Description

KANISHK ALUMINIUM INDIA LIMITED (Scrip Code: 544693) will be transferred from Trade for Trade segment (MT Group) to Rolling segment (M Group) effective February 18, 2026.

Summary

BSE has announced that the equity shares of KANISHK ALUMINIUM INDIA LIMITED (Scrip Code: 544693), which is a SME IPO listing, will be transferred from the Trade for Trade segment (MT Group) to the Rolling settlement segment effective February 18, 2026. The stock will be shifted to M Group for regular trading operations.

Key Points

  • Company: KANISHK ALUMINIUM INDIA LIMITED (SME IPO)
  • Scrip Code: 544693
  • Current Segment: Trade for Trade segment (MT Group)
  • New Segment: Rolling segment (M Group)
  • Notice Number: 20260204-5
  • Reference Notice: 20260203-43 dated February 03, 2026
  • Contact Person: Mr. Anurag Jain (Tel: 022-2272 8822)

Regulatory Changes

The trading mechanism for KANISHK ALUMINIUM INDIA LIMITED will transition from:

  • From: Trade for Trade (T2T) segment under MT Group - where each trade requires full upfront delivery and payment
  • To: Rolling settlement under M Group - allowing for regular intraday trading with T+2 settlement cycle

This change represents a relaxation of trading restrictions, indicating improved market standing and liquidity parameters for the stock.

Compliance Requirements

  • Trading Members must update their systems to reflect the group change from MT to M Group
  • Risk management and exposure limits should be adjusted according to Rolling segment norms
  • Trading Members may contact Mr. Anurag Jain on 022-2272 8822 for clarification and technical details
  • No action required from investors; the change is operational at exchange level

Important Dates

  • Notice Date: February 04, 2026
  • Effective Date: February 18, 2026 (Wednesday)
  • Reference Notice: 20260203-43 dated February 03, 2026

Impact Assessment

Positive Impact:

  • Enhanced liquidity and trading flexibility for investors
  • Transition from restrictive T2T segment indicates company has met BSE’s criteria for regular trading
  • Potential for improved price discovery through increased trading activity
  • Reduced settlement restrictions will likely attract more market participants

Operational Impact:

  • Trading Members need to reconfigure trading terminals and risk management systems
  • Margin requirements will change from 100% upfront to standard Rolling segment margins
  • Intraday trading will be permitted, unlike the T2T segment where it was restricted

Market Significance: This is a standard progression for SME IPO listings that demonstrate stable trading patterns and compliance with exchange requirements. The move to Rolling segment is typically seen as a positive development for the stock’s tradability.

Impact Justification

Segment transfer from Trade for Trade to Rolling segment affects trading liquidity and settlement mechanism for the stock, providing enhanced trading flexibility for market participants