Description

Rajvir Industries Ltd to be transferred to 'Z' group effective January 09, 2026 due to non-compliance with SEBI LODR Regulations 27(2) for two consecutive quarters.

Summary

BSE has announced that Rajvir Industries Ltd (Scrip Code: 532665) will be transferred to the ‘Z’ group effective January 09, 2026, due to non-compliance with Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters (June 2025 and September 2025). The company is already in the ‘Z’ group. Trades in this scrip will be settled on a Trade for Trade basis.

Key Points

  • Rajvir Industries Ltd (Scrip Code: 532665) to be transferred to ‘Z’ group
  • Non-compliance relates to Regulation 27(2) of SEBI LODR Regulations, 2015
  • Non-compliance occurred for two consecutive quarters: June 2025 and September 2025
  • Company is already in the ‘Z’ group
  • All trades will be settled on Trade for Trade (T4T) basis
  • Action taken pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Regulatory Changes

This action is taken under the penal framework prescribed by SEBI for non-compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically following the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities as per SEBI Master Circular dated November 11, 2024.

Compliance Requirements

For the Company:

  • Must comply with Regulation 27(2) of SEBI LODR Regulations, 2015 to be removed from ‘Z’ group
  • Regulation 27(2) pertains to quarterly compliance reports on corporate governance

For Market Participants:

  • All trades in Rajvir Industries Ltd must be executed on Trade for Trade basis
  • No intraday trading permitted
  • Compulsory delivery settlement for all transactions

Important Dates

  • Circular Date: December 29, 2025
  • Effective Date: January 09, 2026
  • Non-compliance Quarters: June 2025 and September 2025

Impact Assessment

Trading Impact:

  • Severe liquidity constraints due to Trade for Trade settlement
  • No intraday speculation possible
  • Increased settlement risk and margin requirements
  • Reduced investor interest and participation

Investor Impact:

  • Compulsory delivery for all purchases
  • Cannot square off positions intraday
  • Higher capital requirements for trading
  • Potential difficulty in exiting positions

Company Impact:

  • Reputational damage due to continued non-compliance
  • Reduced market capitalization due to lower liquidity
  • Investor confidence erosion
  • Need to urgently address compliance gaps

Market Significance: The continued placement in ‘Z’ group signals persistent governance issues and failure to meet basic regulatory requirements for two consecutive quarters, warranting heightened caution from investors.

Impact Justification

Stock shifted to Z group with trade-for-trade settlement due to regulatory non-compliance, significantly impacting liquidity and trading for investors