Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment - SEBI - MRD/DoP/SE/Cir-7/06

GENERAL MANAGER MARKET REGULATION DEPARTMENT MRD/DoP/SE/Cir-7/06 July 06, 2006 The Executive Directors/Managing Directors/CEOs/ Administrators of all Stock Exchanges Dear Sir/Madam, Sub: Establishment of connectivity with both NSDL and CDSL- Shifting from Trade for Trade Segment (TFTS) to Rolling Segment 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 on or before 30.04.2006. 2. The stock exchanges may consider shifting the trading in these securities to rolling settlement subject to the following : a) At least 50% of non-promoter holdings as per clause 35 of Listing Agreement are in demat mode before shifting the trading in the securities of the company from TFTS to 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 Development Report for the month of July, 2006. Yours faithfully, V S SUNDARESAN Encl: a/a S.No Name of the Company ISIN 1 APEX INDUSTRIES LIMITED INE480H01011 2 BCL FORGINGS LIMITED INE528H01017 3 BEARDSELL LIMITED INE520H01014 4 CHAMPAGNE VINEYARDS LIMITED INE525H01013 5 DOYANG WOOD PRODUCTS LIMITED INE923E01017 6 EMPIRE INDUSTRIES LIMITED INE515H01014 7 FUNWORLD AND TOURISM DEVELOPMENT LIMITED INE288H01018 8 HOTAHOTI WOOD PRODUCTS LIMITED INE925E01012 9 KILPEST INDIA LIMITED INE994E01018 10 LAKELAND HOTELS LIMITED INE419H01019 11 MANJUSHREE EXTRUSIONS LIMITED INE435H01015 12 MONNET SUGAR LIMITED INE493H01014 13 MOUNTEVERST TRADING AND INVESTMENT LIMITED INE492H01016 14 POLYSPIN EXPORTS LIMITED INE914G01011 15 RAJENDRA ELECTRICAL INDUSTRIES LIMITED INE512H01011 16 RUTTONSHA INTERNATIONAL RECTIFIER LIMITED INE302D01016 17 SHARMA EAST INDIA HOSPITALS AND MEDICAL RESEARCH LIMITED INE465H01012 18 SOLIX TECHNOLOGIES LIMITED INE314H01012 19 SUNDAY EXPORTS LIMITED INE427H01012 20 THE THIRUMBADI RUBBER COMPNAY LIMITED INE344H01019