Corporate Announcements

BASF India

BASF India announced that the company's stilbene based Optical Brightening Agents business for paper and powder detergent applications stands transferred to Archroma India with effect from 06 December 2019.

The Company has received a consideration of Rs. 33.50 crore subject to necessary working capital adjustments including an amount of Rs. 13.84 crore which will be kept in escrow for a period of 12 months from the closing date.

Sintex Inds.

Sintex Industries announced the appointment of Jayesh Hasmukhrai Khalsuria as Additional Non-Executive Director on the Board of Directors of the Company w.e.f. 7 December 2019.

Oriental Aromat.

Oriental Aromatics announced that a small fire occurred in one of its allied products (Catalyst plant) situated at CB Ganj, Bareilly, on 05 December 2019 at 6:30 pm and was brought under control within 2 hours.

The main Camphor & Terpineol plants are intact and are running on full stream. No loss of life or injury to any individual occurred.

Grasim Inds

Grasim Industries announced that Himanshu Kapania has stepped down and will relinquish his role as the Non Executive Director and Vice Chairman of the Board of the company with effect from 31 December 2019, as he will be pursuing another role in Aditya Birla Group.

H D F C

Housing Development Finance Corporation has allotted 3,04,349 equity shares under ESOS.

With this allotment, the paid up equity share capital of the corporation has increased to Rs 345.70 crore comprising of 172,85,31,085 equity shares of Rs 2 each.

M & M

Mahindra & Mahindra announced the production, sales and export figures for month of November 2019.

Production for November 2019 stood at 41,846 units compared to 39,331 units in November 2018. For FY 2020, the production stood at 329,584 units compared to 404,385 units in FY 2019.

Sales for November 2019 stood at 38,053 units compared to 41,557 units in November 2018. For FY 2020, the sales achieved were 321,288 units compared to 368,544 units in FY 2019.

Export for November 2019 were 2621 units compared to 3521 units in November 2018. For FY 2020, exports stood at 20,650 units compared to 25,195 units in FY 2019.

Williamson Fin.

Williamson Financial Services will hold a meeting of the Board of Directors of the Company on 13 December 2019.

Dr Reddy's Labs

Dr Reddys Laboratories announced the launch of Deferasirox Tablets for Oral Suspension, a therapeutically equivalent generic version of Exjade® (deferasirox) Tablets for Oral Suspension, approved by the U.S. Food and Drug Administration (USFDA).

The Exjade® brand had U.S. sales of approximately $113 million MAT for the most recent twelve months ending in September 2019 according to IQVIA Health.

Dr Reddys Deferasirox Tablets for Oral Suspension, are available in 125 mg, 250 mg, and 500 mg dosage strengths in bottle count sizes of 30.

Pioneer Invest

Pioneer Investcorp will hold a meeting of the Board of Directors of the Company on 12 December 2019.

Kajal Syn & Silk

Kajal Synthetics & Silk Mills will hold a meeting of the Board of Directors of the Company on 13 December 2019.