Description

NSE announces transfer of Sundrex Oil Company Limited from trade-for-trade segment to rolling segment effective January 13, 2026.

Summary

The National Stock Exchange has announced that Sundrex Oil Company Limited (Symbol: SOCL) will be transferred from the trade-for-trade segment (Series: ST) to the rolling segment (Series: SM) effective January 13, 2026. This follows the company’s SME IPO and is issued pursuant to SEBI guidelines dated January 20, 2012.

Key Points

  • Stock Symbol: SOCL (Sundrex Oil Company Limited)
  • Transfer from Series ST (trade-for-trade) to Series SM (rolling segment)
  • Effective Date: January 13, 2026
  • Follows previous circular NSE/CML/72031 dated December 29, 2025
  • Action taken pursuant to SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012

Regulatory Changes

The security will move from a restrictive trade-for-trade segment to the normal rolling settlement segment, allowing for standard T+2 settlement and improved liquidity. This is a standard post-IPO progression for SME listings that have successfully stabilized.

Compliance Requirements

Members should:

  • Update their systems to reflect the segment change from ST to SM for SOCL
  • Ensure trading systems are configured for rolling settlement effective January 13, 2026
  • Familiarize clients with the change in trading mechanism

Important Dates

  • Circular Date: December 30, 2025
  • Effective Date: January 13, 2026
  • Reference Circular: NSE/CML/72031 dated December 29, 2025

Impact Assessment

This change is positive for SOCL shareholders and traders as it:

  • Increases liquidity by removing trade-for-trade restrictions
  • Allows for intraday trading and short-selling (subject to regulations)
  • Enables standard rolling settlement instead of compulsory delivery
  • Indicates successful stabilization of the SME IPO
  • May attract broader investor participation due to improved trading flexibility

Impact Justification

Routine segment transfer for SME IPO stock from restrictive trade-for-trade to normal rolling segment, indicating successful listing stabilization. Medium impact for SOCL traders as liquidity improves.