Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement - SEBI - MRD/DoP/SE/Cir-25/2008

Chief General Manager Market Regulation Department-Division of Policy E-mail: [email protected] MRD/DoP/SE/Cir-25/2008 August 01, 2008 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 the months of March 2008 and April 2008. 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 Section II, item no. 13 of the Monthly/Quarterly Development Report. Yours faithfully, S V MURALIDHAR RAO Encl: a/a Annexure-A Sr. No. Name of the Company ISIN 1. Gujarat Toolroom Limited INE145J01016 2. Enbee Trade Finance Limited INE993I01011 3. Nivedita Mercantile Financing Limited INE992I01013 4. Sanjay Leasing Limited INE734I01019 5. Ocean Agro (India) Limited INE049J01010 6. Rajkumar Forge Limited INE013J01016 7. Photon Capital Advisors Limited INE107J01016 8. ANS Agro Industries Limited INE234J01018 9. Oswal Industries Limited INE269J01014 10. Mardia Samyoung Capillary Tubes Company Ltd INE277E01018 11. Apeego Limited INE485D01019 12. State Bank of Bikaner and Jaipur * INE648A01018 13. State Bank Of Travancore * INE654A01016 14. Ventura Guaranty Limited INE139J01019 15. Hitkari Fibres Limited INE173J01018 16. Snowtemp Engineering Company Limited INE143J01011 17. Exelon Infrastructure Limited INE500I01014 *Established connectivity with both the depositories pursuant to SEBI circular dated January 22, 2008