Avance Technologies has informed that it has been receiving several calls / emails from the shareholders since morning regarding the suspension of trading in securities of the company from today. Also, the company page on stock exchange reflects as the trading in securities of the company is suspended due to procedural reasons. The company has discussed this issue with the officials of the exchange and has been informed that the Exchange has introduced a new surveillance mechanism ‘Enhanced Surveillance Measure’ (ESM) based on which the trading in securities of certain companies is temporarily restricted. In reference to the Exchange notice no. 20230614-42 dated June 14, 2023, in the below mentioned link, for further information: https:Uwww.bseindia.com/markets/Marketlnfo/DispNewNoticesCirculars.aspx?page=20230614-42 It also clarified that there is no non-compliance / violation by the company due to which the securities are included in the ESM framework.
The above information is a part of company’s filings submitted to BSE.
