Companies to Avoid while Trading or Investing

We are presenting below list of companies which have defaulted in their payment for the listing fees to the stock market. We are of the opinion that if a company can not pay its listing fees, we feel they will not be able to look after the interests of their subscribers. Thus such type of companies should be out of your radar with immediate effect as any ethical company will ensure that their name never appears in any such circular as listed below from one of the premium exchanges.

The below circular is signed as on 06 Nov 2015. May be after some time you may reevaluate the performance of the company.

Trading Members are requested to note that as per the provisions of Clause 38 of the Listing Agreement, the listed companies are required to pay the annual listing fees to the Stock Exchange where its securities are listed. In spite of the repeated reminders and show cause notices issued for the non-payment of annual listing fees to defaulting companies, the defaulting companies have failed to pay the arrears of annual listing fees to the Exchange.

In view of the same, the following action has been initiated by the Exchange against the Defaulting Companies for the non-payment of annual listing fees within the timelines prescribed by the Exchange:

1.    Transfer of trading in the equity shares of the Defaulting Companies from Normal Segment to Trade to Trade Segment

2.    Displaying the name of the Defaulting Companies on the Exchange website www.bseindia(dot)com - “Defaulting Companies for payment of Annual Listing Fees”.

The following Defaulting Companies have failed to pay the arrears of the annual listing fees up to the financial year 2014-15 to the Exchange:

