Description

BSE prohibits trading in Polo Hotels Limited (526687) effective January 27, 2026, due to non-response to show cause notices and non-existence at registered office address.

Summary

BSE has prohibited trading in the securities of Polo Hotels Limited (Scrip Code: 526687) effective from Tuesday, January 27, 2026. This interim measure follows the company’s failure to respond to show cause notices and its non-existence at the registered office address during exchange site visits.

Key Points

  • Polo Hotels Limited (526687) failed to provide any response to BSE show cause notices
  • Company found to be non-existent at its registered office address during BSE site visits
  • Trading in all securities of the company will be prohibited/suspended
  • Suspension is an interim measure pending further action
  • Trading members and investors advised to take note

Regulatory Changes

No regulatory framework changes. This is an enforcement action under existing BSE listing compliance regulations for companies that fail to maintain proper communication and registered office requirements.

Compliance Requirements

  • Trading members must not execute any trades in Polo Hotels Limited securities from January 27, 2026
  • Investors holding positions in this security should be aware that trading will not be possible during the suspension period
  • The company must respond to show cause notices and establish verifiable presence at registered office to potentially lift the suspension

Important Dates

  • Notice Date: January 23, 2026
  • Effective Date: January 27, 2026 (Tuesday) - Trading prohibition begins

Impact Assessment

Market Impact: High - Complete halt in trading activity eliminates liquidity for existing shareholders. Investors cannot exit positions through the exchange.

Investor Impact: Severe - Shareholders unable to trade their holdings; potential signal of serious corporate governance issues or company insolvency.

Compliance Impact: Indicates serious lapses in basic listing obligations including maintenance of registered office and communication with the exchange. May lead to delisting proceedings if issues remain unresolved.

Impact Justification

Complete trading prohibition due to company non-existence at registered address affects all shareholders and trading activity