Daily Bulletin (7th January, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200107-50

1.Scrip code : 500510
Name : Larsen & Toubro Limited
Subject : Board Meeting Intimation for Consideration Of Unaudited Financial Results For The Quarter And Nine Months Period Ended 31St December 2019.
LARSEN & TOUBRO LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/01/2020 ,inter alia, to consider and approve Pursuant to Regulation 29(1) (a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a Meeting of the Board of Directors of the Company will be held on Wednesday, 22nd January 2020 inter-alia, to consider and approve the unaudited financial results of the Company for the quarter and nine months period ended 31st December 2019. Further the Company confirms that as per the Company”s internal Code for Prevention of Insider Trading, the trading window for dealing in the securities of the Company is closed for the Company”s Directors/Officers and designated employees of the Company from January 1, 2020 till 48 hours after the announcement of financials results, i.e. upto January 24, 2020.

2.Scrip code : 531225
Name : XTGLOBAL INFOTECH LIMITED
Subject : Board Meeting Intimation for To Consider Allotment Of Equity Shares On Preferential Basis Towards Further Acquisition Of Stake In Xenosoft Technologies (India) Private Limited By Way Of Swap Of Shares And Private Placement Of Equity Shares To Specified Persons
Xtglobal Infotech Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/01/2020 ,inter alia, to consider and approve 1. To note and Consider the Valuation Report of the Company 2. To consider and plan for raising of funds through issue of equity shares of the Company on Private Placement basis. 3. To consider further acquisition of stake in Xenosoft Technologies (India) Private Limited by way of swap of shares through preferential allotment as per the valuation reports of both the Companies. 4. To consider and discuss about increase in the limits applicable for making investments / extending loans and giving guarantees or providing securities in connection with loans to Bodies Corporate or investment in other entities. 5. To finalise the Day, Date, Time and Venue for convening Extraordinary General Meeting of the members of the Company for approval of members for the above agendas. 6. To finalise notice of Extraordinary General Meeting and to authorise someone for conducting EGM and perform all the needful in this regard. 7. General discussion about other matters as per the agenda

3.Scrip code : 540727
Name : Poojawestern Metaliks Limited
Subject : Outcome Of Board Meeting Held On Today I.E. On January 06, 2020, In Terms Of Second Proviso To Regulation 30(6) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
In reference to captioned subject, we hereby inform you that the Board of Directors of the Company, in their Board Meeting held on today, i.e. on January 06, 2020, at the Registered office of the Company, which was commenced at 05:30 P.M. and concluded at 06:05 P.M., have considered and approved Allotment of 5071000 equity shares of Rs.10/- each fully paid up bonus equity shares in the ratio of 1:1 (One equity share of Rs.10/- each fully paid up for every one existing equity share of Rs.10/- each fully paid-up) to the eligible equity shareholders of the company whose names appear in the Register of Members maintained by the Company’s Registrar and Share Transfer Agent/List of Beneficial owners received from the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as on January 04, 2020, being the record date fixed for this purpose.

Sathavahana Ispat Ltd

Sathavahana Ispat Ltd
Iron & Steel/ Interm.Products

FV – Rs 10; 52wks H/L –
10.45/1.3; TTQ – 25 K; CMP (January 6, 2020) – Rs 2.8;

Market Cap – Rs 14.35 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

 Particulars Equity Capital Net worth Debt Total
Sales
PAT BV
(Rs)
EPS (Rs) P/E Industry
P/E
P/BV Promoter’s
Stake
FY19 50.9 -375 816 507 -228 -45 9.15 36.63
H1 FY20 50.9 -537 828 184 -162 -32 9.15 36.63

 

Sathavahana Ispat has entered into an Operation, Maintenance and Management Agreement with Jindal Saw. Under the agreement, Jindal Saw has agreed to operate, maintain and manage the manufacturing facilities of Sathavahana Ispat for a period of 3 years which may be extended for a maximum period of 10 years subject to certain conditions as provided in the Agreement. (https://www.business-standard.com/article/news-cm/sathavahana-ispat-signs-agreement-with-jindal-saw-119080200901_1.html)

Overview:

SIL is primarily engaged in the manufacture and sale of

  1. Pig Iron with a rated capacity of 210,000 tpa
  2. Metallurgical Coke with a rated capacity of 450,000 tpa and
  3. Co-generation cum thermal power of 50 MW.
  4. Ductile Iron Pipe 210,000tpa

As a backward integration, SIL has set up a 2,98,800 tonns per annum sinter plant and 30Mw captive thermal power plant and as a forward integration has setup a 210000 tonns per annum Ductile Iron making plant.

