Description

BSE suspends 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 announced the prohibition and suspension of trading in 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 confirmed non-existence at the registered office address during site visits conducted by the Exchange.

Key Points

  • Trading in Polo Hotels Limited (526687) is prohibited/suspended as an interim measure
  • Company has not responded to show cause notices issued by BSE
  • Site visits by the Exchange confirmed the company is non-existent at its registered office address
  • Suspension applies to all securities of Polo Hotels Limited in the equity segment
  • Trading members and investors are advised to take note of this suspension

Regulatory Changes

No new regulatory changes introduced. This circular implements existing enforcement provisions for non-compliant companies that cannot be located at their registered addresses.

Compliance Requirements

  • Trading members must not execute any trades in Polo Hotels Limited securities from January 27, 2026
  • All market participants must comply with the trading prohibition
  • Investors holding positions in this security should be aware of the suspension

Important Dates

  • Notice Date: January 23, 2026
  • Effective Date of Suspension: Tuesday, January 27, 2026

Impact Assessment

Market Impact: High - Complete trading halt prevents any buy/sell transactions in the security. Existing shareholders will be unable to exit positions until the suspension is lifted.

Investor Impact: High - Investors holding Polo Hotels Limited securities face liquidity risk as they cannot trade the stock. This raises serious concerns about the company’s operational status and corporate governance.

Regulatory Significance: This action demonstrates BSE’s enforcement of listing compliance requirements and protection of market integrity when companies fail to maintain proper communication channels or physical presence at registered addresses.

Impact Justification

Complete trading prohibition due to company non-existence at registered address and failure to respond to show cause notices. Directly impacts all trading members and investors holding these securities.