Crystal Business System Limited's board has approved the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India Limited (MSEI) due to low trading volumes and the additional burden of listing fees. The decision, taken during a board meeting on July 21, 2026, leverages Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021, which permits delisting without an exit window if the company continues to be listed on a nationwide stock exchange. The company will maintain its listing on BSE Limited, ensuring continued trading access for investors and negating the need for an exit opportunity.

The proposal covers 10,02,65,430 equity shares with a paid-up value of ₹1 each and an ISIN of INE994R01028. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Balmukund Shyamsundar Tiwari, Managing Director, signed the communication confirming the board's decision. The company disclosed the newspaper advertisement clippings published in the Financial Express and Jansatta on July 22, 2026, regarding the proposed delisting.

Delisting Details

Crystal Business System Ltd has appointed Ms. Sangeeta Mukherjee as an Additional Director in the Non-Executive and Independent Director category, effective July 3, 2026, for a term of five consecutive years. The appointment strengthens the company's governance structure with the addition of an independent expert possessing experience in information technology and business process management. This move is subject to the approval of the Members of the Company at the next general meeting or within a period of three months from the date of appointment, whichever is earlier.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant provisions of the Companies Act, 2013. The disclosure was submitted to BSE Limited and Metropolitan Stock Exchange Limited, referencing SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that Ms. Mukherjee is not debarred from holding the office of director by any SEBI order or other authority.

Ms. Sangeeta Mukherjee holds a DIN of 02836339 and graduated with a B.Com (Hons). She brings five years of professional experience in the field of information technology and related operations. Her profile highlights strong technical knowledge, analytical abilities, and hands-on experience in managing systems, troubleshooting, and supporting business processes.

The filing confirmed that Ms. Mukherjee is not related to any of the Promoters, Members of the Promoter Group, or Directors of the Company. The Board of Crystal Business System Ltd approved the appointment, with the Managing Director Bal Mukund Tiwari signing the disclosure.

Appointment Details