Description
BSE announces suspension of trading in securities of four companies effective June 15, 2026, for non-compliance with Regulation 33 of SEBI LODR Regulations for two consecutive quarters (September & December 2025).
Summary
BSE has issued notice under SEBI Master Circular (HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated January 30, 2026) that trading in securities of four companies will be suspended effective June 15, 2026, due to non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters — September 2025 and December 2025. Promoter shareholding in these entities will also be frozen during the suspension period.
Key Points
- Trading suspension applies to four companies effective June 15, 2026
- Non-compliance is with Regulation 33 (financial results submission) for Q2 and Q3 FY2025-26
- Promoter’s entire shareholding and all demat account securities will be frozen during suspension
- Companies can avoid suspension by achieving full compliance to BSE’s satisfaction on or before June 10, 2026
- Post-suspension, 15 days after suspension begins, shares will trade on Trade for Trade (T2T) basis in Z group, only on the first trading day of every week for six months
- Murae Organisor Ltd (542724) already has a pre-existing trading prohibition/suspension per notice 20260325-31 dated March 25, 2026
Affected Companies
| Sr No | Scrip Code | Company Name |
|---|---|---|
| 1 | 542724 | Murae Organisor Ltd* |
| 2 | 511557 | Pro Fin Capital Services Ltd |
| 3 | 538919 | Skyline Ventures India Ltd |
| 4 | 531499 | Sybly Industries Ltd |
*Already under trading prohibition per notice 20260325-31 dated March 25, 2026.
Regulatory Changes
No new regulatory framework introduced. Action is pursuant to the existing 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 non-compliance with SEBI LODR Regulations and the Standard Operating Procedure for suspension and revocation of trading.
Compliance Requirements
- Non-compliant companies must fully comply with all provisions of SEBI LODR Regulations, 2015 to BSE’s satisfaction on or before June 10, 2026 to avoid suspension
- Companies must also pay applicable fines for suspension to be revoked after it is effected
- Revocation of suspension requires compliance with the procedure and all extant norms prescribed for revocation
- For queries, companies and participants may contact: bse.soplodr@bseindia.com
Important Dates
- June 10, 2026: Deadline for companies to comply and avoid suspension
- June 15, 2026: Trading suspension effective date (if non-compliance continues)
- ~June 30, 2026 (15 days post-suspension): Trade for Trade basis in Z group begins on first trading day of each week, for six months
Impact Assessment
Investors holding securities of the four listed companies will lose normal trading access from June 15, 2026, if the companies do not remediate. Post-suspension, liquidity will be severely restricted — trades will only be permitted on a Trade for Trade (no netting) basis in the Z group, once per week. The freezing of promoter demat accounts adds further operational and reputational consequences for the promoters. Minority shareholders are indirectly impacted by loss of liquidity and potential price discovery issues. The action underscores BSE’s enforcement of timely financial results disclosure under Regulation 33.
Impact Justification
Direct trading suspension affecting four listed companies and freezing of promoter shareholding; impacts market liquidity and investor access to these securities from June 15, 2026.