Daily Notifications as on 14th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200814-44

1. Scrip code : 890147
Name : Reliance Industries Ltd
Subject : Composite Scheme Of Amalgamation And Plan Of Merger Amongst Reliance Holding USA Inc. And Reliance Energy Generation And Distribution Limited, Both WOS Of Reliance Industries Limited (RIL) And RIL And Their Respective Shareholders- Further Update
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Composite Scheme of Amalgamation and Plan of Merger amongst Reliance Holding USA Inc. (‘RHUSA’) and Reliance Energy Generation and Distribution Limited (‘REGDL’), both wholly-owned subsidiaries of Reliance Industries Limited (‘RIL’) and RIL and their respective Shareholders (‘Scheme’) – Further update

Vikas Ecotech Ltd

Vikas Ecotech Ltd

Speciality Chemicals
FV – Rs 1; 52wks H/L – 10.55/0.96; TTQ – 13.47 Lacs; CMP – Rs 10.5 (As On August 13, 2020);                     

            Market Cap – Rs 295 Crs

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

 
Equity Capital

Net worth
Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
FY20 28 143 144 199 1 5 0.04 262 19.4 2 32.51
Q1 FY21 28 140 144 8 -5 5 -0.2 19.4 2 32.51

 

  • The demerger of ‘Recycled and Trading Compounds Division’ of the Company was successfully completed during the year under review and the Shareholders of the Company were allotted shares in ratio of 1:1 of Vikas Multicorp Ltd.
  • The Company completed commercial scale production trials and the added capacity of Specialty Chemicals plant at Rajasthan is ready for utilization in anticipation of enhanced production and sales for the next fiscal year as well.
  • The Company successfully designed & tried the new range of Eco-friendly Calcium Zinc Heat Stabilizer for PVC across various application areas like the PVC Rigid & Soft PVC Applications which have been included in the list with this new addition to the product mix offered by VEL. VEL is ready to start commercial scale production in anticipation of the huge demand that will be created with the implementation of the ban on Toxic Stabilizers.
  • As anticipated, targeted & projected for the FDA approved – Food Contact Safe Organotin Stabilizers, for which Vikas Ecotech is the only producer in India and one of the very few across the globe, the Company has successfully initiated the process for tapping the potential embedded in the largest market place for the Organotin Stabilizers the U.S.A. & has been received well by the market due to its consistent quality of the materials.

Overview:

  • Vikas Ecotech is an emerging player in the global arena of the high end specialty chemicals players.
  • They cater to products ranging from agriculture to automotives, cables to electricals, hygiene to healthcare, polymers to packaging, textiles to footwear as per industry needs.
  • The Company operates under single segment which is manufacturing and trading of speciality additives including agrochemicals and rubber-plastic and polymer compounds. Product wise performance of the Company is discussed here under :
  1. Speciality Additives – The Company is a leading manufacturer of specialty additives as we derive our competitive edge from our innovative products with real-world applications. There are 5 products in this range.

Organotin or Methyl Tin Mercaptide (MTM) continues to be the focus of the company’s  specialty additives segment and they  are India’s only indigenous manufacturer of organotin among the eight global manufacturers of the additive. USA is the world’s largest consumer of this product.

  1. Polymer Compounds – The Company is also a leading manufacturer of specialty rubber-plastic and polymer compounds. They have 3 products in this category.

Management:

  • Gyan Prakash Govil – Chairman
  • Vikas Garg – MD
  • Amit Dhuria – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoters No. of shares held % shares held
Elara India Opportunities Fund 9502125 1.43
Nomura Singapore Ltd 19328292 2.91
Parvesh Sahib Singh 11000000 1.66
Ram Niwas Mangla 9000000 1.36
Siddhayu Ayurvedic Research Foundation Pvt. Ltd 7294990 1.1
Jayant S Ciahheda HUF 19822000 2.99
Jainet rading LLP 10345255 1.56

 

Share Price Trend:

Share Price Snapshot :

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2016 20.35 22.9 10.85 16.5
2017 16.55 38.15 15.85 35.7
2018 35.5 48.5 10.42 11.93
2019 11.83 16.17 2.54 2.99
2020 2.99 10.05 0.96 10.05

 

Standalone Financials: (Rs. Crs unless specified)

Particulars 2020 2019 2018 2017 2016
Sales  199 270 240 373 312
Net Profit 1 16 27 23 26
EPS (Rs.) 0.04 0.57 0.96 0.82 1.04
Share Capital  28 28 28 28 25
Networth 143 143 128 131 66
Book Value (Rs.) 5 5 5 5 3
Debt 144 155 138 108 91

