Daily Bulletin (29th November, 2021)

Daily Bulletin (29th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211129-51

 

Scrip code : 542285

Name : Axita Cotton Limited

Subject : Board recommends Bonus issue

Axita Cotton Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2021, inter alia, has recommended the issuance of bonus equity shares in the ratio of 1:2 [i.e. 1 (One) bonus equity share of Rs. 10/- each for every 2 (Two) fully paid-up equity share held as on record date] subject to the approval of shareholder’s approval.

 

Scrip code : 530427

Name : Choksi Imaging Ltd.

Subject : Updates on Open Ofer

Fedex Securities Pvt. Ltd (“Manager to the Offer”) has submitted to BSE a copy of Advertisement in accordance with regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”) and third corrigendum to the detailed Public Statement to the Open Offer for the attention of the Public Shareholders of Choksi Imaging Ltd (“Target Company”).

 

Scrip code : 540717

Name : Polo Queen Industrial and Fintech Limited

Subject : Corporate Action-Intimation of Sub division / Stock Split

Please find enclosed the Notice of Extra Ordinary General Meeting of the scheduled to be held on Monday 20th December 2021 at 3.00 p.m. through Video Conferencing (“VC)/ Other Audio Visual Means (“OAVM”) in accordance with the relevant circulars issued by the Ministry of corporate Affairs and the securities and Exchange Board of India in view of the prevailing COVID-19 pandemic: The cut-off date for the purpose of remote e-voting and voting at the meeting is Monday, December 13, 2021 for the purpose of Extra Ordinary General Meeting of the Company. The Notice convening the EOGM will be dispatched to the shareholders in due course. This disclosure is made in terms of Regulation 30 of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirement) Regulations 2015.

 

Scrip code : 506852

Name : Punjab Alkalies & Chemicals Ltd.,

Subject : Board to consider Sub-division of Equity shares

Punjab Alkalies & Chemicals Ltd has informed BSE that the meeting of Board of Directors of the Company will be held on December 02, 2021 to consider and approve the sub-division of face value of Equity shares of the Company and matters related thereto. Further, the trading window will remain closed from November 27, 2021 to December 04, 2021 (both days inclusive).

 

Scrip code : 543321

Name : Tatva Chintan Pharma Chem Limited

Subject : Voluntary Disclosure – Purchase Of Land.

With reference to the above subject, we would like to inform you that as a part of future need, the Company has acquired an industrial land admeasuring 50,399.16 Sq. mtr at Dahej-III GIDC Estate, Bharuch, Gujarat, India. The above land has been acquired from internal accruals only & it will be used on need basis in future. The above disclosure is being made voluntarily for the record of Stock Exchanges. Kindly take the above disclosure on your records.

 

 

Daily Bulletin (24th November, 2021)

Daily Bulletin (24th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211124-48

 

Scrip code : 541865

Name : Add-Shop E-Retail Limited

Subject : Business Update ( Announcement Under Regulation 30 LODR)

Add-shop E-Retail Ltd is pleased to announce to our Esteemed Stake holders that the as the board of company has meet on 18-11-2021 and The Company has decided a bonus equity shares to our shareholders into ration of 7:10 and company has already started a procedure for taking a permission of our shareholders for that. Managing Director Mr. Dinesh B Pandya the managing director of the company very much please to inform to our shareholders that as per the company’s policy we are sharing our prosperity time to time with the company shareholders and by this policy we have announced second bonus. As we have declared tremendous results in half year quarter with outstanding performance. – Our Revenue up with 253.20 % – Our PBT up with 335.82 % – Our PAT had jump with 371.39 % – Our ann. Eps was at 14.40 The company always trying to create new landmarks in business.

 

Scrip code : 526241

Name : Amrapali Industries Ltd

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Notice of the National Company Law Tribunal (‘NCLT’) Convened Meetings of Amrapali Industries Limited held on Monday, December 27, 2021 at 3:00 p.m. IST, by way of video-conferencing/ other audio-visual means, as directed by Hon’ble NCLT, Ahmedabad Bench, vide its order dated September 13, 2021 read with order dated November 16, 2021, for the purpose of considering and if thought fit, approving the Scheme of Arrangement in the nature of Demerger between Amrapali Industries Limited (AIL) (“Demerged Company”) and Amrapali Asset Reconstruction Company Private Limited (AARCPL) (“Resulting Company”).

 

Scrip code : 540694

Name : ANG Lifesciences India Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements), 2015, we would like to inform you that the Company’s Board of Directors in their meeting held on 23-Nov-2021, has decided to invest in the equity shares of ANG Healthcare India Private Limited. Therefore consequent to the acquisition of 100% Equity stake by the company, ANG Healthcare India Private Limited will become Wholly-Owned Subsidiary Company of ANG Lifesciences India Limited. ANG Healthcare India Private Limited is a marketing company selling critical care products to Hospitals and Nursing Homes in therapeutic segments of anti-biotic, anti-infective, anti-malarial, pain management etc. The company has got presence all over India through a network of Super Stockists and 150 Stockists along with a strong sales force of about 60 personnel and expanding at a fast pace.

Scrip code : 500171

Name : GHCL Ltd.

Subject : Intimation For Adjournment Of The Hearing W.R.T. Scheme Of Arrangement In The Nature Of Demerger Of The Textiles Business Of GHCL Limited To GHCL Textiles Limited

In continuation to our earlier communication dated September 9, 2021, with respect to above captioned subject, we would like to inform that today’s hearing (i.e. November 23, 2021) of the petition, listed before Hon’ble NCLT, Ahmedabad Bench is adjourned to January 18, 2022 (i.e. Tuesday).

