Notice No20210210-36Notice Date10 Feb 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 March 15, 2021 (being 30 days from issue of this notice); on account of non-compliance with Regulation 33 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

1

500029

Autolite (India) Ltd

2

513142

Balasore Alloys Ltd

3

542477

Gleam Fabmat Ltd #

4

539229

Majestic Research Services and Solutions Ltd #

5

503092

Pasupati Spinning & Weaving Mills Ltd

6

534535

Bio Green Papers Ltd

7

532271

Cybermate Infotek Ltd

8

540744

Mideast Integrated Steels Ltd

9

524764

Nutraplus India Ltd **

10

530807

Regaliaa Realty Ltd **

# The company has not complied with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended March 2020 & September 2020. Hence, the company will be suspended w.e.f March 15, 2021.

 

** Kindly also refer to the Exchange notice no. 20210112-47 dated January 12, 2021 and notice no. 20210119-42 dated January 19, 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 February 10, 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 March 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 March 9, 2021; then:-

 

·         Trading in the securities of the companies would be suspended w.e.f. March 15, 2021, and the suspension will continue till such time the company complies.  

 

·         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.

 

It may be noted that the following company is also non-compliant with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters i.e. June 2020 & September 2020; however, currently the company has been suspended vide Exchange notice no. 20200303-40 dated March 3, 2020.  

Sr. No.

Scrip Code

Company Name

1

511640

Sanghi Corporate Services Ltd

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

 

 

Sambhaji Solat                                                                       Manish Raval

Manager                                                                                  Deputy Manager

Listing Compliance                                                                    Listing Compliance

 

February 10, 2021