Description

BSE discontinues weekly trading facility for Longview Tea Company Ltd and Seacoast Shipping Services Ltd effective December 30, 2025, after completing the mandated six-month period of trade-for-trade trading in Z group.

Summary

BSE has announced the discontinuation of weekly trading facility for securities of Longview Tea Company Ltd (Scrip Code: 526568) and Seacoast Shipping Services Ltd (Scrip Code: 542753) effective December 30, 2025. These companies were previously allowed to trade on a Trade for Trade basis in Z group on the first trading day of every week following suspension for non-compliance with SEBI LODR Regulations. The six-month mandated period has now been completed.

Key Points

  • Weekly trading facility to be discontinued for two companies: Longview Tea Company Ltd and Seacoast Shipping Services Ltd
  • Companies were suspended for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Previously allowed Trade for Trade basis trading in Z group on first trading day of every week
  • Six-month mandated period has been completed
  • Discontinuation effective from December 30, 2025
  • Based on SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Regulatory Changes

This circular implements the final stage of the Standard Operating Procedure (SOP) for suspension and revocation of equity shares as per SEBI Master Circular dated November 11, 2024, Chapter-VII(A) on Penal Actions for Non-Compliance. After the completion of six months of limited trading facility, the weekly trading window is being completely discontinued.

Compliance Requirements

Market participants should note:

  • No further trading will be permitted in these securities after December 30, 2025
  • Previous arrangement of weekly Trade for Trade trading in Z group will cease
  • For clarifications, market participants can write to bse.soplodr@bseindia.com

Important Dates

  • Reference Notice Date: May 07, 2025 (Exchange Notice No. 20250507-16)
  • Circular Issue Date: December 12, 2025
  • Discontinuation Effective Date: December 30, 2025
  • Six-Month Period: Completed as per regulatory mandate

Impact Assessment

Market Impact: High impact on shareholders of the two affected companies as all trading facilities will be discontinued. Investors holding these securities will have no trading avenue on the exchange after December 30, 2025.

Affected Entities:

  1. Longview Tea Company Ltd (Scrip Code: 526568)
  2. Seacoast Shipping Services Ltd (Scrip Code: 542753)

Investor Implications: Existing shareholders will not be able to trade these securities on BSE after the effective date. This represents the final stage of penal action for continued non-compliance with listing regulations.

Regulatory Context: This action follows the established SOP for dealing with non-compliant listed entities and demonstrates the enforcement mechanism for SEBI LODR Regulations compliance.

Impact Justification

High impact for affected securities as trading facility will be completely discontinued after six-month period. Medium importance as it affects only two specific companies and follows established regulatory procedure.