Description
BSE announces suspension of trading in securities of Murae Organisor Ltd (Scrip 542724) effective May 29, 2026, due to non-compliance with Regulation 27(2) of SEBI LODR Regulations for two consecutive quarters (September & December 2025).
Summary
BSE has issued a notice under SEBI Master Circular (HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated January 30, 2026) announcing the suspension of trading in securities of Murae Organisor Ltd (Scrip Code: 542724) effective May 29, 2026, due to non-compliance with Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters — September 2025 and December 2025.
Key Points
- Trading in Murae Organisor Ltd (Scrip 542724) will be suspended from May 29, 2026 for failure to comply with Regulation 27(2) of SEBI LODR Regulations.
- Non-compliance spans two consecutive quarters: September 2025 and December 2025.
- The entire shareholding of promoters in the non-compliant entity, as well as all other securities in the promoter’s demat account(s), will be frozen during the suspension period.
- Suspension can be avoided if the company achieves full compliance to the Exchange’s satisfaction on or before May 25, 2026.
- After 15 days of suspension, trading will be allowed only on a Trade for Trade basis in Z group, on the first trading day of every week, for six months.
- Revocation of suspension requires the company to comply with all prescribed procedures and extant norms.
Regulatory Changes
No new regulatory changes are introduced. This action is pursuant to the existing SEBI Master Circular on penal actions for non-compliance with SEBI LODR Regulations and the Standard Operating Procedure for suspension and revocation of trading of specified securities of listed entities.
Compliance Requirements
- Murae Organisor Ltd must comply with all provisions of SEBI LODR Regulations, 2015 — specifically Regulation 27(2) — to the satisfaction of BSE on or before May 25, 2026 to avoid suspension.
- The company must also pay any applicable fines for the suspension to be revoked after it takes effect.
- Promoters of the non-compliant entity must note that their entire demat holdings will remain frozen during any suspension period.
Important Dates
| Date | Event |
|---|---|
| September 2025 & December 2025 | Quarters for which Regulation 27(2) non-compliance was recorded |
| May 25, 2026 | Deadline for company to comply and avoid suspension |
| May 29, 2026 | Effective date of trading suspension if non-compliance persists |
| 15 days post-suspension | Trade for Trade (Z group) weekly trading begins |
| 6 months post-suspension | Period during which weekly Z-group trading is permitted |
Impact Assessment
This circular has a high impact on investors and market participants holding securities of Murae Organisor Ltd (Scrip 542724). A trading suspension will severely restrict liquidity in the stock, and promoter shareholding will be frozen, limiting their ability to transact. If the company fails to remedy the non-compliance by May 25, 2026, shareholders will face illiquidity from May 29, 2026 onward. Post-suspension, the shift to Trade for Trade settlement in Z group further signals regulatory distress and typically results in significant price discovery challenges. Market participants should monitor BSE announcements for any compliance update from Murae Organisor Ltd before the deadline.
Impact Justification
Direct trading suspension action affecting a listed company's securities and freezing promoter shareholding; shareholders and market participants in Murae Organisor Ltd are directly impacted.