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NOTICES
Notice No.   20170525-14   Notice Date   25 May 2017
Category   Company related   Segment   Equity
Subject   Compulsory Delisting of Companies
 
Content

Trading Members of the Exchange are hereby informed that the undermentioned 61 companies that have remained suspended for more than 13 years would be delisted from the platform of the Exchange, with effect from May 29, 2017 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”).

      

S. No.

Scrip Code

Company Name

1

514344

Binaca Synthetic Resins Ltd.

2

532027

Bonanza Biotech Ltd.

3

531535

Canvay Chemicals Ltd.

4

522203

Chain Impex Ltd.

5

519459

Chakan Vegoils Ltd.

6

531655

Chetak Spintex Ltd.

7

531185

Chicago Software Industries Ltd.

8

526197

City Lifts (India) Ltd

9

531656

Cryptogen Agro Industries Ltd.

10

530553

Global Industries Ltd.

11

531188

Gujarat Bulk Packs Ltd.

12

514012

Gujarat Filaments Ltd.

13

530153

Jolly Rides Ltd.

14

530277

Karan Finance Ltd.

15

526451

Karnavati Alfa International Ltd.

16

530325

Kumars Cotex Ltd.

17

508857

Lustre Tiles Ltd.

18

521139

Mahaganesh Texpro Ltd.

19

518079

Mahendra Cements Ltd.

20

526857

Majestic Industries Ltd.

21

532048

Malvica Engineering Ltd.

22

524390

Manav Pharma Ltd.

23

532208

Mansarover Paper & Industries Ltd.

24

519189

Mansinghka Oil Products Ltd.

25

526163

Marine Cargo Company Ltd.

26

524402

Maruti Organics Ltd.

27

514250

Maya Spinners Ltd.

28

519417

Moneshi Agro Industries Ltd.

29

500286

Montari Industries Ltd.

30

531973

Morinda Overseas Industries Ltd.

31

516068

Mukerian Papers Ltd.

32

514364

Mukund Syntex Ltd.

33

517567

Rams Transformers Ltd.

34

516074

Rana Mohendra Papers Ltd.

35

524382

Ratna Drugs Ltd.

36

519469

Rattan Vanaspati Ltd.

37

531079

Ravraj Impex Ltd.

38

506989

Regent Chemicals Ltd.

39

531788

Rhutu Udyog (India) Ltd.

40

524460

Richline Pharma Ltd.

41

513212

RMI Steels Ltd.

42

526277

Rohini Strips Ltd.

43

530203

Sanghvi Asbestos Cements Ltd.

44

511513

Sarla Credit & Securities Ltd.

45

530229

Shakti Rods & Wires Ltd.

46

523439

Shaw Wallace Electronics Ltd.

47

519489

Shri Anjaney Agro Foods Ltd.

48

511471

Shukla Data Technics Ltd.

49

531604

Sri Skandan Industries Ltd.

50

513505

Star Precision Electronics (India) Ltd.

51

531741

Sterling (Gujarat) Hospitals Ltd.

52

524105

Sumex Chemicals Ltd.

53

519610

Suncity Industries Ltd.

54

531345

Sunrise Zinc Ltd.

55

506660

Synthetics & Chemicals Ltd.

56

519313

SYP Agro Foods Ltd.

57

530727

Terryfab (India) Ltd.

58

530453

Thapar Concast Ltd.

59

523822

Thapar Exports Ltd.

60

513285

Thapar Ispat Ltd.

61

526502

Vishal Chairs 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. Anshu Shrivastava on 2272 8534 or Ms. Arpita Joshi on 2272 8384.

  

Hitesh Desai                                                                                  Netra Sahani

Dy.  General Manager                                                         Dy. General Manager

 

 

Listing Compliance

 

 

May 25, 2017