Trading Members of the Exchange are hereby informed that the undermentioned 61 companies that have remained suspended for more than 13 years would be delisted from the platform of the Exchange, with effect from May 29, 2017 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Regulations”).
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S. No.
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Scrip Code
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Company Name
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1
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514344
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Binaca Synthetic Resins Ltd.
|
|
2
|
532027
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Bonanza Biotech Ltd.
|
|
3
|
531535
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Canvay Chemicals Ltd.
|
|
4
|
522203
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Chain Impex Ltd.
|
|
5
|
519459
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Chakan Vegoils Ltd.
|
|
6
|
531655
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Chetak Spintex Ltd.
|
|
7
|
531185
|
Chicago Software Industries Ltd.
|
|
8
|
526197
|
City Lifts (India) Ltd
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|
9
|
531656
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Cryptogen Agro Industries Ltd.
|
|
10
|
530553
|
Global Industries Ltd.
|
|
11
|
531188
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Gujarat Bulk Packs Ltd.
|
|
12
|
514012
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Gujarat Filaments Ltd.
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|
13
|
530153
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Jolly Rides Ltd.
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|
14
|
530277
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Karan Finance Ltd.
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|
15
|
526451
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Karnavati Alfa International Ltd.
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|
16
|
530325
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Kumars Cotex Ltd.
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|
17
|
508857
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Lustre Tiles Ltd.
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|
18
|
521139
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Mahaganesh Texpro Ltd.
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|
19
|
518079
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Mahendra Cements Ltd.
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|
20
|
526857
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Majestic Industries Ltd.
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|
21
|
532048
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Malvica Engineering Ltd.
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|
22
|
524390
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Manav Pharma Ltd.
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|
23
|
532208
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Mansarover Paper & Industries Ltd.
|
|
24
|
519189
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Mansinghka Oil Products Ltd.
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25
|
526163
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Marine Cargo Company Ltd.
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|
26
|
524402
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Maruti Organics Ltd.
|
|
27
|
514250
|
Maya Spinners Ltd.
|
|
28
|
519417
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Moneshi Agro Industries Ltd.
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|
29
|
500286
|
Montari Industries Ltd.
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30
|
531973
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Morinda Overseas Industries Ltd.
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31
|
516068
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Mukerian Papers Ltd.
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32
|
514364
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Mukund Syntex Ltd.
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33
|
517567
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Rams Transformers Ltd.
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34
|
516074
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Rana Mohendra Papers Ltd.
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35
|
524382
|
Ratna Drugs Ltd.
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36
|
519469
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Rattan Vanaspati Ltd.
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37
|
531079
|
Ravraj Impex Ltd.
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|
38
|
506989
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Regent Chemicals Ltd.
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39
|
531788
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Rhutu Udyog (India) Ltd.
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40
|
524460
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Richline Pharma Ltd.
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41
|
513212
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RMI Steels Ltd.
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42
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526277
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Rohini Strips Ltd.
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43
|
530203
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Sanghvi Asbestos Cements Ltd.
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44
|
511513
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Sarla Credit & Securities Ltd.
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45
|
530229
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Shakti Rods & Wires Ltd.
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46
|
523439
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Shaw Wallace Electronics Ltd.
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47
|
519489
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Shri Anjaney Agro Foods Ltd.
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48
|
511471
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Shukla Data Technics Ltd.
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49
|
531604
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Sri Skandan Industries Ltd.
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50
|
513505
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Star Precision Electronics (India) Ltd.
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51
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531741
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Sterling (Gujarat) Hospitals Ltd.
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52
|
524105
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Sumex Chemicals Ltd.
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53
|
519610
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Suncity Industries Ltd.
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54
|
531345
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Sunrise Zinc Ltd.
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55
|
506660
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Synthetics & Chemicals Ltd.
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|
56
|
519313
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SYP Agro Foods Ltd.
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|
57
|
530727
|
Terryfab (India) Ltd.
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|
58
|
530453
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Thapar Concast Ltd.
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59
|
523822
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Thapar Exports Ltd.
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60
|
513285
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Thapar Ispat Ltd.
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61
|
526502
|
Vishal Chairs Ltd.
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Consequences of compulsory delisting.
1) As per SEBI Delisting Regulations, 2009 are:-
- The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange.
- Promoters of these delisted companies will be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly.
- Further, in terms of Regulation 24 of Delisting Regulations, the delisted company, its whole-time directors, promoters and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting.
2) As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the time promoters of the Company provide an exit option to the public shareholders in terms of value determined by the Valuer, the following consequences of compulsory delisting would also apply:
- Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares.
- Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group.
- The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company.
3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
In case the Trading Members require any clarification, they may contact Ms. Anshu Shrivastava on 2272 8534 or Ms. Arpita Joshi on 2272 8384.
Hitesh Desai Netra Sahani
Dy. General Manager Dy. General Manager
Listing Compliance
May 25, 2017
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