Description

BSE to suspend trading in Benara Bearings and Pistons Ltd from January 30, 2026 for failure to file annual reports for FY 2024 and FY 2025, with promoter shareholding to be frozen.

Summary

BSE has issued a notice for suspension of trading in securities of Benara Bearings and Pistons Ltd (Scrip Code: 541178) effective January 30, 2026, due to non-compliance with Regulation 34 of SEBI LODR Regulations 2015 for two consecutive financial years (March 2024 and March 2025). The suspension follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All promoter shareholdings and securities in their demat accounts will be frozen during the suspension period.

Key Points

  • Benara Bearings and Pistons Ltd (Scrip Code: 541178) to face trading suspension from January 30, 2026
  • Non-compliance relates to Regulation 34 (annual report filing) for FY 2024 and FY 2025
  • Entire promoter shareholding and all securities in promoter demat accounts will be frozen during suspension
  • Company can avoid suspension by complying with all LODR provisions by January 27, 2026
  • After 15 days of suspension, trade-for-trade basis trading allowed in Z group only on first trading day of each week for six months
  • Revocation requires compliance with all prescribed procedures and payment of fines

Regulatory Changes

This action is pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which prescribes penal actions for non-compliance with certain provisions of SEBI LODR Regulations 2015 and establishes Standard Operating Procedure for suspension and revocation of trading.

Compliance Requirements

For Benara Bearings and Pistons Ltd:

  • Must comply with all provisions of SEBI LODR Regulations 2015 to satisfaction of BSE by January 27, 2026 to avoid suspension
  • Must file pending annual reports for FY 2024 and FY 2025 under Regulation 34
  • Must pay applicable fines before revocation of suspension
  • Must follow prescribed revocation procedure and comply with all extant norms

For Market Participants:

  • Note that trading will be suspended from January 30, 2026 if company fails to comply
  • Post-suspension, limited trading only on trade-for-trade basis in Z group on first trading day of each week
  • Contact bse.soplodr@bseindia.com for clarifications

Important Dates

  • December 30, 2025: Notice issued
  • January 27, 2026: Last date for company to comply and avoid suspension
  • January 30, 2026: Effective date of trading suspension (if non-compliance continues)
  • 15 days after January 30, 2026: Trade-for-trade basis trading begins (first trading day of each week only for six months)

Impact Assessment

Market Impact:

  • Complete halt in normal trading for Benara Bearings and Pistons Ltd shareholders
  • Severe liquidity constraints with trade-for-trade mechanism limiting exit opportunities
  • Limited trading window (one day per week) significantly restricts market access

Investor Impact:

  • Existing shareholders face inability to exit positions during suspension period
  • Promoter shareholding completely frozen, preventing any transactions
  • Price discovery mechanism severely impaired due to restricted trading
  • Six-month restricted trading period creates prolonged uncertainty

Company Impact:

  • Reputational damage from regulatory non-compliance
  • Capital raising capabilities completely restricted
  • Additional financial burden from fines and penalties
  • Complex revocation process requiring full compliance and procedural adherence

Impact Justification

Complete trading suspension with promoter shareholding freeze for non-compliance with critical disclosure requirements affects all existing shareholders and market participants