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    Shyam Sunder
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    Outcome of Board Meeting [Board Meeting]

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    0 views3 pages

    Outcome of Board Meeting (Board Meeting)

    Uploaded by

    Shyam Sunder

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    BS a tintin sr (srry Ba at 4) March 22,2017 [DescRD. ‘Naina Siok Eghange a Tia Li, BSE ints xchange Plaza, lor Fst Flow, New Trade Wing Plt NOC! "GBlek Rotunds Building, Privo Jejeebhoy Towers | Bani: Kura Complex Dalal Stet, For Bandra East ‘Mum 00 023, Mumbai 40 0st Fax No, 2272 3121/2057 Fax No, 25598557 2386418120516 Stok Cade! 500032 eeuisiaws 6 Code: BAJAIHIND Dearie, ‘pert af Sale ofCreGeneratn ane buses azeceatine capaci of 49 MDW. artes he intimation for outome ofthe Board Mesting dates December 20,2016 and rest ef the Pos Ballo declared on Febrry 23, 2017, in respect ofthe resolution passed by the shareholes far sle of Coenerian power business ofthe Company fora lumpsum coasdeatin ln eat of ‘Sppoximatly Rs 800 crore ¥ Lalitpur Power Genraton Company Lined (LPGCL), we would ‘keto infor te following 1. Pursuant te spun by the lenders of LPGCI.(purshasr tht he wansction al be retried Book Vale ofthe Cogeneration power busines of Rs1227 err as on proposed ‘ramfer date March 31,2017, the Board of Ditto of the Company atte meng hell 00 March 22,2017, nor ala considered approval of sale and wunstr of Co-geeraton paver anes o agarceaing expo of 49 MIW located at lations inthe sate of Utar Pred {© LPGCL, a group company fra lumpsum consideration in csh of approximately RS.227 ‘ore, a & going. conor on slump sale bassin ecordance wih the Business Trawter greement 16 be ceed into with LPGCL. AS part of the Yevahition of the purchase ‘Somideraon ofthe Coeetation power business, the Company has aso renegotiated the ‘Scalton olf fr porer an margin on team fo be prshaed ty the Company from LFGCL. {nd the transaction atthe revised vale Date on book vale he RE1227 coef sil ene tothe Company on NPV basis Entire amount of Cah coniderson x propor! to be tiled by the Company towards advance repayment of Hs existing term dsb The proposed sale and transfer of Co-tenerton power hun il Be abject spprova of members, ended all er story regulatory ators. 2. Diss Stock etchange at dem materialeve 2) Thesmoun and percentage of the tumover or revenue or income and net worth contd tyrsach unto division ofthe ltd ety during he list Rance year end Mate 31, 26 Tareas CoGeneration | Company | Yout Co-Generaton vin (sin Crore) | units’ comtibutin (Hs.in Cro ‘Compan Tame 1036 ase erm Netprnir? T7388 =I NA. [Nation D907 zs926 [oni + Tumoveris inlsve of tr seement uote EX bajaj hindustan sugar td. |v + Segment net profit (Coren) his bosn derived by alloeting Gaance cost and sr ‘aleated expenses in ato of et oc son 31.08.2016 ‘+ Segment net wor (Cogn) has been derived by allocation of Companys met wor in ‘heratio of net Hack as on 3152016, 1) Date on which he areemen forsale as been entered nto: Agreement yet toe entered. 1) The expected date of completion of skicxpsa: The tramaction i expected te be completed by June 30,2017. 8) Conskeration recived fom sich sls Approximately Rs.1227 crore (Rupees Twelve Hundred Twenty Seven Crore) ©) Brit dee of bayer and whether ay of he buyer elog tthe promote promoter up up companies. ye, details thereat Lalgpur Power Generation Company Limiied (LAGCL} » public limited comany Incorporated in India under the proviions of the Companies Act, 1956, having i Fogltered office a Hajj Bhawan, Jamba Bajaj Marg, B-10, Sector 3, Nolde201301, ‘Urtar Pradesh. The Company is engage ia the busines of generation of ternal power. Yes, the company belongs to the promoters group company wit held bythe Company and balance 82.49% equity shares held by Company. 17.81% equity shares re promotes ofthe 1) Wheter the wansavtion woul! al within rebated party tansctons ye, wheter he ae ‘done tars ena" “The transaction falls within related party transaction and leneth transaction fe at arm 2) Addkonally, in case of sump sae indicative diclonses proved for amalzamation ‘merger shal be dislced y the iste entity wth respect su sun ale 1) Name ofthe ent Lalitpur Power Generation Company Linited(LPGCL)- i) Whether the tansction woul al within related party wansatons? Is, wheter the same i done arms ent" “The transaction falls within related party transaction and the tansaetin sat rms length. fi) Are of busines ofthe LPGCL: “The Company i ngage in the business of generation of thermal power jy) aol or Slump sae Following ae the Jasteaion forthe Proposal of Sale of Co-gen Powerplant: +The rooaed Transaction wll dlevergetlaneshet of BHSL: {Its inpve he vel lng em sil of a en bases in ISL

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