Description
Supreme Court order rescinds delisting of Bhagawati Gas Ltd, changing status from Delisted to Suspended effective August 21, 2025.
Summary
BSE announces that pursuant to a Supreme Court order, the delisting of Bhagawati Gas Ltd (Scrip Code: 500051) has been rescinded. The company’s status will change from “Delisted” to “Suspended” effective August 21, 2025.
Key Points
- Supreme Court order has rescinded the delisting of Bhagawati Gas Ltd
- Company scrip code: 500051
- Status change from “Delisted” to “Suspended” effective August 21, 2025
- SEBI delisting regulations provisions no longer applicable to the company
Regulatory Changes
The provisions of Regulation 24(1) and Regulation 24(2) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 are no longer applicable to Bhagawati Gas Ltd following the Supreme Court order.
Compliance Requirements
Trading members of the exchange are informed of this status change and should note the revised classification of the company from delisted to suspended status.
Important Dates
- August 19, 2025: Notice date
- August 21, 2025: Effective date for status change from “Delisted” to “Suspended”
Impact Assessment
This Supreme Court intervention represents a significant reversal of the delisting process. While the company moves to suspended status rather than active trading, it removes the finality of delisting and may provide potential pathways for future relisting considerations.
Impact Justification
Supreme Court intervention reversing delisting is significant regulatory development affecting company status