AUSOM ENTERPRISE LTD
Commencement of hydro project of M/s. Swadeshi Distributors LLP,a Joint Venture ofthe CompanyWe refer our previous communication made vide letter (copy attached) dated 29th October, 2015, regarding the approval for investment in M/s. Swadeshi Distributors LLP, engaged in the business of generation of Hydro-power with a stake upto 80 %.
In compliance of Regulation 30 of the SEBI (Listing Obligation and Disclosures Requirements) Regulations, 2015, we wish to inform you that the 9MW Salun Hydro Electric Power Project of M/s. Swadeshi Distributors LLP Located at Salun at Village Heiling, Tehsil Bharrnour, District Charnba, Himachal Pradesh, have started its commercial operations w.e.f 18th November, 2019.
The Company has received intimation of the commencement of commercial operations on 25th November, 2019 from M/s. Swadeshi Distributors LLP.
COROMENDAL INTERNATIONAL
Compliance under Regulation 37(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the proposed Scheme of Amalgamation with wholly owned subsidiaries, viz., Dare Investments Limited ("OIL") and Liberty Pesticides and Fertilizers Limited ("LPFL") with Coromandel lnternational Limited ("CIL").L&T Finance Holdings Limited
Offer for issuance of Cumulative Compulsorily Redeemable Non-Convertible Preference Shares on a private placement basis ("Issue") by L&T Finance Holdings Limited ("Company")
MAX INDIA
Approval of the Board of directors of the Company to the proposal relating to divestment of entire equity shareholding of the Company held in its material subsidiary viz. Pharmax Corporation Limited (equivalent to 85.17% of Pharmax's total issued and paid-up equity share capital) to Max Estates Limited. In regard to the same, we would like to inform that the divestment of entire equity shareholding of the Company in Pharmax Corporation Limited has been completed on November 25, 2019 and the Company has received Rs.60.73 Crore as consideration for the said divestment in terms of the Share Purchase Agreement executed amongst Max Estates Limited, Max India Limited and Pharmax Corporation Limited. Consequently, Pharmax Corporation Limited ceased to be a subsidiary of Max India Limited w.e.f. November 25, 2019.
SEAMEC PRINCESS
Further to our letter no. SEAMEC/BSE/SM0/332/19 dated 17th October, 2019, we wish to inform you that the Company's subject vessel "SEAMEC PRINCESS" has been contracted with M/s. Posh Subsea Pte Limited. for working at Mumbai High Offshore, The tenure of the Contract is for firm period of 180 days with option of extension. The value of charter during firm period is USO 4.86 million.THANGAMAYIL JEWELLERY
Opening of new branch (Exclusively Silver articles) at Kilakari, Ramanathapurarn District, Tamil NaduWe are glad to inform you that we have opened our 47th Branch 'at Kilakari, Ramanathapuram District, Tamil Nadu on 24th November, 2019.