Monthly Archives: April 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200430-39

1. Scrip code : 540222
Name : Laurus Labs Limited
Subject : Board recommends Final Dividend & Sub-division (Split) of equity shares
Laurus Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2020, inter alia, have transacted the following: 1. The Board of Directors have recommended a final dividend of Rs. 1.00 (10%) per equity share of face value of Rs. 10/- each, for the financial year 2019-20. 2. The Board of Directors have recommended for the sub-division of equity shares of the Company from existing face value of Rs. 10/- each to face value of Rs. 2/- each (i.e. split of 1 equity share of Rs.10/- into 5 equity shares of Rs. 2/- each), to the approval of the shareholders in the ensuing Annual General Meeting of the Company and subject to other approvals as may be required.

2. Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Board approves Rights Issue of equity shares
Reliance Industries Ltd has informed BSE about Outcome of Board Meeting held on April 30, 2020.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200429-41

1. Scrip code : 535602
Name : Sharda Motor Industries Ltd
Subject : Update Over The Apportionment Of Pre-Demerger Cost Of Acquisition Of The Equity Shares Of Sharda Motor Industries Limited Consequent Upon Effectiveness Of The Scheme Of Arrangement (‘Scheme’) Between Sharda Motor Industries Limited (‘The Company’) And NDR Auto Components Limited And Their Respective Shareholders And Creditors
In continuous to our previous intimations made with respect to the Scheme of Arrangement (‘Scheme’) between Sharda Motor Industries Limited (‘the Company’) and NDR Auto Components Limited and their respective Shareholders and Creditors, please find enclosed herewith the details of Apportionment of pre-demerger cost of acquisition of the equity shares of the Company and NDR Auto Components Limited issued by the M/s. Sundae Capital Advisors Private Limited, Merchant Banker of the Company. This is for your information and records.

2. Scrip code : 539872
Name : Bajaj Healthcare Limited
Subject : Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015
In terms of regulation 30 of SEBI (LODR) Regulation, 2015, this is to inform you that the Company has agreed to acquire stressed Assets from Saraswat Cooperative Bank comprising of Land, Building, Plant & Machineries and other assets as per Annexure ‘A’ attached herewith.

3. Scrip code : 532720
Name : Mahindra & Mahindra Financial Services Limited
Subject : Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
We refer to our letter dated 21st June, 2019 regarding execution of the Share Subscription Agreement and Shareholders” Agreement by and amongst the Company, Mahindra Asset Management Company Private Limited (‘MAMCPL’), Mahindra Trustee Company Private Limited (‘MTCPL’), [i.e. the wholly-owned subsidiaries of the Company] and Manulife Investment Management (Singapore) Pte. Ltd. (formerly known as Manulife Asset Management (Singapore) Pte. Ltd.) (‘Manulife’) and acquisition of a 49% stake by Manulife in MAMCPL and MTCPL. In furtherance of the above, we wish to inform you that Manulife has today acquired a 49% stake in MAMCPL and MTCPL. Consequent to the above, the shareholding of the Company in MAMCPL and MTCPL has come down from 100% to 51% of the share capital respectively, and accordingly, MAMCPL and MTCPL will cease to be wholly-owned subsidiaries of the Company but, continue to remain the Company’s subsidiaries. Please find enclosed a Press Release being issued in this regard.

4. Scrip code : 717979
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We had, vide our disclosure dated November 07, 2019, informed you that Reliance Strategic Business Ventures Limited (‘RSBVL’), a wholly owned subsidiary of the Company, had acquired 17.37% shareholding in SkyTran Inc. on a fully diluted Page 36 bu290420.txt basis. Subsequent to our disclosure dated November 7, 2019, RSBVL acquired convertible notes in two tranches, the first one on November 29, 2019 and the second one on March 23, 2020, which got converted into shares of SkyTran Inc. on April 27, 2020 upon certain conditions being satisfied. Consequent upon this, the shareholding of RSBVL in SkyTran Inc. stood increased to 26.31% on a fully diluted basis. No regulatory approvals were required in India for the aforesaid acquisition of shares. The investment does not fall within related party transaction and none of the Company”s promoter I promoter group I group companies have interest in skyTran Inc

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200428-34

1. Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Board Meeting Intimation for Board Meeting
RELIANCE INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2020 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30, 2020 inter alia to: (a) consider and approve the standalone and consolidated audited financial results of the Company for the quarter / year ended March 31, 2020; (b) recommend dividend on equity shares of the Company; and (c) consider a proposal to issue equity shares to existing shareholders on Rights basis, as may be permitted under applicable law, subject to such regulatory/statutory approvals, as may be required.