 

 

 

 

 

 

 

 

 

 

 

Daily Notifications as on 13th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200813-52

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
Further to our letter dated July 15, 2020, towards intimation of the final hearing scheduled on July 28, 2020, towards the scheme of arrangement between IndusInd Media & Communications Limited and NXTDIGITAL LIMITED and their respective shareholders by which Media and Communication undertaking of IMCL will be demerged into the Company. In this regard, we would like to inform you that the National Company Law Tribunal, Mumbai Bench has approved the aforesaid scheme today, August 6, 2020. On receipt of a copy of the final order of the Hon’ble NCLT, as soon as received, we will submit the same to the exchanges. Consequent to this order and filing of the order with the Ministry of Corporate Affairs all listing formalities are expected to be completed within the month of August 2020. The intimation of the date of the Board meeting to declare the restated accounts for March 31, 2020 consequent to merger and Q 1 results on the merged basis in August 2020 will be communicated separately.

2. Scrip code : 509079
Name : Gufic BioSciences Ltd.
Subject : Shareholder Meeting / Postal Ballot-Court Convened Meeting On September 15, 2020
Pursuant to Regulation 30 read with Schedule III of SEBI(Listing Obligations And Disclosure Requirements) Regulations, 2015, we wish to inform that in accordance with the order dated July 14, 2020 passed by the National Company Law Tribunal, Mumbai bench under sub-section (1) of Section 230 of the Companies Act, 2013, the Meeting of the Equity Shareholders of the Company is scheduled to be held on Tuesday, September 15, 2020 at 12.30 p.m. through video conferencing or other audio visual means (‘VC/ OAVM’), following the operating procedures (with requisite modifications as may be required) for the purpose of considering, and if thought fit, approving with or without modification(s), the proposed Scheme of Amalgamation (Merger by Absorption) of Gufic Lifesciences Private Limited (‘Transferor Company’) with Gufic Biosciences Limited (‘Transferee Company’)

Daily Notifications as on 12th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200812-31

1. Scrip code : 507525
Name : Amrit Corp Limited
Subject : Disclosure Under Regulation 29(2) & (3) Of The SEBI (Substantial Acquisition Of Shares & Takeover) Regulations, 2011 – Acceptance Of 1,40,110 Equity Shares Of Rs.10/- Each Of Amrit Corp. Ltd. Under The Buy-Back Offer Through The Tender Offer Route By The Company
We have received intimation under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from the Promoters of our Company viz. Amrit Corp. Limited. The copy of same is being forwarded herewith for your reference.

2. Scrip code : 526445
Name : Indrayani Biotech Ltd.
Subject : Intimation On The Outcome Of The Board Meeting Held On 8Th August 2020 And Disclosures Under SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
a.The Board took on record the sanction of the Scheme by National Company Law Tribunal, Chennai by its order dated 5th August 2020 b. The Board authorizes Mr G. Swaminathan, Additional Director of the Company and Ms Roopa Ravikumar, Company Secretary to take all further action as required for the effecting the order of merger C. The Board also took on record that Helios Solutions Limited and A diet Express Hospitality Service Limited has fixed record date as August 21st 2020 for the purpose of identifying list of shareholders for giving effect to the scheme of amalgamation.

Daily Notifications as on 11th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200811-35

1. Scrip code : 506260
Name : Anuh Pharma Ltd.
Subject : Corporate Action-Board recommends Bonus Issue
Pursuant to the provisions of Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company (the “Board”) at its Meeting held today i.e. Friday, 7th August, 2020, inter-alia considered and approved Issue of Bonus Equity Shares in the ratio of 1:1 i.e. 1 (One) equity share of face value of Rs. 5/- each for every existing 1 (One) equity share of face value of Rs. 5/- each fully paid up by way of capitalization of Free Reserves subject to approval of the Members. The Bonus shares shall be allotted rank pari-passu in all respect and carry the same rights of the existing equity shares.

