Description

Shentracon Chemicals Ltd (scrip code: 530757) has signed agreements with both depositories. The scrip moves from Group P to XT with trade-to-trade settlement in compulsory demat form effective January 7, 2026.

Summary

BSE has announced that Shentracon Chemicals Ltd (scrip code: 530757) has signed agreements with both depositories (NSDL and CDSL). Effective January 7, 2026 (Settlement No. DR-793/2025-2026), the scrip will be moved from Group P to Group XT and will be traded under trade-to-trade settlement with compulsory dematerialisation. The market lot will be revised from 100 shares to 1 share.

Key Points

  • Scrip code: 530757 - Shentracon Chemicals Ltd
  • Group change: From P to XT
  • Market lot revised: From 100 shares to 1 share
  • Trade-to-trade segment applicable (for reasons other than non-signing of depository agreements)
  • Compulsory demat settlement mandatory
  • No netting allowed in the scrip
  • Shortages will be directly closed-out
  • ISIN: INE0OUS01011 (existing)

Regulatory Changes

The scrip will be traded in the Trade-to-Trade (XT) segment instead of the previous Group P classification. This change is implemented for reasons other than non-signing of agreements with depositories, as the company has now completed signing agreements with both depositories.

Compliance Requirements

For Trading Members:

  • All trades must be settled in compulsory dematerialised form
  • Trading will be in market lot of 1 equity share
  • Netting of positions is not permitted
  • Physical settlement is not allowed
  • Must ensure delivery obligations are met as shortages will be directly closed-out

For Investors:

  • Holdings must be in demat form for trading
  • Physical certificates cannot be used for settlement

Important Dates

  • Notice Date: January 6, 2026
  • Effective Date: January 7, 2026 (Wednesday)
  • Settlement Number: DR-793/2025-2026

Impact Assessment

Trading Impact:

  • Reduced market lot from 100 to 1 share increases accessibility for smaller investors
  • Trade-to-trade mechanism means each trade must be settled individually without netting
  • Liquidity may be affected due to stricter settlement requirements

Operational Impact:

  • Trading members must ensure all client holdings are in demat form
  • Increased surveillance and compliance requirements due to XT group classification
  • Direct close-out of shortages increases risk for sellers who fail to deliver

Investor Impact:

  • Lower market lot makes entry more affordable
  • Mandatory demat requirement may exclude investors holding physical certificates
  • No intraday position squaring possible due to trade-to-trade nature

Impact Justification

The circular mandates compulsory demat settlement and moves the scrip to trade-to-trade segment with revised market lot, impacting trading modalities for all market participants dealing with this security.