Description
SKF India Limited will move to Trade for Trade segment (Series: BE) with effect from October 15, 2025, following a Scheme of Arrangement.
Summary
National Stock Exchange of India has announced that SKF India Limited (SKFINDIA) will be moved to the Trade for Trade segment (Series: BE) effective from October 15, 2025 (Wednesday), pursuant to a Scheme of Arrangement. The stock will also be included in the call auction during the pre-open session as per SEBI guidelines.
Key Points
- SKF India Limited (Symbol: SKFINDIA) to move to Trade for Trade segment
- Trading Series: BE (Trade for Trade)
- Effective Date: October 15, 2025 (Wednesday)
- Reason: Pursuant to Scheme of Arrangement
- Stock will participate in call auction during pre-open session
- Governed by SEBI Circular No. CIR/MRD/DP/02/2012 dated January 20, 2012
Regulatory Changes
The trading mechanism for SKF India Limited changes from regular rolling settlement to Trade for Trade (T2T) segment. In the T2T segment:
- No intraday trading is permitted
- All trades must result in compulsory delivery
- Settlement occurs on a trade-for-trade basis
- The stock will be part of the call auction mechanism during pre-open session
Compliance Requirements
- All trades in SKFINDIA must be settled through delivery from October 15, 2025
- No intraday squaring off of positions allowed
- Members and investors must ensure adequate holdings or funds for delivery-based trades
- Participation in pre-open call auction session is applicable
Important Dates
- Circular Issue Date: October 09, 2025
- Effective Date: October 15, 2025 (Wednesday)
Impact Assessment
Trading Impact: Movement to Trade for Trade segment significantly restricts trading flexibility for SKFINDIA. Intraday traders will no longer be able to trade this stock, and all transactions must result in delivery, potentially reducing liquidity and trading volumes.
Investor Impact: Investors must hold sufficient securities to sell or adequate funds to buy, as all trades require mandatory delivery. This may impact short-term trading strategies and increase capital requirements.
Market Impact: The inclusion in call auction during pre-open session provides price discovery through a transparent auction mechanism, which may lead to more stable opening prices but could also result in wider bid-ask spreads during the auction period.
Impact Justification
Movement to Trade for Trade segment significantly impacts trading liquidity and settlement for SKF India Limited shareholders, restricting intraday trading and requiring mandatory delivery.