Pursuant to the relevant provisions of SEBI (LODR) Regulations, 2015, this is to inform you that Aftertrade Broking Private Limited have resigned as Market Maker of the Company w.e.f. 23 ....
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Citichem India Ltd has informed BSE that Aftertrade Broking Private Limited has resigned as the Market Maker of the company, effective from the 23rd of the month (date partially truncated in filing). The disclosure is made under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. A Market Maker is a firm responsible for providing liquidity by continuously quoting buy and sell prices for the stock on the exchange. With this resignation, the company may need to appoint a replacement market maker to ensure uninterrupted trading liquidity.
Loss of a market maker could temporarily reduce liquidity in Citichem India's stock, leading to wider bid-ask spreads. However, this is an administrative change and does not impact the company's underlying business or financials unless it triggers prolonged low trading volumes.