Description

NSE announces discontinuation of weekly trading for Gangotri Textiles Limited effective September 09, 2025, after completing mandated six months trading period.

Summary

NSE announces the discontinuation of weekly trading restrictions for Gangotri Textiles Limited (GANGOTRI) effective September 09, 2025. The company was previously restricted to trading only on the first trading day of every week on a ‘Trade for Trade’ basis due to non-compliance with Board composition requirements under SEBI Listing Regulations.

Key Points

  • Weekly trading restrictions for Gangotri Textiles Limited will end on September 09, 2025
  • Company was suspended for non-compliance with Regulation 17(1) regarding Board composition
  • Non-compliance occurred for two consecutive quarters: June 30, 2024 and September 30, 2024
  • Mandated six-month period of weekly trading will be completed on September 10, 2025
  • Trading was restricted to ‘Trade for Trade’ basis on Series “BZ”

Regulatory Changes

Transition from restricted weekly trading to normal trading operations for Gangotri Textiles Limited, removing the limitation of trading only on the first trading day of each week.

Compliance Requirements

No new compliance requirements. This circular represents the completion of the remedial trading restriction period imposed for previous non-compliance with Board composition requirements.

Important Dates

  • September 08, 2025: Last day of weekly trading restrictions (closing hour)
  • September 09, 2025: Effective date for discontinuation of weekly trading restrictions
  • September 10, 2025: Completion of mandated six-month trading period

Impact Assessment

Limited market impact as this affects only one company transitioning from restricted to normal trading. Positive development for Gangotri Textiles shareholders as it removes trading restrictions and improves liquidity access. The change represents successful completion of the remedial period following the original compliance violation.

Impact Justification

Affects only one small company, transition from restricted to normal trading