Pursuant to the provisions of Circular no. CIR/CFD/CMD/12/2015 dated November 30, 2015 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 (Depositories and Participants) Regulations, 1996, 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. October 17, 2018 (being 21 days from issue of this notice); on account of non-compliance with Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 for two consecutive quarters i.e., March 2018 and June 2018.
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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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514366
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Citizen Yarns Ltd
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2
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523876
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Jyoti Overseas Ltd
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3
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533790
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KGN Enterprises Ltd
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4
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531612
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KGN Industries Ltd
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5
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539125
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Layla Textile and Traders Ltd
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6
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537954
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Shri Krishna Prasadam Ltd
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7
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522042
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SM Energy Teknik & Electronics Ltd
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8
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531102
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Surana Corporation Ltd
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2) Freezing of the entire promoter shareholding of the aforesaid companies w.e.f September 25, 2018 till further notice.
Trading Members may further note that:
a) In case, any of the aforesaid companies comply (to the satisfaction of the Exchange) with the provisions of the Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 on or before October 11, 2018; 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 the Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 to the satisfaction of the Exchange on or before October 11, 2018; then :-
· Trading in the securities of the companies would be suspended w.e.f October 17, 2018, and the suspension will continue till such time the Company complies.
· 15 days after suspension has been effected, trading in the shares of non-compliant companies would be allowed on Trade for Trade basis 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.
For further clarification on the above, you may please contact Ms. Rashmi Armarkar on Tel. No. 22725645/ Mr. Manish Raval on 22725025/ Mr. Sambhaji Solat on Tel No. 22728074.
Netra Sahani Sambhaji Solat
Dy. General Manager Associate Manager
September 25, 2018
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