We are pleased to inform you that the Honorable NCLT, Hyderabad Bench, on January 19, 2021 allowed the Scheme of Reduction of Capital of the Company and passed the Order after giving an opportunity of being heard on the Competent Authorities such as SEBI, Regional Director (SER) and ROC-Telangana. Accordingly, a detailed Order has now been posted on its website on January 20, 2021 which is enclosed to this letter and also posted on our website at: https://www.nbventures.com/corporate-actions/
We wish to inform that CARE has reviewed and revised the credit ratings of Nava Bharat Energy India Limited, one of the subsidiaries of the Company, for its bank loan facilities as detailed in enclosed document.
NAVA BHARAT VENTURES LTD. - 513023 - Statement Of Investor Complaints For The Quarter Ended December 2020
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 Officer
Please find enclosed herewith the 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 in Annexure-III as per the prescribed format for the quarter ended December 31, 2020.
This is to inform that as per the Company''s Code of Conduct for regulating, monitoring and reporting of trading by Insiders and Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information, the trading window for dealing in the securities of the Company will remain closed from December 31, 2020 till 48 hours after the declaration of financial results for the quarter ended December 31, 2020, for all designated persons, their immediate relatives and all connected persons covered under the said Code.
This is in reference to e-mails received from National Stock Exchange of India Limited and BSE Limited dated December 29, 2020 at 7:05 p.m. (IST) and December 30, 2020 at 10:37 a.m. (IST) respectively seeking clarification under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations') regarding intimation to the Exchanges about the price sensitive information pertaining to operations/performance of the company. We humbly submit that the Company ensures disclosure of all material information / events from time-to-time within the stipulated period prescribed under the Listing Regulations. We further submit that to the best of our knowledge there remains no price sensitive information that needs to be intimated to the Exchanges at this point of time.
The Company is pleased to inform that it has entered into a Conversion Agreement with TATA Steel Mining Limited (TSML), wholly owned subsidiary of TATA Steel Limited (TSL), with which similar arrangement subsisted, for conversion of high carbon ferro chrome. The duration of the Conversion Agreement with TSML is from December 1, 2020 to March 31,2025. The Agreement postulates that the entire smelting capacity of the Odisha plant is dedicated to TSML to produce up to 70,000 metric tons of high carbon ferro chrome per annum. Thereby, the arrangement should provide long-term operational stability for the Ferro Alloy plant and associated Captive Power Plant at Odisha.
Please find enclosed disclosure of related party transactions on a consolidated basis, pursuant to Regulation 23(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in the format specified in the relevant accounting standards for the half year ended September 30, 2020.