New Delhi : The Bombay Stock Exchange will shift six companies to the restricted trading segment from August 27 for not complying with listing requirements pertaining to corporate governance.
The companies are Winsome Diamonds and Jewellery, KGN Industries, HealthFore Technologies, KGN Enterprises, Shri Krishna Prasadam and Layla Textile and Traders. The BSE said the six firms will be transferred to ‘Z’ group with effect from August 27, 2018, due to non-compliances for two consecutive quarters — March 2018 and June 2018 — for the regulation 27(2) of LODR (Listing Obligations and Disclosure Requirements) Regulations.
According to regulation 27(2), the listed entity should submit a quarterly compliance report on corporate governance in the format specified by Sebi from time to time to the recognised stock exchange(s) within fifteen days from close of the quarter.
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