2. Scrip code : 505200
Name : Eicher Motors Ltd.
Subject : Corporate Action-Outcome of Sub division / Stock Split
Approval of shareholders inter alia to the sub-division of equity shares of the Company

3. Scrip code : 532440
Name : MPS Limited
Subject : Corporate Action-Buy back
Buyback of fully paid up Equity Shares of face value of INR 10 each not exceeding 5,66,666 Equity Shares (representing 3.04% of the total paid-up equity share capital of the Company as on March 31, 2020) at a price of INR 600 per Equity Share payable in cash for an aggregate amount not exceeding INR 34,00,00,000, excluding taxes payable under Income Tax Act, 1961 and expenses to be incurred for the buyback like transaction costs viz. brokerage, securities transaction tax, GST, stamp duty, etc., which is 9.95% and 9.49% of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated balance sheet of the Company for the financial year ended March 31, 2020, respectively, on a proportionate basis from the shareholders of the Company, through the “Tender Offer” route using mechanism for acquisition of shares through stock exchange as prescribed under SEBI Buy Back Regulations and the Companies Act, 2013 and rules made thereunder.

4. Scrip code : 500179
Name : HCL Infosystems Ltd
Subject : Intimation Of Board Approval Of HCL Infosystems Limited For Merger Of Wholly Owned Subsidiaries With The Company
In terms of Regulation 30 read with Part A of Schedule III as per SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of HCL Infosystems Limited (‘the Company’), in their meeting held today i.e. 6th August, 2020 has considered and given its approval for the following – The Board considered and approved merger of HCL Learning Limited and DDMS with the Company. HCL Learning Limited and DDMS are wholly owned subsidiaries of the Company. The proposed merger is for the purpose of simplifying and streamlining the group structure of the Company and reduce administrative costs. The proposed merger shall be implemented through a scheme of amalgamation under the provisions of Section 230 to 232, and other applicable provisions of the Companies Act, 2013 and shall be subject to the approvals of National Company Law Tribunal, shareholders and creditors of the Company and such other approvals as may be required in this regard.

5. Scrip code : 534675
Name : Prozone Intu Properties Limited
Subject : Intimation Of Scheme Of Amalgamation Between Two Wholly Owned Subsidiary Companies
Please be informed that the Board of Directors of the Company has approved the Scheme of Amalgamation (‘Scheme’) of Royal Mall Private Limited (‘Amalgamating Company’) with Prozone Developers & Realtors Private Limited (‘Amalgamated Company’) under Sections 230 to 232 and other relevant provisions of the Companies Act, 2013. Both Companies i.e. Amalgamating Company and Amalgamated Company are wholly owned subsidiaries of the Company and have approved the Scheme in their respective Board Meetings. The appointed date of the Scheme is 1st January 2020. Since the proposed amalgamation is between two wholly-owned subsidiaries, right of the Company and its stakeholders are not going to be affected by the virtue of this Scheme. This information is being disseminated under regulation 30 of SEBI (LODR) Regulations 2015 and other application provisions.

6. Scrip code : 532779
Name : TORRENT POWER LIMITED
Subject : Notice Of NCLT Convened Meeting Of Unsecured Creditors Of Cable Business Undertaking Of The Company Through Video Conferencing / Other Audio Visual Means (‘VC / OAVM’) On Tuesday, September 15, 2020
Notice of NCLT convened Meeting of Unsecured Creditors of Cable Business Undertaking of the Company through Video Conferencing / Other Audio Visual Means (‘VC / OAVM’) on Tuesday, September 15, 2020 for considering and if thought fit, to approve the proposed Scheme of Arrangement between Torrent Power Limited (hereinafter referred to as the Transferor Company’) and TCL Cables Private Limited (hereinafter referred to as the ‘Transferee Company’) and their respective shareholders and creditors for transfer and vesting of the Cable Business Undertaking of Torrent Power Limited to TCL Cables Private Limited by way of slump sale, under Sections 230-232 and other applicable provisions of the Companies Act, 2013.

 

Wabco India- Open Offer Details and Key Financials

 

10/08/2020

WABCO 

Market Cap: 13273 Rs crs

52 Week H/L: 7018/5296 

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 %
Q1 21 7000 5 9 1749 179 -31 922 -16.54 7.59
2019 7000 5 9 1780 2926 282 939 148.73 47.06 7.46 75
2018 7000 5 9 1526 2660 273 805 143.88 48.65 8.70

 

Wabco India is in the Commercial Vehicles Segment. The merger will help advance technologies and help innovate in the Commercial Vehicles segment. 

 

Details of the Offer:

The Open offer is for the acquisition of up to 4,741,900 (four million seven hundred forty-one thousand nine hundred only) fully paid-up equity shares of face value of ₹ 5 each of Wabco India limited (“target company”), representing 25%  of the total fully paid-up fully diluted voting equity share capital of the target company from the public shareholders of the target company by ZF Friedrichshafen Ag (“acquirer”) together with Wabco Asia private limited and LucasVarity. 

