*Important Updates from Companies 21-Sep-2021*
*BLS International Services Limited* BLS International selected as National Business Correspondent for India’s largest bank, State Bank of India. – BLS International Services Ltd. has been selected as National Business Correspondent for India’s largest bank, State Bank of India to deliver banking services in urban, semi-urban and rural areas across the country. BLS International shall deliver last mile banking services to support the financial inclusion mission of Government of India.BLS will soon provide banking services on behalf of State Bank of India like savings bank deposits, fixed deposit, recurring deposit, remittances, micro pension, micro insurance, account open with e-KYC,AEPS mini statement, passbook printing for SBI account holders spread across India.
Commenting on this, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International, said,
“This partnership with State Bank of India will support government’s initiative to deliver last mile banking services to the tier2 & tier3 cities. It will strengthen our reach in the southern, eastern and western parts of India while we already have an extensive network in northern India. This is a testimony to our commitment to serve the unserved and underserved population of India.”
*Godrej Industries* we wish to inform you that the Management Committee of the Board of Directors of the Company has today, i.e. on September 21, 2021, inter alia, approved the Placement Memorandum / Information Memorandum for issuance of upto 7,500 (Seven Thousand Five Hundred) Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures having Face Value of Rs.10,00,000/- (Rupees Ten Lakh Only) each, aggregating to Rs.750 Crore (Rupees Seven Hundred Fifty Crore Only) on private placement basis
*QGO Finance Limited* Approved issuance of Unsecured, unlisted, Non-convertible Debentures (NCDs) under Private Placement basis upto Rs. 4 Crore within the borrowing limits of the Company as approved by the shareholders
*Glenmark Pharma* Glenmark Pharmaceuticals Ltd. (Glenmark) has received final approval by the United States Food & Drug Administration (U.S. FDA) for Clindamycin Phosphate Foam, 1%, the generic version of Evoclin®1 Foam, 1%, of Mylan Pharmaceuticals Inc.Glenmark Pharmaceuticals Ltd. (Glenmark) has received final
approval by the United States Food & Drug Administration (U.S. FDA) for Clindamycin Phosphate Foam,
1%, the generic version of Evoclin®1 Foam, 1%, of Mylan Pharmaceuticals Inc
*Sterling & Wilson Solar Limited* Sterling and Wilson Solar Limited commissions 66 MWp solar energy project in Jordan
*Housing Development Finance Corp* HDFC ANNOUNCES FESTIVE HOME LOAN OFFER HOME LOAN RATES AT 6.70%.Festival Season Offer Valid till 31st October 2021
*Finotex Chemical Limited* Fineotex Chemical Limited has earned the prestigious ECO PASSPORT by OEKO-TEX® certification, the highest rating in the globally renowned audit that measures standards of sustainability. The green rating has been awarded by Hohenstein, an independent and and neutral renowned testing system that is globally recognized.ECO PASSPORT by OEKO-TEX® is an independent certification system for chemicals, colorants and auxiliaries used in the textile and leather industry. During a multistep process, the international agency analyses whether each individual ingredient in the chemical product meets the statutory requirements
*Ease My Trip* Hon’ble High Court of Delhi passes an order in favour of EaseMyTrip regarding unsolicited messages.The court further directed the BSE to issue a clarification on its website to make it clear
to investors that EaseMyTrip is not liable for any action
*Cyient* Cyient Joins TM Forum to collaborate with global Communication Service Providers (CSPs) to drive digital transformation in the Communications industry.The company joins industry leaders to accelerate the technology-led transformation of networks, contributing to business agility and customercentricity.
*Lincoln Pharmaceuticals Limited* plans to launch Cephalosporin products soon: acquires a plant in Mehsana, Gujarat.Acquisition funded from Internal accruals; Expects turnover of 150 crore in next 3 years.Investment in Cephalosporin plant for 30 crore including capacity expansion; Plant will cater to all the Cephalosporin products of tablet, capsule, dry syrup and injectables; Cephalosporins are used to treat infections caused by susceptible bacteria i.e. Bone Infections, Ear Infections, Skin Infections, Urinary tract Infections etc.; Lincoln Pharma is a Net debt-free company; Company is in the process of applying for WHO GMP certification for the Cephalosporin Plant; Company will launch Cephalosporin products in the Indian market by March 2022; Looks to export in African, Latin America and Southeast Asia markets after necessary approvals.
*Tata Motors Limited* Tata Motors to increase prices of its commercial vehicles from 1st October 2021.The effective price hike, in the range of 2%, will be implemented basis the model and the variant of the vehicle.
*Atishay Limited* The company joins hands with RajCOMP Info Services Limited's (RISL) as its Technology Partner for doorstep delivery of public (Government) services in Rajasthan.
*Star Housing Finance* This is with reference to our Intimation letter dated 16th September, 2021 regarding the meeting of Board of Directors of Star Housing Finance Limited which is scheduled to be held on 21st September, 2021 inter alia to consider and discuss issuance of Equity Shares by way of preferential issue through Private Placement basis has been deferred.
*Tata Consultancy Services Ltd* “TCS Recognized as a Leader in ACES Automotive Engineering Services by Everest Group”z
*Deep Energy Resource Limited* We are pleased to announce that the agreement signing ceremony of Coal India Limited's first commercial extraction of Coal Bed methane (CBM) project was concluded between our subsidiary i.e. Prabha Energy Private Limited (PEPL) and Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited at BCCL's HQ, Dhanbad on 20th September, 2021. Prabha Energy Private Limited (PEPL), a subsidiary of Deep Energy Resources Limited, is selected as CBM Developer for "Jharia CBM Block-I (Jharia Coalfield, BCCL Leasehold Area)" through International Competitive bidding. PEPL is focusing on CBM Exploration & Production business and is also having 25% participating interest alongwith Joint Operatorship in North Karanpura CBM block which is currently under advanced development phase. It has expertise in upstream, midstream and downstream activities relating to exploration and production of Coal Bed Methane.
