Mumbai: The Bombay Stock Exchange (BSE) has decided to suspend trading in securities of 19 companies for non-compliance of various clauses of the listing agreement up to the quarter ended June 2008.
The trading in securities of these companies will be suspended with effect from 16 March, unless they comply with all the provisions of the listing agreement, a BSE statement said here on Friday.
As per the provision of the Securities Contract (Regulation) Rules, 1956, and the Rules, Bye-laws and Regulations of the Exchange, a company listed on the BSE is required to comply with various clauses of the listing agreement, failing which trading in securities of such defaulting companies is liable for suspension.
These firms are Dil Vikas Finance Ltd, EPIC Enzymes, Pharmaceuticals & Industrial Chemicals Ltd, EZ-Comm Trade Technologies Ltd, Gold Rock Investments Ltd, Gujarat Inject Kerala Ltd, Hasti Finance Ltd, Jalpac India Ltd, Jog Engineering Ltd, Kailash Auto Finance Ltd, it said.
Karan Woo Sin Ltd, Kedia Vanaspati Ltd, Kinetic Trust Ltd, Manipal Finance Corporation Ltd, Monozyme India Ltd, Ocean Infrastructure Ltd, Rishab Special Yarns Ltd, Santogen Exports Ltd, Stresscrete India Ltd and Transcon Research & Infotech Ltd, also comprise the list, it said.