SIL at present is having two manufacturing units in India at the following locations:

  1. Pig Iron manufacture with captive Co-generation Power:Haresamudram Village, Bommanahal Mandal,
    Anantapur District, Andhra Pradesh, India.
  2. Metallurgical Coke and Co-generation Power:

Kudithini village, Korugodu Road,
Bellary District, Karnataka, India.

Management:

  • A. Naresh Kumar – MD
  • K Thanu Pillai – Chairman
  •  VSRK Hanuman – CFO

 

The Equity Capital is @ Rs 50.9 Crs consisting of 50900000 equity Shares of FV Rs 10 currently held as under

Major Non – Promoter Holdings:

Non – Promoters No. of shares held % of shares held
PLUTUS TERRA INDIA FUND 4954600 9.73
Heshika Growth Fund 4272811 8.39

 

Production & Sales: (FY19)

The performance during the year was impacted adversely due to factors beyond the control of the Company. The performance suffered due to working capital constraints and the consequent financial stress which resulted in underutilization of capacities and plant shut downs.

 

 

 

Quarterly Segmented Results:

Daily Bulletin (6th January, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200106-34

1.Scrip code : 524348
Name : Aarti Drugs Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
This is to inform you that Company has incorporated a Wholly Owned Subsidiary (WOS) Company namely ‘Pinnacle Life Science LLC’ registered with International Free Zone Authority, Fujairah at United Arab Emirates (U.A.E.) on January 5, 2020.

2.Scrip code : 539254
Name : Adani Transmission Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Intimation of Incorporation of a Step down Subsidiary Company – Adani Electricity Mumbai Infra Limited.

Daily Bulletin (3rd January, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200103-46

1.Scrip code : 532921
Name : Adani Ports and Special Economic Zone Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of 75% stake of Krishnapatnam Port Company Limited

2.Scrip code : 533068
Name : Arrow Textiles Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Approval of the Scheme of Amalgamation of Arrow Textiles Limited (‘First Transferor Company’) and MMG India Private Limited (‘Second Transferor Company’) with Delta Magnets Limited (‘Transferee Company’) and their respective shareholders under sections 230 to 232 of the Companies Act, 2013 (‘the Scheme’) by the Hon’ble National Company Law Tribunal, Mumbai Bench

3.Scrip code : 542669
Name : BMW INDUSTRIES LIMITED
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
Scheme of Merger of BMW Iron and Steel Industries Limited and Nippon Cryo Private Limited ( both step down Wholly owned subsidiaries of BMW Industries Limited ) with BMW Industries Limited ( ‘The Company’)

Daily Bulletin (2nd January, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200102-44

1.Scrip code : 504286
Name : Delta Magnets Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Approval of the Scheme of Amalgamation of Arrow Textiles Limited (‘First Transferor Company’) and MMG India Private Limited (‘Second Transferor Company’) with Delta Magnets Limited (‘Transferee Company’) and their respective shareholders under sections 230 to 232 of the Companies Act, 2013 (‘the Scheme’) by the Hon’ble National Company Law Tribunal, Mumbai Bench

Daily Bulletin (1st January, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200101-33

1.Scrip code : 532605
Name : JBM Auto Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
With reference to our earlier letter no. JBMA/SEC/2019-20/31 dated 21%t December, 2019, this is to inform you that merger of JBM Auto System Private Limited (Transferor Company No. 1) and JBM MA Automotive Private Limited (Transferor Company No. 2) with the JBM Auto Limited (‘Transferee Company’) is effective w.e.f. today i.e. 1% January, 2020. Now onwards, JBM Auto Limited will be a merged entity. The complete disclosure is attached herewith.

2.Scrip code : 523756
Name : SREI Infrastructure Finance limited
Subject : Issue And Allotment Of 1,93,56,415 Equity Shares Of Rs. 10/- Each Fully Paid Up Of Srei Equipment Finance Limited, Wholly Owned Subsidiary Company To Srei Infrastructure Finance Limited (‘The Company’)
Issue and Allotment of 1,93,56,415 Equity Shares of Rs. 10/- each fully paid up of Srei Equipment Finance Limited, wholly owned subsidiary Company to Srei Infrastructure Finance Limited (‘the Company’)

3.Scrip code : 532540
Name : Tata Consultancy Services Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Extreme Networks Partners with TCS to Successfully Transform and Future-proof its HR Function

Daily Bulletin (27th December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191227-38

1.Scrip code : 508954
Name : Finkurve Financial Services Limited
Subject : Announcement under Regulation 30 (LODR)-Preferential Issue
Pursuant to Regulation 30 read with Schedule III Part A Para A (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Members have approved the Preferential Issue of Equity Shares at their meeting held on today i.e. 27th December, 2019. The details of the same are mentioned in the letter attached.

