Description

BSE shifts 20 securities from Rolling segment to Trade for Trade segment with a 5% price band effective March 06, 2026, while retaining 27 existing securities in Trade for Trade segment.

Summary

BSE has announced the inclusion of 20 securities into the Trade for Trade (T2T) segment with a price band of 5% or lower, effective March 06, 2026. Additionally, 27 securities (25 regular + 2 SME) are being retained in the Trade for Trade segment. Securities moved to T2T cannot be traded intraday; all positions must result in delivery.

Key Points

  • 20 securities shifted from Rolling segment to Trade for Trade segment effective March 06, 2026
  • 4 securities from B Group moved to T Group: A2Z Infra Engineering Ltd, Tarmat Ltd, Tree House Education & Accessories Ltd, and Udayshivakumar Infra Ltd
  • 16 securities from X Group moved to XT Group
  • No SME securities newly included in Trade for Trade segment
  • 25 regular segment securities retained in Trade for Trade with 5% price band
  • 2 SME securities (Sancode Technologies Ltd, Spinaroo Commercial Ltd) retained in MT Group
  • Price band of 5% or lower applies to all T2T securities
  • A2Z Infra Engineering Ltd inclusion is as per NSE

Regulatory Changes

The following securities are newly shifted from Rolling segment to Trade for Trade segment:

B Group → T Group:

  • A2Z Infra Engineering Ltd (533292 / INE619I01012)
  • Tarmat Ltd (532869 / INE924H01018)
  • Tree House Education & Accessories Ltd (533540 / INE040M01013)
  • Udayshivakumar Infra Ltd (543861 / INE0N0Y01013)

X Group → XT Group:

  • ACI Infocom Ltd (517356 / INE167B01025)
  • Aravali Securities & Finance Ltd (512344 / INE068C01015)
  • Binny Mills Ltd (535620 / INE160L01011)
  • Cemantic Infra-Tech Ltd (538596 / INE222B01028)
  • ECS Biztech Ltd (540063 / INE925Q01024)
  • IEC Education Ltd (531840 / INE172B01017)
  • Jai Mata Glass Ltd (523467 / INE250C01027)
  • KMF Builders & Developers Ltd (531578 / INE580H01026)
  • Likhami Consulting Ltd (539927 / INE920T01011)
  • Omnitex Industries India Ltd (514324 / INE814D01010)
  • Panabyte Technologies Ltd (538742 / INE516E01019)
  • Sawaca Enterprises Ltd (531893 / INE248B01023)
  • Sikozy Realtors Ltd (524642 / INE528E01022)
  • Systematix Securities Ltd (531432 / INE07P301011)
  • Thakral Services India Ltd (509015 / INE190F01028)
  • True Green Bio Energy Ltd (533407 / INE672K01025)

Compliance Requirements

  • Brokers and trading members must ensure all trades in the listed T2T securities result in compulsory delivery; no intraday squaring off is permitted
  • A price band of 5% or lower will apply to all newly included and retained T2T securities
  • Members should update client-facing systems to reflect the T2T designation for affected scrips from March 06, 2026

Important Dates

  • Circular Date: March 02, 2026
  • Effective Date: March 06, 2026 (inclusion in Trade for Trade segment)

Impact Assessment

The shift to the Trade for Trade segment imposes delivery-based trading restrictions, eliminating intraday trading for the 20 newly included securities. This typically signals heightened surveillance due to concerns around price manipulation, low liquidity, or corporate governance issues. The 5% daily price band further limits volatility. Retail and institutional investors holding or trading these scrips will be required to maintain sufficient funds/securities for delivery settlement. The bulk of newly included securities are small-cap and micro-cap companies in the X/XT group, limiting broad market impact. The 4 B-group scrips moving to T group (A2Z Infra, Tarmat, Tree House Education, Udayshivakumar Infra) may see reduced liquidity and trading volumes following this reclassification.

Impact Justification

Affects 20 securities moved to restrictive Trade for Trade segment with 5% price band, limiting intraday trading. Primarily impacts smaller/X-group stocks and a few B-group scrips. No broad market impact but significant for holders of listed securities.