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 November 04, 2019 (being 21 days from issue of this notice); on account of non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., March 2019 and June 2019.
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Sr No.
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Scrip Code
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Company Name
|
|
1
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512161
|
8K Miles Software Services Ltd
|
|
2
|
505029
|
Atlas Cycles (Haryana) Ltd
|
|
3
|
500059
|
Binani Industries Ltd
|
|
4
|
530859
|
Cosboard Industries Ltd *
|
|
5
|
526927
|
Dion Global Solutions Ltd
|
|
6
|
522261
|
Dolphin Offshore Enterprises (India) Ltd
|
|
7
|
517080
|
High Ground Enterprise Ltd
|
|
8
|
530049
|
JJ Exporters Ltd
|
|
9
|
539207
|
Manpasand Beverages Ltd
|
|
10
|
530543
|
Marg Ltd
|
|
11
|
531680
|
Mayur Leather Products Ltd
|
|
12
|
532623
|
NR International Ltd *
|
|
13
|
524610
|
Rathi Graphic Technologies Ltd
|
|
14
|
539691
|
Real Growth Commercial Enterprises Ltd *
|
|
15
|
539392
|
Sang Froid Labs (India) Ltd
|
|
16
|
532904
|
Supreme Infrastructure India Ltd
|
(*) Company has submitted the Financial Results 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. November 04, 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 October 11, 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 October 30, 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 October 30, 2019; then:-
· Trading in the securities of the companies would be suspended w.e.f. November 04, 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 below mentioned company is non-compliant with Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for two consecutive quarters i.e., March 2019 and June 2019.
- If the said company does not comply with Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for two consecutive quarters i.e., March 2019 and June 2019, the company would be suspended as per the provisions of Notice No. 20190926-26.
· If the company complies with Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018 for two consecutive quarters i.e., March 2019 and June 2019, and is non- complaint with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., March 2019 and June 2019, then the suspension date for the following company would be November 04, 2019.
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Sr. No.
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Scrip Code
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Company Code
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1
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513703
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Kumar Wire Cloth Manufacturing Company Ltd
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For further clarification on the above, you may please contact Ms. Rashmi Armarkar on Tel no. 022-22725645 / Mr. Manish Raval on 022-22725025 or email at bse.soplodr@bseidia.com
Sambhaji Solat Manish Raval
Manager Deputy Manager
Listing Compliance Listing Compliance
October 11, 2019 |