Monday 9 November 2015

BSE to delist H&M


Helios and Matheson Infomation Technology Ltd. had only filed its annual report until FY 2012-13. 

The BSE has thus issued a notice for delisting of Helios and Matheson Information Technology Ltd., having failed to file further annual reports and audited balance sheet and failing to comply with Clause 41 of the Listing Agreement.

As per the notice (which is available here) the BSE proposes to delist Helios and Matheson Information Technology Ltd., i.e. trading of shares would be suspended w.e.f. 27/11/2015 provided the company does not comply by 20/11/2015. Further all promoter shareholding has been frozen w.e.f. 05/11/2015.