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As on 24 Sep 2020 Your results on : BSE    
Balkrishna Inds

The Board of Balkrishna lndustries at its meeting held on 24 September 2020 has accepted resignation of Basant Bansal as Chief Financial Officer (Key Managerial Personnel) of the Company w.e.f. 28 August, 2020. The Board has approved the appointment of Madhu Sudan Bajaj - President (Commercial) of the Company who is Chartered Accountant with over 35 years of experience in Commercial and lnternal Audit of the Company etc, as Chief Financial Officer (Key Managerial Personnel) of the Company and is redesignated as "President (Commercial)and CFO of the Company w.e.f. 24 September,2020.

BASF India

BASF India announced that CRISIL has reaffirmed rating at ‘CRISIL AAA' and assigned ‘Negative' outlook on the Non-Convertible Debenture Programme of the Company (earlier ‘Rating Watch with Negative Implications').

The ratings on the Fixed Deposits and Commercial Paper have been reaffirmed at ‘FAAA/Stable' and ‘CRISIL A1+', respectively.

CRISIL's Commercial Paper ratings are in addition to the credit rating of “IND A1+” awarded to the Company by India Ratings and Research Private Limited (A Fitch Group Company) for Commercial Paper programme of Rs. 750 crore.

Bombay Burmah

Bombay Burmah Trading Corporation has approved an issue of 750 secured listed rated redeemable non-convertible debentures of the face value of Rs 10 lakh each, for cash at par, for an aggregate amount of Rs 75 crore on private placement basis. The deemed date of allotment is 28 September 2020.

CG Power & Indu.

CG Power & Industrial Solutions announced that the 83rd Annual General Meeting (AGM) of the company will be held on 19 October 2020.


Housing Development Finance Corporation has allotted 17,64,998 equity shares of Rs. 2 each of the Corporation pursuant to exercise of stock options by certain director and employees of the Corporation.

Post the above allotment, the paid-up share capital of the Corporation is Rs. 359,16,11,864 consisting of 179,58,05,932 equity shares of Rs. 2 each.

Kesoram Inds.

Kesoram Industries announced that the 101st Annual General Meeting (AGM) of the company will be held on 29 September 2020.

M & M

Mahindra & Mahindra announced that the company has converted 480 Compulsorily Convertible Preference Shares of Sampo Rosenlew Oy, Finland, an Associate of the Company (”Sampo”) into 1,440 equity shares and exercised a Call Option to acquire 633 equity shares from the owners of Sampo. Pursuant to the said transaction, the voting rights of the Company in Sampo would increase from 49.14% to upto 74.97%, and Sampo would become a subsidiary of the Company.

Harvesting machinery is the second largest category in the global farm equipment industry. Mahindra's scale in tractors and Sampo's expertise in combine harvesters allows both companies to offer a broader product portfolio to address the needs of farmers in various countries.

In India the combine harvester market is currently much smaller than tractors but is growing rapidly with the penetration of mechanisation. It is imperative that the Company builds a strong position in this product line for India and other export markets.

Sampo is the global engineering center for the Company's harvester product line. Also various new product development programmes are underway with both the engineering teams working jointly.

Post conversion of CCPS and acquisition of shares as mentioned above, Sampo would become a subsidiary of the Company.


The Committee of Directors of Raymond approved the issue of Non-Convertible Debentures of Rs. 100 crore on private placement basis. The deemed date of allotment is 29 September 2020 and tenure for the NCDs is 1095 days.

National Standar

National Standard (India) announced that the 57th Annual General Meeting (AGM) of the company will be held on 30 September 2020.

Dr Reddy's Labs

Dr Reddys Laboratories has allotted 14,284 equity shares of Rs.5/- each of the Company, fully paid up, on 23 September 2020 to Employees on exercise of their Stock Options.

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