Description

Crysdale Industries Ltd. (scrip code: 502473) has signed agreements with both depositories, enabling dematerialized trading settlement. The scrip moves from ZY to Z group with market lot changing from 100 to 1 share effective January 2, 2026.

Summary

Crysdale Industries Ltd. (scrip code: 502473) has signed agreements with both depositories, enabling compulsory dematerialized settlement of trades. The scrip will trade in Trade to Trade segment with revised parameters including group change from ZY to Z and market lot reduction from 100 shares to 1 share, effective January 2, 2026. Trading in the company’s equity shares is currently suspended, and these parameters will apply upon revocation. A new ISIN INE0SV601019 has been assigned.

Key Points

  • Crysdale Industries Ltd. (scrip code: 502473) has signed agreements with both depositories
  • Scrip will trade in Trade to Trade Segment with compulsory demat settlement
  • Market lot revised from 100 shares to 1 share
  • Group changed from ZY to Z
  • New ISIN: INE0SV601019
  • Netting not allowed in the scrip
  • Shortages will be directly closed-out
  • Trading currently under suspension; revised parameters applicable upon revocation

Regulatory Changes

Settlement Modalities:

  • All trades must be settled in compulsory dematerialized form
  • Trading in Trade to Trade Segment (for reasons other than non-signing of depository agreements)
  • All trades executed in market lot of 1 equity share
  • No netting allowed
  • Shortages to be directly closed-out

Group and Market Lot Changes (Effective January 2, 2026):

  • Current Group: ZY → Revised Group: Z
  • Current Market Lot: 100 shares → Revised Market Lot: 1 share

ISIN Update:

  • New ISIN Number: INE0SV601019

Compliance Requirements

For Trading Members:

  • Settle all trades in Crysdale Industries Ltd. in compulsory demat form
  • Execute trades only in market lot of 1 equity share (effective January 2, 2026)
  • Ensure no netting of positions in this scrip
  • Note that shortages will be directly closed-out without recourse to auction
  • Update systems for new ISIN INE0SV601019
  • Recognize scrip’s Trade to Trade segment classification

Important Dates

  • January 1, 2026: Notice date and effective date for demat settlement requirements
  • January 2, 2026: Effective date for group change (ZY to Z) and market lot revision (100 to 1)

Impact Assessment

Operational Impact:

  • Medium impact on trading members who need to update their systems for the new ISIN and revised market lot
  • Transition from market lot of 100 to 1 share increases accessibility for smaller investors
  • Trade to Trade segment classification with no netting increases settlement obligations

Market Impact:

  • Currently limited as trading is under suspension
  • Upon revocation, the reduced market lot (from 100 to 1) will lower entry barriers for retail investors
  • Direct close-out of shortages increases delivery risk and may discourage speculative trading

Investor Impact:

  • Positive for retail investors due to lower market lot, making the scrip more affordable
  • All shareholders must hold shares in demat form for trading
  • Trade to Trade segment and no netting requirement indicates enhanced surveillance

Impact Justification

Operational change affecting trading parameters and settlement for a single scrip currently under suspension. Medium importance due to group migration and settlement modality changes that will apply upon revocation.