BSEEmmsons International Ltd-$HighNegative
Announced Thu, 8 May · 14:31 IST

We have submitted the requisite documents and also committed to pay all outstanding dues immediately as required. You are therefore kindly requested to treat this as most urgent and give ....

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Emmsons International has written to BSE requesting urgent approval of its application to revoke the suspension of trading in its shares. The company first filed the revocation application on 25 August 2023 and claims to have submitted all required documents and clarifications multiple times over the past 20 months, including two personal meetings with BSE officials. The company says it has committed to paying all outstanding dues immediately. It emphasizes that revocation is urgent because it is a condition under its arrangement with banks.

Likely market impact

Shares remain suspended from trading on BSE and the company is unable to get the suspension lifted despite repeated attempts. Shareholders face continued illiquidity and uncertainty, and further delays could put pressure on the company's relationship with its lenders.