Description

BSE revokes the suspension in trading of equity shares of Sidh Automobiles Limited (Scrip Code: 539983, ISIN: INE403101015), allowing trading to resume.

Summary

BSE has revoked the suspension in trading of equity shares of Sidh Automobiles Limited (Scrip Code: 539983). The company is a Non-Deposit Accepting Non-Banking Finance Company registered in Delhi. The circular includes the updated company profile with details of directors, registered address, and recent changes including appointment of new statutory auditors.

Key Points

  • Company Name: Sidh Automobiles Limited
  • Scrip Code: 539983
  • ISIN: INE403101015
  • CIN: L34102DL1985PLC020156
  • Nature of Business: Non-Deposit Accepting Non-Banking Finance Company
  • Registered Address: R-13, S/F Greater Kailash-1, New Delhi, Delhi, 110048
  • Managing Director & Chairman: Anil Sharma (Mobile: 7983095950)
  • Company Secretary & Compliance Officer: Srishty Bansal
  • Operational Status: Active
  • Listed on: Bombay Stock Exchange (BSE)
  • Listing Fees: Paid to all exchanges

Board of Directors

  • Anil Sharma (Managing Director & Chairman): 7983095950
  • Harvinder Singh: 9871176644
  • Rinku Saini: 9953849472
  • Nilesh Harkesh Yadav: 8928039945
  • Jubin Premji Gada: 9920965447

Recent Corporate Changes

Auditor Change: The company appointed M/s. B. M. Gattani & Co. (FRN: 13536W) as new Statutory Auditors to fill the casual vacancy created by the resignation of previous auditors M/s. Sumit Ranka & Associates (FRN: 147837W).

Business History: No significant change in the primary line of business during the last five years. No name change in the last five years.

Compliance Status

  • No action taken against the company by any other exchange in the last five years
  • Group Companies: Not Applicable
  • Listing fees paid to BSE

Impact Assessment

Trading Impact: The revocation of suspension allows normal trading to resume in the equity shares of Sidh Automobiles Limited. Shareholders can now buy and sell shares on the BSE platform.

Market Significance: This is a positive development for existing shareholders who were unable to trade during the suspension period. The resumption indicates the company has met BSE’s requirements for lifting the trading suspension.

Investor Considerations: Investors should review the company’s financial statements and recent developments, particularly the auditor change, before making investment decisions.

Impact Justification

Revocation of trading suspension for a specific company affects its shareholders and trading activity, but limited to single scrip with relatively smaller market presence