| Resumption of trading in the Equity shares of Assam Company India Limited. |
This is In continuation of Exchange Notice no. 20181005-43 dated 05th October 2018, wherein it was informed that trading in equity shares of Assam Company India Limited (ACIL) would be discontinued w.e.f 10.10.2018 as the company had fixed a Record Date of 11.10.2018 so as to determine the public shareholders to whom the exit price of Re. 0.10 (ten paise) would be paid pursuant to the order passed by the National Company Law Tribunal, Guwahati bench.
Trading Members of the Exchange are now informed that trading in the equity shares of Assam Company India Limited (scrip code: 500024) will be resumed w.e.f. Monday, October 29, 2018 due to and as per details mentioned below
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Scrip code
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500024
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Name of the Company
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Assam Company India Limited
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Effective date of resumption
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October 29, 2018
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Settlement number
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(DR- 146/2018-2019)
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Reason for resumption
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The company has now informed that the record date of 11th October 2018 stands cancelled till further notice due to the following reason:
“SEBI had filed an Appeal before the Hon’ble Appellate Tribunal, against the impugned order passed by the Hon’ble NCLT, Guwahati bench, on 20th September 2018, in so far as the Order permits to delisting of equity shares of the company.
Thereafter, the National Company Law Appellate Tribunal (NCLAT), passed an order on 12th October 2018, wherein implementation of the impugned order has been stayed in so far as it permits delisting of equity shares of Assam Company India ltd......”
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Marian D’souza
Associate Manager –Listing Operations (CRD)
October 25, 2018
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