Description
BSE cancels trading suspension for two companies that have rectified non-compliances with SEBI LODR Regulations, effective December 15, 2025.
Summary
BSE has issued a notice cancelling the trading suspension for two companies - Dharan Infra-EPC Ltd (Scrip Code: 541161) and Northlink Fiscal and Capital Services Ltd (Scrip Code: 539110) - effective December 15, 2025. This follows the companies’ compliance with provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, after being previously suspended via Exchange Notice No. 20251112-40 dated November 12, 2025.
Key Points
- Two companies will have their trading suspension cancelled effective December 15, 2025
- Dharan Infra-EPC Ltd (Scrip Code: 541161)
- Northlink Fiscal and Capital Services Ltd (Scrip Code: 539110)
- Suspension was originally imposed for non-compliance with SEBI LODR Regulations
- Companies have now rectified their non-compliances
- All other provisions of the original suspension notice (20251112-40 dated November 12, 2025) remain unchanged for other suspended entities
Regulatory Changes
No new regulatory changes introduced. This circular represents enforcement action reversal following compliance rectification.
Compliance Requirements
- Market participants should note that normal trading will resume for these two securities from December 15, 2025
- No specific action required from market participants beyond awareness of trading resumption
- Companies have already fulfilled their compliance obligations to qualify for suspension cancellation
Important Dates
- Notice Date: December 11, 2025
- Effective Date: December 15, 2025 (trading suspension cancellation becomes effective)
- Reference Notice: November 12, 2025 (original suspension notice)
Impact Assessment
Positive Impact for Affected Companies: Resumption of trading allows shareholders to trade their holdings and restores market liquidity for these securities.
Limited Broader Market Impact: This affects only two specific scrips with relatively small market presence. The cancellation demonstrates the exchange’s compliance monitoring effectiveness and provides incentive for other suspended companies to rectify their non-compliances.
Investor Consideration: Investors should review the companies’ compliance history and fundamental health before trading, as the suspension cancellation only indicates regulatory compliance restoration, not necessarily improved business performance.
Impact Justification
Positive development for two specific companies and their shareholders as trading suspension is lifted after compliance rectification. Limited broader market impact.