2.Scrip code : 542772
Name : IIFL Wealth Management Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Company hereby submits the following: i.IIFL Wealth Advisors (India) Limited, the Transferor Company, a wholly owned subsidiary of IIFL Wealth Management Limited(‘Company’ or ‘Transferee Company’) had filed a Scheme of Amalgamation seeking sanction of the Chennai Bench and Mumbai Bench of the National Company Law Tribunal, respectively, wherein it was proposed to amalgamate the Transferor Company with the Transferee Company; ii.The Transferor Company and the Company have received the copies of the final order from the Chennai Bench and Mumbai Bench of the National Company Law Tribunal, respectively;and iii.Subsequent to the above, the Company and the Transferor Company have filed requisite forms with the Registrar of Companies to make the Scheme effective today i.e.December 27, 2019. Accordingly,IIFL Wealth Advisors (India) Limited stands amalgamated with IIFL Wealth Management Limited, effective today i.e.December 27, 2019; We request you to kindly take this intimation on record.

3.Scrip code : 500800
Name : Tata Global Beverages Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Joint Venture
Dear Sir/Madam, This is with respect to the JVA dated October 28, 2010 between PIH and the Company regarding the Joint Venture namely NourishCo Beverages Limited (NCBL). NCBL is engaged in the marketing and distribution of branded products like Tata Gluco Plus, Tata Water Plus and Himalayan, within the liquid beverage category. Both the JV partners have agreed to revise the terms of the JVA such that the date for reviewing various options for the business of NCBL be extended from December 31, 2019 to June 30, 2020. This is for your information and records.

4.Scrip code : 532505
Name : UCO Bank
Subject : Announcement under Regulation 30 (LODR)-Preferential Issue
Govt. has conveyed their sanction for release of Rs.2142 crore towards contribution of the central Govt. in the preferential allotment of equity shares .

Daily Bulletin (26th December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191226-41

1.Scrip code : 500493
Name : Bharat Forge Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Intimation regarding Incorporation of Wholly-Owned Subsidiary of the Company in Indapur by the name Kalyani Centre for Precision Technology Limited.

2.Scrip code : 500469
Name : Federal Bank Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Acquisition of shares of KIFML In compliance to Regulation 30 of Listing Regulations, we wish to inform that Board has approved an investment of Rs.22 Lakhs in Kerala Infrastructure Fund Management Ltd. (KIFML) which is more than 5% of the Paid Up Capital of KIFML.

3.Scrip code : 540768
Name : Mahindra Logistics Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
In continuation to our intimation dated 29 Jan 2019, for extension of indicative timeline for completion of purchase of 22,500 (0.952%) equity shares of Lords Freight (India) Private Limited (‘Lords’), Subsidiary Company from an existing shareholder of Lords, upto 31-Dec-2019, we hereby inform you that the said purchase of 22,500(0.952%) equity shares of Lords could not be completed on account of certain transactional & health issues at the Transferor’s end.Given the situation,it is difficult to ascertain an indicative timeline for completion of the purchase formalities of the balance 0.952% of Lords & consummation of the transaction. The Company continues to pursue the purchase of the said equity shares & shall make necessary disclosures, from time to time,for updating the indicative timeline for completion of the transaction in compliance with Regulation 30 & other applicable provisions of the Listing Regulations. Detailed disclosure in this regard is attached herewith for records.

4.Scrip code : 540727
Name : Poojawestern Metaliks Limited
Subject : Corporate Action- Fixes Record Date For Issuance Of Bonus Shares
This is further to our letter dated November 26, 2019 intimating the Issue of Bonus Shares, which was subject to approval of the shareholders. Pursuant to Regulation 42(2) & (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and up on the approval by the Shareholders of the Company, this is to inform that the Company has fixed Saturday, January 4, 2020 as the record date for the purpose of ascertaining the eligibility of shareholders for Issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs. 10/- each for every one existing equity share of Rs. 10/- each held. This is in compliance of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Daily Bulletin (24th December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191224-42

1.Scrip code : 506414
Name : FERMENTA BIOTECH LIMITED
Subject : Board recommends Bonus Issue
Fermenta Biotech Ltd has informed BSE that the Board of Directors of the Company (‘Board’) at its meeting held on December 24, 2019 has, inter alia, approved the following: – Bonus: Subject to the approval of the members of the Company, the Board has recommended issue of Bonus equity shares (‘Bonus shares’) in the proportion of 2:1 i.e. 2 (Two) new fully paid-up equity share of Rs. 5/- (Rupees Five only) each for every 1 (One) existing fully paid-up equity share of Rs. 5/- (Rupees Five only) each held by the members.

