Daily Notifications as on 9th June, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200609-35

1. Scrip code : 542752
Name : Affle (India) Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is to inform you that Affle International Pte. Ltd., a wholly-owned Singapore subsidiary of the Company has entered into a definitive Share Purchase Agreement to acquire 66.67% ownership in Appnext Pte. Ltd. incorporated in Singapore (‘Appnext Singapore’) immediately and options to acquire the remaining 28.33% shares and 5% shares of Appnext Singapore within 3 years and 5 years respectively from the closing of the Share Purchase Agreement. Further, Affle MEA FZ-LLC, a subsidiary of Affle International Pte. Ltd., has entered into an Intellectual Property Purchase Agreement to acquire 100% Tech IP assets of Appnext Limited incorporated in British Virgin Islands (‘Appnext BVI’).

2. Scrip code : 532145
Name : H.S.India Ltd.
Subject : Intimation Regarding Resumption Of Operation
With reference to our earlier communication made on 3rd April, 2020, we would like to inform that the Company has duly resumed its operations of business with limited capacity as per the directions and guidelines issued by Central Government / State Government and Local Authorities. Further, the Company will closely monitor and comply with all regulatory announcements being issued by Central / State /Local Authorities, from time to time and is committed to ensuring full and immediate compliance with these at all times.

3. Scrip code : 523405
Name : JM Financial Limited
Subject : Qualified Institutions Placement Of Equity Shares Of The Face Value ? 1 Each (The ‘Equity Shares’) By JM Financial Limited (The ‘Company’) Under The Provisions Of Chapter VI Of Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018, As Amended (The ‘SEBI ICDR Regulations’), And Sections 42 And 62 Of The Companies Act, 2013, As Amended, Including The Rules Made Thereunder (The ‘Issue’).
1. We wish to inform you that the Committee of the Board (‘Committee’) has, at its meeting held today i.e. June 9, 2020, inter alia, passed resolutions for the following: a. Authorising the opening of the Issue today, i.e. June 9, 2020; b. Approving and adopting the preliminary placement document and the application form, both, dated June 9, 2020 in connection with the Issue; and c. Approving the floor price for the Issue, based on the pricing formula as prescribed under the SEBI ICDR Regulations. 2. We further wish to inform you that the ‘Relevant Date’ for the purpose of the Issue, in terms of Regulation 171 of the SEBI ICDR Regulations, is June 9, 2020 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is ? 66.72 per Equity Share.

4. Scrip code : 946872
Name : UPL Limited
Subject : Proposed Issue Of US$ Denominated – Regulation S Only Senior Notes By UPL Corporation Limited, Mauritius
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that UPL Corporation Limited, Mauritius, (“UPL Corp”) subsidiary of the Company, is considering issue of 10 year US$ denominated – Regulation S only Senior Notes (Notes), subject to market conditions. The proceeds of the Notes, if issued shall be utilised to fund buy back through tender offer of existing USD 500 million 3.25% Notes – due in 2021 (Bonds), in whole or part. Considering Covid-19 situation, UPL considers it prudent to raise finance about twelve months in advance of the upcoming maturity of the Bonds and manage the liability proactively. This issuance of Notes does not result in increase in Net Debt of UPL. Further information as required under SEBI (LODR) Regulations, will be shared in due course.

Daily Notifications as on 8th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200608-34

1. Scrip code : 539097
Name : HKG LIMITED
Subject : Outcome Of The Board Meeting Outcome of the Board Meeting – Sub Division of face value of Equity Shares

2. Scrip code : 539894
Name : Madhav Infra Projects Limited
Subject : Corporate Action-Board to consider Bonus Issue
In reference to captioned subject and in compliance to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby informed that the Board of Directors of the Company, in their Board Meeting held today, i.e. on June 08, 2020, at the registered office of the Company situated at Madhav House, Plot No- 04, Nr. Panchratna Tower, Beside Amul Apartment, Subhanpura, Vadodara – 390 023, which was commenced at 11:00 A.M. and concluded at 11:30 A.M. have; (i) Considered and approved the Bonus Issue of Equity Shares in the ratio of 3:1 i.e. issue of Three Bonus Share for every One equity shares held by the equity shareholders of the Company, subject to the approval of the shareholders of the Company and any other applicable statutory and regulatory approvals, as may be required. The Bonus shares shall be allotted rank pari-passu in all respect and carry the same rights of the existing Equity Shares Kindly take the same on your record.

3. Scrip code : 540642
Name : Salasar Techno Engineering Limited
Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order Received new order worth Rs. 27.18 Crore

4. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : Production Resumption Update
This is to update that now all SSWL plants are functional and all plants are catering to customer demand based on each location. we expect capacity utilization improving steadily in all across the plants and finally reach 75% of pre-Covid levels of production by September 2020. The volume delivery will rise strongly going into September 2020. The numbers from June to September looks promising as we expect to reach a gross revenue rate of Rs. 125-130crs by September 2020.

