Description

BSE prohibits trading in Quasar India Ltd (Scrip Code: 538452) effective December 3, 2025, due to non-response to show cause notice and non-existence at registered office address.

Summary

BSE has prohibited and suspended trading in the securities of Quasar India Ltd (Scrip Code: 538452) effective December 3, 2025. The action follows the company’s failure to respond to a show cause notice and findings that the company is non-existent at its registered office address during an exchange site visit.

Key Points

  • Company failed to provide any response to BSE’s show cause notice
  • Exchange conducted site visit and found company non-existent at registered office address
  • Trading prohibition/suspension implemented as interim measure
  • Action applies to all securities of Quasar India Ltd
  • Scrip Code: 538452

Regulatory Changes

No new regulatory framework changes. This is an enforcement action under existing compliance requirements for listed companies to maintain valid registered office and respond to exchange communications.

Compliance Requirements

  • Trading members must cease all trading activities in Quasar India Ltd securities
  • Investors cannot buy or sell shares of Quasar India Ltd on BSE platform
  • Trading members should inform their clients holding positions in this scrip

Important Dates

  • Notice Date: December 2, 2025
  • Trading Suspension Effective Date: December 3, 2025

Impact Assessment

Market Impact: Existing shareholders of Quasar India Ltd will be unable to liquidate their positions through BSE. The scrip will have zero liquidity on the exchange.

Investor Impact: High - Current investors face complete loss of trading ability. The non-existence at registered office raises serious concerns about company operations and asset recovery.

Compliance Signal: This action serves as a strong warning about the consequences of non-compliance with basic listing requirements including maintaining valid registered office and responding to exchange communications.

Impact Justification

Complete trading prohibition on a listed company due to non-existence at registered office and failure to respond to show cause notice. High severity for existing shareholders who cannot trade their holdings.