Daily Bulletin (January 27, 2020)



  1. Scrip code : 530117
    Name : Fairchem Speciality Limited
    Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
    This is to bring to your kind notice that as per the directions of Hon’ble NCLT, Mumbai Bench vide its order made on 22nd January, 2020 which was available to us on January 23, 2020, we have sent ‘Notice’ convening meeting of the equity shareholders of the Company on Tuesday, 25th February, 2020 at 4:30 p.m. at Conference Hall, Ahmedabad Textile Mills Associaation, Ashram Road, Ahmedabad – 380009 for the purpose of considering and if thought fit, approving, with or without modification(s), the proposed Composite Scheme of Arrangement and Amalgamation amongst Fairchem Speciality Limited (‘Applicant Company ‘ or ‘Demerged Company ‘ or ‘Transferee Company’) and Fairchem Organics Limited (‘Resulting Company’) and Privi Organics India Limited (‘Transferor Company’) and their respective shareholders (‘Scheme’ or ‘Composite Scheme of Arrangement and Amalgamation’).
  2. Scrip Code: 532652
    Scrip Name:  Karnataka Bank Ltd.
    Subject: Bonus Issue
    Inter alia, has discussed various options of augmenting the capital funds and approved the following, subject to the approval of shareholders of the Bank to be obtained through postal ballot/e-voting:
    1. Issue of Bonus Shares to the existing shareholders: The Board at its meeting held today (i.e., 27.01.2020) has recommended issue of Bonus shares in the proportion of 1 (One) Equity share of Rs.10/- each for every 10 (Ten) Equity shares held by the shareholders of the Bank as on the record date as may be determined by the Board/Committee at a later date.
    2. Qualified Institutions placement (QIP): Board has consented to create, offer, issue and allot equity shares having face value of Rs. 10 each to the Qualified hstitutional Buyers (QIBs) as defined under SEBI (Issue of Capital and Disclosure Requirements) Regulations, ,2018 (“SEBI ICDR Regulations”), such that the total number of equity shares to be issued shall not exceed 15,00,00,000 (Fifteen Crore) equity shares of the Bank.
  3. Scrip code : 540366
    Name : Music Broadcast Limited
    Subject : Corporate Action-Board recommends Bonus Issue
    In furtherance with our Notice dated January 16, 2020, and pursuant to Regulation 30(2) and 33 of the SEBI Listing Regulations, the Board of Directors of the Company at their meeting held today i.e. on Monday, January 27, 2020, which commenced at 4.30 p.m. and concluded at 6.00 p.m., has inter-alia, considered and Recommended issue of 1 (one) Bonus Share for every 4 (Four) equity shares held by the equity shareholders of the Company to shareholders
  4. Scrip code : 539526
    Name : Suncare Traders Limited
    Subject : Board approve Sub-Division of Equity Shares & Bonus Issue
    Suncare Traders Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2020, inter alia, have: – For Sub-Division of Face Value of Equity Shares of Rs. 10/- into Rs. 2/- per Equity Share. – To Issue Bonus Shares in the ratio of 2:1, subject to approval of Shareholders at Extra Ordinary General Meeting of the Company to be held on February 25, 2020.