Turnaround Corporate Advisors Private Limited ("Manager to Open Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Network Ltd ("Target Company").
In terms of the Company's Code of Conduct to regulate, monitor and report trading by Designated Persons and pursuant to SEBI ( Prohibition of Insider Trading) Regulations, 2015 (as amended from time to time), the trading window for dealing in the securities of the Company shall be closed for all Designated Persons of the Company, including their immediate relatives from Wednesday, 1st July, 2020 till 48 hours after the declaration of the Un-audited financial results of the Company for the quarter ended June 30, 2020.
Turnaround Corporate Advisors Private Limited ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and Regulation 4 read with Regulation 13(4), Regulation 14(3) and Regulation 15(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the Public Shareholders of Network Ltd ("Target Company").
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed disclosure on Related Party Transactions for the period ended March 31, 2020 The same is for your information and record.
Turnaround Corporate Advisors Private Limited ("Manager to the Offer") has submitted to BSE a copy of Public Announcement as required under Regulation 3(1) and Regulation 4 read with Regulation 13, Regulation 14 and Regulation 15(1) of the SEBI(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the attention of the Public Shareholders Network Ltd ("Target Company").
In compliance of Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/27/2019 dated February 08, 2019, we enclosed herewith the '' Annual Secretarial Compliance Report'' for the financial year ended as on March 31, 2020. Kindly take the above on record and acknowledge.
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompayNETWORK LTD. 2CINL32209DL1989PLC034797 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 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: Vikas Jain Designation: Company Secretary EmailId: network.limited@gmail.com Name of the Chief Financial Officer: Ashok Kumar Designation: Chief Financial Officer EmailId: network.limited@gmail.com Date: 25/05/2020 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.
Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Compliance Certificate certifying maintaining physical & electronic transfer facility for the half year ended 31st March, 2020 for equity shares listed on the stock exchanges. This is for your kind information and records please.
Pursuant to Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Certificate for the half year ended 31.03.2020, duly signed by Practicing Company Secretary.
