Notice No.   20230710-13   Notice Date   10 Jul 2023
Category   Company related   Segment   Equity
Subject   Compulsory Delisting of Companies

Sub: Compulsory Delisting of Companies


Trading Members of the Exchange are hereby informed that, the undermentioned 02 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from July 12, 2023, pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (“Regulations”).

Sr. No.

Scrip Code

Name of the company



Dazzel Confindive Ltd.



Secunderabad Healthcare Ltd.

Consequences of compulsory delisting.


1.    As per SEBI (Delisting of Equity Shares), Regulations, 2021: -


·      The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange.


In terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance  with  the  securities laws, promoters, and companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any  equity shares or act as an intermediary for a period of 10 (ten) years from the date of delisting.  


·      Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly.


·      Also, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive –


a.    Such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters / promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub – regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange.


b.    the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided.


2.    Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.


In case of any clarifications, they may email on id




For & On behalf of BSE Ltd.




Netra Sahani                                                                                        Umesh Hanjankar

Additional General Manager                                                              Deputy General Manager

Listing Compliance                                                                             Surveillance


Date: - July 10, 2023.