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 21 Companies have failed to comply with various provisions of the Listing Agreement upto Quarter ended March 2012.
|
Sr. No. |
Scrip Code |
Company Name |
|
1 |
533314 |
AGS Infotech Ltd |
|
2 |
514199 |
Bala Techno Industries Ltd |
|
3 |
531458 |
Boston Bio Systems Ltd |
|
4 |
509011 |
Chisel & Hammer (Mobel) Ltd |
|
5 |
532271 |
Cybermate Infotek Ltd |
|
6 |
526504 |
Dolphin Medical Services Ltd |
|
7 |
526967 |
Heera Ispat Ltd |
|
8 |
526558 |
James Hotels Ltd |
|
9 |
532045 |
Nexxoft Infotel Ltd |
|
10 |
526562 |
Pearl Engineering Polymers Ltd |
|
11 |
507962 |
Rajath Finance Ltd |
|
12 |
523780 (*) |
Ras Extrusions Ltd |
|
13 |
500361 (*) |
Ras Propack Lamipack Ltd |
|
14 |
532055 |
Rashel Agrotech Ltd |
|
15 |
516096 |
Sangal Papers Ltd |
|
16 |
531781 |
Sapan Chemicals Ltd |
|
17 |
532323 |
Shiva Cement Ltd |
|
18 |
523309 |
Shri Gang Industries & Allied Products Ltd |
|
19 |
504353 |
Titan Trading & Agencies Ltd |
|
20 |
531650 |
Vax Housing Finance Corporation Ltd |
|
21 |
507472 |
Venus Sugar Ltd |
Trading in securities of these 21 companies will be suspended w.e.f. Thursday, October 11, 2012 (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 Wednesday, October 3, 2012; trading in securities of the company will be suspended for Five Trading Days i.e. upto Wednesday, October 17, 2012.
However, in case the company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Wednesday, October 3, 2012; 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.