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BSE May Soon Cancel Share Trading Privileges For These 16 Companies

| Published on October 18, 2019

People invest in the share market on a daily basis in India. Investments are done in the hopes of receiving better returns from the stock market. But as we all know, with great returns comes great risks.

What if a company shuts its trading all of a sudden? Have you ever wondered what happens to the investor’s money?

This is what the investors of these 16 companies are thinking nowadays. BSE has issued a circular with the names of these companies, which can shut their trading at any moment.

As per the BSE‘s circular, 4 Nov’19 onwards, trading of shares of these 16 companies can be stopped as these companies are said to be under violation of the trading rules & regulations of BSE.

BSE has given these companies until 31 Oct’19 to rectify their mistakes and come clean or else their shares will be delisted and their trading will have to stop. It is to be considered that most adversely affected will be the retail investors of these companies.

Here are the names of the companies as mentioned in the circular.

1. 8K Miles Software Services Limited

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8K Miles Software Services is a global Cloud & Security solutions provider, and Next-Generation Cloud Managed Service Provider offers a secure Cloud solution allowing for organizations in highly regulated industries to embrace the Cloud.

2. Dolphin Offshore

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Dolphin Offshore Enterprises (India) Limited (DOEIL) is a leading provider of underwater services to the Indian oil and gas industry.

3. Mayur Leather Products

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Mayur Leather is part of the Mayur Group of Industries with an annual combined turnover of 3.5 Million Euro.

4. Atlas Cycles (Haryana) Ltd.

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Atlas Cycles(Haryana) Ltd., Sonepat, one of India‘s oldest cycling companies.

5. Supreme Infrastructure India Ltd

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Supreme Infrastructure India Ltd is a construction company based in Mumbai.

6. Manpasand Beverages

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Manpasand Beverages Limited is a limited liability company in India. It owns brands such as MangoSip, Fruits Up, Manpasand ORS, and OXY Sip. Its MangoSip brand was the 2nd largest selling mango drink in India in 2014.

7. Binani Industries

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Binani Industries Ltd is an Indian business group based in Mumbai. It is a 143-year old business conglomerate and belongs to the Braj Binani Group.

8. Dion Global Solutions Ltd.

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Dion Global Solutions Limited is an India-based financial technology company. The Company designs develop and support integrated software solutions for financial institutions worldwide.

9. High Ground Enterprise Limited

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High Ground Enterprise Limited is an India-based company engaged in providing engineering, procurement, construction management, and media, consulting and allied services.

10. Jj Exports

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J.J Exporters Limited is an India-based holding company. The Company manufactures and exports silk fabrics, garments, and made-ups.

11. MARG Limited

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MARG Limited is an Indian construction company.

12. Rathi Graphic Technologies Ltd.

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Rathi Graphic Technologies Limited is an India-based company, which is engaged in the business of manufacturing of tonners and developers for use in photocopier machines and laser printers.

13. Sang Froid Labs (India) Ltd.

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Sang Froid Labs (India) Ltd. in the business of providing third-party manufacturing services in the Pharmaceutical sector.

14. Cosboard Industries

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Cosboard Industries Limited, established in 1981 with 1st 15 TPD Board Plant as Private Limited Company,  created market all over India for its products.

15. NR International Ltd.

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The company is engaged in diversified business primarily handling and transportation of Coal and Coke.

16. Real Growth Commercial Enterprises Limited

Real Growth Commercial Enterprises Limited (RGCEL) is a publicly listed company focussing on steel trading. It also makes proprietary investments and has bought significant minority investments in listed companies in India.

 

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