The Securities and Exchange Board of India (SEBI) has directed stock exchanges to take action against 331 suspected shell companies that are listed on the Bourses. As a part of efforts to restrict black money menace, SEBI has said these scrips would not be available for trading this month. The list also includes several IT companies.
Here are 18 IT companies that have been barred by SEBI from trading this month
Shyama Infosys Ltd
Incorporated in the year 1996, Shyama Infosys Ltd is a small cap company with interests in IT services and health care sector.
Unisys Software and Holding Industries
Unisys Software is engaged in engaged in the business of trading of mobile applications and software.
Along with this, it also deals in trading of shares and mutual funds as well.
Crazy Infotech as per the information on its website claims to provide ‘total IT solutions’.
Chennai-based Crazy Infotech is said to specialize in customized software development, web development & website design with interactive flash & multimedia animation, system integration, networking solutions, corporate training, web promotion and consultancy services.
Silicon Valley Infotech Ltd.
Incorporated in the year 1993, Silicon Valley Infotech Ltd is a small cap company with interests in IT sector.
Cyberscape Multimedia Ltd
Cyberscape Multimedia Ltd, incorporated in the year 1996, the portfolio is said to include software products.
Info-Drive Software Ltd.
Info-Drive Software Ltd, incorporated in the year 1988, deals in software services business.
Avance Technologies Ltd
Avance Technologies claims to help “companies of all sizes harness the power of mobile to reach their customers”. The company has a mobile marketing suite.
Incorporated in the year 1986, SGN Telecoms Ltd deals in telecom cables.
Indian Infotech & Software Ltd.
Indian Infotech & Software Ltd, incorporated in the year 1982, is engaged in software development business.
FCS Software Solutions
FCS Software Solutions is a provider of IT services. The company provides solutions in the areas of e-learning, digital content services, IT consultancy and product engineering services.
Svam Software Limited deals in software development. As per the information on its website, it is engaged in: software development, sale purchase of software, sale purchase of computer-related hardware and sale purchase of computer-related accessories.
SMS Techsoft (India) Ltd
SMS Techsoft (India) Ltd, incorporated in the year 1995, too deals in software development business.
IKF Technologies Limited
IKF Technologies Ltd is public limited ISO 9001:2008 & ISO 27001:2005 company incorporated in the year 2000.
The company claims that its main objective is to promote IT, ITES, telecom and alternative energy resources across the globe.
Dhanus Technologies Limited is engaged in the sales and services of global calling Cards and development and maintenance of software, business process outsourcing (BPO) services and trading sales.
Acropetal Technologies is a business technology solutions company.
The company claims that its mission is to become the poster child of the Knowledge and Experience economy.
Allied Computers International (Asia) Limited
Allied Computers International (Asia) Limited is engaged in the sale and service of information technology and related products. These include laptops, PCs and more.
BT TechNet Ltd
Next IT company on the list is BT TechNet Ltd.
Positive Electronics Ltd deals in LED (Light Emitting Diode) lighting systems. The company sell a range of LED products and is said to be currently developing and testing a multi-channel programmable LED controller.
As carreid in GS on 11/8/2017