Reliance Partly Paid Shares Update

The first call of Rs. 314.25 payable from May 17, 2021, to May 31, 2021, both days inclusive

Second & final call of Rs. 628.50 payable from November 15, 2021, to November 29, 2021, both days inclusive.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

The United States has proposed additional tariffs on a slew of Indian imports including basmati rice, sea food, jewellery, bamboo, semi precious stones and pearls, in retaliation to India’s 2% digital tax on foreign technology majors

View: Negative for LT Food, KRBL, Avanti feed, Vaibhav Global etc.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

CREDIT SUISSE EXITING POSITIONS AFTER US HEDGE FUND DEFAULT - U.S-BASED HEDGE FUND DEFAULT COULD BE MATERIAL TO Q1 RESULTS

CREDIT SUISSE PB LOSS NORTH OF $4B -SOURCE

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Wonderful changes by Ministry of Company Affairs wef 1st April 2021 to ensure more and more transparency

Schedule III of the Companies Act 2013 contains the general instructions for preparation of Balance Sheet and Statement of Profit and Loss of a Company.

Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by MCA:

1. Now companies have to round off the figures appearing in the financial statements, hitherto it was optional. Further, the criteria for rounding off shall be based on “total income” in place of “turnover”.

2. Company shall disclose Shareholding of Promoters.

3. Current maturities of Long term borrowings shall be disclosed separately.

4. Trade Payables ageing schedule to be given.

5. Trade Receivables ageing schedule to be given.

6. Security deposits shall not be disclosed under ‘Long term loans and advances’ but disclosed under ‘Other non current assets’.

7. The company shall disclose the reason of utilization of funds for the purposes other than for which they were borrowed and shall also disclose the purposes for which the funds were utilised.

8. Company needs to disclose if the books of accounts are tallied with the quarterly or monthly returns filed with banker in cases where company has borrowed funds from banks on the basis securities of current assets, or else a separate reco statement needs to be provided.

9. The company shall provide the details of all the immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held and where such immovable property is jointly held with others, details are required to be given to the extent of the company’s share.

10. In cases where revaluation has been done in case of Property Plant and Equipment, the company shall disclose if the valuation was done by registered valuer.

11. Disclosures to be made where Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and related parties (loans given to promoters as a % of total loans)

12. For Capital-work-in progress, ageing schedule shall be given

13. For Intangible assets under development, aging schedule to be given.

14. Disclosure of any proceedings initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition)Act, 1988 to be made.

15. Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, details to be given.

16. Disclosure of any transactions with companies struck off

17. Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, details and reasons thereof shall be disclosed.

18. Following Ratios to be disclosed:

(a) Current Ratio,(b)Debt-Equity Ratio,(c)Debt Service Coverage Ratio, (d) Return on Equity Ratio,(e) Inventory turnover ratio,(f)Trade Receivables turnover ratio, (g) Trade payables turnover ratio, (h) Net capital turnover ratio, (i) Net profit ratio, (j)Return on Capital employed, (k) Return on investment
(xv) Disclosure of Utilisation of Borrowed funds and share premium to be given
Explanation is required if there’s change of more than 25% as compare to preceding financial year.

19. Further disclosures shall be made where the company has received funds from any persons or entities including foreign entities to further lend or invest or provide any guarantee, security to third parties.

20. Where a scheme of arrangement has been approved, disclosure shall be made of the effect of the same on the books of accounts and any deviation from the accounting standards for the same.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Suez Canal: Stranded container ship Ever Given refloated

https://www.moneycontrol.com/news/world/suez-canal-stranded-ever-given-refloated-6704891.html

Download moneycontrol app: http://m.moneycontrol.com/mom

ETWealth-Smart-Money-Moves-for-New-Earners-20210329.pdf

EXPLAINED: Archegos’s margin call, fire sales and the implications for top investment banks, markets

http://www.cnbctv18.com/market/stocks/explained-archegos-margin-call-bill-hwang-credit-suisse-goldman-sachs-nomura-8757301.htm

Adani Transmission Ltd has signed definitive agreements with Essel Infraprojects Limited (EIL) on 26th March, 2021 for acquisition of Warora-Kurnool Transmission Ltd. (“WKTL”). The acquisition is done at an Enterprise Valuation of WKTL at Rs. 3,370 Crore. Positive

The Board of directors of Dhamput Sugar Mill Ltd, at its meeting held today, considered a potential restructuring proposed jointly by the promoters of the Company, Mr. Gaurav Goel and Mr. Gautam Goel involving the segregation of the management and ownership of different manufacturing facilities/units for cane crushing, co-generation of power and chemicals, equally between the two promoter family groups,

Minda Ind Announced Expansion of Automotive lighting business with the Investment of Rs.90cr and Alloy Wheel business with the Investment of Rs.167cr. Positive


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Lux Ind Ltd informed that the petition for the approving the Scheme of Amalgamation of J.M. Hosiery & Co. Ltd. & Ebell Fashions Private Limited with Lux Industries Limited and their respective shareholders was pleased to sanction the aforesaid Scheme of Amalgamation with Appointed Date being 01 April, 2020. Positive

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Prepare for lockdown, Maharashtra CM Uddhav Thackeray tells chief secretary as Covid cases hit new high
https://timesofindia.indiatimes.com/city/mumbai/prepare-lockdown-plan-maharashtra-cm-uddhav-thackeray-to-chief-secretary/articleshow/81741754.cms
Download the TOI app now:
https://timesofindia.onelink.me/mjFd/toisupershare

World Markets

Dow + 99
Nasdaq - 79
Dax + 69
Nikkei - 57
Hangseng + 69
Sgxnifty + 138 (14760)
Brent Crude 64.72
Dow Fut - 20
Dollar Index 92.95 https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Stocks To Watch

JSW Steel: Implements resolution plan for Bhushan Power & Steel. A sum of Rs 8,614 crore was arranged in a wholly-owned subsidiary through a mix of equity, optionally convertible instruments to JSW Steel and JSW Shiping & Logistics Pvt. Ltd. and the debt availed by PSL funds.

