BSE to suspend trading in 17 cos from November 29
Leading stock exchange BSE will suspend trading in securities of 17 companies from November 29 for not complying with provision of listing regulations and failing to pay the mandatory fines for non-compliance. The exchange will suspend trading in seven companies that had submitted their financial results but did not pay the applicable fines. The 10 companies that did not comply with the listing regulations are Mysore Paper Mills, Premier Energy and Infrastructure, Ranjeev Alloys, RCL Foods, Soma Papers & Industries, Sudar Industries, Sunrise Asian, SVOGL Oil Gas And Energy, Techtran Polylenses and Valecha Engineering.
Trading in securities of the companies will be suspended from November 29 on account of non-compliance with Regulation 33 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters to March and June 2016, BSE said in a circular.
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