labels: industry - general, bse
BSE to suspend firms for non-submission of quarterly results news
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.)

 

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BSE to suspend firms for non-submission of quarterly results