NSE has announced the removal of Periyar Chemicals Limited from the Dissemination Board (DB) effective April 02, 2026. The removal is pursuant to SEBI circulars governing exclusively listed companies of de-recognized, non-operational, or exited stock exchanges, and is triggered by the company having exercised the exit option.

Key Points

• Periyar Chemicals Limited will be removed from the NSE Dissemination Board with effect from April 02, 2026.
• The reason for removal is the exercise of the exit option by the company.
• This action is in accordance with SEBI Circular No. SEBI/HO/MRD/DSA/CIR/P/2016/110 (October 10, 2016), SEBI/HO/MRD/DSA/CIR/P/2017/92 (August 01, 2017), and Chapter 6 of Master Circular No. SEBI/HO/MRD2/PoD-2/CIR/P/2023/171 (October 16, 2023).
• NSE members are notified that the company will no longer be available on the Dissemination Board.

Regulatory Changes

No new regulatory changes are introduced. This circular implements existing SEBI provisions for the exit of exclusively listed companies from the Dissemination Board when they opt for the exit route prescribed under SEBI’s framework for de-recognized/non-operational/exited stock exchanges.

Compliance Requirements

• NSE members should note that Periyar Chemicals Limited will no longer be listed or available on the Dissemination Board from April 02, 2026 onwards.
• Members should update their records and systems accordingly to reflect the removal of this company from the DB.
• No trading in the company’s securities on the Dissemination Board should be facilitated after the effective date.

Important Dates

• April 01, 2026: Date of circular issuance.
• April 02, 2026: Effective date of removal of Periyar Chemicals Limited from the NSE Dissemination Board.

Impact Assessment

The impact of this circular is minimal and confined to a single company — Periyar Chemicals Limited. The company was exclusively listed on a de-recognized/non-operational/exited stock exchange and was placed on the Dissemination Board to provide an exit mechanism for its shareholders. With the company now having exercised the exit option, its removal from the DB is a procedural conclusion to that process. Broader market participants and NSE members are unlikely to be materially affected.