Pursuant to the provisions of Circular no. CIR/CFD/CMD/12/2015 dated November 30, 2015 issued by Securities and Exchange Board of India (SEBI) with respect to Standard Operating Procedure (SOP) for suspension and revocation of equity shares of listed entities for non-compliance with provisions of SEBI Listing Regulations, 2015, 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. April 20, 2016 (being 21 days from issue of this notice); on account of non-compliance with Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 for two consecutive quarters i.e., September 2015 and December 2015.
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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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512109
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Aviva Industries Ltd
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2
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534535
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Bio Green Papers Ltd
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3
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532367
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Kanika Infotech Ltd
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4
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511638
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Madhur Capital & Finance Ltd
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5
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506041
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Mahesh Agriculture Implements & Steel Forge Ltd.
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6
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512465
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Santowin Corporation Ltd
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|
7
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530487
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Vibros Organics Ltd.
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|
8
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511361
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Vishwamitra Financial Services Ltd
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2) Freezing of the entire promoter shareholding of the aforesaid companies wef March 28, 2016 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 Regulations, 2015 on or before April 14, 2016; 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 Regulations, 2015 to the satisfaction of the Exchange on or before April 14, 2016; then :-
· Trading in the securities of the companies would be suspended wef April 20, 2016, and the suspension will continue till such time the Company complies.
· 15 days after suspension has been effected, trading in the shares of non-compliant companies would be allowed on Trade for Trade basis 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.
For further clarification on the above, you may please contact Mr. Sambhaji Solat on Tel No. 22728074 /Ms. Anshu Shrivastava on 22728534/Mr. Manish Raval or email at bse.revocation@bseindia.com.
Netra Sahani Abhijit Pai
Dy. General Manager Asst. General Manager
March 28, 2016 |