justification

Impacts trading mechanism for HRS ALUGLAZE LIMITED shares by shifting from restricted Trade for Trade segment to normal Rolling segment, improving liquidity for trading members and investors.