Board of Harita Seating Systems approves proposal for delisting

At meeting held on 06 August 2014

Harita Seating Systems announced that the Board of Directors of the Company at its meeting held on 06 August 2014, inter alia, has approved a proposal for delisting of its Equity shares from the two Regional Stock Exchanges, namely Madras Stock Exchange (MSE) and Bangalore Stock Exchange (BgSE), in view of no trading of shares of the Company in these Stock Exchanges.

In terms of the Delisting Regulations, the Board approved the proposal for delisting of the Company's shares from MSE and BgSE due to the voluntary de-recognition of the exchange, as per the circular dated 30 May 2012 issued by SEBI. The communication dated 12 June 2014 to this effect received from MSE advising the Company to take necessary steps for delisting of the Company's shares from MSE, as per the Delisting Regulations.

Further the Company has informed that, the proposed delisting of the Company's shares from these Stock Exchanges, namely MSE and BgSE will be subject to the compliance of the required formalities, in terms of Delisting Regulations without any exit opportunity to the public shareholders of the Company, since the Company's shares will continue to remain listed in NSE, having the nationwide trading terminal.

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