Description

BSE discontinues weekly trading facility for Gangotri Textiles Limited effective September 9, 2025, 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 Z group only on the first trading day of each week, following suspension for non-compliance with SEBI LODR Regulations.

Key Points

  • Gangotri Textiles Limited (Scrip Code: 521176) will lose weekly trading facility
  • Company was previously suspended for non-compliance with SEBI LODR Regulations 2015
  • Weekly trading facility was provided as per SEBI Master Circular dated November 11, 2024
  • Trading was restricted to Trade for Trade basis in Z group on first trading day of each week
  • Six-month mandated period has been completed

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 for suspension and revocation of equity shares.

Compliance Requirements

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

Important Dates

  • January 20, 2025: Original suspension notice issued
  • September 9, 2025: Effective date for discontinuation of weekly trading facility
  • Six months: Completion of mandated trading period

Impact Assessment

Limited market impact as this affects only one previously suspended company with restricted trading. The discontinuation follows standard regulatory procedures for non-compliant entities, with minimal effect on overall market operations. Investors holding shares in Gangotri Textiles Limited will lose the limited weekly trading opportunity.

Impact Justification

Affects only one suspended company with limited trading activity