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 company will be suspended w.e.f July 5, 2019 (being 21 days from issue of this notice); on account of non-compliance with Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., December 2018 and March 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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526067
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KCCL PLASTIC 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 June 13, 2019 till further notice.
Trading Members may further note that:
a) In case, the aforesaid company complies (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 July 2, 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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the satisfaction of the Exchange on or before July 2, 2019; then :-
· Trading in the securities of the company would be suspended w.e.f. July 5, 2019, and the suspension will continue till such time the company complies and pays the fines.
· 15 days after suspension has been effected, trading in the shares of the non-compliant company 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 company 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 / Mr. Manish Raval on 022-22725025.
Netra Sahani Sambhaji Solat
Dy. General Manager Associate Manager
Listing Compliance Listing Compliance
June 13, 2019 |