Notifications, Scrip Scan

Daily Bulletin (November 11, 2019)

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

Daily Bulletin (November 11, 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191111-28

  1. Scrip code : 533217
    Name : Hindustan Media Ventures Limited
    Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger Sanction of Scheme of Arrangement u/s 230 to 232 of the Companies Act, 2013 between Hindustan Media Ventures Limited (“Resulting Company”) and India Education Services Private Limited (“Demerged Company”) and their respective shareholders. This is in furtherance of our letter dated 16th October, 2017 informing the stock exchanges that the Board of Directors of the Company had approved a Scheme of Arrangement u/s 230 to 232 of the Companies Act, 2013 between the Company (HMVL) and India Education Services Private Limited (IESPL) and their respective shareholders [“Scheme”]. This was followed by another intimation vide our letter dated 9th March, 2019, on the outcome of meeting of Equity Shareholders and Unsecured Creditors of HMVL approving the Scheme. We have to now inform the stock exchanges updates on the scheme as given under attached file
  2. Scrip code : 502937
    Name : Kesoram Industries Ltd
    Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement Dear Sirs, In compliance of Regulation 30 read with Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 please be informed that the National Company Law Tribunal, Kolkata has sanctioned vide its Order dated 8th November, 2019, the ‘Scheme of Arrangement’ filed by the Company under section 230 and 232 of the Companies Act, 2013 by approving the demerger of the Tyre business of the Company to a separate Company Birla Tyres Ltd with effect from the 1stday of January, 2019. A copy of the said Order is enclosed for your information and records. You are requested to disseminate the above information on your platform for the benefit of all the stakeholders at large. Thanking you. For Kesoram Industries Limited
  3. Scrip code : 506935
    Name : Continental Chemicals Ltd.,
    Subject : Updates on Open Offer D & A Financial Services (P) Ltd (“Manager to the Offer”) has submitted to BSE a copy of recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders of Continental Chemicals Ltd (“Target Company”) under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations), as amended till date
  4. Scrip code : 531225
    Name : Frontier Informatics Limited
    Subject : Updates on Open Offer Saffron Capital Advisors Pvt. Ltd (“Manager to the Open Offer”) has submitted to BSE a copy of Advertisement pursuant to Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”) to the Public Shareholders of Frontier Informatics Ltd (“Target Company”).
  5. Scrip code : 511108
    Name : Shiva Texyarn Ltd.
    Subject : Announcement under Regulation 30 (LODR)-Acquisition Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held on Monday, 11th November 2019 has inter-alia considered the following:- Gave In-principle approval for the acquisition of 4,000 Equity Shares of M/s. L K Distributors Private Ltd subject to applicable provisions. Details pursuant to Regulation 30 of the Listing Regulations are annexed herewith.
  6. Scrip code : 524394
    Name : Vimta Labs Ltd.
    Subject : Announcement under Regulation 30 (LODR)-Acquisition Board at its Meeting held today, has decided to acquire 100% equity shares of M/s Emtac Laboratories Private Limited and to make it a wholly owned subsidiary of the company subject to the necessary approvals from the financial institutions, if any. The disclosure for the proposed acquisition specified under Part A of schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed hereto as Annexure A
  7. Scrip Code: 523319
    Name: Balmer Lawrie & Co. Ltd.,
    Inter alia, approved the following: a. Recommendation for issuance of Bonus Shares of the Company in the ratio of 1:2 i.e., 1(One) new Equity Bonus Shares of Rs.10/- each fully paid up each of the Company is to be issued for every 2 (Two) existing equity share of Rs.10/- each fully paid up of the Company held by the shareholders on the record date. Page 7 bu111119. Record Date: 23 December, 2019.
    Proposal to capitalize Rs. 57,00,12,820/- out of the existing reserve and surplus of the Company to issue the aforesaid bonus shares and thereby increasing the paid up capital from Rs. 1,14,00,25,640 to Rs. 1,71,00,38,460.
  8. Scrip Code: 533470
    Name: Rushil Decor Limited  
    Rights Issue Inter alia, has considered and approved following 1. Issuance of equity shares of the Company for an amount aggregating upto Rs. 25 Crore (Rupees Twenty Five Crore) by way of right issue to the eligible equity shareholders of the Company as on record date (to be notified subsequently) in accordance with applicable law, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  9. Scrip Code: 514386
    Name:Gujarat Cotex Ltd
    Equity Stock Split from Rs. 10/- to Rs. 5/- each

 

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