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/18/2010

CIRCULAR CIR/MRD/DP/18/2010 May 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 February and March 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 protected] Encl: a/a Annexure A Sr. No. Name of the Company ISIN 1. New Markets Advisory Limited INE800K01014 2. Global Securities Limited INE742K01018 3. Ravinay Trading Company Limited INE812K01019 4. KMC Speciality Hospitals (India) Limited INE879K01018 5. Upasana Finance Limited INE819K01014 6. Unitech International Limited INE929K01011 7. VSF Projects Limited INE923K01014 8. Lalphul Investments Limited INE948K01011 9. Oswal Overseas Limited INE906K01019 10. DJS Stock and Shares Limited INE234E01019 11. Vikalp Securities Limited INE186E01011 12. Tirupati Inks Limited INE 493K01018