Description
Gretex Corporate Services Limited migrates from BSE SME Platform to NSE Main Board effective September 4, 2025
Summary
The National Stock Exchange of India Limited has announced the migration of Gretex Corporate Services Limited (Symbol: GCSL) from the SME Platform of BSE to the Capital Market Segment (Main Board) of NSE. Trading will commence on the NSE Main Board from September 4, 2025, with equity shares traded in the Normal Market segment with compulsory demat mode.
Key Points
- Company Symbol: GCSL
- ISIN: INE199P01028
- Face Value: Rs. 10/- per share (fully paid up)
- Total Securities: 22,639,347 equity shares
- Market Lot: 1 share
- Trading Mode: Compulsory demat for all investors
- Trading Segment: Normal Market (Rolling Settlement)
Regulatory Changes
The listing is conducted under Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A. The migration represents a transition from SME platform to main board listing, providing enhanced liquidity and visibility for the company.
Compliance Requirements
- All trading must be conducted in dematerialized form
- Securities will be identified by the designated code GCSL
- Trading will follow Normal Market segment rules under rolling settlement
- Members must update their systems to recognize the new listing
Important Dates
- Circular Date: September 2, 2025
- Effective Date: September 4, 2025
- Financial Year: April 1 to March 31
Impact Assessment
The migration from SME to Main Board typically enhances liquidity, increases institutional participation eligibility, and provides greater market visibility. This transition allows broader investor participation as the stock moves to the main exchange platform with standard market lot of 1 share, making it accessible to retail investors.
Impact Justification
SME to main board migration expands trading opportunities but limited to single stock