Monthly Corporate Action Tracker Amit Gupta [email protected] Bharat Chhoda [email protected] Cheragh Sidhwa [email protected] August 8, 2017
Mar 19, 2020
Monthly Corporate Action Tracker
Amit [email protected] [email protected] [email protected]
August 8, 2017
Announced dividend candidates for August 2017…
Announced dividendAnnounced dividend Announced dividendAnnounced dividend
Company Dividend Face value Dividend Dividend Yield
(%) (|) (|/share) (%)
LIC Housing Fin. 310 2.00 6.2 0.9 8/8/2017
TTK Prestige 120 10.00 12 0.2 8/8/2017
FDC 225 1 00 2 25 1 3 8/8/2017
Ex-date
Company Dividend Face value Dividend Dividend Yield
(%) (|) (|/share) (%)
G N F C 50 10.00 5 1.7 16/08/2017
I O C L 10 10.00 1 0.2 18/08/2017
Jubilant Food 25 10 00 2 5 0 2 18/08/2017
Ex-date
FDC 225 1.00 2.25 1.3 8/8/2017
Somany Ceramics 135 2.00 2.7 0.4 9/8/2017
Balrampur Chini 250 1.00 2.5 1.4 9/8/2017
Solar Inds. 150 2.00 3 0.3 9/8/2017
Sundram Fasten. 280 1.00 2.8 0.7 10/8/2017
Tata Power Co. 130 1.00 1.3 1.6 10/8/2017
M R P L 60 10 00 6 4 5 10/8/2017
Jubilant Food. 25 10.00 2.5 0.2 18/08/2017
K P R Mill Ltd 15 5.00 0.75 0.1 18/08/2017
Interglobe Aviat 340 10.00 34 2.6 18/08/2017
L&T Fin.Holdings 8 10.00 0.8 0.5 18/08/2017
Minda Inds. 50 2.00 1 0.1 21/08/2017
Pfizer 150 10.00 15 0.8 22/08/2017
B H E L 39 2 00 0 78 0 6 23/08/2017M R P L 60 10.00 6 4.5 10/8/2017
Jindal Poly Film 10 10.00 1 0.2 10/8/2017
Hexaware Tech. 50 2.00 1 0.4 10/8/2017
Minda Corp 15 2.00 0.3 0.3 10/8/2017
KPIT Tech. 110 2.00 2.2 1.8 10/8/2017
Manpasand Bever. 10 10.00 1 0.1 10/8/2017
Indian Hotels 35 1 00 0 35 0 3 11/8/2017
B H E L 39 2.00 0.78 0.6 23/08/2017
Pidilite Inds. 475 1.00 4.75 0.6 23/08/2017
Symphony 50 2.00 1 0.1 23/08/2017
T.V. Today Netw. 40 5.00 2 0.8 23/08/2017
India Cements 10 10.00 1 0.5 24/08/2017
Maruti Suzuki 1500 5.00 75 1.0 25/08/2017
Advance Enzyme 20 2 00 0 4 0 1 29/08/2017
Source: Capitaline, ICICIdirect.com Research
Indian Hotels 35 1.00 0.35 0.3 11/8/2017
Larsen & Toubro 700 2.00 14 1.2 11/8/2017
eClerx Services 10 10.00 1 0.1 11/8/2017
TVS Srichakra 507 10.00 50.7 1.4 14/08/2017
C P C L 210 10.00 21 5.0 14/08/2017
Motherson Sumi 200 1.00 2 0.6 14/08/2017
Hind Copper 4 5 00 0 2 0 3 14/08/2017
Advance. Enzyme. 20 2.00 0.4 0.1 29/08/2017
P I Inds. 250 1.00 2.5 0.3 30/08/2017
G S F C 110 2.00 2.2 1.7 31/08/2017
GAIL (India) 27 10.00 2.7 0.7 31/08/2017
Source: Capitaline, ICICIdirect.com Research
Hind.Copper 4 5.00 0.2 0.3 14/08/2017
City Union Bank 30 1.00 0.3 0.2 14/08/2017
L & T Infotech 970 1.00 9.7 1.2 14/08/2017
L&T Technology 200 2.00 4 0.5 14/08/2017
2
Probable dividend candidates for August 2017…
Probable dividendProbable dividend Probable dividendProbable dividend
Company Dividend Face value Dividend Dividend Yield
(%) (|) (|/share) (%)
Apollo Tyres 200 1.00 2 1.2 1/8/2016
ACC 110 10.00 11 0.7 2/8/2016
Tata Chemicals 100 10 00 10 2 2 2/8/2016
Last Years Ex-date
Company Dividend Face value Dividend Dividend Yield
(%) (|) (|/share) (%)
Granules India 20 1.00 0.2 0.2 23/08/2016
Thomas Cook (I) 37.5 1.00 0.375 0.2 24/08/2016
JK Tyre & Indust 125 2 00 2 5 2 0 25/08/2016
Last Years Ex-date
Tata Chemicals 100 10.00 10 2.2 2/8/2016
Ujjivan Fin.Ser. 5 10.00 0.5 0.1 2/8/2016
VST Inds. 700 10.00 70 3.5 2/8/2016
BASF India 10 10.00 1 0.1 3/8/2016
Glenmark Pharma. 200 1.00 2 0.2 3/8/2016
Granules India 20 1.00 0.2 0.1 3/8/2016
MRF 940 10 00 94 0 3 3/8/2016
JK Tyre & Indust 125 2.00 2.5 2.0 25/08/2016
Rain Industries 50 2.00 1 2.2 25/08/2016
Sterlite Tech. 50 2.00 1 1.1 25/08/2016
Finolex Cables 100 2.00 2 0.5 26/08/2016
JK Lakshmi Cem. 5 5.00 0.25 0.1 29/08/2016
HSIL 200 2.00 4 1.1 30/08/2016
Oracle Fin Serv 2000 5 00 100 2 9 30/08/2016
Source: Capitaline, ICICIdirect.com Research
MRF 940 10.00 94 0.3 3/8/2016
D B Corp 42.5 10.00 4.25 1.0 4/8/2016
Sanofi India 180 10.00 18 0.4 4/8/2016
Castrol India 90 5.00 4.5 1.1 5/8/2016
ICRA 250 10.00 25 0.7 5/8/2016
Bharti Infra. 30 10.00 3 0.8 9/8/2016
Bharti Airtel 27 2 5 00 1 36 0 4 11/8/2016
Oracle Fin.Serv. 2000 5.00 100 2.9 30/08/2016
United Breweries 115 1.00 1.15 0.1 30/08/2016
Gulf Oil Lubric. 200 2.00 4 0.6 31/08/2016
O N G C 65 5.00 3.25 2.1 31/08/2016
Phoenix Mills 22.5 2.00 0.45 0.1 31/08/2016
Bharti Airtel 27.2 5.00 1.36 0.4 11/8/2016
J B Chem & Pharm 25 2.00 0.5 0.2 11/8/2016
Power Fin.Corpn. 6 10.00 0.6 0.6 11/8/2016
