Description
BSE shifts 16 securities from rolling segment to trade-for-trade segment with 5% price band, and retains 31 securities in T2T segment, effective February 5, 2026.
Summary
BSE has announced the movement of 16 securities from the rolling segment to the trade-for-trade (T2T) segment with a price band of 5% or lower, effective February 5, 2026. Additionally, 31 securities will be retained in the T2T segment. In T2T segment, securities can only be traded for delivery purposes with no intraday trading allowed, and the price band is restricted to 5% or lower. No securities from the SME platform are being shifted to or retained in T2T segment at this time.
Key Points
- 16 securities shifted from Group X (rolling segment) to Group XT (trade-for-trade) effective February 5, 2026
- All 16 securities will have a 5% or lower price band
- 31 securities to be retained in T2T segment across various groups (XT, T, Z, P)
- No SME securities affected in this circular
- T2T trading means compulsory delivery settlement with no intraday squaring off
- This is a surveillance measure typically applied to securities with abnormal price movements or low liquidity
Securities Being Shifted to T2T (Annexure-I)
From Group X to Group XT:
- 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)
Securities Retained in T2T (Annexure-II)
31 securities will continue to remain in T2T segment across different groups:
- XT Group: 16 securities
- T Group: 7 securities
- Z Group: 6 securities
- P Group: 1 security (Softbpo Global Services Ltd)
Regulatory Changes
This action represents an enhanced surveillance measure by BSE. Securities moved to T2T segment are subject to:
- Compulsory delivery-based settlement
- No intraday trading permitted
- Price band restricted to 5% or lower (reduced from standard 10% or 20%)
- Higher margin requirements
- Increased scrutiny on trading activity
Compliance Requirements
- Investors: Must take delivery of all purchases; cannot square off positions intraday
- Brokers: Must ensure clients are aware of T2T restrictions and delivery obligations
- Trading Members: Need to update systems to reflect the group changes
- All existing open positions in these securities must be settled before the effective date
Important Dates
- Circular Date: February 2, 2026
- Effective Date: February 5, 2026 (from start of trading)
- All changes apply from the opening of trading session on February 5, 2026
Impact Assessment
High Impact - The shift to T2T segment with 5% price band significantly impacts:
- Liquidity: Severely reduced as intraday trading is eliminated
- Trading Volume: Expected to drop substantially due to delivery-only requirement
- Investor Base: Retail traders and day traders will likely exit these securities
- Price Discovery: May be impaired due to lower participation
- Margin Requirements: Increased, making these securities more capital-intensive to trade
- Risk Profile: The 5% price band limits both upside and downside movement, reducing volatility
Investors holding these securities should be aware that liquidity will be significantly constrained, and they may face difficulty in entering or exiting positions. This measure is typically applied to securities that have exhibited unusual price movements, have corporate governance concerns, or have low trading volumes.
Impact Justification
Significant trading restriction imposed on 16 securities moving to T2T with 5% price band, severely limiting liquidity and intraday trading. Affects investor ability to trade these securities.