Description

BSE discontinues weekly trading facility for Gangotri Textiles Limited after completion of mandatory six-month period following suspension for SEBI LODR non-compliance.

Summary

BSE announces the discontinuation of weekly trading facility for Gangotri Textiles Limited (Scrip Code: 521176) effective September 9, 2025. This follows the completion of the mandatory six-month period during which the company’s shares were allowed to trade on a Trade for Trade basis in the Z group only on the first trading day of each week, after being suspended for non-compliance with SEBI LODR Regulations.

Key Points

  • Gangotri Textiles Limited (Scrip Code: 521176) affected by this discontinuation
  • Weekly trading facility was initially implemented following Exchange Notice No. 20250120-21 dated January 20, 2025
  • Trading was restricted to Trade for Trade basis in Z group on first trading day of each week
  • Six-month mandatory period as per SEBI Master Circular has been completed
  • Discontinuation effective from September 9, 2025

Regulatory Changes

Implementation of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, Chapter-VII(A) regarding Penal Actions for Non-Compliance with Standard Operating Procedure (SOP) for suspension and revocation of equity shares for SEBI LODR non-compliance.

Compliance Requirements

  • Trading Members must note the discontinuation of weekly trading facility
  • No further trading allowed for Gangotri Textiles Limited shares after September 9, 2025
  • Queries can be directed to bse.soplodr@bseindia.com

Important Dates

  • September 9, 2025: Discontinuation of weekly trading facility becomes effective
  • January 20, 2025: Initial suspension and weekly trading facility implementation date
  • August 22, 2025: Notice date

Impact Assessment

Limited market impact as this affects only one company that was already under trading restrictions. The discontinuation represents the final step in the disciplinary process for non-compliance with SEBI LODR Regulations. Trading members and investors holding shares of Gangotri Textiles Limited will no longer have any trading opportunity for these securities.

Impact Justification

Affects only one suspended company with limited trading activity