Siemens 1375 2.00 27.5 2.1 12/8/2016
SRF 60 10.00 6 0.4 16/08/2016
Bharat Electron 145 1.00 1.45 1.2 18/08/2016
CARE Ratings 60 10 00 6 0 5 18/08/2016
Source: Capitaline, ICICIdirect.com Research
CARE Ratings 60 10.00 6 0.5 18/08/2016
Jubilant Life 300 1.00 3 0.6 18/08/2016
Trident 6 10.00 0.6 1.3 18/08/2016
Natco Pharma 37.5 2.00 0.75 0.1 19/08/2016
Manappuram Fin. 25 2.00 0.5 0.6 22/08/2016
3
Stock split, merger and board meetings for August 2017
Stock split B d ti i A t 2017Stock split Board meetings in August 2017
Face value before Face value after
Company Name Ratio split split Record date
Elpro Intl. 2:1 2 1.0 NA
Siyaram Silk 5:1 10 2.0 NA
Yes Bank 5:1 10 2 0 NA
Company Name Meeting Date Board Meeting purpose
Guj Inds. Power 8/8/2017 Quarterly Results
Ashiana Housing 8/8/2017 Quarterly Results
Mcleod Russel 8/8/2017 Quarterly Results
Firstsour Solu 8/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research
Merger
Yes Bank 5:1 10 2.0 NA
T R I L 10:1 10 1.0 NA
Infibeam Incorp. 10:1 10 1.0 NA
Firstsour.Solu. 8/8/2017 Quarterly Results
Team Lease Serv. 8/8/2017 Quarterly Results
Vesuvius India 8/8/2017 Quarterly Results
IL&FS Transport 8/8/2017 Quarterly Results
Orient Cement 8/8/2017 Raising funds through Debt Instr.
Brigade Enterpr. 8/8/2017 Quarterly Results
Kaveri Seed Co 8/8/2017 Quarterly Results Interim Dividend
Source: Capitaline, ICICIdirect.com Research
Acquirer Company Target Company Merger Ratio(Target:Acq)
Timken India Ltd ABC Bearings Ltd 5:8
Board meetings in August 2017
Kaveri Seed Co. 8/8/2017 Quarterly Results,Interim Dividend
Timken India 8/8/2017 Quarterly Results
NCC 8/8/2017 Quarterly Results
Johnson Con. Hit 8/8/2017 Quarterly Results
Jagran Prakashan 8/8/2017 Quarterly Results
Chambal Fert. 8/8/2017 Quarterly Results
Prism Cement 8/8/2017 Quarterly Results
Company Name Meeting Date Board Meeting purpose
RSWM Ltd 8/8/2017 Quarterly Results
Mangalam Cement 8/8/2017 Quarterly Results
L G Balakrishnan 8/8/2017 Quarterly Results
Meghmani Organ. 8/8/2017 Quarterly Results
Prism Cement 8/8/2017 Quarterly Results
Astral Poly 8/8/2017 Quarterly Results
SRF 8/8/2017 Quarterly Results,Interim Dividend
Sundaram Clayton 8/8/2017 Quarterly Results
Thermax 8/8/2017 Quarterly Results
Endurance Tech. 8/8/2017 Quarterly Results
Jindal Steel 8/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research
Tata Tele. Mah. 8/8/2017 Quarterly Results
GTPL Hathway 8/8/2017 Quarterly Results
Dhampur Sugar 8/8/2017 Quarterly Results
Anant Raj 8/8/2017 Quarterly Results
Jindal Steel 8/8/2017 Quarterly Results
Tata Chemicals 8/8/2017 Quarterly Results
Bank of India 8/8/2017 Quarterly Results
Muthoot Finance 8/8/2017 Quarterly Results
Future Retail 8/8/2017 Quarterly ResultsSource: Capitaline, ICICIdirect.com Research
4
Board meetings in August 2017…
Board meetings in August 2017Board meetings in August 2017 Board meetings in August 2017Board meetings in August 2017
Company Name Meeting Date Board Meeting purpose
GlaxoSmith C H L 8/8/2017 Quarterly Results
Cosmo Films 9/8/2017 Quarterly Results
Natl. Peroxide 9/8/2017 Quarterly Results
B L Kashyap 9/8/2017 Preferential Issue
Company Name Meeting Date Board Meeting purpose
Forbes & Co 9/8/2017 Quarterly Results
Accelya Kale 9/8/2017 Quarterly Results,Final Dividend
Goodyear India 9/8/2017 Quarterly Results
Pun & Sind Bank 9/8/2017 Quarterly ResultsB.L.Kashyap 9/8/2017 Preferential Issue
Munjal Showa 9/8/2017 Quarterly Results
Nagarjuna Fert. 9/8/2017 Quarterly Results
Sanghvi Movers 9/8/2017 Quarterly Results,AGM
PSP Projects 9/8/2017 Quarterly Results
Vindhya Telelink 9/8/2017 Quarterly Results
Genus Power 9/8/2017 Quarterly Results AGM
Pun. & Sind Bank 9/8/2017 Quarterly Results
Parag Milk Foods 9/8/2017 Quarterly Results
Greenlam Industr 9/8/2017 Quarterly Results
Shankara Build. 9/8/2017 Quarterly Results,Others
Nava Bharat Vent 9/8/2017 Quarterly Results
ITD Cem 9/8/2017 Quarterly Results
PTC India Fin 9/8/2017 Quarterly ResultsGenus Power 9/8/2017 Quarterly Results,AGM
West Coast Paper 9/8/2017 Quarterly Results
Jai Corp 9/8/2017 Quarterly Results
Bengal & Assam 9/8/2017 Quarterly Results
Dynamatic Tech. 9/8/2017 Quarterly Results,AGM
Insecticid.India 9/8/2017 Quarterly Results
DFM Foods 9/8/2017 Quarterly Results
PTC India Fin 9/8/2017 Quarterly Results
