Description
BSE removes SKN Industries Limited from its Dissemination Board effective August 18, 2025 due to exit option provision.
Summary
BSE will remove SKN Industries Limited from its Dissemination Board effective Monday, August 18, 2025. The removal is pursuant to SEBI circular SEBI/HO/MRD/DSA/CIR/P/2016/110 dated October 10, 2016, and follows the company’s exit option. After removal, SKN Industries shares will no longer be available on BSE’s Dissemination Board.
Key Points
- SKN Industries Limited (CIN: U27320DL1992PLC050472) to be removed from BSE Dissemination Board
- Removal reason: Exit option as per SEBI regulations
- Company registered address: 368/369, 3rd Floor, Basant Building, Chaudhary Market, Sultanpur, South Delhi 110030
- Escrow account will remain open for one year post-removal
Regulatory Changes
Implementation of SEBI circular SEBI/HO/MRD/DSA/CIR/P/2016/110 regarding removal of exclusively listed companies from dissemination boards when exit option is exercised.
Compliance Requirements
- Trading members requiring clarifications on exit option should contact designated officials
- Company must maintain escrow account for one year period
- Standard exit option procedures as per SEBI guidelines to be followed
Important Dates
- Effective Date: Monday, August 18, 2025
- Notice Date: August 14, 2025
- Escrow Period: One year from removal date
Impact Assessment
Limited market impact as this affects only one exclusively listed company. Trading members will need to adjust their systems to reflect the removal. The maintained escrow account ensures investor protection during the transition period.
Impact Justification
Affects only one exclusively listed company with limited trading impact