Description

KANISHK ALUMINIUM INDIA LIMITED equity shares 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), an SME IPO listing, will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective February 18, 2026. This follows the exchange’s previous notice dated February 03, 2026.

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)
  • Transition Date: February 18, 2026
  • Notice Number: 20260204-5
  • Reference Notice: 20260203-43 dated February 03, 2026

Regulatory Changes

The equity shares will be shifted from the restrictive Trade for Trade (T2T) settlement mechanism under MT Group to the normal Rolling settlement under M Group. This change typically occurs after an SME IPO completes its initial listing phase and meets stability criteria.

Compliance Requirements

  • Trading Members must update their systems to reflect the group change from MT to M Group
  • Trading Members should contact Mr. Anurag Jain (Assistant Vice President) at 022-2272 8822 for further details
  • All market participants must be aware of the changed trading mechanism effective February 18, 2026

Important Dates

  • February 03, 2026: Previous notice (20260203-43) issued
  • February 04, 2026: Current notice issued
  • February 18, 2026: Effective date for group change from MT to M Group

Impact Assessment

Market Impact: Positive for liquidity and trading activity. The shift from Trade for Trade to Rolling settlement allows for intraday trading, short selling (where permitted), and margin trading facilities, significantly improving market depth and investor participation.

Operational Impact: Trading members need to reconfigure their risk management systems and margin calculations for this scrip. The change from T2T (where each trade requires full upfront payment/delivery) to rolling settlement will enable more flexible trading strategies and improve capital efficiency for market participants.

Impact Justification

Significant trading segment change for SME IPO stock from restrictive T2T to normal rolling settlement, improving liquidity and trading flexibility for market participants