Balmer Lawrie 9/8/2017 Quarterly Results
GTL Infra. 9/8/2017 Quarterly Results
Apar Inds. 9/8/2017 Quarterly Results
Inox Wind 9/8/2017 Quarterly Results
Ashoka Buildcon 9/8/2017 Quarterly Results
Va Tech Wabag 9/8/2017 Quarterly ResultsDFM Foods 9/8/2017 Quarterly Results
Jayant Agro Org. 9/8/2017 Quarterly Results
Man Infra 9/8/2017 Quarterly Results
Wheels India 9/8/2017 Quarterly Results
INEOS Styrolut. 9/8/2017 Quarterly Results
Indoco Remedies 9/8/2017 Quarterly Results
Pilani Invest 9/8/2017 Quarterly Results
Va Tech Wabag 9/8/2017 Quarterly Results
Prime Focus 9/8/2017 Quarterly Results
Navneet Educat. 9/8/2017 Quarterly Results
Jindal Stain. 9/8/2017 Quarterly Results
G M D C 9/8/2017 Quarterly Results
Triveni Turbine 9/8/2017 Quarterly Results
MMTC 9/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research Source: Capitaline, ICICIdirect.com Research
Pilani Invest. 9/8/2017 Quarterly Results
BLS Internat. 9/8/2017 Quarterly Results,AGM
Wonderla Holiday 9/8/2017 Quarterly Results
Sanghi Inds. 9/8/2017 Quarterly Results
Nirlon 9/8/2017 Quarterly Results
MMTC 9/8/2017 Quarterly Results
Finolex Cables 9/8/2017 Quarterly Results
Thomas Cook (I) 9/8/2017 Quarterly Results
Varun Beverages 9/8/2017 Accounts,Interim Dividend
Mahanagar Gas 9/8/2017 Quarterly Results
5
Board meetings in August 2017…
Board meetings in August 2017 Board meetings in August 2017Board meetings in August 2017 Board meetings in August 2017
Company Name Meeting Date Board Meeting purpose
Engineers India 9/8/2017 Quarterly Results
Honeywell Auto 9/8/2017 Quarterly Results
City Union Bank 9/8/2017 Quarterly Results
Ajanta Pharma 9/8/2017 Quarterly Results
Company Name Meeting Date Board Meeting purpose
Precision Camshf 10/8/2017 Quarterly Results
JMC Projects 10/8/2017 Quarterly Results
Technocraf.Inds. 10/8/2017 Quarterly Results
Asian Granito 10/8/2017 Quarterly Results AGMAjanta Pharma 9/8/2017 Quarterly Results
Natl. Aluminium 9/8/2017 Quarterly Results
Tata Motors-DVR 9/8/2017 Quarterly Results
Tube Investments 9/8/2017 Quarterly Results
3M India 9/8/2017 Quarterly Results
AU Small Finance 9/8/2017 Quarterly Results
Bayer Crop Sci 9/8/2017 Quarterly Results
Asian Granito 10/8/2017 Quarterly Results,AGM
Balaji Telefilms 10/8/2017 Quarterly Results
Titagarh Wagons 10/8/2017 Quarterly Results
Tasty Bite Eat. 10/8/2017 Quarterly Results
Subros 10/8/2017 Quarterly Results
Srikalahas. Pip. 10/8/2017 Quarterly Results
SML ISUZU 10/8/2017 Quarterly ResultsBayer Crop Sci. 9/8/2017 Quarterly Results
Max Financial 9/8/2017 Quarterly Results
NHPC Ltd 9/8/2017 Quarterly Results
NMDC 9/8/2017 Quarterly Results
Aurobindo Pharma 9/8/2017 Quarterly Results
Eicher Motors 9/8/2017 Quarterly Results
Tata Motors 9/8/2017 Quarterly Results
SML ISUZU 10/8/2017 Quarterly Results
Kovai Medical 10/8/2017 Quarterly Results
JBF Inds. 10/8/2017 Quarterly Results
Shree Securities 10/8/2017 Quarterly Results
Bombay Dyeing 10/8/2017 Quarterly Results
Hikal 10/8/2017 Quarterly Results
Responsive Ind 10/8/2017 Quarterly ResultsTata Motors 9/8/2017 Quarterly Results
GMM Pfaudler 10/8/2017 Quarterly Results,Interim Dividend
Marathon Nextgen 10/8/2017 Quarterly Results
Snowman Logistic 10/8/2017 Quarterly Results
Hubtown 10/8/2017 Quarterly Results
Udaipur Cement 10/8/2017 Quarterly Results,Preferential Issue
S T C 10/8/2017 Quarterly Results
Responsive Ind 10/8/2017 Quarterly Results
Religare Enterp. 10/8/2017 Quarterly Results,Private Placement Basis
L T Foods 10/8/2017 Quarterly Results
Borosil Glass 10/8/2017 Quarterly Results
J Kumar Infra 10/8/2017 Quarterly Results
Phillips Carbon 10/8/2017 Quarterly Results,Scheme of Amalgamation
Triven Engg Ind 10/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research
S T C 10/8/2017 Quarterly Results
Asian Star Co. 10/8/2017 Quarterly Results
Dwarikesh Sugar 10/8/2017 Quarterly Results
Triven.Engg.Ind. 10/8/2017 Quarterly Results
Bannari Amm.Sug. 10/8/2017 Quarterly Results
Hathway Cable 10/8/2017 Quarterly Results
Indo Count Inds. 10/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research
6
Board meetings in August 2017…
Board meetings in August 2017 Board meetings in August 2017Board meetings in August 2017 Board meetings in August 2017
Company Name Meeting Date Board Meeting purpose
Sudarshan Chem. 10/8/2017 Quarterly Results
