In separate circulars on Friday, the exchanges said the company has complied with the formalities for voluntary delisting of equity shares.
Accordingly, the trading in the equity shares of Prabhat Dairy Limited will be discontinued with effect from April 23, 2021.
The scrip will be delisted from the exchange records from, April 30, 2021.
In December 2020, markets regulator Sebi granted a six-month extension to Prabhat Dairy to complete the delisting process.
The company received shareholders' nod for delisting the company on October 14, 2019.
In October 2020, Prabhat Dairy had requested Sebi for a six-month extension for filing the final application for delisting, citing the nationwide lockdown that was imposed in March last year as a reason.
Under the Sebi norms, a company is required to make the final application to the stock exchanges for delisting within one year of passing the special resolution.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.