NSE, BSE declare Anugrah Stock as defaulter, expel from memberships

Leading stock exchanges BSE and NSE have declared Anugrah Stock & Broking as a defaulter and have expelled the brokerage house from respective memberships.
The move comes days after a similar action was taken by the stock exchanges against Karvy Stock Broking.
“The exchange has declared Anugrah Stock & Broking Pvt Ltd, a corporate trading member, of the exchange as defaulter… also expelled the said trading member… with effect from November 27, 2020,” BSE said in a circular on Friday.
Investors having any outstanding claims against the brokerage house have been asked to file their claims with the exchange within 90 days (by February 25, 2021), it added.
In a separate circular on Thursday, NSE said the trading member has been “expelled from the membership of the exchange… and has been declared as defaulter… with effect from November 26, 2020, after close of market hours”.
On November 13, markets regulator Sebi suspended Anugrah Stock & Broking Pvt Ltd (ASBPL) till …