Description

HRS ALUGLAZE LIMITED's equity shares will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) with effect from January 02, 2025.

Summary

BSE has announced that the equity shares of HRS ALUGLAZE LIMITED (Scrip Code: 544656), an SME IPO listing, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective January 02, 2025. This change represents a transition from restricted trading to normal rolling settlement for the company’s shares.

Key Points

  • Company: HRS ALUGLAZE LIMITED (SME IPO)
  • Scrip Code: 544656
  • Current Group: MT Group (Trade for Trade segment)
  • New Group: M Group (Rolling segment)
  • Effective Date: Friday, January 02, 2025
  • Notice Reference: Continuation of Notice No. 20251217-56 dated December 17, 2025
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The trading mechanism for HRS ALUGLAZE LIMITED shares will change from Trade for Trade (T2T) settlement to Rolling settlement. This change allows for more flexible trading arrangements including intraday trading, margin trading facility, and carry forward positions, which are not available under the T2T segment.

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 of January 02, 2025 for implementing the change
  • Members requiring clarification should contact Mr. Anurag Jain at the provided contact number

Important Dates

  • Notice Date: December 18, 2025
  • Effective Date: January 02, 2025 (Friday)
  • Reference Notice: December 17, 2025 (Notice No. 20251217-56)

Impact Assessment

Market Impact: Medium - The shift from Trade for Trade to Rolling segment will increase liquidity and trading flexibility for HRS ALUGLAZE LIMITED shares. Investors will benefit from the ability to conduct intraday trading and utilize margin facilities.

Operational Impact: Low to Medium - Trading members need to update their systems and processes to accommodate the group change. This is a standard operational procedure for post-IPO listings as they transition from restricted to normal trading.

Investor Impact: Positive - The move to Rolling segment indicates the stock has completed its initial stabilization period and is being upgraded to normal trading status, providing investors with more trading options and improved liquidity.

Impact Justification

Routine group change for SME IPO stock moving from restricted trading to normal rolling settlement, affecting liquidity and trading flexibility for investors