Description

Striders Impex Limited (STRIDERS) will be transferred from Trade for Trade segment (Series: ST) to Rolling segment (Series: SM) effective March 20, 2026, following its SME IPO.

Summary

NSE has announced that Striders Impex Limited (Symbol: STRIDERS), which was listed under the Trade for Trade segment (Series: ST) as part of its SME IPO, will be migrated to the Rolling segment (Series: SM) effective March 20, 2026. This follows Exchange Circular NSE/CML/73148 dated March 05, 2026 and is in accordance with SEBI guidelines under circular CIR/MRD/DP/02/2012 dated January 20, 2012.

Key Points

  • STRIDERS (Striders Impex Limited) will move from Trade for Trade segment (Series: ST) to Rolling segment (Series: SM)
  • Effective date of transfer: March 20, 2026
  • This is a follow-up to NSE/CML/73148 dated March 05, 2026
  • Transfer is pursuant to SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012

Regulatory Changes

The securities of Striders Impex Limited are being transitioned per SEBI’s regulatory framework for SME IPO listings. SEBI circular CIR/MRD/DP/02/2012 mandates the process by which newly listed SME IPO securities migrate from the mandatory Trade for Trade settlement to normal rolling settlement.

Compliance Requirements

  • All NSE members must note the segment change for STRIDERS effective March 20, 2026
  • Trading systems and order management should be updated to reflect the new series (SM) from the effective date
  • No action required from the company; this is an exchange-level operational change

Important Dates

  • March 05, 2026: Previous circular NSE/CML/73148 issued regarding STRIDERS listing
  • March 06, 2026: This circular issued (NSE/CML/73165)
  • March 20, 2026: Effective date of transfer from Trade for Trade (ST) to Rolling segment (SM)

Impact Assessment

This is a standard post-IPO procedural transition for SME listings. Moving from Trade for Trade (ST) to Rolling (SM) settlement increases trading flexibility for investors — Trade for Trade requires compulsory delivery and does not allow netting of positions, while Rolling settlement allows normal intraday and delivery-based trading. This migration typically improves liquidity and ease of trading for retail and institutional investors holding or wishing to trade STRIDERS shares.

Impact Justification

Routine post-IPO segment migration from Trade for Trade (ST) to Rolling (SM) for a single SME stock; affects trading mechanics for STRIDERS shareholders but is a standard procedural step.