BSE to suspend trading in securities of 22 cos

BSE to suspend trading in securities of 22 cos As per the provision of Securities Contract (Regulation) Rules, 1956 and the Rules, Bye-laws and Regulations of the Exchange, a Company listed on Bombay Stock Exchange Limited is required to comply with various clauses of the Listing Agreement, failing which trading in securities of such defaulting companies is liable for suspension. Accordingly, despite giving various reminders and subsequent show-cause notices, 22 companies, as mentioned in the list enclosed as Annexure 1, have failed to comply with various provisions of the Listing Agreement upto quarter ended June, 2007. Consequently, trading in securities of these 22 companies listed on Bombay Stock Exchange Limited will be suspended w.e.f. Monday, March 10, 2008, on account of non-compliance with the provisions of the Listing Agreement, for the following period(s) - in case, the company complies (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement on or before Thursday, February 28, 2008, trading in securities of the company will be suspended for 5 days i.e. upto Friday, March 14, 2008. in case a company complies (to the satisfaction of the Exchange), with all the provisions of the Listing Agreement on or before Wednesday, March 26, 2008, the trading in securities of a company will be suspended for 30 days i.e. upto Wednesday, April 09, 2008. however, in case the company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Wednesday, March 26, 2008, the suspension will continue till such time the Company complies with the procedure prescribed for revoking suspension in a scrip. Suspension of trading in securities of a company will be revoked only if the company complies with all the provisions of the Listing Agreement upto the latest quarter for which the compliances is required. Companies that have not complied with the respective clauses Scripcode Name of the company 502700 Arunoday Mills Ltd 500025 Assambrook Ltd 509499 Centron Industrial Alliance Ltd 501270 Chankya Investments Ltd 517391 Gamma Infoway Exalt Ltd 501111 Gold Rock Investments Ltd 531387 Hasti Finance Ltd 532047 K C Bokadia Films Ltd 506991 Noble Explochem Ltd 514028 Rajkamal Synthetics Ltd 532055 Rashel Agrotech Ltd 514280 Sanrhea Technical Textiles Ltd 522279 Satellite Engineering Ltd 511144 Saya Housing Finance Company Ltd 514209 Shamken Cotsyn Ltd 514152 Shamken Multifab Ltd 500386 Shamken Spinners Ltd 513548 Sharda Ispat Ltd 515003 Spartek Ceramics India Ltd 503297 Super Syncotex India Ltd 531418 Systel Infotech Ltd 517429 VJIL Consulting Ltd