Securities and Exchange Board of India
MRD/DoP/SE/Cir-25/2 008
August 01, 2008
The Executive Directors/Managing
Directors 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 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 during the months of March 2008 and April 2008.
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 Section II, item no. 13 of the Monthly/Quarterly Development Report.
Yours faithfully,
S V MURALIDHAR RAO
Encl: a/a
Annexure-A
Sr. No. | Name of the Company | ISIN |
1. | Gujarat Toolroom Limited | INE145J01016 |
2. | Enbee Trade & Finance Limited | INE993I01 011 |
3. | Nivedita Mercantile & Financing Limited | INE992I01013 |
4. | Sanjay Leasing Limited | INE734I01019 |
5. | Ocean Agro (India) Limited | INE049J01010 |
6. | Rajkumar Forge Limited | INE013J01016 |
7. | Photon Capital Advisors Limited | INE107J01016 |
8. | ANS Agro Industries Limited | INE234J01 018 |
9. | Oswal Industries Limited | INE269J01 014 |
10. | Mardia Samyoung Capillary Tubes Company Ltd | INE277E01 018 |
11. | Apeego Limited | INE485D01019 |
12. | State Bank of Bikaner and Jaipur * | INE648A01018 |
13. | State Bank Of Travancore * | INE654A01 016 |
14. | Ventura Guaranty Limited | INE139J01 019 |
15. | Hitkari Fibres Limited | INE173J01018 |
16. | Snowtemp Engineering Company Limited | INE143J01011 |
17. | Exelon Infrastructure Limited | INE500I01014 |
*Established connectivity with both the depositories pursuant to SEBI circular dated January 22, 2008