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NOTICES
Notice No.   20170821-27   Notice Date   21 Aug 2017
Category   Company related   Segment   Equity
Subject   Compulsory Delisting of Companies
 
Content

 Trading Members of the Exchange are hereby informed that the undermentioned 55 companies that have been compulsorily delisted by NSE, would be delisted from the platform of the Exchange, with effect from August 23, 2017 pursuant to order of the Delisting Committee of the Exchange in terms of Section 21(2)(b) of the Securities Contracts (Regulation) Rules 1957 (“Regulations”). Section 21(2) (b) of the Securities Contracts (Regulation) Rules 1957, states that “If the securities is delisted under clause (1), ……. the said securities shall be delisted from all recognized stock exchanges”.

 

Sr. No.

Scrip Code

Company Name

1

511325

Alpic Finance Ltd*

2

531683

Ankur Drugs & Pharma Ltd*

3

503897

Arihant Industries Ltd

4

517565

Ashco Niulab Industries Ltd

5

523808

Bhor Industries Ltd

6

532781

Blue Bird (India) Ltd*

7

500080

Cauvery Software Engineering Systems Ltd

8

524418

CDR Medical Industries Ltd

9

511272

CFL Capital Financial Services Ltd*

10

532306

Compudyne Winfosystems Ltd*

11

531224

Computech International Ltd

12

531852

Consortex Kart Doelitzsch (India) Ltd

13

533011

Coral Hub Ltd

14

500091

Core Healthcare Ltd

15

532542

Crew B.O.S. Products Ltd*

16

532608

Deccan Chronicle Holdings Ltd

17

532903

Dhanus Technologies Ltd*

18

521125

D.R. Industries Ltd*

19

523864

DSQ Software Ltd

20

512127

ETP Corporation Ltd

21

530387

European Software Alliances Ltd

22

532818

Evinix Accessories Ltd

23

500177

Hanil Era Textiles Ltd*

24

515143

Haryana Sheet Glass Ltd

25

526486

Hitechi Jewellery Industries Ltd

26

523758

Information Technologies (India) Ltd

27

512185

IOL Netcom Ltd*

28

511270

KMF Ltd

29

532901

Koutons Retail India Ltd*

30

523407

Lan Eseda  Industries Ltd

31

500311

Nuchem Ltd

32

524170

DSQ Biotech Ltd*

33

500323

Parekh Platinum Ltd

34

526562

Pearl Engineering Polymers Ltd

35

504288

Polar Industries Ltd

36

532791

Pyramid Saimira Theatre Ltd*

37

526089

Roofit Industries Ltd

38

530729

Scintilla Software Technology Ltd

39

502452

Shree Vindhya Paper Mills Ltd

40

531890

Snowcem India Ltd*

41

518071

Somani Cement Company Ltd

42

523033

Soundcraft Industries Ltd*

43

508976

Spanco Ltd

44

506059

Steel Tubes of India Ltd

45

532211

Sun Earth Ceramics Ltd

46

533639

Taksheel Solutions Ltd

47

532358

Teledata Informatics Ltd

48

533462

Teledata Marine Solutions Ltd*

49

533089

Teledata Technology Solutions Ltd*

50

532677

Vikash Metal & Power Ltd

51

532360

Vintage Cards & Creations Ltd*

52

532618

Vishal Exports Overseas Ltd

53

532383

Vision Organics Ltd

54

531369

Wellwin Industry Ltd

55

509419

Wopolin Plastics Ltd*

 

 

* These companies are under liquidation. Exit price is not applicable to these companies. However consequences under Regulation 24 of the Delisting Regulations are applicable to such companies.

 

1)    As per SEBI Delisting Regulations, 2009 the following consequences of compulsory delisting would apply to the said companies:

·         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 advised by SEBI.

 

In case the Trading Members require any clarification, they may contact Mr. Kaustubh Kulkarni on 2272 8834/ Ms. Anshu Shrivastava on 2272 8534 or Ms. Arpita Joshi on 2272 8384.

 

 

Netra Sahani                                                                                   Abhijit Pai

Dy. General Manager                                                                    Dy. General Manager

 

Listing Compliance

August 21, 2017