Scrip Scan, Notifications

Daily Notifications as on 2nd July 2020

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

Daily Notifications as on 2nd July 2020

1. Scrip code : 533398
Subject : Board to consider Sub-division of equity shares
Muthoot Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on July 18, 2020 inter-alia, to transact the following items: 1.To consider and approve the proposal for sub-division / stock split of equity shares of the Company, subject to the approval of shareholders of the Company; and 2. To seek approval of shareholders for increase the borrowing powers of the Board of Directors of the Company from existing Rs. 50,000 crores to Rs. 75,000 crores.

2. Scrip code : 506858
Name : Gujarat Petrosynthese Ltd.
Subject : Corporate Action-Amalgamation/ Merger / Demerger
Pursuant to Regulation 30, we hereby inform you that the Board of Directors of Gujarat Petrosynthese Limited (‘the Company’), at its meeting held today i.e. 30th June, 2020 through Video Conferencing at 1A, Ground Floor, Arcadia Building, N.C.P.A Marg, Nariman Point, Mumbai – 400021, has, inter alia, considered and approved the following: a. The statement showing the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31st March, 2020 along with the Auditor’s Report. b. Draft scheme of merger by absorption of wholly owned subsidiary M/s. Gujarat Polybutenes Private Limited (‘Transferor Company’) with the Company (‘Transferee Company’) and their respective shareholders under Sections 230-232 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 2013 mentioned in the Scheme of Merger by Absorption (”Scheme’) as placed before the Board.

Excerpts from Gaurav’s Blog

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