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Establishment of Connectivity with depositories NSDL & CDSL



Chief General Manager

Market Regulation Department-Division of Policy

E-mail: mdrao@sebi.gov.in

MRD/DoP/SE/Cir -32/2008

November 21, 2008

The Executive Directors/Managing Directors

of 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 during June-August 2008.

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.

Yours faithfully,

S V MURALIDHAR RAO

Encl: a/a

Annexure A

Sr. No. Name of the Company ISIN

1. Phaarmasia Ltd INE486I01016

2. Caplin Point Laboratories Ltd INE475E01018

3. SYLPH Technologies Ltd. INE706F01013

4. SEAX Global Ventures Ltd INE590F01011

5. Malabar Trading Company Ltd INE438D01018

6. Kanani Industries Ltd INE879E01011

7. Duroflex Engineering Ltd INE379J01011

8. Bio Green Industries Ltd INE756D01013

9. Beryl Securities Ltd INE508J01015

10. Sturdy Industries Ltd INE134F01018

11. Diamant Investment & Finance Ltd INE206I01018

12. Deepak Industries Ltd INE485J01016

13. Jhaveri Credits and Capital Ltd INE865D01012

14. Anand Credit Ltd INE703J01012

15. JMD Telefilms Industries Ltd INE047E01015

16. Master Chemicals Limited INE523D01017

17. Ficon Lease and Finance Ltd INE755J01012

18. Gujarat JHM Hotels Ltd INE596J01010

19. Shree Nath Commercial & Finance Ltd INE490J01016

20. Sanrhea Technical Textiles Ltd INE589J01015

21. BMW Industries Ltd INE374E01013

22. Raghava Estates Ltd INE348J01016

23. Kedia Construction Company Ltd INE511J01019

24. Prism Informatics Ltd INE389J01010

25. JTL Infra Ltd INE391J01016

26. Kuberkamal Industrial Investment Ltd INE509J01013

27. Explicit Finance Ltd INE335G01019

28. Remi Securities Ltd INE592J01019

29. Vaghani Techno-Build Limited INE554H01021

 










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