Description

DCM Shriram Industries Limited will be available for trading in Trade for Trade segment (Series: BE) with effect from December 19, 2025.

Summary

Pursuant to a Scheme of Arrangement, DCM Shriram Industries Limited (DCMSRIND) will be moved to the Trade for Trade segment (Series: BE) effective December 19, 2025. The stock will also be part of the call auction in the pre-open session as per SEBI guidelines.

Key Points

  • DCMSRIND will trade in Trade for Trade segment (Series: BE)
  • Change effective from December 19, 2025 (Friday)
  • Stock will be part of call auction in pre-open session
  • Change implemented pursuant to Scheme of Arrangement
  • Governed by SEBI Circular No. CIR/MRD/DP/02/2012 dated January 20, 2012

Regulatory Changes

The stock is being moved to Trade for Trade segment, which means:

  • All trades must result in delivery (no intraday trading)
  • Settlement on a trade-for-trade basis
  • Participation in call auction during pre-open session
  • This is in compliance with SEBI’s framework for trade-for-trade segment

Compliance Requirements

  • Market participants must be aware that DCMSRIND can only be traded on a delivery basis
  • No intraday square-off is permitted
  • Trades will be settled through compulsory delivery
  • Investors must have sufficient funds/securities before placing orders

Important Dates

  • Effective Date: December 19, 2025 (Friday)
  • Circular Date: December 16, 2025

Impact Assessment

The move to Trade for Trade segment significantly impacts trading in DCMSRIND:

  • Liquidity Impact: Expected reduction in trading volumes due to compulsory delivery requirement
  • Trading Restrictions: Eliminates intraday trading opportunities
  • Investor Impact: Only delivery-based investors can participate; speculators and day traders will exit
  • Price Discovery: Call auction mechanism may lead to different price discovery dynamics
  • Risk Management: Reduces speculative activity and volatility

This change is typically implemented for stocks undergoing corporate actions like mergers, demergers, or scheme of arrangements to ensure orderly trading and proper settlement.

Impact Justification

Affects trading mechanism for DCMSRIND stock by moving it to Trade for Trade segment, which restricts trading flexibility and requires delivery-based settlement