 

Scrip code : 541019

Name : H.G. Infra Engineering Limited

Subject : Incorporation Of A Wholly Owned Subsidiary Company As Special Purpose Vehicle

In continuation of our announcement dated October 26, 2021 and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that H.G. Infra Engineering Limited (the ‘Company’ or ‘HGINFRA’) has received the certificate of incorporation from the registrar of companies (RoC) dated November 24, 2021 with respect to incorporation of wholly owned subsidiary company namely “H.G. Raipur Visakhapatnam OD-5 Private Limited ” as Special Purpose Vehicle (‘SPV’).

 

Scrip code : 526381

Name : Patel Integrated Logistics Ltd

Subject : Update On Company”s Rights Issue Of Upto INR 4000 Lakhs

Based on preliminary information received, we wish to inform you that the Rights Issue has been subscribed by approx. 2.06 times, overbid by both public and promoter/ promoter group. The proceeds of the Issue will be used to make the Company net external debt free and make the Balance Sheet of the Company stronger for future growth.

 

Scrip code : 533179

Name : Persistent Systems Limited

Subject : Intimation Of Continuation Of Proposed Secondary Market Purchase Of Persistent Shares By ESOP Trust In A Scheduled Manner

In continuation to the requirements of secondary purchase, it has been decided to additionally acquire 300,000 Company Shares from Secondary Market through ESOP Trust in the following manner: a. Purchase of shares up to 75,000 (Seventy Five Thousand only) shares per week in multiple tranches over the next 2 months, except Trading Window closure periods b. Necessary disclosures will be made by the Trust after every trade as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company Code of Conduct for this purpose. c. Above Purchase Plan will continue till additional 300,000 shares are purchased after adhering to the restrictions on the ESOP Trust as per the SEBI (Share Based Employee Benefits) Regulations, 2014. The above plan of purchase will be executed from Thursday, November 25, 2021. This is for your information and record.

 

Scrip code : 542753

Name : SEACOAST SHIPPING SERVICES LIMITED

Subject : Board Recommends Sub-Division Of Equity Share

The Company has informed BSE that the Board of Directors of the Company at its meeting held on November 24, 2021, inter alia, has recommended Sub-Division of 1 (one) Equity Share of face value of Rs. 10/- (ten) each fully paid up into 1 (one) Equity Shares of Rs. 1/- (one) each fully paid up, resulting in issuance 10 (ten) Equity Shares of Rs. 1/- (one) each fully paid up, thereby keeping the paid up capital intact, subject to the approval of the Members in the ensuing Extra Ordinary General Meeting.

 

 

Daily Bulletin (23rd November, 2021)

Daily Bulletin (23rd November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211123-44

 

Scrip code : 542580

Name : Aartech Solonics Limited

Subject : Board Meeting Outcome for Allotment Of Bonus Shares To The Existing Shareholders Of The Company

The Board of Directors of the company in its meeting held on November 23, 2021 have allotted 3530031 equity shares of Rs. 10/- each as fully paid Bonus Shares to the existing shareholders of the Company as on record date November 19, 2021 in the ratio of 1:2 [i.e., 1 (One) fully paid-up equity shares for every 2 (Two) equity shares held].

 

Scrip code : 959615

Name : AAVAS Financiers Limited

Subject : Announcement under Regulation 30 (LODR)-Raising of Funds

Pursuant to the provisions of Regulation 30 of the SEBI LODR Regulations, we wish to inform you that the Executive Committee of the Board of Directors of the Company at their Meeting held today i.e. November 20, 2021 has pursuant to the authority entrusted by the Board of Directors and within the limits as approved by the Members of the Company vide Special Resolution passed at the 11th Annual General Meeting held on August 10, 2021 inter-alia approved the issuance of rated, listed, senior, secured, redeemable, Non-Convertible Debentures (‘NCDs’) having a face value of INR 10,00,000 (Indian Rupees Ten lakh) each, aggregating up to an amount of INR 99 crore (Indian Rupees Ninety nine crore) on a Private Placement basis, in accordance with the provisions of Section 42 and 71 of the Companies Act, 2013, Securities and Exchange Board of India (Issue and Listing of Non- Convertible Securities) Regulations, 2021 and other applicable SEBI Regulations.

 

Scrip code : 540936

Name : Gautam Gems Limited

Subject : Intimation Regarding Receipt Of Order Of Rs.50 Million
Dear Sir/ Madam, Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, We are glad to inform you that the company has received order from US and UK based Companies for manufacturing of polished diamonds amounted to Rs. 50 million. This is for your information and record and for dissemination on your website. Thanking You

 

Scrip code : 500183

Name : HFCL LIMITED

Subject : Complete Release Of Pledge Over Shareholding Of Promoters Of HFCL Limited (“HFCL”)

We are pleased to inform all our stakeholders that an aggregate of 6,03,87,187 equity shares, being 100% of the total pledged shares out of the Promoters” shareholding in the paid up equity shares capital of HFCL, have been released, which were pledged in favour of various lenders, as a collateral security for the credit facilities availed by HFCL. No equity share held by any of the Promoters in HFCL is pledged as on date of this announcement. In this context, relevant disclosures in the prescribed formats have already been made to the Stock Exchanges, today itself, by the Promoters, in terms of the provisions of Regulation 29(2) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A gist of the present shareholding of the Promoters and Pledge thereon, if any, as on the date of reporting, is mentioned in the attached letter for the information of the stakeholders.

 

Scrip code : 542830

Name : Indian Railway Catering & Tourism Corporation Ltd

Subject : Mobile Catering Contracts Kept In Abeyance By IRCTC

In compliance with the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is herby informed that Ministry of Railways vide its letter No. 2019/Catering/600/04 dated 19th November 2021, has withdrawn its decision to terminate all existing contracts of mobile catering (currently kept in abeyance) involving scope of work of providing cooked food to passengers prepared from base kitchens as per the existing terms and conditions, communicated vide Ministry’s letter No. 2019/Catering/600/04 dated 23rd February 2021 and informed to the exchanges vide IRCTC’s letter No. 2019/IRCTC/CS/ST.EX/356 dated 1st March 2021 and 17th March 2021. Copy of the Ministry of Railways’ letter is enclosed. This is for your information and records.

