Groups

The scrips traded on BSE have been classified into various groups.
BSE has, for the guidance and benefit of the investors, classified the scrips in the Equity Segment into 'A',
'B', 'T' and 'Z' groups on certain qualitative and quantitative parameters. Criteria for "A" Group Companies
The "F" Group represents the Fixed Income Securities.
The "T" Group represents scrips which are settled on a trade-to-trade basis as a surveillance measure.
Trading in Government Securities by the retail investors is done under the "G" group.
The 'Z' group was introduced by BSE in July 1999 and includes companies which have failed to
comply with its listing requirements and/or have failed to resolve investor complaints and/or have
not made the required arrangements with both the depositories, viz., Central Depository Services
(I) Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) for dematerialization of their
securities.
BSE also provides a facility to the market participants for on-line trading of odd-lot securities in physical
form in 'A', 'B', 'T' and 'Z' groups and in rights renunciations in all groups of scrips in the Equity Segment.
With effect from December 31, 2001, trading in all securities listed in the Equity segment takes place in
one market segment, viz., Compulsory Rolling Settlement Segment (CRS).
The scrips of companies which are in demat can be traded in market lot of 1. However, the securities of
companies which are still in the physical form are traded in the market lot of generally either 50 or 100.
Investors having quantities of securities less than the market lot are required to sell them as "Odd Lots".
This facility offers an exit route to investors to dispose of their odd lots of securities, and also provides
them an opportunity to consolidate their securities into market lots.
This facility of selling physical shares in compulsory demat scrips is called an Exit Route Scheme. This
facility can also be used by small investors for selling up to 500 shares in physical form in respect of
scrips of companies where trades are required to be compulsorily settled by all investors in demat mode.

AUCTION:
Auctions
An Auction Tender Notice is issued by BSE to the Members informing them about the names of the scrips
short or not delivered, quantity slated for auction and the date and time of the auction session on the
BOLT. The auction for the undelivered quantities is conducted on T+2 day between 2:00 p.m. and
2.45 p.m. for all the scrips under Compulsory Rolling Settlements except those in "Z" group and scrips on
"trade to trade" basis which are directly closed-out. A Member who has failed to deliver the securities of a
particular company on the pay-in day is not allowed to offer the same in auction. The Members, who
participate in the auction session, can download the Delivery Orders in respect of the auction obligations
on the same day, if their offers are accepted. The Members are required to deliver the shares in the
Clearing House on the auction Pay-in day, i.e, T+3. Pay-out of auction shares and funds is also done on

the same day, i.e., T+3.