CIRCULAR

MRD/Do P/S E/Ci r-04/2009

March 26, 2009

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 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.

Yours faithfully,

S V MURALIDHAR RAO

Annexure A

Sr. No. Company Name ISIN
1. Exensys Software Solutions Limited INE947B01012
2 Perfectpac Limited INE759I01016
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

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