MRD/DoP/SE/Cir- 11 /06

September 13, 2006

The Executive Directors/Managing Directors/

Administrators of all Stock Exchanges

Dear Sir/Madam,

 Sub: Establishment of connectivity with both NSDL and CDSL- 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 on or before 30.06.2006.

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

1.At least 50% of non-promoter holdings as per clause 35 of Listing Agreement are in demat 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,


Encl: a/a


1. Apollo Sindhoori Capital Investmets Limited INE865C01014
2. Binayak Tex Processors Limited INE626H01019
3. Gopal Iron And Steels Co. (Gujarat) Limited INE641H01018
4. Indo Arya Central Transport Limited INE334H01010
5. Intec Securities Limited INE017E01018
6. KMF Builders & Developers Limited INE580H01018
7. M K Exim (India) Limited INE227F01010
8. Orind Exports Limited INE165E01015
9. Remi Process Plant And Machinery Limited INE513H01019
10. Risorgimento Industrial Company Limited INE290H01014
11. Uniroyal Marine Exports Limited INE602H01010
12. Zuari Forex Limited INE579H01010

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