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Top companies in terms of pending investor complaints

This article was posted on Apr 21, 2013 and is filed under Market News

About two dozen companies, including state-run giants like ONGC and Coal India, had investor complaints pending against them for more than two months at the end of last fiscal, Sebi data indicated.

The latest data available with Sebi Complaints Redress System (SCORES) shows that a total of 23 listed companies had ten or more complaints pending against them for a period of more than 60 days as on March 31, 2013.

Together, more than 900 investor complaints were pending against these companies, which included ONGC, Coal India, Sterlite Industries and Zylog Systems.

However, the maximum number of 191 complaints were pending against Vatsa Corp, followed by 140 against Malanpur Steel and 110 against ONGC as on March 31, 2013. Sterlite Industries had 22 complaints, while Coal India had 13.

The other companies listed by Sebi for pending complaints include Malanpur Steel (140), Acropetal Tech (74), Zylog Systems (39), Blazon Marbles (34) and Osian Industries (33).

For more visit: Business Standard

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