BSE to place trading restrictions on 161 firms from May 5
The Bombay Stock Exchange (BSE) will impose trading restrictions on 161 companies from May 5 for their failure to pay the annual listing fee. Out of these companies, 140 are already facing trading restrictions for certain other regulatory non-compliance. In a circular, BSE said that despite repeated reminders and notices, the defaulting companies have failed to pay the arrears.
New Delhi, Apr 30 (PTI) Leading exchange BSE will impose trading restrictions on 161 companies from May 5 for their failure to pay the annual listing fee. Out of these companies, 140 are already facing trading restrictions for certain other regulatory non-compliance. Of the remaining 21, while 8 firms will be moved to T group, 13 will be transferred to XT group. The firms being placed under T group are W S Industries (India), Alps Industries, Bilpower, Madhucon Projects, Rei Agro, Software Technology Group Intl, Parabolic Drugs and Hanung Toys & Textiles. Among the companies that will be moved to XT group are Rathi Steel & Power, Magnum, Himalya International, Alchemist Corporation, Raymed Labs, Tricom Fruit Products, Infronics Systems and Indovation Technologies. The T group represents those securities which are settled on a trade-to-trade basis as a surveillance measure, while XT group includes the securities that are exclusively listed or traded at BSE and settled on a trade-to-trade basis. 