Description
BSE revokes suspension of trading for Modern Malleables Ltd equity shares, allowing normal trading to resume.
Summary
BSE has revoked the suspension in trading of equity shares of Modern Malleables Ltd. (Scrip Code: 517336). The company, engaged in manufacturing overhead electrical power conductors and hardware accessories for power transmission and distribution projects, can now resume normal trading activities.
Key Points
- Trading suspension revoked for Modern Malleables Ltd. (Scrip Code: 517336)
- Company is manufacturer of overhead electrical power conductors and accessories
- Registered office at 53B, Mirza Ghalib Street, Kolkata - 700016
- Plant location at Liluah, Howrah (West Bengal)
- Listed on BSE Limited and Calcutta Stock Exchange Ltd.
- Mr. Biswanath Jhunjhunwala is Managing Director and Chairman
Company Details
- CIN: L27101WB1982PLC035371
- GST No: 19AABCM5669D1ZB
- Business: Power transmission and distribution equipment manufacturing
- Auditors: M/s. B.R. Khaitan & Co.
- Compliance Officer: Mr. Gautam Bharati
Trading Status
- Suspension in equity shares trading has been revoked
- Normal trading activities can resume
- Company remains listed on BSE and Calcutta Stock Exchange
Impact Assessment
Positive development for Modern Malleables shareholders as trading suspension removal restores liquidity and normal market operations for the stock. The company can now access capital markets normally and shareholders can trade their holdings without restrictions.
Impact Justification
Trading suspension revocation for a single company affects shareholders and trading activity for that specific stock