 

Scrip code : 530711

Name : Jagan Lamps Ltd.

Subject : Intimation Regarding Capacity Expansion By The Company

India has emerged as a Global hub for Auto Components sourcing and the Industry Exports around 25% of its production annually. At JAGAN LAMPS, we are continuously focusing on meeting customer demands by providing them with new models and new variants. We continue to focus on our core strength of innovation and expansion to offer value added, high quality products to our customers across the globe. Jagan Lamps Limited (‘The Company’) is currently exporting around 30% of its production annually to around 40 Countries globally and has strong order book for the next 2-3 years. The Company is at the fag end of the capex cycle. It is running at ~ 85-90% capacity utilization. Hence as per favorable overall market conditions, The Company has planned for capacity expansion by the end of Financial Year 2021-22. The company is expected to operate at ~65-70% capacity utilization, which will give the Company bandwidth to grow business for another 2-3 years at minimal capex.

 

 

Daily Bulletin (22nd November, 2021)

Daily Bulletin (22nd November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211122-61

 

Scrip code : 500042

Name : BASF India Ltd

Subject : BASF SE, Germany To Sell Its Kaolin Minerals Business To Kamin LLC, United States

BASF SE, Germany to sell its Kaolin Minerals business to KaMin LLC, United States.

 

Scrip code : 532523

Name : Biocon Ltd.

Subject : Corrigendum To Our Press Release Titled ‘Biocon Biologics And Viatris Announce Insulin Glargine (Insulin Glargine-Yfgn) Injection Will Be Offered Through The Walgreens Prescription Savings Club.’

With reference to our recent intimation titled ‘Biocon Biologics and Viatris Announce Insulin Glargine (insulin glargine-yfgn) Injection Will Be Offered Through the Walgreens Prescription Savings Club’, we hereby request you to read the word ‘Press Release’ as ‘Company Statement’.

 

Scrip code : 539235

Name : Grandeur Products Limited

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Pursuant to Regulation 30 of the SEBI Listing Regulations, please be informed that the company has received the certified copy of the order passed by the Hon’ble National Company Law Tribunal, Hyderabad Bench (‘NCLT’) together with the certified copy of the Scheme of Amalgamation, on November 18, 2021. The Certified copy of the Hon’ble NCLT Order and the Scheme of Amalgamation is enclosed for your records. The Scheme of Amalgamation will become effective upon the filing of the orders passed by Hon’ble NCLT with the respective jurisdictional Registrar of Companies. This is for your information and records. The same is being uploaded on the website of the company at www.grandeurproducts.com

 

Scrip code : 517354

Name : Havells India Limited

Subject : Announcement Under Regulation 30 – Commencement Of Production

In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with corresponding circulars and notifications issued thereunder, it is hereby informed that the Company viz. Havells India Limited, has started commercial production of washing machines at its Ghiloth plant from 19th November 2021.

 

Scrip code : 500440

Name : Hindalco Industries Ltd.

Subject : Acquisition Of Company -Ryker Base Private Limited By Renuka Investments And Finance Limited (Wholly Owned Subsidiary Of Hindalco Industries Limited ‘The Company’)

In continuation to our letter dated 3rd November, 2021 we hereby inform you that Renuka Investments and Finance Limited(wholly owned subsidiary of the Company)has completed the acquisition of 5,20,20,000 equity shares of Rs. 10 each of Ryker Base Private Limited for a consideration of Rs. 1,675.4 million subject to adjustment of final purchase price in accordance with the SPA. Consequent to the said acquisition, Ryker Base Private Limited has become a wholly owned subsidiary of Renuka Investments and Finance Limited.

 

Scrip code : 540565

Name : India Grid Trust

Subject : Bidding Outcome For Transmission Project Under TBCB

In terms of Regulation 23 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 and other applicable laws and regulations, this is to inform that the consortium of IndiGrid 1 Limited and IndiGrid 2 Limited (wholly owned subsidiaries of India Grid Trust) participated in the tariff based competitive bidding to establish ‘Transmission system for evacuation of power from Renewable (RE) Projects in Osmanabad area (1 GW) in Maharashtra’ on build, own, operate and maintain (BOOM) basis by REC Power Development and Consultancy Limited. Estimated cost for the same is around INR 170 Cr. Our bid of 16.74 Cr levelized tariff has been noted as L1 during the reverse auction conducted on 18th November 2021. We await receipt of Letter of Intent and will release necessary intimation in due course. You are requested to take the same on your record.

 

Scrip code : 532605

Name : JBM Auto Limited

Subject : Corporate Action-Intimation of Sub division / Stock Split

This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 08th day of December, 2021 to consider and approve the proposal of sub-division of Company”s equity shares having face value of Rs. 5/- each and matters related thereto, in such manner as may be determined by the Board of Directors, subject to such regulatory/ statutory approval as may be required, including the approval of shareholders of the Company.

 

Scrip code : 533169

Name : MAN INFRACONSTRUCTION LIMITED

Subject : Announcement under Regulation 30 (LODR)-Allotment

We wish to inform you that today, the Bonus Committee of Board of Directors of the Company, has allotted 12,37,50,135 fully paid-up Bonus Equity Shares of Rs. 2/- each in the ratio of 1 (One) new fully paid- up Bonus Equity Share of Rs. 2/- each for every 2 (Two) existing fully paid-up Equity Shares of Rs. 2/- each held by the eligible Members; whose name appeared in the Register of Members/ List of Beneficial Owners as on November 19, 2021, being the Record Date fixed for this purpose.