Venky's (India) 10/8/2017 Quarterly Results
Heritage Foods 10/8/2017 Quarterly Results,Stock Split
Sunteck Realty 10/8/2017 Quarterly Results
Company Name Meeting Date Board Meeting purpose
SpiceJet 10/8/2017 Quarterly Results
Phoenix Mills 10/8/2017 Quarterly Results
Manappuram Fin. 10/8/2017 Quarterly Results
Symphony 10/8/2017 Quarterly Results Interim DividendSunteck Realty 10/8/2017 Quarterly Results
Deepak Fert. 10/8/2017 Quarterly Results
Himatsing. Seide 10/8/2017 Quarterly Results
Natl.Fertilizer 10/8/2017 Quarterly Results
PTC India 10/8/2017 Quarterly Results
Zydus Wellness 10/8/2017 Quarterly Results
Sadbhav Infra 10/8/2017 Quarterly Results
Symphony 10/8/2017 Quarterly Results,Interim Dividend
Union Bank (I) 10/8/2017 Quarterly Results
Gujarat Gas 10/8/2017 Quarterly Results
Kajaria Ceramics 10/8/2017 Quarterly Results
KRBL 10/8/2017 Quarterly Results
Adani Power 10/8/2017 Quarterly Results
Adani Transmissi 10/8/2017 Quarterly ResultsSadbhav Infra. 10/8/2017 Quarterly Results
Rupa & Co 10/8/2017 Quarterly Results
Dhanuka Agritech 10/8/2017 Quarterly Results
S H Kelkar & Co. 10/8/2017 Quarterly Results
Essel Propack 10/8/2017 Quarterly Results
S C I 10/8/2017 Quarterly Results
Allcargo Logist 10/8/2017 Quarterly Results
Adani Transmissi 10/8/2017 Quarterly Results
Page Industries 10/8/2017 Quarterly Results
United Breweries 10/8/2017 Quarterly Results
Bharat Forge 10/8/2017 Quarterly Results
Petronet LNG 10/8/2017 Quarterly Results
Power Fin.Corpn. 10/8/2017 Quarterly Results,Bonus Issue
B H E L 10/8/2017 Quarterly ResultsAllcargo Logist. 10/8/2017 Quarterly Results
IFCI 10/8/2017 Quarterly Results
MOIL 10/8/2017 Quarterly Results
Manpasand Bever. 10/8/2017 Quarterly Results
Dishman Pharma. 10/8/2017 Quarterly Results
Shilpa Medicare 10/8/2017 Quarterly Results
GE Shipping Co 10/8/2017 Quarterly Results
B H E L 10/8/2017 Quarterly Results
GAIL (India) 10/8/2017 Quarterly Results
Motherson Sumi 10/8/2017 Quarterly Results
Kalyani Invest. 11/8/2017 Quarterly Results
Jaybharat Text 11/8/2017 Quarterly Results
Dhanlaxmi Bank 11/8/2017 Quarterly Results
Hind Oil Explor 11/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com ResearchSource: Capitaline, ICICIdirect.com Research
GE Shipping Co 10/8/2017 Quarterly Results
I O B 10/8/2017 Quarterly Results
Laurus Labs 10/8/2017 Quarterly Results
Guj Pipavav Port 10/8/2017 Quarterly Results
Asahi India Glas 10/8/2017 Quarterly Results
Hind.Oil Explor. 11/8/2017 Quarterly Results
BGR Energy Sys. 11/8/2017 Quarterly Results
Hinduja Global 11/8/2017 Interim Dividend,Quarterly Results
Orissa Minerals 11/8/2017 Others
7
Board meetings in August 2017…
Board meetings in August 2017 Board meetings in August 2017Board meetings in August 2017 Board meetings in August 2017
Company Name Meeting Date Board Meeting purpose
NRB Bearings 11/8/2017 Quarterly Results
Kolte Patil Dev. 11/8/2017 Quarterly Results
Surya Roshni 11/8/2017 Quarterly Results
Genus Power 11/8/2017 Quarterly Results AGM
Company Name Meeting Date Board Meeting purpose
J B Chem & Pharm 11/8/2017 Quarterly Results
Gateway Distr. 11/8/2017 Quarterly Results
Uflex 11/8/2017 Quarterly Results
Kwality 11/8/2017 Quarterly ResultsGenus Power 11/8/2017 Quarterly Results,AGM
Maithan Alloys 11/8/2017 Quarterly Results
Praj Inds. 11/8/2017 Quarterly Results
Steel Str. Wheel 11/8/2017 Quarterly Results
Dalmia Bharat 11/8/2017 Quarterly Results
Intellect Design 11/8/2017 Quarterly Results
T V Today Netw 11/8/2017 Quarterly Results
Kwality 11/8/2017 Quarterly Results
PNC Infratech 11/8/2017 Quarterly Results
H D I L 11/8/2017 Quarterly Results
Omaxe 11/8/2017 Quarterly Results
Ratnamani Metals 11/8/2017 Quarterly Results
Time Technoplast 11/8/2017 Quarterly Results
Max India 11/8/2017 Quarterly ResultsT.V. Today Netw. 11/8/2017 Quarterly Results
Quick Heal 11/8/2017 Quarterly Results
Clariant Chemica 11/8/2017 Quarterly Results
Jindal Worldwide 11/8/2017 AGM
Fairchem Speci. 11/8/2017 Quarterly Results
Marksans Pharma 11/8/2017 Quarterly Results
Bajaj Hindusthan 11/8/2017 Quarterly Results
Max India 11/8/2017 Quarterly Results
Rain Industries 11/8/2017 Quarterly Results,Interim Dividend
Bombay Rayon 11/8/2017 Quarterly Results
Oriental Bank 11/8/2017 Quarterly Results
Cox & Kings 11/8/2017 Quarterly Results
eClerx Services 11/8/2017 Quarterly Results,Change in Directors
