Trading Members and Market Participants are requested to note that as per Regulation 14 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) and the provisions of Rules, Bye-laws and Regulations of the Exchange, every listed company is required to pay annual listing fees to the Exchange where its securities are listed.
The Exchange had also issued a Notice bearing Ref. No. 20210625-43 dated June 25, 2021, for all the listed companies who have not paid ALF wherein it was informed about various action(s) would be initiated against the defaulting companies and its promoters for non-payment of outstanding ALF.
Accordingly, the Exchange has identified the companies which have failed to pay the outstanding ALF for FY 2023-24. Inspite, of the repeated reminders issued for the non-payment of annual listing fees to defaulting companies, the defaulting companies have failed to pay the annual listing fees or/ and arrears of annual listing fees.
The list of securities which would be suspended with effect from May 27, 2024 (being 30 days from issue of this notice) is given in Annexure I. Trading in the suspension of the shares of the company shall be continued till the company complies and makes payment of the outstanding ALF to the Exchange. During the suspension period, trading in the shares of these companies would be allowed on Trade for Trade basis only on the first trading day of every week.
The list of securities which are already suspended shall continue to be under suspension in view of continuing non-compliance with aforesaid listing regulations or for other reasons is given in Annexure II.
Further, the list of securities which are non-compliant at other recognized stock exchange is given in Annexure III. It may be noted this Annexure also includes companies which are already under suspension. The active companies mentioned in this Annexure would be suspended w.e.f. May 27, 2024.
It may be noted that if a company pays its outstanding ALF dues on or before May 22, 2024 then the trading in securities of the company shall not be suspended. This is not applicable if the company is already suspended due to non-compliance of Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), Surveillance measures etc.
Further the defaulting companies which are already suspended for non-compliance of Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), Surveillance measures etc., the designated trading status for dealing on the Exchange platform of such defaulting companies will remain the same.
Revocation of suspension would be subject to the company further complying with the procedure and all extant norms.
Trading Members may contact the following officers of the Exchange for further clarification if any:
Tushar Kamath Dhruvi Parekh
Deputy General Manager Assistant Manager
April 25, 2024 |