BSE notice 20260720-34 · 20 Jul 2026
Official record
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Check the official recordBSE has announced the transfer of specific securities to the Trade-to-Trade (T/XT/MT/TS) settlement group as a preventive surveillance measure to ensure market safety and investor protection. Effective July 23, 2026, securities listed in Annexure I will be moved to these groups, while those in Annexure II will remain in their current groups (T/XT/MT/TS/P/Z/ZP) and be subject to a 5% price band. Trading members must note that settlement for these scrips will occur on a trade-to-trade basis with no netting of positions allowed. Additionally, a 100% VAR margin will be levied on these securities. This measure is temporary and subject to periodic review based on market conditions.
What you must do
Key dates
| Notice No. | 20260720-34 |
| Notice Date | 20 Jul 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/markets/equity/EQReports/sur_Surveillance.html#!#her3.
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. July 23 , 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 Deputy Vice President Surveillance
Arpita Joshi Manager Surveillance
Who is affected
Thresholds
If you do not comply