Description

Shyam Dhani Industries Limited to be transferred from trade for trade segment (ST) to rolling segment (SM) effective January 13, 2026.

Summary

National Stock Exchange has announced the transfer of Shyam Dhani Industries Limited from the trade for trade segment (Series: ST) to the rolling segment (Series: SM), effective January 13, 2026. This follows the standard procedure for SME IPO listings as per SEBI guidelines.

Key Points

  • Security Symbol: SHYAMDHANI
  • Current Segment: Trade for Trade (Series: ST)
  • New Segment: Rolling Segment (Series: SM)
  • Transition follows NSE Circular NSE/CML/72033 dated December 29, 2025
  • Compliant with SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012

Regulatory Changes

The transfer from trade for trade to rolling segment represents a change in trading mechanism:

  • Trade for Trade segment requires compulsory delivery with no intraday trading
  • Rolling segment allows normal T+1 settlement with intraday trading permitted
  • This is a standard progression for SME IPO listings after initial stabilization period

Compliance Requirements

  • Trading members should update their systems to reflect the segment change
  • Series code changes from ST to SM
  • Standard rolling settlement procedures will apply from effective date
  • All existing positions must be squared off or delivered as per trade for trade rules before transition

Important Dates

  • Circular Issue Date: December 30, 2025
  • Reference Circular: NSE/CML/72033 dated December 29, 2025
  • Effective Date of Segment Transfer: January 13, 2026

Impact Assessment

Market Impact: Medium - The transition to rolling segment will increase liquidity and trading flexibility for SHYAMDHANI stock, allowing intraday trading and attracting more market participants.

Operational Impact: Low - Standard procedural change requiring system updates by trading members but no significant operational disruption expected.

Investor Impact: Positive - Investors will benefit from increased trading flexibility and improved liquidity in the rolling segment compared to restrictive trade for trade mechanism.

Impact Justification

Routine post-IPO segment transfer for SME stock from restrictive trade-for-trade to normal rolling settlement, enabling regular trading activity.