BSEIndia
      Close  
NOTICES
Notice No.   20190320-39   Notice Date   20 Mar 2019
Category   Company related   Segment   Equity
Subject   Suspension of trading in securities of companies for non-compliances of certain Regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
 
Content

Pursuant to the provisions of Circular No. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 3, 2018 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 Obligations and Disclosure Requirements) 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 11, 2019 (being 21 days from issue of this notice); on account of non-compliance with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 and December 2018. 

Sr.  No.

Scrip Code

Company Name

1

531519

Ankush Finstock Ltd

2

539335

CHPL Industries Ltd *

3

530605

GSL Nova Petrochemicals Ltd

4

531448

Safal Securities Ltd

5

530867

SFL International Ltd

6

531699

Super Domestic Machines Ltd

7

531432

Systematix Securities Ltd *

8

519303

Trombo Extractions Ltd

(*) Company has submitted the Shareholding Pattern as on date. However, it has not paid the applicable fines. Hence, as per the provisions of Circular No. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 3, 2018 issued by Securities and Exchange Board of India (SEBI), Company would be suspended w.e.f. April 11, 2019 (being 21 days from issue of this notice).

 

2)    Freezing of the entire shareholding of the promoter and promoter group in the noncompliant listed entity as well as all other securities held in the demat account(s) of the promoter and promoter group w.e.f March 20, 2019 till further notice.

 

Trading Members may further note that:

 

a)    In case, the aforesaid companies comply (to the satisfaction of the Exchange) with all the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including payment of fines on or before April 08, 2019; 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the satisfaction of the Exchange on or before April 08, 2019; then :-

 

·         Trading in the securities of the companies would be suspended w.e.f. April 11, 2019, and the suspension will continue till such time the Company complies including payment of fines.

 

·         15 days after suspension has been effected, trading in the shares of non-compliant companies would be allowed on Trade for Trade basis in Z group 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.

 

The following companies are non-compliant with Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 and December 2018 and also non compliant with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 and December 2018.

 

  • If the said companies do not comply with Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 and December 2018, the company would be suspended as per the provisions of Notice No. 20190314-41. 

·         If the companies comply with Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 and December 2018, and are non- complaint with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 and December 2018, then the suspension date for the following company would be April 11, 2019. 

Sr. No.

Scrip Code

Company Code

1

536799

SRS Finance Ltd

2

530699

Raj Rayon Industries Ltd *

(*) Company has submitted the Shareholding Pattern as on date. However, it has not paid the applicable fines. Hence, as per the provisions of Circular No. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 3, 2018 issued by Securities and Exchange Board of India (SEBI), Company would be suspended w.e.f. April 11, 2019.

 

For further clarification on the above, you may please contact Ms. Rashmi Armarkar on Tel no. 022-22725645 / Mr. Manish Raval on 022-22725025.

 

 

 

 

Netra Sahani                                                                         Sambhaji Solat  

Dy. General Manager                                                             Associate Manager

Listing Compliance                                                                     Listing Compliance

 

March 20, 2019