Corporate Action

Apollo Tyres

Apollo Tyres is aiming for leadership in the premium two]wheeler segment in India, and service the global markets with high]end bias and steel radial tyres. The premium segment constitutes nearly 20% of the two wheeler market in India and is the fastest growing one. This segment is witnessing an increasing shift and growth due to rapid urbanisation, rising consumer income levels and increasing young population, which is driving the demand for tyres as well in this category. India is the largest two]wheeler market in the world, and still has a headroom for further growth. In the current pandemic era as well, there is demand coming in as people are moving away from shared/public transport and gradually moving to own a personal vehicle, including a two]wheeler, further driving the demand for tyres in this category.

Apollo Tyres is aiming for leadership in the premium two]wheeler segment in India, and service the global markets with high]end bias and steel radial tyres. The premium segment constitutes nearly 20% of the twowheeler market in India and is the fastest growing one. This segment is witnessing an increasing shift and growth due to rapid urbanisation, rising consumer income levels and increasing young population, which is driving the demand for tyres as well in this category. India is the largest two]wheeler market in the world, and still has a headroom for further growth. In the current pandemic era as well, there is demand coming in as people are moving away from shared/public transport and gradually moving to own a personal vehicle, including a two]wheeler, further driving the demand for tyres in this category.

To service this growing segment, Apollo Tyres today formally inaugurated a dedicated commercial facility to manufacture two]wheeler radial and cross ply tyres. The plant was inaugurated virtually by the Chairman, Onkar S Kanwar, while Vice Chairman and MD, Neeraj Kanwar and other Supervisory Board members of the Company also joined on this occasion, along with select Business Partners.

Spread over more than 10,000 square metre area, this two]wheeler tyre manufacturing unit is housed within Apollo Tyresf Limda plant in Vadodara, in the western Indian state of Gujarat. This facility, which has an initial capacity to produce 30,000 motorcycle radials and 60,000 motorcycle cross ply tyres per month, will cater to the premium segment of the two]wheeler industry. With a modular layout of the facility, the capacity can be replicated easily, as the demand increases.

Cipla

Cipla will hold a meeting of the Board of Directors of the Company on 7 August 2020.

Deepak Nitrite

Deepak Nitrite announced that the 49th Annual General Meeting (AGM) of the company will be held on 7 August 2020.

Escorts

The Board of Escort at its meeting held on 15 July 2020 has discussed and granted final approval to the Capital Reduction and approved the draft scheme for Capital Reduction ("Scheme"), under Section 66, Section 52 and other applicable provisions of the Act read with the NCL T Rules.

The Scheme is subject to approval of the shareholders of the Company by way of requisite majority, NCLT and all other applicable regulatory approvals. The Capital Reduction shall ensure that the total equity share capital of the Company remains unchanged even after the proposed issue of shares by the Company to Kubota Corporation.

Pursuant to the aforementioned Capital Reduction coming into effect, i.e., upon approval of the Scheme by the shareholders by way of requisite majority, NCLT and all other applicable regulatory authorities, the paid-up equity share capital of the Company will stand reduced from Rs 134,83,45,660 consisting of 13,48,34,566 equity shares of Rs 10 each to Rs 122,57,68,780 consisting of 12,25, 76,878 equity shares of Rs 10.

Gujarat Alkalies

Gujarat Alkalies & Chemicals announced that at Dahej Complex various plants are running at full capacity. Further, the third plant of H2O2 has also started operating from 15 July 2020, with this all three H2O2 plants are in operation now.

A B B

ABB India will hold a meeting of the Board of Directors of the Company on 23 July 2020.

Sanofi India

Sanofi India will hold a meeting of the Board of Directors of the Company on 28 July 2020.

Natl. Peroxide

National Peroxide announced that the Board of Directors of the Company at its meeting held on 14 July 2020, inter alia, have recommended the final dividend of Rs 12.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

NELCO

NELCO will hold a meeting of the Board of Directors of the Company on 31 July 2020.

Oriental Hotels

Oriental Hotels will hold a meeting of the Board of Directors of the Company on 28 July 2020.