Description

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

Summary

BSE has announced the transfer of equity shares of NARMADESH BRASS INDUSTRIES LIMITED (Scrip Code: 544680) from Trade for Trade segment (MT Group) to Rolling segment with effect from February 04, 2026. This is an SME IPO stock that will be shifted to M Group, allowing normal rolling settlement instead of trade-for-trade basis.

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
  • Reference Notice: 20260120-48 dated January 20, 2026
  • Contact: Mr. Nitinkumar Pujari, Tel: 022-2272 8398

Regulatory Changes

The trading mechanism for NARMADESH BRASS INDUSTRIES LIMITED will change from Trade for Trade basis (where delivery is compulsory for both buyers and sellers) to Rolling settlement (normal T+2 settlement cycle allowing intraday trading).

Compliance Requirements

  • Trading Members must note the segment change and update their systems accordingly
  • Transactions from February 04, 2026 onwards will follow Rolling segment rules
  • Trading Members requiring clarification may contact Mr. Nitinkumar Pujari at BSE

Important Dates

  • Notice Date: January 21, 2026
  • Effective Date of Segment Transfer: February 04, 2026
  • Previous Related Notice: January 20, 2026 (Notice No. 20260120-48)

Impact Assessment

This change is positive for the stock as it moves from restrictive Trade for Trade segment to the more liquid Rolling segment. The migration indicates improved market confidence and trading activity. Investors will benefit from increased liquidity, ability to do intraday trading, and normal settlement cycles. Trading members need to adjust their risk management and trading systems to accommodate the new group classification.

Impact Justification

Segment migration from Trade for Trade to Rolling segment affects trading flexibility and liquidity for SME IPO stock, moderate impact on trading members and investors