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| Your are on : Markets | IPO | Delisted Shares | As on: Aug 20,2018 02:58 AM |
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| Company Name |
Date of De-listing |
Effect Date |
Reason |
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Kalyanpur Cement
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12-Jul-18 |
19-Jul-18 |
Trading Members of the Exchange are hereby informed that pursuant to resolution plan approved by Hon'ble National Company Law Tribunal (NCLT) under section 31 of the Insolvency and Bankruptcy Code, 2016 read with sub-regulation (3)(a) of regulation 3 of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Kalyanpur Cements Limited ("the Company") has applied for delisting of equity shares.
The Company has confirmed that it has complied with requirements of NCLT order dated January 31, 2018 for delisting and also with the requirements of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009.
Accordingly, trading in the equity shares of Kalyanpur Cements Limited (Scrip Code: 502150) will be discontinued w.e.f. Thursday, July 19, 2018.
Further the above scrip will be delisted from the Exchange records w.e.f. Thursday, July 26, 2018.
Trading Members of the Exchange are requested to take a note of the above. |
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Polaris Consulta
|
11-Jul-18 |
25-Jul-18 |
Trading Members of the Exchange are hereby informed that pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2009 and SEBI (Delisting of equity shares) (Amendments) Regulations, 2015, the company has complied with the formalities for voluntary delisting of equity shares. Accordingly, the trading in the equity shares of Polaris Consulting & Services Limited (Scrip Code: 532254) will be discontinued w.e.f Wednesday, July 25, 2018.
Further the above scrip will be delisted from the Exchange records w.e.f Wednesday, August 01, 2018.
Trading Members may further note that the exit option will be kept open by the Acquirer Virtusa Consulting Services Private Limited for the remaining public shareholders for a period of one year from the date of delisting at the rate of Rs. 480/- (Rupees Four Hundred Eighty only) per Equity Share, being the exit price determined.
Shareholders may send their option forms to the Registrar at the below mentioned address:
At the Registrar:
Karvy Computershare Private Limited
Registered Office: Karvy Selenimum Tower B, Plot
Number 31 and 32 | Financial District, Gachibowli,
Hyderabad - 500 032
Tel: (91 40) 6716 2222
Fax: (91 40) 2343 1551
Contact Person: Murali Krishna
Email:Polaris.delisting@karvy.com
Website: www.karvycomputershare.com
Trading Members of the Exchange are requested to take a note of the above. |
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Harsh Polymers
|
02-Jul-18 |
04-Jul-18 |
Trading Members of the Exchange are hereby informed that the 210 companies (given in Annexure I) that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from July 4, 2018 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 ("Regulations").
Further, Trading Members of the Exchange are hereby informed that the 6 companies (given in Annexure II) that have been compulsorily delisted by NSE, would be delisted from the platform of the Exchange, with effect from July 4, 2018 pursuant to order of the Delisting Committee of the Exchange in terms of Rule 21(2) (b) of the Securities Contracts (Regulation) Rules 1957 ("Regulations"). Rule 21(2) (b) of the Securities Contracts (Regulation) Rules 1957, states that "If the securities is delisted under clause (1),... the said securities shall be delisted from all recognized stock exchanges".
1) As per SEBI Delisting Regulations, 2009 the following consequences of compulsory delisting would apply to the said companies:
· 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 will 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 of Delisting Regulations, 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.
2) As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the time promoters of the Company provide an exit option to the public shareholders in terms of value determined by the Valuer, the following consequences of compulsory delisting would also apply:
· Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares.
· Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group.
· The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company.
3) These companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Companies being compulsorily delisted w.e.f July 4, 2018 in terms of Rule 21(2)(b) of the Securities Contracts (Regulations) Rules, 1957.
Note:
*Delisted by NSE pursuant to liquidation. As per the guidance received from SEBI, the consequences stated in Regulation 24 of the SEBI Delisting Regulations, 2009, would be applicable based on the date of Winding-up order / Liquidation order from concerned Registrar of Companies / Official Liquidator (OL).
ANNEXURE - I
Companies being compulsorily delisted w.e.f. July 4, 2018 Scrip Code:514370 Company Name:Harsh Polymers India Ltd |
|
Warden Cons.
|
02-Jul-18 |
04-Jul-18 |
Trading Members of the Exchange are hereby informed that the 210 companies (given in Annexure I) that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from July 4, 2018 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 ("Regulations").
Further, Trading Members of the Exchange are hereby informed that the 6 companies (given in Annexure II) that have been compulsorily delisted by NSE, would be delisted from the platform of the Exchange, with effect from July 4, 2018 pursuant to order of the Delisting Committee of the Exchange in terms of Rule 21(2) (b) of the Securities Contracts (Regulation) Rules 1957 ("Regulations"). Rule 21(2) (b) of the Securities Contracts (Regulation) Rules 1957, states that "If the securities is delisted under clause (1),... the said securities shall be delisted from all recognized stock exchanges".
1) As per SEBI Delisting Regulations, 2009 the following consequences of compulsory delisting would apply to the said companies:
· 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 will 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 of Delisting Regulations, 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.
2) As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the time promoters of the Company provide an exit option to the public shareholders in terms of value determined by the Valuer, the following consequences of compulsory delisting would also apply:
· Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares.
· Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group.
· The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company.
3) These companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Companies being compulsorily delisted w.e.f July 4, 2018 in terms of Rule 21(2)(b) of the Securities Contracts (Regulations) Rules, 1957.
Note:
*Delisted by NSE pursuant to liquidation. As per the guidance received from SEBI, the consequences stated in Regulation 24 of the SEBI Delisting Regulations, 2009, would be applicable based on the date of Winding-up order / Liquidation order from concerned Registrar of Companies / Official Liquidator (OL).
ANNEXURE - I
Companies being compulsorily delisted w.e.f. July 4, 2018 Scrip Code:512269 Company Name:Warden Construction & Finance Ltd |
|
Beckons Inds.
|
02-Jul-18 |
04-Jul-18 |
Trading Members of the Exchange are hereby informed that the 210 companies (given in Annexure I) that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from July 4, 2018 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 ("Regulations").
Further, Trading Members of the Exchange are hereby informed that the 6 companies (given in Annexure II) that have been compulsorily delisted by NSE, would be delisted from the platform of the Exchange, with effect from July 4, 2018 pursuant to order of the Delisting Committee of the Exchange in terms of Rule 21(2) (b) of the Securities Contracts (Regulation) Rules 1957 ("Regulations"). Rule 21(2) (b) of the Securities Contracts (Regulation) Rules 1957, states that "If the securities is delisted under clause (1),... the said securities shall be delisted from all recognized stock exchanges".
1) As per SEBI Delisting Regulations, 2009 the following consequences of compulsory delisting would apply to the said companies:
· 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 will 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 of Delisting Regulations, 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.
2) As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the time promoters of the Company provide an exit option to the public shareholders in terms of value determined by the Valuer, the following consequences of compulsory delisting would also apply:
· Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares.
· Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group.
· The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company.
3) These companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI.
Companies being compulsorily delisted w.e.f July 4, 2018 in terms of Rule 21(2)(b) of the Securities Contracts (Regulations) Rules, 1957.
Note:
*Delisted by NSE pursuant to liquidation. As per the guidance received from SEBI, the consequences stated in Regulation 24 of the SEBI Delisting Regulations, 2009, would be applicable based on the date of Winding-up order / Liquidation order from concerned Registrar of Companies / Official Liquidator (OL).
ANNEXURE - I
Companies being compulsorily delisted w.e.f. July 4, 2018 Scrip Code:531937 Company Name:Beckons Industries Ltd |
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