Monthly Archives: April 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200416-36

1. Scrip code : 532734
Name : GODAWARI POWER AND ISPAT LTD.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Intimation regarding receipt of Observation Letters from Stock Exchanges of the Draft Scheme of Arrangement involving of Demerger of Power Business Undertaking of Jagdamba Power and Alloys Limited with into Godawari Power and Ispat Limited. Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, we wish to inform you that our Company has received observation letters from both BSE and NSE vide their letters dated 13.04.2020 and 15.04.2020 respectively regarding draft Scheme of Arrangement involving of Demerger of Power Business Undertaking of Jagdamba Power and Alloys Limited with into Godawari Power and Ispat Limited under Section 230 to 232 of the Companies Act, 2013, enabling the Company to file the scheme with the Hon”ble NCLT. Please find attached herewith the copies of observation letters of NSE and BSE, which are self explanatory.

2. Scrip code : 531225
Name : XTGLOBAL INFOTECH LIMITED
Subject : Board Meeting Intimation for Approval Of Financial Results Of The Company For The Financial Year Ended On 31St March, 2020 And Other Matters
Xtglobal Infotech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/04/2020 ,inter alia, to consider and approve 1.To consider and approve Standalone and Consolidated Audited Financial Results of the Company for the fourth Quarter and financial year ending on 31st March, 2020. 2.To take note of Statutory Auditor’s Report for the for the Financial Year 2019-20. 3.To consider and pass Board Resolution under the applicable provisions of the Companies Act, 2013 for providing Loan to wholly owned subsidiary company of XTGlobal Infotech Limited i.e. Xenosoft Technologies (India) Private Limited within the prescribed limit. 4.To consider and approve the proposal for the Merger of Xenosoft Technologies (India) Private Limited (‘Transferor Company’), a wholly owned subsidiary of the Company, with XTGlobal Infotech Limited (Formerly Frontier Informatics Limited) (‘TheCompany’or’Transferee Company’) and their shareholders and creditors, under Chapter XV Compromises, Arrangements and Amalgamations of the Companies Act, 2013

3. Scrip code : 509079
Name : Gufic BioSciences Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is in reference to the Scheme of Amalgamation of Gufic Lifesciences Private Limited with Gufic Biosciences Limited and their respective shareholders and creditors, which was filed with the Stock Exchanges for their approval/no objection in terms of Regulation 37 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We are pleased to inform that we have received no adverse observation from BSE Limited and National Stock Exchange of India Limited vide their letters dated April 15, 2020 on the draft Scheme of Amalgamation. The said letters are enclosed herewith for your reference. The Company would now approach Hon’ble National Company Law Tribunal for further process. Any developments in the above shall be duly intimated.

4. Scrip code : 523229
Name : Bharat Seats Ltd
Subject : Regarding Change In Promoters(Cessation Of ‘Sharda Motor Industries Limited’ And Entry Of ‘NDR Auto Components Limited’)
This is to inform that one of the Promoter Group Company, Sharda Motor Industries Limited has transferred 9000000 Equity Shares of Company on 11.04.2020 and its current shareholding as on date in the Company has decreased to Nil from 28.66 %. Further, with the above, Sharda Motor Industries Limited does not hold any share in the Company and as such shall no longer be part of “PROMOTER GROUP” as defined under clauses (zb) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. Further, to inform that another Promoter Group Company, NDR Auto Components Limited has acquired 9000000 Equity Shares of Bharat Seats Limited (“the Company”) on 11.04.2020 from Sharda Motor Industries Limited, another Promoter Group Company. The said change in Promoters is as per the Scheme of Arrangement which was approved by Hon’ble National Company Law Tribunal vide its orders dated 20.02.2020.

5. Scrip code : 540153
Name : Endurance Technologies Limited
Subject : Acquisition Of Adler Spa By Endurance Overseas Srl., Subsidiary Of The Endurance Technologies Limited
We inform that Endurance Overseas Srl, Italy, a subsidiary of the Company and the special purpose vehicle for strategic overseas investments, has acquired controlling equity stake of 99%, in Adler SpA.

6. Scrip code : 500271
Name : Max Financial Services Limited
Subject : Cancellation Of The Adjourned Extra-Ordinary General Meeting (EGM) Scheduled To Be Held Earlier In The Day
This is further to our earlier disclosure letters dated March 9, 2020 and April 2, 2020 for convening of an EGM seeking approval of the shareholders for issuance of equity shares of the Company on a preferential issue basis to Mitsui Sumitomo Insurance Company Limited, Japan (MSI) for consideration other than cash, i.e., by way of acquisition of a portion of MSI’s shareholding in Max Life Insurance Company Limited, the Company’s sole subsidiary. In this regard, we would like to inform you that the adjourned EGM scheduled to be held earlier today at 11.00 A.M. at the Registered Office of the Company at Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab – 144 533 could not be held for want of requisite quorum due to nationwide lockdown arising from COVID-19.

