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Daily Bulletin (12th April, 2022)

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Daily Bulletin (12th April, 2022)

Daily Bulletin (12th April, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220412-40

Scrip code : 540615

Name : 7NR Retail Limited

Subject : Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. 11Th April, 2022

1.Considered and approved issue of 12,86,45,000 Equity Shares of face value of Rs. 1/- at issue price of Rs. 1.80/- per equity share including premium of Rs. 0.80/- per equity share aggregating of Rs. 23,15,61,000/- to all existing member of the Company on rights (right issue) aforesaid right comes in effect post preferential issue. The brief term of right issue is approved by Board is annexure herewith as Annexure – I 2. Considered and approved the formation of a committee of Directors to decide matters relating to the Rights Issue (‘Rights Issue Committee’) which includes, inter alia, to decide or alter the treatment to be given to fractional entitlements, if any to make any applications to the regulatory authorities as may be required, determine the terms and conditions of the Right Issue including structure and timing of the issue. 3. Considered and approved appointment of Ms. Prachi Chobisa as the Company Secretary and Compliance Officer of the Company w.e.f. 11th April, 2022.

 

Scrip code : 533573

Name : ALEMBIC PHARMACEUTICALS LIMITED

Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release

With reference to the captioned subject, this is to inform the exchange that the Company’s wholly owned subsidiary, Aleor Dermaceuticals Limited has received US Food and Drug Administration (USFDA) Final Approval for Lidocaine and Prilocaine Cream USP, 2.5%/2.5%. Please find enclosed herewith our press release. We request you to kindly take the same on record.

 

Scrip code : 532700

Name : Entertainment Network (India) Ltd

Subject : Licensing Arrangement

The Company’s subsidiary – Entertainment Network LLC has entered into a Brand and Content Licensing arrangement with Dallas – US based radio broadcaster – FA Radio International LLC (‘FA Radio’) to use the Company’s trademarks and content. FA Radio operates Hindi/ Urdu language radio station currently branded as ‘Azad FM’. It will now be rebranded as ‘Mirchi’ on mutually agreeable terms and conditions. The Brand and Content licensing arrangement does not currently involve any financial commitments by the Company and will not have any immediate material impact on the Company’s financials.

 

Scrip code : 543386

Name : Fino Payments Bank Limited

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of Listing Regulations, we would like to inform you that the Board of Directors of Fino Payments Bank Limited (‘the Bank’) at its meeting held on Sunday, April 10, 2022 and continued on April 11, 2022 has inter-alia considered and approved the proposal to invest by way of subscription of 12.19% shareholding of Paysprint Private Limited. The details required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 in relation to the aforesaid investment will be intimated to the stock exchanges upon finalization of terms and conditions and completion of all formalities. The Board Meeting commenced at 10.30 a.m. on April 10, 2022 and continued and resume at 8.00 p.m. on April 11, 2022 and concluded at 9.10 p.m. on April 11, 2022. This information is also available on the website of the Bank i.e. www.finobank.com Kindly take the same on record.

 

Scrip code : 513097

Name : Shivalik Bimetal Controls Ltd.,

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Regulation’), we would like to inform that the Company has signed an agreement(s): a)To purchase the 50% shareholding from the joint venture partner, PortWest Corporation (Formerly known as Checon Corporation USA) in Shivalik Engineered Products Private Limited Checon Shivalik Contact Solutions Private Limited (CSCS), consequent to which ‘CSCS’ will become a wholly owned subsidiary of the Company. b)To purchase the 55% shareholding from the associate partners, Ultra Portfolio Management Private Limited and O D Finance and Investment Private Limited in Shivalik Bimetal Engineers Private Limited (SBEPL), consequent to which ‘SBEPL’ will become a wholly owned subsidiary of the Company.

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