BSE to suspend firms for non-submission of quarterly results
By Our Markets Bureau | 23 May 2003
Mumbai:
The Bombay Stock Exchange (BSE), which regularly monitors
the status of issuer compliance to various requirements
of the Listing Agreement, says 27 companies have failed
to submit results for the quarters ending September and
December 2002 as per the requirements of Clause 41 of
the agreement.
"The
said companies were issued show-cause notices and reminders.
But the companies have failed to comply with the requirements,"
says Dr Bandi Ram Prasad, chief economist and general
manager (corporate communications), BSE. "So, the
BSE has decided to suspend trading in the securities of
the said 27 companies with effect from 2 June 2003 until
further notice."
List of companies to be suspended:
1) *Arun Varun Trade & Investment (504390)
2) Bengal Steel Industries (512404)
3) CMI (517330)
4) *Continental Valve (522041)
5) Dollex Industries (531367)
6) Elango Industries (513452)
7) Elbee Services (526624)
8) Fintech Communication (531754)
9) Giriraj Print Plast (532037)
10) Gujarat Texspin (521129)
11) Gwalior Polypipes (506987)
12) *Hifco Marvel (509084)
13) Indore Wire Co (504784)
14) *Jahanri Trades & Finance (512111)
15) Jaju Enterprises (530187)
16) *Leasing Finance India (511417)
17) Netvista Information Tech (530811)
18) Nova Granites India (526570)
19) Pharma Com India (516110)
20) Pinky Chemicals (524671)
21) *RR Securities (530917)
22) *Raasi Finance & Investment (511153)
23) Rockline Project (531704)
24) Satyam Cement (500377)
25) Seax Leather Exports (526843)
26) Somani Cements Co (518071)
27) Southern Herbals (500395)
(Scrip
code in brackets. Out of 27 companies, trading in the
scrips of seven companies (marked *) are already suspended
by the BSE for various other violations.)