In a circular, BSE said it would shift 12 scrips to the 'Z' group, wherein their scrips would be settled on trade- for-trade basis.
Under the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The stocks to be moved to 'Z' group include Aadi Industries, Gold Rock Investments, Kanika Infotech, Kansal Fibres, Kohinoor Techno Engineers, Mukesh Strips, Omnitech InfoSolutions, Paras Petrofils, SB&T International, SGN Telecoms, Suryodaya Investment & Trading Company and Tej Infoways.
Regulation 34 pertains to submission of the annual report to the stock exchanges within the stipulated period.
The 'Z' group includes companies which have failed to comply with the listing requirements and/or have failed to resolve investor complaints and/or have not made the required arrangements with the depositories - CDSL and NSDL - for dematerialisation of their securities.