Description

NSE discontinues weekly 'Trade for Trade' (Series SZ) trading in Sahaj Fashions Limited effective April 15, 2026, following completion of the mandated six-month weekly trading period for non-compliance with Regulation 33.

Summary

NSE has announced the discontinuation of weekly ‘Trade for Trade’ (Series “SZ”) trading in the equity shares of Sahaj Fashions Limited (Symbol: SAHAJ) effective April 15, 2026. This follows the completion of the mandated six-month period of trading on the first trading day of every week, which was imposed due to non-compliance with Regulation 33 of the SEBI Listing Regulations (non-submission of financial results for two consecutive quarters).

Key Points

  • Weekly ‘Trade for Trade’ (Series “SZ”) trading in SAHAJ will be discontinued with effect from April 15, 2026
  • The last day of weekly trading under Series SZ will be April 13, 2026 (closing hour)
  • The restriction was originally imposed via Circular Ref. 1610/2025 (NSE/CML/69871) dated August 26, 2025
  • The six-month mandated weekly trading period completes on April 13, 2026
  • The discontinuation is in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (originally issued July 11, 2023, last updated January 30, 2026)

Regulatory Changes

The company was placed under ‘Trade for Trade’ weekly trading (Series SZ) for non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically for failure to submit financial results for two consecutive quarters ending September 30, 2024 and March 31, 2025. Upon completion of the six-month punitive period, the weekly trading restriction is lifted per SEBI’s Master Circular framework.

Compliance Requirements

  • No new compliance obligations are introduced by this circular
  • Members should note the change in trading series/conditions for SAHAJ from April 15, 2026
  • Sahaj Fashions Limited must continue to meet all ongoing SEBI Listing Regulations obligations to avoid re-imposition of surveillance measures

Important Dates

  • April 13, 2026: Last day of weekly ‘Trade for Trade’ (Series SZ) trading in SAHAJ (effective from closing hour)
  • April 15, 2026: Effective date of discontinuation of weekly trading restriction
  • August 26, 2025: Original circular imposing the weekly trading restriction (Ref. 1610/2025)

Impact Assessment

This circular has a moderate positive impact for existing holders and traders of Sahaj Fashions Limited (SAHAJ). The removal of the weekly trading restriction means the stock will revert to normal trading conditions, improving liquidity by allowing trading on all trading days rather than only the first trading day of each week. The ‘Trade for Trade’ settlement basis under Series SZ prevents netting of positions, which limits speculative activity; removal of this restriction may see increased trading volumes. The impact is confined to participants in SAHAJ and does not affect broader market operations.

Impact Justification

Affects a single small-cap stock (SAHAJ); marks the end of a punitive trading restriction rather than a new enforcement action. Traders in SAHAJ should note the change in trading conditions from April 15, 2026.