2. Scrip code : 532215
Name : AXIS Bank Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is with reference to our letter no. AXIS/CO/CS/981/2019-20 dated 20th February 2020 on ‘Confidentiality and Exclusivity Agreement with Max Financial Service Limited’. We wish to inform you that the Board of Directors at its meeting held on Monday, 27th April 2020, has approved entering into an agreement with Max Financial Services Limited (MFSL) to acquire 29% stake in Max Life Insurance Company Limited. The Bank will acquire shares from Max Financial Services and will sign a Shareholders’ Agreement and a Share Purchase Agreement in relation to the same. The said transaction is subject to satisfaction of conditions precedent, including receipt of regulatory approvals from Reserve Bank of India, Insurance Regulatory and Development Authority of India and Competition Commission of India, among others. The details as required under the Listing Regulations are provided in Annexure A. The press release in this regard is attached herewith.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200427-38

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
Dear Sir/Madam, We refer to our letter dated April 13, 2020 intimating your office about application filed by the Company with the Hon’ble National Company Law Tribunal, Mumbai Bench seeking for: (a) Dispensation of meeting of the National Company Law Tribunal convened meeting of the shareholders scheduled to be held on Thursday, April 16, 2020 as the same in current environment was not be possible and (b) to consider and accept the votes casted via Remote E-voting / Postal Ballot facility till Wednesday, April 15, 2020 as the final consent of the shareholders towards the Scheme of Arrangement between IndusInd Media & Communications Limited (‘IMCL’ or ‘Demerged Company’) and NXTDIGITAL LIMITED (‘NXTDIGITAL’ or ‘Resulting Company’) and their respective shareholders; In this regard we would like to inform you all that the aforesaid application made by the Company has been allowed by the Hon’ble National Company Law Tribunal Mumbai Bench, on Wednesday, April 22, 2020.

2. Scrip code : 532966
Name : Titagarh Wagons Ltd
Subject : NCLT Convened Meeting On 29Th April, 2020
We enclose herewith the notice of the Hon”ble National Company Law Tribunal (`NCLT”) convened meetings of the equity shareholders, secured creditors and unsecured creditors of Titagarh Wagons Limited (‘the Company’) to be held on Wednesday, 29th April, 2020 at 4:00 P.M., 5:00 P.M. and 5:30 P.M. respectively through video conferencing in terms of the Order passed by NCLT on 22nd April, 2020, which has been duly dispatched to the shareholders and creditors whose email addresses are registered with the Company, for approval of the Scheme of Amalgamation by absorption of Cimmco Limited (Transferor Company No. 1), Titagarh Capital Private Limited (Transferor Company No. 2) with the Company.

3. Scrip code : 512070
Name : UPL Limited
Subject : Closure Of Transaction With Regards To Yoloo (Laoting) Bio-Technology Co., Ltd. The Company hereby confirms the completion of acquisition of Yoloo (Laoting) Bio-technology Co. Ltd., that was announced on 14th November 2019, post all customary and regulatory approvals and the transaction is closed.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200424-38

1. Scrip code : 500770
Name : Tata Chemicals Ltd
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Sanction of Scheme of Merger by Absorption under Section 234 read with Section 230 to Section 232 of the Companies Act, 2013 of Bio Energy Venture – 1 (Mauritius) Pvt. Ltd, a wholly owned subsidiary of the Company (Transferor Company) by Tata Chemicals Limited (Transferee Company) and their respective shareholders

2. Scrip code : 509079
Name : Gufic BioSciences Ltd.
Subject : Announcement Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
This is in reference with the Scheme of Amalgamation of Gufic Biosciences Limited (‘the Company’) with Gufic Lifesciences Private Limited (‘GLPL’) and their respective shareholders and creditors, for which ‘Observation Letters’ with no adverse remarks have been received by BSE Limited and National Stock Exchange of India Limited vide their letters dated April 15, 2020. We are pleased to inform you that GLPL have been approved by ANVISA, Brazil and with this approval, GLPL can now expand its business in the territory of Brazil.