CG Power & Indu 11/8/2017 Quarterly ResultsBajaj Hindusthan 11/8/2017 Quarterly Results
Zee Media 11/8/2017 Quarterly Results
Huhtamaki PPL 11/8/2017 Quarterly Results
GVK Power Infra. 11/8/2017 Quarterly Results
Kalyani Steels 11/8/2017 Quarterly Results
VST Till. Tract. 11/8/2017 Quarterly Results
Claris Lifescien 11/8/2017 Quarterly Results
CG Power & Indu. 11/8/2017 Quarterly Results
Vinati Organics 11/8/2017 Quarterly Results
Allahabad Bank 11/8/2017 Quarterly Results
R C F 11/8/2017 Quarterly Results
Kalpataru Power 11/8/2017 Quarterly Results
Corporation Bank 11/8/2017 Quarterly Results
Ipca Labs 11/8/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research
Claris Lifescien 11/8/2017 Quarterly Results
Greencrest Finan 11/8/2017 Quarterly Results
Siti Networks 11/8/2017 Quarterly Results
Sona Koyo Steer. 11/8/2017 Quarterly Results
Health.Global 11/8/2017 Quarterly Results
T N Newsprint 11/8/2017 Quarterly Results
HSIL 11/8/2017 Quarterly Results
Ipca Labs. 11/8/2017 Quarterly Results
Blue Star 11/8/2017 Quarterly Results
Vardhman Textile 11/8/2017 Quarterly Results
BEML Ltd 11/8/2017 Quarterly Results
TTK Prestige 11/8/2017 Quarterly Results
8
Source: Capitaline, ICICIdirect.com ResearchHSIL 11/8/2017 Quarterly Results
Board meetings in August 2017…
Board meetings in August 2017 Board meetings in August 2017Board meetings in August 2017 Board meetings in August 2017
Company Name Meeting Date Board Meeting purpose
Dilip Buildcon 11/8/2017 Quarterly Results
Finolex Inds. 11/8/2017 Quarterly Results
Aarti Inds. 11/8/2017 Quarterly Results
Avanti Feeds 11/8/2017 Quarterly Results
Company Name Meeting Date Board Meeting purpose
B P C L 11/8/2017 Quarterly Results
Sun Pharma.Inds. 11/8/2017 Quarterly Results
St Bk of India 11/8/2017 Quarterly Results
Ambika Cotton 12/8/2017 Quarterly Results Interim DividendAvanti Feeds 11/8/2017 Quarterly Results
Guj Fluorochem 11/8/2017 Quarterly Results
Tata Global 11/8/2017 Quarterly Results
Guj.St.Petronet 11/8/2017 Quarterly Results
GMR Infra. 11/8/2017 Quarterly Results
JSW Energy 11/8/2017 Quarterly Results
CESC 11/8/2017 Quarterly Results
Ambika Cotton 12/8/2017 Quarterly Results,Interim Dividend
Power Mech Proj. 12/8/2017 Quarterly Results,AGM
Goldline Intl. 12/8/2017 Quarterly Results
Atul Auto 12/8/2017 Quarterly Results
Vivimed Labs. 12/8/2017 Quarterly Results
Volt.Transform. 12/8/2017 Quarterly Results
Rushil Decor 12/8/2017 Quarterly ResultsCESC 11/8/2017 Quarterly Results
SJVN 11/8/2017 Quarterly Results
NLC India 11/8/2017 Quarterly Results
Indraprastha Gas 11/8/2017 Quarterly Results,Stock Split
Alkem Lab 11/8/2017 Quarterly Results
Rajesh Exports 11/8/2017 Quarterly Results
Oil India 11/8/2017 Quarterly Results
Rushil Decor 12/8/2017 Quarterly Results
BF Utilities 12/8/2017 Quarterly Results
Jindal Poly Film 12/8/2017 Quarterly Results
Sh.Renuka Sugar 12/8/2017 Quarterly Results
Ramkrishna Forg. 12/8/2017 Quarterly Results
Poly Medicure 12/8/2017 Quarterly Results
Jamna Auto Inds 12/8/2017 Quarterly ResultsOil India 11/8/2017 Quarterly Results
Godrej Inds. 11/8/2017 Quarterly Results
PNB Housing 11/8/2017 Quarterly Results
S A I L 11/8/2017 Quarterly Results
TVS Motor Co. 11/8/2017 Quarterly Results
Sun TV Network 11/8/2017 Quarterly Results,Interim Dividend
Rural Elec Corp 11/8/2017 Quarterly Results
Jamna Auto Inds. 12/8/2017 Quarterly Results
United Bank (I) 12/8/2017 Quarterly Results
TVS Srichakra 12/8/2017 Quarterly Results
Techno Elec. 12/8/2017 Quarterly Results
Trident 12/8/2017 Quarterly Results,Interim Dividend
Hind.Copper 12/8/2017 Quarterly Results
J K Cements 12/8/2017 Quarterly Results
S C it li ICICIdi t R h
Source: Capitaline, ICICIdirect.com Research
Rural Elec.Corp. 11/8/2017 Quarterly Results
Bank of Baroda 11/8/2017 Quarterly Results
Cipla 11/8/2017 Quarterly Results
Hindalco Inds. 11/8/2017 Quarterly Results
Cadila Health. 11/8/2017 Quarterly Results
Bosch 11/8/2017 Quarterly Results
J K Cements 12/8/2017 Quarterly Results
Birla Corpn. 12/8/2017 Quarterly Results
9
Source: Capitaline, ICICIdirect.com Research
AGMs and board meetings in August 2017…
Board meetings in August 2017 Board meetings in August 2017Board meetings in August 2017 Board meetings in August 2017
Company Name Meeting Date Board Meeting purpose
P I Inds. 12/8/2017 Quarterly Results
