Notifications, Scrip Scan

Daily Notification as on 12th June,2020

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

Daily Notification as on 12th June,2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200612-38

1. Scrip code : 505200
Name : Eicher Motors Ltd.
Subject : Board approves Sub-division of Equity Shares
Eicher Motors Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 12, 2020, inter alia, has approved sub-division of equity shares of the Company from the existing one (1) equity share of face value of Rs.10/- each into ten (10) equity shares of face value of Rs. 1/- each. The Record Date for the purpose of sub-division of equity shares shall be decided after obtaining approval for sub-division from the shareholders at the ensuing Annual General Meeting and will be intimated in due course.

2. Scrip code : 523405
Name : JM Financial Limited
Subject : Announcement under Regulation 30 (LODR)-Allotment
Please note that the Committee of the Board of Directors of the Company (the ‘Committee’) has, at its meeting held today i.e. June 12, 2020, approved the allotment of 110,000,000 Equity Shares of face value ? 1 each to eligible Qualified Institutional Buyers at the issue price of ? 70/- per Equity Share (including a premium of ? 69/- per Equity Share) aggregating ? 7,700,000,000/- (Rupees Seven Hundred Seventy Crore only), pursuant to the Issue. The Issue opened on June 9, 2020 and closed on June 12, 2020 and the same was intimated to you through our letters dated June 9, 2020 and June 12, 2020 respectively. Additionally, we are enclosing a list of allottees who have been allotted more than five percent (5%) of the Equity Shares offered in the Issue, marked as Annexure A. The meeting of the Committee concluded at 7.15 p.m.

3. Scrip code : 526415
Name : OK Play India Ltd.
Subject : UPDATE ON SLUMP SALE OF AUTOMOTIVE COMPONENT BUSINESS OF OK PLAY INDIA LIMITED AND ITS WHOLLY OWNED SUBSIDIARY OK PLAY AUTO PRIVATE LIMITED
This is with reference to slump sale of automotive component business of OK Play India Limited and its wholly owned subsidiary OK Play Auto Private Limited to Lumax Auto Technologies Limited which was approved by the Board of Directors in its meeting held on February 24, 2020 and approved by the shareholders in its Extra Ordinary General Meeting on March 20, 2020 which was duly informed to the stock exchange. We would further like to inform you that due to unprecedented pandemic situation and extended lock downs disrupting business continuity, the proposed slump sale (referred above) is being put on hold pending further review and appropriate decision in future.

4. Scrip code : 532810
Name : Power Finance Corporation Ltd
Subject : Clarification /Confirmation On News Item Appearing In The ‘Www.Livemint.Com’ Dated May 26, 2020 Captioned ‘PFC Signs Mou With NBPCL To Fund Projects Worth Rs.22,000 Cr In Madhya Pradesh’
PFC is as a financial institution incorporated for the purpose of financing, facilitating and promoting power sector development in India with the President of India holding 55.99% of our equity share capital. PFC sanctioned loans amounting to Rs.1,00,603 cr during FY 2016-17, Rs.1,16,233 cr during FY 2017-18 and Rs. 95,230 cr during FY 2018-19. An MoU has been executed on 27th May 2020 between PFC & NBPCL, a Government of Madhya Pradesh Undertaking and nodal agency for Narmada Valley Development Department, to facilitate the cooperation towards financing hydro-electric power projects & power components of twelve major multipurpose irrigation projects on river Narmada. Total project cost of all these 12 multipurpose irrigation projects is approximately Rs.22,000 Cr. However, MoU pertains to the intent of PFC for financing the hydro-electric power projects & power components only of the said projects, detailed due diligence is yet to be carried out.

5. Scrip code : 539835
Name : Superior Finlease Limited
Subject : Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
This is to inform you that we have received a formal letter from Indian Finance Guaranty Limited (IFGL) dated June 10, 2020 regarding conversion of the loan amount (as granted by Superior Finlease Limited) into Equity Shares and that the said company has allotted 20,00,000/- (Twenty Lakh only) Equity Shares of Rs. 10 face value per share amounting to Rs. 2,00,00,000 (Two Crores Only) to our Company. So, pursuant to above conversion, the shareholding of our Company in IFGL, constituting 38% and therefore IFGL to be identified as an Associate Company of our company as per applicable provisions of Companies Act, 2013. This is for your information & records.

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