BSECompany Update3h ago · 22 Jul 2026, 03:28 pm
Update on Meeting with BSE officials regarding pending applications
TeleCanor Global Ltd · 530595
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TeleCanor Global Ltd has met with BSE officials regarding pending applications, including listing approval and share issue, and requested expedited processing and refund of processing fees.
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TeleCanor Global Ltd - 530595 - Update On Meeting With BSE Officials Regarding Pending Applications
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22.07.2026
Hyderabad
Corporate Compliance Department
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001
Sub: Submission of Corporate Announcement under Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 – Update on Meeting with BSE
Officials regarding Pending Applications
Ref: Scrip Code: 530595 | Scrip ID: TELECANOR
Dear Sir/Madam,
The Company wishes to inform the Stock Exchange that it has been continuously following up
with the Stock Exchange with regard to the pending applications submitted by the Company,
including the application for in-principle approval for issue of fresh shares and listing approval
in respect of the securities already issued by the Company, for the past several months.
The Company has also been receiving continuous enquiries and follow-ups from its investors
and stakeholders regarding the status of the pending listing application and the consequent
delay in listing of the securities. The prolonged pendency of the applications has caused
considerable uncertainty among the investors and stakeholders of the Company.
Further, the Company regrets to state that, owing to the prolonged pendency of the in-principle
approval, the Company has also lost the interest of certain prospective investors who had
earlier expressed their willingness and readiness to invest in the Company, details of which
were disclosed in the Extraordinary General Meeting held on 06.03.2026 (Proposed Investment
of approximately Rs. 21.78 crore). The Company believes that the prolonged period for which
the in-principle approval remained pending, without any clear or specific communication
regarding the reasons for such pendency, has adversely affected the Company's ability to pursue
and secure such proposed investments.
After continuous follow ups in this regard, the Company was invited by the Stock Exchange for a
meeting on 20.07.2026, which was attended by the Managing Director of the Company, Mr. S.
Gopalan, Executive Director, Mr. Vishal Jhaveri, Deputy Chief Regulatory Officer - Issuer
Oversight and other officials of the Stock Exchange. During the said meeting, the Managing
Director of the Company, inter alia, apprised the officials of the Stock Exchange of the following
matters:
TeleCanor Global Limited
1. Refund of Processing Fees: The Company requested that the processing fee paid in respect
of the preferential issue, for which the processing has not been undertaken, be refunded to
the Company as the investors no longer wish to participate in the said issue.
2. Expeditious Processing of Listing Application: The Company requested the Stock
Exchange to expedite the processing and approval of the pending listing application and the
related applications, which have remained pending for a considerable period, causing
significant hardship and uncertainty to the Company and its investors.
3. Transparency in Application Status: The Company requested the Stock Exchange to
consider providing a public-facing portal or suitable mechanism through which the status
and progress of applications submitted by listed companies can be viewed and tracked,
thereby facilitating greater transparency and enabling companies and other stakeholders to
monitor the progress of their applications.
The Company further wishes to state that, as on the date of this intimation, the Company is yet
to receive any further communication or update from the Stock Exchange subsequent to the
aforesaid meeting.
The Company continues to pursue the matter with the Stock Exchange and remains hopeful that
the pending applications will be considered and processed expeditiously in the interest of the
Company and its investors and stakeholders.
The Company shall make further disclosures, as may be required, upon receipt of any
communication or update in this regard.
You are requested to kindly take the same on your records and disseminate the information on
your website.
Thanking you,
Yours faithfully,
For TeleCanor Global Limited
Swetha Pilli
Whole Time Director
DIN: 06397865
TeleCanor Global Limited