BSEUnistar Multimedia LtdHighNegative
Announced Mon, 16 Jun · 13:04 IST

As per the attachment

Sebi Market BanRegulatory & Legal View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Unistar Multimedia has informed BSE that the exchange has issued a notice to discontinue weekly trading in the company's securities effective July 1, 2025. The action stems from a prior trading suspension imposed on December 13, 2024, after the company failed to submit financial results for the quarters ended March 31, 2024, and June 30, 2024 under SEBI Listing Regulations. The company states it has since rectified the non-compliances and filed an in-principle application for revocation of suspension on April 14, 2025. The company also disclosed a delay in reporting this notice to the stock exchange, citing administrative oversight.

Likely market impact

The discontinuation of weekly trading further restricts liquidity in the stock, which is already under suspension, making it harder for shareholders to buy or sell shares. However, the company's claim that non-compliances have been rectified and a revocation application is pending offers some hope for resumption of normal trading, though no timeline is confirmed.