With effect from 09 November 2015
Welspun Enterprises announced that the Securities and Exchange Board of India ("SEBI") has, vide order dated 09 November 2015, directed the exit of Vadodara Stock Exchange ("VSE") as a stock exchange with effect from 09 November 2015.Based on the exit order, The Company presume the following:
1. The equity shares of the Company, which were listed on VSE prior to the exit order, ceases to be listed on VSE w.e.f. 09 November 2015, without any further action required to be undertaken by the Company with regard to its delisting from VSE.
2. As a result, no compliances / payment of annual listing fee, as required under the Equity listing agreement/ SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 to be effective from December 01, 2015, are required to be made to VSE going forward.
Further, the equity shares of the Company will continue to be listed on the National Stock Exchange ("NSE") and the Bombay Stock Exchange (BSE).
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