BSE to suspend trading in 31 securities

BSE to suspend trading in 31 securities Mumbai: Leading bourse BSE Monday said it will suspend trading in shares of 31 companies, including Jyothy Consumer Products and Jupiter Bioscience, with effect from January 16 for their failure to comply with various provisions of the exchange's listing agreement.

These companies have not fulfilled the BSE requirements for continuous listing till the quarter ended June 2012, the exchange said in a circular.

"Trading in securities of these 31 Companies will be suspended with effect from January 16, 2013 (being 15 trading days from issue of notice), on account of non-compliance with the provisions of the listing agreement," BSE said.

The companies facing suspension include Aditya Forge, Aster Silicates, Indo-Pacific Software & Entertainment, TeleCanor Global, Prime Industries, Ellora Paper Mills, Sarang Chemicals, Linkhouse Industries and Mahalaxmi Seamless.

Other companies include Gujarat Meditech, Marvel Capital & Finance (India) Ltd, Socrus Bio Sciences, Powersoft Global Solutions, TeleCanor Global and Silktex.

The exchange said if these companies comply with listing provisions on or before January 8, trading in their securities would be suspended for five days up to January 22.

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.

PTI