7. Scrip code : 532432
Name : United Spirits Limited
Subject : Announcement Under Regulation 30 – Fund Raising By Our Investee Company
Further to the disclosure made by the Company on 25th June, 2018, regarding the acquisition of shares in HipBar Private Limited, please be informed that HipBar has today issued Compulsory Convertible Preference Shares (CCPS) to its promoter group for INR 3 crores. While the exact conversion ratio of these CCPS would be fixed at a later date, the dilution of Company’s equity in HipBar consequent to the aforesaid CCPS issuance is expected to be in the range of 2.4% to 3.4%. Accordingly, the revised shareholding of the Company (on a fully diluted basis) is expected to be 22.6% to 23.6%.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200415-29

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith copy of paper cutting of Business Standard and Sakaal of Wednesday, April 15, 2020, wherein Intimation to the Equity Shareholders of the Company is published towards application filed with the Hon’ble National Company Law Tribunal was filed on Monday, April 13, 2020 requesting for: (a) Seeking dispensation of meeting of the NCLT convened meeting of the shareholders scheduled to be held on Thursday, April 16, 2020 as the same in current environment will 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 .

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200413-46

1. Scrip code : 532755
Name : Tech Mahindra Limited
Subject : Modification in terms of acquisition of majority stake in Cerium Systems Private Limited
Tech Mahindra Ltd has informed BSE regarding “Modification in terms of acquisition of majority stake in Cerium Systems Private Limited”.

2. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : COVID-19 & Total Lockdown Situation- Authorization To Officers Of The Company For Making Application To The National Company Law Tribunal, Mumbai Bench.
In view of the COVID-19 and total lockdown situation, the Board of Directors of the Company on April 11, 2020 has granted authority to the officers of the Company for making application to the National Company Law Tribunal, Mumbai Bench: (1) (a) Seeking dispensation of meeting of the NCLT convened meeting of the shareholders scheduled to be held on Thursday, April 16, 2020 as the same in current environment will 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 and Communications Limited (‘IMCL’ or ‘Demerged Company’) and NXTDIGITAL Limited (‘NXTDIGITAL’ or ‘Resulting Company’) and their respective shareholders;

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200409-45

1. Scrip code : 500440
Name : Hindalco Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release Pursuant to Regulation 30 of Listing Regulations, enclosed herewith is the Press Release of Novelis Inc. subsidiary of Hindalco Industries Limited receiving clearance for Aleris acquisition

2. Scrip code : 540565
Name : India Grid Trust
Subject : Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
We hereby inform that the Committees and the Board of Directors of Investment Manager of India Grid Trust (‘IndiGrid’) on April 8, 2020, has approved: 1) Addition of Renewable Energy to IndiGrid”s Investment Strategy and consequent amendment to the Trust Deed 2) Acquisition of Gurgaon-Palwal Transmission Limited (‘GPTL’), Power Transmission Asset 3) To conduct Postal Ballot to seek Unitholders approval for aforesaid transactions. We are enclosing herewith the Notice of Postal Ballot dated April 8, 2020. Further, in relation to aforesaid acquisition of the Power Transmission Asset, please find attached the Valuation Report issued by the independent valuer of IndiGrid, Mr. S. Sundararaman which is annexed to aforesaid notice. We are also enclosing herewith the Corporate Presentation and press release.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200408-32

1. Scrip code : 540596
Name : Eris Lifesciences Limited
Subject : Announcement under Regulation 30 (LODR)-Dividend Updates
UPDATE ON PAYMENT OF INTERIM DIVIDEND

2. Scrip code : 500380
Name : JK Lakshmi Cement Limited
Subject : Announcement under Regulation 30 (LODR)-Dividend Updates
Interim Dividend Update pursuant to Reg. 30 of the SEBI (LODR) Regulations 2015

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200407-38

1. Scrip code : 533179
Name : Persistent Systems Limited
Subject : Announcement under Regulation 30 (LODR)-Dividend Updates
An update on the payment of 2nd Interim Dividend is as under: 1. On March 24, 2020, the Company instructed HDFC Bank Limited, our Dividend Bank (the ‘Bank’) to process the payment of INR 22,79,67,249 towards 55,221 shareholders whose bank accounts details were registered with the Depository Participant(s). The confirmation of payment completion for the above shareholders is awaited from the Bank due to the understaffing at their end. 3. The Company will also process the payment for the pending Wire Transfer cases and the rejection cases, if any from Point No. 2 above. 4. The Company has already initiated process for preparing the Dividend Warrants artwork for shareholders whose bank account details are not updated with the Depository Participant(s). However, as per directives of the Central and State Government on account of the gravity of COVID-19 pandemic, the entire country is under lock-down for 21 days effective from March 24, 2020 mid-night.

