Description
BSE announces suspension of trading in securities of 6 companies effective May 25, 2026, for non-compliance with Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for two consecutive quarters.
Summary
BSE has issued a notice under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 announcing the suspension of trading in securities of 6 listed companies effective May 25, 2026. The suspension is due to non-compliance with Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for two consecutive quarters — September 2025 and December 2025.
Key Points
- Trading in securities of 6 companies will be suspended w.e.f. May 25, 2026
- Non-compliance pertains to Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018
- Non-compliance covers two consecutive quarters: September 2025 & December 2025
- Promoter shareholding in the non-compliant entities and all securities in promoter demat accounts will be frozen during the suspension period
- Companies may avoid suspension by complying on or before May 20, 2026
- Post-suspension, trading allowed on Trade for Trade basis in Z group only on the first trading day of every week for six months (starting 15 days after suspension)
- Revocation requires compliance with all extant norms and payment of fines
Affected Companies
| Scrip Code | Company Name |
|---|---|
| 531611 | Aadhaar Ventures India Ltd |
| 511357 | Kailash Auto Finance Ltd |
| 542724 | Murae Organisor Ltd |
| 531898 | Sanguine Media Ltd |
| 538975 | Shree Securities Ltd |
| 530151 | Vijay Textiles Ltd |
Regulatory Changes
No new regulatory changes are introduced. This notice enforces existing penal provisions under SEBI Master Circular (last updated January 30, 2026) relating to the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities.
Compliance Requirements
- Affected companies must comply with Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 to the satisfaction of BSE
- Compliance must be achieved on or before May 20, 2026 to prevent suspension
- Post-suspension revocation requires full compliance plus payment of all applicable fines
- For clarifications, companies may email: bse.soplodr@bseindia.com
Important Dates
- April 22, 2026 — Notice issued
- May 20, 2026 — Deadline for companies to comply and avoid suspension
- May 25, 2026 — Trading suspension effective date (if non-compliance persists)
- 15 days after suspension — Trade for Trade (Z group, first trading day of every week) commences
- 6 months — Duration of Trade for Trade regime before reassessment
Impact Assessment
Investors in the 6 affected companies face potential illiquidity from May 25, 2026. Promoter holdings will be frozen, limiting any insider transactions. The Z-group Trade for Trade mechanism severely restricts trading to once per week, significantly reducing price discovery and exit options for retail investors. Companies that fail to comply will also bear the reputational and financial cost of fines before revocation is granted.
Impact Justification
Direct trading suspension affecting 6 listed companies and their investors, with promoter shareholding freeze. Clear deadline of May 20, 2026 for compliance to avoid suspension effective May 25, 2026.