Description

NSE announces transfer of Value 360 Communications Limited (symbol: VALUE360) from Trade for Trade segment (Series: ST) to Rolling segment (Series: SM) effective May 25, 2026, following its SME IPO.

Summary

NSE has announced that Value 360 Communications Limited (NSE symbol: VALUE360), which listed under the SME IPO framework, will be transferred from the Trade for Trade segment (Series: ST) to the Rolling segment (Series: SM) with effect from May 25, 2026. This is a standard post-IPO transition for SME-listed securities.

Key Points

  • Symbol VALUE360 (Value 360 Communications Limited) will move from Series ST (Trade for Trade) to Series SM (Rolling segment)
  • Effective date of transfer: May 25, 2026
  • This circular follows Exchange Circular NSE/CML/74136 dated May 08, 2026
  • The transfer is pursuant to SEBI guidelines vide circular CIR/MRD/DP/02/2012 dated January 20, 2012
  • The circular is issued by NSE’s Listing department under Download Ref No: NSE/CML/74116, Circular Ref. No: 0755/2026

Regulatory Changes

No new regulatory changes are introduced. This action is pursuant to the existing SEBI framework (CIR/MRD/DP/02/2012 dated January 20, 2012) governing the transition of securities from the Trade for Trade segment to the Rolling segment after the mandatory lock-in period post-IPO listing.

Compliance Requirements

  • All NSE members must note the segment change for VALUE360 effective May 25, 2026
  • Trading systems and order management systems should be updated to reflect the new series (SM) for VALUE360 from the effective date
  • Members should inform their clients about the change in settlement mechanism

Important Dates

  • Circular Date: May 11, 2026
  • Reference Circular Date: May 08, 2026 (NSE/CML/74136)
  • Effective Date of Segment Transfer: May 25, 2026

Impact Assessment

The transfer from Trade for Trade (Series ST) to Rolling segment (Series SM) means that VALUE360 shares will no longer require mandatory delivery for every trade. Under the Rolling segment, normal netting and settlement mechanisms apply, improving liquidity and reducing settlement risk for traders. This is a positive development for market participants holding or trading VALUE360, as it signals the completion of the mandatory trade-for-trade period post-SME IPO and normalizes trading conditions for the scrip.

Impact Justification

Routine post-IPO segment transfer for an SME scrip from trade-for-trade to rolling settlement, affecting trading mechanics for VALUE360 holders and traders from May 25, 2026.