Adani Enterp. 12/8/2017 Quarterly Results
DLF 12/8/2017 Others
Motherson Sumi 12/8/2017 Others
Company Name Meeting Date Board Meeting purpose
NBCC 14/08/2017 Quarterly Results
Tata Power Co. 14/08/2017 Quarterly Results
Grasim Inds 14/08/2017 Quarterly Results
Coal India 14/08/2017 Quarterly ResultsMotherson Sumi 12/8/2017 Others
Adani Ports 12/8/2017 Quarterly Results
Shiva Texyarn 14/08/2017 Quarterly Results
Emami Paper 14/08/2017 Quarterly Results
Yamini Invest 14/08/2017 Quarterly Results
Amrutanjan Healt 14/08/2017 Quarterly Results,Dividend
D B Realty 14/08/2017 Others
Coal India 14/08/2017 Quarterly Results
Alkyl Amines 17/08/2017 Quarterly Results
Somany Ceramics 17/08/2017 Quarterly Results
Dish TV 17/08/2017 Quarterly Results
Pricol Ltd 22/08/2017 Quarterly Results
Rane Brake Lin. 23/08/2017 Quarterly Results
CARE Ratings 23/08/2017 Quarterly Results Interim Dividend
Source: Capitaline, ICICIdirect.com Research
D B Realty 14/08/2017 Others
Satin Creditcare 14/08/2017 Quarterly Results
M T N L 14/08/2017 Quarterly Results
Polyplex Corpn 14/08/2017 Quarterly Results
Dredging Corpn. 14/08/2017 Quarterly Results
Sonata Software 14/08/2017 Quarterly Results
Puravankara 14/08/2017 Quarterly Results
CARE Ratings 23/08/2017 Quarterly Results,Interim Dividend
La Opala RG 26/08/2017 Quarterly Results
K C P 31/08/2017 Quarterly Results
AGM in August 2017Puravankara 14/08/2017 Quarterly Results
MEP Infrast. 14/08/2017 Quarterly Results
Take Solutions 14/08/2017 Quarterly Results
Mah. Seamless 14/08/2017 Quarterly Results
KNR Construct. 14/08/2017 Quarterly Results
NESCO 14/08/2017 Quarterly Results
ISGEC Heavy 14/08/2017 Quarterly Results
Company name Event Date Event Type Event LocationInsecticid.India 8/8/2017 AGM DelhiDollar Indus. 8/8/2017 AGM Kolkata
Firstsour.Solu. 8/8/2017 AGM MumbaiGabriel India 8/8/2017 AGM PuneNilkamal Ltd 8/8/2017 AGM Silvassa
Johnson Con Hit 8/8/2017 AGM Ahmedabad
Source: Capitaline, ICICIdirect.com Research
ISGEC Heavy 14/08/2017 Quarterly Results
Akzo Nobel 14/08/2017 Quarterly Results
Prestige Estates 14/08/2017 Quarterly Results
AIA Engg. 14/08/2017 Quarterly Results
Apollo Hospitals 14/08/2017 Quarterly Results
Johnson Con. Hit 8/8/2017 AGM AhmedabadAstral Poly 8/8/2017 AGM Ahmedabad
CEAT 8/8/2017 AGM MumbaiSRF 8/8/2017 AGM New Delhi
Thermax 8/8/2017 AGM PuneTata Steel 8/8/2017 AGM Mumbai
Eicher Motors 8/8/2017 AGM New DelhiN tl P id 9/8/2017 AGM M b i
10
Natl. Peroxide 9/8/2017 AGM Mumbai
Source: Capitaline, ICICIdirect.com Research
AGM in August 2017…
AGM in August 2017AGM in August 2017 AGM in August 2017AGM in August 2017
Company name Event Date Event Type Event LocationSanghvi Movers 9/8/2017 AGM PuneDynamatic Tech. 9/8/2017 AGM Bangalore
DFM Foods 9/8/2017 AGM New DelhiJayant Agro Org. 9/8/2017 AGM Mumbai
Company name Event Date Event Type Event LocationSudarshan Chem. 10/8/2017 AGM PuneS H Kelkar & Co. 10/8/2017 AGM MumbaiAllcargo Logist. 10/8/2017 AGM MumbaiGE Shipping Co 10/8/2017 AGM Mumbai
Zee Media 9/8/2017 AGM MumbaiIndoco Remedies 9/8/2017 AGM MumbaiMcleod Russel 9/8/2017 AGM Kolkata
Wonderla Holiday 9/8/2017 AGM BangaloreOrient Paper 9/8/2017 AGM Bhubaneswar
Goodyear India 9/8/2017 AGM FaridabadNava Bharat Vent 9/8/2017 AGM Hyderabad
Aegis Logistics 10/8/2017 AGM VapiGuj Pipavav Port 10/8/2017 AGM AmreliAsahi India Glas 10/8/2017 AGM New Delhi
Adani Power 10/8/2017 AGM AhmedabadAdani Transmissi 10/8/2017 AGM Ahmedabad
3M India 10/8/2017 AGM BangalorePage Industries 10/8/2017 AGM Bangalore
Triveni Turbine 9/8/2017 AGM NoidaPrism Cement 9/8/2017 AGM Hyderabad
Honeywell Auto 9/8/2017 AGM PuneCentury Textiles 9/8/2017 AGM Mumbai
Adani Enterp. 9/8/2017 AGM AhmedabadTata Chemicals 9/8/2017 AGM Mumbai
GlaxoSmith C H L 9/8/2017 AGM Nabha
Bharat Forge 10/8/2017 AGM PuneDisa India 11/8/2017 AGM Bangalore
Deccan Cements 11/8/2017 AGM HyderabadS P Apparels 11/8/2017 AGM CoimbatoreNRB Bearings 11/8/2017 AGM Mumbai
Praj Inds. 11/8/2017 AGM PuneKovai Medical 11/8/2017 AGM Coimbatore
Adani Ports 9/8/2017 AGM AhmedabadRajapalayam Mill 10/8/2017 AGM Rajapalayam
Capital Trust 10/8/2017 AGM New DelhiUdaipur Cement 10/8/2017 AGM UdaipurJMC Projects 10/8/2017 AGM AhmedabadPrabhat Dairy 10/8/2017 AGM Ahmednagar
Bombay Dyeing 10/8/2017 AGM Mumbai
