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Daily Bulletin (November,18 2019)

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Daily Bulletin (November,18 2019)

  1. Scrip code : 533227
    Name : Asian Hotels (East) Limited
    Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement Further to our intimation dated September 16, 2019 wherein we informed that the Board had approved a Scheme of Arrangement for the demerger of the Company’s [Demerged Company] division namely ‘Investments including Investment in Hotel (South)’ [Investment Division] into Robust Hotels Private Limited, a wholly owned subsidiary of the Company [RHPL/Resulting Company] in terms of Section 230-232, other applicable provisions of the Companies Act, 2013 and the Rules made thereunder as a going concern in compliance with Section 2(19AA) of Income Tax Act, 1961. Further, based on the revisions suggested by the Audit Committee, the Board has revisited and approved certain modifications to the Scheme
  2. Scrip code : 542333
    Name : CESC Ventures Limited
    Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger This is in continuation of our earlier intimation, informing you that the Scheme was made effective from 1 October 2017, except demerger of the Generation Undertaking of CESC Limited (CESC) into Haldia Energy Limited, a wholly-owned CESC subsidiary (‘Demerger’). The Board of Directors, at its meeting held today, inter alia, discussed the present status of the Demerger and decided that it would be prudent and in the best interest of the Company, its shareholders and other stakeholders to no longer pursue the said Demerger. The Company will make necessary application to the Kolkata bench of the National Company Law Tribunal in this regard. We request you to kindly take this on record.
  3. Scrip code : 532756
    Name : Mahindra CIE Automotive Limited
    Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger We refer to our letter dated 5th November, 2019 whereby we had inter-alia informed that order of Hon’ble National Company Law Tribunal, Mumbai Bench (the Hon’ble Tribunal) approving the Scheme of Merger by absorption of Bill Forge Private Limited (the Wholly owned subsidiary of the Company) by the Company (the Scheme) was delivered by the Hon’ble Tribunal on 4th November, 2019 and the minutes of the order were available on the website of the Hon”ble Tribunal. We now wish to inform you that a certified copy of Order along-with the Scheme has been filed with the Registrar of Companies, Mumbai today i.e. 15th November, 2019. Accordingly, the Scheme is effective i.e. operative with effect from 15th November, 2019. The Scheme shall take effect from the Appointed Date which is 1st April, 2018. A copy of the Order along-with the Scheme is enclosed herewith for your record. Kindly acknowledge the receipt and take the same on record.
  4. Scrip code : 539660
    Subject : Intimation Of Final Date Of Hearing Of The Scheme Of Arrangement For Amalgamation Of Best Agrochem Private Limited (Transferor Company/Petitioner Company 1) With Best Agrolife Limited (Formerly Known As Sahyog Multibase Limited) With reference to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, this is to inform you that the Hon’ble National Company Law Tribunal, Principal Bench, at New Delhi, vide its order dated 08th November, 2019, have fixed the date of hearing as 19th December, 2019 for approval of the Scheme. Copy of order is annexed herewith.
  5. Scrip code : 503101
    Name : Marathon Nextgen Realty Ltd
    Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement Approval of Draft Scheme of Amalgamation of Marathon Nextgen Townships Private Limited (WOS) with Marathon Nextgen Realty Limited, u/s 233 of the Companies Act 2013
  6. Scrip code : 542285
    Name : Axita Cotton Limited
    Subject : Corporate Action-Board recommends Bonus Issue 2. Recommended the issuance of bonus equity shares in the ratio of 1:1 [i.e. 1 (One) bonus equity share of ? 10/- each for every 1 (One) fully paid-up equity share held as on record date] subject to the approval of shareholder’s approval. The record date for reckoning eligible shareholders entitled to receive bonus shares will be communicated later.
  7. Scrip code : 538446
    Subject : Corporate Action-Board to consider Bonus Issue This is to inform you that the Board of Directors at its meeting held on today i.e. November 13, 2019 has recommended Bonus Issue of Equity Shares in the ratio in the ratio of 10:1 i.e. 1 (One) new Equity Share for Rs. 10/- each fully paid-up for every 10 (Ten) existing equity shares of Rs. 10/- each fully paid-up held by the shareholders of the Company as on the Record Date. The details pertaining to the Bonus issue of Equity Shares as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is provided in the Annexure. You are requested to kindly take the above information on your records

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