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Daily Bulletin (16th October, 2019)

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Daily Bulletin (16th October, 2019)

1.Scrip code : 540738
Name : Shreeji Translogistics Limited
Subject : Outcome of Board Meeting
Kindly refer to our intimations dated 27th August, 2019 in respect of approval of the Board of Directors for issue of Bonus Shares, 29th September, 2019 in respect of approval of the shareholders for issue of Bonus Shares and 1st October, 2019 in respect of fixing of Record Date. In this regard, we further inform that the Board of Directors has, at its meeting held today i.e. Wednesday, 16th October, 2019, approved the allotment of 69,88,350 Equity Shares of Rs. 10/- each as fully paid bonus equity shares, to the members whose names appear in the Register of Members as on 15th October, 2019 i.e. Record Date fixed for this purpose, in the proportion of 2:1 i.e. 2 (Two) fully paid bonus equity shares of Rs. 10/- each for every 1 (One) fully paid equity share of Rs. 10/- each. Consequent to the aforesaid allotment, the paid up share capital of the Company stands increased to Rs. 10,48,25,250/- divided into 1,04,82,525 fully paid-up equity shares of Rs. 10/- each.

2.Scrip code : 514286
Name : Ashima Ltd
Subject : Board Meeting Intimation for Consideration Of The Draft Scheme Of Amalgamation And Arrangement.
ASHIMA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/10/2019 ,inter alia, to consider and approve the draft Scheme of Amalgamation and Arrangement of Ashima Dyecot Private Limited (‘ADPL’ or ‘Transferor Company’) with Ashima Limited (‘Company’ or ‘Transferee Company’) and any matters incidental thereto.

3.Scrip code : 539978
Name : Quess Corp Limited
Subject : Update On Acquisition Of Balance 49% Equity Shares In Trimax Smart Lnfraprojects Private Limited Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015.
This is in continuation to our letter dated 27th September, 2019 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We wish to inform you that Quess Corp Limited (‘Quess’) has signed the Settlement cum Share Purchase Agreement with Trimax Smart Infraprojects Private Limited (‘TSIPL’) and Trimax IT Infrastructure and Services Private Limited (‘Trimax IT’), giving effect to the following: 1.Acquisition of 49% stake in TSIPL for a consideration of Rs. 13 Crores. 2. TSIPL becoming 100% owner of rights to the escrow account, thereby securing the entire receivables from SCADL (Smart City Ahmedabad Development Limited). 3.Transfer of Smart City projects contract from Trimax IT in favour of TSIPL subject to approval from SCADL. 4.Relinquishment of rights in escrow by Trimax IT. Consequently, TSIPL has become a wholly owned subsidiary of Quess. Quess now has complete ownership of the amounts flowing into the escrow account.

4.Scrip code : 532822
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Sanction of the Scheme of Arrangement between the Company and its wholly owned subsidiary Vodafone Towers Limited (VTL), for transfer of Fiber Infrastructure Undertaking of the Company to VTL, by way of demerger.

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