Econo Trade (India) Limited to Delist from Calcutta Stock Exchange, Retains BSE Listing

Econo Trade (India) Limited has announced its intention to voluntarily delist its equity shares from the Calcutta Stock Exchange (CSE) while maintaining its listing on the Bombay Stock Exchange (BSE). The company has initiated the process to apply for delisting from CSE in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, as amended.

Rationale for Delisting

The primary reason for this decision is to save on recurring expenses associated with the listing fees payable to the Calcutta Stock Exchange, where the trading volume of the company's equity shares has been nil. Econo Trade (India) Limited emphasized that this move will not adversely affect investors, as the company's equity shares will continue to be listed on the BSE Limited (Bombay Stock Exchange Limited), which is a recognized stock exchange with nationwide trading terminals.

Public Notice and Transparency

In compliance with regulatory requirements, Econo Trade (India) Limited has issued a public notice regarding the delisting. The notice was published in three newspapers:

1. Financial Express (English language)
2. Financial Express Gujarati (Regional Gujarati language)
3. Arthik Lipi (Bengali language)

All three publications carried the notice on September 15, ensuring wide dissemination of the information across different language-speaking regions.

Company Details

Econo Trade (India) Limited, with the Corporate Identification Number (CIN) L51109GJ1982PLC156832, has its registered office at Plot No. 1280, SH No. G/F 9, Eva Surbhi, Waghawadi Road, Takhteshwar, Bhavnagar – 364002, Gujarat, India. The company's corporate office is located at 16/1A, Abdul Hamid Street, 5th Floor, Room No. 5E, Kolkata-700069, West Bengal.

Stock Exchange Codes

For investors and stakeholders, it's important to note the following stock exchange codes:

Management Statement

Siddharth Sharma, the Company Secretary & Compliance Officer, signed the delisting notice, affirming the company's commitment to transparency and regulatory compliance throughout the delisting process.

Investor Information

The company has assured that copies of the delisting notice publication are available on its official website at www.econo.in . Investors are encouraged to visit the website for further details and updates regarding the delisting process.

This strategic move by Econo Trade (India) Limited aims to streamline its listing obligations while ensuring continued access to the capital markets through its BSE listing. Shareholders and potential investors are advised to keep track of further announcements from the company regarding the progress of the delisting procedure.