SEBI/HO/MRD/MRD -PoD -3/P/CIR/2024/172 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/MRD/MRD -PoD -3/P/CIR/2024/172 All Recognized Stock Exchanges All Recognized Clearing Corporations All Depositories All Qualified Stock Brokers All Custodians Sir/ Madam Subject: Enhancement in the scope of optional T+0 rolling settlement cycle in addition to the existing T+1 settlement cycle in Equity Cash Markets SEBI vide Circular No.SEBI/HO/MRD/MRD -PoD -3/P/CIR/2024/20 dated March 21, 2024 introduced the beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets , for a limited set of 25 scrips and with a limited number of brokers. In order to enable smooth implementation and avoid any disruptions in the implementation of beta version of optional T+0 settlement cycle, the mechanism was enabled only for non-custodian clients with effect from March 28, 2024. Based on the feedback received from various stakeholders to increase the efficiency of optional T+0 settlement cycle and approval of the Board , it has been decided to enhance the scope of optional T+0 settlement cycle, with the following measures: 3.1. Increase in number of eligible scrips for trading under optional T+0 settlement cycle: Page 1 of 4 3.1.1. Optional T+0 settlement cycle shall be made available to top 500 scrips in terms of market capitalization as on December 31, 2024. The scrips shall be made December 10, 2024 available for trading and settlement starting with scrips at bottom 100 companies out of the aforesaid 500 companies and gradually include the next bottom 100 companies every month till top 500 companies are available for trading in optional T+0 settlement cycle. 3.1.2. The above list of scrips shall be in addition to the existing 25 scrips available for trading and settlement under the Beta versio