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Daily Bulletin (4th February, 2020)

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

Daily Bulletin (4th February, 2020)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200204-51

1.Scrip code : 507944
Name : Bajaj Steel Industries Ltd.
Subject : Board to consider Sub-division of Equity Shares Bajaj Steel Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 12, 2020, inter alia, to consider the following; 1. To consider and approve the Unaudited Standalone and Consolidated Financial Results for the Third Quarter & Nine Months ended as on December 31, 2019; 2. To consider and recommend Sub-division/Split of the Equity Share(s) of the Company.

2.Scrip code : 532994
Name : Archidply Industries Limited
Subject : Fixation Of Record Date On Account Of Scheme Of Arrangement
Between Archidply Industries Limited (AIL) (Demerged Company) And Archidply Decor Limited (ADL) (The Resulting Company). Sanctioned By Hon’Ble National Company Law Tribunal, Allahabad Bench, Allahabad The Board of Directors of the Company have proposed to fix the record date of Friday the 14th February, 2020 for the purpose of reckoning names of the Equity shareholders of Archidply Industries Limited, the Demerged Company (AIL), who shall be entitled to receive shares of Archidply Décor Limited, the Resulting Company (ADL) in the ratio of one (1) new Equity share of the Resulting Company(ADL) of the face value of Rs.10/- each fully paid up for every four (4) Equity Shares of the face value of Rs. 10 /- each fully paid up held by him / her / it in the Demerged Company (AIL), pursuant to the Order dated 8th January, 2020 of the Hon’ble National Company Law Tribunal, Allahabad Bench, Allahabad sanctioning the Scheme of Arrangement for Demerger.

3.Scrip code : 512329
Name : Kintech Renewables Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Dear Sir / Madam, With reference to our earlier intimation letter dated 28th May, 2019, 11th June, 2019 and 25th December, 2019 regarding proposed amalgamation of Divine Windfarm Private Limited, a Wholly-owned subsidiary of the company with Kintech Renewables Limited , we wish to inform you that the National Company Law Tribunal Bench at Ahmedabad has pronounced order dated 30/01/2020 approving the Scheme of Arrangement in nature of Amalgamation of Divine Windfarm Private Limited ( a wholly-owned subsidiary) with Kintech Renewables Limited (Holding Company). The said order is enclosed herewith for your reference and records. Further, the company is in process of applying the certified true copy of the order with the National Company Law Tribunal Bench at Ahmedabad. Kindly take the note on your records. Thanking you,

4.Scrip code : 532955
Name : REC LIMITED
Subject : Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015.
This is to inform that in line with in-principle approval accorded by the Ministry of Power vide letter dated 11th November, 2019, the Board of Directors of REC in its Meeting held on 4th February, 2020 inter-alia approved the Scheme of Amalgamation of both wholly owned subsidiaries of the Company viz. REC Transmission Projects Company Limited (‘Transferor Company’) and REC Power Distribution Company Limited (‘Transferee Company’), subject to requisite approvals/sanctions of the shareholders/creditors of the transferor & transferee companies, Central Government and such other authority(ies), as may be required.

5.Scrip code : 500295
Name : Vedanta Limited
Subject : Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements Regulations, 2015 (”Listing Regulations”)
Vedanta Limited had pursuant to the Resolution Plan approved by Hon’ble National Company Law Tribunal, Kolkata Bench dated April 17, 2018 acquired Electrosteel Steels Limited (ESL), through its wholly-owned subsidiary, Vedanta Star Limited (VSL), with effect from June 4, 2018. We wish to inform that the Hon’ble National Company Law Tribunal, Kolkata Bench vide its Order dated January 31, 2020 has approved the Scheme of Amalgamation of VSL with ESL. Post the amalgamation becoming effective, Vedanta Limited will directly hold 95.48% in ESL. The acquisition of ESL fits into Vedanta’s strategy of forward integration; complementing the existing iron ore set-up as well as mines in Jharkhand. The business has seen a complete turnaround since its takeover with the combination of right people, higher volumes and better cost control leading to a visible positive change. This positions ESL to become a significant player in the Indian Steel Sector. Request you to kindly take the same on record.

6.Scrip code : 542399
Name : Chalet Hotels Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With ref to Reg 30 and further to our ltr dt 17.01.20 (enclosed) and in compliance with Reg 30,and pursuant to Share Purchase Agreement(SPA) as referred to in our above communication dt 17.01.20, we inform that: (a) the existing shareholders of Belaire Hotels Pvt Ltd(BHPL) have transferred 100% of equity shares and 100% of zero coupon fully compulsorily convertible debentures in BHPL to the Company (b) the Company has paid complete cash consideration (with adjustments as on completion date in terms of the SPA)of Rs.1193.32 Mn, for the acquisition of 100% equity shares and 100% of zero coupon fully compulsorily convertible debentures of BHPL & (c) the Company shall also be acquiring of 100% of the equity shares of Seapearl Hotels Pvt Ltd(SHPL)& 100% of zero coupon fully compulsorily convertible debentures for a complete cash consideration(with adjustments as on completion date in terms of SPA) of Rs.574.68 Mn Consequent to above BHPL has become a wholly owned subsidiary of the Company.

7.Scrip code : 506395
Name : Coromandel International Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Vide our letter dated January 31, 2020, we had informed you about the approval of the Board of Directors of the Company for the acquisition of 50,00,000 equity shares of Rs. 10/- each constituting 50% of the total share capital of Coromandel SQM (India) Private Limited, a joint venture between the Company and Soquimich European Holdings BV. In this connection, the disclosure required under Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed. We request you to acknowledge and take it on your record.

8.Scrip code : 539658
Name : TeamLease Services Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Intimation on acquisition of additional 21.24 % stake in I.M.S.I. Staffing Private Limited by TeamLease Services Limited on February 03, 2020

9.Scrip code : 500510
Name : Larsen & Toubro Limited
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
L&T Construction awarded (Large*) contract for Freight Facilities Package of Etihad Rail network Stage-2 in UAE

10.Scrip code : 956840
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
We attach a copy of the media release titled, ‘NEW PRODUCTION FROM KG D6 PROJECT ON TRACK TO START BY MID-2020 ENHANCING THE UTILISATION OF EXISTING INFRASTRUCTURE’.

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