Notifications, Scrip Scan

Daily Notifications as on 1st June,2020

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

Daily Notifications as on 1st June,2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200601-35

1. Scrip code : 500463
Name : AGC Networks Limited
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Dear Sir/Madam, Please find attached herewith the Press Release issued with respect to the acquisition by Black Box Holdings Limited, Indirect Wholly-Owned Subsidiary of the Company of Fujisoft Technology LLC (Dubai), Fujisoft Security Solutions LLC(Dubai) and Fuji Soft Technology LLC(Abu Dhabi). This is for your information, record and necessary action. Thanking You.

2. Scrip code : 532215
Name : AXIS Bank Ltd.
Subject : CLARIFICATION ON NEWS ITEM APPEARING IN BUSINESS STANDARD, DATED 30TH MAY 2020
This has reference to news item appearing in Business Standard, dated 30th May 2020, titled ‘Private equity player Bain Capital in talks to up stake in Axis Bank’. We would like to clarify that the news item is speculative and the Bank has not taken any such decision in this regard. As such no disclosure is required to be made under Reg. 30 of the Listing Regulations and the Bank shall keep the Exchange duly informed as and when any decision is taken by it in this matter. We trust this clarifies the matter.

3. Scrip code : 532482
Name : Granules India Ltd.
Subject : Updates on Buy back offer Granules India Limited
Buyback of fully paid-up equity shares of face value Rs 1 each (‘Equity Shares’) through the ‘Tender Offer’ route, at a price of Rs 200 (Rupees Two Hundred only) per Equity Share (the ‘Buyback Price’) for an aggregate amount of up to Rs 250,00,00,000 (Rupees Two Hundred and Fifty Crore only) (‘Buyback’)

4. Scrip code : 500620
Name : Great Eastern Shipping Co. Ltd.,
Subject : Updates For That The Board Has Approved A Proposal To Incorporate A Wholly Owned Subsidiary (WOS)
The Board has approved a proposal to incorporate a wholly owned subsidiary (WOS) in India with main objects of providing shipping services such as ship management, chartering etc. The initial paid up equity share capital of the WOS shall be Rs. 10 lac to be subscribed by the Company for cash. The name of the WOS shall be ‘Great Eastern Services Ltd.’ or such name as may be approved by the Registrar of Companies. We hereby clarify that the promoter / promoter group members are not interested in the proposed WOS.

5. Scrip code : 538835
Name : INTELLECT DESIGN ARENA LIMITED
Subject : Grant Of 45,000 RSU”s To 5 Associates.
Pursuant to the approval accorded by the members of Nomination and Remuneration & Compensation Committee of the Company at its meeting held on 29th May, 2020, 45,000 RSU’s have been granted to Five (5) Associates

6. Scrip code : 541233
Name : Lemon Tree Hotels Limited
Subject : Outcome Of The Board Meeting
We wish to inform you that the Board of Directors of Lemon Tree Hotels Limited (the “Company”) at its meeting held on 29th May, 2020 has, inter-alia: 1. Given in-principle approval to raise funds upto Rs. 150 Crore, either through Right Issue, Preferential Allotment or Qualified Institutional Placement. The management will evaluate the proposal to raise funds and present the same before the Board of Directors to consider and approve the timings, quantum and mode of raising the funds. Further disclosures pertaining to the transaction shall be submitted on finalization of the transaction. 2. Considered approval for the issuance of Compulsorily Convertible Preference Shares by Fleur Hotels Private Limited (‘FHPL’) which is a material subsidiary of the Company, to APG Strategic Real Estate Pool N.V (‘APG’), which is an existing shareholder of FHPL for an amount upto Rs. 300 Crore in multiple tranches, subject to execution of necessary documentation.

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