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BSE transfers specific securities to the Trade-to-Trade segment as a surveillance measure. This action applies to securities listed in Annexure I effective November 13, 2026. Securities in Annexure II remain in their current groups and attract a 5% price band. Trading members must not net off positions for these securities. The exchange levies a 100% VAR margin on these scrips. This measure is temporary and subject to periodic review based on market conditions. The transfer is a surveillance action and does not represent an adverse action against the listed companies.
What you must do
Key dates
| Notice No. | 20261109-36 |
|---|---|
| Notice Date | 09 Nov 2026 |
| Category | Trading |
| Segment | Equity |
| Department | DOSS |
| Subject | REVISION OF SCRIPS IN TRADE TO TRADE SEGMENT |
| Attachments | Annexure_TFT |
As a part of Surveillance measures and based on the extant SEBI framework, the Exchanges transfer various securities for settlement on a Trade-to-Trade basis. The criteria for shifting securities to/from for settlement on trade-to-trade basis is decided in consultation with SEBI and applied uniformly across the stock exchanges and reviewed periodically.
The detailed criteria of shifting scrip to/from Trade-to-Trade are available on website at
https://www.bseindia.com/static/members/surveillance_notice
The Exchange with a view to take preventive surveillance measure to ensure market safety and safeguard the interest of the investors, has decided to take the following Surveillance actions:
The securities mentioned in Annexure I, which are satisfying all the criteria I, II and III will be transferred to T / XT / MT / TS Group w.e.f. November 13, 2026. The securities mentioned in Annexure II will continue to remain in T / XT / MT / TS / P / Z / ZP Group and would attract a price band of 5%.
Trading Members are requested to take adequate precaution while trading in above securities, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed. Further, as per the provisions of Exchange Notice No. 20050805-12 dated 05 August 2005; a VAR Margin of 100% will also be levied on these scrips.
Trading Members should note that the transfer of security/ies for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be periodically reviewed depending on the market conditions.
Note: Shortlisting of securities is based on the XBRL submission by the respective listed companies.
In case, trading members require any clarification, members may write to us at bse.surv@bseindia.com
For & On behalf of BSE Ltd
| Sanjay Jain | Shreya Ghose |
|---|---|
| Deputy Vice President | Manager |
| Surveillance | Surveillance |
Who is affected
Thresholds
If you do not comply
Ask about this notice