Trading and settlement of trades in dematerialised securities - SEBI - SMDRP/POLICY/CIR-27/2001

Circulars SECURITIES AND EXCHANGE BOARD OF INDIA SECONDARY MARKET DEPARTMENT Mittal Court, B Wing, First Floor, 224, Nariman Point, Mumbai 400 021 SMDRP/POLICY/CIR-27/2001 April 16, 2001 To, All Stock Exchanges/Depositories/ Custodians and AMFI/RAIN Dear Sirs, Trading and settlement of trades in dematerialised securities Please refer to our earlier circular no. SMDRP/Policy/Cir-49/2000 dated October 16, 2000 advising that there should be a time gap of three months between the date for establishing connectivity by the companies with both the depositories and the date of commencement of compulsory dematerialised trading. It was further advised that the date announced for compulsory dematerialised trading for the scrips as per SEBI circular no. SMDRP/POLICY/Cir-23/2000 dated May 29, 2000 would henceforth be treated as the date by which the company should establish connectivity with both the depositories. The compulsory dematerialized trading in these companies will commence after three month from that date. It was also mentioned in the circular that the companies which fail to establish connectivity with both the depositories on the scheduled date would be traded only on the 'trade for trade' settlement window of the exchanges from the following settlement period. In accordance with the aforementioned circulars dated May 29, 2000 and October 16, 2000, out of the 280 scrips required to establish connectivity with both the depositories by March 26, 2001, 129 companies have now established connectivity. These 129 scrips (Serial No. 1 to 129of annexure 'A') would be traded compulsorily in dematerialized form by all investors with effect from June 25, 2001. The 142 scrips (Serial No. 130 to 271 of annexure 'A') which have not established connectivity would be traded only on trade for trade segment of the stock exchanges, from the settlement period commencing on or immediately after April 23, 2001. Currently scrips of 636 companies have been included for trading only on 'trade for trade' settlement window of the exchanges. Out of these, 55 companies (Serial Nos. 272 to 326of annexure 'A') have established connectivity with both the depositories. These scrips shall be traded on the normal trading segment where deliveries can be made either in physical or dematerialised form with effect from April 30, 2001 and compulsorily in dematerialised form 3 months after that date i.e. from July 30, 2001. Yours faithfully, P. K. KURIACHEN DEPUTY GENERAL MANAGER SECONDARY MARKET, DEPOSITORIES, RESEARCH PUBLICATIONS DEPARTMENT Annexure A S.No Name of the Company SCRIPS (serial no s 01 to 129) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM JUNE 25, 2001 1 ADD-LIFE PHARMA LTD 2 AHLUWALIA CONTRACTS (I) LTD 3 AMTEK INDIA LTD 4 ANSAL BUILDWELL LTD 5 APOLLO INVESTMENTS LTD 6 ARO GRANITE INDUSTRIES LTD 7 AUCKLAND INTERNATIONAL LTD 8 