In December 2024, the CSE board decided to withdraw all ongoing cases pending before the Calcutta High Court and the Supreme Court, choosing instead to seek a voluntary exit. The exchange formally applied to SEBI on Feb. 18, receiving shareholder approval on April 25.
As part of its restructuring, the CSE launched a Voluntary Retirement Scheme (VRS) for all employees, offering a one-time payout of Rs 20.95 crore. The move is expected to save around Rs 10 crore annually. All staff accepted the offer, with a few retained on a contractual basis for compliance functions.
The CSE’s closure marks the end of an era for India’s regional stock exchanges, which once thrived before trading activity consolidated around Mumbai’s electronic platforms.