 

The offer price is Rs 7,067.51 per offer share, totalling to Rs 3351.34 crore.

Date of commencement of tendering period (Open Offer opening date) – 13th August (Thursday) 

Date of closure of tendering period (Open Offer closing date) – 26th August (Wednesday) 

 

Daily Notifications as on 10th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200810-60

1. Scrip code : 718852
Name : Reliance Industries Ltd
Subject : Composite Scheme Of Amalgamation And Plan Of Merger Amongst Reliance Holding USA Inc. And Reliance Energy Generation And Distribution Limited, Both WOS Of Reliance Industries Limited (RIL) And RIL And Their Respective Shareholders- Further Update
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Composite Scheme of Amalgamation and Plan of Merger amongst Reliance Holding USA Inc. (‘RHUSA’) and Reliance Energy Generation and Distribution Limited (‘REGDL’), both wholly-owned subsidiaries of Reliance Industries Limited (‘RIL’) and RIL and their respective Shareholders (‘Scheme’) – Further update

2. Scrip code : 533274
Name : Prestige Estates Projects Limited
Subject : Clarifies on news item
With reference to news appeared in https://realty.economictimes.indiatimes.com/ dated August 10, 2020 quoting “Blackstone set to acquire Prestige Group’s assets for Rs 12,745 crore”, Prestige Estates Projects Ltd has submitted to BSE a copy of Clarification is enclosed.

Daily Notifications as on 7th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200807-44

1. Scrip code : 532955
Name : REC LIMITED
Subject : Approval Of Scheme Of Amalgamation Of Wholly Owned Subsidiaries Of REC
In compliance with the provisions Regulation 30 read with Schedule III of SEBI (LODR) Regulations 2015, this is to inform that the Board of Directors of REC Limited, in its Meeting held on August 7, 2020, inter-alia approved revised Scheme of Amalgamation of REC Transmission Projects Company Limited (‘Transferor Company’) with REC Power Distribution Company Limited (‘Transferee Company’), wholly owned subsidiaries of REC, subject to requisite approvals.

Daily Notifications as on 6th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200806-39

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Approval Of The Scheme Of Arrangement Between Indusind Media & Communications Limited And NXT DIGITAL LIMITED And Their Respective Shareholders, By National Company Law Tribunal.
Further to our letter dated July 15, 2020, towards intimation of the final hearing scheduled on July 28, 2020, towards the scheme of arrangement between IndusInd Media & Communications Limited and NXTDIGITAL LIMITED and their respective shareholders by which Media and Communication undertaking of IMCL will be demerged into the Company. In this regard, we would like to inform you that the National Company Law Tribunal, Mumbai Bench has approved the aforesaid scheme today, August 6, 2020. On receipt of a copy of the final order of the Hon’ble NCLT, as soon as received, we will submit the same to the exchanges. Consequent to this order and filing of the order with the Ministry of Corporate Affairs all listing formalities are expected to be completed within the month of August 2020. The intimation of the date of the Board meeting to declare the restated accounts for March 31, 2020 consequent to merger and Q 1 results on the merged basis in August 2020 will be communicated separately.

2. Scrip code : 500469
Name : Federal Bank Ltd.
Subject : Updates On Acquisition Of Shares Of IDBI Federal Life Insurance Co Ltd
Updates on Acquisition of shares of IDBI Federal Life Insurance Co Ltd

3. Scrip code : 542351
Name : Gloster Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Sub: Hand over of management and control of M/s. Fort Gloster Industries Ltd. (Corporate Debtor) to Gloster Limited (successful Resolution Applicant) In continuation to our letter dated 1st October 2019 where in we had intimated that National Company Law Tribunal (Kolkata Bench) CNCLT”), vide its order dated September 27,2019, has approved the resolution plan submitted by Gloster Limited (the Company) for acquisition of Fort Gloster Industries Limited under the Corporate Insolvency Resolution Process (”CIRF) of the Insolvency and Bankruptcy Code 2016 (IBC), please note that the Company has completed payment of Rs. 72 crore as envisaged in the Resolution Plan on 04.08.2020. Consequently the Monitoring Committee has today i.e. 05.08.2020 handed over the management and control of M/s. Fort Gloster Industries Ltd. (Corporate Debtor) to the Company. We request you to take the above on record.

