Description

BSE announces compulsory delisting of Asahi Infrastructure & Projects Ltd effective August 27, 2025, following 6+ months suspension.

Summary

BSE announces the compulsory delisting of Asahi Infrastructure & Projects Ltd (Scrip Code: 512535) effective August 27, 2025, following suspension for more than 6 months. The delisting is ordered by BSE’s Delisting Committee under SEBI (Delisting of Equity Shares) Regulations, 2021.

Key Points

  • Asahi Infrastructure & Projects Ltd (512535) to be compulsorily delisted from August 27, 2025
  • Company suspended for more than 6 months prior to delisting decision
  • Delisting ordered under SEBI (Delisting of Equity Shares) Regulations, 2021
  • Securities will cease trading on BSE platform
  • Company will be moved to BSE’s Dissemination Board

Regulatory Changes

  • 10-year market access ban for company, whole-time directors, compliance officers, promoters and promoted companies
  • Transfer restrictions on promoter shares (sale, pledge, etc.)
  • Freezing of corporate benefits (dividend, rights, bonus shares) for promoter holdings
  • Promoters and directors barred from becoming directors of listed companies until exit option provided

Compliance Requirements

  • Promoters must purchase public shareholder shares at fair value determined by exchange-appointed independent valuer
  • Exit option must be provided to public shareholders as per Regulation 33(4)
  • Depositories must not effect transfers of promoter/promoter group shares
  • Public notice regarding fair value determination to be issued

Important Dates

  • August 27, 2025: Effective date of compulsory delisting
  • 10 years from delisting: Duration of market access ban for affected parties

Impact Assessment

High Impact: Shareholders lose trading liquidity immediately. Promoters face severe restrictions including 10-year market ban and mandatory buyback obligations at fair value. The delisting sets precedent for suspended companies and reinforces SEBI’s enforcement of listing compliance standards.

Impact Justification

Compulsory delisting affects shareholders with 10-year market access ban for promoters and mandatory exit option requirements