Description
Finbud Financial Services Limited to be transferred from trade for trade segment (ST) to rolling segment (SM) effective November 27, 2025.
Summary
National Stock Exchange has announced that Finbud Financial Services Limited will be transferred from the trade for trade segment (series: ST) to the rolling segment (series: SM) effective November 27, 2025. This follows the company’s SME IPO listing and is part of normal post-listing procedures as per SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012.
Key Points
- Symbol: FINBUD
- Company: Finbud Financial Services Limited
- Transfer from: Trade for Trade segment (Series: ST)
- Transfer to: Rolling segment (Series: SM)
- Reference circular: NSE/CML/71250 dated November 12, 2025
- Regulatory basis: SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012
Regulatory Changes
No new regulatory changes. This action is pursuant to existing SEBI guidelines for SME IPO listings and segment transfers.
Compliance Requirements
Members should note the segment change and update their trading systems accordingly. Trading in FINBUD will follow rolling settlement procedures from the effective date.
Important Dates
- Circular Date: November 13, 2025
- Effective Date: November 27, 2025
Impact Assessment
This is a routine administrative transfer with minimal market impact. The move to rolling segment indicates the stock has completed its initial trade-for-trade phase post-IPO. Investors can expect normal T+2 settlement cycle to apply instead of the more restrictive trade-for-trade requirements. This typically improves liquidity and trading flexibility for the security.
Impact Justification
Routine segment transfer for a single SME company from trade-for-trade to rolling settlement, affecting only investors in this specific stock