Description

BSE notifies trading members to cease dealings in partly paid equity shares of Suraj Industries Limited from January 27, 2026, due to record date fixation for first call payment on rights shares.

Summary

BSE has issued a notice (No. 20260122-3) directing trading members to cease all dealings in the partly paid equity shares of Suraj Industries Limited (Scrip Code 890226) effective January 27, 2026. This action is due to the company fixing a record date to identify shareholders eligible to receive call notices for the first call payment on rights equity shares.

Key Points

  • Trading in partly paid equity shares of Suraj Industries Limited must stop from January 27, 2026
  • Record date set for January 27, 2026 (Settlement No. DR-806/2025-2026)
  • First call amount: Rs. 10 per share (Rs. 2.50 face value + Rs. 7.50 securities premium)
  • Purpose: Ascertain shareholders of partly paid equity shares eligible for first call payment
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action notification for record date fixation related to partly paid shares.

Compliance Requirements

  • Trading members must immediately cease all dealings in partly paid equity shares of Suraj Industries Limited (Scrip Code 890226) from January 27, 2026
  • Trading members are required to take note of this restriction and ensure compliance
  • Only shareholders holding partly paid equity shares as of the record date will be eligible to receive call notices

Important Dates

  • Notice Date: January 22, 2026
  • Record Date: January 27, 2026
  • No Dealings From Date: January 27, 2026
  • Settlement Number: DR-806/2025-2026

Impact Assessment

Market Impact: Medium - Limited to specific scrip (890226) and only affects partly paid equity shares. Regular equity shares trading remains unaffected.

Operational Impact: Trading members holding or dealing in partly paid shares of Suraj Industries Limited must halt all transactions from the specified date. Shareholders holding partly paid shares as of record date will receive call notices requiring payment of Rs. 10 per share to convert to fully paid shares.

Investor Impact: Shareholders of partly paid equity shares must prepare for the first call payment obligation. Those not holding shares by the record date will not receive call notices.

Impact Justification

Affects trading in partly paid shares of a specific company. Medium impact due to trading restriction from record date, relevant only to shareholders of Suraj Industries Limited holding partly paid equity shares.