<p class="title">Leading stock exchanges BSE and NSE will suspend trading in shares of cafe chain operator Coffee Day Enterprises and fraud-hit CG Power and Industrial Solutions from February 3 for not complying with listing norms pertaining to submission of quarterly financial results.</p>.<p class="bodytext">However, if companies comply with the provisions of listing norms on or before January 29, trading in its securities will not be suspended, BSE and NSE said in separate circulars.</p>.<p class="bodytext">The exchanges said these firms have not submitted the financial results for June 2019 and September 2019 quarter and/or not paid the fine amount levied for the non-compliance, as required under the listing norms of Securities and Exchange Board of India (Sebi).</p>.<p class="bodytext">Consequently, trading in securities of these companies will be suspended with effect from February 3, 2020 "on account of non-compliance with Regulation 33 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters -- June 2019 and September 2019."</p>.<p class="bodytext">Regulation 33 pertains to submission of financial results.</p>.<p class="bodytext">Also, the entire promoter shareholding of the firms have been frozen from January 10, till further notice, the exchanges said.</p>
<p class="title">Leading stock exchanges BSE and NSE will suspend trading in shares of cafe chain operator Coffee Day Enterprises and fraud-hit CG Power and Industrial Solutions from February 3 for not complying with listing norms pertaining to submission of quarterly financial results.</p>.<p class="bodytext">However, if companies comply with the provisions of listing norms on or before January 29, trading in its securities will not be suspended, BSE and NSE said in separate circulars.</p>.<p class="bodytext">The exchanges said these firms have not submitted the financial results for June 2019 and September 2019 quarter and/or not paid the fine amount levied for the non-compliance, as required under the listing norms of Securities and Exchange Board of India (Sebi).</p>.<p class="bodytext">Consequently, trading in securities of these companies will be suspended with effect from February 3, 2020 "on account of non-compliance with Regulation 33 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters -- June 2019 and September 2019."</p>.<p class="bodytext">Regulation 33 pertains to submission of financial results.</p>.<p class="bodytext">Also, the entire promoter shareholding of the firms have been frozen from January 10, till further notice, the exchanges said.</p>