August 5, 2019 - Jeena Scriptech Alpha Advisors

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190805-40

There are no current notifications of our companies on this date

1.Scrip code : 524208
Name : Aarti Industries Ltd
Subject : Board Meeting Intimation for Board Meeting On Tuesday, August 13, 2019
AARTI INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2019 ,inter alia, to consider and approve This is to inform you that the next meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, August 13, 2019 inter-alia to; 1) Consider, approve and take on record Audited Financial Results for the quarter ended June 30, 2019. 2) Consider, Recommendation of Issue of Bonus Shares. In pursuant to our intimation dated June 29, 2019, the Trading Window of the Company shall remain closed until August 15, 2019 for the aforesaid purpose.

2.Scrip code : 511724
Name : Baid Leasing And Finance Co.Ltd.
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
In continuation with our letter dated July 18, 2019 and in consonance with the captioned, we wish to inform you that the matter was taken up before Hon’ble National Company Law Tribunal (‘NCLT’), all the parties were heard and it was recorded that none of the statutory bodies have any pending objections and the order was reserved. As and when the order is received by the company due intimation/compliances will be made. This is for your information. We request you to kindly take the same on your record.

3.Scrip code : 539978
Name : Quess Corp Limited
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
This is in continuation to our letter dated 26th March 2019, we would like to inform that there were certain inadvertent and typographical error in the clause 14 Para 1 on Page 29 of the Scheme of Amalgamation under Section 233 of the Companies Act 2013. We request you to kindly take the attached corrected Scheme of Amalgamation on record and oblige. There is no other changes in the Scheme of Amalgamation. The corrected Scheme of Amalgamation is enclosed herewith.

4.Scrip code : 533096
Name : Adani Power Limited
Subject : Press Release – Completion Of Acquisition Of GMR Chhattisgarh Energy Ltd.
Press Release – Completion of acquisition of GMR Chhattisgarh Energy Ltd.

5.Scrip code : 957116
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Reliance Industrial Investments and Holdings Limited (‘RIIHL’), a wholly-owned subsidiary of Reliance Industries Limited ( ‘the Company’) has entered into an agreement for acquisition of equity shares of Shopsense Retail Technologies Pvt. Ltd. (‘Shopsense’ or ‘Fynd’) for a cash consideration not exceeding INR 295.25 crore. RIIHL has an option to further invest an amount of up to INR 100 crore which is likely to be completed by December 2021. The total investment will translate into ~87.6% of equity share capital in Fynd on a fully diluted and converted basis. Fynd is a software technology company incorporated on 27 September 2012. Fynd provides technology platform and solutions to merchants to manage their inventory and sales across multiple demand channels for consumers, including e-commerce platforms.

6.Scrip code : 502219
Name : Borosil Glass Works Ltd.
Subject : Additional Investment In Subsidiary Company
This is to inform you that the Company has made an additional investment of Rs. 2,50,00,045 by way of subscription towards the final call in the rights issue of partly paid up equity shares of Klass Pack Limited (Klasspack), a subsidiary company.

On the tepid credit growth, Kumar said he expects some pick up during the second half

With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans, State Bank chairman Rajnish Kumar said Thursday.

The chairman of the largest lender said there have been instances where an individual or a company has borrowed from one bank and at the same time uses a current account facility with some other bank to divert funds.

“Hiring oversight agencies is one of the things being done by banks to prevent such misuse,” Kumar told reporters.

He also suggested that methods of lending will need to undergo change.

“The consortium discipline or the multiple banking discipline has to be improved and there the regulator also has to pay a role,” he said.

On the tepid credit growth, Kumar said he expects some pick up during the second half.

“If you look at the year-on-year growth, we are seeing 13 percent. Hopefully, if this continues or remains at the same level in the second half, we will be very happy. Only by the second half we will know how much credit is needed,” Kumar said.

Talking about the liquidity conditions, he said at the sectoral level, there is enough liquidity in the system as the RBI announced many measures immediately after the budget to improve liquidity for NBFCs.