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Proseed India Ltd - 590057 - Intimation Of Initiation Of Corporate Insolvency Resolution Process (CIRP) And Appointment Of Interim Resolution Professional (IRP) In The Matter Of Proseed India Limited (CIN:L01403TG2002PLC039113)

 I, CS Venka Reddy Bathina, Insolvency Professional, bearing IP Registration No. IBBI/IPA-002/IPN00645/ 2018-2019/12032, hereby inform you CIRP has been initiated in respect of Proseed India Limited under the provisions of Sec 16 of Insolvency and Bankruptcy Code, 2016 ('Code') by an order of National Company Law Tribunal ('NCLT') pronounced on 10 July 2019 vide order in CP (IB) No. 218/9/HDB/2019 (Order uploaded and received on 23 July 2019) confirming the appointment of the undersigned as Interim Resolution Professional. As per Section 17 of the Code, the powers of the Board of Directors of Proseed India Limited stands suspended and such powers shall be vested with me. It may further be noted that in consonance with the stipulations contained in Section 14 of the Code, a moratorium has been declared vide the aforesaid order in CP (IB) No. 218/9/HDB/2019 passed by NCLT, extract of certain significant clauses which require your attention reproduced for your perusal.
26-07-2019
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Proseed India Ltd - 590057 - Initiation Of CIRP Commencement Of Proseed India Limited

 Pursuant to an Order dated 23rd July, 2019 of the National Company Law Tribunal, Hyderabad Bench, Corporate Insolvency Resolution Process ('CIRP') has been initiated for Proseed India Limited ('Company' or 'Corporate Debtor') as per the provisions of the Insolvency and Bankruptcy Code, 2016. The NCLT has also appointed Mr. Venka Reddy Bathina as the 'Interim Insolvency Resolution Professional' under Section 13(1) (C) of IBC, 2016.
24-07-2019
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Proseed India Ltd - 590057 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

 In Compliance with Regulation 74 (5) of SEBI (Depositories and Participants) Regulations, 2018 we are forwarding herewith a copy of the Certificate, received from M/s. CIL SECURITIES LIMITED, the Registrar and share Transfer Agent of the Company, for the quarter ended 30th June, 2019. This is for your Information and Records. Yours Faithfully,
19-07-2019
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Proseed India Ltd - 590057 - Shareholding for the Period Ended June 30, 2019

 Proseed India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2019. For more details, kindly Click here
17-07-2019
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Proseed India Ltd - 590057 - Statement Of Investor Complaints For The Quarter Ended June 2019

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0000 Name of the Signatory :- D V S Prakash RaoDesignation :- Director
16-07-2019
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Proseed India Ltd - 590057 - Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015

 This is to inform you that Barret Commodity Traders Private Limited has filed an application with National Company Law Tribunal (NCLT), Hyderabad Bench against Proseed India Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016. National Company Law Tribunal (NCLT), Hyderabad Bench admitted the application/petition and an order pronounced in open court. The Company is yet to receive the final orders. Copy of the order pronounced in the open court is enclosed as Annexure A.
12-07-2019
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Proseed India Ltd - 590057 - Closure of Trading Window

 It is hereby informed that in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and pursuant to the company's code of conduct to Regulate, Monitor and Report Trading by Designated Persons, the Trading Window for dealing in securities of the Company will remain closed for all concerned persons with effect from 1st July, 2019 till 48 hours after the declaration of financial results of the Company for the quarter ending 30th June, 2019. This is for your information and record.
28-06-2019
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Proseed India Ltd - 590057 - Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) as amended from time to time, we are enclosing herewith note on Related Party Transactions, prepare in accordance with applicable Accounting Standards. We request you to kindly take the same on record.
21-06-2019
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Proseed India Ltd - 590057 - Non Applicability Of Annual Secretarial Compliance Report For The Year Ended 31St March, 2019

 This is to inform you that Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirement) (Amendment) Regulations, 2018 read with SEBI Circular No. LIST/COMP/10/2019-20 dated 09.05.2019 is not applicable to the Company. Further, we would like to clarify that M/s. Proseed India Limited is claiming exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 as Corporate Governance regulations shall not apply to the listed entities having paid up equity share capital not exceeding Rs. 10 Crores and Net worth not exceeding Rs. 25 Crores as on the last day of previous financial year. The paid up equity share capital of the Company is Rs. 9,61,08,436 and the Net worth of the Company for the Financial year is less than Rs. 25 Crores as on the last day of the previous financial year i.e. 31st March, 2019 respectively.
28-05-2019
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Proseed India Ltd - 590057 - Audited Financial Results (Standalone) For The Quarter / Year Ended On 31St March, 2019 And Outcome Of The Board Meeting.

 We hereby inform you that the Board of Directors of the Company at its meeting held on today has: 1. Approved the Audited Standalone Financial Results for the quarter / year ended on 31st March, 2019 2. Pursuant to the Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 we enclose herewith following: Audited Standalone Financial Results of the Company for the quarter/ year ended on 31st March, 2019 Auditor's report on Standalone Financial Results of the Company A Declaration to the effect that Pursuant to the SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016, there is unmodified opinion with respect to the Annual Audited Financial Results (Standalone) for the Year ended 31st March, 2019. 3.Mr. Kota Srinivas, Practicing Company Secretary has been appointed as Secretarial Auditor for the Financial Year 2018-19. 4.Resignation of Mr. Avinash Karingam from the position of CFO in the Company;
23-05-2019
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