Description

Trading in equity shares of MODERN DIAGNOSTIC & RESEARCH CENTRE LIMITED (Scrip Code: 544673) will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective January 21, 2026.

Summary

BSE has announced that the equity shares of MODERN DIAGNOSTIC & RESEARCH CENTRE LIMITED (Scrip Code: 544673), currently listed on the SME platform, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment under M Group effective January 21, 2026. This change follows the company’s SME IPO listing and represents a transition to normal rolling settlement.

Key Points

  • Company: MODERN DIAGNOSTIC & RESEARCH CENTRE LIMITED (SME IPO)
  • Scrip Code: 544673
  • Current segment: Trade for Trade segment (MT Group)
  • New segment: Rolling segment (M Group)
  • Effective date: Wednesday, January 21, 2026
  • Reference: Continuation of Notice No. 20260106-16 dated January 06, 2026
  • Contact: Mr. Anurag Jain, Tel: 022-2272 8822

Regulatory Changes

The equity shares will transition from Trade for Trade settlement mechanism to Rolling settlement mechanism. This shift from MT Group to M Group allows for regular T+2 settlement cycle instead of mandatory delivery-based trading.

Compliance Requirements

Trading members are required to:

  • Note the segment change effective January 21, 2026
  • Update their systems to reflect the new group classification (M Group)
  • Contact the designated BSE official for any clarifications regarding the transition

Important Dates

  • Notice Date: January 7, 2026
  • Effective Date: January 21, 2026 (Wednesday)
  • Previous Notice: January 6, 2026 (Notice No. 20260106-16)

Impact Assessment

This change is positive for market participants as it:

  • Increases liquidity by allowing intraday trading and carry forward positions
  • Removes the mandatory delivery requirement of Trade for Trade segment
  • Enables normal rolling settlement (T+2) for the scrip
  • Reflects the company’s successful transition from initial SME IPO listing to regular trading status
  • May attract more trader participation due to relaxed settlement requirements

Impact Justification

Routine transition from Trade for Trade to Rolling segment post-SME IPO listing. Affects trading mechanism and liquidity for the specific scrip but is standard procedure.