Description

BSE cancels suspension of trading for Dharan Infra-EPC Ltd and Northlink Fiscal and Capital Services Ltd effective December 15, 2025, following compliance with SEBI LODR Regulations.

Summary

BSE has issued a notice canceling the suspension of trading for two companies that were previously suspended for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The companies - Dharan Infra-EPC Ltd and Northlink Fiscal and Capital Services Ltd - will resume trading effective December 15, 2025. This notice is issued in continuation of Exchange Notice No. 20251112-40 dated November 12, 2025.

Key Points

  • Two companies will have their trading suspension canceled
  • Dharan Infra-EPC Ltd (Scrip Code: 541161)
  • Northlink Fiscal and Capital Services Ltd (Scrip Code: 539110)
  • Action taken in continuation of earlier notice dated November 12, 2025
  • All other provisions of the original notice remain unchanged
  • Applies to equity segment

Regulatory Changes

No new regulatory changes introduced. This circular represents the reversal of previously imposed trading suspensions after companies achieved compliance with SEBI LODR Regulations, 2015.

Compliance Requirements

  • Market participants should note that the two companies listed will no longer be under trading suspension
  • Normal trading operations can resume for these securities from the effective date
  • All other compliance requirements from the original notice (20251112-40) continue to apply
  • For clarifications, market participants can contact BSE at bse.soplodr@bseindia.com

Important Dates

  • Notice Date: December 11, 2025
  • Effective Date: December 15, 2025 - Trading suspension cancellation becomes effective
  • Reference Notice: November 12, 2025 (Notice No. 20251112-40)

Impact Assessment

Positive Market Impact: The cancellation of trading suspension allows shareholders of both companies to resume trading their securities, restoring liquidity and market access. This demonstrates that both companies have rectified their compliance deficiencies under SEBI LODR Regulations. The medium impact rating reflects that while this is significant for affected shareholders and the companies involved, it involves only two entities with specific scrip codes and does not represent a broader market-wide change. Investors in these securities can now execute buy/sell orders starting December 15, 2025.

Impact Justification

Positive development allowing resumption of trading for two companies after compliance rectification, restoring market access for affected securities