 

Great Eastern Shipping Company Ltd

    Great Eastern Shipping Company Ltd

Shipping
FV – Rs 10; 52wks H/L – 369.35/168.95; TTQ – 12 K; CMP – Rs 270 (As On August 5, 2020);                     

            Market Cap – Rs 3968 Crs

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

 
Equity Capital

Net worth
Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
FY20 146.97 6796 4786 3948 207 462 14 19.3 10.66 0.6 28.83
Q1 FY21 146.97 7264 4786 1196 468 494 32 8.4 10.66 0.5 29.13

 

Debt to Equity – 0.7

ROE – 3.04%

Market Cap/Sales – 1

  • On May 30, the Mumbai-based company’s board approved a proposal to incorporate a wholly owned subsidiary – Great Eastern Services Ltd. (https://www.thehindubusinessline.com/economy/logistics/great-eastern-shipping-ventures-into-third-party-ship-management/article31786445.ece#)
  • During the year, the company declared and paid first interim dividend of Rs. 5.40 per share. Subsequent to the end of the year, they declared second interim dividend of Rs. 2.70 per share. (total dividend Rs. 8.10 per sahre)
  • During the year the company announced buyback of its equity shares from the open market through stock exchanges at a price not exceeding Rs. 306 per share for an aggregate amount not exceeding Rs. 100 crore. . The Company bought back 3810581 equity shares of Rs. 10 each for an aggregate amount of Rs. 99.94 crores. The highest, lowest and average market price at which the shares were bought back was Rs. 305, Rs. 221 and Rs. 261.60 per share respectively.
  • The company achieved an operational efficiency of 99.5% on the shipping fleet.

Overview:

  • G E Shipping is India’s largest private sector shipping service provider enjoying a formidable presence in the international maritime industry. The shipping business operates under two main businesses: dry bulk carriers and tankers.
  • Backed by an enviable clientele comprising industry leaders, international oil companies and governments who vouch for its services, the division has earned the status of being the most preferred shipping service provider.
  • With a pulse on the global market and a thorough understanding of the ever-evolving market needs, the division is well-equipped to anticipate the demands of its clients and to deliver on its commitments, successfully and satisfactorily.
  • As at 31st March 2020, the fleet size stood at 46 ships aggregating to 3.70 million dwt, with an average age of 12.20 years. During the financial year, the company delivered to buyers a Very Large Gas Carrier (VLGC) which it had contracted to sell in FY 2018-19, and also sold and delivered to the buyers a Suezmax crude carrier.

 

Source : Investor Presentation

Shipping Fleet Breakup:

Source : Investor presentation

Management:

  • K. M Sheth – Chairman
  • G. Shivakumar – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoter No. of shares held % shares held
ICICI Prudential Value Discovery Fund 11707214 7.97
HDFC Small Cap Fund 4550858 3.1
UTI – Core Equity Fund 2668979 1.82
SBI Large & Midcap Fund 7908359 5.38
Fidelity Puritan Trust 4700000 3.2
Franklin Tempelton Investment Funds 2672519 1.82
Nalanda India Equity Fund Ltd 10524139 7.16
GIC of India 2964511 2.02
ICICI Prudential Life Insurance Co. Ltd 2018477 1.37

 

Share Price Trend:

Share Price Snapshot:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2015 365 420 326.75 369.8
2016 368 397.6 275 362.75
2017 364.25 477 350 399.05
2018 400.95 482.4 266.1 317.2
2019 317.55 330.65 212.2 298.75
2020 299.55 369.35 168.95 276.05

 

Source : Investor Presentation

Financial Trend: (Rs. Crs unless specified)

Source : Annual Report

Segment Revenue:

Source : Company Results

Peer Comparison:

Particulars GE Shipping Shipping Corp
Face Value (Rs.) 10 10
CMP (Rs.) 270 55
52 week high/low (Rs.) 369.35/168.95 69.8/24.85
Market Cap (Rs.Crs) 3968 2578
Equity Cap (Rs.Crs) 146.97 465.8
Networth (Rs.Crs) 6796 7484
Debt (Rs.Crs) 4786 3663
Sales (Rs.Crs) 3948 4105
PAT (Rs.Crs) 201 -63
EPS (Rs.) 14 -1.4
Book Value (Rs.) 462 161
P/E 19.3 NA
P/Bv 0.6 0.3
Fleet Size (Nos.) 46 60