Speaking to FE, Amit Bhilodi, acting executive director, SKSE, said that around 200 companies were listed on the SKSE. Of these, nearly 50-60 companies resorted to delisting in the wake of a Securities and Exchange Board of India (Sebi) directive that mentioned that any company willing to list itself on the national exchanges need not list itself on regional stock exchanges.
Of the remaining companies, around 170 companies have not paid the listing fees for the past 3-6 years. Even Sebi noted the fact that the exchange had not collected listing fees and directed it to step up efforts to recover outstanding listing fees.
SKSE tried to convince the errant companies to pay the fee, but it was of no avail. Following this, the exchange served a notice. Bhilodi said that the errant companies were situated outside Saurashtra.
Nearly 50 notices have returned undelivered, which indicates that these companies have shut shop without due notice. He said that a few companies would be punished.