SEBI directions w.r.t. listed Shell Companies – Update on Blue Circle Services Ltd.

capital market | Mumbai | January 10, 2018 21:16 IST


Sub: SEBI directions w.r.t. listed Shell Companies – Update on Blue Circle Services Ltd.


Pursuant to the Exchange notice no. 20170807-31 dated August 07, 2017, following actions are initiated w.r.t. the company viz. Blue Circle Services Ltd. (Scrip Code – 508939): -


        i.      The trading in securities of the Company shall be reverted to the status as it stood prior to issuance of SEBI letter dated August 07, 2017 effective from January 11, 2018 as under:-


Sr. no.

Scrip Code

Scrip Name


Price Band



Blue Circle Services Ltd.




      ii.      An independent auditor shall be appointed to conduct forensic audit of the Company for verification, including the credentials / financials of the Company.


Further in line with the paragraph 1.b) of SEBI/HO/ISD/ISD/OW/P/2017/18183 dated August 07, 2017, the promoters and directors in the Company are permitted only to buy the securities of the Company and they shall not sell their existing holding in the Company.


All market participants are requested to take note of the above.



For & On behalf of BSE Ltd.





Usha Sharma                                                                                     Rajesh Gandhi

Addl. General Manager                                                                   Asst. General Manager

Surveillance                                                                                       Surveillance


January 10, 2018



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