BSE will delist as many as nine companies from Monday as trading in their shares has remained suspended for over 6 months.
The exchange has been delisting for the past few months those firms in which trading has remained suspended for a long period. In a circular issued Friday, the BSE said,”nine companies that have remained suspended for more than six months would be delisted from the platform of the exchange, with effect from November 5, 2018 pursuant to order of the delisting committee of the exchange.”
The companies facing delisting are — Anil Ltd, Brakes Auto (India) Ltd, Indus Fila, IQ Infotech, Lok Housing & Constructions, Metropoli Overseas, Pithampur Steels, Prakash Solvent Extractions and Sibar Software Services (India).
According to the exchange, shares of these companies would cease to be listed and therefore not be available for trading on the platform of the exchange.