BSE to suspend trading in securities of 15 cos frm nxt month

Leading stock exchange BSE today said it will suspend trading in shares of 15 companies, including Koutons Retail India and Dunlop India, for their failure to comply with various provisions of the listing pact.

These companies will be barred from trading with effect from September 18.

These companies have not fulfilled the BSE requirements for continuous listing till the quarter ended March 2013, the exchange said in a circular.

The companies facing suspension are Accurate Transformers, Asahi Infrastructure & Projects,  Bafna Spinning Mills & Exports, Concurrent (India) Infrastructure, Kanchan International, Osian Industries, Polar Pharma India, SAAG RR Infra, Sanguine Media, TeleCanor Global, Vikash Metal & Power, Rajivlochan Oil Extraction and Well Pack Papers & Containers.

"Trading in securities of these 15 Companies will be suspended with effect from September 18, 2013 (being 15 trading days from issue of notice), on account of non-compliance with the provisions of the Listing Agreement," BSE said in a circular.

The bourse said if these firms comply with listing provisions on or before September 10, trading in their scrips would be suspended for five days up to September 24.

However, if they fail to do so, the suspension would continue till such time the company complies with the procedure laid for revoking suspension, it added.

"Suspension of trading in securities of a company will be revoked only if the company has complied with all the provisions of the listing agreement up to the latest quarter for which the compliances are required," BSE said.