Friday, 2 June 2017


The Pune Stock Exchange of India was established in Year 1982.Pune stock exchange established a subsidiary that is PSE Securities Limited (PSESL) in Year 1999 to provide member opportunity to deal and trade in securities listed on NSE/BSE and act as a sub-broker. PSE Securities i.e PSESL is also a depository participant to CDSL.

The Madhya Pradesh Stock Exchange (known as MPSE) was established in Year 1919, Indore, M.P. MPSE was the third largest stock exchange established in India. MPSE has its subsidiary MPSE Securities Limited (MPSEL), established in Year 2006 to carry out trading operations for the member in regards to stock listed on BSE and NSE. 

 With SEBI (I.E Securities and Exchange Board of India) circular No. CIR/ MRD/ DSA/ 14/ 2012 dated 30th May, 2012 all the regional stock exchanges was closed down. All the Regional Stock Exchanges were provided an exit option to the de-recognised stock exchanges and recognised stock exchanges seeking voluntary surrender of recognition ("exiting RSEs") as per the SEBI order. Companies listed exclusively on exiting or de-recognised RSEs will be required to seek listing on atleast any other RSE that is not seeking de-recognition and exit in terms of the aforesaid SEBI Circular. As per the aforesaid SEBI Circular, companies failing to list on any other RSE, such companies will be treated as an unlisted company and shall be moved to Dissemination Board (DB) by such exiting or de-recognised RSE.

(Read full order of SEBI For Pune & MPSE Stock Exchanges)

SEBI has directed all exchanges that do not possess a trading platform with an annual turnover of at least ₹1,000 crore and a net worth of ₹100 crore, and that do not have a tie-up with a clearing corporation, to exit. On de-recognition of Pune and Madhya Pradesh Stock Exchange in 2015, SEBI registration certificates as Trading Members of Exchange stand canceled.

PSE & MPSE had many valuable and noteworthy companies with strong financial background and management control. Some of these PSE listed companies got listed on national wide stock exchanges i.e BSE(Bombay Stock Exchange), NSE(National Stock Exchange), Metropolitan Stock Exchange or Kolkata Stock Exchange. Many companies have also come out with buy back offer for their shareholders to provide them liquidity option.

ADVANTAGES OF SHAREHOLDERS: De-recognized/ regional/ dash board companies are more beneficial source of investment since these companies have to be compulsorily come out with either buy back ie exit offer for investors or list themselves on recognized national level exchanges. Thus Investors have a good opportunities to be the part of valuable stock on such exchanges and get a short term exit route. SEBI has been receiving representations seeking clarifications on raising of further capital and the process of exit of ELCs from the DB. Therefore, in the interest of the investors of such ELCs, it is decided to extend the time to submit the plan of action till June 30, 2017.

List of Pune Stock Exchange (PSE) Listed Companies:-
Schneider Electric President Systems Limited
Nemi Leasing And Finance ltd
The Mysore Kirloskar Limited

List of Madhya Pradesh Stock Exchange (MPSE) Listed Companies-
Satya Shyam Trading Limited
BAAZ Trading and Investment Limited
Chetak Construction Ltd.
Everfresh Foods Ltd.
Jayant Vitamins Ltd.
Rajasthan Polyvin Tubes Ltd.
Refco Appliances Ltd.
Saurabh Alloy Casting Ltd.
Sunita Finlease Ltd.
Unial Kem Fertilizers Ltd.
Dhar Cement Ltd.
G.M.Mittal Stainless Steels Ltd.
Janak Intermediates Ltd.
Kabra Agro Industries Ltd.
Rajkumar Mills Ltd.
Tri-Star Soya Products Ltd.

For buying and selling any unquoted / unlisted / delisted or suspended shares in physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on

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