Description
Avana Electrosystems Limited to be transferred from trade for trade segment (ST) to rolling segment (SM) effective February 04, 2026.
Summary
National Stock Exchange has announced the transfer of Avana Electrosystems Limited from the trade for trade segment (Series: ST) to the rolling segment (Series: SM) effective February 04, 2026. This follows the earlier circular NSE/CML/72377 dated January 19, 2026 and is in accordance with SEBI guidelines (CIR/MRD/DP/02/2012 dated January 20, 2012).
Key Points
- Stock Symbol: AVANA (Avana Electrosystems Limited)
- Current Segment: Trade for Trade (Series: ST)
- New Segment: Rolling Segment (Series: SM)
- Effective Date: February 04, 2026
- References prior circular NSE/CML/72377 dated January 19, 2026
- Based on SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012
Regulatory Changes
The transfer follows standard SEBI guidelines for SME IPO listings. The move from trade for trade segment to rolling segment represents a transition to normal trading operations after the initial IPO listing period.
Compliance Requirements
- All members must note the segment change for AVANA effective February 04, 2026
- Trading in AVANA will follow rolling segment rules from the effective date
- No specific action required from members beyond updating trading parameters
Important Dates
- Circular Issue Date: January 20, 2026
- Effective Date of Segment Transfer: February 04, 2026
- Prior Circular Reference: January 19, 2026 (NSE/CML/72377)
Impact Assessment
The segment transfer will enable normal intraday trading and settlement cycles for AVANA stock. This is a positive development for liquidity as the trade for trade segment requires full upfront payment and delivery, while the rolling segment allows for T+1 settlement. The impact is limited to this single SME stock and represents a routine post-IPO progression.
Impact Justification
Segment transfer for a single SME stock affects trading methodology but is routine post-IPO procedure with limited market-wide impact