Notifications, Scrip Scan

Daily Notifications as on 3rd June,2020

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Daily Notifications as on 3rd June,2020

1. Scrip code : 509162
Name : Indag Rubber Ltd.,
Subject : Announcement Under Regulation 30 (LODR) – Resumption Of Partial Operations At Company”s Plant
This is in continuation to our communication dated April 13, 2020, regarding temporary shutdown of operations in Company’s plant located at Nalagarh. We wish to inform you that operations in Company’s Plant have been partially resumed from Tuesday 02nd June, 2020, in accordance with and as per the guidelines / directives issued by Central/State/Local Government Authorities in this regard. Kindly take the same on record.

2.Scrip code : 532832
Name : Indiabulls Real Estate Limited
Subject : Update On Proposal Of The Merger Of Certain Ongoing, Completed And Planned Residential And Commercial Projects Of Embassy Property Developments Private Limited (‘Embassy’) With The Company In continuation to the exchange communications dated January 31, 2020 and March 3, 2020, regarding proposal of the merger of certain ongoing, completed and planned residential and commercial projects of Embassy Property Developments Private Limited (‘Embassy’) with Indiabulls Real Estate Limited (‘IBREL’) (‘Merger’), we wish to inform that lockdown restrictions imposed due to global spread of Corona Virus (COVID-19) had impacted the progress of the Merger process. With the lockdown relaxations from June 3, 2020, best effort endeavors are now being made by Embassy and IBREL to execute transaction documents on or before July 15, 2020 and a scheme of amalgamation, in accordance with Section 230-234 of the Companies Act, 2013 read with the rules framed thereunder, as amended, and the SEBI circular no. CFD/DIL3/CIR/2017/21 dated 10 March 2017, as amended, for the proposed Merger will accordingly be placed before the Board of Directors of the Company for its approval.

3. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : SSWL Receives New Orders For Close To Euro 335K From Europe & US
SSWL has bagged firm exports orders for over 8,000 wheels for EU & US Truck Trailer Market to be executed in June & July from its Chennai Truck Wheels plant. This marks beginning of orders for new semester for this year indicating re-start of operations in EU & US post COVID lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers. This order will support gradual production ramp-up of SSWL Chennai Truck wheels plant post Covid19 shutdown.

Excerpts from Gaurav’s Blog

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