Description

Crysdale Industries Ltd. has signed agreements with both depositories. Trading will continue in Trade to Trade segment with compulsory demat settlement, revised group from ZY to Z, and market lot changed from 100 to 1 share effective January 2, 2026.

Summary

Crysdale Industries Ltd. (scrip code: 502473) has signed agreements with both depositories, enabling dematerialised trading and settlement. The scrip will continue trading in Trade to Trade segment with compulsory demat settlement. Key changes include new ISIN number, market lot reduction from 100 to 1 equity share, group change from ZY to Z, and mandatory settlement in demat form with no netting allowed. Changes become effective January 2, 2026, upon revocation of current trading suspension.

Key Points

  • Crysdale Industries Ltd. has signed agreements with both depositories
  • New ISIN: INE0SV601019
  • Scrip code: 502473
  • Trading continues in Trade to Trade segment (for reasons other than depository agreements)
  • All trades must be settled in compulsory demat form
  • Market lot revised from 100 to 1 equity share
  • Group changed from ZY to Z
  • No netting allowed in the scrip
  • Shortages will be directly closed-out
  • Trading currently under suspension; changes apply upon revocation

Regulatory Changes

Settlement Modalities:

  • Compulsory dematerialised settlement for all trades
  • Trade to Trade segment continuation
  • Market lot of 1 equity share (reduced from 100)
  • Netting prohibited
  • Direct close-out for shortages

Classification Changes:

  • Group: ZY → Z
  • Market Lot: 100 shares → 1 share
  • New ISIN: INE0SV601019

Compliance Requirements

For Trading Members:

  • Execute all trades in Trade to Trade segment only
  • Ensure all settlements are in compulsory demat form
  • Trade in market lot of 1 equity share
  • No netting of positions allowed
  • Use new ISIN INE0SV601019 for settlements
  • Note that current trading suspension must be revoked before parameters become applicable

Important Dates

  • Notice Date: January 1, 2026
  • Effective Date: January 2, 2026 (upon revocation of trading suspension)
  • Revised group and market lot parameters applicable from January 2, 2026

Impact Assessment

Market Impact:

  • Currently limited due to trading suspension
  • Upon revocation, reduced market lot (100→1) will improve accessibility for retail investors
  • Trade to Trade segment classification indicates regulatory oversight continues

Operational Impact:

  • Trading members must update systems for new ISIN
  • Settlement processes must accommodate mandatory demat delivery
  • No position netting increases settlement obligations
  • Market lot change requires order management system updates

Investor Impact:

  • Lower market lot improves affordability and liquidity
  • Compulsory demat provides investor protection
  • Direct close-out mechanism for shortages reduces settlement risk

Impact Justification

Significant operational changes for Crysdale Industries including new ISIN, market lot reduction from 100 to 1, and group change, but currently under trading suspension limiting immediate impact.