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Establishment of Connectivity with both depositories NSDL an


 Notice Date : 26 March 2009

Establishment of Connectivity with both depositories NSDL and CDSL - Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

Circular No. MRD/DoP/SE/Cir-04/2009

Dated 26-3-2009

1. It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories during the months of December 2008 and January 2009.

2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:

a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing company Secretary/Chartered Accountant and submit the same to the stock exchange/s.

b) There are no other grounds/reasons for continuation of the trading in TFTS.

3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in Section II, item no. 13 of the Monthly/Quarterly Development Report.

Annexure A

Sr. No.

Company Name

ISIN

1.

Exensys Software Solutions Limited

INE947B01012

2.

Perfectpac Limited

INE759I01016

3.

Shivagrico Implements Ltd

INE092H01014

4.

Shri Krishna Devcon Ltd

INE997I01012

5.

CAT Financial Services Limited

INE099F01013

6.

Arunjyoti Enterprises Limited

INE392H01018

7.

Polytex India Limited

INE012F01016

8.

J. Taparia Projects Limited

INE075K01013

9.

Passari Cellulose Ltd

INE008F01014

10.

Gujarat Wedge Wire Screens Limited

INE090J01014

11.

Virgo Polymers (India) Limited

INE464H01015

12.

MAC Charles (India) Limited

INE435D01014

 

 

anu
on 01 April 2009
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