Notice No20210112-49Notice Date12 Jan 2021
CategoryCompany relatedSegmentEquity
SubjectSuspension of trading in securities of companies for non-compliances with provisions of certain Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Content

Pursuant to the provisions of Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 issued by Securities and Exchange Board of India (SEBI) with respect to Standard Operating Procedure (SOP) for suspension and revocation of equity shares of listed entities for non-compliance with provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Trading members are requested to note that the following will be effected:

 

1)    Trading in securities of the undermentioned companies will be suspended w.e.f February 12, 2021 (being 30 days from issue of this notice); on account of non-compliance with Regulation 17(1) &/or  18(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e., June 2020 & September 2020.

 

Sr No.

Scrip Code

Company Name

Regulation

 

1

526707

Alchemist Ltd. *

17(1)

2

532914

Arcotech Ltd *

17(1)

3

530191

Chromatic India Ltd.*

17(1)

4

533109

Euro Multivision Ltd.*

17(1)

5

518011

Keerthi Industries Ltd

17(1)

6

526538

Maximaa Systems Ltd

17(1) & 18(1)

7

508922

MSR India Ltd

17(1)

8

533008

OCL Iron and Steel Ltd

17(1)

9

512289

Shirpur Gold Refinery Ltd.*

17(1)

10

533216

Technofab Engineering Limited*

17(1)

11

524212

Wanbury Ltd

17(1)

* Companies are non-compliant at NSE (however, compliant at BSE); hence as per provisions of aforesaid SEBI circular(s), the company’s scrip will be suspended w.e.f February 12, 2021. 

 

2)    Freezing of the entire shareholding of the promoter in the noncompliant listed entity as well as all other securities held in the demat account(s) of the promoter w.e.f January 12, 2021 till further notice.

 

Trading Members may further note that:

 

a)    In case, the aforesaid companies comply (to the satisfaction of the Exchange) with all the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on or before February 9, 2021; trading in securities of the said companies will not be suspended.

 

b)    However, in case the aforesaid companies fail to comply with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the satisfaction of the Exchange on or before February 9, 2021; then:-

 

·         Trading in the securities of the companies would be suspended w.e.f. February 12, 2021, and the suspension will continue till such time the company complies and pays the fines.

 

·         15 days after suspension has been effected, trading in the shares of the non-compliant companies would be allowed on Trade for Trade basis in Z group only on the first trading day of every week for six months.

 

·       Revocation of suspension would be subject to the company further complying with the procedure and all extant norms prescribed for revocation of suspension.

 

For further clarification on the above, please email on bse.soplodr@bseindia.com

 

 

 

Abhijit Pai                                                                               Shyam Bhagirath

Dy. General Manager                                                             Manager

Listing Compliance                                                                    Listing Compliance

 

January 12, 2021