Description

BSE announces suspension of trading in Ramasigns Industries Ltd effective November 14, 2025 for 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 can be avoided if the company complies by November 11, 2025. Additionally, all promoter shareholdings will be frozen during the suspension period.

Key Points

  • Trading suspension will commence on November 14, 2025 (30 days from notice date)
  • Non-compliance relates to Regulation 31 of SEBI LODR 2015 for Q4 FY2025 (March 2025) and Q1 FY2026 (June 2025)
  • Entire promoter shareholding and all securities in promoter demat accounts will be frozen during suspension
  • Suspension can be avoided if company complies by November 11, 2025
  • After suspension, if non-compliance continues, trade-for-trade in Z group will be allowed only on first trading day of each week for six months (starting 15 days after suspension)
  • Notice issued pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Regulatory Changes

No new regulatory changes. This notice enforces existing penal provisions under SEBI Master Circular dated November 11, 2024 regarding the Standard Operating Procedure for suspension and revocation of trading for non-compliance with SEBI LODR Regulations 2015.

Compliance Requirements

For Ramasigns Industries Ltd:

  • Must comply with Regulation 31 (file shareholding pattern) for March 2025 and June 2025 quarters
  • Must satisfy BSE requirements on or before November 11, 2025 to avoid suspension
  • Must pay applicable fines
  • Must follow prescribed revocation procedure and comply with all extant norms for lifting suspension

For Trading Members:

  • Note the suspension effective date and compliance deadline
  • Aware of potential trade-for-trade restrictions in Z group
  • Contact bse.soplodr@bseindia.com for clarifications

Important Dates

  • October 14, 2025: Notice issued
  • November 11, 2025: Last date for company to comply and avoid suspension
  • November 14, 2025: Trading suspension becomes effective (if non-compliant)
  • November 29, 2025 onwards: Trade-for-trade basis on first trading day of every week for 6 months (15 days after suspension, if applicable)

Impact Assessment

High Impact on Company and Shareholders:

  • Complete trading suspension prevents all buy/sell transactions affecting liquidity
  • Promoter holdings frozen, preventing any sale or pledge of shares
  • After 15 days of suspension, severely restricted trading (once per week, trade-for-trade only)
  • Z group classification indicates highest risk category
  • Negative market perception and potential price impact
  • Shareholders unable to exit positions during suspension period
  • Company faces reputational damage and potential delisting risk if non-compliance continues

Broader Market Impact:

  • Low broader market impact as Ramasigns Industries is a single small-cap company
  • Reinforces SEBI’s strict enforcement of disclosure requirements
  • Serves as warning to other non-compliant listed entities

Impact Justification

Trading suspension represents severe penalty affecting all shareholders with promoter holdings frozen and potential trade-for-trade restrictions