Dear Sir,
The trading of the equity shares of the Company has been suspended w.e.f 08th August, 2017. Upon enquiring with Bombay Stock Exchange, we were informed that the Securities and Exchange Board of India (SEBI) vide its letter bearing No. SEBI/HO/ISD/OW/P/2017/18183 dated 07th August, 2017 has forwarded a list of shell Companies as identified by Ministry of Corporate Affairs (MCA) with a directions to take some measures. This measure inter-alia includes moving the securities of those Companies, to GSM Framework under stage VI w.e.f August 08, 2017.
The aforesaid list recommended by MCA contains the name of Company,however the Company had no information, on what ground/basis,it has been moved to the list of shell Company by MCA a why such restrictions on the trading is being imposed.
In this respect, the Company has written to BSE (keeping the SEBI in loop), requesting them to explain the basis/ground in the aforesaid matter. Copy of the letter is attached for your reference.
Ask Value Research 
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