Mumbai, July 05: In an effort to discipline erring companies, the stock exchange, Mumbai (BSE) has decided to suspend trading in shares of 42 companies, including Jagatjit Industries Ltd for failing to comply with listing agreement provisions relating to book closure. The suspension would come into effect from July 14, 2003. Out of 42 companies, transactions in shares of 31 companies was being suspended only for three trading days, BSE said in a release here today.

These companies failed to comply with the provisions of the listing agreement regarding fixation or intimation of book closure to the exchange.

BSE had issued showcause notices to these companies, however, they failed to reply satisfactorily to the notices.
Some of the companies whose shares have been suspended from trading include Ardi Investment & Trading Ltd, Hariyana Metals Ltd, Krishna Deep Trade & Inv Ltd.

Bureau Report