Description
NSE suspends trading in MANGCHEFER equity shares effective October 31, 2025 due to Scheme of Amalgamation.
Summary
National Stock Exchange of India has announced the suspension of trading in equity shares of Mangalore Chemicals & Fertilizers Limited (Symbol: MANGCHEFER) effective from October 31, 2025. The suspension is being implemented pursuant to Regulation 3.1.2 of the NSE Capital Market Trading Regulations Part A due to a Scheme of Amalgamation.
Key Points
- Trading suspension applies to MANGCHEFER equity shares in EQ series
- Suspension reason: Scheme of Amalgamation
- Action taken under Regulation 3.1.2 of NSE Capital Market Trading Regulations Part A
- Circular reference number: NSE/CML/70979 (2083/2025)
Regulatory Changes
No regulatory framework changes. This is an implementation of existing regulations for corporate restructuring scenarios.
Compliance Requirements
- All NSE members must cease trading in MANGCHEFER equity shares from October 31, 2025
- Trading to stop at closing hours on October 30, 2025
- Members must update their systems to reflect the trading suspension
Important Dates
- October 27, 2025: Circular issued
- October 30, 2025: Last day of trading (closes at end of trading hours)
- October 31, 2025: Trading suspension becomes effective
Impact Assessment
Market Impact: High - Complete trading suspension prevents all buy/sell transactions in the security on NSE platform.
Investor Impact: High - Existing shareholders cannot exit positions through NSE; liquidity completely eliminated until amalgamation process concludes.
Operational Impact: Members must update trading systems and inform clients about the suspension. The amalgamation scheme will determine the future treatment of shares and potential conversion/exchange ratios for shareholders.
Impact Justification
Complete trading suspension of a listed company due to amalgamation scheme directly impacts shareholders and trading activities