Description

BSE suspends trading in Quasar India Ltd effective December 3, 2025 due to company being non-existent at registered office and unresponsive to show cause notice.

Summary

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

Key Points

  • Trading in Quasar India Ltd securities suspended from December 3, 2025
  • Company did not respond to show cause notice issued by BSE
  • Site visit by BSE confirmed company is non-existent at registered office address
  • Scrip Code: 538452
  • Suspension is an interim measure pending further action
  • All trading members and investors are advised to take note

Regulatory Changes

No new regulatory framework changes. This circular implements existing regulatory powers to suspend trading when a company is non-compliant and non-existent at its registered address.

Compliance Requirements

  • Trading members must cease all trading activities in Quasar India Ltd securities from December 3, 2025
  • Investors holding positions in this security should be aware that trading will not be possible
  • Trading members should update their systems to reflect the trading prohibition

Important Dates

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

Impact Assessment

Market Impact: High - Complete halt in trading activity for Quasar India Ltd securities affects all existing investors and position holders.

Investor Impact: High - Investors holding shares cannot exit positions through market transactions during the suspension period. Liquidity is completely frozen.

Operational Impact: Trading members must immediately update systems and notify clients holding positions in this security about the trading prohibition.

Regulatory Significance: This action demonstrates BSE’s enforcement of compliance requirements and physical verification standards for listed companies. The company’s non-existence at its registered address and failure to respond to regulatory notices represents serious compliance breaches that warrant immediate trading suspension to protect market integrity.

Impact Justification

Complete trading suspension due to company non-existence at registered address and failure to respond to regulatory notices, preventing all trading activity in the security.