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 that equity shares of NARMADESH BRASS INDUSTRIES LIMITED (Scrip Code: 544680), which recently completed its SME IPO, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective February 04, 2026. This change represents a shift from restrictive trading conditions to normal rolling settlement.

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 references previous communication dated January 20, 2026 (Notice No. 20260120-48)
  • Contact person: Mr. Nitinkumar Pujari (Tel: 022-2272 8398)

Regulatory Changes

The trading mechanism for NARMADESH BRASS INDUSTRIES LIMITED will transition from Trade for Trade basis to Rolling settlement. In Trade for Trade segment, each transaction requires individual settlement with compulsory delivery, while Rolling segment allows normal T+2 settlement with intraday trading, carry forward positions (subject to margin requirements), and enhanced liquidity.

Compliance Requirements

  • Trading Members must update their systems to reflect the group change from MT to M Group
  • Positions and orders in the stock should be managed according to Rolling segment rules from February 04, 2026
  • Trading Members requiring clarification should contact Mr. Nitinkumar Pujari at BSE

Important Dates

  • January 20, 2026: Original notice issued (Notice No. 20260120-48)
  • January 21, 2026: Confirmation notice issued
  • February 04, 2026: Effective date for segment transfer

Impact Assessment

This change positively impacts trading liquidity and flexibility for NARMADESH BRASS INDUSTRIES LIMITED shares. The migration from Trade for Trade (MT Group) to Rolling segment (M Group) indicates successful completion of post-IPO stabilization period. Market participants will benefit from:

  • Enhanced liquidity due to removal of compulsory delivery restrictions
  • Ability to trade intraday without mandatory settlement
  • Normal margin-based trading instead of 100% upfront payment
  • Improved price discovery through increased trading activity

This is a standard progression for SME IPO stocks that demonstrate stable trading patterns and compliance with listing requirements.

Impact Justification

Segment migration from restrictive Trade for Trade to normal Rolling segment improves liquidity and trading flexibility for market participants dealing with this SME IPO stock