Media Release
TRADE-TO-TRADE SCRIPS – Inclusions in ‘T’ Group
As a part of Surveillance measures the Exchange transfers various scrips for settlement on a Trade-to-Trade basis. The criteria for shifting scrip’s to/fro for settlement on trade to trade basis are decided jointly by the stock exchanges in consultation with SEBI and reviewed periodically.
The detailed criteria of shifting scrip to/from Trade-to-Trade are available on website athttp://www.bseindia.com/markets/equity/EQReports/sur_Price_monitoring.aspx?expandable=5.
The Exchange with a view to take preventive surveillance measure to ensure market safety and safeguard the interest of the investors, has decided to take the following Surveillance actions:
The under mentioned scrip’s will be included in "T" Group and they would be traded and settled on Trade to Trade basis w.e.f. March 14, 2014 and would attract a circuit filter of 5% or lower as applicable. The category applicable to the scrip for transfer to “T” Group from the detailed criteria available on the website as stated above is mentioned alongside the scrip.
|
Sr. No.
|
Scrip Code
|
Scrip Name
|
Reason- Criteria
|
|
1
|
524760
|
Arvind International Ltd.
|
Criteria I and II and III
|
|
2
|
524606
|
Beryl Drugs Ltd.
|
Criteria I and II and III
|
|
3
|
518017
|
Bheema Cements Ltd.
|
Criteria I and II and III
|
|
4
|
531153
|
Diligent Industries Ltd.
|
Criteria I and II and III
|
|
5
|
533090
|
Excel Infoways Ltd.
|
Criteria I and II and III
|
|
6
|
531524
|
I.C.S.A. (India) Ltd.
|
Criteria I and II and III
|
|
7
|
524138
|
Mahindra Composites Ltd.
|
Criteria I and II and III
|
|
8
|
511551
|
Networth Stock Broking Ltd.
|
Criteria I and II and III
|
|
9
|
532882
|
Omnitech InfoSolutions Ltd.
|
Criteria I and II and III
|
|
10
|
533399
|
Paramount Printpackaging Ltd.*
|
Criteria I and II and III
|
|
11
|
500337
|
Prime Securities Ltd.*
|
Criteria I and II and III
|
|
12
|
531370
|
Sparc Systems Ltd.
|
Criteria I and II and III
|
|
13
|
531254
|
Transpek Finance Ltd.
|
Criteria I and II and III
|
|
14
|
532691
|
Tulip Telcom Ltd.
|
Criteria I and II and III
|
|
15
|
526441
|
Vision Cinemas Ltd.
|
Criteria I and II and III
|
Note:- * Of the commonly listed scrip/s, the scrips satisfying all the criteria only at BSE
** Of the commonly listed scrip/s, the scrips satisfying all the criteria only at NSE
Trading Members are requested to take adequate precaution while trading in above scrip’s, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed. Further, as per the provisions of Exchange Notice No. 20050805-12 dated 05 August 2005; a VaR Margin of 100% will also be levied on these scrips.
Trading Members should note that the transfer of scrip’s for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be periodically reviewed depending on the market conditions.
In case, trading members require any clarification, they may please contact any of the following officials of the Exchange:
Ms. Saji Sunilkumar (022 2272-3030) / Mr. Jaimini Patel (022 2272-1717)
For & On behalf of BSE Ltd
Yatin Padia – 022 2272 8516 / Ketan Mehta – 022 2272 8321
Marketing Communications
yatin.padia@bseindia.com / ketan.mehta@bseindia.com
March 11, 2014