| Suspension of trading in securities of companies for non-compliances of certain Regulation of SEBI (Depositories and Participants) Regulations, 1996 |
Pursuant to the provisions of Circular No. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 3, 2018 (erstwhile 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 (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. January 21, 2019 (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., June 2018 and September 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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517552
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Advanced Micronic Devices Ltd
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2
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500371
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Samtel India Ltd
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3
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523878
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Total Exports Ltd
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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 December 28, 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 January 16, 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 the Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 to the satisfaction of the Exchange on or before January 16, 2019; then :-
· Trading in the securities of the companies would be suspended w.e.f January 21, 2019, 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.
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., June 2018 and September 2018 and/or Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., June 2018 and September 2018 and/or Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive years i.e., March 2017 and March 2018 and also non-compliant with Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 for two consecutive quarters i.e., June 2018 and September 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., June 2018 and September 2018, the companies would be suspended as per the provisions of Notice No. 20181211-41. Further if the said companies do not comply with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., June 2018 and September 2018, the companies would be suspended as per the provisions of Notice No. 20181219-18. Further if the said companies do not comply with Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive years i.e., March 2017 and March 2018, the companies would be suspended as per the provisions of Notice No. 20181227-26.
· If the companies comply with Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., June 2018 and September 2018 and Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive years i.e., March 2017 and March 2018, and are non- complaint with Regulation 55A of the SEBI (Depositories and Participants) Regulations, 1996 for two consecutive quarters i.e., June 2018 and September 2018, then the suspension date for the following companies would be January 21, 2019.
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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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536820
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Boston Teknowsys (India) Ltd
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2
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531581
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Alka Diamond Industries Ltd
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3
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531467
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Arnav Corporation Ltd
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4
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532948
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Tulsi Extrusions 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@bseindia.com
Netra Sahani Manish Raval
Dy. General Manager Assistant Manager
Listing Compliance Listing Compliance
December 28, 2018
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