Description

BSE has prohibited/suspended trading in securities of Pradhin Limited (Scrip Code 530095) effective March 12, 2026, due to non-response to show cause notice and confirmed non-existence at registered office address.

Summary

BSE has issued a prohibition/suspension of trading in the securities of Pradhin Limited (Scrip Code: 530095) as an interim measure, effective March 12, 2026. The action was taken due to the company’s failure to respond to a show cause notice and confirmed non-existence at its registered office address during a site visit conducted by the Exchange.

Key Points

  • Trading in securities of Pradhin Limited (Scrip Code: 530095) is prohibited/suspended effective March 12, 2026
  • The company failed to provide any response to BSE’s show cause notice
  • A site visit by the Exchange confirmed the company does not exist at its registered office address
  • The suspension is described as an interim measure
  • All trading members and investors are notified to take note of this action

Regulatory Changes

No new regulatory framework changes. This is an enforcement action under BSE’s existing listing compliance authority to suspend trading in securities of non-compliant companies that are unresponsive and unverifiable at their registered addresses.

Compliance Requirements

  • Trading members must immediately cease facilitating trades in Pradhin Limited (Scrip Code: 530095) from March 12, 2026
  • Investors holding or intending to trade in this scrip must note the suspension and refrain from placing orders
  • No further action is specified for the company in this notice, though the interim nature suggests further proceedings may follow

Important Dates

  • Notice Date: March 11, 2026
  • Suspension Effective Date: March 12, 2026

Impact Assessment

This suspension has a high impact on existing investors in Pradhin Limited, who will be unable to trade their holdings on BSE from March 12, 2026 onwards. The confirmation of non-existence at the registered office raises serious concerns about the company’s operational status and corporate governance. Investors may face significant liquidity risk as a result of this suspension. The interim nature of the measure suggests the possibility of further regulatory action, including potential delisting proceedings.

Impact Justification

Trading suspension is a severe regulatory action directly impacting investors' ability to trade the security; the company failed to respond to show cause notice and was found non-existent at its registered address, indicating serious compliance failure.