Corporate Insolvency Resolution Process. (under Corporate Insolvency Resolution Process). Its affairs, business and assets are being managed by the Resolution Professional.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
Disclosure of material issue. The Company has received a Show Cause Notice (SCN) from the Goods. set aside of the said Show Cause Notice issued by the GST Department.
Why it matters
CapitSignal interpretation
Regulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
Disclosure of material issue. Subscription and Shareholders Agreement (‘SSHA’) for acquisition of at least 26% of equity. the Company (in addition to 7,068 equity shares credited to TKSL) at a premium of Rs. 1,266.
Why it matters
CapitSignal interpretation
An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Options to purchase securities. 59,74,301 equity shares of Rs. 10/- each to shareholders of Kesoram Industries Limited. each and 63,50,883 7.3% non-convertible redeemable preference shares of Rs.100/- each.
Why it matters
CapitSignal interpretation
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What happened
Fact
Disclosure of material issue. Subscription and Shareholders Agreement (‘SSHA’) for acquisition of at least 26% of equity. the Company (in addition to 7,068 equity shares credited to TKSL) at a premium of Rs. 1,266.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. attached information under Pendency of any litigation(s) or dispute or the outcome thereof.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. petition against one of its operational debtors namely M/s. Echo Motors and Automobiles Private Limited.
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
Options to purchase securities. 59,74,301 equity shares of Rs. 10/- each to shareholders of Kesoram Industries Limited. each and 63,50,883 7.3% non-convertible redeemable preference shares of Rs.100/- each.
Regulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
What happened
Fact
Disclosure of material issue. The Company has received a Show Cause Notice (SCN) from the Goods. set aside of the said Show Cause Notice issued by the GST Department.
Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What happened
Fact
Allotment of Securities. Redeemable, Non-Convertible Debentures having face value of Rs. 1,00,000 (Rupees One Lakh only). each, aggregating to Rs. 160,00,00,000/- (Rupees One Hundred and Sixty Crores Only) through private.
An order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
What happened
Fact
Border Roads Organization (BRO) on EPC Mode value of worth Rs. 268.92 Crores excluding GST.
Update 1 of 5 in a matter ongoing since Procedural
Distressinsolvency
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. (under Corporate Insolvency Resolution Process). Its affairs, business and assets are being managed by the Resolution Professional.
An order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
What happened
Fact
Building, PhirozeJeejeebhoy Towers. orders worth INR 369.90 Crores (inclusive of tax) from its regular leading.
