Description

BSE circular announcing 20 securities to be shifted from the Rolling segment to the Trade-for-Trade segment with a 5% price band, and 27 securities to be retained in the Trade-for-Trade segment, effective March 06, 2026.

Summary

BSE has announced the movement of 20 securities from the Rolling (normal) segment to the Trade-for-Trade (T2T) segment with a 5% price band, effective March 06, 2026. Additionally, 27 securities (including 2 SME scrips) will be retained in the T2T segment. No SME scrips are being newly added. Securities in the T2T segment must be settled on a gross basis with no netting of positions.

Key Points

  • 20 securities shifted from Rolling segment to Trade-for-Trade segment with effect from March 06, 2026
  • All shifted/retained securities are subject to a price band of 5% or lower
  • 4 securities (A2Z Infra Engineering, Tarmat, Tree House Education, Udayshivakumar Infra) are moved from Group B to Group T
  • 16 securities are moved from Group X to Group XT
  • 25 securities retained in T2T for the regular segment; 2 SME scrips (Sancode Technologies, Spinaroo Commercial) retained in Group MT
  • NIL additions in the SME category for new T2T inclusions
  • One scrip (A2Z Infra Engineering Ltd) moved as per NSE designation

Regulatory Changes

  • Annexure-I – New Inclusions: The following scrips are moved to T2T from March 06, 2026:
    • B → T: A2Z Infra Engineering Ltd (533292), Tarmat Ltd (532869), Tree House Education & Accessories Ltd (533540), Udayshivakumar Infra Ltd (543861)
    • X → XT: ACI Infocom, Aravali Securities & Finance, Binny Mills, Cemantic Infra-Tech, ECS Biztech, IEC Education, Jai Mata Glass, KMF Builders & Developers, Likhami Consulting, Omnitex Industries India, Panabyte Technologies, Sawaca Enterprises, Sikozy Realtors, Systematix Securities, Thakral Services India, True Green Bio Energy
  • Annexure-II – Retained Securities: 25 regular-segment scrips and 2 SME scrips continue in the T2T framework under their existing groups (T, XT, Z, P, MT)

Compliance Requirements

  • Trading members must settle all transactions in the listed T2T scrips on a gross/delivery basis; intraday netting is not permitted
  • Brokers must inform clients holding positions in newly shifted scrips about the change in trading mechanism and the applicable 5% price band
  • No short-selling or intraday squaring off is permitted in T2T securities

Important Dates

  • Circular Date: March 02, 2026
  • Effective Date: March 06, 2026 (for all new inclusions under Annexure-I)

Impact Assessment

The shift to the T2T segment restricts intraday trading and imposes mandatory delivery obligations, significantly reducing liquidity in the affected scrips. Investors and traders holding positions in these 20 newly shifted securities must be prepared for delivery-based settlement starting March 06, 2026. The 5% price band further limits daily price movement. The 27 retained securities continue under existing restrictions with no change to their trading conditions. The impact is contained to the specific scrips listed and does not affect broader market operations.

Impact Justification

Affects 20 securities moving to more restrictive T2T trading and 27 retained under the same framework; impacts liquidity for investors in these specific scrips but is a routine surveillance action with no broad market significance.