INDIA NIPPON ELECTRICALS LTD. - 532240 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
The Share Purchase Agreement entered into between LIS and MHIPL stipulates that the consideration for the said transfer of not more than 30,00,000 equity shares from MHIPL to LIS shall be agreed upon by the Parties in writing prior to the closing date. Now, the parties have mutually agreed that the closing date for the transaction shall be 26th June 2023. INDIA NIPPON ELECTRICALS LTD. - 532240 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lucas Indian Service Ltd INDIA NIPPON ELECTRICALS LTD. - 532240 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lucas Indian Service Ltd INDIA NIPPON ELECTRICALS LTD. - 532240 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
Lucas Indian Service Limited (LIS), one of our promoter entities holding 1,14,92,588 equity shares of the company, which is 50.80% of the company's equity share capital, proposes to acquire/ carry out an exempted inter-se transfer of not more than 30,00,000 equity shares of the company from Mahle Holding (India) Private Limited (MHIPL) and 14,14,786 equity shares of the company from Mahle Electric Drives Japan Corporation (MEDJ), the other promoter entities of the company respectively under Regulation 10(1)(a)(ii) read with Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and in this connection, the following Share Purchase Agreements were executed on 19th June, 2023: 1. Share Purchase Agreement between LIS and MEDJ for acquisition of 14,14,786 equity shares of the company and 2. Share Purchase Agreement between LIS and MHIPL for acquisition of 30,00,000 equity shares of the company. INDIA NIPPON ELECTRICALS LTD. - 532240 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24A (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are attaching herewith the Secretarial Compliance Report for the year ended 31st March 2023 issued by Ms. B Chandra (ACS No.20879/ CP No.7859), Practicing Company Secretary and Secretarial Auditor of the Company. INDIA NIPPON ELECTRICALS LTD. - 532240 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to bring to your notice that Mr.Arvind Chhabra, Indore, who is holding 1856 equity shares of the company has reported to the company about the loss of share certificate and requested the company for issue of duplicate share certificate(s). We are enclosing herewith a copy of the e.mail of the RTA, Cameo Corporate Services Limited (Cameo), Chennai for reference. The company is in the process of verifying the relevant documents including Form ISR-4 from the shareholder and after completion of all the procedural requirements in this regard, the RTA, Cameo, will issue, a 'Letter of Confirmation', in lieu of physical share certificate(s), to the rightful owner/ shareholder pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022. We request you to take the above on record. INDIA NIPPON ELECTRICALS LTD. - 532240 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find attached a copy of the notice published today i.e., 27th May 2023, in all editions of the following newspapers in respect of the audited financial results for the quarter and year ended 31st March 2023. Published in Newspaper Purpose Date of Publication Business Standard (English) and Dinamani (Tamil) Please take the above on your record. INDIA NIPPON ELECTRICALS LTD. - 532240 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find attached a copy of the notice published today i.e., 27th May 2023, in all editions of the following newspapers in respect of the audited financial results for the quarter and year ended 31st March 2023. Published in Newspaper Purpose Date of Publication Business Standard (English) and Dinamani (Tamil) Please take the above on your record. INDIA NIPPON ELECTRICALS LTD. - 532240 - Announcement under Regulation 30 (LODR)-Meeting Updates
We wish to inform that, the Board of Directors of India Nippon Electricals Limited ("the Company") at their Board Meeting held today i.e., 26th May 2023, has considered and approved the appointment of M/s RGN Price & Co., Chartered Accountants, as Internal Auditors to conduct the Internal Audit for the financial years 2023-24 and 2024-25 and Mr K Suryanarayanan, Cost Accountant, as Cost Auditor for the financial year 2023-24, on the recommendation of the Audit Committee. Disclosures required pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September 2015 is enclosed as Annexure. INDIA NIPPON ELECTRICALS LTD. - 532240 - Board Meeting Outcome for The Outcome Of The Board Meeting Held On 26Th May 2023
Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2023: 1.1 The Board of Directors at their meeting held today, approved the annual audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2023. In terms of Regulation 30 of the Listing Regulations, we are enclosing the same for your information and record (Annexure 1). 1.2 Pursuant to Regulation 33 of the Listing Regulations, the auditors' report, for the annual audited financial results (standalone and consolidated) is enclosed for your information and record (Annexure 2). 1.3 We hereby confirm and declare that the Statutory Auditors, M/s Deloitte Haskins & Sells LLP, Chartered Accountants, Chennai having Registration No. ICAI Regn.117366W/W-100018, have issued a report containing unmodified opinion on the standalone and consolidated financial results for the year ended 31st March 2023