NATIONAL SECURITIES CLEARING CORPORATION LIMITED
CAPITAL MARKET SEGMENT
Circular No. 404
Download No.: NSE/CMPT/13048 September 09, 2009
Dear Members/Custodians
Sub: RAMCO INDUSTRIES LIMITED. (RAMCOIND) - Stock Split
1. RAMCO INDUSRTIES LIMITED (RAMCOIND) has announced a record date on September 15, 2009 for the purpose of ‘Face Value Split of shares from Rs.10 per share to Rs.1 per share’. Accordingly, the ex-date has been set up by NSCCL in the Normal Regular Market as September 14, 2009 for settlement number N- 2009172. Due to the sub division of shares, NSDL shall issue new ISINs corresponding to existing ISINs of RAMCO INDUSTRIES LIMITED (RAMCOIND). This shall be effective for all outstanding balances of the security standing on September 15, 2009 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. Clearing Members shall make early pay-in for trades executed on September 14, 2009 and September 15, 2009 in the new ISIN on September 16, 2009.
3. To make an early pay-in in the old/existing ISIN INE614A01010 of RAMCO INDUSTRIES LIMITED(RAMCOIND) for settlement numbers N-2009172 and N-2009173 on September 14, 2009 and September 15, 2009 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 ten shares of new ISIN).A copy of the transfer instructions should be faxed to the Securities Section addressed to Ms. Supriya Kharkar / Ms. Poonam Juriasinghani to claim the benefits of early pay-in (Fax Nos. 26598269).
4. Please follow the details of account no. and instruction as under, without exception and without making any error.
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CLIENT ID |
10000625 |
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DPID |
IN001002 |
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CM – BP ID |
IN 510389 |
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CM NAME |
NSCCL |
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MARKET TYPE |
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6 |
SETTLEMENT NOs. |
2009172/2009173 |
5. 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:
5.1 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.
5.2 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.
5.3 In case any member has given IDO inadvertently, such member may get in touch with the officials as per the details given below
You may also note that if the instructions given in point 4 above are not followed then as a consequence, such delivery/ obligation shall remain open and result in short delivery and be dealt with accordingly.
6. Clearing members are requested to take a note of the cut off timings for making early pay-in at the depositories end.
For any further clarifications members may contact the following officials of the Clearing Corporation: Ms. Supriya Kharkar and Ms. Poonam Juriasinghani.
Phone Nos. 022-26598267/ 26598268
Fax Nos: 26598269
Email : securities_nsccl@nse.co.in
For National Securities Clearing Corporation Ltd.
Rana Usman
Asst Vice President