Daily Notifications as on 5th June 2020

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

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

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

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

Daily Notifications as on 4th June,2020

 

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

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

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

Daily Notifications as on 3rd June,2020

 

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

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

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

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

Daily Notifications as on 2nd June,2020

 

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

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

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

Advanced Enzyme Technologies Ltd June 2, 2020

Advanced Enzyme Technologies Ltd

Textiles
FV – Rs 2; 52wks H/L – 225/91.05; TTQ – 5528; CMP – Rs 153 (As On June 2, 2020);                     

            Market Cap – Rs 1712 Crs

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

 
Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
FY20 22.34 839 16 450 133 75 11.9 12.9 16.18 2.04 57.88
FY19 22.33 679 28 425 111 61 9.95 15.4 16.18 2.5 57.86
Q3 FY20 22.34 777 19 338 100 70 8.9 17.2 16.18 2.2 57.88

 

Debt to Equity – 0.02

ROE – 16%

Market Cap/Sales – 3.8

Overview:

  • Advanced Enzyme Technologies Limited (AETL) is a research driven company with global leadership in the manufacturing of enzymes and probiotics.
  • They are the largest Indian enzyme company, engaged in the research and development, manufacturing and marketing of 400+ proprietary products developed from over 68+ indigenous enzymes and probiotics.
  • The company is committed to providing eco-safe solutions to a wide variety of industries like human health care and nutrition, animal nutrition, baking, fruit & vegetable processing, brewing & malting, grain processing, protein modification, dairy processing, speciality applications, textile processing, leather processing, paper & pulp processing, bio-fuels, bio-mass processing, bio-catalysis, etc.
  • AETL comprises of four wholly owned direct subsidiaries, two subsidiaries (60% & 70%) and five step-down wholly owned subsidiaries
  • The company has 7 plants on operational basis in India and overseas.

Key Updates:

  • The company acquired in this quarter a land of 15 acre in Nasik and that they are building a modern R&D center and we are thinking about Rs.100 Crores in the next 3 years as a capital investment for the R&D center.
  • The company mentioned in the earning call of Q3 that they plan to grow at 15 – 20% on yoy basis.

 

Contribution to Revenue:

Segments 2020 % 2019 %
Human Nutrition 75 76
Animal Nutrition 12 12
Bio- Processing Segment 13 12
Total 100 100

 43% revenue is from India and 57% from Overseas.

 On the Operations front, capacity utilization is in the range of 52%-55%.

Geographical Revenue Split:

Revenue 2020 (%) 2019 (%)
Asia (ex- India) 6 4
Others 2 2
India 43 40
Europe 7 5
USA 42 49
Total 100 100

 

Management:

  • V. L. Rathi – Chairman
  • Beni Prasad Rauks – CFO

Major Holdings:

 

Subsidiaries Performance:

Subsidiaries Revenue PAT
(Rs. Crs)
Advanced Bio-Agro Tech Ltd 40 5.5
Advanced EnzyTech Solutions 9 0.5
JC Biotech Private Ltd 49 9.8
Advanced Supplementary Technologies Corporation 213 82
*Advanced Enzymes (Malaysia) Sdn. Bhd Trial basis -0.5
Advanced Enzymes Europe B.V. 17 -12
evoxx technologies GmbH 17 -6

* The said subsidiary was acquired in 2017 (incorporated in 2016) will be engaged in supplying and providing enzyme based solutions for extraction of palm oil from palm fruits.

 

Share Price Trend:

Price Snapshot:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2016 1210 2377 1161 1984
2017 2000 2225 244 276
2018 278 323 165 178
2019 180 225 142 165
2020 167 187 91 150

On 25th May 2017 there was a stock split of Rs 10/-to Rs 2/-

Risks:

  • Competiton Risk
  • Forex Risk
  • Customer Satisfaction
  • Duplicacy

 

 

 

 

Daily Notifications as on 1st June,2020

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

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

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

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

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

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

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

Daily Notifications as on 29th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200529-53

1. Scrip code : 539981
Name : Max India Ltd.
Subject : Board Meeting Intimation for Board Meeting On Monday, June 1, 2020,
To Take On Record The Sanction Of The Said Scheme By Hon”ble NCLT Mumbai Bench And To Declare The Scheme Effective From June 1, 2020 Max India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/06/2020 ,inter alia, to consider and approve Further to our communication dated September 4, 2019, we wish to inform you that the Company has received certified copy of the order issued by the Tribunal (NCLT), Mumbai in respect of sanctioning of the Composite Scheme of Amalgamation and Arrangement amongst Max India Limited, Max Healthcare Institute Limited, Radiant Life Care Private Limited and Advaita Allied Health Services Limited and their respective shareholders and Creditors (Scheme). In this regard, we wish to inform you that in accordance with the terms of the said Scheme, a meeting of Board of Directors of the Company is scheduled to be held on Monday, June 1, 2020, to take on record the sanction of the said Scheme by Hon”ble NCLT Mumbai Bench and to declare the scheme effective from June 1, 2020. Further, it is to inform you that at this meeting, the Board of Directors will also inter-alia consider the record date for determining the shareholders of Max India to whom shares will be allotted by two transferee Companies.

