1. Scrip code : 524164
Name : IOL Chemicals & Pharmaceuticals Ltd
Subject : Announcement under Regulation 30 (LODR)-Allotment
This is to inform you that the Allotment Committee of the Board of Directors of the Company, in its meeting held today i.e. 17th June 2020 at 11:00 AM has allotted 7,18,000 (Seven Lakh Eighteen Thousand) Fully Paid up Equity Shares of Rs 10/- each at a premium of Rs 195/- per share to M/s NCVI Enterprises Limited (promoter group company) upon exercise of the option attached with the Warrants allotted on 30th March 2019. The said shares shall remain locked-in for a period of 3 years from the date of trading approval. Consequent upon issue of the abovesaid 7,18,000 Equity Shares, the total paid-up capital of the Company stands increased at Rs 58,30,55,020 (Rupees Fifty Eight Crore Thirty Lakh Fifty Five Thoudand Twenty Only) divided into 5,83,05,502 (Five Crore Eighty Three Lakh Five Thoudand Five Hundred Two) fully paid equity shares of Rs 10/- each. The meeting was concluded at 11:20 AM. This is for your information & record please.
2. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : SSWL Wins Truck Steel Wheels New Order For Over USD 400K From USA
SSWL is glad to inform that it has bagged fresh Exports order for Truck & Trailer market from USA. Order comprises supplies of close to 10,000 truck steel Wheels in the period of June to September from its Chennai plant. Total revenue generated by this additional order would be over USD 400K. This new order indicates gradual re-start of operations in US post Covid lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers in USA. This order strengthens gradual production ramp-up of SSWL Chennai Truck wheels plant post Covid19 shutdown.