Adani Transmission: Signs definitive agreement with Essel Infraprojects for acquisition of Warara-Kurnool Transmission Ltd. The acquisition will be done for a cash consideration of Rs 3,370 crore. The asset will take the company closer to its target of setting up 20,000 circuit kilometers of transmission lines by 2022.

JSW Energy: Board has approved a proposal for issuance of green bonds by JSW Hydro Energy, the company's material subsidiary, for raising $750 million from international markets. The funds will be raised through issuance of non-convertible, senior, secured, fixed rate green bonds in the international markets, subject to market conditions and receipt of necessary approvals by JSWHEL.

Biocon: Partners with Libbs Farmaceutica to launch generic formulations in Brazil. As part of the out-licensing deal, Biocon will be responsible for drug development and manufacturing while Libbs will leverage its deep expertise and reach in Brazil to import, distribute and market, subject to approval from the country's regulatory agency.

HPCL: Entered into a Share Purchase Agreement for acquisition of shares of HPCL Shapoorji Energy Pvt. Ltd., an associate unlisted company of HPCL from SP Ports Pvt. Ltd., a JV partner. The consideration for the transaction will be paid in cash and is expected to be completed by March 31, 2021. HPCL Shapoorji Energy is in the process of setting and development of 5 MMTPA LNG storage and regasification terminal at Chhara in Gujarat.

Minda Industries: Approves expansion of Balwal Plant capacity to 1.8 lakh wheels per month from 1.2 lakh wheels per month. The fresh investment approved for the same is Rs 167 crore and the expanded production is likely to commence from January 1, 2022. The board has also approved investment to set up a new project for four-wheel lighting in Gujarat for Rs 89.69 crore. The project is expected to be commissioned in January 2022.

India Grid Trust: Has completed acquisition of 49% paid-up capital and management control of the NER II Transmission from Sterlite Grid 4 at the cost of Rs 4,625 crore. The remaining stake will be acquired in one or more tranches. The acquisition has increased IndiGrid's AUM by ~34% to Rs 20,000 crore. The acquisition has also added Rs 40-45 crore per annum to the net distributable cash flow.

Mazagon Dock: The company’s order book stood at Rs 50,705 crore as of January 31, 2021. Further the company has won order for repair of two Indian Coast Guard Fast Patrol vessels namely ICGS Achook and ICGS SB Phule. The repair order is worth around Rs 7 crore. Lumax Industries: Board has approved Capital Expenditure of Rs 80 crore for setting up new manufacturing unit in Sanand, Gujarat to cater to the orders received from MG Motors and other customers. Further, the company will set up an office in Czech Republic to strengthen its technological capabilities.

Bliss GVS Pharma: High Court of Justice, Ghana has granted ex-parte interim relief to the company in a commercial suit for infringement of intellectual property rights and the Registrar has been ordered to seize the infringing products.

Shriram City Union Finance: Board has declared second interim dividend of Rs 10 for FY21. The record date for the same is April 7.

Adani Enterprise: A wholly-owned subsidiary of the company, Adani Road Transport, has incorporated a wholly owned subsidiary called PRS Tolls. The company will act as a Special Purpose Vehicle for implementation of the road project to be awarded by NHAI.

PNC Infratech: Has approved divestment of its entire stake of 35% in Ghaziabad Aligarh Expressway, an associate of the company to Cube Highways and Infrastructure PTE.

South Indian Bank: The RBI has given final approval for setting up of Wholly-Owned Non-Financial Subsidiary for undertaking activities permitted by the central bank.

NBCC: Has awarded the work for redevelopment of Netaji Nagar in New Delhi on an EPC basis including operation and maintenance to NKG Infra for at Rs 1,356 crore. https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Pledge Share Details

Adani Ports & SEZ: Promoter Group revoked pledge of 9.80 lakh shares on March 25.

Apollo Tyres: Promoters Apollo Finance and Sunrays Properties and Investments Company revoked pledge of 98.83 lakh shares between March 22-25.

Aurobindo Pharma: Promoters created a pledge of 23.80 lakh shares between March 23-25.

Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 60 lakh shares on March 24.

Emami: Promoter Sneha Gardens revoked pledge of 5 lakh shares on March 23. Promoter Sneha Enclave created a pledge of 7.90 lakh shares on March 24.

Gayatri Projects: Promoter T Reddy invoked pledge of 5 lakh shares on March 23.

Jindal Steel & Power: Promoter Siddeshwari Tradex revoked pledge of 15.50 lakh shares on March 24.

Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 19.70 lakh shares on March 24.

Wockhardt: Promoter Themisto Trustee Company created a pledge of 10.50 lakh shares between March 23-26. https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*