Securities and Exchange Board of India

CIRCULAR

CIR/MRD/DP/ 14 /2011                                                                 December 20, 2011

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,

Harini Balali
Deputy General Manager
022-26449372

 

Annexure A

SR. NO. NAME OF THE COMPANY ISIN
1 Towa Sokki Limited INE311M01018
2 Atreya Petrochem Limited INE31 3M01 014
3 The Chemo-Pharma Laboratories Limited INE320M01019
4 Associated Fin Lease Limited INE290M01 014
5 Hindoostan Mills Limited INE832D01020
6 Naisargik Agritech (India) Limited INE360M01 015
7 Asianlak Capital And Finance Limited INE377M01 019
8 Thyrocare Laboratories Limited INE099M01 019
9 Moryo Industries Limited INE346M01 014
10 Vivo Bio Tech Limited INE380K01 017
11 Aroma Enterprises (India) Limited INE371M01012
12 Advance Lifestyles Limited INE900E01 015
13 Swagruha Infrastructure Limited INE587J01 019
14 RSC International Limited INE01 5F01019
15 Pithampur Steels Limited INE077H01015
16 Rahul Merchandising Limited INE149D01011
17 Himachal Fibres Limited INE723D01013
18 Monota Securities Limited INE815H01018
19 Nimbus Industries Limited INE470M01012
20 High Ground Enterprise Limited INE361M01013
21 Pentokey Organy (India) Limited INE702E01 015
22 Wyn Aqua Exports Limited INE393M01016

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