Description

Narmadesh Brass Industries Limited (Scrip Code: 544680) will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective February 04, 2026.

Summary

BSE has announced that the equity shares of Narmadesh Brass Industries Limited (SME IPO, Scrip Code: 544680) will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment effective February 04, 2026. This follows the exchange’s notice dated January 20, 2026, and the dealings in the company’s equity shares will be shifted 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 issued in continuation to Exchange Notice No. 20260120-48 dated January 20, 2026

Regulatory Changes

The trading mechanism for Narmadesh Brass Industries Limited will change from Trade for Trade settlement (where each trade settles individually) to Rolling settlement (standard T+1 settlement cycle). This represents a progression from restricted trading to normal trading operations.

Compliance Requirements

  • Trading members must update their systems to reflect the group change from MT to M Group
  • Trading members should contact Mr. Nitinkumar Pujari (Tel: 022-2272 8398) for further details or clarifications
  • All trading activities must comply with the new segment rules from the effective date

Important Dates

  • January 20, 2026: Initial notice issued (Notice No. 20260120-48)
  • January 21, 2026: Current notice date confirming the group change
  • February 04, 2026: Effective date for transfer to Rolling segment (M Group)

Impact Assessment

This group change represents a positive development for the company and its shareholders. The transfer from Trade for Trade (MT Group) to Rolling segment (M Group) typically indicates:

  • Enhanced Liquidity: Rolling segment allows for standard settlement cycles, improving trading flexibility
  • Market Access: Investors will have easier access to buy and sell shares under normal trading conditions
  • Post-IPO Progression: This is a standard transition for SME IPO companies moving from restricted to regular trading
  • Trading Members: Must ensure system readiness for the segment change to avoid operational issues
  • Investors: Will benefit from improved liquidity and standard settlement mechanisms starting February 04, 2026

Impact Justification

Routine group transfer from Trade for Trade to Rolling segment for an SME IPO company. Impacts trading mechanism but is a standard post-listing transition with medium impact on trading flexibility.