New Delhi, April 11 -- Shares of Bharat Global Developer Ltd (BGDL) resumed trading this morning after being suspended for more than three months and immediately hit the 5% lower circuit filter. Only about 200 shares were traded in the first two hours. But the more than 60,000 retail investors who hold about a 2% stake in the company could suffer more losses if Bharat Global's share price declines further.

The Securities and Exchange Board of India ordered atrading suspension on BGDL on 23 December following an investigation that found significant irregularities in the company's financials and operations. The probe was initiated because of allegations of financial misrepresentation, misleading disclosures, and price manipulation by the c...