SEBI introduces T+1 settlement cycle for stocks on optional basis

A Stock Exchange may choose to offer T+1 settlement cycle on any of the scrips, after giving an advance notice of at least 1 month, regarding change in the settlement cycle, to all stakeholders, including the public at large, and also disseminating the same on its website.

source https://www.caclubindia.com/articles/sebi-introduces-t-1-settlement-cycle-for-stocks-on-optional-basis-45754.asp