Notifications, Scrip Scan

Daily Notifications as on 8th June 2020

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

Daily Notifications as on 8th June 2020

1. Scrip code : 539097
Subject : Outcome Of The Board Meeting Outcome of the Board Meeting – Sub Division of face value of Equity Shares

2. Scrip code : 539894
Name : Madhav Infra Projects Limited
Subject : Corporate Action-Board to consider Bonus Issue
In reference to captioned subject and in compliance to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby informed that the Board of Directors of the Company, in their Board Meeting held today, i.e. on June 08, 2020, at the registered office of the Company situated at Madhav House, Plot No- 04, Nr. Panchratna Tower, Beside Amul Apartment, Subhanpura, Vadodara – 390 023, which was commenced at 11:00 A.M. and concluded at 11:30 A.M. have; (i) Considered and approved the Bonus Issue of Equity Shares in the ratio of 3:1 i.e. issue of Three Bonus Share for every One equity shares held by the equity shareholders of the Company, subject to the approval of the shareholders of the Company and any other applicable statutory and regulatory approvals, as may be required. The Bonus shares shall be allotted rank pari-passu in all respect and carry the same rights of the existing Equity Shares Kindly take the same on your record.

3. Scrip code : 540642
Name : Salasar Techno Engineering Limited
Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order Received new order worth Rs. 27.18 Crore

4. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : Production Resumption Update
This is to update that now all SSWL plants are functional and all plants are catering to customer demand based on each location. we expect capacity utilization improving steadily in all across the plants and finally reach 75% of pre-Covid levels of production by September 2020. The volume delivery will rise strongly going into September 2020. The numbers from June to September looks promising as we expect to reach a gross revenue rate of Rs. 125-130crs by September 2020.

Excerpts from Gaurav’s Blog

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