Description
BSE announces movement of two companies out of 'Z' group effective May 05, 2026. Minolta Finance Ltd (532164) moves to XT group and Supreme Infrastructure India Limited (532904) moves to B group.
Summary
BSE has issued Notice No. 20260424-26 announcing the movement of two companies out of the ‘Z’ group effective May 05, 2026, pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (originally issued July 11, 2023, last updated January 30, 2026) under Chapter VII(A) - Penal Action for Non-Compliance.
Key Points
- Two scrips are being moved out of the ‘Z’ group with effect from May 05, 2026
- Minolta Finance Ltd (Scrip Code: 532164) is being transferred to the XT group
- Supreme Infrastructure India Limited (Scrip Code: 532904) is being transferred to the B group
- The action is pursuant to SEBI’s Master Circular on Penal Action for Non-Compliance
- Contact for queries: bse.soplodr@bseindia.com
Regulatory Changes
This circular is issued under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, Chapter VII(A) governing penal actions for non-compliance. The movement out of the ‘Z’ group indicates that these companies have fulfilled their compliance requirements and are being rehabilitated to their respective groups.
Compliance Requirements
- All market participants are required to note the group transfers effective May 05, 2026
- Trading members and investors should update their records accordingly for both scrips
- No specific action required from the companies themselves beyond what has already led to this reclassification
Important Dates
- Notice Date: April 24, 2026
- Effective Date of Group Transfer: May 05, 2026
Impact Assessment
The movement out of the ‘Z’ group is generally a positive development for the affected companies and their investors. The ‘Z’ group at BSE carries trading restrictions and stigma associated with non-compliance. Being transferred to XT or B group indicates improved compliance status:
- Minolta Finance Ltd (532164): Moving to XT group, which typically applies to companies under some specific exchange classification but outside the penalty Z group
- Supreme Infrastructure India Limited (532904): Moving to B group, a standard equity trading group with fewer restrictions than Z group
Investors holding these scrips may benefit from improved liquidity and reduced trading restrictions post the effective date.
Impact Justification
Affects two specific scrips being upgraded out of Z group; positive development for those companies and their investors, but limited broader market impact.