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Atul Auto Ltd.

BSE: 531795 Sector: Auto
NSE: ATULAUTO ISIN Code: INE951D01028
BSE 11:30 | 10 Dec 312.45 -6.85
(-2.15%)
OPEN

318.00

HIGH

318.00

LOW

309.00

NSE 11:23 | 10 Dec 312.50 -8.25
(-2.57%)
OPEN

311.15

HIGH

319.00

LOW

307.00

Atul Auto Limited - Reply to Clarification Sought

December 5, 2018, 12:00 am | Source: NSE

Atul Auto Limited with respect to announcement dated 28-Nov-2018, regarding ATULAUTO : Atul Auto Limited has informed the Exchange regarding 'Disclosure u/r 30 of the SEBI Listing regulation 2015-Signing of Term Sheet For Joint Venture with JBM Industries Limited.'..On basis of above the Company is required to clarify following:1. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc;
2. In case of issuance of shares to the parties, details of issue price, class of shares issued;
3. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arms length ;
4. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship;
5. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.;
6. Shareholding, if any, in the entity with whom the agreement is executed;
7. Purpose of entering into the agreement;
8. Name(s) of parties with whom the agreement is entered;
The response of the Company is enclosed.