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Media Release

 

Suspension of Companies for Non-submission of Quarterly Results

The Exchange regularly monitors status of Issuer compliance to various requirements of the Listing Agreement. It has been observed that there are 27 companies (list enclosed), which have failed to submit quarterly results for the quarters ending September and December 2002 as per the requirements of Clause 41 of the Listing Agreement. The said companies were issued show cause notices and reminders. However, the companies have failed to comply with the requirements of Clause 41 of the Listing Agreement.

In the circumstances, the Exchange has decided to suspend trading in the securities of the said 27 companies w.e.f June 02, 2003 until further notice.

Dr. Bandi Ram Prasad
Chief Economist & G.M - Corporate Communications

 May 23, 2003



List of Companies to be Suspended

Sr. No.

SCRIPCODE

 

COMPANY NAME

1

504390

*

Arun Varun Trade & Investment Ltd.,

2

512404

 

Bengal Steel Industries Ltd.,

3

517330

 

CMI Ltd.

4

522041

*

Continental Valve Ltd

5

531367

 

Dollex Industries Ltd.

6

513452

 

Elango Industries Ltd

7

526624

 

Elbee Services Ltd.

8

531754

 

Fintech Communication Ltd.

9

532037

 

Giriraj Print Plast Ltd.

10

521129

 

Gujarat Texspin Ltd.

11

506987

 

Gwalior Polypipes Ltd.,

12

509084

*

Hifco Marvel Ltd

13

504784

 

Indore Wire Co. Ltd.,

14

512111

*

Jahanri Trades & Finance Ltd.,

15

530187

 

Jaju Enterprises Ltd.

16

511417

*

Leasing Finance India Ltd.

17

530811

 

Netvista Information Tech. Ltd

18

526570

 

Nova Granites (India) ltd.

19

516110

 

Pharma Com (India) Ltd

20

524671

 

Pinky Chemicals Ltd.

21

530917

*

R.R.Securities Ltd.

22

511153

*

Raasi Finance & Investment Ltd.

23

531704

 

Rockline Project Ltd.

24

500377

 

Satyam Cement Ltd.

25

526843

 

Seax Leather Exports Ltd.

26

518071

 

Somani Cements Co, Ltd

27

500395

 

Southern Herbals Ltd

* Out of 27 Companies, trading in the scrips of 7 companies ( marked " * ") are
  already suspended by the Exchange for various other violations.
 

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