Description
Trading in equity shares of Richa Industries Limited (Scrip Code-532766) suspended effective November 04, 2025, following NCLT Chandigarh's order for liquidation proceedings.
Summary
BSE has announced the suspension of trading in equity shares of Richa Industries Limited (Scrip Code-532766) effective November 04, 2025. This action follows an order by the National Company Law Tribunal (NCLT), Chandigarh Bench, commencing liquidation proceedings for the company and appointing Mr. Mohit Chawla as Liquidator.
Key Points
- Trading in Richa Industries Limited (Scrip Code-532766) will be suspended
- Suspension effective from Tuesday, November 04, 2025
- NCLT Chandigarh Bench has ordered commencement of liquidation process
- Mr. Mohit Chawla appointed as Liquidator
- Trading Members advised to take note of this development
Regulatory Changes
The NCLT Chandigarh Bench has ordered the commencement of liquidation proceedings for Richa Industries Limited, representing a judicial intervention under the Insolvency and Bankruptcy Code. This triggers automatic trading suspension under exchange regulations governing companies under liquidation.
Compliance Requirements
- Trading Members must cease all trading activities in Richa Industries Limited shares from November 04, 2025
- No buy or sell orders will be accepted for Scrip Code-532766
- Market participants holding positions should note that no further trading will be possible through the exchange platform
Important Dates
- Notice Date: November 03, 2025
- Trading Suspension Effective Date: November 04, 2025 (Tuesday)
Impact Assessment
Market Impact: Complete halt of trading activity eliminates price discovery and liquidity for existing shareholders. This represents the most severe trading restriction possible on an exchange-listed security.
Investor Impact: Shareholders will be unable to exit positions through the exchange. Their rights and potential recoveries will now be determined through the liquidation process under the supervision of the appointed Liquidator and NCLT.
Operational Impact: Trading Members must update their systems to block any orders for this scrip code. The company transitions from normal corporate operations to liquidation proceedings, fundamentally altering its legal and operational status.
Impact Justification
Complete trading suspension due to court-ordered liquidation proceedings represents severe action with total impact on stock tradability and shareholder liquidity.