Notice No.   20210301-13   Notice Date   01 Mar 2021
Category   Company related   Segment   Equity
Subject   Compulsory Delisting of Companies

Trading Members of the Exchange are hereby informed that the undermentioned suspended companies at the Exchange have been compulsorily delisted by NSE. In view thereof in terms of Rule 21(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (“Regulations”) which states that “If the securities is delisted under clause (1), ……. the said securities shall be delisted from all recognized stock exchanges”, these companies would be delisted from the platform of the Exchange, with effect from March 3, 2021.



Sr. No.

Scrip Code

Company Name



Vijay Shanthi Builders Limited 



Zylog Systems Limited



Bilpower Limited  



Shree Ganesh Forgings Limited 



Pochiraju Industries Limited 



Girdharilal Sugar and Allied Industries Ltd 



Autoriders Finance Ltd.












Consequences of compulsory delisting. 


1) As per SEBI (Delisting of Equity Shares), Regulations, 2009:-

·         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 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, 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.

·         Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive –


a)         such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange;



b)         the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided.


2) 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. Chinmayee Kanolkar on 022 22728103 or Ms. Anshu Shrivastava on 022-2272 8534 or on email id



Netra Sahani                                                                          Arpita Joshi

Addl. General Manager                                                         Manager



Listing Compliance

March 1, 2021