Corporate Action

EID Parry

EID Parry (India) has allotted 24,879 Equity shares of the face value of Re.1/- each arising out of the exercise of options granted under the Employee Stock Option Scheme, 2016 on 02 March 2021.

Consequent to said allotment, the issued, subscribed and paid up equity shares capital of the Company would be increased from Rs. 17,70,76,696 to Rs. 17,71,01,575 of equity shares of the face value of Re.1/- each.

Kirl.Pneumatic

The Board of Kirloskar Pneumatic Company at its meeting held on 03 March 2021 has appointed Mahesh Ramchand Chhabria as an Additional Director of the Company with effect from 03 March 2021 to hold office upto the forthcoming Annual General Meeting.

Tata Power Co.

Tata Power announced that TP Saurya, the wholly owned subsidiary of the company, has signed a Power Purchase Agreement with Tata Steel (TSL) to develop a 15 MW solar project at Jamshedpur, Jharkhand.

The energy will be supplied to TSL under a Power Purchase Agreement (PPA) valid for a period of 25 years from scheduled commercial operation date. The project is required to be commissioned within 6 months from the date of execution of the PPA.

The Plant is expected to generate an average of 32 MUs of energy per year and will annually offset approximately average 25.8 Million Kg of CO2.

Tata Power's renewable capacity will increase to 4,047 MW, out of which 2,687 MW is operational and 1,360 MW is under implementation including 15 MW won under this PPA.

Wipro

Wipro has joined the ‘Partnering for Racial Justice in Business initiative' launched by the World Economic Forum to promote a culture of diversity, inclusion, equity and justice for people of all racial backgrounds in the workplace.

The initiative is aimed towards driving action and accountability for companies to confront racism at a systemic level, set new global standards for racial justice in business and accomplish necessary policy changes for inclusion and advancement of professionals with under-represented racial and ethnic identities.

Kirloskar Indus.

Kirloskar Industries announced that the Board of Directors of the Company at its meeting held on 2 March 2021, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

AGC Networks

The Board of AGC Networks on 02 March 2021 has approved allotment of 16,34,828 equity shares of Rs.10/- each pursuant to conversion of fully paid warrants at a price of Rs. 675 per share having face value of Rs. 10/- each including a Premium of Rs.665/- per share, aggregating to Rs.1,10,35,08,900, to persons/ entities forming part of the Promoters/Promoter Group of the Company for cash.

Consequently, w. e. f 02 March 2021 the issued, subscribed and Paid-up share capital of the Company stands increased to Rs 31,56,50,070 (Consisting of 3,15,65,007 equity shares of Rs.10/- each). The aforementioned shares shall rank pari passu with the existing equity shares of the Company.

Autolite (I)

Autolite (India) will hold a meeting of the Board of Directors of the Company on 9 March 2021.

Anant Raj

The Board of Anant Raj at its meeting held on 03 March 2021 has approved preferential issue of 2.90 crore fully convertible convertible warrants of face value of Rs 2 each, at an issue price of Rs 50 per warrant.

The infusion of capital shall be utilized to fund the company's new vertical of data centres to be set up in the IT parks build by the company situated at Manesar, Panchkula and Rai in the state of Haryana.

Ceeta Industries

Ceeta Industries will hold a meeting of the Board of Directors of the Company on 11 March 2021.

Mawana Sugars

Mawana Sugars will hold a meeting of the Board of Directors of the Company on 6 March 2021.