Delisting29 Jun 2026, 11:08 am
Valley Magnesite to Voluntarily Delist from Calcutta Stock Exchange
AI Summary
Valley Magnesite Company Ltd announced that its Board of Directors has approved the voluntary delisting of the company's equity shares from The Calcutta Stock Exchange Limited (CSE). The decision, made during a board meeting on June 29, 2026, is attributed to negligible trading volume on the CSE and aims to optimize administrative compliance costs. The company's shares will continue to be listed on the BSE Limited, ensuring investors retain a trading platform. Consequently, no exit option or offer is required for public shareholders. The company plans to file the formal delisting application with CSE shortly.
Key Highlights
- Board approves voluntary delisting from Calcutta Stock Exchange.
- Rationale: negligible trading volume and cost optimization.
- Shares will continue trading on BSE Limited.
- No exit option needed for public shareholders.
- Formal delisting application to be filed with CSE.
Price Impact
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