Description

BSE announces compulsory delisting of Manpasand Beverages Ltd effective August 05, 2025, following suspension for over 6 months and tribunal order.

Summary

BSE announces the compulsory delisting of Manpasand Beverages Ltd (Scrip Code: 539207) effective August 05, 2025. The delisting follows the company’s suspension for more than 6 months and is pursuant to orders from BSE’s Delisting Committee and Securities Appellate Tribunal (SAT) dated July 25, 2025, under SEBI (Delisting of Equity Shares) Regulations, 2021.

Key Points

  • Manpasand Beverages Ltd (539207) to be compulsorily delisted from August 05, 2025
  • Company has been suspended for over 6 months triggering delisting provisions
  • Action taken under SEBI (Delisting of Equity Shares) Regulations, 2021
  • SAT order dated July 25, 2025 supports the delisting decision
  • Securities will cease trading on BSE platform

Regulatory Changes

  • Implementation of SEBI (Delisting of Equity Shares) Regulations, 2021 provisions
  • Enforcement of 10-year market access ban for promoters and directors
  • Mandatory exit option requirement for public shareholders
  • Transfer restrictions and benefit freezing for promoter shares if fair value is positive

Compliance Requirements

  • Promoters must: Purchase shares from public shareholders at fair value determined by independent valuer
  • Company and depositories: Cannot effect transfer/sale/pledge of promoter equity shares
  • Corporate benefits: Dividend, rights, bonus shares frozen for promoter group until exit option provided
  • Director restrictions: Promoters and whole-time directors cannot become directors of listed companies until exit option completed
  • Market access ban: 10-year prohibition on securities market access for company, directors, promoters

Important Dates

  • Delisting Effective Date: August 05, 2025
  • SAT Order Date: July 25, 2025
  • Notice Date: August 01, 2025
  • Public Notice: To be issued shortly with fair value details

Impact Assessment

Market Impact: Complete removal of trading facility for existing shareholders, forcing mandatory exit through promoter buyback at fair value. Operational Impact: Company moves to Dissemination Board with severe restrictions on promoter activities. Investor Impact: Public shareholders must await promoter buyback offer at independently determined fair value. Regulatory Impact: Sets precedent for strict enforcement of delisting regulations with comprehensive penalties including decade-long market bans.

Impact Justification

Complete delisting affects all shareholders with mandatory exit option and 10-year market access ban for promoters