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BSE to suspend trading in securities of 15 Companies

India Infoline News Service/ Mumbai 16:30 , Aug 26, 2013

Trading in securities of these 15 Companies will be suspended w.e.f. Wednesday, September 18, 2013

As per the provision of Securities Contracts (Regulation) Rules, 1957 and the Rules, Bye-laws and Regulations of the Exchange, a Company listed on BSE Limited is required to comply with various clauses of the Listing Agreement, failing which trading in securities of such defaulting Companies is liable for suspension.

Trading members are requested to take note that the following 15 Companies have failed to comply with various provisions of the Listing Agreement upto quarter ended March 2013.

Trading in securities of these 15 Companies will be suspended w.e.f. Wednesday, September 18, 2013 (being 15 trading days from issue of notice); on account of non-compliance with the provisions of the Listing Agreement.

In case, the Company complies (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement on or before Tuesday, September 10, 2013; trading in securities of the company will be suspended for Five Trading Days i.e. upto Tuesday, September 24, 2013.

However, in case the Company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Tuesday, September 10, 2013; the suspension will continue till such time the Company complies with the procedure prescribed for revoking suspension in a scrip and the Company complies with all extant norms for revocation of suspension laid out by the Exchange.
It may be noted that suspension of trading in securities of a Company will be revoked only if the Company has complied with all the provisions of the Listing Agreement upto the latest quarter for which the compliances are required.

Sr. No Scrip Code Company Name
1
530513 Accurate Transformers Ltd
2
512535 Asahi Infrastructure & Projects Ltd
3
531733 Bafna Spinning Mills & Exports Ltd
4
531261 Concurrent (India) Infrastructure Ltd
5
509130 Dunlop India Ltd
6
530165 Kanchan International Ltd
7
532901 Koutons Retail India Ltd
8
531617 Osian Industries Ltd
9
523333 Polar Pharma India Ltd
10
531374 SAAG RR Infra Ltd
11
531898 Sanguine Media Ltd
12
530295 Shri Rajivlochan Oil Extraction Ltd
13
530595 TeleCanor Global Ltd
14
532677 Vikash Metal & Power Ltd
15
531249 Well Pack Papers & Containers Lt

 



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