Company news: Nava Bharat Ventures
Nava Bharat Ventures on Wednesday clarified about the operations of its step- down subsidiary Maamba Collieries Ltd (MCL), Zambia. The subsidiary has15-05-2019
15-05-2019
Nava Bharat Ventures Ltd - 513023 - Update On Maamba Collieries Ltd., Our Zambian Step Down Subsidiary
..70% Receivables realized and Debt down by 25%.. The following perspective is in response to certain enquiries from the investors concerning our step down subsidiary, Maamba Collieries Limited, Zambia (MCL). MCL has been operating an integrated 300 MW (2X150 MW) coal fired power plant and selling power under a long term Availability Based Power Purchase Agreement (PPA) with ZESCO, the local Utility. ZESCO has been effecting part payments on a monthly basis and bulk payments at different intervals, against power purchase from MCL and Investors will be pleased to know that as on March 31, 2019, MCL has already realized over 70% of the total amounts billed since synchronization of the power plant with the Grid. We are also glad to inform you that MCL is up to date on all its debt service obligations and the long term debt is down by 25%.15-05-2019
Nava Bharat Ventures Ltd - 513023 - 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 CompayNAVA BHARAT VENTURES LTD. 2CININE725A01022 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 287 4Highest Credit Rating during the previous FY A 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: VSN Raju Designation: Company Secretary & Vice President EmailId: vsnraju@nbv.in Name of the Chief Financial Officer: T. Hari Babu Designation: Chief Financial Officer EmailId: tharibabu@nbv.in Date: 26/04/2019 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.26-04-2019
Nava Bharat Ventures Ltd - 513023 - Operational Data Of Sugar Division For The Month Of April, 2019
Please find enclosed the operational data of the Company's Sugar Division for the month of April, 2019 which is being submitted to South Indian Sugar Mills Association (SISMA). The above figures have not been independently verified or audited. As such, the final figures after audit may vary.22-04-2019
Nava Bharat Ventures Ltd - 513023 - Shareholding for the Period Ended March 31, 2019
Nava Bharat Ventures Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2019. For more details, kindly Click here16-04-2019
Nava Bharat Ventures Ltd - 513023 - Compliance Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended March 31, 2019
Please find enclosed the Compliance Certificate under Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended March 31, 2019 duly signed by the Compliance Officer of the Company and authorized representative of the Registrar & Share Transfer Agent.12-04-2019
Nava Bharat Ventures Ltd - 513023 - Statement Of Investor Complaints For The Quarter Ended March 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 0110 Name of the Signatory :- VSN RajuDesignation :- Company Secretary and Compliance Officer12-04-2019
Nava Bharat Ventures Ltd - 513023 - Certificate Under Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Please find enclosed the certificate issued by the Practicing Company Secretary, Mrs. D. Renuka, for the half year ended March 31, 2019 in terms of Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the effect that the Company has complied with the requirements in terms of the said Regulation. Kindly take the same on record and acknowledge the receipt.08-04-2019
Nava Bharat Ventures Ltd - 513023 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed the copies of advertisement published in Business Standard (English) and Nava Telangana (Telugu) dated April 4, 2019 pursuant to SEBI Circular dated November 6, 2018 (Standardized norms for transfer of securities in physical mode).04-04-2019
Nava Bharat Ventures Ltd - 513023 - Quarterly Disclosure Of Details Of Benefits Granted/Shares Allotted In Pursuance Of Employee Benefit Schemes Which Are Not In Alignment With SEBI (ESOS And ESPS) Guidelines, 1999
please find enclosed herewith the details of allotment of shares/grant of benefit made during the quarter ended March 31, 2019 pursuant to non-aligned schemes by Nava Bharat Ventures Limited as per the prescribed format for the quarter ended March 31, 2019.04-04-2019