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April 29, 2015

Press Release No. 1

Veto Switchgears and Cables Limited, a Jaipur based SME becomes the first to migrate from NSE’s SME platform EMERGE to the Main Board

Veto Switchgears and Cables Limited, a Jaipur based SME, has become the first company to migrate from the NSE EMERGE platform, its SME platform to the main board of the National Stock exchange. NSE had recently given approval to the company to move to the main trading platform. The listing ceremony was held in Jaipur, where the company is based, in the presence of Mr Mohan Das Gurnani, Group Chairman Veto Switchgears and Cables ltd, Group CFO, Mr P V Sharma and Mr Ravi Varanasi, Chief Business development, NSE.

Veto switchgears, an electrical accessories company which manufactures wires and cables has benefited immensely from listing on NSE’s SME platform ‘Emerge’, because it helped in creating more awareness among its Shareholders and gave them higher brand recognition. The company was successfully listed on NSE’s SME Platform on December 13, 2012 with an issue size of INR 25 cr. The company got a high rating from Crisil and NSIC, recorded a post IPO turnover of ÌNR 95 crores, during FY 2013-14, which is 28% higher than their pre IPO turnover, and issued bonus shares in the ratio of 1:10 in 2013.

After fulfilling the criterion for the main trading platform of NSE, Veto switchgears and cables has moved from the Emerge platform to the NSE main trading platform.

NSE MD and CEO, Ms Chitra Ramkrishna said in a statement ‘’ there is a need for more options for funding SME’s. In addition to the traditional route of funding by banks and venture funds, entrepreneurs should actively look at other avenues for raising capital and listing on an SME exchange like Emerge offers them that unique opportunity.’’

The Group Chairman of Veto Switchgears and Cables Mr Mohan Das Gurnani said’’

‘’ Listing on Emerge has given us higher brand recognition and credibility among investors. We are now looking at increasing our market share, by increasing our presence and marketing our products to new locations in India and overseas. By listing on the main board of the prestigious National stock exchange, we would like to raise capital to increase our existing capacities. We hope our positive experience will encourage other SME’s in Rajasthan to come forward and list on NSE.’’

National Stock Exchange has made intensive efforts over the years to educate SME’s about the benefits of raising funds through its SME Platform – EMERGE, by issuing an IPO. The platform helps entrepreneurs to raise capital for their growth and innovation and helps the companies to unlock value for its early investors to find an efficient exit.

NSE also presents an alternative capital expansion route like the Institutional Trading Platform (ITP). 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.

With more and more young entrepreneurs launching their own start-ups and enterprises, SME’s are expected to provide the next phase of growth to propel the Indian Economy. Prime Minister Modi has also called small businesses the backbone of the Indian economy.

India has witnessed a growing start-up ecosystem fuelled by a large entrepreneurial community. Simultaneously there is a growing Angel and Venture Capital Industry providing much needed equity capital to these businesses. Early investors or risk investors specifically look for high risk, high growth industries and opportunities, where there is a lot of M&A and IPO activity. They need their investments to become liquid in a short period of time. The marketability provided by listing provides an easy exit route for those shareholders who would prefer cashing in on their holdings.

Press Release No. 2

Clarification by Zodiac JRD- MKJ Limited

Significant price movement has been observed in Zodiac JRD- MKJ 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.

Zodiac JRD- MKJ Limited has vide its letter inter-alia stated, "There are no events, information or price sensitive information that the Company is withholding which may have a bearing on the operations or performance of the Company and which the Company ought to make to the Stock Exchanges as required under Clause 36 of the Listing Agreement. Also, we are unaware of the cause of price volatility in our script and recent increase in the volume of trading."

Press Release No. 3

News about Punj Lloyd Limited

The media had reports that "Bharat Forge, Punj Llyod Vie for Army's Rs 17K cr Guns order".

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.

Punj Lloyd Limited has vide its letter inter-alia stated, "As part of Company's defence initiatives, it keeps evaluating various business opportunities. In this regard, the Company had submitted its proposal for air defence guns to Ministry of Defence (MOD) as per their Request for Information (RFI). The Company has not received any confirmation from MOD in this regard."

Press Release No. 4

News about Bharat Forge Limited

The media had reports that”Bharat Forge, Punj Llyod Vie for Army's Rs 17K cr Guns order".

Bharat Forge Limited has vide its letter inter-alia stated, "The news item is speculative in nature and there are no updates nor official information received by the Company."

Press Release No. 5

Lisitng of Equity shares of Mahaveer Cotts Strings Limited

The equity shares of the following company shall be listed and admitted to dealings on the SME- Institutional Trading Platform (SME EMERGE-ITP) of the Exchange w.e.f. April 30, 2015

Sr. No.	Symbol	Name of the Company	ISIN Code
1	MCSL	Mahaveer Cotts Strings Limited	INE208S01013

The equity shares of Mahaveer Cotts Strings Limited (Symbol: MCSL) shall be traded in the Normal Market segment in compulsory demat for all investors.

Press Release No. 6

Listing of Equity shares of VRL Logistics Limited

The equity shares of the following Company shall be listed and admitted to dealings on the Exchange w.e.f. April 30, 2015.

Sr. No.	Symbol	Name of the Company	ISIN Code
1	VRLLOG	VRL Logistics Limited	INE366I01010