Monthly Archives: June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200605-44

1. Scrip code : 532454
Name : Bharti Airtel Ltd.
Subject : Clarification On The News Item Titled ‘Amazon In Talks To Buy $2 Bn. Stake In Indian Telco Bharti Airtel’
This is with reference to the news item titled ‘Amazon in talks to buy $2 Bn. stake in Indian telco Bharti Airtel’ published in media on June 04, 2020. In this regard, it is clarified the Company routinely works with all digital and OTT players and has deep engagement with them to bring their products, content and services for our wide customer base. Beyond that, there is, at this stage, no such proposal in consideration. We are concerned with such media reports which are published despite appropriate timely clarifications by the respective companies. Such speculative reporting while moving the stock price leads to unwarranted consequences and can result in reputational impact. We urge you to take adequate steps to deal with such practices which of late have become a regular pattern especially in the telecom sector.

2. Scrip code : 954977
Name : Mahindra & Mahindra Ltd.
Subject : Issue Of Non-Convertible Debentures Aggregating Rs. 500 Crores
In furtherance to our letters dated 21st May, 2018 and 29th May, 2018, we would like to inform you that the Loans & Investment Committee at its meeting held today from 1.30 p.m. to 2.05 p.m., has approved issuance and offer of 6.19%, 5,000 nos. of Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures of Rs.10,00,000/- each aggregating Rs.500 crores for cash at par, (‘NCDs’) on Private Placement basis. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated 9th September, 2015 are given in Annexure A to this letter.

3. Scrip code : 500304
Name : NIIT Ltd.,
Subject : Update
The spread of the new coronavirus has caused an unprecedented health and economic crisis across the world. Starting in Q4, governments globally have implemented some form of lockdown, and placed various restrictions for businesses. These restrictions and requirements of social distancing have impacted businesses worldwide. These have impacted NIIT’s businesses across various geographies as well: The company had to suspend operations of education centers in China during the quarter from the third week of January Similarly in India, education center operations were very restricted from early March and were suspended in the last two weeks of the month. The B2B business across US, Europe, and India saw significant deferrals of planned in-person instructor led training events starting early March Demand side impact for some category of customers, such as IT Services and BFSI in India due to massive slowdown in hiring, also affected the results ……..above impact.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200604-33

1.Scrip code : 517380
Name : Igarashi Motors India Ltd.
Subject : Sub: Outcome Of Board Meeting Further to our letter dated May 28,2020,
we write this to inform you that the Board of Directors of the Company at its meeting held on June 04, 2020, has approved the following : a) Approved Annual Audited Financial Results of the Company for the year ended 31st March 2020; b) Recommended final Dividend of Rs. 1.20/- per share on Equity Shares of face value of Rs.10/each for the year ended March 31,2020 subject to the approval of members at the ensuing 28th Annual General Meeting (AGM). The final dividend shall be paid/dispatched within 30 days after AGM; c) Annual General Meeting The 28th Annual General Meeting of the Members of the Company will be held on Thursday, September 17,2020 at 11.00 AM (IST) through Video Conferencing/Other Audio Visual Means. For your information, the Board meeting commenced at 12.00 Noon and concluded at 2.40 P.M. You are requested to take note of the above.

2. Scrip code : 531687
Name : Karuturi Global Limited
Subject : Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)
In view of the COVID-19 pandemic, Government of India imposed a nationwide lockdown in 4 phases for a total of 68 days, i.e. from 25th March, 2020 till 31st May 2020. Pursuant to regulation 40C introduced by IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2020, the period of lockdown has to be excluded from the CIRP process. Therefore, the last date for receipt of EOI from the Prospective Resolution Applicants stands at 8:00 P.M. (India time) on 20th June, 2020.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200603-27

1. Scrip code : 509162
Name : Indag Rubber Ltd.,
Subject : Announcement Under Regulation 30 (LODR) – Resumption Of Partial Operations At Company”s Plant
This is in continuation to our communication dated April 13, 2020, regarding temporary shutdown of operations in Company’s plant located at Nalagarh. We wish to inform you that operations in Company’s Plant have been partially resumed from Tuesday 02nd June, 2020, in accordance with and as per the guidelines / directives issued by Central/State/Local Government Authorities in this regard. Kindly take the same on record.

2.Scrip code : 532832
Name : Indiabulls Real Estate Limited
Subject : Update On Proposal Of The Merger Of Certain Ongoing, Completed And Planned Residential And Commercial Projects Of Embassy Property Developments Private Limited (‘Embassy’) With The Company In continuation to the exchange communications dated January 31, 2020 and March 3, 2020, regarding proposal of the merger of certain ongoing, completed and planned residential and commercial projects of Embassy Property Developments Private Limited (‘Embassy’) with Indiabulls Real Estate Limited (‘IBREL’) (‘Merger’), we wish to inform that lockdown restrictions imposed due to global spread of Corona Virus (COVID-19) had impacted the progress of the Merger process. With the lockdown relaxations from June 3, 2020, best effort endeavors are now being made by Embassy and IBREL to execute transaction documents on or before July 15, 2020 and a scheme of amalgamation, in accordance with Section 230-234 of the Companies Act, 2013 read with the rules framed thereunder, as amended, and the SEBI circular no. CFD/DIL3/CIR/2017/21 dated 10 March 2017, as amended, for the proposed Merger will accordingly be placed before the Board of Directors of the Company for its approval.

3. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : SSWL Receives New Orders For Close To Euro 335K From Europe & US
SSWL has bagged firm exports orders for over 8,000 wheels for EU & US Truck Trailer Market to be executed in June & July from its Chennai Truck Wheels plant. This marks beginning of orders for new semester for this year indicating re-start of operations in EU & US post COVID lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers. This order will support gradual production ramp-up of SSWL Chennai Truck wheels plant post Covid19 shutdown.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200602-41

1. Scrip code : 500119
Name : Dhampur Sugar Mills Ltd.,
Subject : Outcome Of Board Meeting
a. Approved the closure of operations of Ehaat Limited (Wholly Owned Subsidiary of the Company – The same is not Material subsidiary of the Company). b. Approved Annual Standalone Financial Statements for the year ended 31st March, 2020. c. Approved Annual Consolidated Financial Statements for the year ended 31st March, 2020. d. Recommended commission for Financial Year 2019-20 to Non-Executive Independent Directors, subject to approval of shareholders at the forthcoming Annual General Meeting of the Company. e. Recommended Invitation and Acceptance of Fixed Deposits from the Members and Public, subject to approval of shareholders at the forthcoming Annual General Meeting of the Company. f. Approved date of Annual General Meeting of the Company to be held on Tuesday, the 29th September, 2020.

2. Scrip code : 532281
Name : HCL Technologies Ltd
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Subject: Release – ‘Temenos and HCL Technologies sign exclusive agreement to market Temenos’ Multiexperience Development Platform to non-financial services enterprises’ Dear Sir/ Madam, Enclosed please find a release on the captioned subject being issued by the Company today. This is for your information and records.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200601-35

1. Scrip code : 500463
Name : AGC Networks Limited
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Dear Sir/Madam, Please find attached herewith the Press Release issued with respect to the acquisition by Black Box Holdings Limited, Indirect Wholly-Owned Subsidiary of the Company of Fujisoft Technology LLC (Dubai), Fujisoft Security Solutions LLC(Dubai) and Fuji Soft Technology LLC(Abu Dhabi). This is for your information, record and necessary action. Thanking You.

2. Scrip code : 532215
Name : AXIS Bank Ltd.
Subject : CLARIFICATION ON NEWS ITEM APPEARING IN BUSINESS STANDARD, DATED 30TH MAY 2020
This has reference to news item appearing in Business Standard, dated 30th May 2020, titled ‘Private equity player Bain Capital in talks to up stake in Axis Bank’. We would like to clarify that the news item is speculative and the Bank has not taken any such decision in this regard. As such no disclosure is required to be made under Reg. 30 of the Listing Regulations and the Bank shall keep the Exchange duly informed as and when any decision is taken by it in this matter. We trust this clarifies the matter.

3. Scrip code : 532482
Name : Granules India Ltd.
Subject : Updates on Buy back offer Granules India Limited
Buyback of fully paid-up equity shares of face value Rs 1 each (‘Equity Shares’) through the ‘Tender Offer’ route, at a price of Rs 200 (Rupees Two Hundred only) per Equity Share (the ‘Buyback Price’) for an aggregate amount of up to Rs 250,00,00,000 (Rupees Two Hundred and Fifty Crore only) (‘Buyback’)

4. Scrip code : 500620
Name : Great Eastern Shipping Co. Ltd.,
Subject : Updates For That The Board Has Approved A Proposal To Incorporate A Wholly Owned Subsidiary (WOS)
The Board has approved a proposal to incorporate a wholly owned subsidiary (WOS) in India with main objects of providing shipping services such as ship management, chartering etc. The initial paid up equity share capital of the WOS shall be Rs. 10 lac to be subscribed by the Company for cash. The name of the WOS shall be ‘Great Eastern Services Ltd.’ or such name as may be approved by the Registrar of Companies. We hereby clarify that the promoter / promoter group members are not interested in the proposed WOS.

5. Scrip code : 538835
Name : INTELLECT DESIGN ARENA LIMITED
Subject : Grant Of 45,000 RSU”s To 5 Associates.
Pursuant to the approval accorded by the members of Nomination and Remuneration & Compensation Committee of the Company at its meeting held on 29th May, 2020, 45,000 RSU’s have been granted to Five (5) Associates

6. Scrip code : 541233
Name : Lemon Tree Hotels Limited
Subject : Outcome Of The Board Meeting
We wish to inform you that the Board of Directors of Lemon Tree Hotels Limited (the “Company”) at its meeting held on 29th May, 2020 has, inter-alia: 1. Given in-principle approval to raise funds upto Rs. 150 Crore, either through Right Issue, Preferential Allotment or Qualified Institutional Placement. The management will evaluate the proposal to raise funds and present the same before the Board of Directors to consider and approve the timings, quantum and mode of raising the funds. Further disclosures pertaining to the transaction shall be submitted on finalization of the transaction. 2. Considered approval for the issuance of Compulsorily Convertible Preference Shares by Fleur Hotels Private Limited (‘FHPL’) which is a material subsidiary of the Company, to APG Strategic Real Estate Pool N.V (‘APG’), which is an existing shareholder of FHPL for an amount upto Rs. 300 Crore in multiple tranches, subject to execution of necessary documentation.