PTI reported that BSE will suspend trading of nine firms from September 10 for not complying with the listing norms. For failing to submit financial records. If the firms adhere to the Listing Obligations and Disclosure Requirements (LODR) Regulations on or before September 4 then their suspension will be canceled.
The firms being Gitanjali Gems, Amtek Auto , Easun Reyrolle, Panoramic Universal, Thambbi Modern Spinning Mills, Indo Pacific Projects, Haryana Financial Corporation, Noble Polymers and Samruddhi Realty. Samruddhi Realty and Noble Polymers submitted finacial results but did not pay penalties to BSE.
However, Haryana Financial Corporation was listed last in 2011 and there is no information about Noble Polymers and Samruddhi Realty supposedly listed on the Stock exchanges.
‘Trading in securities of the nine companies will be suspended from September 10, 2018 on account of non-compliance with Regulation 33 of LODR Regulations for two consecutive quarters — December 2017 and March 2018,’ the BSE notice read.
NSE suspension
NSE will be suspending Gitanjali Gems, Amtek Auto , Easun Reyrolle and Panoramic Universal on September 10 until compliance is adhered to. If the firms adhere to LODR Regulations on or before September 5 then their suspension will be cancelled.
|
Firm |
Market Capitalization 17/8/2018 (in cr) |
Share price on 17/8/2018 |
| Gitanjali Gems | 35.94 | 3.03 |
| Amtek Auto | 170.3 | 6.86 |
| Easun Reyrolle | 24.57 | 7.98 |
| Panoramic Universal | 28.45 | 3.66 |
| Thambbi Modern Spinning Mills | 3.97 | 6.89 |
| Indo Pacific Projects | 16.28 | 1.62 |
| Haryana Financial Corporation |
Last traded in 2011 |
Last traded in 2011 |
| Noble Polymers | No information available | No information available |
| Samruddhi Realty | No information available |
No information available |