VST Till. Tract. 11/8/2017 AGM BangaloreZydus Wellness 11/8/2017 AGM AhmedabadKalpataru Power 11/8/2017 AGM Gandhinagar
Blue Star 11/8/2017 AGM MumbaiTTK Prestige 11/8/2017 AGM HosurFinolex Inds. 11/8/2017 AGM PuneGodrej Inds. 11/8/2017 AGM Mumbai
Source: Capitaline, ICICIdirect.com ResearchSource: Capitaline, ICICIdirect.com Research
Bombay Dyeing 10/8/2017 AGM MumbaiWheels India 10/8/2017 AGM Chennai
INEOS Styrolut. 10/8/2017 AGM VadodaraBorosil Glass 10/8/2017 AGM Mumbai
Godrej Inds. 11/8/2017 AGM MumbaiTVS Motor Co. 11/8/2017 AGM Chennai
Cipla 11/8/2017 AGM Mumbai
11
AGM in August 2017…
AGM in August 2017
Company name Event Date Event Type Event LocationCadila Health. 11/8/2017 AGM Ahmedabad
Volt.Transform. 12/8/2017 AGM VadodaraWim Plast 12/8/2017 AGM DamanWim Plast 12/8/2017 AGM Daman
India Power Corp 12/8/2017 AGM KolkataThyrocare Tech. 12/8/2017 AGM Navi Mumbai
Avanti Feeds 12/8/2017 AGM VisakhapatnamEmami Paper 14/08/2017 AGM Kolkata
Sonata Software 14/08/2017 AGM MumbaiNESCO 14/08/2017 AGM Goregaon
Akzo Nobel 14/08/2017 AGM KolkataAkzo Nobel 14/08/2017 AGM KolkataAIA Engg. 14/08/2017 AGM Ahmedabad
Apcotex Industri 17/08/2017 AGM Navi MumbaiAutomotive Axles 18/08/2017 AGM Mysore
Tata Global 18/08/2017 AGM KolkataHind.Zinc 18/08/2017 AGM Udaipur
Dwarikesh Sugar 19/08/2017 AGM BijnorJi d l P l Fil 19/08/2017 AGM B l d h hJindal Poly Film 19/08/2017 AGM Bulandshahr
M R P L 19/08/2017 AGM MangaluruGreenply Inds. 21/08/2017 AGM AssamTata Inv.Corpn. 21/08/2017 AGM Mumbai
Hind.Copper 22/08/2017 AGM KolkataPricol Ltd 23/08/2017 AGM CoimbatoreKPIT Tech. 23/08/2017 AGM Pune
Source: Capitaline, ICICIdirect.com Research
TVS Srichakra 23/08/2017 AGM MaduraiBayer Crop Sci. 23/08/2017 AGM MumbaiTata Power Co. 23/08/2017 AGM Mumbai
12
Major stakeholder’s activity and preferential allotment in July 2017
Major stakeholder’s activity in July 2017
Company No of shares Bought/Sold Total Equity Net change % of total
(In lakhs) (In lakhs) (%)
Ajanta Pharma -27.0 880.1 -3.1
Eros Intl Media -33 9 944 5 -3 6Eros Intl.Media -33.9 944.5 -3.6
Fortis Health. -135.1 5185.2 -2.6
Gayatri Projects 84.8 1772.5 4.8
GMR Infra. -1524.7 60359.5 -2.5
Indbull.RealEst. -95.0 4746.7 -2.0
Narayana Hrudaya -34.8 2043.6 -1.7
Redington India -246 5 3998 5 -6 2
Source: Capitaline, ICICIdirect.com Research
Redington India 246.5 3998.5 6.2
Unitech 578.1 26163.0 2.2
Welspun Corp -26.5 2652.3 -1.0
Preferential allotment in July 2017
Company No.of Eq. Shares Face Value Issue Price Issued To Issued Category Date of allotment
(in crore) (|) (|)
Grasim Inds 4.84 2 145.4 NA NA 3/7/2017
Source: Capitaline, ICICIdirect.com Research
AksharChem (I) 0.09 10 776.0 NA NA 20/07/2017
Ramkrishna Forg. 0.39 10 510.0 NA Qualified institutional buyers 20/07/2017
Deal Team – At Your ServiceHistorical frequency of corporate actions…
Number of rights issues- CNX 500 Number of stock splits- CNX 500
15
121416
25
39
30354045
68 8
5 57
5
2
02468
10
CY2008 CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016
11
18
7 612 13 15
05
10152025
CY2008 CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016
Number of bonus issues- CNX 500 Average dividend payout ratio (%) for CNX
Number of rights IssueNumber of stock Split
Number of bonus issues- CNX 500 Average dividend payout ratio (%) for CNX 500
22
28
1412 12
10
1715
15
20
25
30
20 022.6 23.3 21.8
24.728.1 30.5
36.539.8
25.030.035.040.045.0
810
0
5
10
CY2008 CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016
Number of Bonus Issues
20.0
0.05.0
10.015.020.05 0
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
14
Source: Capitaline, ICICIdirect.com Research
Dividend Payout Ratio
Portfolio allocation in Derivatives Products…
It i d d t d t th t di i ti t b t th i d i ti• It is recommended to spread out the trading corpus in a proportionate manner between the various derivatives research products
• Please avoid allocating the entire trading corpus to a single stock or a single product segment• Within each product segment, it is advisable to allocate equal amount to each recommendation.• For example: The ‘Daily Derivatives’ product carries two intraday recommendations. It is advisable to allocate equal
amount to each recommendation • Stock Trader and Quant Picks recommendations should be considered in cash segment and stoploss on closing
basis. Time frame for these recommendations is 3 month.
