LATEST
UPDATES ON INDIAN STOCK MARKET:
TIPS
MUSIC LIMITED:
The
Company has intimated NSE/ BSE regarding its deferment of Earnings Conference
Call with analysts and investors which was scheduled on Wednesday, October 16,
2024, has been rescheduled on Thursday, October 17, 2024 to discuss the
Unaudited Financial Results of the Company for quarter and half year ended
September 30, 2024.
WIPRO
LIMITED:
The Board
of Directors of the Company will be considering a proposal for issue of bonus
shares at its meeting scheduled to be held over October 16-17, 2024.
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INDUSTRIES LIMITED (JOCKEY)
A Board
Meeting has been scheduled which is to be held on 07-11-2024, it will consider
declaration of 2nd interim dividend, to the Equity Shareholders of the Company
for the current financial year 2024-25. In case the said interim dividend is
declared by the Board of Directors, the Record Date for the purpose of payment
of such interim dividend will be 16 November 2024.
PUNJAB
NATIONAL BANK:
There was
a change in the assignment of Senior Management as below:
SUDARSHAN
CHEMICAL INDUSTRIES LIMITED:
The
Company in its press release stated that it has entered into a definitive
agreement with the Germany-based Heubach Group, on its acquisition in a
combination of an asset and share deal. Post-acquisition, the combined company
will have a broad pigment portfolio of high-quality products and a strong
presence in major markets including Europe and the Americas. It will enhance
SCIL’s product portfolio, giving it access to customers and a diversified asset
footprint across 19 sites globally.
A Small
Brief About Heubach Group: The Heubach Group has a 200-year history and
became the second largest pigment player in the world after its integration
with Clariant in 2022. Heubach had over a billion euros in revenue in FY21 and
FY22, with a global footprint especially in Europe, Americas, and the APAC
region. The Group faced financial challenges over the past two years due to
rising costs, inventory issues, and high interest rates. SCIL’s acquisition of
Heubach will address these challenges with a clear turnaround plan.
ASHOKA BUILDCON LIMITED:
It had
submitted a bid for a project with Maharashtra State Road Development
Corporation Ltd. The company has now received a Letter of Acceptance for the
project. The approved bid value for this project is ₹310 crore, excluding GST.
RELIANCE NAVAL AND ENGINEERING LIMITED:
The
Statutory Auditors of the Company, M/s Pipara & Co., LLP, Chartered
Accountants, has resigned with immediate effect, as stated in its resignation
letter dated October 12, 2024
FIRST SOURCE SOLUTIONS LIMITED:
Mr. Akash
Pugalia has resigned as President - Global Trust & Safety and Senior
Management Personnel of the Company
9 NETWORK18 MEDIA & INVESTMENTS LIMITED:
The
Company has appointed Ms. Shweta Gupta as Company Secretary and Compliance
Officer of the Company w.e.f. October 12, 2024 in the place of Mr. Nitten Gupta. The Company has also appointed Mr. Sanchayan
Paul as Chief Human Resource Officer, Senior Management Personnel of the
Company w.e.f. November 1, 2024.
ASIAN GRANITO INDIA LIMITED:
The Subsidiary company of the Asian Granito India Limited, AGL Sanitaryware Private Limited has incorporated Wholly Owned Subsidiary Company named D'MORE BATHWARE PRIVATE LIMITED (CIN: U23922GJ2024PTC155681) on 11th October, 2024. Hence, D'MORE BATHWARE PRIVATE LIMITED will be Step-down Subsidiary of the Company
