Daily Notifications as on 26th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200826-46

1. Scrip code : 524594
Name : Ashok Alco-Chem Ltd.
Subject : Open Offer
Pioneer Investcorp Ltd (“Manager to the Offer”) has submitted to BSE a copy of Public Announcement under Regulations 3(1), 4 And 5(1)/(2) read with Regulations 13(1) and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended for the attention of the Shareholders of Ashok Alco Chem Ltd (“Target Company”).

2. Scrip code : 541154
Name : Hindustan Aeronautics Limited
Subject : Notice of Offer for Sale of Share by Promoter & Floor Price
The President of India (acting through the Department of Defence Production, Ministry of Defence, Government of India) (the “Seller”) proposes to sell up to 10% (33,438,750) equity shares of face value of Rs. 10 each of the Company (“Base Offer Size”), on August 27, 2020 (“T day”), (for non-Retail Investors only) and on August 28, 2020 (“T+1 day”) (for Retail Investors and non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 5% (16,719,375) equity shares of the Company (the “Oversubscription Option” and in event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will represent 15% (50,158,125) equity shares of Hindustan Aeronautics Ltd (“the Company”), and will collectively, hereinafter be referred to as “Offer Shares”. In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as “Offer Shares”) through a separate, designated window of the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE” and together with BSE, the “Stock Exchanges”). Date and time of the opening and closing of the offer : The Offer shall take place on a separate window of the Stock Exchanges on August 27, 2020 (“T” day) and August 28, 2020 (“T+1” day), from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below. For non-Retail Investors: 1. August 27, 2020 (T day): Non-Retail Investors can place their bids only on the T day. While placing their bids the non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below); 2. August 28, 2020 (T+1 day): Such non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to T+1 day, shall be allowed to revise their bids upward on T+1 day as per the OFS Guidelines. For Retail Investors (defined below) 1. August 28, 2020 (T+1 day): Retail Investors shall be allowed to place their bids only on T+1 day. Floor Price : The floor price for the Offer shall be Rs. 1001 (Indian Rupees One Thousand and One) per equity share of the Company.

3. Scrip code : 532892
Name : Motilal Oswal Financial Services Limited
Subject : Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
Daily Reporting of Buy-back of Equity Shares

Daily Notifications as on 25th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200825-37

1. Scrip code : 539788
Name : Khemani Distributors & Marketing Limited
Subject : Board approves Bonus Issue (AGM on Sept 16, 2020)
Khemani Distributors & Marketing Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2020, inter alia, has recommended Issue of Bonus share in 1:1 ratio.

2. Scrip code : 540259
Name : SHANGAR DECOR LIMITED
Subject : Board declare Interim Dividend & Bonus Issue
Shangar Decor Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2020, inter alia, have considered and approved the following: 1. Recommended Interim Dividend of Rs. 0.10 paisa per share. 2. Issuances of fully paid up Bonus Shares in the ratio of 1:1 i.e. 1 (one) fully paid up bonus share for 1 (one) fully paid up equity share of the Company, out of free reserves of the Company. The Company will intimate the “Record Date” for determining eligible shareholders entitled to receive Bonus Shares in due course.

3. Scrip code : 526544
Name : Scanpoint Geomatics Limited
Subject : Board approves Rights Issue of equity shares
Scanpoint Geomatics Ltd has informed BSE about Outcome of Board Meeting held on August 25, 2020.

4. Scrip code : 512529
Name : Sequent Scientific Limited
Subject : Updates on Open Offer
Nomura Financial Advisory and Securities (India) Pvt. Ltd (“Manager to the Offer”) has submitted to BSE a copy of Offer Opening Public Advertisement under regulation 18(7) in terms of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, and corrigendum, for the attention of the Public Shareholders of Sequent Scientific Ltd (“Target Company”).

