Notifications, Scrip Scan

Daily Bulletin (22nd January, 2020)

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Bulletin (22nd January, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200122-44

1.Scrip code : 500820
Name : Asian Paints Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform you that the Board of Directors at their meeting held today, has inter alia, approved the Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited (‘Transferor Company’), wholly owned subsidiary of the Company with Asian Paints Limited (‘Transferee Company’) in accordance with the provisions of Companies Act, 2013 and other applicable laws. The aforesaid amalgamation is subject to necessary statutory and regulatory approvals, including approval of the National Company Law Tribunal, Mumbai. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2O15 dated 9th September, 2015 are enclosed.

2.Scrip code : 541770
Name : CreditAccess Grameen Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to the captioned disclosures wherein CreditAccess Grameen Limited (the ‘Company’) informed you that its Board of Directors (‘Board’) had approved: (i) the acquisition of up to 76.34% of the share capital of Madura Micro Finance Limited (‘MMFL’) (equivalent to 54,92,616 equity shares) by the Company from its existing shareholders; (ii) a scheme of arrangement amongst the Company, MMFL and their respective shareholders and creditors, providing for the amalgamation of MMFL into the Company (‘Amalgamation’); The Company now wishes to inform the updates pursuant to decisions taken at the Board meeting held on January 22, 2020.

3.Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
The Company has received Observations Letters no. DCS/AMAM/DS/R37/1649/2019-20 dated January 13, 2020 and letter no NSE/LIST/21847_II dated January 13, 2020 from BSE Limited and National Stock Exchange of India Limited respectively, towards the Scheme of Arrangement between IMCL and NXTDIGITAL Limited (formerly known as Hinduja Ventures Limited) by virtue of which the Media and Communications undertaking of IMCL will be merged into NXTDIGITAL Limited. We would like to inform you that the Company has filed Company Scheme Application before the National Company Law Tribunal (NCLT) Bench, Mumbai on January 21, 2020. Copy of the NCLT Application duly acknowledged is attached.

4.Scrip code : 539354
Name : POLYSPIN EXPORTS LIMITED
Subject : Board Meeting Intimation for Corporate Action-Sub-Division Of Shares
Polyspin Exports Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/02/2020 ,inter alia, to consider and approve the following: 1.To consider the Standalore and consolidated Unaudited Financial Results along with the limited Review Report for the quarter and Nine Months ended 31st December,2019. 2.To seek approval of the Board of Directors for sending the notice of Postal Ballot to the members of the company for Amendment of Articles of Association with new set of Articles of Association in tune with the Companies Act 2013 and SEBI Regulations.

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