Description
BSE cancels the previously announced suspension of trading in securities of Shree Securities Ltd (scrip code 538975), which had been suspended for non-compliance with Regulation 31 of SEBI LODR Regulations for Q2 and Q3 FY2025-26. Trading suspension will not proceed effective May 18, 2026.
Summary
BSE has decided not to proceed with the suspension of trading in securities of Shree Securities Ltd (scrip code: 538975), effective May 18, 2026. This reverses the suspension that had been announced via Exchange Notice No. 20260416-28 dated April 16, 2026, which was triggered by non-compliance with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters — September 2025 and December 2025.
Key Points
- BSE cancels the impending trading suspension for Shree Securities Ltd (scrip code: 538975)
- Original suspension was announced on April 16, 2026 via Exchange Notice No. 20260416-28
- Non-compliance was with Regulation 31 of SEBI LODR Regulations, 2015 for Q2 FY26 (September 2025) and Q3 FY26 (December 2025)
- Cancellation is effective May 18, 2026 — trading will continue normally from that date
- All other provisions of the original notice (20260416-28) remain unchanged
Regulatory Changes
No new regulatory changes are introduced. This notice is a continuation and partial reversal of Exchange Notice No. 20260416-28 dated April 16, 2026. Regulation 31 of SEBI (LODR) Regulations, 2015 governs shareholding pattern disclosures; non-compliance for two consecutive quarters triggers trading suspension.
Compliance Requirements
- Shree Securities Ltd has presumably remediated its Regulation 31 non-compliance to qualify for this cancellation
- All market participants are requested to note that the suspension will not take effect for this company
- For further clarification, market participants may contact BSE at bse.soplodr@bseindia.com
Important Dates
- April 16, 2026: Original suspension notice issued (Exchange Notice No. 20260416-28)
- May 14, 2026: This cancellation notice issued
- May 18, 2026: Date from which the suspension was to have taken effect — now cancelled
Impact Assessment
The cancellation is positive for existing shareholders and traders in Shree Securities Ltd (scrip code: 538975), as it avoids a forced disruption to liquidity. The impact is limited to this single company and does not signal any broader regulatory relaxation. Market participants holding or intending to trade in Shree Securities Ltd can continue to do so without interruption from May 18, 2026 onward.
Impact Justification
Affects a single small-cap company (Shree Securities Ltd); cancellation of suspension is positive news restoring normal trading, but limited broader market impact.