Chief General Manager

Market Regulation Department-Division of Policy

E-mail: mdrao@sebi.gov.in 

MRD/DoP/SE/Cir-16/2007

December 24, 2007

The Executive Directors/Managing Directors/ Administrators 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 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 months of July 2007 to October 2007.

2.The stock exchanges may consider shifting the trading in these securities to rolling settlement subject to the following:

1.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 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.

2.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

S. No. Name of the Company ISIN
 1 Coxswain Technologies Limited INE390I01010
2 National Mineral Development Corpn Ltd INE584A01015
 3 Techno Forge Limited INE305I01018
 4 Ari Consolidated Investments Limited INE233I01012
 5 PFL Infotech Limited INE600F01018
 6 S S Forgings Engineering Limited INE233G01016
7 Porwal Auto Components Limited INE386I01018
8 Baid Leasing And Finance Company Limited INE020D01014
9 Trimurthi Drugs & Pharmaceuticals Limited INE314I01010
10 R V Investment & Dealers Limited INE423I01019
11 A V Cottex Limited INE355H01015
12 Access Global Limited INE714G01015
13 Bemco Hydraulics Limited INE142E01014
14 Good Luck Steel Tubes Limited INE127I01016
15 Paramount Cosmetics (India) Limited INE143I01013
16 Sonal Adhesives Limited INE344I01017
17 Associated Hotels Limited INE512I01019
18 Mini Diamonds (India) Limited INE281E01010
19 Hindustan Copper Limited INE531E01018
20 Bervin Investment & Leasing Limited INE348I01018
21 The Anup Engineering Limited INE628I01013
22 Kausar India Limited INE646I01015
23 Progressive Services Limited INE568I01011
24 Velan Hotels Limited INE548D01014
25 Manabarrie Tea Company Limited INE273E01017
26 Lesha Steels Limited INE207H01018
27 Shri Chlochem Limited INE078I01011
28 Neha International Limited INE874D01022
29 Kapil Cotex Limited INE393H01016
30 Meenakshi (India) Limited INE208H01016
31 Katare Spinnign Mills Limited INE498G01015
32 Parshwanath Housing Finance Corporation Limited INE635I01018
33 Dudhoria Construction Company Limited INE556I01016
34 Natraj Financial & Services Limited INE510H01015

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