Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement - SEBI - CIR/MRD/DP/16/2014

CIRCULAR CIR/MRD/DP/16/2014 May 16, 2014 To, All Stock Exchanges Dear Sir / Madam, Sub: Establishment of Connectivity with both depositories NSDL and CDSL Companies eligible for shifting from Trade for Trade Settlement (TFTS) to Normal Rolling Settlement 1. It is observed from the information provided by the depositories that the companies listed in Annexure A have established connectivity with both the depositories. 2. The stock exchanges may consider shifting the trading in these securities to normal Rolling Settlement subject to the following: a) At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar and Transfer Agent (RTA) and submit the same to the stock exchange/s. However, if an issuer-company does not have a separate RTA, it may obtain a certificate in this regard from a practicing company Secretary/Chartered Accountant and submit the same to the stock exchange/s. b) There are no other grounds/reasons for continuation of the trading in TFTS. 3. The Stock Exchanges are advised to report to SEBI, the action taken in this regard in the Monthly/Quarterly Development Report. Yours faithfully, Maninder Cheema Deputy General Manager email: [email protected] Annexure A Sr. No. Name of the Company ISIN 1. Milk Partners India Limited (Formerly Ravileela Dairy Products Ltd, Ravileela Dairy Products Pvt Ltd) INE301N01017 2. York Exports Limited INE057Q01018 3. Shree Karthik Papers Limited INE538D01015 4. Vitan Agro Industries Limited INE186Q01015 5. Meenakshi Enterprises Limited INE242Q01016 6. Asia Capital Limited INE131Q01011 7. Akashdeep Metal Industries Limited INE149Q01013 8. Mega Nirman Industries Limited (Formerly Daphene Investments And Properties Limited) INE216Q01010 9. Mercantile Ventures Limited (Formerly MCC Finance Limited, Excel Finance Limited) INE689O01013 10. SAB Industries Limited (Formerly Steel Strips and Alloys ltd, Asia Steel and Alloys Ltd.) INE137M01017 11. Potential Investments and Finance Limited INE919P01011 12. Tarini Enterprises Limited INE999P01013 13. Capital Trade Links Limited INE172D01021 14. Nishtha Finance And Investments (India) Limited INE217Q01018 15. Econo Trade (India) Limited INE937K01014 16. Associated Cereals Limited INE840I01014