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Bayer Crop Sci.

The Board of Bayer CropScience at its meeting held on 12 November 2019 has approved the resignation of Rajiv Wani as Company Secretary and Compliance Officer of the company with effect from 31 December 2019. The Board has appointed Nikunj Savaliya as Company Secretary and Compliance Officer of the company with effect from 01 January 2020.

CG Power & Indu.

CG Power & Industrial Solutions announced that the Board of Directors of the company at its meeting held on 10 & 11 November 2019 approved the withdrawal of the Scheme of Amalgamation for the amalgamation of CG Power Solutions (CGPSOL), a wholly owned subsidiary of the company, subject to the necessary approvals. This withdrawal of the Scheme is primarily on account of findings of the Phase I Investigation Report (disclosures in relation to which were made by the Company pursuant to its filings dated 19 August 2019) which refers to certain unauthorised/ undisclosed transactions undertaken in CGPSOL.

The Board took note of the execution of Inter Creditor Agreement by nine lenders out of total fourteen lenders constituting 87.68% of total outstanding credit facilities of the Company by value (fund based as well non-fund based) pursuant to the circular on Prudential Framework for Resolution of Stressed Assets issued by RBI.

Hindalco Inds.

Hindalco Industries has appointed Sudhir Mital (DIN: 0008314675) as an Independent Director, with effect from 11 November, 2019 for a tenure of 5 years.

Standard Battery

Standard Batteries will hold a meeting of the Board of Directors of the Company on 13 November 2019.

Tata Global

Tata Global Beverages has received reaffirmation in credit ratings from ICRA as under -

Long term debt Rs 350 crore - ICRA AA+; Stable
Short term debt Rs 715 crore - ICRA A1+
Fund based working capital Rs 400 crore - ICRA AA+; Stable / ICRA A1+
Non fund based facility Rs 24 crore - ICRA A1+

Tata Motors

The Tata Motors Group global wholesales in October 2019, including Jaguar Land Rover, were at 89,108 nos., lower by 19%, as compared to October 2018.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in October 2019 were at 28,478 nos., lower by 36%, over October 2018.

Global wholesales of all passenger vehicles in October 2019 were at 60,630 nos., lower by 7% as compared to October 2018.

Global wholesales for Jaguar Land Rover were 47,278 vehicles(* JLR number for October 2019 includes CJLR volumes of 3,721 units). Jaguar wholesales for the month were 12,367 vehicles, while Land Rover wholesales for the month were 34,911 vehicles.

*CJLR- It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR

Balmer Lawrie

The Board of Balmer Lawrie & Company at its meeting held on 11 November 2019 has recommended issuance of Bonus Shares of the Company in the ratio of 1:2. The Board has approved the proposal to capitalize Rs. 57,00,12,820/- out of the existing reserve and surplus of the Company to issue the aforesaid bonus shares and thereby increasing the paid up capital from Rs. 1,14,00,25,640 to Rs. 1,71,00,38,460.

RACL Geartech

RACL Geartech has appointed Jagdish Keswani (DIN: 02146267) as an Additional Director of the company in the category of Independent Director w.e.f. 11 November 2019.

Amtek Auto

Amtek Auto will hold a meeting of the Board of Directors of the Company on 18 November 2019.

Ansal Housing

Ansal Housing will hold a meeting of the Board of Directors of the Company on 20 November 2019.

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