Description
Shri Kanha Stainless Limited will be transferred from trade for trade segment (ST) to rolling segment (SM) effective December 24, 2025.
Summary
National Stock Exchange has announced that Shri Kanha Stainless Limited (Symbol: SHRIKANHA) will be transferred from the trade for trade segment (Series: ST) to the rolling segment (Series: SM) with effect from December 24, 2025. This follows the earlier circular NSE/CML/71717 dated December 09, 2025 and is in accordance with SEBI guidelines referenced in circular CIR/MRD/DP/02/2012 dated January 20, 2012.
Key Points
- Security Symbol: SHRIKANHA (Shri Kanha Stainless Limited)
- Transfer from Trade for Trade segment (Series: ST) to Rolling segment (Series: SM)
- Effective Date: December 24, 2025
- This is pursuant to SEBI guidelines for SME IPO securities
- Reference to previous circular NSE/CML/71717 dated December 09, 2025
Regulatory Changes
The security will move from a restrictive trade-for-trade settlement (where each trade requires full upfront payment and delivery) to normal rolling settlement. This allows for standard T+1 settlement cycle and greater trading flexibility.
Compliance Requirements
- Members should note the segment change effective December 24, 2025
- Trading in SHRIKANHA will shift from Series ST to Series SM
- Standard rolling settlement procedures will apply from the effective date
Important Dates
- Circular Date: December 10, 2025
- Effective Date: December 24, 2025
- Previous Related Circular: NSE/CML/71717 dated December 09, 2025
Impact Assessment
Market Impact: Medium - The transfer to rolling segment typically improves liquidity and trading activity as it removes trade-for-trade restrictions. Investors will be able to trade the stock with standard margin facilities and settlement cycles.
Operational Impact: Low - This is a routine administrative change for post-IPO securities transitioning from restrictive to normal trading mode. Members need to update their systems to reflect the series change from ST to SM.
Impact Justification
Routine segment transfer for SME IPO stock from restrictive trade-for-trade to normal rolling settlement, improving liquidity for investors