Description

NSE announces half-yearly review of market lot sizes for SME platform securities, with 22 symbols revised downwards and 521 symbols unchanged, effective April 30, 2026.

Summary

NSE has completed its half-yearly review of market lot sizes for active securities on the SME Platform, in accordance with SEBI circular CIR/MRD/DSA/06/2012 dated February 21, 2012. For the March 2026 review cycle, 22 symbols have had their market lots revised downwards, while 521 symbols remain unchanged. The revised lot sizes will be effective from April 30, 2026.

Key Points

  • Half-yearly review conducted per SEBI circular CIR/MRD/DSA/06/2012 (February 21, 2012) on standardized lot sizes for SME Exchange/Platform
  • 22 SME securities have lot sizes revised downwards effective April 30, 2026
  • 521 SME securities remain unchanged
  • Members must load the updated security.gz/nnf_security.gz file in trading applications before trading on the effective date
  • Updated files available from directory /common/NTNEAT on the extranet server

Regulatory Changes

No new regulatory framework introduced. This circular implements the existing SEBI mandate for periodic (half-yearly) review of SME platform lot sizes to ensure standardization and market accessibility.

Compliance Requirements

  • Members/Brokers: Must load the updated security.gz or nnf_security.gz file in their trading applications before April 30, 2026
  • Files to be obtained from /common/NTNEAT on the NSE extranet server
  • Trading in affected securities after the effective date must use the revised lot sizes

Important Dates

  • Circular Date: March 30, 2026
  • Effective Date for Revised Lot Sizes: April 30, 2026

Impact Assessment

The downward revision of lot sizes for 22 SME securities improves retail investor accessibility by reducing the minimum investment threshold. Notable reductions include:

  • ANONDITA (Anondita Medicare): 1000 → 200 (80% reduction)
  • MEGAFLEX (Mega Flex Plastics): 3000 → 1000 (67% reduction)
  • MOXSH (Moxsh Overseas Educon): 3200 → 1600 (50% reduction)
  • MILTON (Milton Industries): 4400 → 2200 (50% reduction)
  • VIJAYPD (Vijaypd Ceutical): 4000 → 2000 (50% reduction)
  • DIVINEHIRA (Divine Hira Jewellers): 1600 → 400 (75% reduction)

These changes are operational in nature and will enhance liquidity and price discovery for affected SME securities. The majority of SME securities (521 symbols) are unaffected. Members need to update their trading systems ahead of the effective date to avoid trading errors.

Impact Justification

Routine half-yearly SME lot size review affecting 22 securities with downward revisions; improves liquidity and accessibility for retail investors in SME segment but limited broader market impact.