The move is aimed at ensuring safety of investors in the capital market.
"Based on the parameters provided by Sebi and under provisions of rules, bye-laws and regulation of the exchange, as an interim preventive and remedial measure and to maintain orderly development in the securities market, trading in the securities of the (40) companies will be suspended with effect from August 27, 2015 until further notice," BSE said.
Apart from Gujchem Distillers India and Zodiac Ventures, trading would be suspended in Alpha Hi-tech Fuel, Venus Universal, Aplaya Creations, Rudraksh Cap-Tech, Radhe Developers India, Corporate Courier and Cargo.