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


 Notice Date : 02 November 2012

CIR/MRD/DP/ 28 /2012

November 02, 2012

To,

All Stock Exchanges

Dear Sir / Madam,

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

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.

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 the Monthly/Quarterly Development Report.

Yours faithfully,

Maninder Cheema

Deputy General Manager

email: maninderc@sebi.gov.in

Annexure A

Sr. No.

Name of the Company

ISIN

1.

Drillco Metal Carbides Limited

INE501N01012

2.

Shree Krishna Biotech Limited

INE571N01015

3.

NCC Bluewater Products Limited

INE630N01019

4.

Hindustan Foods Limited

INE254N01018

5.

Sanghi Corporate Services Limited

INE998M01012

6.

Bonanza Industries Limited

INE143N01013

7.

Yamini Investments Company Limited

INE457N01017

8.

Prima Agro Limited

INE297D01018

9.

Prima Industries Limited

INE723N01012

10.

Jolly Merchandise Limited

INE601N01010

11.

Dhanleela Investments & Trading Company Limited

INE683D01019

12.

Parekh Distributors Limited

INE528D01016

13.

Marvel Vinyls Limited

INE345L01018

14.

UNI Tubes Limited

INE184E01016

15.

Ratnamani Agro Industries Limited

INE679N01016

16.

E-Wha Foam India Limited

INE439N01015

17.

Four K Animation Limited

INE452N01018

18.

Suryakrupa Finance Limited

INE381N01019

19.

Radix Industries (India) Limited

INE576N01014

20.

Indo Euro Indchem Limited

INE319N01019

21.

Euro Finmart Limited

INE914E01024

22.

Pacheli Enterprises Limited

INE713M01015

23.

Eduexel Infotainment Limited

INE611F01015

 

Guest
on 03 November 2012
Notification No : CIR/MRD/DP/ 28 /2012
Published in Shares & Stock
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