Securities Appellate Tribunal Orders Restoration of Listing for KD Leisures Ltd
The Securities Appellate Tribunal at Mumbai passed an order on March 17, 2026, concerning an appeal filed by KD Leisures Limited against directions issued by BSE Limited. The appeal was before the Tribunal, which included Justice P. S. Dinesh Kumar as Presiding Officer, Ms. Meera Swarup, and Technical Member Dr. Dheeraj Bhatnagar.The appeal concerned an order dated August 22, 2024, and a letter dated October 23, 2024, from BSE directing the delisting of the Company's equity shares from the BSE platform due to non-compliance with LODR Regulations 2.
During the proceedings, representatives for both sides addressed the Tribunal. Tomu Francis, an advocate for BSE, submitted that the appellant had complied with all shortfalls and had paid the 'Outstanding SOP fines', 'Outstanding Annual Listing Fees', Processing Fees, and Reinstatement Fees. He further submitted that in the specific circumstances of the case, the listing should be restored.
KD Leisures Ltd's authorized representative, Kushal Shah, stated that if the appellant fails to complete the required compliances as directed by the Tribunal within four weeks, BSE may restore the delisting status of the appellant-Company based on the submitted undertaking.
The Tribunal issued several directives in its order. The BSE Ltd. was directed to restore the listing of the Company forthwith. Furthermore, the appellant Company was mandated to ensure continuous compliances of the LODR Regulations and other applicable laws moving forward.
The Tribunal also stipulated that if the appellant Company fails to comply with the extant norms for revocation of suspension within four weeks from the date of listing restoration, BSE would be at liberty to take action, including restoration of 'delisting' status, based on the undertaking provided. Additionally, BSE was directed to initiate the defreezing of demat accounts of the promoters and the promoter group of the appellant company only after the revocation of suspension in the trading of the securities of the appellant Company.
The appeal was disposed of in these terms.
Stock Price Movement
As of 10:33 AM, KD Leisures Ltd.'s shares are suspended due to penal reasons, making directional updates impossible for traders right now. The stock remains completely flat and locked at ₹5.47, showing no intraday variation.Source:
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