Notifications, Scrip Scan

Daily Bulletin (6th March, 2020)

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

Daily Bulletin (6th March, 2020)

1.Scrip code : 540108
Name : Tiaan Ayurvedic & Herbs Limited
Subject : Corporate Action-Board recommends Bonus Issue
The Board of Directors of the company have approved and recommended the issuance of fully paid up bonus equity shares in the ratio of 1:4, subject to the approval of Shareholders at the ensuing EOGM. The Board has decided to meet again to approve the Notice of EOGM and finalize the Record date for the Issue of Bonus Shares.

2.Scrip code : 530235
Name : KJMC Financial Services Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We are pleased to inform you that the Mumbai Bench of the Hon’ble National Company Law Tribunal (NCLT) vide its Order dated March 03, 2020 has granted approval for the Scheme of Amalgamation of KJMC Asset Management Company Limited (‘the First Transferor Company’) and KJMC Investment Trust Company Limited (‘the Second Transferor Company’) with KJMC Financial Services Limited (‘the Transferee Company’) and their respective shareholders (“Scheme”), under Sections 230 to 232 of Companies Act, 2013. The Appointed date for the said Scheme of Amalgamation is April 1, 2018. The order of the Hon’ble National Company Law Tribunal, Mumbai Bench was uploaded on the NCLT’s website on March 05, 2020. A copy of this disclosure is being uploaded on the Company website at We request you to kindly take the above information on record.

3.Scrip code : 542752
Name : Affle (India) Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Further to our letter dated February 28, 2020, we are pleased to inform that the Company has today, i.e. March 5, 2020 completed the necessary closing conditions for acquisition of 94.78% shares of Mediasmart Mobile S.L. As disclosed in our letter dated February 28, 2020, the closing for the balance 5.22% shares of Mediasmart Mobile S.L. shall be completed on or before March 31, 2021.

4.Scrip code : 950062
Name : Cochin Shipyard Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Further to our letter dated December 31, 2019 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the National Company Law Tribunal, Chennai (‘NCLT’) has on March 04, 2020 pronounced the order approving the Resolution Plan submitted by Cochin Shipyard Limited (CSL) with respect to Tebma Shipyards Limited (TSL) under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code, 2016. The written order issued by NCLT in this regard on March 05, 2020, is attached herewith, which is self explanatory.

5.Scrip code : 520008
Name : RICO Auto Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
We wish to inform you that we have been informed by our Subsidiary Company namely Rico Fluidtronics Limited that it has acquired 95,00,000 equity shares of face value of Rs.10/- each at par representing 20% stake in the paid-up equity share capital of M/s Rico Jinfei Wheels Limited (RJWL), a Step-down Subsidiary Company. Post this acquisition the Company through its two Subsidiaries namely Rico Investments Limited and Rico Fluidtronics Limited shall hold 94.79% stake in the equity share capital of RJWL.

6.Scrip code : 500325
Name : Reliance Industries Ltd
Subject : Resolution Plan With Regard To Corporate Insolvency Resolution Process Of Reliance Infratel Limited
We wish to inform you that in connection with the resolution plan with regard to Corporate Insolvency Resolution process of Reliance Infratel Limited (‘Corporate Debtor’), submitted by Infrastructure Projects – a division of Reliance Digital Platform & Project Services Limited (‘RDPPSL’), a wholly owned subsidiary of Reliance Industries Limited, the Resolution Professional has informed yesterday, i.e. March 05, 2020 – during early hours via e-mail received at 00:28 Hrs. (12:28 AM), that the Resolution Plan submitted by RDPPSL has been approved by CoC.

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]