Notifications, Scrip Scan

Daily Bulletin (12th February, 2020)

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Bulletin (12th February, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200212-54

 

1.Scrip code : 507944
Name : Bajaj Steel Industries Ltd.
Subject : Board approves Split / Sub-division of Equity Shares
Bajaj Steel Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2020, inter alia, has recommended the Split/Sub-division of shares of the Company from face Value of Rs. 10 (Rupees Ten) each to Face Value of Rs. 5 (Rupees Five) each, subject to the approval of members of the Company.

2.Scrip code : 500820
Name : Asian Paints Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We refer to our letter dated 22nd January, 2020, wherein the Company had informed the Stock Exchange(s) that the Board of Directors at their meeting held on 22nd January, 2020, had inter alia, approved the Scheme of amalgamation of Reno Chemicals Pharmaceuticals & Cosmetics Private Limited, wholly owned subsidiary of the Company (‘Transferor Company’) with the Company, subject to necessary statutory and regulatory approvals, including approval of the National Company Law Tribunal, Mumbai. Accordingly, we enclose the below mentioned documents for the purpose of disclosure: Certified True Copy of Scheme of amalgamation of Transferor Company with the Company. Certified True Copy of the Resolution passed by the Board of Directors of Asian Paints Limited at their meeting held on 22nd January, 2020, approving the aforesaid Scheme. This is for your information and record.

3.Scrip code : 526951
Name : Stylam Industries Limited
Subject : Intimation Under Regulation 30 Of Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulation 2015 Regarding Approval Of Scheme Of Amalgamation Of Golden Chem-Tech Limited (The Transferor Company) With Stylam Industries Limited (The Transferee Company) And Their Respective Shareholders, Under Sections 230 To 232 Of The Companies Act, 2013 (‘The Scheme’), Vide Its Order Dated February 11, 2020 By The Hon’Ble National Company Law Tribunal Bench At Chandigarh
We are pleased to inform you that Hon’ble Chandigarh Bench of the National Company Law Tribunal has conveyed its approval for the Scheme of Amalgamation of Golden Chem-Tech Limited (The Transferor Company) with Stylam Industries Limited (The Transferee Company) and their respective shareholders, under sections 230 to 232 of the Companies Act, 2013, vide its Order dated February 11, 2020.

4.Scrip code : 526582
Name : TPL Plastech Limited
Subject : Outcome Of Board Meeting Held On February 11, 2020
Pursuant to Regulation 30 and 33 of SEBI (LODR) Reg., 2015, we wish to inform you that the Board of Directors of TPL Plastech Limited at its meeting held on February 11, 2020, inter-alia, reviewed, considered and approved: 1. The Un-audited Financial Results (Standalone & Consolidated) for the Quarter and 9 months ended Dec. 31, 2019 and Limited Review Report thereon Annexure-A 2. Scheme of Amalgamation between Ecotech Green Lifecycle Ltd (‘Transferor Company’- wholly owned subsidiary) and TPL Plastech Ltd (‘Transferee Company’ Holding Company) as Annexure-B. 3.The Board has not approved the proposal for sub-division of equity shares of the Company therefore alteration in Memorandum of Association of the Company is not required.

5.Scrip code : 540975
Name : Aster DM Healthcare Limited
Subject : Regulatory Approval On The Ownership Structure In Emirate Of Dubai.
With reference to the captioned subject, we wish to inform that the Company received approval of the UAE Government to hold 100% legal ownership in the subsidiaries in Emirate of Dubai, which contributes majority of the GCC business. Earlier, as per UAE law requirements, nationals of the UAE were required to, directly or indirectly, be the legal/registered owners of at least 51% of the share capital of UAE companies and the foreign investors could not acquire more than 49% legal ownership. The Government of UAE has now granted approval of 100% ownership to foreign companies in approved sectors. Subsequently, the Government of UAE released the list of sectors which could hold 100% foreign ownership, in which Healthcare sector was also included. It is further clarified that this activity shall not result in any major cash outflow towards investment since the Company is already holding majority beneficial ownership in those subsidiaries. Kindly take the above said information on record

6.Scrip code : 524804
Name : Aurobindo Pharma Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to our earlier letter dated November 28, 2019 informing about entering into a definitive agreement to acquire certain business assets from Profectus BioSciences Inc., USA., a clinical-stage vaccine development company by Auro Vaccines LLC, 100% subsidiary of Aurobindo Pharma USA Inc., USA, which in turn is 100% subsidiary of the Company. In this regard, we would like to inform you that the aforesaid acquisition has been completed on February 11, 2020.

7.Scrip code : 524370
Name : Bodal Chemicals Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Bodal Chemicals Limited has informed the Exchange about Acquisition of Shares of Trion Chemicals Ltd and make Trion Chemicals Ltd wholly Owned Subsidiary of Bodal Chemicals Ltd

8.Scrip code : 500114
Name : Titan Company Limited
Subject : Clarification sought from Titan Company Ltd
The Exchange has sought clarification from Titan Company Ltd with respect to news article appearing on www.moneycontrol.com February 11, 2020 titled “Titan acquires HUG Innovations, launches smart watch”. The reply is awaited.

9.Scrip code : 542830
Name : Indian Railway Catering and Tourism Corporation Limited
Subject : Corporate Action-Board approves Dividend
Pursuant to Regulation 30 and 42 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, this is hereby informed that the Board of Directors of the company at the Meeting held today i.e. Wednesday, February 12, 2020 have declared an interim dividend at the rate of Rs.10/- per share , which is 100% of paid up share capital. Further, the Board of Directors have also fixed Tuesday, February 25, 2020 as the record date for the purpose of payment of dividend. Interim Dividend shall be paid/ dispatched from 2nd March 2020 onwards.

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]