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.
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Sr. No.
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Scrip code
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Company name
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1
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502294
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Nilachal Refractories Ltd
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2
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508982
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Linkson International Ltd
|
|
3
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511503
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Secure Earth Technologies Ltd
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|
4
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512397
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Ratan Glitter Industries Ltd
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|
5
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518017
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Bheema Cements Ltd
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|
6
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524760
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Arvind International Ltd
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|
7
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526473
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Elegant Floriculture & Agrotech India Ltd
|
|
8
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526691
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Pretto Leather Industries Ltd
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|
9
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526879
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UT Ltd
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10
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531017
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Arihants Securities Ltd
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|
11
|
531627
|
Raghava Estates and Properties Ltd
|
|
12
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532311
|
Tutis Technologies Ltd
|
|
13
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532338
|
Valuemart Info Technologies Ltd
|
|
14
|
532607
|
Ontrack Systems Ltd
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|
15
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532995
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Avon Corporation Ltd
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|
16
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533469
|
Birla Pacific Medspa Ltd
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17
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500046
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Best & Crompton Engineering Ltd
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18
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509992
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UB Engineering Ltd
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19
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532747
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Kingfisher Airlines Ltd
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|
20
|
532917
|
Varun Industries Ltd
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|
21
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501209
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Maestros Mediline Systems Ltd.-$
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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.
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Sr. No.
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Scrip code
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Company name
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1
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503780
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NRC Ltd.
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2
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532093
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Venkat Pharma Ltd.
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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
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