 

Scrip code : 530557

Name : NCL Research And Financial Services

Subject : Corporate Action-Intimation of Sub division / Stock Split

Pursuant to Section 91 of the Companies Act, 2013 and in compliance with Regulation 42 of SEBI LODR Regulations, 2015, members are hereby informed that the Company has fixed Record date of 29th November 2021 for sub-division in face value of Equity Shares of ? 1/- to ? 10/- each under Regulation 42 of SEBI LODR Regulations, 2015. The details of the same are attached herewith.

 

Scrip code : 532805

Name : Redington (India) ltd. S

ubject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

This has reference to the intimation dated May 5, 2021 and September 13, 2021 about the communication received from step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. (‘Arena’), Turkey about acquisition of 100% shares of Brightstar Telekomünikasyon Dagitim Ltd. Sti. (Brightstar). We wish to inform you that the Company has received communication from its step-down subsidiary, Arena, that it had concluded final consideration at USD 29 Million and also, they are expecting that the transaction will be completed latest by November 30, 2021. We are enclosing the Annexure describing more details on the acquisition of shares.

Daily Bulletin (18th November, 2021)

Daily Bulletin (18th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211118-64

 

Scrip code : 541865

Name : Add-Shop E-Retail Limited

Subject : Corporate Action-Board recommends Bonus Issue

The Board of Directors of the Company at their meeting held today i.e. Thursday, November 18, 2021. Has inter alia, considered and approved the following business, Subject to approval of shareholders of the company; 1. The Board of directors considered and approved the matter of Increase in Authorized share capital of the company from INR 11,50,00,000/- (Indian Rupees Eleven Crores Fifty Lacs Only) to INR 22,50,00,000/- (Indian Rupees Twenty Two Crores Fifty Lacs Only), and alteration of clause V of memorandum of association of company; 2. The Board of Directors considered and approved the issue of Bonus shares in the ratio of 7:10 [i.e. 7 (Seven) fully paid up equity shares for every 10 (Ten) equity shares held by the equity shareholders]; Considered and approved all other businesses item as per agenda circulated. The Meeting of the Board of Directors of the Company commenced at 05:00 PM and concluded at 05:45 PM. Please take note of the same on your record,

 

Scrip code : 532321

Name : Cadila Healthcare Ltd.

Subject : Zydus Cadila gets 180-day exclusivity for Nelarabine injection, announces final approval from USFDA

Cadila Healthcare Ltd has informed BSE regarding a Press Release dated November 18, 2021 titled “Zydus Cadila gets 180-day exclusivity for Nelarabine injection, announces final approval from USFDA”.

 

Scrip code : 519600

Name : CCL Products (India) Ltd.

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Pursuant to Regulation 30 of the SEBI Listing Regulations, we are pleased to inform that the Company has received the certified copy of the order passed by the Hon”ble National Company Law Tribunal, Amaravati Bench, today i.e., November 18, 2021. The certified copy of the order is enclosed for your records. The Scheme of Amalgamation will become effective upon filing of the orders passed by the Hon”ble National Company Law Tribunal, Amaravati Bench, with the respective jurisdictional Registrar of Companies. This is for your information and necessary records.

 

Scrip code : 543272

Name : Easy Trip Planners Limited

Subject : Board Meeting Outcome for The Acquisition Of Spree Hotels & Real Estate Private Limited (‘Target Company”) By Acquiring 100% Share Capital Of The Target Company

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors at their meeting held today i.e., 18th November, 2021, has inter-alia, considered and approved the acquisition of Spree Hotels & Real Estate Private Limited (‘Target Company”) by acquiring 100% share capital of the Target Company. Brief Profile of the Company is enclosed herewith as Annexure. The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 will be intimated in due course of time.

 

Scrip code : 500495

Name : Escorts Limited,

Subject : Announcement under Regulation 30 (LODR)-Preferential Issue

1.Preferential Issue of equity shares to Kubota Corporation, Japan Subject to receipt of requisite statutory and regulatory approvals including approval of the shareholders of the Company, the Board has approved the raising of equity capital aggregating to INR 18,72,74,52,000 through preferential issue of 9,363,726 equity shares (‘Proposed Issue’) of face value INR 10 at INR 2,000 per share (including a premium of INR 1,990 for each equity share), to Kubota Corporation, Japan, a company incorporated under the laws of Japan (‘Investor’), subject to compliance with applicable pricing regulations and in accordance with the provisions of Chapter V of the SEBI ICDR Regulations and applicable provisions of the Companies Act, 2013.

 

Scrip code : 513723

Name : HG INDUSTRIES LIMITED

Subject : Announcement under Regulation 30 (LODR)-Open Offer – Updates

We are in receipt of letter dated November 18, 2021 from DAM Capital Advisors Limited (Formerly IDFC Securities Limited) regarding publication of post open offer advertisement towards the Open Offer by the Acquirer for acquisition of up to 11,62,602 fully paid-up equity shares of the Company having face value of INR 5 each, representing 25.09% of the Voting Share Capital of Company at a price of INR 41 per equity share from public shareholders of the Company (“Open Offer”). We are enclosing herewith letter of DAM Capital Advisors Limited (Formerly IDFC Securities Limited) along with published copies of post open offer advertisement, the contents of which are self-explanatory. We request you to take the sane on record.

 

Scrip code : 543287

Name : Macrotech Developers Limited

Subject : Allotment Of Securities Under QIP

Please note that the Committee for Fund Raise of the board of directors of the Company (‘Committee’) has, at its meeting held today i.e. November 18, 2021 approved the allotment of 3,41,88,034 Equity Shares of face value Rs.10 each to eligible qualified institutional buyers at the issue price of Rs 1,170 per Equity Share (including a premium of Rs. 1,160 per Equity Share) against the floor price of Rs. 1,184.70 per Equity Share, aggregating to Rs 4,000 crore (Rupees Four thousand crore only), pursuant to the Issue.

