Description
SKN Industries Limited will be removed from BSE's Dissemination Board effective August 18, 2025, due to exit option exercised under SEBI regulations.
Summary
BSE has announced the removal of SKN Industries Limited from its Dissemination Board effective Monday, August 18, 2025. This action is taken pursuant to SEBI circular SEBI/HO/MRD/DSA/CIR/P/2016/110 dated October 10, 2016, as the company has exercised its exit option.
Key Points
- SKN Industries Limited (CIN: U27320DL1992PLC050472) will be removed from BSE’s Dissemination Board
- Company’s registered address: 368/369, 3rd Floor, Basant Building, Chaudhary Market, Sultanpur, South Delhi, New Delhi - 110030
- Removal reason: Exit option exercised by the company
- Company shares will no longer be available on BSE’s Dissemination Board after removal
- Escrow account will remain open for one year as per SEBI regulations
Regulatory Changes
No new regulatory changes introduced. This action follows existing SEBI circular SEBI/HO/MRD/DSA/CIR/P/2016/110 dated October 10, 2016 regarding exclusively listed companies.
Compliance Requirements
- Trading members requiring clarifications on exit option should contact designated officials
- Company must maintain escrow account for one year period
- Standard delisting compliance procedures to be followed
Important Dates
- August 18, 2025: Effective date for removal from Dissemination Board
- One year from removal: Escrow account closure date
Impact Assessment
Minimal market impact as this affects only one exclusively listed company. Trading members and investors holding shares of SKN Industries Limited should be aware that the shares will no longer be available for trading on BSE’s platform. Contact information provided for both company and exchange officials for any clarifications regarding the exit process.
Impact Justification
Affects only one small exclusively listed company with limited market impact