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BSE to shift 2 scrips to Z group from Mar 28

Press Trust of India  |  New Delhi 

will shift the stocks of two firms to restricted trading category from March 28, for not complying with various norms.

In a circular, said it would shift two scrips to the 'Z' group, wherein their scrips would be settled on trade-for -trade basis.

Under the trade-for-trade segment, no speculative trading is allowed and delivery of and payment of consideration amount are mandatory.

The stocks to be moved to 'Z' group include Aseem Global and

"The scrips will be transferred to 'Z' group with effect from March 28, 2017, due to non-compliance for two consecutive quarters September and December 2016 for the Regulation 33 of (Listing Obligations and Disclosure Requirements) Regulations, 2015," the exchange noted.

Regulation 33 pertains to submission of financial

also said that ABG Shipyard, Prism Informatics, SER Industries, Shree Ganesh Jewellery House (I), and are "non-compliant for Regulation 33 of (Listing Obligations and Disclosure Requirements) Regulations, 2015 and currently in the Z group".

The 'Z' group includes companies which have failed to comply with the listing requirements and/or have failed to resolve investor complaints and/or have not made the required arrangements with the depositories - CDSL and NSDL - for dematerialisation of their securities.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 22:42 IST