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Daily Bulletin (26th September, 2019)

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Daily Bulletin (26th September, 2019)

1.Scrip code : 542597
Name : MSTC Limited
Subject : Shareholder Meeting / Postal Ballot-Outcome of AGM
This is to inform you that 54th AGM of MSTC Limited was held on September 25, 2019 from 11.00 am to 12.30 pm at Hall no.6, ( Auditorium at level 1), Biswa Bangla Convention Centre, Biswa Bangla Sarani, DG Block, New Town, Action Area-1, Kolkata-700 0156, West Bengal. In this regard, enclosed please find: a) Voting Results of the business transacted at the AGM of the Company as required under Regulation 44 of the SEBI (LODR) Regulations, 2015, as Annexure-A. b) The Scrutinizer”s Report dated 25th Sep 2019, pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 – Annexure B.

2.Scrip code : 532832
Name : Indiabulls Real Estate Limited
Subject : Update On Proposed Divestment
In furtherance to intimation dt 10.09.2019 pls be informed that the Company has divested its remaining stake in existing JV Cos Yashita Buildcon Ltd and Ashkit Properties Ltd (both owning assets at Udyog Vihar Gurgaon) and its certain subsidiaries in Indiabulls Properties P Ltd and Indiabulls Real Estate Co P Ltd (both owning assets at Lower Parel, Mumbai) to the entities controlled by the Blackstone Group Inc (Blackstone). With the receipt of sale consideration & satisfaction of closing conditions, the divestment of these assets got concluded today at an aggregate equity value of approx Rs 2717 Cr. This has generated significant financial resources for the Company towards achieving its goal of ZERO net debt in current FY. Further the Company & its subs are also in the process of finalization of definite agreements with Blackstone for proposed divestment of stake in commercial assets/development at Worli Mumbai, rights/stake in KG Marg New Delhi and Sector 104 & Sector 106 Gurgaon.

3.Scrip code : 500770
Name : Tata Chemicals Ltd
Subject : Notice Of The Meeting Of Equity Shareholders Of Tata Chemicals Limited Convened Pursuant To The Directions Of The Hon”ble National Company Law Tribunal, Mumbai Bench.
In accordance with the Order of Hon’ble NCLT dated September 11, 2019, passed in the CA No 3029 of 2019, a Meeting of the Equity Shareholders of the Company has been convened on Wednesday, October 30, 2019 at 3.00 p.m. (IST) at Walchand Hirachand Hall, 4th Floor, Indian Merchants’ Chamber Building, IMC Marg, Churchgate, Mumbai 400 020 to consider, and if thought fit, to approve, with or without modification(s), the Scheme of Arrangement between Tata Chemicals Limited and Tata Global Beverages Limited (‘Resulting Company’) and their respective shareholders and creditors (‘Scheme’) for the demerger of the Consumer Products Business (as defined in the Scheme) of the Company to the Resulting Company. We hereby enclose a copy of the following: i. Notice convening the Meeting along with the Explanatory Statement and other Annexures being sent to the Shareholders; and ii. Notice to the unsecured creditors inviting representations, if any.

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