Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulation 2015, we wish to inform you that the Board of Directors at its meeting held on 29th August, ....
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Avon Mercantile Ltd has filed an application with the Calcutta Stock Exchange (CSE) on 27th May 2025 to voluntarily delist its equity shares (Scrip Code: 11138, ISIN: INE471D01019). The Board of Directors had approved this move at its meeting held on 29th August 2024. The company cited cost rationalization as the reason for seeking delisting from CSE. Importantly, the company remains listed on BSE, so this only affects its CSE listing. The delisting is still subject to approval from CSE and must comply with SEBI's Delisting Regulations, 2021.
Minor impact for shareholders — the stock will stop trading on CSE but continues to be available on BSE. The delisting is not from all exchanges, and the reason is administrative cost savings rather than financial distress, so no material price impact is expected.