 

Scrip code : 531726

Name : Panchsheel Organic Ltd.

Subject : Revised Record Date For Issue Of Bonus Shares

Further to our letters dated October 16, 2021 and November 17, 2021 and as per discussion with BSE on the captioned subject, this is to inform that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has revised the Record Date from December 3, 2021 to December 7, 2021 for the purpose of ascertaining the eligibility of the shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1:1 i.e. 1 (One) Equity Share of Rs. 10/- each for every 1 (One) Equity Share of Rs. 10/- each, subject to approval of the Members on the issuance of Bonus Shares which will be sought at the ensuing Extra-ordinary General Meeting of the Members of the Company to be held on November 29, 2021.

 

Scrip code : 507514

Name : Som Distilleries & Breweries Ltd.

Subject : Announcement under Regulation 30 (LODR)-Raising of Funds

Dear Sir/Madam, The Board of Directors has considered and approved filing of Draft Letter of Offer with Stock Exchanges for raising of funds through issuance and allotment upto 49,99,058 fully paid-up equity shares of ?5 each (‘Equity Shares’) to the eligible equity shareholders of the Company on a Rights basis in proportion of 1:13, on such terms and at such price as may be decided by the Board at a later date, as on the record date (to be notified subsequently), subject to receipt of in-principle approval from the Stock Exchanges, in accordance with the applicable laws including the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and rules made thereunder, as amended from time to time (‘Rights Issue’). The same is also available on the Company”s website i.e. www.somindia.com. This is for your information and records.

 

Scrip code : 513713

Name : White Organic Agro Limited

Subject : Received Astounding Contract For Supply Of 2500 Tons Food Grains

The management is pleased to announce the receipt of direct letter of intent for supply of various food grains (viz : pulses and grains) upto 2500 Tons totalling to approx 420 Million INR to be supplied in the domestic market. This would be co’s stepping stone in the bulk supply domestic market of pulses and would help widen the horizon into the vast scalable business of food grains within India. Details as elaborated on the attached announcement.

 

 

Daily Bulletin (17th November, 2021)

Daily Bulletin (17th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211117-67b

 

Scrip code : 540902

Name : Amber Enterprises India Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

We would like to inform you that as per the notification of Ministry of Electronics and Information Technology (‘MEITY’) guidelines for constitution of special purpose vehicle (‘SPV’) for implementation of Electronic Manufacturing cluster (‘EMC’), the companies/EMC units which buys land/having lease lands in Sri City EMC must hold 51% of the share capital of SPV together with no single company/ EMC unit holding more than 25% shares of SPV the Company, in context of the same, our Company has invested Rs. 60,64,680/- (Rupees Sixty Lakh Sixty-Four Thousand Six Hundred Eighty Only) in Sricity Electronics Manufacturing Cluster Private Limited (‘Sricity’) and has been allotted 6,06,468 equity shares at a face value of Rs. 10 per share comprises of 10.94% Share Capital of Sricity. The disclosures pertaining to this, pursuant to provisions of Para A of Part A of Schedule III of SEBI Listing Regulations, as amended, is annexed herewith as ‘Annexure A’. Kindly take note of the same.

 

Scrip code : 541152

Name : GOYAL ALUMINIUMS LIMITED

Subject : Announcement under Regulation 30 (LODR)-Acquisition

With reference to captioned subject, this is to inform you that the Company is proposing to invest and acquire 50,000 equity shares ie. 33.33% of Wroley E India Private Limited, a Company incorporated under the provisions of the Companies Act, 2013 on 11 November, 2021.

 

Scrip code : 890147

Name : Reliance Industries Ltd

Subject : News Clarification – “Reliance Retail Acquires ”Amante” From MAS Holdings”

We clarify as under: 1. Reliance Retail Ventures Limited (RRVL), a subsidiary of the Company has, in its journey to offer superior design led products and compelling value proposition for customers, acquired 100% shareholding of the retail lingerie businesses under the ‘amanté’ umbrella brand from MAS Brands, a wholly owned subsidiary of MAS Holdings, Sri Lanka. The transaction was completed on November 11, 2021. 2. The RRVL is an unlisted subsidiary of the Company. 3. As per the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), the aforesaid transaction does not warrant a disclosure under LODR. 4. We have made and will continue to make disclosures in compliance with our obligations under LODR and our agreements with the stock exchanges.

 

Indian Energy Exchange Ltd
Other Financial Services
FV – Rs 1; 52wks H/L – 956.15/199.05; TTQ – 76 K; CMP – Rs 820 (As On November 17, 2021);                      

            Market Cap – Rs 24517 Crs

Consolidated Financials and Valuations for FY21 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
 Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
29.85 556 _ 356 205 19 6.9 118 43.2 _

Consolidated Financials and Valuations for H1 FY22 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
 Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
29.86 652 _ 225 139 22 4.7 174 37 _

 

The Company has allotted bonus shares in the ratio of two equity shares for every one existing share held and the record date is fixed as December 6,2021 for the issue.

Particulars Pre-Issue Post-Issue
Equity Cap      (Rs. Crs) 29.96 89.87

Post Bonus the Book Value will be Rs.7.25 per share.

There was a stock split from face value Rs.10 to Rs.1 on 19 October, 2018.

