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BSE to suspend trading in securities of 37 companies for non-compliances of various clauses of the Listing Agreement

November 27th, 2007

BSE to suspend trading in securities of 37 companies for non-compliances of various clauses of the Listing Agreement

As per the provision of Securities Contract (Regulation) Rules, 1956 and the Rules, Bye-laws and Regulations of the Exchange, a Company listed on Bombay Stock Exchange Limited is required to comply with various clauses of the Listing Agreement, failing which trading in securities of such defaulting companies is liable for suspension.

Accordingly, despite giving various reminders and subsequent show-cause notices, 37 companies, as mentioned in the list enclosed as Annexure 1, have failed to comply with various provisions of the Listing Agreement upto quarter ended March, 2007.

Consequently, trading in securities of these 37 companies listed on Bombay Stock Exchange Limited will be suspended w.e.f. Monday, December 31, 2007, on account of non-compliance with the provisions of the Listing Agreement, for the following period(s) -
(i)    in case, the company complies (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement on or before Thursday, December 20, 2007, trading in securities of the company will be suspended for 5 days i.e. upto Friday, January 04, 2008.
(ii)    in case a company complies (to the satisfaction of the Exchange), with all the provisions of the Listing Agreement on or before Monday, January 14, 2008, the trading in securities of a company will be suspended for 30 days i.e. upto Tuesday, January 29, 2008.
(iii)     however, in case the company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Monday, January 14, 2008, the suspension will continue till such time the Company complies with the procedure prescribed for revoking suspension in a scrip, or upto Tuesday, January 29, 2008 whichever is later.

Suspension of trading in securities of a company will be revoked only if the company complies with all the provisions of the Listing Agreement upto the latest quarter for which the compliances is required.

Kalyan S. Bose
Head – Corporate Affairs

November 27, 2007
Encl: as above
ANNEXURE 1

Sr. No.    Scrip Code    Company Name
1.        530833    Abee Info Consumables Ltd.
2.        523120    Ador Multiproducts Ltd.
3.        526628    Ajwa Fun World & Resort Ltd.
4.        511694    Alpine Capital Services Ltd.
5.        507872(*)    Ashnoor Textile Mills Ltd
6.        524594    Ashok Alco Chem Ltd.
7.        530891    Bhandari Udhyog Ltd.
8.        501827    Central Provinces Railways Company Ltd.
9.        531670    Classic Biotech & Exports Ltd.
10.        526959    Cost Plus Credit Capital Ltd.
11.        522001    Cranex Ltd.
12.        532417    e.Star Infotech Ltd.
13.        532308    Eonour Technologies Ltd.
14.        526532    Essen Supplements India Ltd.
15.        531478    Esskay Telecom Ltd.
16.        500153(*)    Ganesh Benzoplast Ltd
17.        513337    Gujarat Toolroom Ltd.
18.        531109    Ishan Dyes & Chemicals Ltd.
19.        504072 (*)    JEM Industries Ltd
20.        530027    JRC Industries Ltd.
21.        523876    Jyoti Overseas Ltd.
22.        524701    Kedia Chemical Industries Ltd.
23.        531692    Khyati Multimedia Entertainment Ltd.
24.        531274    Kinetic Trust Ltd.
25.        513703    Kumar Wire Cloth Manufacturing Company Ltd.
26.        532127    Mobile Telecommunications Ltd.
27.        532340    Omni AXs Software Ltd.
28.        531735    Prism Finance Ltd.
29.        526494    Promact Plastics Ltd.
30.        522257    Rajoo Engineers Ltd.
31.        531135    S&Y Mills Ltd.
32.        524703    Sandu Pharmaceuticals Ltd.
33.        532315    Telesys Software Ltd.
34.        513063    Trans-Freight Containers Ltd.
35.        531962    Valley Indiana Leisure Ltd.
36.        509038    Voltaire Leasing & Finance Ltd.
37.        509419    Wopolin Plastics Ltd.

(*) Already suspended earlier

Entry Filed under: Equity Markets, BSE