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REF NO: NSE/CMPT/ 11047
All
Members / Custodians
Dear
Sir(s)
1.
Sona Koyo
Steering Ltd..(SONASTEER) has announced a record date
on September 10, 2008 for the purpose of ‘Face Value Split of shares from Rs.2
per share to Re.1 per share’.
Accordingly, the ‘No-delivery period’ has been set up by NSCCL in the
Normal Regular Market from September 2, 2008 to September 9, 2008 and the
in-delivery settlement no. will be N-2008173. The first demat
pay-in after the record date is scheduled for September 12, 2008. Due to the
sub division of shares, NSDL shall issue new ISINs
corresponding to existing ISINs of Sona Koyo Steering Ltd. (SONASTEER). This shall be effective for all outstanding balances of the
security standing on September 10, 2008 in various beneficiary accounts
available with NSDL.
2. As per the procedure of the Clearing Corporation,
clearing members can claim margin benefits by making early pay-in of securities
as per their securities pay-in obligation in a given settlement. The Clearing Members shall however be having
old/existing ISIN INE643A01027 of Sona Koyo Steering Ltd..(SONASTEER) to
make any early pay-in during the ‘No-delivery period’. In order to enable members to effect early
pay-in of securities and avail of benefit in terms of margin and exposure
limits, the clearing members may effect the pay-in of
securities detailed as under from their pool accounts. Members are further
advised to give only transfer instructions for making early pay-in of the
security in old ISIN after adjusting for the conversion / split vis-a-vis the sale obligation position (one share of old
existing ISIN for deliverable obligation of every two shares of new ISIN). A
copy of the transfer instructions should be faxed to the Securities Section
addressed to Mr. Shorabh Sharma / Ms.Dinaz Shroff to claim the benefits of early pay-in (Fax Nos.
26598269).
3. Please follow the details of account no. and
instruction as under, without exception and without making any error.
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1 |
CLIENT ID |
10000625 |
2 |
DPID |
IN001002 |
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3 |
CM – BP ID |
IN 510389 |
4 |
CM NAME |
NSCCL |
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5 |
MARKET TYPE |
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6 |
SETTLEMENT NO. |
2008173 |
4. It
may please be noted that transfer instructions are to be given in the above
account of NSCCL only. Please strictly
follow the under-mentioned points:
4.1 Instructions
given to any other accounts of NSCCL shall not be processed and shall be
treated as non-delivery of securities and dealt accordingly including auction
of the same as per laid down procedures.
4.2 It
may be noted that any IDO (Irreversible Delivery Out) instruction given in the
old ISIN shall be an invalid instruction and shall not be construed for pay-in
of the securities.
4.3 In
case any member has given IDO inadvertently, such member may get in touch with
Mr. Shorabh Sharma / Ms. Dinaz
Shroff - Securities section on phone no.26598267/68,
for necessary assistance.
You may also note that if the instructions given in point 3 above are
not followed then as a consequence, such delivery/ obligation shall remain open
and result in short delivery and be dealt with accordingly.
For National Securities Clearing
Corporation Ltd.
Rana Usman
Manager