 

Key Updates :

  • The company achieved record breaking trading volumes of 74 BU in FY22.
  • Andhra Pradesh Central Power Distribution Corporation saved more than Rs. 2300 Crs. in the last two years by procuring power through the Exchange Markets.
  • The company also entered into renewables trading with the launch of Green Term Ahead Market (GTAM) on August 21, 2020.
  • On 17th October 2021, IEX received CERC approval to commence the Green Day Ahead Contract as a part of the Integrated Day-Ahead Market. Under the Integrated Day-ahead market, the Exchange will allow the market participants to submit bids together for both conventional and renewable energy through the separate bidding windows.
  • The Indian Gas Exchange has been seeing an uptick in volumes as well as participation. During the quarter, IGX traded almost 10lakh MMBTU of gas volumes. Cumulatively, IGX has traded more than 15lakh MMBTU since inception. ( Inception was on June 2020)

 

Overview:

  • IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.
  • The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.
  • The Exchange is ISO Certified for quality management, Information security management and environment management since August 2016.
  • The Indian Energy Exchange is leading India’s energy transformation by architecting a markets-based energy order, leveraging technology and innovation towards building a sustainable energy sector which is anchored in efficiency, competitiveness, flexibility and customer choice.
  • The efforts have resulted in exchanges now accounting for 6% of India’s total electricity basket.

 

Management :

Mr. Satyanaran Goel – CMD

Mr. Vineet Harlalka – CFO

 

Share Price Trend :

Financials :

Daily Bulletin (15th November, 2021)

Daily Bulletin (15th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211115-60

 

Scrip code : 532870

Name : Ankit Metal & Power Limited

Subject : Announcement Under Regulation 30 Of Sebi (LODR) Regulation, 2015_Capacity Expansion Of Pellet Plant.

The Board of Directors in their meeting held today i.e. on 13th November, 2021, approved further capacity expansion of its Pellet Plant from 6,00,000 MT per annum to 12,00,000 MT per annum. This disclosure is given as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions. The information as required under Regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is enclosed herewith as an Annexure.

 

Scrip code : 540975

Name : Aster DM Healthcare Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

This is to inform you that Dr. Ramesh Cardiac and Multispeciality Hospital Private Limited (‘DRCMH’), a subsidiary of the Company, has entered into Share Purchase Agreements on 12th November 2021 with the Key Promoters and Minority Shareholders (‘Sellers’) of Sanghamitra Hospitals Private Limited (‘SHPL’), a step-down subsidiary company, for acquiring additional equity shares representing 49.00% (forty nine per cent) of the paid up share capital of SHPL. The above acquisition of shares shall be carried out in six instalments and is expected to be completed on or before 31st March, 2024. Post completion of acquisition, SHPL will become wholly owned subsidiary company of DRCMH. Prior to this acquisition, DRCMH was holding 51% shareholding in SHPL. The details required as per circular number CIR/CFD/CMD/4/2015 dated September 09, 2015 pertaining to continuous disclosure requirements for listed entities under Regulation 30 of SEBI(LODR) Regulations, 2015, has been enclosed as Annexure I.

 

Scrip code : 540061

Name : Bigbloc Construction Limited

Subject : Corporate Action-Updates on intimation of Sub division / Stock Split

Dear Sir, This is in continuation to our communication dated 6th October, 2021 with respect to sub-division of 1 (One) Equity Share of the Company having a face value of Rs. 10/- each sub-divided into 5 (Five) Equity Shares having a face value of Rs. 2/- each with effect from 16th November, 2021 i.e., the record date. Please be informed that the Sub-Division of Equity Shares will take effect under the new ISlN- INE412U01025. Please find enclosed herewith ISIN activation letter received from National Securities Depository Limited and Central Depository Services (India) Limited. Kindly take the same on your record.

 

Scrip code : 507552

Name : Foods & Inns Ltd.

Subject : Approval Received From National Stock Exchange Of India Limited For Listing Of Equity Shares Of The Company

With reference to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would like to inform you that the Company has obtained approval from National Stock Exchange of India Limited (hereinafter referred to as ‘NSE’ ) for the purpose of listing of Company’s Equity Shares having face value of Re. 1/- only on NSE’s Trading platform. The Company has been allotted symbol – ‘FOODSIN’ for this purpose and shares of the Company shall be listed and admitted to dealings on NSE with effect from November 16, 2021. A copy of approval letter received from NSE has been attached herewith for your kind perusal. Request you to kindly take the above on record and oblige.

 

Scrip code : 526729

Name : Goldiam International Ltd.

Subject : Updates Regarding The Buyback Of Upto 3,80,000 Fully Paid-Up Equity Shares Of The Company Of Face Value Of Rs.10/- Each At A Price Of Rs.1,200/- Per Equity Share (“Buyback”)

Further to our letter dated November 12, 2021, we are enclosing herewith copy of the Letter of Offer and Tender Form in relation to the Buyback. The Letter of Offer, Tender Form and the Share Transfer Deed (Form SH-4) are also be available on the website of the Company at www.qoldiam.com. This is for your information and records.

 

Scrip code : 542726

Name : IndiaMART InterMESH Limited

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

This is in continuation to our earlier intimation dated Oct 29, 2021 pursuant to Reg 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, wherein we had informed that the acquisition of 7.70% (on fully diluted basis) of share capital of Mynd Solutions Private Limited would be completed in 10 days from Oct 29, 2021. In this regard, we wish to inform you that, due to certain unforeseen delay in processing the transaction on account of involvement of multiple parties, the aforesaid acquisition is expected to be completed by December 15, 2021. Kindly take the above information on records.

 

Scrip code : 524648

Name : Indo Amines Ltd.

Subject : Corporate Action-Outcome of Sub division / Stock Split

The Board of Directors at its Meeting held on 12th November, 2021 has inter alia: 1. Recommended the proposal for sub-division of Company”s one (1) equity share of face value of Rs. 10/- each into Two (2) equity shares of face value of Rs. 5/- (Rupees Five) each, subject to the approval of shareholders and other approvals as may be required; 3. Recommended alteration of Capital Clause (Clause V) in the Memorandum of Association of the Company, subject to the approval of shareholders. The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9″ September, 2015 (‘SEBI Circular’) have been enclosed herewith as ‘Annexure-II’ for sub-division and alteration of capital cause of Memorandum of Association.

