Description
BSE will suspend trading in securities of Nagarjuna Fertilizers and Chemicals Ltd (Scrip 539917) w.e.f. May 29, 2026 for non-compliance with Regulation 17(1) of SEBI LODR Regulations for two consecutive quarters (Sep & Dec 2025), unless compliance is achieved by May 25, 2026.
Summary
BSE has issued a notice that trading in securities of Nagarjuna Fertilizers and Chemicals Ltd (Scrip Code: 539917) will be suspended effective May 29, 2026, due to non-compliance with Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters — September 2025 and December 2025. The suspension will be avoided if the company achieves full compliance by May 25, 2026.
Key Points
- Trading in Nagarjuna Fertilizers and Chemicals Ltd (Scrip: 539917) to be suspended w.e.f. May 29, 2026
- Non-compliance is with Regulation 17(1) of SEBI LODR Regulations for Sep 2025 and Dec 2025 quarters
- Entire promoter shareholding and all securities in promoter demat accounts will be frozen during the suspension period
- Suspension can be avoided if company complies to BSE’s satisfaction by May 25, 2026
- Post-suspension, after 15 days, trading will be allowed only on Trade for Trade basis in Z group on the first trading day of every week for six months
- Revocation of suspension requires full compliance plus payment of fines
Regulatory Changes
This action is taken 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) governing penal actions for LODR non-compliance and the Standard Operating Procedure for suspension and revocation of trading in specified securities of listed entities.
Compliance Requirements
- Nagarjuna Fertilizers and Chemicals Ltd must comply with all provisions of SEBI LODR Regulations, 2015 — specifically Regulation 17(1) — to the satisfaction of BSE on or before May 25, 2026
- The company must also pay applicable fines for revocation of suspension after it is imposed
- For clarifications, market participants may email: bse.soplodr@bseindia.com
Important Dates
- April 28, 2026 — Notice date
- May 25, 2026 — Deadline for compliance to avoid suspension
- May 29, 2026 — Effective date of trading suspension if compliance is not achieved
- 15 days after suspension — Trade for Trade basis in Z group (first trading day of every week) for six months
Impact Assessment
Investors holding securities of Nagarjuna Fertilizers and Chemicals Ltd (Scrip: 539917) face significant liquidity risk if the company fails to comply by May 25, 2026. A trading suspension will severely restrict the ability to buy or sell shares. The freezing of promoter shareholding adds further governance pressure. Post-suspension, the shift to Z-group Trade for Trade settlement on a weekly basis will drastically reduce liquidity and price discovery for retail and institutional investors.
Impact Justification
Direct trading suspension of a listed company with promoter shareholding freeze; affects market participants and investors in Nagarjuna Fertilizers and Chemicals Ltd.