Description

HRS ALUGLAZE LIMITED equity shares to be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective January 02, 2025.

Summary

BSE has announced that the equity shares of HRS ALUGLAZE LIMITED (Scrip Code: 544656), an SME IPO, will be transferred from the Trade for Trade segment (MT Group) to the Rolling settlement segment (M Group) effective Friday, January 02, 2025. This follows the earlier notice No. 20251217-56 dated December 17, 2025.

Key Points

  • Company: HRS ALUGLAZE LIMITED (SME IPO)
  • Scrip Code: 544656
  • Transfer: From Trade for Trade segment (MT Group) to Rolling segment (M Group)
  • Effective Date: Friday, January 02, 2025
  • Contact: Mr. Anurag Jain, Tel. No. 022-2272 8822
  • Notice Number: 20251218-1
  • Issued by: Hardik Bhuta, Assistant Vice President

Regulatory Changes

The trading mechanism for HRS ALUGLAZE LIMITED will change from Trade for Trade settlement to Rolling settlement. In Trade for Trade segment, each trade must be settled individually with compulsory delivery, while Rolling settlement allows for cumulative settlement with T+2 delivery cycle and intraday trading.

Compliance Requirements

Trading Members must:

  • Update their systems to reflect the group change from MT to M Group
  • Ensure compliance with Rolling settlement procedures from the effective date
  • Contact the designated BSE official for clarifications or further details

Important Dates

  • December 17, 2025: Previous notice (20251217-56) issued
  • December 18, 2025: Current notice issued
  • January 02, 2025: Effective date for transfer to Rolling segment (M Group)

Impact Assessment

This group change will improve liquidity and trading flexibility for HRS ALUGLAZE LIMITED shares. The shift from Trade for Trade to Rolling settlement allows investors to engage in intraday trading and benefits from T+2 settlement cycle, making the stock more accessible to retail and institutional investors. This is a positive development following the company’s SME IPO listing.

Impact Justification

Group change from Trade for Trade to Rolling segment affects trading mechanism for HRS ALUGLAZE LIMITED, allowing more flexible trading for investors.