 

Scrip code : 542323

Name : K.P.I. Global Infrastructure Limited

Subject : Intimation Of Receiving An Order Of 2.60 Mwdc Solar Power Plant Under Captive Power Producer (‘CPP’) Segment

KPI Global Infrastructure Limited has informed BSE that it has bagged an new order for executing solar power project of 2.60 MWdc capacity under ”Captive Power Producer (CPP)” Segment. Disclosure is attached herewith.

 

Scrip code : 700087

Name : Mukand Ltd.,

Subject : Announcement under Regulation 30 (LODR)-Acquisition

In terms of the provisions of the Regulation 30 of SEBI Listing Regulations, 2015, we hereby inform you that the Board of Directors at its meeting held on 11th November, 2021, inter alia, have, considered and approved the proposal of purchase of additional 1,33,77,000 equity shares (49% of equity share capital) of Mukand Sumi Metal Processing Ltd. (‘MSMPL’) by the Company from Sumitomo Corporation, Japan (‘SC’), on such terms and conditions as may be mutually agreed among the parties. Post above purchase, the Company’s shareholding in MSMPL would increase from 51 % to 100 % and eventually MSMPL would become the wholly owned subsidiary of Mukand Limited. Disclosure as required under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached as Annexure A to this letter.

 

Scrip code : 540717

Name : Polo Queen Industrial and Fintech Limited

Subject : Corporate Action-Intimation of Sub division / Stock Split

We wish to inform you that, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, November 23, 2021, through zoom, inter-alia to recommend the proposal for sub-division of Company equity share of face value of 10/- each and to increase in Authorised Capital of the Company and other matter related thereto, subject to the approval of Board of Directors and shareholders and other approvals as may be required.

 

Scrip code : 541601

Name : Rajnish Wellness Limited

Subject : Board approves Bonus Shares (EGM on Dec 13, 2021)

Rajnish Wellness Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 13, 2021, inter alia, considered and approved the following businesses: – Considered and Approved the Issue of Bonus Shares in the ratio of 5:4, subject to approval of Shareholders at Extra Ordinary General Meeting of the Company to be held on December 13, 2021.

Daily Bulletin (13th November, 2021)

Daily Bulletin (13th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211112-52

Scrip code : 530043

Name : Acknit Industries Ltd

Subject : Acquisition Of Land And Other Assets

This is to inform pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with reference to the captioned subject that as per the approval of the Board of Directors in their meeting to acquire/purchase of Land & other assets at Falta, FIGC, Sector-III, West Bengal, the Company has acquired through E-Auction under Regulation 32(c) read with regulation 33(1) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, Land aggregating to about 4.22 acres (more or less) and other assets for future expansion.

 

Scrip code : 532941

Name : Cords Cable Industries Limited

Subject : Announcement under Regulation 30 (LODR)-Meeting Updates

Dear Sir, Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform the exchanges that the Board of Directors of the Company at its meeting held on today i.e. Friday, November 12, 2021 at the Registered Office of the company considered and approved the following: i) Un-audited financial results and Cash Flow Statement for the 2″? quarter and half year ended September 30, 2021; ii) Statement of Assets and Liabilities for the half year ended September 30, 2021; iii) Limited Review Report by the Statutory Auditor. iv) Loan amounting to Rs. 1,60,00,000/-(One Crore Sixty Lacs Only) from Mr. Naveen Sawhney, Managing Director of the company towards unsecured loan at rate of interest of 10% p.a. The Board Meeting commenced at 12:00 noon and concluded at 43.18. p.m.

 

Scrip code : 539524

Name : Dr. Lal Pathlabs Limited

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

With reference to the captioned subject and in continuation to our earlier intimation dated October 26, 2021 w.r.t. acquisition of 100% stake in Suburban Diagnostics (India) Private Limited and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that Dr. Lal PathLabs Limited (‘the Company’) has completed the said acquisition on November 12, 2021 as per the terms and conditions of the Share Purchase Agreement. Pursuant to completion of said acquisition, Suburban has now become Wholly-owned Subsidiary of the Company.

 

Scrip code : 532927

Name : eClerx Services Limited

Subject : Extinguishment Of 1,063,157 Fully Paid-Up Equity Shares Of The Face Value Of Rs. 10 Each Of Eclerx Services Limited

Consequent To Completion Of The Buy Back Through The Tender Offer Route. Extinguishment of 1,063,157 fully paid-up equity shares of the face value of Rs. 10 each of eClerx Services Limited consequent to completion of the buy back through the tender offer route.

 

Scrip code : 523329

Name : Eldeco Housing & Ind. Ltd.,

Subject : Corporate Action-Outcome of Sub division / Stock Split

The Board has approved Sub-division/Split of Equity Shares of the Company from face value of Rs. 10/- per share to Rs. 2/- per share, subject to the approval of the Members of the Company which will be sought in due course of time through Postal Ballot.

 

Scrip code : 526729

Name : Goldiam International Ltd.

