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/16/2010

CIRCULAR CIR/MRD/DP/16/2010 May 3, 2010 To, The Executive Directors/Managing Directors of 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 January 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. Tuni Textile Mills Limited INE560D01019 2. Max Heights Infrastructure Limited INE393F01010 3. Ashutosh Paper Mills Limited INE723K01018 4. Indergiri Finance Limited INE628F01019 5. Shree Rang Mark Travels Limited INE765K01019 6. Century 21st Portfolio Limited INE485K01014 7. KLK Electrical Limited INE125G01014 8. Regency Hospital Limited INE581K01010 9. Vishal Cotspin Limited INE513E01024 10. Linkson International Limited INE996E01013