Sr.No.	Scrip code	Name of the company	Group
1	533330	Acropetal Technologies Limited	B
2	519281	Agro Dutch Industries Ltd.	B
3	526141	Compact Disk India Ltd.*	B
4	532271	Cybermate Infotek Ltd	B
5	532858	Decolight Ceramics Ltd.*	B
6	503699	Geodesic  Ltd.*	B
7	532857	Glory Polyfilms Ltd*	B
8	500236	Kanel Industries Limited	B
9	532990	Metkore Alloys & Industries Ltd	B
10	532494	Micro Technologies (India) Ltd.*	B
11	532866	Quintegra Solutions Limited	B
12	500372	Samtel Colour Ltd.,	B
13	532793	Shree Ashtavinayak Cine Vision Ltd*	B
14	523387	Triton Corp. Ltd.	B
15	531845	Zenith Birla (India) Limited	B
16	534659	Jointeca Education Solutions Limited	M
17	526833	Ananthi Constructions Ltd.*	P
18	513422	Bloom Industries Ltd	P
19	531164	Laser Diamonds Ltd.	P
20	523872	Magna Industries & Export Limited	P
21	532105	Mega Fin (India) Ltd.	P
22	530669	Prem Somani Financial Services Ltd.	P
23	514402	Sharad Fibers & Yarn Processors Ltd	P
24	511361	Vishwamitra Financial Services Limited	P
25	509130	Dunlop India Ltd.,*	T
26	532287	Entegra Limited	T
27	504920	Jhagadia Copper Limited*	T
28	531366	Kohinoor Broadcasting Corporation Ltd.*	T
29	507870	Lloyds Finance Ltd.,*	T
30	502995	MALWA COTTON SPG. MILLS LTD.,	T
31	531131	Mascon Global Ltd*	T
32	500248	MAVI INDUSTRIES LTD	T
33	500301	NEPC India Ltd	T
34	530811	Netvista Information Tech. Ltd	T
35	514460	Oswal Yarns Ltd.	T
36	532690	Ramsarup Industries Ltd.	T
37	515018	Regency Ceramics Ltd	T
38	531812	SGN Telecoms Ltd.	T
39	532293	Software Technology Group Intl. Ltd.	T
40	531917	Twinstar Industries Limited	T
41	532298	Zenith Infotech Ltd.*	T
42	512017	Exdon Trading Co. Ltd.,*	XC
43	506938	Kappac Pharma Ltd.,*	XC
44	531382	Jayavant Products Limited	XD
45	530027	Aadi Industries Ltd	XD
46	512361	Cupid Trades & Finance Ltd.,*	XD
47	526483	Eduexel Infotainment Limited	XD
48	532084	Fast Track Entertainment Ltd.*	XD
49	532403	Fourth Generation Information Systems Ltd	XD
50	517391	Gamma Infoway Exalt Ltd.*	XD
51	531419	Goplee Infotech Ltd.*	XD
52	504336	Indtradeco Ltd.,*	XD
53	532072	Interworld Digital Ltd.	XD
54	526067	KCCL Plastic Ltd	XD
55	530955	Mindvision Capital Ltd	XD
56	505525	Parichay Investments Ltd.,*	XD
57	512465	Santowin Corporation Limited	XD
58	502465	Speciality Papers Ltd.,	XD
59	530769	Venus Universal Ltd*	XD
60	512535	Asahi Infrastructure & Projects Ltd	XT
61	534740	Bhanot Construction & Housing Limited*	XT
62	534535	Bio Green Papers Limited	XT
63	503823	Birla Transasia Carpets Ltd.,	XT
64	524374	EPIC Enzymes Pharmac. & Industrial*	XT
65	512219	Finaventure Capital Ltd	XT
66	530945	Gangotri Iron & Steel Company Ltd	XT
67	530657	Global Securities Limited*	XT
68	526598	Gujarat Narmada Flyash Co. Ltd.*	XT
69	521005	Indovation Technologies Limited	XT
70	524400	Ishita Drugs & Industries Ltd.	XT
71	523832	Mukat Pipes Limited*	XT
72	531791	Novagold Petro-Resources Ltd	XT
73	532340	Omni Axs Software Ltd.	XT
74	521080	Pasari Spinning Mills Ltd.	XT
75	513727	RANJEEV ALLOYS LTD	XT
76	531825	RCC Cements Ltd	XT
77	531646	RFL International Ltd.*	XT
78	500371	SAMTEL INDIA LTD	XT
79	532435	Sanmit Infra Limited	XT
80	526530	Sudev Industries Ltd.*	XT
81	531781	Suryadeep Salt Refinery & Chemicals	XT
82	531659	TSL Industries Ltd.	XT
83	502589	Vapi Paper Mills Ltd.,	XT
84	526347	Acclaim Industries Limited*	Z
85	530707	Aftek  Ltd.*	Z
86	532981	Anu's Laboratories Ltd*	Z
87	532068	Aramusk Infrastructure Investments Ltd	Z
88	524760	Arvind International ltd.*	Z
89	503940	Asian Electronics Ltd.,*	Z
90	532995	Avon Corporation Limited*	Z
91	524737	Benzo Petro International Ltd.*	Z
92	518017	Bheema Cements Limited*	Z
93	533469	Birla Pacific Medspa Limited*	Z
94	517001	Birla Power Solutions Ltd.*	Z
95	533059	BRANDHOUSE RETAILS LIMITED*	Z
96	504367	Champion Finsec Limited*	Z
97	526785	Crest Animation Studios Ltd.*	Z
98	532542	Crew B.O.S. Products Ltd.*	Z
99	532903	DHANUS TECHNOLOGIES LIMITED*	Z
100	530391	DOT COM Global Ltd*	Z
101	524276	Dujodwala Paper Chemical Ltd.,*	Z
102	507528	Eastern Sugar & Industries Ltd.	Z
103	502223	Excel Glasses Ltd.,*	Z
104	511668	Fact Enterprise  Limited	Z
105	531820	Finalysis Credit & Guaraantee Co.Ltd*	Z
106	500145	First Leasing Co. of India Ltd.,*	Z
107	532672	Glodyne Technoserve Ltd*	Z
108	514308	Hanjer Fibres Ltd.*	Z
109	526610	In House Productions Limited*	Z
110	531084	Indo Bonito Multinational Limited*	Z
111	512585	KARMA INDUSTRIES LIMITED*	Z
112	532291	KDL Biotech Ltd.*	Z
113	532758	KEW Industries Limited*	Z
114	513627	Krishna Ferro Products Ltd.*	Z
115	508982	Linkson International Limited*	Z
116	512279	N2N Technologies Limited	Z
117	532045	Nexxoft Infotel Ltd.*	Z
118	532789	Nissan Copper Limited	Z
119	503780	NRC Limited*	Z
120	526313	Nu-Tech Corporate Services Ltd.*	Z
121	532607	Ontrack Systems Ltd.*	Z
122	532606	Parekh Aluminex Ltd.*	Z
123	533100	Premier Energy and Infrastructure  Limited	Z
124	503873	Priyadarshini Spinning Mills Ltd.*	Z
125	531218	Rishab Financial Services Ltd*	Z
126	535503	ROSELABS LIMITED	Z
127	514304	S.Kumars Nationwide Ltd.*	Z
128	522296	S.S.Forgings & Engineering Ltd.*	Z
129	522279	Satellite Engineering Ltd.*	Z
130	531886	Scope Industries (India) Limited	Z
131	526841	Shakti Press Ltd.*	Z
132	523359	Sharp Industries ltd.*	Z
133	524719	Socrus Bio Sciences Limited*	Z
134	508976	Spanco  Ltd.*	Z
135	530425	Sunday Exports Ltd.*	Z
136	522142	Techno Forge Limited*	Z
137	530635	Texplast Industries Ltd.*	Z
138	501756	Thana Electric Supply Co. Ltd.,*	Z
139	532691	Tulip Telcom Ltd*	Z
140	532311	Tutis Technologies Limited*	Z
141	506985	Twilight Litaka Pharma Limited*	Z
142	526463	U.G.Hotels And Resorts Ltd.*	Z
143	526879	UT Ltd.*	Z
144	532338	Valuemart Info Technologies Ltd.*	Z
145	511114	Valuemart Retail Solutions Limited*	Z
146	531650	Vax Housing Finance Corporation Ltd	Z
147	524310	VBC Industries Ltd*	Z
148	532093	Venkat Pharma Ltd.*	Z
149	531874	Venus Power Ventures (India) Ltd*	Z
150	531865	Volant Textile Mills Ltd.*	Z
151	532824	VTX INDUSTRIES LIMITED	Z
152	520003	Vybra Automet Ltd.,*	Z
153	531481	Beta-Kappa Investments Ltd.*	ZP
154	523353	CDR Health Care Ltd.,*	ZP
155	524270	Magna Colors Limited	ZP
156	531295	Sunlake Resorts and Hotels Ltd.	ZP
157	512285	Yuvraj International Ltd.*	ZP

