Ref: NSCCL/SEC/2007/515                                                    October 05, 2007

 

 

DOWNLOAD REF NO: NSE/CMPT/9576

All Members / Custodians

 

Dear Sir(s)

 

Sub: ASIAN ELECTRONICS LTD. (ASIANELEC) - Stock Split

 

 

1)      ASIAN ELECTRONICS LTD (ASIANELEC) has announced a record date on Oct 29, 2007 for the purpose of ‘Face Value Split of shares from Rs.10 per share to Rs.5 per share’.  Accordingly, the ‘No-delivery period’ has been set up by NSCCL in the Normal Regular Market from Oct 22, 2007 to Oct 26, 2007 and the in-delivery settlement no. will be N-2007206. The first demat pay-in after the record date is scheduled for Oct 31, 2007. Due to the sub division of shares, NSDL shall issue new ISINs corresponding to existing ISINs of ASIAN ELECTRONICS LTD (ASIANELEC). This shall be effective for all outstanding balances of the security standing on Oct 29, 2007 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 INE441A01018 of ASIAN ELECTRONICS LTD (ASIANELEC) 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, 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. Nitin Bhasin /  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.

 

1

CLIENT ID

10000625

2

DPID

IN001002

 

 

 

 

 

 

3

CM – BP ID

IN 510389

4

CM NAME

NSCCL

 

 

 

 

 

 

5

MARKET TYPE

NORMAL

6

SETTLEMENT NO.

2007206

 

 

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. Cyril D’souza / Mr. Nitin Bhasin - 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