Description

BSE suspends trading in Globe Commercials, Pressure Sensitive Systems India, and Suumaya Corporation from September 26, 2025 for non-compliance with quarterly result filing requirements.

Summary

BSE will suspend trading in securities of three companies - Globe Commercials Ltd, Pressure Sensitive Systems India Ltd, and Suumaya Corporation Ltd - effective September 26, 2025, due to non-compliance with SEBI LODR Regulation 33 regarding quarterly financial results filing. The suspension can be avoided if companies comply by September 23, 2025.

Key Points

  • Trading suspension effective September 26, 2025 for three companies
  • Non-compliance with Regulation 33 for two consecutive quarters (December 2024 & March 2025)
  • Suumaya Corporation also non-compliant for half-year ended September 2024 & March 2025
  • Promoter shareholding will be frozen during suspension period
  • Companies can avoid suspension by complying before September 23, 2025
  • Post-suspension trading allowed only on Trade for Trade basis in Z group on first trading day of each week

Regulatory Changes

Implementation of SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 regarding penal actions for non-compliance with SEBI LODR Regulations, 2015.

Compliance Requirements

  • Companies must file quarterly financial results as per Regulation 33 of SEBI LODR
  • Complete compliance with all SEBI LODR provisions required for revocation
  • Payment of applicable fines mandatory for lifting suspension
  • Follow prescribed procedure for revocation of suspension

Important Dates

  • August 26, 2025: Notice issued (30-day advance notice)
  • September 23, 2025: Last date for compliance to avoid suspension
  • September 26, 2025: Trading suspension becomes effective
  • 15 days post-suspension: Limited trading begins on Trade for Trade basis
  • 6 months: Duration of weekly Trade for Trade arrangement

Impact Assessment

Market Impact: High - Complete trading suspension affects liquidity and investor access. Investor Impact: Severe - Existing shareholders face restricted exit options with only weekly limited trading post-suspension. Company Impact: Critical - Loss of market access, potential delisting risk, and reputational damage. The freezing of promoter holdings adds additional pressure for compliance.

Impact Justification

Complete trading suspension affects shareholders and market access for three companies