Mumbai: On May 28, 2025, the Bombay Stock Exchange (BSE) announced that Sri Krishna Constructions (India) Ltd. will be compulsorily delisted from its equity platform. The delisting will be effective from May 30, 2025. This action is taken as the company has been suspended from trading for over six months and follows an order from the Exchange’s Delisting Committee. The decision is made under the Securities and Exchange Board of India (SEBI) regulations from 2021.
Once delisted, the company’s shares will no longer be traded on the exchange. According to SEBI rules, the company's promoters, directors, and key compliance personnel will face a 10-year ban. During this period, they cannot access the securities market, list new shares, or act as intermediaries.
Promoters are also required to buy back shares from public investors at a fair price. This price will be set by an independent valuer. Until this exit option is offered, all shares held by promoters will be frozen, and they will not receive any corporate benefits such as dividends or bonuses. They also cannot be appointed as directors in any other listed company.
Additionally, Sri Krishna Constructions will be moved to the Dissemination Board of the BSE. This board helps investors stay informed about companies that are no longer actively traded.
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For any questions, trading members are advised to contact BSE via the provided email.
