Description

Trading in securities of Quasar India Ltd (Scrip Code: 538452) prohibited/suspended from December 3, 2025 due to non-response to show cause notice and non-existence at registered office.

Summary

BSE has prohibited/suspended trading in the securities of Quasar India Ltd (Scrip Code: 538452) with effect from December 3, 2025. This action is taken as an interim measure after the company failed to respond to a show cause notice and was found to be non-existent at its registered office address during an exchange site visit.

Key Points

  • Company: Quasar India Ltd (Scrip Code: 538452)
  • Action: Trading prohibition/suspension
  • Reason: Non-response to show cause notice and non-existence at registered office
  • Verification: Exchange conducted site visit confirming company’s absence
  • Nature: Interim measure pending further investigation

Regulatory Changes

No new regulatory framework changes. This circular implements existing enforcement provisions under BSE listing regulations for companies that fail to maintain communication and presence at their registered office.

Compliance Requirements

  • Trading members must cease all trading activities in Quasar India Ltd securities from December 3, 2025
  • Investors are advised to take note of the suspension and cannot execute fresh trades in this security
  • Company must respond to exchange notices and establish verifiable presence at registered office to potentially lift suspension

Important Dates

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

Impact Assessment

Market Impact: High - Complete halt in trading means existing investors cannot liquidate positions or new investors cannot enter. This creates liquidity freeze for shareholders.

Investor Impact: Severe for existing shareholders who are now locked into their positions until suspension is lifted. The non-existence at registered office raises serious concerns about company operations and investor protection.

Operational Impact: Trading members must update their systems to block trades in scrip code 538452. This suspension may remain in effect indefinitely until the company addresses the compliance failures.

Impact Justification

Complete trading suspension of a listed company due to non-existence at registered office and non-compliance with exchange notices, directly impacting investors holding the security.