Description

NSE suspends trading in Rolta India Limited shares effective December 17, 2025, following NCLT approval of resolution plan under IBC that mandates cancellation of existing equity shares and delisting.

Summary

National Stock Exchange of India has suspended trading in equity shares of Rolta India Limited (Symbol: ROLTA) with effect from December 17, 2025. The suspension follows the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench’s approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016. As per the NCLT-approved resolution plan, all existing equity shares of the Corporate Debtor will be cancelled without any further act and deed from the effective date, and the company’s equity shares will be delisted. The suspension is implemented to avoid market complications.

Key Points

  • Trading in Rolta India Limited (ROLTA) suspended effective December 17, 2025
  • NCLT Mumbai Bench has approved resolution plan under Insolvency and Bankruptcy Code, 2016
  • Existing equity shares of the Corporate Debtor to be cancelled without further act and deed
  • Cancellation effective from the effective date of the Resolution Plan
  • Company’s equity shares will be delisted as per the approved resolution plan
  • Suspension implemented to avoid market complications
  • Circular issued by NSE’s Listing Department

Regulatory Changes

This circular implements a trading suspension pursuant to NCLT’s approval of an insolvency resolution plan under the Insolvency and Bankruptcy Code, 2016. The resolution plan mandates the cancellation of all existing equity shares and subsequent delisting of the company from the exchange.

Compliance Requirements

  • All NSE members must cease trading in Rolta India Limited equity shares from December 17, 2025
  • Market participants holding positions in ROLTA must be aware that the stock is no longer tradeable on NSE
  • Members must inform their clients about the trading suspension and upcoming delisting
  • No new orders can be placed for ROLTA shares on the NSE platform

Important Dates

  • December 17, 2025: Trading suspension effective date
  • December 17, 2025: Circular issue date (NSE/CML/71845, Circular Ref. No: 2456/2025)
  • Effective date of Resolution Plan: To be determined (date from which existing equity shares will be cancelled)
  • Delisting date: To be determined as per the resolution plan timeline

Impact Assessment

Market Impact: High - Complete trading suspension eliminates liquidity for existing shareholders and prevents any market-based exit mechanism. Shareholders cannot sell their holdings through the exchange.

Investor Impact: High - Existing equity shareholders face cancellation of their shares as per the NCLT-approved resolution plan under IBC. This represents a significant corporate action affecting shareholder rights and investment value.

Operational Impact: The suspension prevents market complications that could arise from continued trading while the insolvency resolution process concludes. The delisting will remove the company from NSE’s listed universe.

Legal Framework: The action is taken under the Insolvency and Bankruptcy Code, 2016, following NCLT approval, representing a formal insolvency resolution process with legal backing for the cancellation of existing equity shares.

Impact Justification

Complete trading suspension and impending delisting of Rolta India Limited following NCLT-approved resolution plan under IBC, with existing equity shares to be cancelled. High impact on existing shareholders and market participants.