AUTOMOBILE CORP OF GOA LTD 9 B S R FIN. CONSTRUCTION LTD 10 BAJAJ PLASTICS LTD. 11 BANARAS BEADS LTD 12 BHAGWANDAS AUTO FINANACE LTD 13 BHARAT STARCH INDUSTRIES LTD 14 BIJCO HOLDINGS LTD 15 BLUE CHIP INDIA LIMITED 16 BOBSHELL ELECTRODES LTD 17 BRIDGE SECURITIES LTD. 18 CENTURY LAMINATING COMPANY LTD 19 CHECONS LTD 20 CHOKSI TUBE CO. LTD 21 CLASSIC LEASING FINANCE LTD 22 COMPETENT AUTOMOBILES CO.LTD 23 DFM FOODS LTD 24 DHARANI SUGARS CHEMICALS LTD 25 DOVER SECURITIES LTD 26 DPIL LTD (for DARJEELING PLANTATIONS INDUSTRIES LTD) 27 DUTRON POLYMERS LTD 28 EASTERN DOOARS TEA CO LTD 29 ECE INDUSTRIES LTD (for ELECTRIC CONSTRUCTION EQUIPMENT CO. LTD) 30 EMAMI PAPER MILLS LTD 31 EMKAY CONSULTANTS LTD 32 ENCORE INFOSYS LTD. 33 ESSKAY TELECOM LTD 34 FICOM ORGANICS LTD 35 FORTIS FINANCIAL SERVICES LTD 36 G I S LTD. 37 G M BREWERIES LTD 38 GANGOTRI TEXTILES LTD 39 GINNI FILAMENTS LTD 40 GLOBE (INDIA) LTD 41 GORDON HERBERT (INDIA) LTD 42 GRANULES INDIA LTD 43 GUJARAT APOLLO EQUIPMENTS LTD 44 H.P.COTTON TEXTILE MILLS LTD 45 HAVELLS INDIA LTD 46 HERITAGE HOUSING FINANCE LTD 47 HINDOOSTAN SPINNING WEAWING MILLS LTD 48 HINDUSTAN VIDYUT PRODUCTS LTD (for, THE INDIAN ALUMINIUM CABLES LTD) 49 HISAR METALS INDUSTRIES LTD 50 INDIA POLYFIBRES LTD. 51 INNOVATIVE TECH PACK LTD 52 INTER STATE FINANCE LTD 53 INTERNATIONAL COMBUSTION (I) LTD 54 J K PHARMACHEM LTD 55 JAI CORP LIMITED 56 JASCH INDUSTRIES LTD 57 JECO EXPORTS FINANCE LTD 58 KAKATIYA CEMENT SUGAR INDUSTRIES LTD 59 KANEL OILS EXPORTS INDUSTRIES LTD 60 KARUR VYSYA BANK LTD 61 KCP SUGAR INDUSTRIES CORP LTD. 62 KHAITAN CHEMICALS FERTILIZERS LTD 63 KLG CAPITAL SERVICES LTD 64 LA OPALA RG LTD 65 LAKSHMI ELECT CONTROL SYSTEMS LTD 66 LAN ESEDA INDUSTRIES LTD 67 LAXMI PRECISION SCREWS LTD 68 LORDS CHEMICALS LTD 69 LOTUS CHOCOLATE COMPANY LTD 70 M C C INVEST. LEASING CO. LTD 71 MAGMA LEASING LTD 72 MALLCOM (INDIA) LIMITED 73 MAYUR UNIQUOTERS LTD 74 MERCURY FUND MANAGEMENT CO LTD 75 MODEX INTERNATIONAL SECURITIES 76 MOHAN MEAKIN LTD 77 MUKAT PIPES LTD 78 NEPC PAPER BOARD LTD 79 NEW INDIA SUGAR MILLS LTD 80 NICCO PARKS RESORTS LTD 81 NORTHEAST SECURITIES LTD 82 NRC LTD 83 ODISSI SECURITIES LTD. 84 ORCHID SECURITIES LTD 85 P K LEASING FINANCE LTD 86 PARAS PETROFILS LTD. 87 PARRY AGRO INDUSTRIES LTD 88 PEARL ENERGY INFRASTRUCTURE LTD 89 PONNI SUGARS CHEMICALS LTD 90 PREMIER ROAD CARRIERS LTD 91 PSM SPINNING MILLS LTD 92 R C A LTD (for THE RANEEGUNGE COAL ASSOCIATION LTD) 93 R N T PLANTATIONS LTD 94 RAJ AGRO MILLS LTD 95 RATNABALI CAPITAL MARKETS LTD 96 RAVAL FINANCE LTD 97 ROSELAB LTD 98 S B T INTERNATIONAL LTD 99 SANGHI INDUSTRIES LTD 100 SHANTHI GEARS LTD 101 SHREE KRISHNA PAPER MILLS IND. LTD 102 SHUBHAM INDUSTRIES LTD 103 SINTEX INDUSTRIES LTD 104 SMZS CHEMICALS LTD 105 SREE RAYALSEEMA HI-STRENGTH HYPO LTD 106 SUASHISH DIAMONDS LTD 107 SUNDARAM BRAKE LININGS LTD 108 SUNSTAR LUBRICANTS LTD 109 SUPRIYA PHARMACEUTICALS LTD 110 SURYODAY ALLO-METAL POWDERS LTD 111 SYBLY INDUSTRIES LTD (for