Securities and Exchange Board of India

CIRCULAR

CIR/MRD/DP/ 03 /2011

March 22, 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 – December 2010 & January 2011

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 December 2010 and January 2011.
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,

Rajesh Kumar Dangeti
Deputy General Manager
022-26449242
email: [email protected]

Annexure A

SR. NO. NAME OF THE COMPANY ISIN
1 SHREE SHALEEN TEXTILES LIMITED INE703L01 018
2 CARBO CERAMICS LIMITED INE711L01 011
3 BETEX INDIA LIMITED INE765L01017
4 KUMBHAT FINANCIAL SERVICES LIMITED INE795E01019
5 AGARWAL HOLDINGS LIMITED INE786K01015
6 LS INDUSTRIES LIMITED INE345D01023
7 R.S. INFRA-TRANSMISSION LIMITED INE658L01014
8 PARIJAT PAPER MILLS LIMITED INE447K01014
9 JAGANNATH ALLOYS LIMITED INE493L01016
10 SHUKRA BULLIONS LIMITED INE561 E01 015
11 KIRAN SYNTEX LIMITED INE293D01017
12 EMERGENT ENERGY AND SERVICES LIMITED INE668L01013
13 AMRIT-VILLA INVESTMENTS LIMITED INE145F01 014
14 SANGAL PAPERS LTD INE384D01022

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