Consequently, trading in securities of these 12 companies will be suspended w.e.f. Thursday, February 24, 2011; on account of non-compliance with the provisions of the Listing Agreement, for the following period(s) –
(i) In case, the company complies (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement on or before Monday, February 14, 2011;trading in securities of the company will be suspended for Five Trading Days i.e. upto Thursday, March 3, 2011.
(ii) In case a company complies (to the satisfaction of the Exchange), with all the provisions of the Listing Agreement on or before Friday, March 11, 2011; the trading in securities of a company will be suspended for 30 days i.e. upto Friday, March 25, 2011.
(iii) However, in case the company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Friday, March 11, 2011; the suspension will continue till such time the Company complies with the procedure prescribed for revoking suspension in a scrip.
It may be noted that suspension of trading in securities of a company will be revoked only if the company has complied with all the provisions of the Listing Agreement upto the latest quarter for which the compliances are required.
Further, the Trading Members are also hereby informed that, the under mentioned 4 companies, have failed to comply with various provisions of the Listing Agreement within the specified time limits , till quarter ended September 2010.
Sr. No. | Scrip code | Name of the company |
1 | 532161 | Baffin Engineering Projects Ltd |
2 | 531494 | Navkar Builders Ltd |
3 | 531962 | Valley Indiana Leisure Ltd. |
4 | 524796 | Vardhaman Laboratories Ltd |
The trading in the securities of above mentioned 4 companies will be suspended for 5 trading days from Thursday, February 3, 2011 to Wednesday, February 9, 2011 (both days inclusive), on account of late compliance with the provisions of the Listing Agreement
If any of the Trading Members require any further clarification on the above, they may please contact Ms. Smita Dave (22728073) or Ms. Arpita Joshi (22728384).