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/ 34 /2010

CIRCULAR CIR/MRD/DP/ 34 /2010 October 14, 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 June 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. AKC STEEL INDUSTRIES LTD INE169D01019 2. CONRAD MANUFACTURERS TRADERS LTD INE181L01017 3. SURAJ PRODUCTS LIMITED INE069E01019 4. KRISHNA FERRO PRODUCT LIMITED INE218L01017 5. KEERTHI INDUSTRIES LIMITED INE145L01012 6. INCAP FINANCIAL SERVICES LIMITED INE800D01019 7. GAZI FINANCIAL SERVICES INVESTMENTS LTD INE111L01014 8. IYKOT HITECH TOOLROOM LTD INE079L01013 9. BINNY LIMITED INE118K01011 10 AMULYA LEASING FINANCE LIMITED INE126J01016