Description

BSE circular announcing the shift of 24 securities from rolling segment to trade-for-trade segment with 5% price band, effective January 08, 2026.

Summary

BSE has announced the transfer of 25 securities from the rolling segment to the trade-for-trade segment with a 5% or lower price band, effective January 08, 2026. This includes 24 securities moving to regular T/XT groups and 1 SME security moving to TS group. Additionally, 26 securities will be retained in the trade-for-trade segment.

Key Points

  • 24 securities moving from rolling segment (Group X/B) to trade-for-trade segment (T/XT groups)
  • 1 SME security (Tranway21 Technologies Ltd) moving from MS group to TS group
  • All movements effective from January 08, 2026
  • Price band of 5% or lower applies to all affected securities
  • 26 securities to be retained in existing trade-for-trade segment with 5% price band
  • Action taken as surveillance measure

Regulatory Changes

Securities Moving to Trade-for-Trade (Annexure-I):

From Group X to XT (23 securities):

  • IndiaNivesh Ltd (501700)
  • Nyssa Corporation Ltd (504378)
  • Krishna Ventures Ltd (504392)
  • Star Source Multi Trade Ltd (506365)
  • Shantai Industries Ltd (512297)
  • Pulsar International Ltd (512591)
  • Manbro Industries Ltd (512595)
  • K&R Rail Engineering Ltd (514360)
  • Arcee Industries Ltd (520121)
  • Sovereign Diamonds Ltd (523826)
  • Vision Cinemas Ltd (526441)
  • Kinetic Trust Ltd (531274)
  • ANS Industries Ltd (531406)
  • Anka India Ltd (531673)
  • Landmarc Leisure Corporation Ltd (532275)
  • Baba Arts Ltd (532380)
  • Aerpace Industries Ltd (534733)
  • Mangalam Industrial Finance Ltd (537800)
  • Jackson Investments Ltd (538422)
  • Medico Intercontinental Ltd (539938)

From Group B to T (4 securities):

  • Navkar Urbanstructure Ltd (531494)
  • Mangalam Drugs & Organics Ltd (532637)
  • Prakash Steelage Ltd (533239)
  • KSR Footwear Ltd (544615)

From Group MS to TS (SME - 1 security):

  • Tranway21 Technologies Ltd (542923)

Securities Retained in Trade-for-Trade (Annexure-II): 25 securities will continue in T/XT groups with 5% price band restrictions.

Compliance Requirements

  • Brokers must ensure all trades in affected securities follow trade-for-trade settlement from January 08, 2026
  • No intraday squaring off permitted for these securities
  • Compulsory delivery-based settlement for both buyers and sellers
  • 5% or lower price band restrictions apply
  • Market participants must adjust trading systems and inform clients about the restrictions

Important Dates

  • Effective Date: January 08, 2026
  • Circular Date: January 05, 2026

Impact Assessment

Trading Impact:

  • Severe liquidity constraints for all 25 affected securities
  • No intraday trading allowed - all positions must result in delivery
  • Reduced price volatility due to 5% price band
  • Higher capital requirements for traders (no leverage through intraday)

Market Implications:

  • Movement indicates regulatory concerns about price manipulation or abnormal price movements
  • Likely to see reduced trading volumes in affected scrips
  • Investors holding these securities face reduced exit flexibility
  • SME security Tranway21 Technologies faces additional scrutiny with TS group classification

Investor Considerations:

  • Existing shareholders need to be aware of reduced liquidity
  • Only suitable for delivery-based investors, not suitable for day traders
  • Heightened surveillance suggests potential corporate governance or compliance issues
  • 26 securities remaining in trade-for-trade segment continue under surveillance

Impact Justification

Movement to trade-for-trade segment with 5% price band significantly restricts trading in 25 securities, indicating heightened surveillance action and potentially severe liquidity impact for affected scrips.