Description
BSE to suspend trading in securities of three companies for non-compliance with quarterly financial results disclosure requirements.
Summary
BSE has issued notice for suspension of 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 disclosure.
Key Points
- Trading suspension effective September 26, 2025 (30 days notice period)
- Non-compliance with Regulation 33 for two consecutive quarters (December 2024 & March 2025)
- Promoter shareholding and demat accounts to be frozen during suspension period
- Companies can avoid suspension by complying before September 23, 2025
- Post-suspension trading allowed on Trade for Trade basis in Z group only on first trading day of each week
Regulatory Changes
Implementation of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 regarding penal actions for LODR non-compliance.
Compliance Requirements
- Companies must comply with all SEBI LODR provisions by September 23, 2025
- Payment of prescribed fines required for revocation
- Compliance with revocation procedure and extant norms
- Submission of quarterly financial results as per Regulation 33
Important Dates
- Notice Date: August 26, 2025
- Last Date for Compliance: September 23, 2025
- Suspension Effective Date: September 26, 2025
- Trade for Trade Trading: Starts 15 days after suspension (first trading day of each week for 6 months)
Impact Assessment
Affected Companies:
- Globe Commercials Ltd (Scrip Code: 540266)
- Pressure Sensitive Systems India Ltd (Scrip Code: 526773)
- Suumaya Corporation Ltd (Scrip Code: 543274)
Market Impact:
- Complete halt in normal trading activities
- Frozen promoter holdings affecting corporate governance
- Limited liquidity through weekly Trade for Trade sessions
- Potential delisting risk if compliance not achieved
- Investor exit challenges due to restricted trading windows
Impact Justification
Complete trading suspension affects investor liquidity and company operations significantly