BSE has issued a trading suspension notice for Omkar Speciality Chemicals Ltd (BSE: 533317) effective 29 April 2026 (Record Date), pursuant to a Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The resolution plan involves a full reduction of the company’s existing share capital, after which fresh equity shares will be issued to a Special Purpose Vehicle (SPV) created by the successful Resolution Applicant (RA).

Key Points

• Trading in equity shares of Omkar Speciality Chemicals Ltd (533317) is suspended with effect from 29 April 2026 (Settlement No. DR-620/2026-2027).
• The Record Date for the capital reduction is 29 April 2026.
• All existing equity shares of Rs. 10/- each — held by both promoters/promoter group and public shareholders — shall be extinguished/cancelled in full.
• The company will issue fresh equity shares to an SPV created by the successful Resolution Applicant (RA).
• Post-restructuring, public shareholders will hold only 5% of the fresh equity share capital.
• Trading will resume only after the RA restores Public Float requirements within the period specified under SEBI (LODR) Regulations 2015.

Regulatory Changes

This action is executed under the NCLT-approved Resolution Plan for Omkar Speciality Chemicals Ltd. The share capital reduction is a court-sanctioned corporate restructuring, overriding normal shareholder rights. SEBI (LODR) Regulations 2015 govern the timeline for restoration of minimum public shareholding (MPS) post-restructuring.

Compliance Requirements

• Trading Members: Must not deal in the equity shares of Omkar Speciality Chemicals Ltd (533317) from 29 April 2026 until further notice.
• Resolution Applicant (RA): Must subscribe to fresh equity share capital via the SPV and restore Public Float/Minimum Public Shareholding as required under SEBI (LODR) Regulations 2015 within the specified period.
• Exchange: Will notify trading members when trading may resume upon RA compliance.

Important Dates

Impact Assessment

Existing Shareholders (High Impact): All existing equity shares — whether held by promoters, promoter group, or public shareholders — will be fully extinguished. Public shareholders will receive no direct cash compensation through this mechanism and will collectively hold only 5% of newly issued equity post-restructuring, representing a severe dilution of current holdings.

Market/Trading Impact: Immediate and indefinite suspension of trading in the scrip. No exit route via the exchange is available during the suspension period.

Insolvency Resolution Context: This circular is part of an NCLT-driven insolvency resolution process. The outcome is legally binding and does not require shareholder approval at the company level. Investors currently holding the stock should note the complete capital wipe-out risk inherent to NCLT resolution plans.