*Nuceleus Software Exports* a Meeting of the Board of Directors of the Company will be held on Friday, September 24, 2021 inter-alia to consider the proposal for Buy Back of the fully paid-up equity shares of the Company
*Budge Budge Company Ltd* The Board of the Company in its meeting held on 9" September, 2021 and also in the adjourned meeting held on 15" September, 2021 was un-decided on the delisting process initiated on requisition of one of the Promoters of the Company. Since the delisting was not approved by the Board within 21 days from the Initial Public Announcement made by the Promoter Acquirer as specified under regulation 10(1) of the SEBI Delisting Regulations, 2021, the matter could not be proceeded.Under this circumstances, the adjourned Board meeting as adjourned on 15" September, 2021 deemed cancelled
and the delisting proposal of the Promoter Acquirer is also dropped.
*Gyscoal Alloys Limited* We refer to our intimation on the outcome of the meeting of the Board of Directors of the Company (Board) held on August 12 ,2021, in connection with offer and issuance of equity shares aggregate amount not exceeding Rs.15 crores by way of a Rights Issue.We refer to our intimation on the outcome of the meeting of the Board of Directors of the Company (Board) held on August 12 ,2021, in connection with offer and issuance of equity shares aggregate amount not exceeding Rs.15 crores by way of a Rights Issue.
*India Bulls Housing Finance* we hereby certify that our Company has made timely payment of interest / principal (as the case may be) in respect of the following NCDs issued by our Company, on private placement basis
*SRG Housing Finance* we hereby certify that our Company has made timely payment of interest / principal (as the case may be) in respect of the following NCDs issued by our Company, on private placement basis
*Archit Organosys* approved the proposal to increase the production capacity by 6000 Metric Tonne per annum at the existing Bhavnagar plant. Existing Capacity - 12000 Metric Tonne (MT) per annum. Existing Capacity Utilization - 60%.proposed capacity addition - 6000 MT per annum. period within which the proposed
capacity is to be added-6 to 9 months months.investment required- Rs. 500 Lacs. Mode Of Financing-Company’s Internal Accruals.
Rationale - There is increase in demand of one of the product of the company i.e. Monochloro Acetic Acid (MCA) both at domestic and at export level. Also, the make in India drive by Government of India has boosted the demand and it has been surveyed that many peer industries manufacturing MCA has increased their production capacity. Hence, the overall industry is anticipating a growth for this product
*MTAR Technologies* NADCAP Certification for our 1007 Export Oriented Unit (EOU) & Unit 5 in Telangana. India
*KEC International* KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 1,157 crores across its various businesses
*Bhansali Engineering Polymers Ltd* Bhansali Engineering Polymers Limited ("Company") has received Environmental Clearance from the Impact Assessment Division of Ministry of Environment, Forest and Climate Change, Government of India, under the provisions of the EIA Notification, 2006, for Expansion of High Rubber Graft - HRG (Rubber Rich ABS) unit from 15000 TPA to 50000 TPA for Company's Satnoor Plant located at Bhansali Nagar, Taluka Sausar, District Chhindwara, Madhya Pradesh. The same is subject to compliance of certain terms and conditions
*Infosys Ltd* ‘Infosys Collaborates with ServiceNow to Provide Enterprise-Level Service Management for Manufacturing Customers’
*Indiabulls Housing Finance* ₹ 200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Limited Oversubscribed 4.04x Times.Base Issue oversubscribed by 4.04 times with a total collection of ₹ 807.83 Crore*Retail category oversubscribed by 2.44 times (of the Base Issue Size) with a total collection of ₹
146.22 CroreAlmost 42% of the total issue size got subscribed for 3 year & 5 year tenure, as investors seek to subscribe for long term.Most of the monies have been raised at an effective annual yield of 8.35%
*Chalet Hotels* Chalet Hotels Ltd. becomes first hospitality company globally to join Climate Group's RE100, EP100 and EV100 initiatives.Move to 100% renewable electricity by 2031.Double revenue per unit of electricity consumed by 2029.100% of vehicle fleet will transition to Electric Vehicles by 2025
*Happiest Minds* Happiest Minds wins two awards at Asiamoney Asia's Outstanding Companies Poll 2021
*HCL Technologies Limited* 'HCL Technologies and Lendico, an ING Germany Company, Joins Forces in Building Solutions for SMEs'
*Hero Motor Corp* Hero MotoCorp - the world’s largest manufacturer of motorcycles and scooters - has been recognized by Guinness World Record for creating the ‘Largest Online Photo Album of People Planting Plants’. As a part of the Hero Green Drive initiative, a total number of 132,775 images of people planting plants were received to achieve this prestigious title
*Inflame Appliances Limited* we hereby inform that our Company has received initial trial order for 10,000 Chimneys from Kaff Appliances, adding one more milestone to our expansion
*Garware Hi-tech Films Ltd* Garware Hi-Tech Films Ltd Bags Silver at India Green Manufacturing Challenge Award 2020-21.
*Note*
These are Price sensitive info. As a Stock Market Investor you have to be one step ahead in company related Info. Many of the announcements may or may not get published in news papers or may get published very next day or After couple of Days
*As of Now excluded - Credit Ratings / Company Presentations / Investor Meet / General Info like - AGM/Book closure/Dividend/Subdivision etc*