MRD/Do P/S E/Ci r-04/2009
March 26, 2009
The Executive Directors/Managing Directors
of all Stock Exchanges
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 December 2008 and January 2009.
2.he stock exchanges may consider shifting the trading in these securities to normal 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 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.
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.
S V MURALIDHAR RAO
|Sr. No.||Company Name||ISIN|
|1.||Exensys Software Solutions Limited||INE947B01012|
|3.||Shivagrico Implements Ltd||INE092H01014|
|4.||Shri Krishna Devcon Ltd||INE997I01012|
|5.||CAT Financial Services Limited||INE099F01013|
|6.||Arunjyoti Enterprises Limited||INE392H01018|
|7.||Polytex India Limited||INE012F01016|
|8.||J. Taparia Projects Limited||INE075K01013|
|9.||Passari Cellulose Ltd||INE008F01014|
|10.||Gujarat Wedge Wire Screens Limited||INE090J01014|
|11.||Virgo Polymers (India) Limited||INE464H01015|
|12.||MAC Charles (India) Limited||INE435D01014|