The Karachi Stock Exchange (Guarantee) Limited’s revised notice of intention to suspend CDS eligibility of ordinary shares of Mandviwalla Mauser Plastic Industries Limited under the CDC regulations
Karachi: The Chief Executive Officer, Mandviwalla Mauser Plastic Industries Limited
This is to notify that in reply to our notice dated March 06, 2012 issued under Regulation 5.3.2 of the Central Depository Company of Pakistan Limited Regulations (the “CDC” Regulations). where CDC showed its intention to suspend CDS Eligibility of ordinary shares (the “said Securities”) of Mandviwalla Mauser Plastic Industries Limited (the “Issuer”) on account of branch of Regulation 13.7.1 of the CDC Regulations by not submitting the R/TA Reconciliation Report for the period ended June 30, 2011 duly certified by the external auditors, the Issuer has vide its letter dated March 16, 2012 requested us to allow extension of time period to submit the said Report.
In view of the above request of the Issuer, the effective date of suspension of CDS Eligibility of the Securities of the Issuer as notified vide our aforesaid notice shall stand revised, according to which, CDC shall suspend the CDS Eligibility of Securities of the Issuer with effect from April 02, 2012 (the “Revised Effective Date”) if the Issuer fails to submit the R/TA Reconciliation Report correct as of June 30, 2012 duly authenticated by their external auditors along with payment of time of Rs. 10,000/- before the Revised Effective Date.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136