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NOTICES
Notice No.   20190318-41   Notice Date   18 Mar 2019
Category   Company related   Segment   Equity
Subject   Suspension of trading in securities of companies for non-compliances of certain Regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
 
Content

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 companies will be suspended w.e.f April 9, 2019 (being 21 days from issue of this notice); on account of non-compliance with Regulation 17 and/or 18 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., September 2018 & December 2018.

 

Sr. No.

Scrip Code

Name of the Company

Non Compliant for Regulations

1

521048

Advance Lifestyles Ltd *

17&18

2

522273

Ahmedabad Steelcraft Ltd

17

3

538861

Amsons Apparels Ltd

17

4

513142

Balasore Alloys Ltd

17

5

514272

Bhilwara Spinners Ltd

17

6

540071

Camson Seeds Ltd

17

7

532902

Consolidated Construction Consortium Ltd.*

17

8

531463

Global Infratech & Finance Ltd

18

9

526899

Himalaya Food International Ltd

17&18

10

503881

Hind Syntex Ltd

17

11

500202

India Lease Development Ltd

18

12

513361

India Steel Works Ltd

17

13

532033

Jain Studios Limited *

17&18

14

530537

Manraj Housing Finance Ltd

17

15

532164

Minolta Finance Ltd

18

16

523242

NB Footwear Ltd

18

17

531049

Neelkanth Rockminerals Ltd

17

18

533008

OCL Iron and Steel Ltd *

17&18

19

531157

Organic Coatings Ltd

17

20

500322

Panyam Cements & Mineral Industries Ltd

17

21

532676

PBA Infrastructure Limited *

18

22

500143

PH Capital Ltd

18

23

512026

PH Trading Ltd

18

24

517556

PVP Ventures Limited *

17

25

526193

Royal Cushion Vinyl Products Ltd

17&18

26

514197

S & T Corporation Ltd

17&18

27

526093

Sathavahana Ispat Ltd *

17

28

511760

Seven Hill Industries Ltd

18

29

519031

Shah Foods Ltd

17

30

524602

Shiva Medicare Ltd

17&18

31

532643

Shree Ganesh Forgings Ltd

17&18

32

513418

Smiths & Founders (India) Ltd

17

33

530495

Stratmont Industries Ltd

18

34

535141

Sunstar Realty Development Ltd

17

35

523842

Super Tannery Ltd

17

36

518075

Suraj Products Ltd

17

37

521038

Tamilnadu Jai Bharath Mills Ltd *

18

38

524204

Teesta Agro Industries Ltd

17

39

523724

Vijay Shanthi Builders Ltd *

17

40

511642

Wisec Global Ltd

18

 

(*) Companies are complied with Regulation 17 and/or Regulation 18 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on date. However, it has not paid the applicable fines. Hence, as per 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), Company would be suspended w.e.f. April 9, 2019 (being 21 days from issue of this notice).

 

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 18, 2019 till further notice.

 

Trading Members may further note that:

 

a)    In case, the aforesaid companies comply (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 April 4, 2019; trading in securities of the said companies will not be suspended.

 

b)    However, in case the aforesaid companies fail to comply with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the satisfaction of the Exchange on or before April 4, 2019; then:-

 

·         Trading in the securities of the companies would be suspended w.e.f. April 9, 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. Mangalam Iyer on 022-22725780 / Ms. Rashmi Armarkar on 022-22725645 / Mr. Manish Raval on 022-22725025/ Mr. Sambhaji Solat on Tel No. 022-22728074.

 

 

 

Netra Sahani                                                                         Abhijit Pai

Dy. General Manager                                                           Dy. General Manager

Listing Compliance                                                               Listing Compliance

 

March 18, 2019