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Daily Bulletin (20th August, 2019)

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Daily Bulletin (20th August, 2019)

1. Scrip code : 504084
Name : Kaycee Industries Ltd
Subject : Announcement Under Regulation 30 Pertaining To Recommendation Of The Committee Of Independent Directors (IDC)On The Open Offer To The Shareholders.
Announcement is being made pursuant to Recommendation of the Committee of Independent Directors (IDC) on the Open Offer to the shareholders of Kaycee Industries Limited (The Target Company or TC) by Salzer Electronics Limited (Acquirer) for acquiring of 16,503 fully paid up Equity Shares of Rs.100/- each, constituting 26% of the Equity Share and Voting Capital of Target Company under Regulation 26(7) of SEBI (Substantial Acquisition of Shares & Takeovers ) Regulations, 2011 and subsequent amendments thereto (the “SEBI (SAST) Regulations )

2. Scrip code : 532720
Name : Mahindra & Mahindra Financial Services Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to the provisions of Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) read together with Para A of Part A of Schedule III of the Listing Regulations, we hereby inform you that the Company has signed a ‘Share Subscription, Share Purchase and Shareholders’ Agreement’ with Ideal Finance Limited (Sri Lanka) [‘Ideal Finance’] and its existing Shareholders and has agreed to subscribe/acquire up to 58.20% of the Equity Share Capital of Ideal Finance, in one or more tranches, for an amount not exceeding LKR 200.30 crores. Upon acquisition of the above stake, Ideal Finance will become a subsidiary of the Company. Enclosed please find a Press Release issued in this regard. The details as required under the Listing Regulations 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 : 509631
Name : HEG Ltd.
Subject : Announcement under Regulation 30 (LODR)-Change in Directorate Outcome of AGM held today is attached.

4. Scrip code : 541974
Name : Manorama Industries Limited
Subject : Announcement under Regulation 30 (LODR)-Change in Management Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors at their meeting held on August 19, 2019 have appointed the following persons as an additional Directors of the Company: 1. Mr. Shrey Ashish Saraf (DIN: 07907037) as an Additional Director, category (Executive, Non- Independant) Director on the Board of the Company w.e.f August 19, 2019 till the ensuing Annual General Meeting of the Company. 2. Mr. Jose Vailappallil Joseph (DIN: 08540226) as an Additional Director, Category (Non-Executive, Independant), w.e.f August 19, 2019 till the ensuing Annual General Meeting of the Company. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular no. CIR/CFD/CMD/4/2015, dated September 9, 2015 are enclosed as Annexure A.

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