SYBLY SPINNING MILLS LTD) 112 TANFAC INDUSTRIES LTD 113 TATA YODOGAWA LTD 114 TECHDNA SOLUTIONS LTD (for CRABTREE SECURITIES CREDITS LTD) 115 TELEPHONE CABLES LTD 116 TIL LTD 117 TOYAMA ELECTRIC LTD 118 TRIVENI GLASS LTD. 119 TULIP FINANCE LTD 120 UB ENGINEERING LTD 121 UNITED CREDIT LTD 122 UNIVERSAL PLASTICS LTD 123 USHA INTERNATIONAL LTD 124 VARANASI COMMERCIAL LTD 125 VENUS LEASING FINANCE LTD 126 VIKAS LAMINATOR LTD 127 WHEELS INDIA LTD 128 WINTAC LTD (for RECON LTD) 129 ZENITH HEALTH CARE LTD. SCRIPS (serial no s 130 to 271) TO BE TRADED ONLY ON THE TRADE FOR TRADE SETTLEMENT WINDOW OF THE STOCK EXCHANGES FROM THE SETTLEMENT PERIOD COMMENCING ON OR IMMEDIATELY AFTER APRIL 23, 2001 130 A B C INDIA LTD 131 AASWA TRADING EXPORTS 132 ACCURATE TRADERS 133 ADITYA ELECTRO COMMU. LTD 134 ADONIS FINANCE 135 AKSHAR FINANCE LTD 136 ALLIANCE TECHNO PROJECTS 137 ALPINE INDUSTRIES LTD 138 AMBALA CEMENT 139 ANIL PESTICIDES 140 ANKUR COMMERCIAL 141 ARIHANT AVENUES CREDIT 142 ARTSON ENGINEERING LTD 143 ASIAN INDEPENDENT NETWORK 144 ASSOCIATED FINLEASE 145 BALA BESTOS INDIA 146 BEEKAY STEEL INDUST 147 BHANDARI CONSULT. FINANCE 148 BHUPENDRA CAPITAL RESOURCES 149 BLUE BLENDS (I) LTD 150 BUSINESS FORMS 151 CANTRIPLE + 152 CAS CARD FINANCE LTD 153 CHANDRIKA TRADERS 154 CONSOLIDATED CAPITAL FINANCIAL 155 CONTINENTAL FISCAL MANAGEMENT 156 D C M SHRIRAM INDUSTRIES 157 DALMIA LAMINATORS 158 DAURALA ORGANICS LTD 159 DEEPHARMA 160 DEWAN STEELS LTD 161 DIGIFLEX INDIA 162 DUNLOP (I) LTD 163 EVERRIGHT COMMERCIAL CO 164 FENOPLAST 165 FINE DRUGS 166 G.AGRICHEM 167 GENESIS EXPORTS 168 GIRDHARILAL SUGAR ALLIE 169 GOLDEN CAPITAL SERV.LTD 170 GOWRALE 171 GROWMORE SOLVENT 172 GUJARAT FISCON LTD 173 GUJARAT NRE COKE 174 GUNNY-CHEM TEX INDIA 175 HARYANA SHEET GLASS LTD 176 HOTEL RUGBY LTD 177 HUNT COMMERCIAL 178 IDBI MF DIVIDEND INIT 95 179 IMPRINT PACKAGING PRINT 180 IND NAVRATNA ROLLED OVER 181 INDO ZINC LTD 182 INDOCREDIT CAPITAL LTD 183 INERTIA INDUSTRIES 184 INTERNATIONAL SECURITIES 185 ITL SECURITIES 186 JAI MATA INDUSTRIES 187 JAINPUR STRAW BOARD PAPERS 188 JAYANT (INDIA) 189 JIWAN FLORA 190 JYOTI COSMETICS (EXIM) LT 191 KALPTARU PAPERS 192 KARAN WOO 193 KAUSAR INDIA 194 KILBURN ENGG. LTD. 195 KMF LIMITED 196 KORATLA TEXT. 197 KSHEMYA INVESTMENTS 198 LINCOLN INDUSTRIES 199 MAA DURGA INDS. 200 MAHALAXMI RUBTECH LTD. 201 MANJEERA CONST. 202 MARDIA STEEL LTD 203 MARTIN BURN 204 MARUDHAR INDUSTRIES LTD 205 MASANTOSHI INTERNATIONAL 206 MEMORY POLY. 207 METABOND INDUSTRIES LTD. 208 MICRO ENERGY (I) LTD 209 MODERN TERRY TOWELS LTD 210 MONOZYME 211 MOTOREX CORPORATION 212 MREGNEYANI INVESTMENT 213 MURARI INVESTMENT TRADING CO 214 N R I INVESTMENTS 215 NAISARGIK AGRITECH (I) L. 216 NALANDA HOTELS PROP.LTD 217 NATURITE AGRO. 218 NIPPON COMMERCIAL CO 219 NUMERO UNO FINANCE LTD. 220 OMEGA LABORATORIES 221 ORIENTAL CARBON CHEM 222 ORISSA SPONGE IRON 223 PAN ASIA INDUSTRIES LTD 224 PARBATI HOLDINGS 225 PASUPATI SEOHUNG 226 PATTON LTD 227 PEETISECU. 