Description

Transfer of NARMADESH BRASS INDUSTRIES LIMITED equity shares from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective February 04, 2026.

Summary

BSE has announced the transfer of NARMADESH BRASS INDUSTRIES LIMITED (Scrip Code: 544680) equity shares from the Trade for Trade segment (MT Group) to the Rolling segment, effective Wednesday, February 04, 2026. This follows the earlier notice dated January 20, 2026, and the company’s dealings will shift to M Group.

Key Points

  • Company: NARMADESH BRASS INDUSTRIES LIMITED (SME IPO)
  • Scrip Code: 544680
  • Current Segment: Trade for Trade segment (MT Group)
  • New Segment: Rolling segment (M Group)
  • Effective Date: Wednesday, February 04, 2026
  • Notice Number: 20260121-2
  • Reference Notice: 20260120-48 dated January 20, 2026

Regulatory Changes

The equity shares will transition from Trade for Trade settlement (MT Group) where all trades are settled on a delivery basis with no intraday trading, to the Rolling segment (M Group) which allows for more flexible trading mechanisms including intraday positions.

Compliance Requirements

Trading members should:

  • Update their systems to reflect the group change from MT to M Group
  • Adjust trading strategies accordingly for the new segment
  • Contact Mr. Nitinkumar Pujari (Tel: 022-2272 8398) for further clarifications

Important Dates

  • January 20, 2026: Reference notice issued (20260120-48)
  • January 21, 2026: Current notice issued (20260121-2)
  • February 04, 2026: Effective date of transfer to Rolling segment (M Group)

Impact Assessment

This change will enhance liquidity and trading flexibility for NARMADESH BRASS INDUSTRIES LIMITED shares. Moving from Trade for Trade to Rolling segment typically indicates improved market confidence and allows traders more flexibility in position management. The impact is primarily positive for the specific stock and its shareholders, enabling better price discovery and trading opportunities.

Impact Justification

Segment transfer from Trade for Trade to Rolling segment improves liquidity for SME IPO stock but has limited broader market impact