RRR Ltd. is a listed company. It has not satisfied the requirements of listing agreement with the Recognized Stock Exchange. The Stock Exchange decided for compulsory delisting of the securities from the trading platform

Yes, a Recognized Stock Exchange can initiate compulsory delisting of shares of a company. As per Regulation 32(1) of the SEBI (Delisting of Equity Shares) Regulations, 2021, a Recognized Stock Exchange may, by a reasoned order, delist equity shares of a company on any of the grounds prescribed in the rules specified under the Securities Contracts (Regulation) Act, 1956. However, such an order cannot be issued unless the company has been given a reasonable opportunity of being heard. Since RRR Ltd. has not satisfied the requirements of the listing agreement, the Stock Exchange has valid grounds to initiate compulsory delisting.