Calcutta Stock Exchange Marathi News: Being one of the oldest stock exchanges in the country Calcutta Stock Exchange (CSE) may celebrate the last Diwali of this year. The process of voluntary winding up has reached its final stage. Trading on the CSE has been suspended since April 2013 due to continued non-compliance with SEBI regulations. After years of legal battles and attempts to resume operations, the exchange has now officially decided to exit the stock exchange business.
President of CSE Dipankar Bose Said shareholders approved the exit proposal at the special general meeting (EGM) held in April 2025. Thereafter, the application is forwarded to SEBI and the regulator for evaluation of Rajvanshi & Associates Appointment is made, which is considered as the final formality.
After receiving SEBI’s approval, CSE will become a holding company. Its 100% owned subsidiary, CSE Capital Markets Private Limited (CCMPL), will continue to provide broking services as a member of NSE and BSE.
Sebi has approved the sale of three acres of CSE’s land on EM Bypass to Sreejan Group for ₹253 crore. This Agreement shall become effective upon completion of the exit process.
Established in 1908, CSE once rivaled Bombay Stock Exchange in Bombay in terms of trading volume. However, in the 2000s, the exchange’s reputation was severely tarnished by a Rs 1.2 billion payment crisis to the Ketan Parekh scam. Trading gradually declined and SEBI suspended its operations in 2013.
In December 2024, the board decided to withdraw all pending cases and voluntarily quit the job. A Voluntary Retirement Scheme (VRS) of Rs 20.95 crore was offered, which was accepted by all the employees.
The exit of the CSE marks the end of an important chapter in the history of India’s regional exchanges. These once vibrant exchanges have now receded in the era of electronic platforms and regulatory rigour.
CSE Chairman Dipankar Bose wrote in his annual report – “CSE has played an important role in strengthening India’s capital markets.”
