BSE has cancelled the shifting of two companies — Shangar Decor Ltd and Mercury Trade Links Ltd — to the ‘Z’ group, which was originally announced via Notice No. 20260330-37 dated March 30, 2026. These companies will not be moved to ‘Z’ group effective April 10, 2026. All other provisions of the original notice remain unchanged.

Key Points

• Shangar Decor Ltd (Scrip Code: 540259) will NOT be shifted to ‘Z’ group (Regulation 17(1))
• Mercury Trade Links Ltd (Scrip Code: 512415) will NOT be shifted to ‘Z’ group (Regulation 18(1))
• This cancellation is in continuation of Exchange Notice No. 20260330-37 dated March 30, 2026
• All other provisions of the original notice remain unchanged

Regulatory Changes

The previously announced reclassification of two scrips to ‘Z’ group under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations has been reversed. The specific regulatory provisions cited are Regulation 17(1) for Shangar Decor Ltd and Regulation 18(1) for Mercury Trade Links Ltd.

Compliance Requirements

• Market participants should note that these two companies will remain in their current group classification
• No action is required from investors holding these scrips regarding group change
• Queries or clarifications can be directed to bse.soplodr@bseindia.com

Important Dates

• Original notice date: March 30, 2026 (Notice No. 20260330-37)
• Cancellation notice date: April 8, 2026
• Originally scheduled Z-group effective date (now cancelled): April 10, 2026

Impact Assessment

Investors and traders holding Shangar Decor Ltd (540259) and Mercury Trade Links Ltd (512415) are positively impacted by this cancellation, as Z-group classification typically implies lower liquidity, restricted trading, and reputational concerns. The cancellation suggests the companies have addressed the compliance deficiencies that triggered the original shifting notice. Market participants who had factored in the Z-group reclassification should update their assessments accordingly.