Description

BSE notifies that the delisting of Noble Polymers Limited (Scrip Code: 539200) has been rescinded by order of the Securities Appellate Tribunal, and the company status will change from 'Delisted' to 'Suspended' effective November 13, 2025.

Summary

BSE has issued a notice regarding the change in status of Noble Polymers Limited (Scrip Code: 539200) following an order from the Hon’ble Securities Appellate Tribunal (SAT). The delisting of the company has been rescinded, and consequently, the company’s status will be changed from “Delisted” to “Suspended” with effect from November 13, 2025. This change means that the provisions of Regulation 24(1) and Regulation 24(2) of the SEBI (Delisting of Equity Shares) Regulations, 2009 will no longer be applicable to the company.

Key Points

  • Noble Polymers Limited (Scrip Code: 539200) delisting has been rescinded by SAT order
  • Company status to change from “Delisted” to “Suspended”
  • SEBI Delisting Regulations 24(1) and 24(2) provisions no longer applicable
  • Notice issued by BSE Listing Compliance Department
  • Category: Company related, Segment: Currency Derivatives

Regulatory Changes

Following the Securities Appellate Tribunal’s order:

  • The delisting of Noble Polymers Limited stands rescinded
  • Regulation 24(1) and Regulation 24(2) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 are no longer applicable to the company
  • Company transitions from delisted status to suspended status under BSE regulations

Compliance Requirements

  • BSE will change the company status in its systems from “Delisted” to “Suspended”
  • The company will be subject to regulations applicable to suspended companies rather than delisted entities
  • Shareholders and market participants should note the change in company status for any future transactions or corporate actions

Important Dates

  • Notice Date: November 11, 2025
  • Effective Date of Status Change: November 13, 2025

Impact Assessment

Market Impact: Limited to shareholders and stakeholders of Noble Polymers Limited. The change from delisted to suspended status provides a potential path for the company to eventually resume trading, subject to compliance with listing requirements.

Investor Impact: Existing shareholders may have renewed hope for liquidity as the company is no longer permanently delisted. However, the suspended status still restricts trading until further regulatory actions are completed.

Legal Impact: The SAT order overturns the previous delisting decision, indicating successful legal recourse by the company or affected parties. This sets a precedent for similar cases where delisting decisions may be challenged through appellate mechanisms.

Impact Justification

Significant development for shareholders of Noble Polymers Limited as delisting is rescinded and company moves to suspended status, though impact is limited to single company with restricted trading