Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) are planning to suspend trading in shares of Coffee Day Enterprises from February 3 for not complying with listing norms pertaining to submission of quarterly financial results. However, if the company complies with the provisions of listing norms on or before January 29, trading in its securities will not be suspended.
The company had not submitted the financial results for June 2019 and September 2019 quarter and not paid the fine amount levied for the non-compliance, as required under the listing norms of Securities and Exchange Board of India (Sebi).
Coffee Day Enterprises is the parent company of the Coffee Day Group, which houses Cafe Coffee Day that pioneered the coffee culture in the chained cafe segment in India.
