Dear Customer,

As you are aware that SEBI has, vide its circular no. SEBI/HO/MRD2/DCAP/P/CIR/2021/628 dated September 7, 2021 introduced T + 1 settlement whereby stocks were to be periodically shifted from T + 2 to T + 1 settlement cycle in a phased manner spread over 12 batches.

Accordingly, effective January 27, 2023, all the remaining securities which were in T+2 settlement cycle and all securities on which derivatives contracts are available, shall be transferred to T+1 rolling settlement.

The list of the stocks which will be shifted from T + 2 settlement cycle to T + 1 settlement cycle is provided here.

You are requested to kindly take note of the following important points:

·       Shares bought on the trade date January 25, 2023 that are being moved from T+2 to T+1 settlement cycle should not be sold on the next trade date i.e. January 27, 2022, as BTST trades won’t be processed thereby leading to an auction.

·       Losses incurred on account of the auction therein shall be your sole responsibility and 5paisa shall not be responsible whatsoever for the same.

You are requested to take note of the above and abide.