SEBI Extends Supersession of Bhubaneswar Stock Exchange Management for Six Months to Continue Reforms and Demutualization Process.

The Securities and Exchange Board of India (SEBI) has extended the supersession of the Council of Management of the Bhubaneswar Stock Exchange for an additional six months starting January 3, 2004. This extension is due to ongoing efforts to address issues at the Exchange, the need for sustained follow-up actions, and the time required for the election and establishment of a new Council, as well as the demutualization process. Shri Jai Prakash Verma, IPS (Retd.), will continue as Administrator, exercising all powers and duties of the Council during this extended period.

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