Select stocks drop as NSE to suspend trading

Eight stocks fell by 2.67% to 9.12% at 14:15 IST on BSE after the NSE said it would suspend trading in shares of these companies from 10 December 2013 for non-compliance of certain provisions of the listing agreement.

Amar Remedies (down 4.92%), Aqua Logistics (down 3.91%), Asian Electronics (down 4.88%), Edserv Softsystems (down 6.73%), First Leasing Company of India (down 9.12%), Geodesic (down 4.87%), KDL Biotech (down 2.67%), and KLG Systel (down 4.96%) edged lower on BSE. Birla Power Solutions was unchanged at Rs 0.19 on BSE. Kitply Industries, which is listed only on NSE, was not traded till now today, 4 December 2013.

Meanwhile, the S&P BSE Sensex was down 81.04 points, or 0.39%, to 20,773.88

The National Stock Exchange (NSE) said it would suspend trading in the shares of 10 companies from 10 December 2013 for non-compliance of certain provisions of the listing agreement.

These companies are non-complaint with provisions of the 'listing agreement' which includes non-submission of corporate governance report, failure to comply with disclosure rules related to shareholding pattern and financial results as well as reconciliation of share capital for the period ended 30 September 2013, NSE said in a circular issued after market hours on Tuesday, 3 December 2013.

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