Axita Cotton Ltd - 542285 - Resignation Of Internal Auditor Of The Company.
In terms of the provisions of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please be informed that Mr. Harsh Shah, Chartered Accountant (Membership Number 189228) has resigned from the post of Internal Auditor of the Company for the Financial Year 2019-20. The copy of resignation letter is attached herewith for your information. Axita Cotton Ltd - 542285 - Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015.
We would like to inform you that pursuant to Regulation 15(2) of SEBI (LODR) Regulations, 2015, the compliance with the corporate governance provisions as specified in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clause (b) to (i) of Sub-Regulation (2) of Regulation 46 and Para C, D and E of Schedule V, shall not apply, in respect of: a) The listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore, as on the last day of the previous financial year; b) The listed entity which has listed its specified securities on the SME Exchange. We fall into category b) as above because our equity shares (specified securities) listed on the BSE SME Exchange, therefore, Regulation 23 (9) is not applicable to our Company. Hence, our Company is not required to submit Related Party Transactions disclosure as required under Regulation 23 (9) of the SEBI (LODR) Regulations, 2015. Kindly take note of the same. Axita Cotton Ltd - 542285 - Regulation 32 Under SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015.
Please find enclosed herewith Statement of Deviation or Variation under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 for the period ended March 31, 2019. There was no deviation in the utilization of proceeds of public issue from the objects as stated in the prospectus of the issue. Axita Cotton Ltd - 542285 - Submission Of Audited Financial Results For The Half-Year Ended March 31, 2019 Per SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
The Board of Directors at its meeting held today, has approved the Standalone Audited Financial Results of the Company for the half year and year ended March 31, 2019 as recommended by the Audit Committee. 1. Statement showing the Audited Financial Results for the half year and year ended March 31, 2019. 2. Auditor''s Report with Declaration of unmodified opinions on the Audited Financial Results; 3. Declaration pursuant to Regulation 33(3)(d) of the securities & Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 Axita Cotton Ltd - 542285 - Outcome of Board Meeting
The Board of Directors of the Company at their meeting held today i.e. May 29, 2019, has inter alia, considered and approved the following: 1. Audited standalone financial results of the Company for the half-year and year ended on 31st March, 2019 alongwith Auditor's Report of the Statutory Auditors thereon attached herewith; We declare that the aforesaid Audit Reports are with unmodified opinion. 2. Re-appointment of Mr. Anand S. Lavingia, Practising Company Secretary as Secretarial Auditor of the Company for Secretarial Audit of the Company for F.Y. 2019-20. Brief profile of Secretarial Auditor is enclosed. 3. Appointment of Mr. Harsh Shah, Chartered Accountant, (Membership No: 189228) as an internal Auditors of the Company for Internal Audit of the Company for F.Y. 2019-20. Brief profile of Internal Auditor is enclosed. 4. All other businesses as per agenda circulated. Axita Cotton Ltd - 542285 - Closure of Trading Window
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 read with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018 read with Circular No. LIST/COMP/01/2019-20 dated 2nd April, 2019 issued by BSE, the trading window has been closed from Wednesday, April 03, 2019 till 48 hours after the declaration of Financial Results for the half year and year ended March 31, 2019. The Trading Window of the Company will open from Monday, June 03, 2019. Axita Cotton Ltd - 542285 - Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Wednesday, May 29, 2019
Axita Cotton Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2019 ,inter alia, to consider and approve This is to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, May 29, 2019 at 03:30 p.m. at the registered office of the Company at Servey No. 324 357 358 Kadi Thol Road Borisana Kadi Mahesana- 382715, Gujarat inter alia, to consider and approve the following: 1. To consider and approve the Audited Financial Results of the Company for the half year and year ended on March 31, 2019; 2. To consider and approve the Audited Financial Statement for the Year ended on March 31, 2019; 3. To consider other business items. Axita Cotton Ltd - 542285 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayAxita Cotton Ltd 2CININE02EZ01014 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 3 4Highest Credit Rating during the previous FY BB+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: DEEPAK CHAUBISA Designation: COMPANY SECRETARY & COMPLIANCE OFFICER EmailId: cs@axitacotton.com Name of the Chief Financial Officer: RIYA PATEL Designation: CHIEF FINANCIAL OFFICER EmailId: patelriya486@gmail.com Date: 29/04/2019 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. Axita Cotton Ltd - 542285 - Compliance Certificate Of Practicing Company Secretary (PCS) Under Regulation 40(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended On March 31, 2019
Pursuant to Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the compliance certificate received from Mr. Anand Lavingia, Practicing Company Secretary for the half year ended on March 31, 2019. Kindly take the same on your records. Axita Cotton Ltd - 542285 - Compliances-Certificate under Reg. 54 (5) of SEBI (DP) Regulations, 1996
Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, we hereby submit the Certificate for the quarter ended 31st March, 2019 received from Link Intime India Private Limited, Registrar and Share Transfer Agent of our Company. Please take note of the same.