'Vanishing act' by more than two dozen listed cos; BSE reaches out to firms

Companies had been non-compliant with listing requirements

Asia’s oldest stock exchange has reached out to multiple companies that have been suspended for not meeting listing requirements, only for their communication to be returned undelivered from their registered office addresses.

The BSE has now given them the opportunity for a personal hearing in the first week of February, after which they will be compulsorily delisted from stock exchanges.

They are already found to be in violation of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and similar norms to remain listed on stock exchanges.

 “The exchange has initiated the process of compulsory