NSE has issued Circular Ref. No: 0635/2019 dated July 26, 2019 on the subject of Suspension of trading in securities LEEL Electricals Limited
The said NSE circular reads as follows:
To All Members,
Sub: Suspension of trading in securities LEEL Electricals Limited
Pursuant to the provisions of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 3, 2018 with respect to Standard Operating Procedure (SOP) for suspension and revocation of trading of securities of listed entities for non-compliance of certain regulations of SEBI (LODR) Regulation, 2015.
It is hereby informed that the LEEL Electricals Limited (Symbol: LEEL) has not complied with requirements of Regulation 33 i.e. submissions of financial results as per SEBI (LODR) Regulation, 2015 for the quarter ended December 31, 2018 and March 31, 2019 as well as failed to pay the fine amount levied for said non-compliance.
Hence, the trading in securities of below named company will be suspended w.e.f. August 19, 2019.
The entire shareholding of the promoter and promoter group in the company as well as all other securities held in the demat account of the promoter and promoter group will be frozen w.e.f. July 26, 2019 till further notice.
In case the company fails to comply and/or pay fine as per the provisions of above mentioned SEBI circular on or before August 13, 2019 then:
Trading in the securities of the company would be suspended w.e.f. August 19, 2019 and the suspension will continue till such time the company complies including the payment of fine.
15 days after suspension has been effected, trading in the securities of non-compliant company would be allowed on Trade for Trade basis in (Series “BZ”) on the first trading day of every week for six months.
For and on behalf of
National Stock Exchange of India Limited
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