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Company Date of De-Listing Effect Date Reason
DFM Foods 14-Mar-2023 05-Apr-2023 Trading Members of the Exchange are hereby informed that pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2021 as amended from time to time, the company has complied with the formalities for voluntary delisting of Equity shares. Accordingly, the trading in the equity shares of DFM Foods Limited (Scrip Code: 519588) will be discontinued w.e.f. Tuesday, March 28, 2023. Further the above scrip will be delisted from the Exchange records w.e.f. Wednesday, April 05, 2023. Trading Members may further note that the exit option will be kept open by the promoter/ acquirer of the company i.e. AI Global Investments (Cyprus) PCC Limited along with AI Darwin (Cayman) Limited (PAC) for the remaining public shareholders for a period of at least one year from the date of delisting at the rate of Rs. 467/- per Equity Share, being the exit price determined. Shareholders may send their option forms to the company at the below mentioned address: DFM Foods Limited 149, 1st Floor, Kilokari, Ring Road, Ashram, New Delhi, Delhi, 110014 Tel: 91-7290935048 Email: raju.tomer@dfmfoods.com Website: http://www.dfmfoods.com/ Company Secretary and Compliance Officer: Mr. Raju Singh Tomer Trading Members of the Exchange are requested to take a note of the above.
Sintex Inds. 03-Mar-2023 10-Mar-2023 Trading Members of the Exchange are hereby informed that pursuant to the Resolution Plan approved by the Hon'ble National Company Law Tribunal, Ahmedabad Bench vide its order February 10, 2023, under section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016, Sintex Industries Limited (the "Company") had applied for delisting of its equity shares.
Sterling Biotech 24-Feb-2023 03-Mar-2023 Trading Members of the Exchange are hereby informed that pursuant to Liquation order by the Hon'ble National Company Law Tribunal, Mumbai Bench dated November 11, 2022, Sterling Biotech Limited ("the Company") had applied for delisting of its equity shares. The Company has confirmed that it has complied with requirements of NCLT order dated November 11, 2022, for delisting. Further the above scrip will be delisted from the Exchange records w.e.f. Friday, March 03, 2022. Trading Members of the Exchange are requested to take a note of the above.
Detroit Inds. 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 523400 Company Name Detroit Industries Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Mideast (India) 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 500278 Company Name Mideast (India) Ltd. *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Pentamedia Graph 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 500329 Company Name Pentamedia Graphics Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Vishvas Projects 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 511276 Company Name Mefcom Agro Industries Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Vertical Indust. 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 515099 Company Name Vertical Industries Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Nu-Tech Corp. 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 526313 Company Name Nu Tech Corporate Services Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Bee Electronics 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 517203 Company Name Bee Electronic Machines Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Paramount Steels 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 513062 Company Name Sriyansh Steel Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Shreejal Info 22-Feb-2023 24-Feb-2023 Trading Members of the Exchange are hereby informed that the undermentioned 30 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from February 24, 2023 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009/2021("Regulations"). Scrip Code 506874 Company Name Shreejal Info Hubs Ltd *Consequences of compulsory delisting under SEBI (Delisting of Equity Shares), Regulations, 2009 are:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. · Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive - a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange; b) the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided. 2) Further, following consequences of compulsory delisting as per SEBI (Delisting of Equity Shares), Regulations, 2021 are applicable to the remaining companies in the aforementioned Table:- · The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange. · Promoters of these delisted companies would be required to purchase the shares from the public shareholders within three months of the date of delisting as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. · Further, in terms of Regulation 34 (1) of SEBI (Delisting of Equity Shares), Regulations, 2021, the delisted company, its whole-time directors, person(s) responsible for ensuring compliance with the securities laws, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing of any equity shares or act as an intermediary in the securities market for a period of 10 years from the date of such delisting. Further, as per provisions of Regulation 34(2) of the SEBI (Delisting of Equity Shares), Regulations, 2021, in case of companies whose fair value is positive - (a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters / promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (4) of regulation 33 of these regulations, as certified by the relevant recognized stock exchange; (b) the promoters, whole-time directors and person(s) responsible for ensuring compliance with the securities laws, of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as mentioned in clause (a) is provided. 3) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
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