Notifications, Scrip Scan

Daily Notifications as on 28th May, 2020

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

Daily Notifications as on 28th May, 2020

1. Scrip code : 539141
Name : UFO Moviez India Limite
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Ref. to our letter dtd. Dec 20, 2019 wherein we had informed that the Board of the Company on Dec 20, 2019 had approved an investment of upto Rs.20 crores by way of convertible instruments over a period of 3 years in Cinestaan Digital Private Limited (CDPL). Accordingly the Company had subscribed for 11,53,026 Compulsory Convertible Pref. Shares (CCPS) of Rs.40 each aggregating to Rs.4,61,21,040/-. The Company had also subscribed for 38,78,976 warrants of Re. 1 each, convertible into same number of equity shares of Re. 1 each of CDPL. We wish to inform you that the Company on May 27, 2020 has exercised 3,50,000 warrants by making payment of Rs.1,35,34,500/- @ Rs.38.67 per warrant. The board of CDPL on May 27 2020 has approved conversion of 3,50,000 warrants into 3,50,000 equity shares of CDPL. The board of CDPL on May 27 2020 also approved conversion of 11,53,026 CCPS into 11,62,618 equity shares of CDPL. Post the aforesaid conversions, the Company holds ~18.75% voting rights in CDPL.

2. Scrip code : 500878
Name : Ceat Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
In furtherance to the disclosures made by the Company on January 28, 2019, April 3, 2019 and March 16, 2020 on the captioned subject, we wish to update that, the Order dated March 13, 2020 of the National Company Law Tribunal, Mumbai Bench (”the NCLT”) sanctioning the Scheme of Amalgamation for the amalgamation of CEAT Specialty Tyres Limited (a wholly owned subsidiary of CEAT Limited) with CEAT Limited (‘the Scheme’) became accessible on the NCLT website on May 25, 2020. However, certified copy of the Order of the NCLT is still awaited.

3. Scrip code : 502986
Name : Vardhman Textiles Limted
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions, if any, we would like to inform you that the Board of Directors (‘Board’) of Vardhman Textiles Limited (‘VTL’ or ‘Company’) in its meeting held on 27th May, 2020 has approved, subject to necessary statutory and regulatory approvals under applicable laws, including approval of the National Company Law Tribunal(s), a Scheme of Amalgamation among VMT Spinning Company Limited (‘Transferor Company 1’) and Vardhman Nisshinbo Garments Company Limited (‘Transferor Company 2’) (‘Transferor Company 1 and Transferor Company 2 together referred to as the ‘Transferor Companies’) with and into the Vardhman Textiles Limited (‘Transferee Company’) and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 (hereinafter referred to as ‘Scheme’).

4. Scrip code : 539978
Name : Quess Corp Limited Page
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of additional 25% equity shares in Terrier Security Services (India) Private Limited (“TSSIPL”)

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