BSE has announced that equity shares of Recode Studios Limited (SME IPO, Scrip Code: 544755) will be transferred from the Trade for Trade segment (MT Group) to the Rolling segment (M Group) effective Tuesday, May 26, 2026. This notice continues from BSE Notice No. 20260511-46 dated May 11, 2026.

Key Points

• Equity shares of Recode Studios Limited (Scrip Code: 544755) will move from Trade for Trade (MT Group) to Rolling segment (M Group)
• Effective date of transfer: Tuesday, May 26, 2026
• This is an SME IPO-listed company
• Notice is a continuation of BSE Notice No. 20260511-46 dated May 11, 2026
• Contact person: Mr. Anurag Jain, Tel. No. 022-2272 8822

Regulatory Changes

The equity shares will shift from the Trade for Trade (TFT) settlement mechanism under the MT Group to the normal Rolling settlement under the M Group. In the Rolling segment, trades are settled on a T+1 or T+2 basis with netting allowed, unlike the TFT segment where each trade must be settled individually.

Compliance Requirements

• Trading Members must take note of the segment change effective May 26, 2026
• Systems and order management processes should be updated to reflect the new group classification (M Group) for Scrip Code 544755
• Members with pending strategies or orders in MT Group should review positions ahead of the transition date

Important Dates

• May 11, 2026: Initial notice issued (BSE Notice No. 20260511-46)
• May 12, 2026: Current follow-up notice issued
• May 26, 2026: Effective date of transfer from MT Group to M Group

Impact Assessment

The transfer from Trade for Trade to Rolling segment typically signals improved liquidity and maturity for an SME-listed stock post-IPO lock-in period. For traders and investors, this means:

• Intraday trading and netting of positions will become permissible
• Settlement risk profile changes from gross to net settlement
• Potentially increased trading volumes and tighter bid-ask spreads as more trading strategies become available
• Existing holders are unaffected in terms of ownership; only the trading mechanism changes