July 06, 2015

Press Release No. 1

Two Mumbai Based Companies-GIR Natureview Resorts and Bhalchandram Clothing- Get Listed on NSE’s Emerge ITP

Mumbai: Two Mumbai based companies— GIR Natureview Resorts Limited which provides support services to hospitality industry and Bhalchandram Clothing Limited that trades in raw cotton and cotton yarns, nationally and internationally— have got listed on NSE’s Emerge Institutional Trading Platform (ITP), taking the count of companies listed on the platform to 17.

NSE’s Emerge ITP is an exclusive platform for start-ups and growing companies to list and showcase their performance to their lenders and potential investors, without an IPO (Initial Public Offer). Here companies can raise funds through rights or placement issues.

NSE launched the EMERGE ITP platform in December 2013. The criteria for listing on ITP, without an IPO, is that the company should not have been incorporated for more than 10 years; one year’s audited financial statement, revenues of less than 100 crores and paid up capital of less than 25 crores. It should have existing investors and lenders to be eligible to list on ITP. Along with the ITP segment, the SME initiative of the exchange also includes NSE Emerge where companies can bring out IPO (unlike Emerge ITP).

"The Institutional trading platform helps start-ups in enhancing the visibility of the company, creating a market for the company's shares; besides increasing public awareness and interest in the company and its products. It also provides access to additional fund raising, through rights or placement issues" said Mr Ravi Varanasi, Chief - Business Development, NSE.

NSE has established a credible admission process and also handholds interested entrepreneurs in their journey to the capital markets. The exchange lends support to the issuer companies to reach out to the investor community. The platform encourages the promoters to give an audience to the investor community to instil confidence in them and thereby build their credibility. NSE is very keen that good quality companies should be able to raise funds on Emerge, while on the other hand it is an opportunity for investors to invest in high growth companies, with good business models.

For more details, contact:

Arindam Saha

Head - Corporate Communications

cc_nse@nse.co.in

+91 – 022 – 2659 8164

Press Release No. 2

News about Tilaknagar Industries Limited

The media had reports that “Chhabria's ABD to acquire Tilaknagar Industries.”

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

A copy of the clarification is available on the NSE website (http://www.nseindia.com) under (Corporates > Corporate Information > Announcements).

Press Release No. 3

News about JK Tyre & Industries Limited

The media had reports that “JK Tyre frontrunner to buy Birla Tyres from Kesoram.”

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

JK Tyre & Industries Limited has vide its letter inter-alia stated, “There is no transaction between JK Tyre & Industries Ltd. and Kesoram Industries Ltd."

Press Release No. 4

News about Kesoram Industries Limited

The media had reports that “JK Tyre frontrunner to buy Birla Tyres from Kesoram.”

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Kesoram Industries Limited has vide its letter inter-alia stated, “that we are not in negotiations with J K Tyres to sell/dispose of Birla Tyres, our tyre business. “

Press Release No. 5

Clarification by Ginni Filaments Limited

Significant price movement has been observed in Ginni Filaments Limited

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Ginni Filaments Limited has vide its letter inter-alia stated, “that company has not issued any price sensitive information to the public at large or any press releases which causes increase in price of security of the company. The increase in price of security is totally market driven and we do not have any relevant information to be shared to the stock exchanges.”