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Seacoast Shipping Services Ltd.

BSE: 542753 Sector: Infrastructure
NSE: N.A. ISIN Code: INE277T01024
BSE 00:00 | 08 Feb 3.67 -0.08
(-2.13%)
OPEN

3.77

HIGH

3.82

LOW

3.58

NSE 05:30 | 01 Jan Seacoast Shipping Services Ltd
OPEN 3.77
PREVIOUS CLOSE 3.75
VOLUME 7136935
52-Week high 17.70
52-Week low 2.05
P/E 8.16
Mkt Cap.(Rs cr) 124
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3.77
CLOSE 3.75
VOLUME 7136935
52-Week high 17.70
52-Week low 2.05
P/E 8.16
Mkt Cap.(Rs cr) 124
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Seacoast Shipping Services Ltd. (SEACOASTSHIP) - Chairman Speech

Company chairman speech

The Board considered that the Company's Equity Shares are listed with the Bombay StockExchange Limited and Calcutta Stock Exchanges and there is no trading or negligibletrading of equity shares since listing at the Calcutta Stock Exchange. However theCompany's shares are regularly being traded at the Bombay Stock Exchange (BSE). Thereforein terms of the Securities and Exchange Board of India (Delisting of Equity Shares)Regulations 2009 including any statutory modifications or amendments or re-enactmentsthereof ("SEBI (Delisting) Regulations") and applicable provisions of all otherActs and Regulations of respective authorities the Companies have been permitted forvoluntary delisting of shares including from the Regional Stock Exchange subject to thecompliance of the terms and conditions of the said regulations.

The company has not been suspended by any of the recognised Stock exchanges havingnation-wide trading terminals for any non-compliance in the preceding one year.

The Board further considered that the Bombay Stock Exchange Limited (BSE) is havingnationwide trading terminals and the investors have access to trade and deal in Company'sshares across the country and listing on the Calcutta Stock Exchange (CSE) are notproviding any significant tangible advantage to the shareholders and investors of theCompany and the Company should take effective steps for voluntary delisting of theCompany's Equity Shares from the Calcutta Stock Exchange Limited (CSE) and continue itslisting only with the Bombay Stock Exchange Limited (BSE) to avoid unnecessary financialand administrative burden due to multiple compliance of the various Regulations under theapplicable rules and regulations prescribed by the SEBI and other related provisions fromtime to time and to provide better services to the investors through the nationwide StockExchange terminal.

None of the Directors and Key Managerial Personnel of the Company and their relativesis concerned or interested financially or otherwise in the resolution set out at ItemNo. 4 of the Notice. This statement may also be regarded as an appropriate disclosureunder the Listing Regulations. The Board commends the Special Resolution set out at ItemNo. 4 of the Annual General Meeting Notice for approval by the members.

Sd/-

Manishkumar R. Shah

Chairman cum Managing Director

DIN: 01936791.

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