2. Scrip code : 533166
Name : Sundaram Multi Pap Ltd.
Subject : Updates On Certified Copy Order Of NCLT In The Matter Of Scheme Of Amalgamation Of E-Class Education System Limited (ECESL Or The Transferor Company) With Sundaram Multi Pap Limited (SMPL Or The Transferee Company) (‘Scheme’)
This is with reference to the observation letters bearing reference number DCS/AMAL/JR/R37/ 1471/2019-20 and NSE/LIST/20048 dated May 06, 2019 issued by BSE Limited and National Stock Exchange of India Limited regarding the Scheme which, inter alia, envisages amalgamation of E-Class Education System Limited (”ECESL” or ”Transferor Company”) a subsidiary of Sundaram Multi Pap Limited into Sundaram Multi Pap Limited (”SMPL” or ”Transferee Company”). We wish to inform you that the Hon’ble National Company Law Tribunal, Mumbai Bench has in the final hearing held on April 30, 2020 through online has sanctioned the aforesaid Scheme of Amalgamation of E-Class Education System Limited (ECESL or the Transferor Company) with Sundaram Multi Pap Limited (SMPL or the Transferee Company) (‘Scheme’). Certified copy of the Order passed by Hon’ble National Company Law Tribunal is enclosed herewith. Request you to take the same on your records and oblige.

3. Scrip code : 532281
Name : HCL Technologies Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Subject: Release – ‘HCL Technologies Announces Intent to Acquire Cisco’s SON Technology’ Dear Sir/ Madam, Enclosed please find a release on the captioned subject being issued by the Company today, along with a disclosure in terms of Regulation 30(4) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015

4. Scrip code : 540565
Name : India Grid Trust
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release – Mumbai, Friday, May 29, 2020: IndiGrid announces execution of share purchase agreement for acquisition of Jhajjar KT Transco Private Limited from Kalpataru Power Transmission Limited and Techno Electric & Engineering Company Limited

Daily Notifications as on 28th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200528-36

1. Scrip code : 539141
Name : UFO Moviez India Limite
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Ref. to our letter dtd. Dec 20, 2019 wherein we had informed that the Board of the Company on Dec 20, 2019 had approved an investment of upto Rs.20 crores by way of convertible instruments over a period of 3 years in Cinestaan Digital Private Limited (CDPL). Accordingly the Company had subscribed for 11,53,026 Compulsory Convertible Pref. Shares (CCPS) of Rs.40 each aggregating to Rs.4,61,21,040/-. The Company had also subscribed for 38,78,976 warrants of Re. 1 each, convertible into same number of equity shares of Re. 1 each of CDPL. We wish to inform you that the Company on May 27, 2020 has exercised 3,50,000 warrants by making payment of Rs.1,35,34,500/- @ Rs.38.67 per warrant. The board of CDPL on May 27 2020 has approved conversion of 3,50,000 warrants into 3,50,000 equity shares of CDPL. The board of CDPL on May 27 2020 also approved conversion of 11,53,026 CCPS into 11,62,618 equity shares of CDPL. Post the aforesaid conversions, the Company holds ~18.75% voting rights in CDPL.

2. Scrip code : 500878
Name : Ceat Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
In furtherance to the disclosures made by the Company on January 28, 2019, April 3, 2019 and March 16, 2020 on the captioned subject, we wish to update that, the Order dated March 13, 2020 of the National Company Law Tribunal, Mumbai Bench (”the NCLT”) sanctioning the Scheme of Amalgamation for the amalgamation of CEAT Specialty Tyres Limited (a wholly owned subsidiary of CEAT Limited) with CEAT Limited (‘the Scheme’) became accessible on the NCLT website on May 25, 2020. However, certified copy of the Order of the NCLT is still awaited.

3. Scrip code : 502986
Name : Vardhman Textiles Limted
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, we would like to inform you that the Board of Directors (‘Board’) of Vardhman Textiles Limited (‘VTL’ or ‘Company’) in its meeting held on 27th May, 2020 has approved, subject to necessary statutory and regulatory approvals under applicable laws, including approval of the National Company Law Tribunal(s), a Scheme of Amalgamation among VMT Spinning Company Limited (‘Transferor Company 1’) and Vardhman Nisshinbo Garments Company Limited (‘Transferor Company 2’) (‘Transferor Company 1 and Transferor Company 2 together referred to as the ‘Transferor Companies’) with and into the Vardhman Textiles Limited (‘Transferee Company’) and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 (hereinafter referred to as ‘Scheme’).

4. Scrip code : 539978
Name : Quess Corp Limited Page
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of additional 25% equity shares in Terrier Security Services (India) Private Limited (“TSSIPL”)