3. Scrip code : 500477
Name : Ashok Leyland Ltd.,
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
In continuation to our letters dated March 18, 2020, March 21, 2020 and March 25, 2020, we hereby inform you that the Company has in tranches, acquired 15796406 shares of Rs.10/- each, constituting 3.36% of the paid-up equity share capital of Hinduja Leyland Finance Limited (“HLFL”), a subsidiary of the Company. Consequent to the aforesaid acquisition, the Company’s shareholding in HLFL stands increased from 65.45% to 68.81%. The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on March 21, 2020. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in annexure. We request you to kindly note and take the above information on record.

4. Scrip code : 542772
Name : IIFL Wealth Management Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Further to our letter dated August 28, 2019 on the captioned subject, we would like to inform the stock exchange(s) that IIFL Wealth Finance Limited has completed the acquisition of 100% of the paid- up share capital of L&T Capital Markets Limited (LTCM) on a fully diluted basis from L&T Finance Holdings Limited on 24 April 2020. Accordingly, with effect from 24 April 2020, LTCM has become a wholly owned subsidiary of the Company. following are also enclosed: i. a copy of the press release issued by the Company (Annexure I): ii. details of the acquisition, pursuant to SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 (Annexure II) We request you to kindly take this intimation on record.

5. Scrip code : 500520
Name : Mahindra & Mahindra Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
With reference to the captioned subject, we would like to inform you that pursuant to the approval granted by the Board of Directors, the Company has today subscribed to 288 Compulsorily Convertible Preference Shares of Sampo Rosenlew Oy, Finland, an Associate of the Company (‘Sampo’). Pursuant to the said transaction, the voting rights of the Company in Sampo would increase from 49.04% to upto 49.14%.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200423-40

1. Scrip code : 534816
Name : Bharti Infratel Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board of Directors of the Company met earlier today and took note of the status of Scheme of arrangement between Indus and Bharti Infratel. Since the conditions precedent to be fulfilled for the Scheme to become effective cannot be completed by the extended Long Stop Date i.e. April 24, 2020, the Board of Directors have further extended the Long Stop Date till June 24, 2020, subject to agreement on closing adjustments and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme. The final decision to implement the scheme will be taken by the Board keeping in mind the best interest of the Company and its stakeholders.

2. Scrip code : 500164
Name : Godrej Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is with reference to the Scheme of Arrangement (Demerger) between Ensemble Holdings and Finance Limited (‘the Demerged Company’) and Godrej Industries Limited (‘the Resulting Company’) and their respective Shareholders pursuant to Section 230 to Section 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 (‘Scheme’), subject to receipt of applicable regulatory and other approvals. In this regard, we are pleased to inform you that the final hearing for the Scheme was conducted by the Hon’ble National Company Law Tribunal, Mumbai Bench (‘Hon’ble NCLT’) via videoconferencing on April 22, 2020 and an Order was passed approving the Scheme. An uncertified copy of the said Order is made available on April 23, 2020 on the website of the Hon’ble NCLT. Order of the Hon’ble NCLT as uploaded on their website is attached herewith for your record.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200422-25

1. Scrip code : 532636
Name : IIFL FINANCE LIMITED
Subject : Announcement under Regulation 30 (LODR)-Credit Rating
We would like to inform that pursuant to the order passed by Hon’ble National Company Law Tribunal (NCLT) dated March 07, 2019 approving the Composite Scheme of Arrangement (‘Scheme’), the merger of India Infoline Finance Limited with IIFL Finance Limited (‘the Company’) was effected on March 30, 2020. Pursuant to the said merger all notes issued under the USD1 billion medium-term note (MTN) programme were transferred from India Infoline Finance Limited to IIFL Finance Limited. In view of above, international credit rating agency viz Fitch Ratings has assigned Issuer Default Rating (IDR) and Debt Ratings to IIFL Finance Limited in place of India Infoline Finance Limited as per enclosed rating rational. Kindly take the same on record and oblige.

