MUMBAI, June 21: The Bombay Stock Exchange (BSE) has decided to suspend 48 companies, which have failed to comply with various provisions of the Listing Agreement upto quarters ended September 2011 and December 2011.
Following are the companies including Nuchem Ltd, Parekh Platinum Ltd, Kutch Salt & Allied Industries Ltd, Sagar Systech Ltd, Mehta Integrated Finance Ltd, Sai Jeevadhara Finance Ltd, Ascent Exim India Ltd, Stocknet International Ltd, ABC Gas International Ltd,Starvox Electronics Ltd, Mukesh Strips Ltd, Integra Switchgear Ltd,Umred Agro Complex Ltd, Integrated Proteins Ltd, Chitradurga Spintex Ltd, SM Energy Teknik & Electronics Ltd, Haryana Leather Chemicals Ltd, JMDE Packaging & Realties Ltd, SVC Superchem Ltd, SS Organics Ltd, Pretto Leather Industries Ltd, Aadi Industries Ltd, Ancent Software nternational Ltd, Alpha Hi-tech Fuel Ltd, Praveen Properties Ltd,Concurrent (India) Infrastructure Ltd, Pramada Finvest Ltd, Transcon Research & Infotech Ltd, Sparc Systems Ltd, Women Networks Ltd, Khodiyar Industries Ltd, SGN Telecoms Ltd, MYM Technologies Ltd, Unitech International Ltd, Sanguine Media Ltd, Millennium Cybertech Ltd, Sindhu Trade Links Ltd, Platinum Corporation Ltd, SKM Egg Products Export (India) Ltd, Zigma Software Ltd, Kaashyap Technologies Ltd, Vital Communications Ltd, Indus Networks Ltd, IKF Technologies Ltd, Meghmani Organics Ltd, Sark Systems India Ltd, Midvalley Entertainment Ltd and Teledata Marine Solutions Ltd.
Trading in securities of these 48 companies will be suspended from July 11, 2012 (being 15 trading days from issue of notice), a notice issued by BSE said.
In case, the company complies (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement on or before Tuesday, July 3, 2012, trading in securities of the company will be suspended for five trading days, upto July 17, 2012.
However, in case the company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Tuesday, July 3, 2012; the suspension will continue till such time the Company complies with the procedure prescribed for revoking suspension in a scrip and the company complies with all extant norms for revocation of suspension laid out by the Exchange. It may be noted that suspension of trading in securities of a company will be revoked only if the company has complied with all the provisions of the Listing Agreement upto the latest quarter for which the compliances are required, it added. (UNI)