Kwality Ltd. Corporate Filings & Announcements

Latest corporate announcements and filings from Kwality Ltd. on BSE

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Kwality Ltd.

25 Jan 2022, 06:23PM

Company Update

Kwality Limited - 531882 - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) …

BSE India

In furtherance to our earlier communique dated January 19, 2022, whereby it was intimated, inter alia, that as per the order dated December 21, 2021 by Hon'ble Adjudicating Authority, National Company Law Tribunal (NCLT), the successful bidder viz. Sarda Mines Private Limited (SMPL) has deposited full consideration of INR 121 Crores together with interest (after deducting TDS) (where such interest portion is sub-judice and is subject to the outcome of the directions of the Hon'ble NCLT in I.A. No. 5208 of 2021) for sale of Kwality Limited (In Liquidation) as a going concern under the provisions of the Insolvency & Bankruptcy Code, 2016 (IBC) and the Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations) framed thereunder.

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Kwality Ltd.

25 Jan 2022

Company Update

Kwality Limited - 531882 - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) …

BSE India

In furtherance to our earlier communique dated January 19, 2022, whereby it was intimated, inter alia, that as per the order dated December 21, 2021 passed by Hon'ble Adjudicating Authority, National Company Law Tribunal, New Delhi Bench-III (NCLT) in I.A. No. 5208 of 202 filed by the successful bidder viz. Sarda Mines Private Limited (SMPL), SMPL has deposited full consideration of INR 121 Crores together with interest (after deducting TDS) (where such interest portion is sub-judice and is subject to the outcome of the directions of the Hon'ble NCLT in I.A. No. 5208 of 2021) for sale of Kwality Limited (In Liquidation) as a going concern under the provisions of the Insolvency & Bankruptcy Code, 2016 (IBC) and the Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations) framed thereunder

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Kwality Ltd.

19 Jan 2022

Company Update

Kwality Limited - 531882 - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) …

BSE India

In furtherance to our communique dated 3rd January 2022, whereby it was intimated that the Hon''ble NCLT vide order dated 21st December 2021 directed the Successful Bidder to pay the balance consideration to the tune of INR 116 Crores in terms of Letter of Intent dated 14th October 2021 executed between Successful Bidder and the Liquidator by 3rd January 2022. That in compliance to the order dated 21st December, 2021, the successful bidder has deposited the balance sale consideration of INR 116 Crores in the designated liquidation bank account of the Corporate Debtor on 3rd January 2022.

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Kwality Ltd.

13 Jan 2022

Company Update

Kwality Limited - 531882 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

BSE India

Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, please find enclosed a copy of the certificate for the quarter ended as on 31st December, 2021 as received from Beetal Financial & Computer Services Private Limited, the Registrar and Share Transfer Agent of the Company.

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Kwality Ltd.

13 Jan 2022

Company Update

Kwality Limited - 531882 - Statement Of Investor Complaints For The Quarter Ended December 2021

BSE India

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 :- Sharad BhandariDesignation :- Chief Financial Officer

Kwality Ltd.

04 Jan 2022

Company Update

Kwality Limited - 531882 - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) …

BSE India

In furtherance to our communique dated December 28, 2021, whereby it was intimated that the Hon''ble NCLT vide order dated 21st December 2021 directed the Successful Bidder to pay the balance consideration to the tune of INR 116 Crores in terms of Letter of Intent dated 14.10.2021 executed between Successful Bidder and the Liquidator on 3rd January 2022. This is to bring to your knowledge that in compliance to the order dated 21st December, 2021, the successful bidder has deposited the balance sale consideration of INR 116 Crores in the designated liquidation bank account of the Corporate Debtor today i.e. 3rd January 2022.

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Kwality Ltd.

28 Dec 2021

Company Update

Kwality Limited - 531882 - Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) …

BSE India

In furtherance to our communique dated September 28, 2021, whereby it was intimated that pursuant to e-auction for sale of Kwality Limited (In Liquidation) as a going concern under the provisions of the Insolvency & Bankruptcy Code, 2016 ('IBC'), the Liquidator of Kwality Limited (in liquidation) ('Kwality') declared the successful bidder Kwality and issued the draft Letter of Intent dated September 27, 2021 ('LoI') in favour of the Successful Bidder for execution. The successful bidder executed the LoI on October 14, 2021. In terms of Clause 15.3 of the Process Memorandum read with Clause 5 of the duly executed Letter of Intent ('LoI') and as provided under Regulation 32 of the IBBI (Liquidation Process) Regulations, 2016 framed under the IBC, the Successful Bidder is required to deposit the entire sale consideration/Bid Amount within maximum period of 90 (ninety) days from date of execution of the LoI i.e. November 13, 2021.

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Kwality Ltd.

30 Nov 2021

Company Update

Kwality Ltd - 531882 - Announcement under Regulation 30 (LODR)-Newspaper Publication

BSE India

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of advertisement published in newspaper regarding Unaudited Financial Result for the quarter and half year ended on 30th September, 2021 in accordance with Regulation 33 and other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Kwality Ltd.

30 Nov 2021

Company Update

Kwality Limited - 531882 - Announcement under Regulation 30 (LODR)-Newspaper Publication

BSE India

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Kwality Ltd.

29 Nov 2021

Result

Kwality Limited - 531882 - Unaudited Financial Result For September, 2021

BSE India

We, hereby, inform that pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Meeting held today i.e. November 29, 2021, concluded at 06: 15 P.M. chaired by Liquidator along with the KMP, Mr. Sharad Bhandari, Chief Finance Officer of Kwality Limited to discuss and approve the following matters: 1. The Standalone and Consolidated Unaudited Financial Results for the quarter & half year ended as on 30th September, 2021. 2. The Limited Review Report given by the Statutory Auditors for the quarter & half year ended as on 30th September, 2021. 3. The Standalone and Consolidated Cash Flow Statement for the quarter & half year ended as on 30th September, 2021.

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Is Kwality Ltd. worth buying?

487 Votes:

Buy 74.13%

Sell 14.37%

Hold 11.5%