Suspended Companies Shares
Empowering Early Investment Opportunities in India
What are Suspended Shares?
Suspended shares are shares of a company whose trading has been temporarily stopped on stock exchanges like
- BSE Limited
- National Stock Exchange of India
Investors cannot buy or sell these shares during suspension.
SUSPENDED SHARES
| No | Company | Sector | Status | Insight |
|---|---|---|---|---|
| 1 | Ricoh India | IT | Revival | Accounting fraud → restructuring |
| 2 | Unitech Limited | Real Estate | Revival | Govt-backed restructuring |
| 3 | Vakrangee Limited | FinTech | Partial | Surveillance restrictions |
| 4 | Quasar India Ltd | Misc | Possible | Suspended under surveillance (BSE India) |
| 5 | Kailash Auto Finance Ltd | NBFC | Possible | Regulatory issues (BSE India) |
| 6 | Western India Shipyard Ltd | Infra | Uncertain | Financial stress (BSE India) |
| 7 | Murli Industries Ltd | Cement | Uncertain | Debt issues (BSE India) |
| 8 | Duncans Industries Ltd | FMCG | Weak | Operational shutdown (BSE India) |
| 9 | Innoventive Ventures Ltd | Engineering | Weak | Insolvency risk (BSE India) |
| 10 | Gangotri Iron & Steel Company Ltd | Steel | Weak | Debt crisis (BSE India) |
| 11 | Aakar Engineering | Industrial | Dead | |
| 12 | Aankit Granites | Construction | Dead | |
| 13 | Aasheesh Securities | Finance | Dead | |
| 14 | Abacus Computers | IT | Dead | |
| 15 | Abee Printer Ribbons | Manufacturing | Dead | |
| 16 | Abner Pharma | Pharma | Dead | |
| 17 | Adam Comsof | IT | Dead | |
| 18 | Adarsh Chemicals | Chemicals | Dead | |
| 19 | Add-Life Pharma | Pharma | Dead | |
| 20 | Adhunik Synthetics | Textile | Dead | |
| 21 | Adhunik Yarns | Textile | Dead | |
| 22 | Aditya Polymers | Plastic | Dead | |
| 23 | Aditya Spinners | Textile | Dead | |
| 24 | Advance Multitech | Industrial | Dead | |
| 25 | Advance Petrochemicals | Chemicals | Dead | |
| 26 | AEC Enterprises | Industrial | Dead | |
| 27 | Agri Marine Exports | Agro | Dead | |
| 28 | AGS Infotech | IT | Dead | |
| 29 | Ahmedabad Gases | Gas | Dead | |
| 30 | Ahura Welding | Industrial | Dead | |
| 31 | AJ Brothers | Trading | Dead | |
| 32 | Akai Impex | Trading | Dead | |
| 33 | Akar Laminators | Industrial | Dead | |
| 34 | Akash Agencies | Trading | Dead | |
| 35 | Alacrity Electronics | Electronics | Dead | |
| 36 | Alacrity Housing | Real Estate | Dead | |
| 37 | Alang Marine | Shipbreaking | Dead | |
| 38 | Alcoblex Metals | Metals | Dead | |
| 39 | Alert Petrogas | Oil & Gas | Dead | |
| 40 | Alexcon Foamcast | Industrial | Dead | |
| 41 | All Metal Process | Metals | Dead | |
| 42 | Allsoft Corporation | IT | Dead | |
| 43 | Alpic Finance | NBFC | Dead | |
| 44 | Alpine Capital Services | Finance | Dead | |
| 45 | Alps Infosys | IT | Dead | |
| 46 | Alsa Marine | Marine | Dead | |
| 47 | Aman Financial Services | NBFC | Dead | |
| 48 | Ambuja Electrocastings | Metals | Dead | |
| 49 | Ambuja Zinc | Metals | Dead | |
| 50 | Ami Computers | IT | Dead |
Who Suspends Shares?
Suspension is done by:
- Stock Exchanges (BSE / NSE)
- Securities and Exchange Board of India
Major Reasons for Suspension
1. Non-Compliance
- Not filing financial results
- Not following listing rules
Most common reason in India
2. Financial Irregularities / Fraud
- Fake accounts
- Misreporting
3. Non-Payment of Listing Fees
Company fails to pay exchange fees
4. Corporate Governance Issues
- Board disputes
- Auditor resignations
5. Shell Company Identification
- Suspected money laundering
- Used for illegal transactions
6. Merger / Restructuring Process
Temporary suspension during corporate actions
What Happens After Suspension?
| Situation | Outcome |
|---|---|
|
Compliance fixed |
Trading resumes |
|
Long-term default |
Delisting |
|
Insolvency |
Shares become worthless |
STRONG REAL EXAMPLES (INDIA)
1. Satyam Computer Services
- Suspended after accounting fraud (2009)
- Later revived as Tech Mahindra
Example of fraud → suspension → revival
2. ABG Shipyard
- Suspended due to debt crisis
- Went into insolvency
Investors lost almost entire value
3. Kingfisher Airlines
- Suspended due to financial collapse
- Eventually shut down
4. PC Jeweller (temporary issues)
- Faced trading restrictions & scrutiny
- Price collapsed sharply
5. DHFL
- Suspended before insolvency proceedings
- Eventually resolved under IBC
6. Vakrangee Limited
Trading restrictions due to volatility concerns
7. 8K Miles Software Services
Suspended for non-compliance
8. Unitech Limited
Suspended due to legal & financial issues
9. Winsome Diamonds
Fraud allegations → suspension
10. Ricoh India
Accounting irregularities
IMPACT ON INVESTORS
Major Risks:
- No liquidity (cannot sell shares)
- Capital stuck for years
- Value may go to zero
Possible Opportunities:
- Revival cases (rare but profitable)
- Example:
o Satyam → Tech Mahindra turnaround
REALITY CHECK (VERY IMPORTANT)
80–90% suspended companies:
- Either never recover
- Or become delisted / worthless
Only a few:
- Get revived
- Create wealth
EMPIRE ADVISORS – YOUR EDGE IN HIDDEN MARKETS
What We Do
At Empire Advisors, we specialise in:
✔️ Suspended & Delisted Share Tracking
✔️ Revival Opportunity Identification
✔️ Pre-IPO & Hidden Value Stocks