BSE Reports Resolution of 150 Investor Complaints in February Amid New Grievances
Synopsis
Key Takeaways
New Delhi, March 2 (NationPress) - BSE Limited announced on Monday that it successfully resolved 150 investor complaints related to 114 different companies throughout February. This number includes complaints that were carried over from earlier months.
During this period, the exchange also received 113 new complaints concerning 94 companies. For context, in December, BSE had managed to resolve 109 complaints involving 92 companies while receiving 141 complaints against 113 companies in the previous month.
As of the end of February, there were three companies that had the most complaints unresolved for over a month.
JSW Steel Limited led the pack with six outstanding complaints, followed closely by Allcargo Logistics Ltd with five. Superior Industrial Enterprises Limited had three complaints pending for more than a month.
In December, the leading companies with unresolved complaints included JSW Steel Limited, Madhuveer Com 18 Network Limited, and Dhani Services Limited.
Back in September, BSE had resolved 190 complaints against 126 companies while also receiving 173 new ones. The companies with the most unresolved complaints at that time were Suraj Products Limited, Bajaj Auto Limited, and Reliance Home Finance Limited.
Furthermore, in October, the exchange addressed 143 investor complaints related to 90 companies, including those carried over, while receiving 120 new complaints against 81 companies.
The most recent data shows an improvement in the resolution of complaints compared to December, with a higher number of disposals and a decrease in new complaints in February.
BSE had previously warned investors about an individual named Aditya Rishab Mishra for allegedly offering unauthorized services, advising investors to avoid any products he promotes. The exchange also urged investors not to disclose their trading credentials such as user IDs and passwords for trading or managing portfolios.
They reiterated that such unauthorized schemes present significant risks and do not provide adequate investor protection or dispute resolution options.