Description
Munish Forge Limited will be transferred from trade for trade segment (series: ST) to rolling segment (Series: SM) effective October 24, 2025.
Summary
Munish Forge Limited (Symbol: MUNISH) will be transferred from the trade for trade segment (series: ST) to the rolling segment (Series: SM) effective October 24, 2025. This follows Exchange Circular NSE/CML/70676 dated October 07, 2025 and is in accordance with SEBI guidelines (CIR/MRD/DP/02/2012 dated January 20, 2012).
Key Points
- Stock Symbol: MUNISH
- Company: Munish Forge Limited
- Current Segment: Trade for Trade (Series: ST)
- New Segment: Rolling Segment (Series: SM)
- Effective Date: October 24, 2025
- Issued under SEBI Circular CIR/MRD/DP/02/2012 dated January 20, 2012
Regulatory Changes
The security will move from trade for trade settlement (where each trade is settled individually) to rolling settlement (T+2 settlement cycle), allowing for normal trading and settlement procedures.
Compliance Requirements
Members should note the segment change and update their trading systems accordingly before the effective date of October 24, 2025.
Important Dates
- Circular Date: October 08, 2025
- Effective Date: October 24, 2025
Impact Assessment
This is a standard post-IPO transition for an SME security. The move to rolling segment allows for greater trading flexibility and normal settlement cycles. Impact is limited to traders and investors of Munish Forge Limited.
Impact Justification
Routine segment transfer for single SME stock post-IPO, limited market-wide impact