Daily Notifications as on 24th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200824-39

1. Scrip code : 543210
Name : Aarti Surfactants Limited
Subject : Announcement under Regulation 30 (LODR)-Open Offer – Updates
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Proposed Open Offer by Ms. Jaya Chandrakant Gogri (‘Acquirer 1’) and Nikhil Holdings Private Limited (‘Acquirer 2’) (Collectively referred to as ‘Acquirers’) to acquire upto 19,71,965 Equity shares of Rs. 10/- each for cash at a price of Rs. 284/- aggregating upto Rs. 56,00,38,060 (Rupees Fifty Six Crores Thirty Eight Thousand and Sixty only), to the Public shareholders of Aarti Surfactants Limited (‘Target Company’) in accordance with the extant Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (‘Takeover Regulations’) (‘Open Offer’). We are attaching herewith a Draft Letter of Offer dated August 19, 2020 received from Saffron Capital Advisors Private Limited, Manager to the captioned Open Offer. We request you to take the above disclosure on record.

Ramco System Ltd.

Ramco System Ltd.

IT Consulting & Software

FV – Rs 10; 52wks H/L – 219.5/64.1; TTQ – 1.09 Lacs; CMP – Rs 222.2 (As On Aug 21, 2020);                   

      Market Cap – Rs 586 Crs

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

  Ramco System
Year Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2020-21 (Q1) 31 620 93 145 14 202.35 4.63 48.00 1.10 50.03
2019-20 31 606 93 569 11 197.73 3.56 62.36 1.12 50.05

 

About the Company:

Ramco Systems is part of the Ramco Group of companies. Started as an R&D division of Ramco Industries Limited in 1992, Ramco Systems was later established as an independent company in 1997. It’s headquarters are in Chennai and the company has 24 offices spread across India, USA, Canada, Europe, Australia, Middle East, South Africa and APAC. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.

Ramco is a fast growing enterprise software player disrupting the market with its multi-tenanted cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation. Ramco Systems focuses on Innovation and Culture to differentiate itself in the marketplace.

Their segmental revenue breakup is as follows:

  1. Americas – 22% 
  2. Europe – 2% 
  3. APAC – 41%
  4. India – 21%
  5. MEA – 14%

 

Board of Directors:

 

  • Shri P R Venketrama Raja: Chairman

 

  • Shri P V Abinav Ramasubramaniam Raja: Whole-Time Director
  • Virender Aggarwal: Chief Executive Officer

 

 

 

Shareholding Pattern:

Price History:

Peer Comparison:

All figures in Rs Cr. Unless Specified

2020

Ramco Systems Tata Elxsi Aurion Pro Newgen Software
Price (Rs) 191.35 1020.05 60.1 179.1
FV (Rs) 10 10 10 10
Market Cap 586 6353 137 1253
Equity 31 62 73 69
Net Worth 606 1090 543 549
Total Debt 93 13 95 75
Sales 569 1610 455 661
Net Profit 11 256 66 41
EPS (Rs) 3.6 41.1 9.1 6.0
BV (Rs) 197.7 175.0 74.7 79.5
PE  53.70 24.80 6.63 29.84
PB 0.97 5.83 0.80 2.25

 

Daily Notifications as on 21st August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200821-39

1. Scrip code : 524348
Name : Aarti Drugs Limited
Subject : Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Pursuant to Regulation 30 of Listing Regulations please find enclosed the copy of Postal Ballot Notice dated August 20, 2020, as sent to the members on their registered email address, seeking approval for; 1) Increase in Authorized Share Capital and consequent amendment to the Memorandum of Association of the Company. 2) Issue of Bonus Shares The Company has engaged the service of NSDL for providing remote e-voting facility to all its Members. The e-voting period commences on Saturday, August 22, 2020 (9:00 am) and ends on Sunday, September 20, 2020 (5:00 pm). The said information is also made available on the website of the Company i.e. www.aartidrugs.co.in

Daily Notifications as on 19th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200819-45

1. Scrip code : 718946
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment in Vitalic Health Private Limited and its subsidiaries

2. Scrip code : 507525
Name : Amrit Corp Limited
Subject : Corporate Action-Updates on Buy back
Pursuant to the Public Announcement dated June 23, 2020, the Letter of Offer dated July 10, 2020 (the “Letter of Offer”) the tendering period for the Buyback opened on Thursday, July 16, 2020 and closes on Wednesday, July 29, 2020 (both days inclusive). In accordance with the provisions of Regulations 11 and 24 (iv) of the Buyback Regulations, this is to inform you that the Company has extinguished 1,75,000 Equity Shares which were in dematerialized form. No Equity Shares in physical form were bought back or extinguished.

