Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

To,

All Stock Exchanges
Dear Sir / Madam,

Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

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.

2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following:

a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal 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.

b) 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 the Monthly/Quarterly Development Report.
Yours faithfully,
Harini Balali
Deputy General Manager
022-26449372
email: harinib@sebi.gov.in

 

 

ANNEXURE-A

 

SR.

NO.

NAME OF THE COMPANY

ISIN

1.

Jalan Metallurgical Limited INE908L01013

2.

Vaibhav Heavy Vehicles Limited INE567E01012

3.

Pankhil Finlease Limited INE156M01017

4.

LWS Knitwear Limited INE281M01013

5.

Galaxy Agrico Exports Limited INE803L01016

6.

ABC Gas (International) Limited INE173M01012

7.

Confidence Trading Company Limited INE180M01017

8.

Integrated Proteins Limited INE177M01013

9.

Trendy Knitwear Limited INE219M01013

10.

TCL Technologies Limited INE094M01010

11.

Apis India Ltd INE070K01014

12.

The Bisra Stone Lime Company Limited INE719E01019

13.

Dhvanil Chemicals Limited INE008M01010

14.

JRI Industries & Infrastructure Limited INE022M01011

15.

Sree Satyanarayana Spinning Mills Limited INE563E01011

16.

Rapid Investments Limited INE154M01012

17.

Tirupati Industries (India) Limited INE329E01017

18.

Narven Finance and Investments Limited INE984L01014

19.

Modella Woollens Limited INE380D01012

20.

Malay Commercial Enterprises Limited INE505L01017

 

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