Pursuant to the provisions of Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 (erstwhile 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 January 18, 2021 (being 30 days from issue of this notice); on account of non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., March 2020 & June 2020.
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Sr No.
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Scrip Code
|
Company Name
|
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1
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511706
|
Action Financial Services India Ltd
|
|
2
|
531557
|
Amit Securities Ltd
|
|
3
|
540024
|
Ashari Agencies Ltd
|
|
4
|
505029
|
Atlas Cycles (Haryana) Ltd
|
|
5
|
533321
|
Bil Energy Systems Ltd
|
|
6
|
540597
|
Containerway International Ltd
|
|
7
|
530859
|
Cosboard Industries Ltd
|
|
8
|
538432
|
Divinus Fabrics Ltd
|
|
9
|
526689
|
Fenoplast Ltd
|
|
10
|
532708
|
GVK Power & Infrastructure Ltd
|
|
11
|
533008
|
OCL Iron and Steel Ltd
|
|
12
|
513291
|
Premier Pipes Ltd
|
|
13
|
533216
|
Technofab Engineering Ltd
|
|
14
|
509953
|
Trade Wings Ltd
|
|
15
|
531404
|
Zicom Electronic Security Systems Ltd
|
|
16
|
532904
|
Supreme Infrastructure India Ltd
|
2) Freezing of the entire shareholding of the promoter in the noncompliant listed entity as well as all other securities held in the demat account(s) of the promoter w.e.f December 16, 2020 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 on or before January 13, 2021; 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 January 13, 2021; then:-
· Trading in the securities of the companies would be suspended w.e.f. January 18, 2021, and the suspension will continue till such time the company complies and pays the fines.
· 15 days after suspension has been effected, trading in the shares of the 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 company further complying with the procedure and all extant norms prescribed for revocation of suspension.
It may be noted that the following company is also non-compliant with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e. March 2020 & June 2020; however, the company has been suspended vide Exchange notice no. 20200303-40 dated March 3, 2020.
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Sr. No.
|
Scrip Code
|
Company Name
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|
1
|
530921
|
Integrated Thermoplastics Ltd
|
For further clarification on the above, please email on bse.soplodr@bseindia.com
Sambhaji Solat Manish Raval
Manager Deputy Manager
Listing Compliance Listing Compliance
December 16, 2020
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