The exchanges, in November, had suspended trading in shares of these two Vijay Mallya-led UB Group companies.
However, the bourses had allowed trading in these firms on restricted basis or in 'Trade for Trade basis in Z group' only on the first trading day of every week for six months. This was permitted only 15 days after suspension had came into effect.
"The time period of the mandated six months has been completed, the trading in the shares of the non-compliant companies on Trade for Trade basis on the first trading day of every week will be discontinued with effect from June 23, 2015," the exchanges said in separate circulars.
The suspension follows SEBI guidelines with respect to Standard Operating Procedure (SOP) for suspension and revocation of trading of shares of listed entities for noncompliance of the Listing Agreement that a listed company needs to follow pursuant to its shares getting listed and traded on a stock exchange.
Shares of Kingfisher, once touted as most luxurious airline in India, are currently trading below Rs 2 apiece and its market capitalisation now stands at just about Rs 107 crore. At one point of time, before financial troubles began and led to its grounding in October 2012, the company carried a market valuation of close to Rs 10,000 crore.
In Kingfisher, promoters have just 8.54 per cent stake, while public holding stands very high at 91.46 per cent.
Along with Kingfisher and infrastructure firm UB Engineering, NSE said that trading in shares of Varun Industries on restricted basis will also be discontinued.