Disclosure under regulation 30 of SEBI (LODR) Regulations
Awaiting price reaction for this filing.
N2N Technologies has applied to BSE for revocation of the trading suspension on its equity shares. The suspension had been imposed due to non-payment of annual listing fees, which the company has now cleared. Separately, the company informed the exchange that its promoter, Rahul Shah (a US citizen with global IT businesses), is defending civil and criminal cases in Illinois, USA, which are stated to be unrelated to the company's affairs. The company will provide further updates on the revocation as they become available.
For shareholders, this is a positive administrative update — once BSE lifts the suspension, trading in the stock should resume, restoring liquidity. The promoter's legal proceedings are framed as unrelated to the company, but investors should watch for any further clarification or impact disclosures.