Trading Members of the Exchange are hereby informed that the undermentioned 73 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from November 23, 2023 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 / Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (“Regulations”).
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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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506822
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Aikyam Intellectual Property Consultancy Ltd.
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2
|
531517
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Alang Industrial Gases Ltd.
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3
|
531581
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Alka Diamond Industries Ltd. *
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|
4
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539693
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Alora Trading Company Ltd. *
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5
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531720
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Alpha Graphic India Ltd.
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|
6
|
512355
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Anukaran Commercial Enterprises Ltd.
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7
|
530479
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Atlanta Infrastructure and Finance Ltd.
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8
|
531570
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Blazon Marbles Ltd.
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9
|
523133
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Bonanza Industries Ltd. *
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10
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536820
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Boston Teknowsys (India) Ltd. *
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11
|
509499
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Centron Industrial Alliance Ltd.
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12
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514366
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Citizen Yarns Ltd. *
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13
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526141
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Compact Disc India Ltd.
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14
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517516
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Datar Switchgear Ltd.
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15
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531826
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Dee Kartavya Finance Ltd.
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|
16
|
538450
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Dhyana Finstock Ltd.
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17
|
526285
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Divya Jyoti Industries Ltd. *
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18
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530391
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DOT COM Global Ltd.
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19
|
509130
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Dunlop India Ltd.
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20
|
531750
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Encore Software Ltd.
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21
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531320
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Exotic Coal Ltd.
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22
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532084
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Fast Track Entertainment Ltd.
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23
|
517391
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Gamma Infoway Exalt Ltd.
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24
|
531055
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GFL Financials India Ltd. *
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25
|
530657
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Global Securities Limited
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26
|
539853
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Golden Capital Services Ltd. *
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27
|
531419
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Goplee Infotech Ltd.
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28
|
526598
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Gujarat Narmada Flyash Company Ltd.
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29
|
504336
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Ind Tra Deco Ltd.
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30
|
511433
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Insta Finance Ltd.
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31
|
512129
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Jayant Mercantile Co. Ltd.
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32
|
506938
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Kappac Pharma Ltd.
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33
|
526067
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KCCL Plastic Ltd. *
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34
|
512113
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Kelvin Fincap Ltd.
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35
|
526753
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Kriptol Industries Ltd.
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36
|
513703
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Kumar Wire Cloth Manufacturing Company Ltd. *
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37
|
506113
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Lifeline Drugs & Pharma Ltd.
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38
|
512349
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Linkhouse Industries Ltd. *
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39
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531689
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Mahavir Advanced Remedies Limited
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40
|
501473
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Malabar Trading Company Ltd.
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41
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533310
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Midvalley Entertainment Ltd. *
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42
|
530955
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Mindvision Capital Ltd. *
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43
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531843
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MYM Technologies Ltd. *
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44
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531365
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Naisargik Agritech India Ltd.
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45
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530971
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Nimbus Industries Ltd. *
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46
|
501179
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Oscar Investments Ltd. *
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47
|
511306
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PAL Credit & Capital Ltd.
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48
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505525
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Parichay Investments Ltd.
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49
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530561
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Radford Global Limited
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50
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513406
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Raj Irrigation Pipes & Fittings Ltd.
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51
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512319
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Rajlaxmi Industries Ltd.
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52
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507652
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Ratnamani Agro Industries Ltd. *
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53
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531646
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RFL International Ltd.
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54
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511403
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Sai Jeevadhara Finance Ltd. *
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55
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504345
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Sam Leaseco Ltd.
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56
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532031
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Sarang Chemicals Ltd.
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57
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532021
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Senbo Industries Ltd. *
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58
|
505513
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Shree Shaleen Textiles Limited
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59
|
505592
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Shreekrishna Biotech Ltd.
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60
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504382
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Simplex Trading Agencies Ltd.
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61
|
523846
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Skypak Service Specialists Ltd. *
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62
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539168
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Spisys Ltd. *
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63
|
531901
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Sterling Webnet Ltd.
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64
|
512075
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Suchak Trading Ltd.
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65
|
512311
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Surabhi Chemicals & Investments Ltd.
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66
|
521038
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Tamilnadu Jaibharat Mills Ltd. *
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67
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538287
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Tarang Projects & Consultant Ltd.
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68
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504358
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Turbotech Engineering Ltd.
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69
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512307
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Typhoon Holdings Ltd. *
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70
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519273
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Unno Industries Ltd.
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71
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522015
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VCCL Ltd. *
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72
|
538548
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Vitan Agro Industries Ltd.
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73
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530091
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Zyden Gentec Ltd.
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* The Company would be delisted in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009.
Consequences of compulsory delisting.
1. As per SEBI (Delisting of Equity Shares), Regulations, 2021: -
· The securities of the companies would cease to be listed and therefore not be available for trading on the platform of the Exchange.
In terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, promoters, and companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary for a period of 10 (ten) years from the date of delisting.
· Promoters of these delisted companies would 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.
· Also, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, 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 (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange;
b. the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided.
2. As per SEBI (Delisting of Equity Shares), Regulations, 2009:-
· The securities of the company would cease to be listed and therefore not be available for trading on the platform of the Exchange.
Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing for any equity shares for a period of ten years from the date of such delisting.
· Promoters of the delisted company would 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.
· 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.
3. Further, these companies would be moved to the Dissemination Board of the Exchange.
In case the Trading Members require any clarification, they may email on id bse.delistscn@bseindia.com.
Purushottam Saraf Netra Sahani
General Manager Additional General Manager
Surveillance Listing Compliance
November 21, 2023
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