P d i M ll i F li Mid
Allocation Return Objective
Product wise Max allocation Frontline Mid-capallocation per stock Stocks stocks
Daily Derivatives 5% 2-3% 2 Stocks 1% 2-3% Intraday
Weekly Derivatives 10% 3-5% 2 Stocks 3-5% 5-7% 1 Week
High OI stock 5% 2 3% 2 3 Stocks 5 7% 7 10% 1 2 Weeks
DurationProducts Number of Calls
High OI stock 5% 2-3% 2-3 Stocks 5-7% 7-10% 1-2 Weeks
Monthly Derivatives 20% 3-5% 4-7 Stocks 7-10% 10-15% 1 Month
Global Derivatives 5% 2-3% 1-2 index strategy - - 1 Month
Stock Trader/ Stock in Focus 10% 2-3% 5-6 Stocks 7-10% 10-15% 3 Months
Alpha Trader 5% 2-3% 2-3 Alpha strategy 5% - 3 MonthsAlpha Trader 5% 2 3% 2 3 Alpha strategy 5% 3 Months
Volatility Insights 5% 2-3% 1-2 Strategy 8-10% 10-15% 1-2 Month
Arbitrage Opportunity 5% 2-3% 2-3 Stocks > 2.5% >2.5% Event Based
Positional / Daily Futures 10% 2-3% 8-12 Stocks 1-3% 2-5% 1-14 days
Index option & Strategy 15% 3-4% 2-5 Nifty 2-3% - 1-14 days
15
de op o S egy 5% 3 % 5 y 3% d ys
Stock option & Strategy 5% 3-4% 2-8 Stocks - 3-5% 1-14 days
Pankaj Pandey Head – Research [email protected] Research Desk,ICICI Securities Limited,1st Floor, Akruti Trade Centre,Road no.7, MIDCAndheri (East)Mumbai – 400 093research@icicidirect [email protected]
16
DisclaimerANALYST CERTIFICATION
We /I, Amit Gupta B.E, MBA (Finance), Bharat Chhoda MBA, Cheragh Sidhwa, MBA, Research Analysts authors and the names subscribed/ , p , ( ), , g , , yto this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) orsecurities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s)or view(s) in this report.
Terms & conditions and other disclosures:ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stockbrokering and distribution of financial products. ICICI Securities Limited is a SEBI registered Research Analyst with SEBI RegistrationNumber – INH000000990. ICICI Securities is a wholly-owned subsidiary of ICICI Bank which is India’s largest private sector bank and has itsvarious subsidiaries engaged in businesses of housing finance asset management life insurance general insurance venture capital fundvarious subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fundmanagement, etc. (“associates”), the details in respect of which are available on www.icicibank.com.ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets inIndia. We and our associates might have investment banking and other business relationship with a significant percentage of companiescovered by our Investment Research Department. ICICI Securities generally prohibits its analysts, persons reporting to analysts and theirrelatives from maintaining a financial interest in the securities or derivatives of any companies that the analysts cover.The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The reportand information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way,y y p y y y,transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without priorwritten consent of ICICI Securities. While we would endeavor to update the information herein on a reasonable basis, ICICI Securities underno obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICISecurities from doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and suchsuspension is in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI Securities might beacting in an advisory capacity to this company, or in certain other circumstances.This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification hasbeen made nor is its accuracy or completeness guaranteed This report and information herein is solely for informational purpose and shallbeen made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and shallnot be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financialinstruments. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. ICICISecurities will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal,accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. Thesecurities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investmentdecisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken insubstitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks.The value and return on investment may vary because of changes in interest rates foreign exchange rates or any other reason ICICIThe value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICISecurities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is notnecessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated beforeinvesting in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements arenot predictions and may be subject to change without notice.ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might havebeen mandated by the subject company for any other assignment in the past twelve months.ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the periodg y p p p g ppreceding twelve months from the date of this report for services in respect of managing or co-managing public offerings, corporatefinance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction.
ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchantbanking or brokerage services from the companies mentioned in the report in the past twelve months.ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report.ICICI Securities or its associates or its analysts did not receive any compensation or other benefits from the companies mentioned in thereport or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts andtheir relatives have any material conflict of interest at the time of publication of this report.It is confirmed that Amit Gupta B E MBA (Finance) Bharat Chhoda MBA Cheragh Sidhwa MBA Research Analysts of this report have notIt is confirmed that, Amit Gupta B.E, MBA (Finance), Bharat Chhoda MBA, Cheragh Sidhwa, MBA, Research Analysts of this report have notreceived any compensation from the companies mentioned in the report in the preceding twelve months.Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage servicetransactions.ICICI Securities or its subsidiaries collectively or Research Analysts or their relatives do not own 1% or more of the equity securities of theCompany mentioned in the report as of the last day of the month preceding the publication of the research report.Since associates of ICICI Securities are engaged in various financial service businesses, they might have financial interests or beneficialownership in various companies including the subject company/companies mentioned in this report.ownership in various companies including the subject company/companies mentioned in this report.It is confirmed that, Amit Gupta B.E, MBA (Finance), Bharat Chhoda MBA, Cheragh Sidhwa, MBA, Research Analysts do not serve as an
officer, director or employee of the companies mentioned in the report.ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented in
this report.
Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned in the report.We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity ResearchWe submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity ResearchAnalysis activities.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in anylocality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation orwhich would subject ICICI Securities and affiliates to any registration or licensing requirement within such jurisdiction. The securitiesdescribed herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession thisdocument may come are required to inform themselves of and to observe such restriction.