Description

BSE announces suspension of trading in Ramasigns Industries Ltd w.e.f. November 14, 2025 for non-compliance with Regulation 31 of SEBI LODR for two consecutive quarters (March 2025 & June 2025).

Summary

BSE has issued notice for suspension of trading in securities of Ramasigns Industries Ltd (Scrip Code: 515127) effective November 14, 2025, due to non-compliance with Regulation 31 (shareholding pattern disclosure) of SEBI LODR Regulations, 2015 for two consecutive quarters - March 2025 and June 2025. The action is taken pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Additionally, the entire shareholding of promoters and all securities in their demat accounts will be frozen during the suspension period.

Key Points

  • Trading suspension will take effect 30 days from notice date: November 14, 2025
  • Non-compliance relates to Regulation 31 (shareholding pattern disclosure) for March 2025 and June 2025 quarters
  • Promoter shareholding freeze: Entire shareholding and all securities in promoter demat accounts will be frozen
  • Company can avoid suspension by complying before November 11, 2025
  • Post-suspension trading conditions: After 15 days of suspension, trading allowed on Trade for Trade basis in Z group only on first trading day of every week for six months
  • Revocation requires compliance with all extant norms and payment of fines

Regulatory Changes

This circular implements the penal framework prescribed under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which establishes Standard Operating Procedures for suspension and revocation of trading for non-compliance with SEBI LODR Regulations.

Compliance Requirements

For Ramasigns Industries Ltd:

  • Must comply with Regulation 31 requirements (file shareholding pattern for March 2025 and June 2025 quarters)
  • Compliance must be to the satisfaction of BSE
  • Must pay applicable fines
  • Must follow revocation procedure including all extant norms

For Trading Members:

  • Note the suspension effective date
  • Understand Trade for Trade restrictions post-suspension
  • Contact bse.soplodr@bseindia.com for clarifications

Important Dates

  • October 14, 2025: Notice issued (Notice No 20251014-29)
  • November 11, 2025: Last date for company to comply and avoid suspension
  • November 14, 2025: Trading suspension effective date (30 days from notice)
  • 15 days after November 14, 2025: Trade for Trade basis trading begins (only first trading day of each week for 6 months)

Impact Assessment

Market Impact:

  • Complete suspension of normal trading affects liquidity and investor exit options
  • Limited Trade for Trade facility (weekly, Z group only) severely restricts trading activity
  • Stock may face significant price pressure due to restricted trading

Company Impact:

  • Promoter shareholding freeze limits management flexibility and financing options
  • Reputational damage from suspension status
  • Compliance costs including fines and administrative burden for revocation

Investor Impact:

  • Existing shareholders face severe liquidity constraints
  • Limited ability to exit positions except on designated weekly trading days
  • Potential price discovery issues under Trade for Trade mechanism
  • Heightened risk perception for the scrip

Impact Justification

Trading suspension significantly impacts liquidity and investor access. Promoter shareholding freeze is a severe penal action affecting company operations and governance.