228 PHARMAIDS 229 PIECH INVESTMENT LTD 230 PITTIE CEMENT LTD 231 PLUS FINANCE LIMITED 232 POLAR LATEX 233 PRATEEK COKE 234 PRAVHAT (INDIA) 235 PROMPT CORPORATE SERVICES 236 R.R. FINANCIAL CONSULTANTS 237 RADICO KHAITAN FINANCE 238 RAHUL MERCHANDISING 239 RAJASTHAN GASES 240 RAJINDER PIPES LTD 241 RAMGOPAL POLYTEX LTD 242 RATHI ISPAT 243 RICHGOLD FIN. SEC. LTD 244 SAHAS AGRO LTD 245 SEAX LEATHER EXPORTS 246 SUPERNEET FIN. CONSULTANTS 247 SURYACHANDRA INFOTEC 248 SUVARNA AQUA FARM EXPORTS 249 TAMILNADU TELECOMMUNICATI 250 TGF MEDIA SYSTEM 251 THE RAIPUR MFG. COMPANY L 252 TIRUPATI SHELTERS LTD. 253 TITAN SECURITIES 254 UNIPRO TECHNOLOGIES 255 UTI-UGS 5000 256 VAISHNO CEMENT 257 VATICAN COMMERCIALS 258 VIJ.SHRIMP 259 VIJAY REMEDIES 260 VIKRAM THERMO (I) LTD 261 VISHAL LAKTO (INDIA) 262 VITARA CHEMICALS LTD 263 VOLEX FINANACE INDUSTRIES 264 VOLVO TERRY INDUS.LTD 265 WEBEL COMMUNICATION INDUSTRIES 266 WELLMAN INCANDESCENT (I) 267 WELPLACE PORTF. FIN.CONS 268 WELTER SECURITIES 269 WOODLAND SECURITIES 270 YASHODHAM COMMERCIAL ENTERPRIS 271 ZORA PHARMA LTD. SCRIPS (serial no s 272 to 326) FOR COMPULSORY TRADING IN DEMATERIALISED FORM FOR ALL INVESTORS FROM JULY 30, 2001 272 ADDI INDUSTRIES LTD 273 AEKTA LTD 274 ANG EXPORTS LTD 275 APNO INDIA ONLINE.COM LTD (forbAHUBALI COMMERCIAL COMPANY LTD) 276 B P CAPITAL LTD 277 BALAJI HOTELS ENTERPRISES LTD 278 BELLARY STEELS AND ALLOYS LTD 279 BLUEPRINT SECURITIES LTD 280 BUDGE BUDGE CO LTD 281 CAPFIN INDIA LTD (for SINGHMAN MERCANTILE INVESTMENT LTD) 282 DHANKARI INVESTMENTS LTD 283 ENKAY TEXOFOOD INDUSTRIES LTD 284 G K S HOLDING LTD 285 GTCL MOBILE.COM TECHNOLOGY LTD 286 GUJ OPTICAL COMMUNICATION LTD 287 GUJARAT CARBON INDUSTRIES 288 HANIL ERA TEXTILES LTD 289 HCL OFFICE AUTOMATION LTD 290 HERALD COMMERCE LTD 291 HINDUSTAN SEALS LTD 292 HOWRAH MILLS COM. LTD 293 HYPERSOFT TECHNOLOGIES LTD (for V V CIRCUITS LTD) 294 INTENSIVE AIR SYSTEMS LTD 295 ISPAT FINANCE LTD 296 JAI PARABOLIC SPRINGS LTD 297 JAINCO PROJECTS (I) LTD 298 JANKI SECURITIES LTD 299 JBM TOOLS LIMITED 300 JENSON NICHOLSON FIN.SERVICES LTD 301 KARUNADHI INVESTMENT TRADING CO LTD 302 KARWA SECURITIES LTD 303 LAFFANS PETROCHEMICALS LTD 304 M B COMMERCIAL CO LTD 305 MAHAVEER INFOWAY LTD (for MAHAVEER LEAFIN HOLDINGS LTD) 306 MERIT CREDIT CORPORATION LTD 307 MIHIJAM VANASPATI LTD 308 MINDA HUF LTD 309 PATRIOT TRADING CO. LTD 310 PEACOCK TRADERS EXPORTERS LTD 311 PRATIBHA MANUFACTURING MARKETING LTD 312 PRIX INDIA LTD 313 RIGA SUGAR COMPANY LTD 314 SAVITA CHEMICALS LTD 315 SHREE SHUBHLABH INFOLINE.COM 316 SHREE TULSI ONLINE.COM LTD (for OSWAL COMMERCIALS LTD) 317 SKN INDUSTRIES LTD 318 SKYLARK INDIA LTD 319 STENCIL APPAREL BRANDS LTD 320 SUN FINLEASE (GUJARAT) LTD 321 SURPRISE TRADERS LTD 322 TTK HEALTHCARE LTD (for TTK PHARMA LTD) 323 UNIQUE MANUFACTURING MARKETING LTD 324 W S INDUSTRIES (INDIA) LTD 325 WEBPULSE CONSULTING (INDIA).COM LTD (for SACHDEV INTERNATIONAL LTD) 326 WELSPUN FINANCE LTD (for KAVERI LEASING LTD)