3. 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, vide Public Announcement dated 23.03.2020; please find the below details of buyback of Equity Shares made today i.e., 17.08.2020

Daily Notifications as on 18th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200818-43

1. Scrip code : 524348
Name : Aarti Drugs Limited
Subject : Board to consider Bonus Issue
Aarti Drugs Ltd has informed BSE that the Board Meeting of the Board of Directors of the Company is scheduled to be held on August 20, 2020 to consider a proposal for issue of Bonus Shares. In pursuant to provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, read with Company’s Code on prohibition of Insider Trading, the Company is closing the “Trading Window” with immediate effect and it will remain closed until August 22, 2020 for the aforesaid purpose.

2. Scrip code : 540737
Name : Shree Ganesh Remedies Limited
Subject : Board to consider Bonus Issue
Shree Ganesh Remedies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 21, 2020.

3. Scrip code : 501831
Name : Coastal Corporation Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Announcement under Regulation 30 – Update on Scheme of Amalgamation.

4. Scrip code : 534076
Name : Orient Refractories Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We wish to inform you that an Appeal against the order dated 02.03.2020, in Company Scheme Petition no. 2199 / 2019 passed by Hon’ble National Company Law Tribunal, Mumbai in the matter of Amalgamation and Arrangement between Orient Refractories Limited and RHI India Private Limited & RHI Clasil Private Limited and their respective shareholders (“Scheme”), has been filed by the Company before the Hon’ble National Company Law Appellate Tribunal, New Delhi, on 13.08.2020. The said Appeal has been numbered as Comp. App. (AT) No. 128 / 2020 titled RHI India Pvt. Ltd. & Ors. v. Union of India, Ministry of Corporate Affairs.

5. Scrip code : 541206
Name : Orissa Bengal Carrier Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to the captioned subject, please find enclosed herewith disclosure, received from Rishi Kumar and Sons forming part of the promoter group of the Company, under Regulation 7 (2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 on purchase of shares in the Company in form C.

6. Scrip code : 500493
Name : Bharat Forge Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Acquisition update regarding Aeron Systems Private Limited, Pune, India

7. Scrip code : 533217
Name : Hindustan Media Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
This is in continuance to our letter of even reference dated 28th July, 2020 on the captioned subject. We have to inform that ‘Indicative time period for completion of acquisition’ of Compulsorily Convertible Preference Shares of Parijat Innovations Private Limited mentioned in clause (f) of Annexure-A to the abovementioned letter may be read as ‘On or before 1st October, 2020’. This is for information and record.

8. Scrip code : 541206
Name : Orissa Bengal Carrier Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to the captioned subject, please find enclosed herewith disclosure, received from Rishi Kumar and Sons forming part of the promoter group of the Company, under Regulation 7 (2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 on purchase of shares in the Company in form C.

9. Scrip code : 507685
Name : Wipro Ltd.
Subject : Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please refer to our earlier letter dated July 14, 2020 informing that Wipro has signed an agreement to acquire IVIA Serviços de lnformitica Ltda, a provider of IT solutions including system development, maintenance, consulting and project management services to clients in Brazil. In continuation to the aforesaid letter, this is to inform that the said acquisition has been completed on August 14, 2020. This is for your information and records.

Oil India

 

Oil India is the country’s second-largest hydrocarbon exploration and production public sector company

 

Financials: 

 

 

18/08/2020 52 W H/L: Rs 174/66 

Market Cap: Rs 10480 crs

Year CMP Fv Equity Capital Net Worth Long Term Debt Total Income PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Rs Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2020 97 10 1084 28849 12670 13317 3815 266 35.19 2.75 0.36 56.66
2019 10 1084 28974 10755 14907 3238 267 29.86
2018 10 757 29030 10690 11708 2735 384 36.14

Despite a rising PAT, the overall Networth fell due to the loss in Value of Indian Oil amounting to Rs 3943 crs in FY 20 routed through the Equity Instruments through Other Comprehensive Income section

Dividend Payout Policy: 

 

Oil India has a steady dividend payout policy like all other public sector companies. Usually, the company declares a final dividend in August or September. 

