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BSE Daily Announcements

Bharat Forge
Bharat Forge has decided to further extend the suspension of its Operations at all the offices and manufacturing locations in India till 14 April 2020.

This action is in line with the announcement made by the Hon'ble Prime Minister of India regarding 21 days lockdown.

Britannia Inds.
Britannia Industries announced that the company manufactures food products which are considered as Essential Commodities for the consumers. However, due to lock down ordered by the Government of India across the country to contain the spread of COVID-19, the operations of the Company have also been disrupted.

While ensuring that all necessary steps are being taken to minimize the risk to our employees and distribution channels, the company is working with the authorities to restore operations of its factories, depots and distribution centres to ensure continuous supply of products to consumers.

Guj Alkalies
Gujarat Alkalies & Chemicals announced that in line with the Government of India's announcement on 24 March 2020 to observe nation-wide lockdown for 21 days with effect from 25 March 2020 upto 14 April 2020, the Company has also decided to continue the shut-down of its plants at Baroda and Dahej Complexes until further orders from the Government.

Meanwhile, the company has started temporary operation of its Stable Bleaching Powder (SBP) Plant at Dahej from yesterday i.e. 30 March 2020 as this product is required by various Municipal Corporations for disinfectant purpose. Operation of other plants are still under shut-down conditions

Gujarat State Fertilizers & Chemicals announced that as per directives of Central Government, Management has reviewed the plant start-up of Fertilizers manufacturing plants at Baroda Unit and Sikka Unit. The details of such plants are given herein below with its Proposed startup date -

1) Ammonia-IV plant will begin its Start-up activities after from 6 April 2020 (Monday). Plant will run at @ 55% load.
2) Urea-II plant will start on 10 April 2020 and will start producing Urea by 11 April 2020 at partial load. The plant will be loaded up gradually to 100%.
3) Ammonium Sulphate -1 plant will start its Operation on 11 April 2020 and will start producing Ammonium sulphate at desired capacity.

Hero Motocorp
Hero MotoCorp announced that members of the Promoter and Promoter Group of Hero MotoCorp have bought 2.76 lakh shares (0.14% of capital) of the Company. With the purchase of these shares, the promoter and promoter group shareholding in the Company will increase from 34.63% to 34.77%.
Sanofi India
Sanofi India announced the cessation of Rangaswamy R. Iyer as an Independent Director of the Company, on completion of his tenure on 30 March 2020.
Reliance Inds.
Reliance Industries announced that the Board of the company will meet on 02 April 2020 to consider raising of funds by way of issuance of listed, secured / unsecured, redeemable non-convertible debentures on private placement basis, in one or more tranches / series.
Supreme Inds.
Supreme Industries announced that it has completed the exit from Kumi Supreme India, a joint venture incorporated pursuant to a joint venture agreement dated 4 April 2018 (JV Agreement) between the Company and Kumi Kasei Co., Japan (Kumi), by way of a sale of the 25,025,611 equity shares, constituting 20.67% of the share capital to a nominee of Kumi in terms of the share purchase agreement (SPA) dated 23 March, 2020 and a termination agreement (Termination Agreement), dated 31 March, 2020, with, inter alia, Kumi and KSI.

As an outcome of the exit completion, KSI ceases to be an associate of the Company.

Automotive Axles
Automotive Axles announced that the company has decided to suspend Operations at all their offices and manufacturing locations in India up to 14 April, 2020 to ensure employee safety and to restrict the spread of the Coronavirus (Covid19).
Sical Logistics
Sical Logistics announced that due to the imposition of nationwide lockdown by the Government of India from 25 March, 2020 to 14 April, 2020 [21 days] on account of the COVID-19 Pandemic, all its employees working in various locations have been advised to WORK FROM HOME excepting those working in our Port Terminals, Container Freight Stations and Mining units until 14 April, 2020. Such locations are operating with adequate precautionary measures to stay safe and as per the instructions from the appropriate government authorities.