Notifications, Scrip Scan

Daily Notifications as on 20th April, 2020

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

Daily Notifications as on 20th April, 2020

1. Scrip code : 539334
Name : Shree Pushkar Chemicals & Fertilisers Limited
Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
The Company intimated that the BOD of the Company have approved the proposal of acquisition of 100% stake of Madhya Bharat Phosphates Private Limited (hereinafter ‘MBPL’) through National Company Law Tribunal, Ahmedabad Bench (hereinafter ‘NCLT’) under the Insolvency & Bankruptcy Code, 2016 (hereinafter ‘IBC’) and in pursuance of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform that the NCLT, has approved the Resolution Plan for proposed takeover of MBPL, to which the Company was Resolution Applicant, pursuant to provisions of IBC. The Company is acquiring 100% stake in MBPL. The unit of MBPL located in Madhya Pradesh, has two plants at Jhabua and Deewanganj has a capacity to manufacture SSP of 1.5 Lac MTA and 0.4 Lac MTA, respectively, and a Plant for a manufacture of LABSA. The Order of NCLT,was delivered on 5th March, 2020 and the Certified True Copy of the Order, dated 20th March, 2020, was received on 17th April,2020.

2. Scrip code : 540686
Name : Smruthi Organics Limited
Subject : Announcement Under Regulation 30- Acquisition Of License For Manufacturing Apis Hydroxy Chloroquine (HCQ) And Chloroquine Sulphate.
We inform you that responding to the need of the hour in this fight against Covid-19, the company has acquired manufacturing license for APIs Hydroxy Chloroquine (HCQ) and Chloroquine Sulphate at its Solapur plant. The production of the said products will commence shortly.

3. Scrip code : 532343
Name : TVS Motor Company Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
TVS Motor Company completes acquisition of Norton.

Excerpts from Gaurav’s Blog

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