InvestorQ : Why are CG Power and Coffee Day likely to be delisted from the stock exchanges from next month?
sara Kunju made post

Why are CG Power and Coffee Day likely to be delisted from the stock exchanges from next month?

Answer
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8 months ago


You may recollect that both companies have been facing financial problems in the last few months. As per the listing agreement with the stock exchanges companies need to regularly declare their quarterly results to be eligible to remain listed on the stock exchanges. Both Coffee Day and CG Power have not announced their last quarterly results due to internal problems with the company. Hence these companies have been warned that if they fail to declare their results then they would be delisted from February 03, 2020. However, the exchanges have given these companies time till January 29 to declare their quarterly results failing which these shares will be delisted from the stock exchanges for violation of the listing agreement with the stock exchanges.