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NOTICES
Notice No.   20161212-8   Notice Date   12 Dec 2016
Category   Company related   Segment   Equity
Subject   Compulsory Delisting of Companies
 
Content

 

Trading Members of the Exchange are hereby informed that the undermentioned 64 companies that have remained suspended for more than 13 years would be delisted from the platform of the Exchange, with effect from December 13, 2016 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Regulations”).
 

SR. NO.
SCRIP CODE
NAME OF THE COMPANY
1
523511
AANKIT GRANITES LTD.
2
530211
AEC ENTERPRISES LTD.
3
513357
AMBUJA ZINC LTD.
4
519275
AMISON FOODS LTD.
5
521012
ANANT ROTOSPIN LTD.
6
531856
ARHANT SUEDES LTD.
7
523812
ARHAT INDUSTRIES LTD.
8
514480
ARIHANT THREADS LTD.
9
506265
ARLABS LTD.
10
514340
ARUN MANTEX LTD.
11
513458
ASIAN ALLOYS LTD.
12
511383
BURR BROWN (INDIA) LTD.
13
511485
CHEMOX SECURITIES LTD.
14
531958
EIDER TELECOM LTD.
15
509001
EMPIRE HOTELS & RESORTS LTD.
16
522148
GORDON HERBERT (INDIA) LTD.
17
507135
GWALIOR SUGAR CO.LTD.
18
526079
HANSAFLON PLASTO CHEM LTD.
19
504601
HARYANA STEEL & ALLOYS LTD.
20
519428
HERMAN MILKFOODS LTD.
21
531827
HIMGIRI FINCAP LTD.
22
507140
HINDUSTAN BREWERIES & BOTTLING LTD.
23
524424
HI-TECH DRUGS LTD.
24
531284
HITESH TEXTILE MILLS LTD.
25
531765
JMD ALLOYS LTD.
26
519548
K.J.INTERNATIONAL LTD.
27
531850
KAMAL OVERSEAS LTD.
28
530529
KAMALA TEA CO.LTD.
29
531475
KAMPER CONCAST LTD.
30
503830
KAREEMS SILK INTERNATIONAL LTD.
31
531113
KARNAVATI SPINNERS LTD.
32
512401
KAYTEE COTSYNTH INDUSTRIES LTD.
33
531947
KGN AGRO INTERNATIONALS LTD.
34
504087
KHANDELWAL HERMANN ELECTRONICS LTD.
35
531116
KHEMSONS GLOBAL LTD.
36
522173
KRISHNA ENGINEERING WORKS LTD.
37
522223
MARUTI TELSTAR INDUSTRIES LTD.
38
503878
ORIENT SYNTEX LTD.
39
509007
PAGITA LEASING & FINANCE CO.LTD.
40
500328
PENTAFOUR PRODUCTS LTD.
41
507520
RAINBOW BREWERIES LTD.
42
512353
RUSODAY & CO. LTD.
43
513462
SAMANA STEELS LTD.
44
530485
SAMARTH INTERNATIONAL FINLEASE LTD.
45
531316
SANDUR LAMINATES LTD.
46
531829
SANVAN SOFTWARE LTD.
47
514488
SARDA INFORMATION TECHNOLOGY LTD.
48
517488
SATKAR ELECTRONICS LTD.
49
519387
SAWANT FOOD PRODUCTS LTD.
50
506900
SHREE ACIDS & CHEMICALS LTD.
51
530653
SHREE GANESH KNIT (INDIA) LTD.
52
516040
SHREE INDUSTRIES LTD.
53
531019
SHREE JAGDAMBE PAPER MILLS LTD.
54
531487
SHREE NEELACHAL LABORATORIES LTD.
55
513526
SHREEJI INDUSTRIES LTD.
56
503788
SHRUTI SYNTHETIC LTD.
57
513695
SIDDHI VINAYAK METAL COMPANY LTD.
58
530385
SOUTH POLE SECURITIES LTD.
59
530223
SPAN DYESTUFF INDUSTRIES LTD.
60
526357
STERLING KALKSAND BRICKS LTD.
61
526469
SUPERIOR AIR PRODUCTS LTD.
62
526626
TRIDENT PROJECTS LTD.
63
526915
UNIQUE AGRO PROCESSORS (INDIA) LTD.
64
526267
ZENITH STEEL TUBES AND INDUSTRIES LTD.

 
 
Consequences of compulsory delisting.  
1) As per SEBI Delisting Regulations, 2009 are:-
·         The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange.
·         Promoters of these delisted companies will be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly.
·         Further, in terms of Regulation 24 of Delisting Regulations, the delisted company, its whole-time directors, promoters and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting.
 
2) As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the  time promoters of the Company provide an exit option to the public shareholders in terms      of value determined by the Valuer, the following consequences of compulsory delisting             would also apply:
·         Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares.
·         Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group.
·         The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company.
 
3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
 
In case the Trading Members require any clarification, they may contact Ms. Sonali Kurhade on 22728063 or Ms. Anshu Shrivastava on 2272 8534 or Ms. Arpita Joshi on 2272 8384.
 
 
 
Khushro Bulsara                                                                                   Netra Sahani
Sr. General Manager                                                                           Dy. General Manager
 
Listing Compliance
December 12, 2016