Description
NSE announces the change of market maker for SME-listed RAPIDFLEET from MLB Stock Broking Private Limited to JSK Securities and Services Private Limited, effective May 8, 2026.
Summary
NSE’s Capital Market Segment has notified all members of a change in the designated market maker for RAPID FLEET MANAGEMENT SERVICES LIMITED (symbol: RAPIDFLEET), an SME-listed company. The transition is from MLB Stock Broking Private Limited to JSK Securities and Services Private Limited, effective May 8, 2026.
Key Points
- Symbol: RAPIDFLEET
- Company: RAPID FLEET MANAGEMENT SERVICES LIMITED
- Old Market Maker: MLB STOCK BROKING PRIVATE LIMITED (Member Code: 90252)
- New Market Maker: JSK SECURITIES AND SERVICES PRIVATE LIMITED (Member Code: 90424)
- Effective Date: May 8, 2026
- Circular Reference: NSE/CMTR/74102, Circular Ref. No. 60/2026
Regulatory Changes
No regulatory rule changes. This is an administrative update to the market maker assignment for an SME scrip on the Capital Market Segment.
Compliance Requirements
All NSE members are advised to take note of the change in market maker for RAPIDFLEET. No specific compliance action is required from members beyond awareness of the updated market maker details.
Important Dates
- Circular Date: May 7, 2026
- Effective Date of New Market Maker: May 8, 2026
Impact Assessment
The impact is limited to the SME scrip RAPIDFLEET. The change of market maker is a routine operational matter and does not affect broader market participants. Liquidity provision for RAPIDFLEET will now be handled by JSK Securities and Services Private Limited from May 8, 2026 onwards.
Impact Justification
Routine administrative change of market maker for a single SME-listed company; no regulatory rule change or broad market impact.