Subject : Updates Regarding The Buyback Of Upto 3,80,000 (Three Lakhs Eighty Thousand Only) Fully Paid-Up Equity Shares Of The Company Of Face Value Of Rs.10/- (Rupees Ten Only) Each At A Price Of Rs.1,200/-Per Equity Share (“Buyback”)

Further to our letter dated October 21, 2021, we wish to inform that Securities and Exchange Board of India (‘SEBI’) has vide its letter dated November 11, 2021 (‘Observation Letter’), given its observation on the Draft Letter of Offer filed by the Company with SEBI. Pursuant thereto and in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, the Company will dispatch the Letter of Offer to eligible shareholders (i.e. equity shareholders of the Company as on the Record Date of Wednesday, October 27, 2021), on or before November 18, 2021. You are requested to take note of the following schedule of activities in relation to the Buyback: Date of Opening of the Buyback Offer Period Friday, November 26, 2021 Date of Closing of the Buyback Offer Period Thursday, December 09, 2021.

 

Scrip code : 524648

Name : Indo Amines Ltd.

Subject : Board recommends Sub-division of Equity Shares

Indo Amines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2021, inter alia, has recommended the proposal for sub-division of Company’s one (1) equity share of face value of Rs. 10/- each into Two (2) equity shares of face value of Rs. 5/- (Rupees Five) each, subject to the approval of shareholders and other approvals as may be required.

 

Scrip code : 526642

Name : Mirza International Limited

Subject : Announcement under Regulation 30 (LODR)-Restructuring

Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2021, this is to inform that the Board of Directors, in their Meeting held on 12th November, 2021, has, inter-alia, in-principally approved the proposal of the amalgamation of RTS Fashions Private Limited, the ultimate holding company of Mirza U.K. Limited, with Mirza International Limited and demerger of Domestic Business of Mirza International Limited into a Resulting Company, on mirror shareholding basis, in such manner as may be deemed fit and proper. The Audit Committee and Board of Directors of the Company will consider and approve the draft Scheme of Arrangement, Report on Valuation of Shares and Fairness Opinion Report and such other incidental documents in their forthcoming meetings. Intimation of the same will be circulated in the due course. This is for your information and records.

 

Scrip code : 500460

Name : Mukand Ltd.,

Subject : Announcement under Regulation 30 (LODR)-Acquisition

In terms of the provisions of the Regulation 30 of SEBI Listing Regulations, 2015, we hereby inform you that the Board of Directors at its meeting held on 11th November, 2021, inter alia, have, considered and approved the proposal of purchase of additional 1,33,77,000 equity shares (49% of equity share capital) of Mukand Sumi Metal Processing Ltd. (‘MSMPL’) by the Company from Sumitomo Corporation, Japan (‘SC’), on such terms and conditions as may be mutually agreed among the parties. Post above purchase, the Company’s shareholding in MSMPL would increase from 51 % to 100 % and eventually MSMPL would become the wholly owned subsidiary of Mukand Limited. Disclosure as required under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached as Annexure A to this letter.

 

Scrip code : 533206

Name : SJVN LIMITED

Subject : Announcement under Regulation 30 (LODR)-Acquisition

In compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, it is to inform that the Board of Directors of Company in its meeting held today i.e. Friday 12th November, 2021 inter-alia has considered and approved the proposal regarding formation of Wholly Owned Subsidiary Company for development of renewable energy, small hydro and green hydrogen project, subject to approval of Government of India.

 

Scrip code : 500800

Name : TATA CONSUMER PRODUCTS LIMITED

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) it is hereby informed that the Company has entered into a Share Purchase Agreement (‘SPA’) with Tata Industries Limited (‘TIL’) and Tata Smartfoodz Limited (‘the Target Company’) on November 12, 2021, to purchase 100% of the equity stake held by TIL in the Target Company. The above transaction was approved by the Board at its meeting held on November 11, 2021.

 

 

Fineotex Chemicals Ltd
Speciality Chemicals
FV – Rs 2; 52wks H/L – 146.1/35; TTQ – 2.24 Lacs; CMP – Rs 122 (As On November 12 , 2021);                      

            Market Cap – Rs 1351 Crs

Consolidated Financials and Valuations for FY21 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
 Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
22.15 209 3 236 45 19 4.06 30 6.4 64.74

Consolidated Financials and Valuations for FY20 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
 Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

P/BV

Promoter’s
Stake
22.26 170 3 199 14 15 1.26 97 8.13 71.78

FCL will be commissioning its brownfield project in Ambernath, by June ’21 & as soft opening & expanding its capacities. Company have deployed around INR200 million for the plant, INR270 million for the project. The plant will be a state-of-the-art automized plant, which will comply to the highest standards of sustainability and boost growth.The capacity expansion would be around 36,000 tons a year.
Nippon India Small Cap Fund purchased 66,08,595 shares of the company at an average price of Rs 45.25 per share through a bulk deal.
Also, Tejas Tradefin LLP purchased 7,00,100 shares at Rs 47.28 per share.

 

Overview:
• Fineotex Chemical Ltd is one of the leading manufacturers of specialty chemicals for textiles, home care, hygiene & drilling specialities. Company manufactures range of specialty chemicals which improve process performance from the pre-weaving preparatory stage to finishing chemicals.
• The company has been already registered with municipal corporations as it has supplied to the KEM and Kasturba hospitals in the past. Therefore will help the company in catering demand from this segment.
• The company is witnessing big demand for disinfectant, sanitizers, house floor cleaners. The consumption level of these products has already gone very high.
• FCL is catering in India companies like Chenab, JCT, Auro Dyeing, Auro Textile, Mahavir Spinning, Nahar Group, Reliance, Sai Exports, Himmat Singka, GHCL, RaymondBanswara, Syntex, Sangam, Therefore almost all the biggest corporate houses, Welspun and Trident, are FCL’s customer.
• The company has 43000+ MT p.a installed capacities.
• The Company bought back 5,51,580 shares by utilizing Rs. 18.2 mn from cash reserves.

Management:
• Mr. Surendrakumar Tibrewala – CMD
• Mr. Sanjay Tibrewala – CFO

Share Price Trend:


Share Price Snapshot:

Financials:

Sources :
Investor Presentation
Concall Transcript