Order in the matter of Delisting of Equity Shares of Vishva Vishal Engineering Ltd.

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Last updated: 20 November 2020
Quick Summary
This order from SEBI addresses the application by Vishva Vishal Engineering Limited (VVEL) to voluntarily delist its equity shares. VVEL sought exemption from minimum public shareholding norms, citing reasons such as no public trading since 1994, 100% promoter holding since 2001, and suspension of trading by BSE since 2004. The company argued that complying with public shareholding requirements was practically impossible and expressed a desire to delist without penalty.

Court :
SEBI

Brief :
Vishva Vishal Engineering Limited (“VVEL” / “Applicant” / “the company”) is a public limited company incorporated in March 1985. Its equity shares got listed at BSE Ltd. (“BSE”) during the financial year 1985-86.

Citation :
WTM/GM/CFD/CMD1/46/2020-21

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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