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NOTICES
Notice No.   20141107-40   Notice Date   07 Nov 2014
Category   Company related   Segment   Equity
Subject   Suspension of trading in securities of companies for non-compliances of certain clauses of the Listing Agreement
 
Content

Sub: Suspension of trading in securities of companies for non-compliances of certain clauses of the Listing Agreement

 

Pursuant to the provisions of Circular no. CIR/MRD/DSA/31/2013 dated September 30, 2013 issued by Securities and Exchange Board of India (SEBI) and Exchange Notice No. 20140117-20 dated January 17, 2014 with respect to Standard Operating Procedure (SOP) for suspension and revocation of equity shares of listed entities for non-compliance of certain clauses of the Listing Agreement, Trading members are requested to note that the following will be effected:

 

1)    Trading in securities of the undermentioned companies will be suspended w.e.f. December 1, 2014 (being 21 days from issue of this notice); on account of non-compliance with Clause 41 of the Listing Agreement and/or Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 for two consecutive quarters i.e., March 2014 and June, 2014.

 

Sr. No.

Scrip code

Company name

1

502294

Nilachal Refractories Ltd

2

508982

Linkson International Ltd

3

511503

Secure Earth Technologies Ltd

4

512397

Ratan Glitter Industries Ltd

5

518017

Bheema Cements Ltd

6

524760

Arvind International Ltd

7

526473

Elegant Floriculture & Agrotech India Ltd

8

526691

Pretto Leather Industries Ltd

9

526879

UT Ltd

10

531017

Arihants Securities Ltd

11

531627

Raghava Estates and Properties Ltd

12

532311

Tutis Technologies Ltd

13

532338

Valuemart Info Technologies Ltd

14

532607

Ontrack Systems Ltd

15

532995

Avon Corporation Ltd

16

533469

Birla Pacific Medspa Ltd

17

500046

Best & Crompton Engineering Ltd

18

509992

UB Engineering Ltd

19

532747

Kingfisher Airlines Ltd

20

532917

Varun Industries Ltd

21

501209

Maestros Mediline Systems Ltd.-$

 

2)    Freezing of the entire promoter shareholding of the aforesaid companies wef  November 7, 2014 till further notice.

 

Trading Members may further note that:

 

a)    In case, any of the aforesaid companies comply (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement including payment of fines on or before November 25, 2014; trading in securities of the said companies will not be suspended.

 

b)    However, in case the aforesaid companies fail to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before November 25, 2014; then :-

 

·         Trading in the securities of the companies would be suspended wef December 1, 2014 and the suspension will continue till such time the Company complies including payment of fine.

·         15 days after suspension has been effected, trading in the shares of non-compliant companies would be allowed on Trade for Trade basis in Z group only on the first trading day of every week for six months.

·         Revocation of suspension would be subject to the companies further complying with the procedure and all extant norms prescribed for revocation of suspension.

 

The following companies are non-compliant with Clauses 35 and/or Clause 49 and Clause 41 of the Listing Agreement and or/ Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 for consecutive quarters ending i.e., March 2014 and June, 2014.

 

  • If the said companies do not comply (including payment of fine) with both the Clauses 35 and/or Clause 49 of the Listing Agreement for both the quarters i.e., March 2014 and June, 2014, the date of suspension for the said companies as per the provisions of Notice No. 20141027-21 would be November 18, 2014.

 

  • If the companies comply with Clauses 35 and/or Clause 49 of the Listing Agreement (including payment of fines) and are non- complaint for Clause 41 of the Listing Agreement and or/ Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 then the suspension date for the following companies would be December 1 , 2014.

 

Sr. No.

Scrip code

Company name

1

503780

NRC Ltd.

2

532093

Venkat Pharma Ltd.

 

 

 

 

 

 

For further clarification on the above, you may please contact Mr. Sambhaji Solat on Tel No. 22728074 /Ms. Anshu Shrivastava on 22728534/22728819 or email at bse.revocation@bseindia.com.

 

 

 

Netra Sahani                                                                                      Abhijit Pai

Dy. General Manager                                                                       Asst. General Manager

 

 

November 7, 2014