CIRCULAR

CIR/MRD/DP/ 09/2014

March 11, 2014

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:

3.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.

1.There are no other grounds/reasons for continuation of the trading in TFTS.

2.The Stock Exchanges are advised to report to SEBI, the action taken in this regard
in the Monthly/Quarterly Development Report.

Yours faithfully,

Maninder Cheema
Deputy General Manager
email: maninderc@sebi.gov.in

Annexure A

Sr. No. Name of the Company ISIN
1. Oseaspre Consultants Limited INE880P01015
2. Technojet Consultants Limited INE881P01013
3. Ojas Asset Reconstruction Company Ltd INE457P01012
4. Amarnath Securities Limited I NE745P0 1010
5. Dhyana Finstock Limited INE774P01010
6. Quasar India Limited INE855P01017
7. Achal Investments Limited INE860P01017
8. Boston Leasing and Finance Limited INE962P01011
9. Triveni Enterprises Limited INE916P01017
10. Birdhi Chand Pannalal Agencies Limited INE795P01015
11. Crown Tours Limited INE969E01010
12. Creative Merchants Limited INE896P01011

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