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/ 38 /2010

CIRCULAR CIR/MRD/DP/ 38 /2010 December 28, 2010 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 during the month of September and October 2010. 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, Harini Balaji Deputy General Manager 022-26449372 email: [email protected] Annexure A Sr. No. Name of the Company ISIN No. 1. Santowin Polyesters Limited INE386L01012 2. Stanrose Mafatlal Investments Fin Ltd. INE441L01015 3. Mahamaya Steel Industries Limited INE451L01014 4. Adhunik Industries Limited INE452L01012 5. Tulive Developers Limited INE637D01015 6. Synthiko Foils Limited INE363L01011 7. Kirti Investments Limited INE507L01013 8. Southern Fuel Limited INE261K01019 9. Krishna Ventures Limited INE537L01010 10. Venmax Drugs And Pharmaceuticals Limited INE154G01022 11. Remidicherla Infra Power Limited INE331L01018 12. Ceeta Industries Limited INE760J01012 13. Banas Finance Limited INE521L01014 14. Parth Alluminium Limited INE501L01016