BSE receives 854 investor complaints in H1 FY17; fixes 683

Leading stock exchange BSE has received 854 complaints against 735 companies pertaining to non-receipt of shares and debt securities, among others, in the first half of the ongoing fiscal.

The exchange has resolved 683 grievances against 546 listed companies in the April-September period, as per the data compiled from the exchange’s website.

Complaints made against the firms included non-receipt of money, shares, demat as well as physical, non-receipt of debt securities, corporate benefits, entitlements and interest.

Of the total complaints received, 785 were against active companies while 69 were against suspended firms.

Out of the total complaints resolved, 633 were against active companies whereas 50 were against suspended firms.

At the end of September Vatsa Corporation, with 1,080 complaints, had the highest number of complaints still pending against it.

Companies with pending investor complaints as of October end, include Montari Industries, Arihant Industries, Enkay Texfoods Industries, Montari Leather, Mukerian Papers, Pentafour Products, Lan Eseda Industries, Geodesic Ltd.

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