Description
NSE announces change of market maker for Dhanlaxmi Crop Science Limited from MNM Stock Broking Pvt Ltd to Sunflower Broking Pvt. Ltd., effective January 1, 2026.
Summary
National Stock Exchange of India Limited has announced a change in the market maker for Dhanlaxmi Crop Science Limited, an SME company. The market maker role will transition from MNM Stock Broking Pvt Ltd to Sunflower Broking Pvt. Ltd., effective January 1, 2026.
Key Points
- Company affected: Dhanlaxmi Crop Science Limited (Symbol: DHANLAXMI)
- Previous market maker: MNM Stock Broking Pvt Ltd (Member Code: 90080)
- New market maker: Sunflower Broking Pvt. Ltd. (Member Code: 13586)
- Effective date: January 1, 2026
- Segment: SME (Small and Medium Enterprises)
Regulatory Changes
No regulatory framework changes. This is an administrative update regarding the designated market maker for a specific SME listed company.
Compliance Requirements
Members are required to note the change in market maker for Dhanlaxmi Crop Science Limited. The new market maker, Sunflower Broking Pvt. Ltd., will be responsible for providing liquidity and maintaining orderly markets for the stock from January 1, 2026.
Important Dates
- Circular Date: December 31, 2025
- Effective Date: January 1, 2026
Impact Assessment
The impact is limited to trading operations for Dhanlaxmi Crop Science Limited shares. Market makers play a crucial role in ensuring liquidity for SME stocks, so the transition should be seamless to maintain trading continuity. This change may result in slight variations in bid-ask spreads during the transition period but is not expected to have broader market implications. Members trading in this security should note the new market maker details for coordination purposes.
Impact Justification
Routine change of market maker for a single SME company with minimal market-wide impact; primarily affects trading liquidity for one specific stock.