| Company Name |
Date of De-listing |
Effect Date |
Reason |
Mukand Engineers |
29-Nov-22 |
30-Nov-22 |
Trading Members of the Exchange are hereby informed that the under mentioned scrip codes of the Companies which have been suspended due to the Record Date fixed for Corporate Action of Amalgamation shall be delisted with effect from November 30, 2022 (DR-167/2022-2023):-
Scrip Code
532097
Company Name
Mukand Engineers Ltd.
Status
Suspended
Reason
AMALGAMATION/ MERGER INTO Mukand Limited
Trading Members are requested to take note of the same. |
|
Gallantt Ispat |
29-Nov-22 |
30-Nov-22 |
Trading Members of the Exchange are hereby informed that the under mentioned scrip codes of the Companies which have been suspended due to the Record Date fixed for Corporate Action of Amalgamation shall be delisted with effect from November 30, 2022 (DR-167/2022-2023):-
Scrip Code
533265
Company Name
Gallantt Ispat Limited
Status
Suspended
Reason
AMALGAMATION/ MERGER INTO Gallantt Metal Limited
Trading Members are requested to take note of the same. |
|
Apollo Tricoat |
29-Nov-22 |
30-Nov-22 |
Trading Members of the Exchange are hereby informed that the under mentioned scrip codes of the Companies which have been suspended due to the Record Date fixed for Corporate Action of Amalgamation shall be delisted with effect from November 30, 2022 (DR-167/2022-2023):-
Scrip Code
538566
Company Name
APOLLO TRICOAT TUBES LIMITED
Status
Suspended
Reason
AMALGAMATION/ MERGER into APL APOLLO TUBES LIMITED;
Trading Members are requested to take note of the same. |
|
Bhagya. Prop. |
28-Nov-22 |
19-Dec-22 |
Trading Members of the Exchange are hereby informed that pursuant to the SEBI (Delisting of Equity Shares) Regulations, 2021 as amended from time to time, the company has complied with the formalities for voluntary delisting of Equity shares. Accordingly, the trading in the equity shares of Bhagyanagar Properties Limited (Scrip Code: 540621) will be discontinued w.e.f. Monday, December, 12, 2022.
Further the above scrip will be delisted from the Exchange records w.e.f. Monday, December 19, 2022.
Trading Members may further note that the exit option will be kept open by the promoter/ acquirer of the company i.e. Mr. Narendra Surana (Acquirer-1), Mr. Devendra Surana (Acquirer-2), Mrs. Sunita Surana (Acquirer-3), Mrs. Namrata Surana (Acquirer-4), M/s. Surana lnfocom Private limited (Acquirer-5), M/s. Surana Telecom and Power Limited (Acquirer-6), M/s. Bhagyanagar Securities Private Limited (Acquirer-7) for the remaining public shareholders for a period of at least one year from the date of delisting at the rate of Rs. 42.25/- (Rupees Forty Two and Twenty Five Paise only) per Equity Share, being the exit price determined.
Shareholders may send their option forms to the company at the below mentioned address:
Bhagyanagar Properties Limited:
Sy.no.221 to 224 Part, Vattinagulapally (Village), Rajendranagar (Mandal), Ranga Reddy (District), Hyderabad, Telangana, 500032
Tel: 040-27845119 / 27841198;
Fax: 040-27848851 / 27818868,
Website: www.bhagyanagarproperties.com
Email: investorservices_bpl@surana.com
Executive Director: Mr. DEVENDRA SURANA
Trading Members of the Exchange are requested to take a note of the above. |
|
Ensa Steel Inds. |
11-Nov-22 |
15-Nov-22 |
Trading Members of the Exchange are hereby informed that the undermentioned 4 companies that have remained suspended for more than 6 months would be delisted from the platform of the Exchange, with effect from November 15, 2022 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ("Regulations").
Scrip Code
512135
Company Name
Ensa Steel Industries Ltd
Consequences of compulsory delisting.
1) As per SEBI (Delisting of Equity Shares), Regulations, 2009:-
The securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange.
Promoters of these delisted companies would be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly.
Further, in terms of Regulation 24 (1) of SEBI (Delisting of Equity Shares), Regulations, 2009, the delisted company, its whole-time directors, promoters, and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting.
Also, as per provisions of Regulation 24(2) of the SEBI (Delisting of Equity Shares), Regulations, 2009, in case of companies whose fair value is positive -
a) such a company and the depositories shall not effect transfer, by way of sale, pledge, etc., of any of the equity shares held by the promoters/ promoter group and the corporate benefits like dividend, rights, bonus shares, split, etc. shall be frozen for all the equity shares held by the promoters/ promoter group, till the promoters of such company provide an exit option to the public shareholders in compliance with sub-regulation (3) of regulation 23, as certified by the concerned recognized stock exchange;
b)the promoters and whole-time directors of the compulsorily delisted company shall also not be eligible to become directors of any listed company till the exit option as stated in clause (a) above is provided.
2) Further, these companies would be moved to the Dissemination Board of the Exchange for a period of 5 years as directed by SEBI. |
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