Reply for show cause notice for delisting by NSE
Awaiting price reaction for this filing.
Poddar Housing and Development has responded to an NSE show cause notice dated October 20, 2025 regarding the proposed delisting of its equity shares due to prolonged non-compliance. The company has submitted a revised schedule to clear pending filings, including related party transaction statements, a compliance certificate, and appointment of an additional director to meet the minimum directors requirement. Several quarterly financial results are severely delayed — the June 2024 results are now promised by December 20, 2025, and results up to September 2025 have been pushed as far as July 31, 2026. The company has attributed the delays to factors communicated to the exchanges earlier and is seeking acknowledgement of its revised compliance plan.
This is a serious red flag for shareholders — the NSE has initiated delisting proceedings due to repeated compliance failures and a multi-year delay in financial disclosures. Until the company demonstrates it can stick to the new schedule, the stock faces significant delisting risk on NSE (BSE listing remains), which could sharply reduce liquidity and investor confidence.