 

Dividend Payout ratio: 9.2% (only the Rs 9 interim dividend paid in Feb 2020is considered) 

 

Calendar Year Total Dividend
2020 9
2019 10.25
2018 15
2017 14.25
2016 16
2015 20

 

Recent Updates: 

 

On Monday, August 17th 2020, Oil India managed to cap an oil well blow out during worker maintenance in Assam’s Tinsukia district after 83 days (since May 27th). 

A total of 29,475 Metric Tonnes of Crude Oil and 69.71 Million Metric st Cubic Meter of Natural Gas have been Ibst respectively as a result of protests/blockades/ bandhs in and around Baghjan area since 27th May 2020 due to the Blowout. Bioremediation activities in affected areas are in progress.

Due to this, the future production capacity of the company may be impacted in the near term. 

 

Historical Price Chart:

Top 10 shareholders :

 

  1.  Life Insurance Corp of India – 12.0 %
  2.  Indian Oil Corp Ltd – 4.9 %
  3.  ICICI Prudential Asset Management – 3.1 %
  4.  Reliance Capital Trustee Co Ltd – 2.6 %
  5.  Hindustan Petroleum Corp Ltd – 2.5 %
  6. Bharat Petroleum Corp Ltd – 2.5 %
  7. Vanguard Group Inc –  1.0 %
  8. BlackRock Inc –  0.8%
  9.  ICICI Prudential Life Insurance Co – 0.4 1%
  10. WisdomTree Investments Inc –  0.4 %

 

Factors affecting future performance and Share Price Movement of Oil India : 

  1. The recovery of the Indian economy and the subsequent revival of demand for natural gas
  2. The time taken to recover from the oil well blowout and restore production capacity
  3. The repercussions and the compensations that will be provided to those affected by the blowout
  4. Movement of Crude Oil Prices 
  5. If the government decides to disinvest further. 

 

Daily Notifications as on 17th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200817-44

1. Scrip code : 543210
Name : Aarti Surfactants Limited
Subject : Announcement under Regulation 30 (LODR)-Open Offer – Updates
Ref: Proposed Open Offer by Ms. Jaya Chandrakant Gogri (‘Acquirer 1’) and Nikhil Holdings Private Limited (‘Acquirer 2’) (Collectively referred to as ‘Acquirers’) to acquire upto 19,71,965 Equity shares of Rs. 10/- each for cash at a price of Rs. 284/- aggregating upto Rs. 56,00,38,060 (Rupees Fifty Six Crores Thirty Eight Thousand and Sixty only), to the Public shareholders of Aarti Surfactants Limited (‘Target Company’) in accordance with the extant Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (‘Takeover Regulations’) (‘Open Offer’). We are attaching herewith a Detailed Public Statement dated August 14, 2020 received from Saffron Capital Advisors Private Limited, Manager to the captioned Open Offer. We request you to take the above disclosure on record. Thanking you, Yours faithfully, For Aarti Surfactants Limited Prashant B. Gaikwad Company Secretary ICSI M. No.: A46480

2. Scrip code : 533148
Name : JSW Energy Limited
Subject : Clarification sought from JSW Energy Ltd
The Exchange has sought clarification from JSW Energy Ltd with respect to news article appearing on www.financialexpress.com August 15, 2020, titled “JSW forays into wind energy, wins 970 MW projects in Seci auctions”. The reply is awaited.

3. Scrip code : 532356
Name : Triveni Engineering & Industries Ltd
Subject : Updates on Buyback Offer
Axis Capital Ltd (“Manager to Buyback Offer”) has submitted to BSE a copy of Draft Letter of Offer for the attention of Equity Shareholders / Beneficial Owners of Equity Shares Of Triveni Engineering & Industries Ltd (“Target Company”).