ESTABLISHMENT OF
CONNECTIVITY WITH BOTH DEPOSITORIES NSDL AND CDSL – COMPANIES ELIGIBLE FOR
SHIFTING FROM TRADE FOR TRADE SEGMENT (TFTS) TO ROLLING SEGMENT
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 month of January 2008.
2.
The stock exchanges may consider shifting the
trading in these securities to 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 TFT segment to Rolling segment.
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 thisregard
in Section II, item no. 13 of the Monthly/Quarterly Development Report.
|
Sr. No. |
Name of company |
ISIN No. |
|
1 |
SRS Real Infrastructure Limited |
INE953I01015 |
|
2 |
Vishal Malleables Limited |
INE661G01018 |
|
3 |
Aspinwall & Company Limited |
INE991I01015 |
|
4 |
SRS Exhibitors & Hoteliers Ltd. |
INE002J01019 |
|
5 |
Prakash Woollen Mills Limited |
INE523I01016 |
|
6 |
Frontier Springs Limited |
INE572D01014 |
|
7 |
Ram Kaashyap Investment Limited |
INE736I01014 |