Description
BSE announces suspension of trading in Ramasigns Industries Ltd effective November 14, 2025, due to non-compliance with Regulation 31 of SEBI LODR Regulations for two consecutive quarters (March 2025 & June 2025).
Summary
BSE has issued a 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 suspension follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Promoter shareholdings will be frozen during the suspension period.
Key Points
- Trading in Ramasigns Industries Ltd (Scrip Code: 515127) will be suspended from November 14, 2025
- Non-compliance relates to Regulation 31 (Shareholding Pattern) for March 2025 and June 2025 quarters
- Entire promoter shareholding and all securities in promoter demat accounts will be frozen during suspension
- 30-day notice period provided before suspension becomes effective
- Company can avoid suspension by complying before November 11, 2025
- Post-suspension, trading will be allowed on Trade for Trade basis in Z group only on first trading day of each week for six months
- This begins 15 days after suspension is effected
Regulatory Changes
This circular implements the penal framework established under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which prescribes standardized penal actions for non-compliance with specific provisions of SEBI LODR Regulations, 2015. The circular follows the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities.
Compliance Requirements
For Ramasigns Industries Ltd:
- Must comply with all provisions of SEBI LODR Regulations, 2015 to the satisfaction of BSE on or before November 11, 2025
- Must file overdue Regulation 31 submissions for March 2025 and June 2025 quarters
- Must pay applicable fines
- Must follow prescribed procedure and all extant norms for revocation of suspension if trading is suspended
For Trading Members:
- Must note the suspension effective date of November 14, 2025
- Must be aware that post-suspension, trading will only be permitted on Trade for Trade basis in Z group on first trading day of each week
- Can direct queries to bse.soplodr@bseindia.com
Important Dates
- October 14, 2025: Notice issued
- November 11, 2025: Deadline for company to comply and avoid suspension
- November 14, 2025: Trading suspension becomes effective (30 days from notice)
- 15 days after November 14, 2025: Trade for Trade basis trading commences (first trading day of each week only, for six months)
Impact Assessment
Market Impact:
- Complete suspension of normal trading in Ramasigns Industries Ltd shares from November 14, 2025
- Severely restricted liquidity with only weekly Trade for Trade basis trading after initial 15-day complete suspension
- Likely negative impact on stock price and investor confidence
Investor Impact:
- High impact on existing shareholders who will face severely restricted exit options
- Promoters face complete freezing of their entire shareholding and all demat account securities
- Investors can only trade once per week on Trade for Trade basis after 15-day blackout period
Company Impact:
- Reputational damage from regulatory non-compliance
- Restricted access to capital markets
- Additional financial burden of fines and compliance costs
- Requirement to follow extensive revocation procedures even after achieving compliance
Compliance Framework:
- Demonstrates strict enforcement of shareholding pattern disclosure requirements under Regulation 31
- Establishes clear consequences for consecutive quarter non-compliance
- Reinforces importance of timely regulatory filings
Impact Justification
Trading suspension represents severe action affecting company liquidity and investor access, with promoter shareholding freeze. High impact on existing shareholders and market participants.