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. April 22, 2019 (being 21 days from issue of this notice); on account of non-compliance with Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive years i.e., March 2017 & March 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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514484
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Thambbi Modern Spinning Mills 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 March 29, 2019 till further notice.
Trading Members may further note that:
a) In case, any of the aforesaid company comply (to the satisfaction of the Exchange) with all the provisions of the Listing Regulations, 2015 including payment of fines on or before April 15, 2019; trading in securities of the said company will not be suspended.
b) However, in case the aforesaid company fails to comply with the provisions of Listing Regulations, 2015, to the satisfaction of the Exchange on or before April 15, 2019; then:-
· Trading in the securities of the company would be suspended w.e.f April 22, 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.
For further clarification on the above, you may please contact Ms. Rashmi Armarkar on 022-22725645 or Mr. Manish Raval on 022-22725025 or email at bse.soplodr@bseindia.com
Netra Sahani Sambhaji Solat
Dy. General Manager Associate Manager
Listing Compliance Listing Compliance
March 29, 2019
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