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Inquiry about Category in BSE

ashwani (na) (210 Points)

26 March 2021

Respected experts ,

Kindly let me know what is meant by category X company which is listed in BSE.

If i check share of this company it shows in category X , does it mean bad or non compliant company ?

Thanks in advance

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1 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 31 March 2021

As a part of Exchange's role towards ensuring market integrity, BSE is continuously looking for further strengthening of the market regulation framework particularly in respect of securities of companies that are only listed/traded at BSE, considering their specific characteristics such as large number of companies, low to moderate market capitalization, lower contribution to overall trading turnover and relatively higher attention required to be devoted to these securities by the Exchange, from a regulatory due diligence and monitoring standpoint.

It is therefore decided to classify equity securities of companies that are only listed/traded at BSE and satisfy certain parameters into separate sub-segments called "X", and "XT". At the time of review any securities falling in Trade-for-Trade segment ('DT' or 'T' groups) are classified under "XT" sub-segment.