2. Scrip code : 717981
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
We attach a copy of the media release titled ‘Facebook to Invest ? 43,574 crore in Jio Platforms for a 9.99% Stake’ issued by the Company.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200421-35

1. Scrip code : 500469
Name : Federal Bank Ltd.
Subject : Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Acquisition Of Shares Of IDBI Federal Life Insurance Co Ltd
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Acquisition of shares of IDBI Federal Life Insurance Co Ltd

2. Scrip code : 532221
Name : Sonata Software Ltd.
Subject : Intimation Regarding Completion Of Acquisition Of Gapbuster Ltd.
Intimation regarding completion of acquisition of GAPbuster Ltd.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200420-51

1. Scrip code : 539334
Name : Shree Pushkar Chemicals & Fertilisers Limited
Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
The Company intimated that the BOD of the Company have approved the proposal of acquisition of 100% stake of Madhya Bharat Phosphates Private Limited (hereinafter ‘MBPL’) through National Company Law Tribunal, Ahmedabad Bench (hereinafter ‘NCLT’) under the Insolvency & Bankruptcy Code, 2016 (hereinafter ‘IBC’) and in pursuance of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform that the NCLT, has approved the Resolution Plan for proposed takeover of MBPL, to which the Company was Resolution Applicant, pursuant to provisions of IBC. The Company is acquiring 100% stake in MBPL. The unit of MBPL located in Madhya Pradesh, has two plants at Jhabua and Deewanganj has a capacity to manufacture SSP of 1.5 Lac MTA and 0.4 Lac MTA, respectively, and a Plant for a manufacture of LABSA. The Order of NCLT,was delivered on 5th March, 2020 and the Certified True Copy of the Order, dated 20th March, 2020, was received on 17th April,2020.

2. Scrip code : 540686
Name : Smruthi Organics Limited
Subject : Announcement Under Regulation 30- Acquisition Of License For Manufacturing Apis Hydroxy Chloroquine (HCQ) And Chloroquine Sulphate.
We inform you that responding to the need of the hour in this fight against Covid-19, the company has acquired manufacturing license for APIs Hydroxy Chloroquine (HCQ) and Chloroquine Sulphate at its Solapur plant. The production of the said products will commence shortly.

3. Scrip code : 532343
Name : TVS Motor Company Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
TVS Motor Company completes acquisition of Norton.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200417-43

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Voting Results Of Postal Ballot & E-Voting Pursuant To The Regulation 44 Of The SEBI(LODR) Regulation, 2015 Towards The Approval Of The Scheme Of Arrangement Between Indusind Media & Communications Limited And NXTDIGITAL LIMITED And Their Respective Shareholders Under Sections 230-232 And Other Applicable Provisions, If Any, Of The Companies Act, 2013.
Subject to outcome / confirmation by NCLT on the application dated 13/4/2020, Pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we are forwarding herewith the below reports alongwith this letter: 1) Combined Voting Results for the Remote E-voting and Postal Ballot; and 2)Combined Scrutinizer’s Report having UDIN F009683B000163254 for the Remote E-voting and Postal Ballot issued by Ms. Akansha Bilaney (Ms. Akansha Motwani), Practicing Company Secretary (Membership No.: 9683) and COP No.: 11975); and 3) Summary of The Proceedings of The Results of Postal Ballot and Remote E-Voting of NXTDIGITAL LIMITED. Kindly note that based on Scrutinizer report the above-mentioned resolution is passed with requisite majority of the shares held by three fourth majority of the public shareholders (i.e. excluding promoters) of the Company.