Description
NSE announces change of market maker for SME-listed MAXPOSURE LIMITED, replacing GIRIRAJ STOCK BROKING PRIVATE LIMITED with NIKUNJ STOCK BROKERS LTD effective March 30, 2026.
Summary
NSE has announced a change in the designated market maker for MAXPOSURE LIMITED (Symbol: MAXPOSURE), an SME-listed company on the Capital Market Segment. The market maker role transitions from GIRIRAJ STOCK BROKING PRIVATE LIMITED to NIKUNJ STOCK BROKERS LTD effective March 30, 2026.
Key Points
- Market maker for MAXPOSURE LIMITED is being changed effective March 30, 2026
- Outgoing market maker: GIRIRAJ STOCK BROKING PRIVATE LIMITED (Member Code: 90318)
- Incoming market maker: NIKUNJ STOCK BROKERS LTD (Member Code: 06913)
- All NSE members are advised to take note of this change
Regulatory Changes
No regulatory framework changes. This is an administrative update to the designated market maker assignment under the SME market making framework on NSE’s Capital Market Segment.
Compliance Requirements
All NSE members are required to take note of the change in market maker for MAXPOSURE LIMITED. No specific compliance action is required from members beyond awareness of the updated market maker details.
Important Dates
- Circular Date: March 25, 2026
- Effective Date of New Market Maker: March 30, 2026
Impact Assessment
Minimal market impact. The change only affects the designated liquidity provider for MAXPOSURE LIMITED on the SME platform. Continuity of market making obligations is expected as NIKUNJ STOCK BROKERS LTD assumes responsibility from March 30, 2026. Investors and traders in MAXPOSURE LIMITED should be aware of the new market maker but no disruption to trading is anticipated.
Impact Justification
Routine market maker change for a single SME company with no broader market implications; affects only liquidity provision for MAXPOSURE LIMITED shares.