Prabhat Telecoms (India) has informed that the Board of Directors of the company at its meeting held on Friday, 30th November, 2018, at 11.00 am and concluded at 7.45 pm, has passed resolution to redesignate Nutan Singh, (DIN: 07680135) from Additional Whole-time Executive Director to Additional Whole-time Executive (Woman) Director on the Board of the company to comply with the requirements under Regulation 17(1) of SEBI (LODR) Regulations, 2015 and Section 149 of the Companies Act, 2013; the company had initiated business discussion to enter into a joint venture with Pragat Akshay Urja to design, manufacture and supply of White LED Based Solar Based Home Systems (Solar Power Packs) in various districts of Maharashtra in its previous meeting held on September 3rd, 2018. So far, the discussion between the management of the both companies was not conclusive. Whereas the final terms and conditions of the business proposal was placed before current meeting of the Board of the company and a formal Memorandum of Understanding (MoU) was executed between the company and Pragat Akshay Urja with retrospective effect from September 3rd, 2018. Pursuant to the terms of the MoU and provisions of Section 186 and Section 186 (3) of the Companies Act, 2013, the Board has recorded it's assent to make an investment which shall amount to approximately 51 % of Post Allotment Paid Up Share capital of Pragat Akshay Urja; Further, the company expects high growth and demand in solar products through Government Tenders in next five years. In order to secure the supply of materials to its joint venture company Pragat Akshay Urja for the future business, the Board has granted its consent to provide Financial Guarantee for 50% of the project cost to the supplier of the materials through Deed of Financial Guarantee.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Tejas Networks | 1340.90 |
| ITI | 289.20 |
| Black Box | 692.50 |
| Quadrant Televenture | 2.03 |
| Avantel | 171.00 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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