Description

BSE announces shifting of 16 securities from Rolling segment to Trade for Trade segment with 5% price band, and retention of 31 securities in T2T segment, effective February 05, 2026.

Summary

BSE has announced surveillance measures affecting 47 securities with trading restrictions. Effective February 05, 2026, 16 securities will be shifted from Rolling segment to Trade for Trade (T2T) segment with a price band of 5% or lower, moving to the XT group. Additionally, 31 securities will be retained in the Trade for Trade segment across T, XT, Z, and P groups. No SME securities are affected in this circular. These measures are aligned with NSE actions and aim to curb excessive speculation and protect investor interests.

Key Points

  • 16 securities being moved from Rolling segment (Group X) to Trade for Trade segment (Group XT)
  • All affected securities will have a 5% or lower price band restriction
  • 31 securities to be retained in existing Trade for Trade categories
  • Implementation date: February 05, 2026
  • No SME platform securities affected (NIL entries for SME sections)
  • Actions aligned with NSE surveillance measures
  • Trade for Trade segment requires full delivery with no intraday trading allowed

Regulatory Changes

The circular implements enhanced surveillance measures through segment reclassification:

Securities Moving to T2T (XT Group):

  • Atvo Enterprises Ltd (532090)
  • Ceeta Industries Ltd (514171)
  • Dalmia Industrial Development Ltd (539900)
  • Fundviser Capital (India) Ltd (530197)
  • Garnet International Ltd (512493)
  • Genesis Ibrc India Ltd (514336)
  • Gokak Textiles Ltd (532957)
  • IB Infotech Enterprises Ltd (519463)
  • Integrated Capital Services Ltd (539149)
  • J.A. Finance Ltd (543860)
  • Jaihind Synthetics Ltd (514312)
  • JJ Finance Corporation Ltd (523062)
  • MP Agro Industries Ltd (506543)
  • Parvati Sweetners and Power Ltd (541347)
  • Rajkot Investment Trust Ltd (539495)
  • Trustedge Capital Ltd (532056)

Retained in T2T Segment: 31 securities distributed across XT (17 securities), T (6 securities), Z (6 securities), and P (1 security) groups with continued 5% price band restrictions.

Compliance Requirements

For Market Participants:

  • No intraday trading allowed in affected securities from February 05, 2026
  • All trades must result in delivery (no squaring off positions)
  • Margin requirements will be 100% for T2T securities
  • Price movement limited to 5% or lower circuit limits

For Brokers:

  • Update client risk management systems before effective date
  • Inform clients holding positions in affected securities
  • Block intraday trading functionality for listed scrips
  • Ensure proper margin collection for T2T trades

For Investors:

  • Existing positions in rolling segment can be squared off before February 05, 2026
  • Post-implementation, only delivery-based trading permitted
  • Reduced liquidity expected due to T2T restrictions
  • Price discovery may be impacted by tighter circuit limits

Important Dates

  • Circular Date: February 02, 2026
  • Implementation Date: February 05, 2026 (market opening)
  • Last Date for Normal Trading: February 04, 2026

Impact Assessment

Market Impact:

  • Significant liquidity reduction expected in 16 newly restricted securities
  • Intraday traders will be unable to trade these scrips
  • Price volatility may be contained by 5% circuit limits
  • Trading volumes likely to decline substantially

Investor Impact:

  • Long-term investors minimally affected
  • Short-term traders and day traders will need to exit positions
  • Delivery obligation increases capital requirements
  • Margin requirements increase to 100%

Operational Impact:

  • Brokers must update trading systems and risk management
  • Increased surveillance on price movements and volumes
  • Settlement process becomes compulsory delivery-based
  • Reduced market making and liquidity provision

Risk Mitigation: These measures aim to curb excessive speculation, reduce price manipulation risks, and protect retail investors from volatile price movements in securities with potential concerns regarding fundamentals or corporate governance.

Impact Justification

Significant trading restrictions imposed on 16 securities with shift to T2T segment affecting liquidity; 31 securities retained in restricted trading. High impact on affected scrips and their investors due to reduced liquidity and 5% price band.