2. Scrip code : 532527
Name : ramkrishna forgings Ltd.
Subject : Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
With respect to Buyback announced by the Company, i.e., Ramkrishna Forgings Limited, vide Public Announcement dated 23.03.2020; please find the enclosed the details of buyback of Equity Shares made today i.e., 07.04.2020:

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200403-39

1. Scrip code : 890145
Name : Indiabulls Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
In furtherance to the Stock Exchange Intimation dated March 20, 2019, to acquire upto 42% of total issued and paid up share capital of Transerv Private Limited (the Target Company) (on a fully diluted basis), we would now like to inform that Indiabulls Consumer Finance Limited, a wholly owned subsidiary of the Company has now acquired 100% of total issued and paid up share capital of the Target Company (on a fully diluted basis) as on April 1, 2020. Pl. refer attachment.

2. Scrip code : 500875
Name : ITC Ltd
Subject : Reply To News Clarification
Reference is made to your e-mail dated 1st April, 2020 with respect to a news item which appeared on ‘www.moneycontrol.com’ captioned ‘ITC looks to add spice maker Sunrise Foods to its menu’. We write to advise that the Company, as part of its business strategy, is always exploring inorganic growth opportunities and enquiries received from the market participants are suitably evaluated. With respect to the captioned news item, we would like to inform that the Company has not entered into any exclusivity agreement for acquisition of Sunrise Foods Private Limited. While on the subject, we draw your attention that if and when there is any material development with respect to the affairs of the Company, the Stock Exchanges are kept advised, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the Company’s Policy for determination of materiality of events and information for disclosure to the Stock Exchanges.

3. Scrip code : 539289
Name : MAJESCO LIMITED
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith a press release dated April 1, 2020 issued by Majesco, USA, (‘Majesco’) the Insurance arm and a subsidiary company of Majesco Limited, titled ‘Majesco Acquires InsPro Technologies: Strengthens and Scales its Position in L&A and Group Segment’. We are also enclosing hereto Form 8-K filed with the United States Securities and Exchange Commission by Majesco on April 1, 2020, in this regard.

4. Scrip code : 526443
Name : Datasoft Application Software (I) L
Subject : Board Meeting
Intimation for Board Meeting To Issue Equity Shares Of Rs.10/-Each In Lieu Of The Equity Shares Of Rs. 10/- Each In Terms Of The Scheme Of Reduction Of Equity Share Capital DATASOFT APPLICATION SOFTWARE (INDIA) LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/04/2020 ,inter alia, to consider and approve Board Meeting To Issue Equity Shares Of Rs.10/-Each In Lieu Of The Equity Shares Of Rs. 10/- Each In Terms Of The Scheme Of Reduction Of Equity Share Capital

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200401-30

1. Scrip code : 540252
Name : VEERAM SECURITIES LIMITED
Subject : Intimation For Record Date For Issue Of Bonus Equity Shares
With reference to the captioned subject and pursuant to SEBI LODR and applicable statutory provisions, this is to inform you that the record date shall be 15.04.2020 to determine the name of shareholders entitled for Bonus equity shares in proportion of 134 (One Hundred Thirty four) bonus equity share for every 100 (hundred) fully paid-up equity share held.

2. Scrip code : 541770
Name : CreditAccess Grameen Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to our disclosure dated March 18, 2020 informing the Exchanges about acquisition of 75.64% of the Share capital of MMFL by the Company, we wish to update you that the Company has now additionally acquired 0.42% of the share capital of MMFL. Consequent to this, the Company has acquired 54,72,670 equity shares of Rs. 10 each constituting 76.06% of the Share Capital of MMFL, a subsidiary of the Company. The aforesaid acquisition is part of 76.34% acquisition approved by the Board of Directors on November 27, 2019 and December 4, 2019.

3. Scrip code : 532539
Name : Minda Industries Ltd.
Subject : Outcome Of The Board Meeting Held On 31.03.2020
We wish to inform that the meeting of the Board of Directors of the Company held today i.e. 31 March, 2020, started from 11.30 a.m. and concluded at 1.00 p.m., wherein the Board has considered and approved the following matters: -. 1) Investment in Toyoda Gosei Minda India Private Limited (”Toyoda Gosei Minda”) and acquisition of equity shares of Toyoda Gosei South India Private Limited (‘TGSIN”) by Toyoda Gosei Minda 2) Raising of Fund upto Rs. 700 Crores through issue of securities