2.Scrip code : 540737
Name : Shree Ganesh Remedies Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Board Members in their meeting held on today i.e. 24th of December 2019, considered and approved to acquire, Ashok Pharma Chem, a partnership firm engaged in manufacturing of Pharmaceutical intermediate products.

Daily Bulletin (23rd December, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191223-29

1.Scrip code : 532605
Name : JBM Auto Limited
Subject : Board Meeting Intimation for Intimation Of Board Meeting, Primarily, To Consider And Take On Records The Orders Passed By Hon’Ble NCLT Delhi And Mumbai Approving The Scheme Of Amalgamation
JBM AUTO LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/12/2019 ,inter alia, to consider and approve Sir / Madam, This is to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 24° December, 2019, primarily, to consider and take on records the orders passed by Hon’ble National Company Law Tribunal – Delhi and Hon’ble National Company Law Tribunal – Mumbai dated 14** June, 2019 and 25* October, 2019 respectively approving the scheme of Amalgamation of JBM Auto System Private Limited and JBM MA Automotive Private Limited with the Company JBM Auto Limited and other matters relating there to. Further, as per the “Code of Conduct for Prevention of Insider Trading” of the Company, the ‘Trading Window’ for trading in the securities of the Company shall be closed for Directors, KMPs, Promoters & Promoters Group and Designated Persons etc. covered under the said code from 21%t December, 2019 and will end 48 hours after the outcomes of the Board Meeting are made available to the public. Please take it on your record.

2.Scrip code : 533148
Name : JSW Energy Limited
Subject : Announcement under Regulation 30 (LODR)-Restructuring
Vide our Press Release dated 30th January, 2019, we had informed you that for optimal corporate holding structure and better operational control, the Board had approved the transfer of its 100% subsidiary, JSW Energy (Kutehr) Limited, to JSW Hydro Energy Limited. We now wish to inform you that the transfer has been completed and JSW Energy (Kutehr) Limited has become a wholly owned subsidiary of JSW Hydro Energy Limited.

3.Scrip code : 524654
Name : Natural Capsules Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Outcome of Board Meeting held on 21st December, 2019 pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015: In accordance with Regulation 30, read with Schedule III, Part A, Para B, Clause 2 & 5 of SEBI (Listing Obligations & Disclosure Requirements)Regulations, 2015 and Annexure 1 of SEBI circular CIR/CFD/CMD/4/2015 dated September, 9 2015, we wish to inform you that the Board of Directors at their meeting held today i.e. 21.12.2019, have approved Company’s proposal to acquire new business. Natural capsules to acquire API business of Naari Pharma Private Limited Strategic Rationale for Diversification.

4.Scrip code : 530759
Name : Sterling Tools Ltd.
Subject : Announcement under Regulation 30 (LODR)-Joint Venture
This is to inform you that the Company has entered into a Joint Venture (JV) Agreement with Jiangsu Gtake Electric Company Limited, a China based Company. The two companies have agreed to join hands to provide the Indian Electric Vehicle OEM’s with best in class MCUs. The agreement calls for the companies to manufacture MCU’s domestically to cater to the Indian automotive market by developing local design engineering, application support and after sales service capabilities as per the requirements of the Indian industry.

5.Scrip code : 539141
Name : UFO Moviez India Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
As part of the focus on data analytics towards enhancing -the business of cinema, the Company has identified a promising opportunity in Cinestaan Digital Pvt Limited (CDPL), a company promoted by Mr. Rohit Khattar.Its flagship product Cinestaan.com, an entertainment focussed destination, has a massive database of Indian cinema. CDPL”s initiatives are synergetic with the Company”s, in expanding product offerings in Tier II and Tier Ill towns. CDPL too shall benefit immensely from the Company”s footprint and movie related intelligence.The management of the Company believes that the proposed transaction synergizes both businesses to create a wining proposition in the market. The Board of Directors of the Company at its meeting held on December 20, 2019 has inter alia approved an investment of up to Rs 20 crores by way of convertible instruments over a period of three years in CDPL.The details of the proposed transaction is as per the attached file. Kindly take the same on your records.

6.Scrip code : 540145
Name : Valiant Organics Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Incorporation of Wholly Owned Subsidiary (WOS) Company namely Valiant Speciality Chemical Limited