Description

BSE announces suspension of trading in Vasudhagama Enterprises Ltd effective December 1, 2025 due to non-compliance with quarterly financial reporting requirements for March 2025 and June 2025 quarters.

Summary

BSE has issued a notice for suspension of trading in securities of Vasudhagama Enterprises Ltd (Scrip Code: 539291) effective December 1, 2025, due to non-compliance with Regulation 27(2) of SEBI LODR Regulations 2015 for two consecutive quarters (March 2025 and June 2025). The suspension will be accompanied by freezing of entire promoter shareholding and all securities in promoter demat accounts. The company has until November 26, 2025 to comply and avoid suspension.

Key Points

  • Trading suspension effective from December 1, 2025 for Vasudhagama Enterprises Ltd (Scrip Code: 539291)
  • Non-compliance with Regulation 27(2) of SEBI LODR Regulations 2015 for March 2025 and June 2025 quarters
  • Entire promoter shareholding and all promoter demat account securities will be frozen during suspension period
  • Compliance deadline: November 26, 2025 to avoid suspension
  • Post-suspension, limited trading allowed on Trade for Trade basis in Z group only on first trading day of each week for six months
  • This action is pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Regulatory Changes

No new regulatory changes introduced. This circular implements existing penal framework under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 for non-compliance with SEBI LODR Regulations 2015.

Compliance Requirements

For Vasudhagama Enterprises Ltd:

  • Must comply with Regulation 27(2) of SEBI LODR Regulations 2015 (quarterly financial reporting requirements)
  • Must satisfy BSE compliance requirements on or before November 26, 2025
  • Must pay applicable fines
  • Must follow prescribed procedure for revocation of suspension if trading is suspended

For Market Participants:

  • Note the trading restrictions and plan transactions accordingly
  • Be aware of promoter shareholding freeze provisions

Important Dates

  • October 29, 2025: Notice issued
  • November 26, 2025: Final compliance deadline to avoid suspension
  • December 1, 2025: Trading suspension effective date (30 days from notice)
  • 15 days after suspension: Limited Trade for Trade trading begins (first trading day of each week for six months, Z group only)

Impact Assessment

Company Impact:

  • Complete halt of normal trading activity affecting liquidity
  • Promoter shareholding freeze restricts promoter flexibility
  • Reputational damage and investor confidence issues
  • Potential delisting risk if non-compliance continues

Investor Impact:

  • Severe liquidity constraints for existing shareholders
  • Limited exit opportunities through weekly Trade for Trade sessions only
  • Price discovery mechanism severely impaired
  • Increased risk for current investors

Market Impact:

  • Demonstrates BSE’s enforcement of SEBI LODR compliance
  • Serves as deterrent for other listed entities
  • Minimal broader market impact due to single small-cap company involved

Contact: For clarifications, email bse.soplodr@bseindia.com

Impact Justification

Trading suspension is a severe penal action affecting investor liquidity and promoter shareholding, with direct operational impact on the affected company and its shareholders.