BSE has issued Notice No. 20260424-26 announcing the movement of two companies out of the ‘Z’ group effective May 05, 2026, pursuant to 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) under Chapter VII(A) - Penal Action for Non-Compliance.

Key Points

• Two scrips are being moved out of the ‘Z’ group with effect from May 05, 2026
• Minolta Finance Ltd (Scrip Code: 532164) is being transferred to the XT group
• Supreme Infrastructure India Limited (Scrip Code: 532904) is being transferred to the B group
• The action is pursuant to SEBI’s Master Circular on Penal Action for Non-Compliance
• Contact for queries: bse.soplodr@bseindia.com

Regulatory Changes

This circular is issued under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, Chapter VII(A) governing penal actions for non-compliance. The movement out of the ‘Z’ group indicates that these companies have fulfilled their compliance requirements and are being rehabilitated to their respective groups.

Compliance Requirements

• All market participants are required to note the group transfers effective May 05, 2026
• Trading members and investors should update their records accordingly for both scrips
• No specific action required from the companies themselves beyond what has already led to this reclassification

Important Dates

• Notice Date: April 24, 2026
• Effective Date of Group Transfer: May 05, 2026

Impact Assessment

The movement out of the ‘Z’ group is generally a positive development for the affected companies and their investors. The ‘Z’ group at BSE carries trading restrictions and stigma associated with non-compliance. Being transferred to XT or B group indicates improved compliance status:

• Minolta Finance Ltd (532164): Moving to XT group, which typically applies to companies under some specific exchange classification but outside the penalty Z group
• Supreme Infrastructure India Limited (532904): Moving to B group, a standard equity trading group with fewer restrictions than Z group

Investors holding these scrips may benefit from improved liquidity and reduced trading restrictions post the effective date.