Description

NSE shifts NDL Ventures Limited to Trade for Trade segment with 5% price band effective August 21, 2025, while continuing surveillance action on Omkar Speciality Chemicals and Reliance Communications.

Summary

NSE has decided to shift NDL Ventures Limited from rolling segment to Trade for Trade segment with a 5% price band effective August 21, 2025, as part of surveillance measures. Additionally, Omkar Speciality Chemicals Limited and Reliance Communications Limited will continue trading in Trade for Trade segment under ongoing surveillance action.

Key Points

  • NDL Ventures Limited (NDLVENTURE) to be shifted from rolling segment (EQ series) to Trade for Trade segment (BE series)
  • Price band restriction of 5% or lower will apply
  • No securities from SME segment (SM series) are being shifted to Trade for Trade
  • Settlement will be on trade-to-trade basis with no netting off allowed
  • Action is purely for market surveillance and not an adverse action against companies

Regulatory Changes

Trading mechanism change from rolling settlement to trade-for-trade settlement for specified securities, implemented under Capital Market Segment Trading Regulations Part - A, 2.6.

Compliance Requirements

  • Members must take adequate precaution while trading in affected securities
  • Settlement to be done on trade-to-trade basis only
  • No netting off will be allowed for these securities
  • Securities will not be available in rolling segment post implementation

Important Dates

  • Effective Date: August 21, 2025 (Thursday)
  • Circular Date: August 18, 2025

Impact Assessment

The shift to Trade for Trade segment will increase settlement requirements and reduce liquidity for affected securities. NDL Ventures Limited was selected based on criteria including Price Earnings Multiple, Price Variation, and Market Capitalization concerns. The continuation of surveillance action on Omkar Speciality Chemicals and Reliance Communications indicates ongoing market safety concerns.

Impact Justification

Affects trading mechanism for specific securities with surveillance implications but limited to few stocks