Notifications, Scrip Scan

Daily Bulletin (25th June, 2019)

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

Daily Bulletin (25th June, 2019)

There are no current notifications of our companies on this date

1. Scrip code : 936204
Name : Dewan Housing Finance Corpn. Ltd.
Subject : Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
We wish to inform you that SEBI vide its letters 25th June, 2019 addressed to DPAMPL has granted its prior approval for proposed change in controlling interest of DPAMPL and for amendment in Trust Deed under the applicable provisions of SEBI (Mutual Funds) Regulations, 1996 subject to certain conditions.

2. Scrip code : 501455
Name : Greaves Cotton Ltd.
Subject : Record Date For Buyback Of Equity Shares
This has reference to our earlier letter dated May 2, 2019, informing the stock exchanges that the Board of Directors have approved the buyback of equity shares of the Company and also our letter dated June 25, 2019, informing the stock exchanges that the shareholders have approved the buyback of equity shares of the Company. We wish to inform you that pursuant to regulation 42(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and regulation 9(i) of SEBI (Buy-Back of Securities) Regulations, 2018, the Buyback Committee has fixed Friday, July 12, 2019 as the record date for the purpose of determining the entitlement and the names of the Equity Shareholders who shall be eligible to participate in the Buyback of the Company. Kindly take the same on record.

3. Scrip code : 508807
Name : IST Limited
Subject : ANNOUNCEMENT OF U/R 30. INTENT FOR SPLIT OF SHARES. Pursuant to regulation 30(2) of the Listing Regulation and for the information of all stakeholders, this is hereby informed that the management intends to Split the existing Equity Shares Capital of the Company from every 1 equity share of Rs. 10/- each into 2 equity shares of Rs. 5/- each, subject to approval of the shareholders and all such other necessary approvals of the statutory authorities, if any. The matter shall be placed before the Board of Directors at their forthcoming meeting.

4. Scrip code : 500234
Name : Kakatiya Cement Sugar & Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Disclosure received from Shri Veeraiah Pallempati, one of the promoters, regarding acquisition of 1,105 shares constituting 0.01% of the Company’s shares, we are enclosing the prescribed formats in terms of Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Form-C under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 duly submitted by Shri Veeraiah Pallempati.

5. Scrip code : 533179
Name : Persistent Systems Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Regulations’), we wish to inform you that the Company”s wholly owned subsidiary in Germany viz., Persistent Systems Germany GmbH has entered into a Share Purchase Agreement dated June 25, 2019 to acquire 100% share capital of Youperience GmbH, a Salesforce Certified Gold Partner in Germany. The acquisition is subject to customary closing conditions which are expected to be completed within 2 weeks. The Company will update on the closure of the transaction in due course. In this regard, please find enclosed an intimation and the details of the said acquisition as prescribed under Reg. 30(2) and (6) of the Regulations read with Schedule III to the Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

6. Scrip code : 506642
Name : Sadhana Nitrochem Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement Page
With reference to intimation to Bombay Stock Exchange dated 08th August, 2019 and pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 it is hereby informed that the Hon”ble National Company Law Tribunal (NCLT), Mumbai Bench, Mumbai vide its order dated 09th May, 2019 has approved the scheme of Merger by Absorption of Strix Wireless Private Limited (Transferor Company) with Sadhana Nitro Chem Limited (Transferee Company), pursuant to sections 230 to 234 and other applicable provisions of the Companies Act, 2013. Copy of the Final Order as issued by NCLT is attached herewith for your reference. Kindly take the same on record.

7. Scrip code : 532663
Name : Sasken Technologies Limited
Subject : Corporate Action-Intimation of Buy back
With reference to captioned subject, please find enclosed herewith the Draft Letter of Offer for proposed Buy-back of up to 20,59,243 (Twenty Lakhs Fifty Nine Thousand Two Hundred Forty Three only) fully Paid up Equity Shares of face value of Rs. 10/- each which represents 12.04% of the total Equity Shares of the Company, at a price of Rs.825 (Rupees Eight Hundred Twenty Five Only) per Equity Share payable in cash for an aggregate amount not exceeding Rs.16,988.76 lakhs from Equity Shareholders / beneficial owners of the Equity Shares of the Company as on Record Date, i.e., July 5, 2019 on a proportionate basis through the Tender Offer process using Stock Exchange Mechanism.

8. Scrip code : 512070
Name : UPL Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We would like to inform you that UPL Limited had made an announcement to the stock exchange on 10 May 2019 regarding its equity investment of Rs. 1,99,99,283 (‘Equity Investment’), and investment of Rs. 7,25,00,000 for subscribing to optionally convertible debentures (‘OCDs’) in All Fresh Supply Management Private Limited (‘Company’), subject to closing conditions being met. Now on closing, UPL has, through the Equity Investment, acquired 7.32% shareholding in the Company. In addition, on closing, UPL Limited has also acquired OCDs which can be converted into equity shares in future, at a pre-determined formula, based on the Company’s performance and in accordance with the share subscription agreement of 10 May 2019. We would like to inform that this transaction has closed on June 25, 2019. May we request you to take the same on your record and inform all your constituents accordingly.

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