* Trading in Equity Shares of these companies are suspended as on 5th November, 2015 

Trading Members are hereby informed that trading in the equity shares of the above defaulting companies will be transferred from Normal Segment to Trade to Trade Segment and name of the above defaulting companies will be displayed on the Exchange website www.bseindia(dot)com - “Defaulting Companies for payment of Annual Listing Fees” with effect from Wednesday, November 18, 2015.

Trading Members are requested to note that out of the above 157 defaulting companies, the scrips of 15 defaulting companies will be transferred to ‘T’ Group, 1 defaulting company will be transferred to ‘MT’ and 18 defaulting companies will be transferred to ‘XT’ Group (Annexure I) from their existing group. Further the trading in the remaining 123 defaulting companies which are already in Trade for Trade segment (T, XT, Z, ZP & P Group) for non compliance of clause(s) of Listing Agreement, surveillance measures etc., the group of these companies will remain the same (Annexure II). However, the trading in these 123 defaulting companies will not be moved to normal segment unless and until the receipt of payment of arrears of annual listing fees.

Note:

  

If a company pays the arrears of annual listing fees prior to the start of trading in the trade to trade segment, name of the company will be removed from the final list of the defaulting companies. Not applicable if the company is in Trade for Trade segment due to non-compliance of clause(s) of listing agreement surveillance measures etc. as per Annexure II.

Further upon moving of the trading in the equity shares of the defaulting companies in trade to trade segment, on the receipt of the arrears of annual listing fees from the defaulting companies, name of the companies shall be removed from the defaulting companies list and the trading in the equity shares of the companies will be resumed in the normal segment/ applicable segment as per extant regulations.