Description

GLOBAL OCEAN LOGISTICS INDIA LIMITED equity shares will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective January 08, 2025.

Summary

BSE has announced that the equity shares of GLOBAL OCEAN LOGISTICS INDIA LIMITED (Scrip Code: 544665), an SME IPO, will be transferred from the Trade for Trade segment (MT Group) to the Rolling settlement segment (M Group) effective January 08, 2025. This change continues the exchange’s previous notice dated December 23, 2025 (Notice No. 20251223-35).

Key Points

  • Scrip Code: 544665
  • Company: GLOBAL OCEAN LOGISTICS INDIA LIMITED
  • Segment: SME
  • Current Group: MT Group (Trade for Trade segment)
  • New Group: M Group (Rolling segment)
  • Transfer Effective Date: Thursday, January 08, 2025
  • Notice continues previous communication dated December 23, 2025
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The trading methodology for GLOBAL OCEAN LOGISTICS INDIA LIMITED equity shares will change from Trade for Trade settlement to Rolling settlement. This represents a relaxation of trading restrictions typically imposed on newly listed SME IPOs during their initial trading period.

Compliance Requirements

Trading Members should:

  • Update their systems to reflect the group change from MT to M Group
  • Ensure trading operations adjust to Rolling settlement procedures for this scrip from January 08, 2025
  • Contact Mr. Anurag Jain on 022-2272 8822 for clarifications or further details

Important Dates

  • Notice Date: December 24, 2025
  • Previous Notice Reference: December 23, 2025 (Notice No. 20251223-35)
  • Effective Date of Group Change: Thursday, January 08, 2025

Impact Assessment

Market Impact: The transition from MT Group to M Group will enhance liquidity and trading flexibility for GLOBAL OCEAN LOGISTICS INDIA LIMITED shares. The move from Trade for Trade (T2T) to Rolling settlement indicates the stock has completed its initial surveillance period post-SME IPO listing.

Operational Impact: Trading members will need to adjust their risk management and settlement processes. Rolling settlement allows for T+1 or T+2 settlement cycles instead of the more restrictive Trade for Trade basis, which typically requires full upfront payment and delivery. This change should increase trading volumes and investor participation in the stock.

Impact Justification

Group change from MT to M Group affects trading methodology for this SME IPO stock, transitioning from Trade for Trade to Rolling settlement which increases liquidity and reduces settlement restrictions for investors.