Description

BSE suspends trading in Globe Commercials Ltd, Pressure Sensitive Systems India Ltd, and Suumaya Corporation Ltd effective September 26, 2025 for non-compliance with quarterly financial disclosure requirements.

Summary

BSE will suspend trading in three companies - Globe Commercials Ltd (540266), Pressure Sensitive Systems India Ltd (526773), and Suumaya Corporation Ltd (543274) - effective September 26, 2025, due to non-compliance with SEBI’s quarterly financial disclosure requirements under Regulation 33 of LODR 2015.

Key Points

  • Trading suspension effective September 26, 2025 (30 days from notice date)
  • 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
  • Complete freezing of promoter shareholding and all securities in promoter demat accounts during suspension
  • Trade-for-trade basis allowed in Z group only on first trading day of each week after 15 days of suspension

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 comply with all SEBI LODR provisions by September 23, 2025 to avoid suspension
  • Payment of prescribed fines required for revocation
  • Must follow prescribed procedure and extant norms for suspension revocation
  • Ongoing compliance with quarterly financial disclosure requirements under Regulation 33

Important Dates

  • August 26, 2025: Notice issued
  • September 23, 2025: Final compliance deadline to avoid suspension
  • September 26, 2025: Trading suspension effective date
  • 15 days post-suspension: Trade-for-trade basis commences (first trading day of each week for 6 months)

Impact Assessment

Market Impact: Complete loss of liquidity for affected securities, potential price volatility upon resumption. Operational Impact: Promoter shareholding freeze restricts corporate actions and governance activities. Investor Impact: Limited trading opportunities with trade-for-trade restrictions affecting investment strategies. Companies face reputational damage and increased compliance costs for revocation.

Impact Justification

Complete trading suspension affects investor liquidity and promoter shareholding freeze has significant operational impact