Company Profile

Pursuant to Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, VST Industries has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 21st May, 2020 to consider and approve the audited financial results for the year ended 31st March, 2020 and to recommend dividend if any, for the financial year 2019-2020.

The above information is a part of company’s filings submitted to BSE.

The Medicines and Healthcare products Regulatory Agency (MHRA), the regulatory agency of the United Kingdom (UK) has successfully completed inspection at Lupin’s three manufacturing units in Pithampur (India). The inspection for the three units at Pithampur (Unit I, Unit II and Unit III) was conducted in January 2020. The successful close out of the inspection at Pithampur, and release of the inspection report by UK MHRA further bolsters company’s confidence in its quality standards and manufacturing processes.

Cipla has received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (USFDA), indicating closure of the inspection at API manufacturing facility in Bommasandra, Bangalore. The agency had conducted inspection from January 20, 2020 to January 24, 2020.

Hero MotoCorp has commenced its retail operations with the re-opening of more than 1500 customer touch-points including authorized dealerships and service centers. These outlets contribute to around 30% of the company’s total domestic retail sales. 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch points. The company also commenced vehicle dispatches from its manufacturing facilities for the current fiscal year (FY21) on May 7, 2020.

Inox Wind has signed definitive agreements with Continuum Power Trading (TN), part of Continuum Wind Energy group, to supply, erect and commission 250 MW of wind power projects (in two phases of 126 MW and 124 MW) comprising of a mix of 2 MW (113 metre rotor diameter turbine combined with 92 metre hub height) and 3 MW (145 metre rotor diameter turbine combined with 120 metre hub height) turbines. Post receipt of certain advances, Inox Wind has started execution of the first phase of the project comprising of 126 MW which is scheduled to be commissioned by Q3 of FY 2021 at Dayapar, District Bhuj in the State of Gujarat on a turnkey basis.

Tech Mahindra is expecting 5G rollout, demand for home connectivity and digitisation will drive business growth in the coming days. The company expects short term setbacks for businesses due to coronavirus pandemic, however, telecom clients will support the business growth. There will be some headwinds, and those headwinds will be common to everybody, but company continues to innovate, continues to leverage every of my acquisition and certain businesses where the expansion is likely to happen faster.

Rashtriya Chemicals and Fertilizers (RCF) has registered an increase of 35.47 percent in sale of complex fertilisers, marketed under Suphala brand, in the month of April, 2020 as compared to April 2019, sespite enormous logistic and other challenges posed by COVID-19 lockdown. The company is ensuring continuous supply of fertilisers to the farmers, with adequate safety and hygiene.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has come up with new top-up plans to support extra data usage at up to 75 per cent lower rates and also made annual recharge plans 33 per cent cheaper. Under the existing top-ups, which will continue, data on Jio network costs in the range of Rs 8.50 to Rs 21 per GB. The company has revised the price for its annual plan to Rs 2,399 and enhance the daily data limit in the new plan to 2 GB.

VST Industries has partially resumed its manufacturing operations with restricted capacity and manpower as permission granted by the Government of Telangana. The company had shut down its manufacturing operations due to the lockdown on account of the Novel Coronavirus pandemic (COVID19) on March 27, 2020.