July 2nd, 2015, 6.10pm / NSE / X-Compliance Report
Companies listed on The Exchange must maintain a minimum free float for the set standards under which they are listed in order to ensure that there is an orderly and liquid market in their securities. The free float requirement for companies on the Main Board is 20% and 15% for ASEM companies.
The Exchange has identified below listed firms as companies that have free float deficiencies. These companies applied for waivers from the Quotations Committee of Management specifically provided compliance plans with tentative timelines to support their requests.
The Quotations Committee of Management considered and approved an extended timeframe for the companies to regain compliance with the listing requirement. The companies are however required to also provide quarterly disclosure reports to The Exchange detailing their level of implementation of the compliance plans.
This information is based on latest information obtained from the NSE X-Compliance Report dated 26th June, 2015.
NB: *The Company has notified The Exchange of its intention to delist from the Daily Official
** Compliance Date TBD
1. Free Float Deficiencies: CHELLARAMS Yet to Comply as due date elapse - Mar 03, 2015
2. NSE Seeks to Amend Rules on Free Float, Filing of Accounts and 3 Others – Feb 26, 2015