Securities Appellate Tribunal (SAT) Order passed on dated 17-03-2026 for restoration of listing.
REGULATORY
▲ Positive Development
HIGH RISK
📅 Filed on BSE: 10 Apr 2026, 10:30 AM IST · BSE ID: 6c4b76c2-26e5-402b-b9ec-c361a3b9d9cf
View Original BSE Filing (PDF)
💡
In Simple Terms
A court ordered the stock exchange to restore KD Leisures Ltd's trading after the company paid all outstanding fines and fixed compliance breaches.
🤖 AI Summary
- SAT ordered immediate restoration of KD Leisures Ltd listing on BSE dated 17 March 2026
- Company complied with all LODR shortfalls and paid outstanding SOP fines, annual listing fees, processing and reinstatement fees
- BSE had suspended and directed delisting in August 2024 and October 2024 for LODR non-compliance
- Four-week deadline for revocation of suspension; automatic delisting restoration if non-compliance continues
- Promoter and promoter group demat accounts remain frozen until suspension fully revoked
🔢 Key Numbers — exact figures from BSE filing, not rounded
SAT Order Date
17 March 2026
Original BSE Suspension Order
22 August 2024
BSE Delisting Direction Letter
23 October 2024
Suspension Revocation Deadline
Four weeks from listing restoration
🏢 How This Affects the Company
Listing restoration removes trading suspension, allowing shareholders to buy and sell shares on BSE. Business continuity on exchange platform is restored pending ongoing LODR compliance.
Company paid all outstanding Statement of Obligation fines, annual listing fees, processing fees and reinstatement fees to BSE. Exact amounts not specified in filing.
Promoter and promoter group demat accounts remain frozen until suspension revocation is completed within four weeks. Normal trading operations can resume if suspension fully revoked.
Automatic delisting restoration applies if company fails to achieve revocation of suspension within four-week deadline. Ongoing LODR compliance failure risk remains material given history of defaults.
👥 What This Means For Shareholders
✅
Action Required
Monitor BSE announcements for suspension revocation confirmation within four weeks. Ensure shareholding remains registered in demat accounts during this period.
👤
Who Is Affected
All KD Leisures Ltd shareholders gain trading access restoration on BSE. Promoter and promoter group shareholders specifically affected by demat account freeze until suspension revocation.
🔍
Management Signal
Management compliance action demonstrates responsiveness to regulatory orders. Four-week deadline acceptance signals confidence in achieving suspension revocation within timeframe set by court.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
BSE announcement of suspension revocation within four weeks from 17 March 2026
Demat account defreezing of promoter and promoter group after suspension revocation
LODR compliance filing updates confirming ongoing regulatory adherence post-restoration
HIGH RISK
Automatic delisting restoration triggers if company fails to achieve suspension revocation within four weeks. Prior history of LODR non-compliance leading to suspension and delisting direction indicates systematic governance gaps.
💡 Investor Takeaway
SAT restored KD Leisures Ltd's BSE listing after company paid all outstanding fines and fees and satisfied LODR shortfalls. Four-week deadline for full suspension revocation; failure triggers automatic delisting. Promoter accounts remain frozen until revocation complete.
⚖️ Strengths & Concerns
✅ Positives
- SAT confirmed company has satisfied all LODR shortfalls and paid all outstanding fees and fines completely
- Listing restoration ordered immediately, restoring shareholder liquidity and market access on BSE platform
⚠️ Concerns
- Company must achieve full suspension revocation within four weeks or automatic delisting restoration triggers
- Promoter demat accounts remain frozen pending suspension revocation, limiting promoter share sale flexibility