Description

BSE announces compulsory delisting of Asahi Infrastructure & Projects Ltd effective August 28, 2025, following 6+ months suspension.

Summary

BSE announces compulsory delisting of Asahi Infrastructure & Projects Ltd (Scrip Code: 512535) effective August 28, 2025, pursuant to SEBI (Delisting of Equity Shares) Regulations, 2021. The company remained suspended for more than 6 months, triggering automatic delisting procedures.

Key Points

  • Asahi Infrastructure & Projects Ltd (512535) to be delisted from BSE platform
  • Delisting effective from August 28, 2025
  • Company suspended for more than 6 months
  • Decision by Exchange’s Delisting Committee under SEBI regulations
  • 10-year market access ban imposed on company and related entities

Regulatory Changes

Under SEBI (Delisting of Equity Shares) Regulations, 2021:

  • Securities cease to be listed and unavailable for trading
  • Promoters must purchase public shareholders’ shares at fair value
  • Transfer restrictions on promoter shares until exit option provided
  • Corporate benefits (dividend, rights, bonus) frozen for promoters

Compliance Requirements

  • Company and depositories cannot effect transfer of promoter shares
  • Promoters must provide exit option to public shareholders at fair value
  • Independent valuer to determine fair value for buyback
  • Public notice to be issued for exit mechanism
  • Promoters, directors cannot become directors of listed companies until exit provided

Important Dates

  • August 28, 2025: Effective delisting date
  • 10 years from delisting: Market access ban period
  • To be announced: Public notice for exit option timeline

Impact Assessment

High Impact: Complete removal from trading platform affects all stakeholders. Promoters face significant financial obligations to buy out public shareholders. 10-year market access ban severely restricts future capital market activities for company, promoters, and related entities. Company moves to Dissemination Board for limited information access.

Impact Justification

Complete delisting with 10-year market access ban affects company, promoters, and public shareholders significantly