6 PRIVATE EQUITY MUMBAI | THURSDAY, 21 FEBRUARY 2019 1 > DEBASIS MOHAPATRA Bengaluru, 20 February E xfinity Venture Partners, an early-stage information technology-focused fund, plans to exit some companies this year. And, to perhaps raise a new fund. Promoted by IT veterans TV Mohandas Pai, V Balakrishnan, Deepak Ghaisas and Girish Paranjpe, the Bengaluru-head- quartered venture capital fund is also mulling another decision. This is on whether to make its third fund a combination of a rupee and dollar-denominated one, for more flexibility for invest- ing in US-based IT start-ups. “We are working on some exits from the first fund. We started investing in start-ups since mid-2014, and have stayed invested in our portfolio compa- nies for around five years now,” said V Balakrishnan, the fund’s chairman. Exfinity has raised two funds since 2014. The first one had raised ~125 crore and the second fund’s size is ~300 crore. “Out of nine companies from our first fund, three have already raised Series-A (funding) and another three Series-B. So, they are doing quite well,” added Balakrishnan. Exfinity is focused on compa- nies dealing in new technology areas and in the business-to-busi- ness (B2B) segment. “We believe B2B has a lot of potential for India and the investment required in this segment is comparatively smaller against that of B2C (busi- ness-to-consumer). We may require around $20-30 million to build a good technology prod- uct,” said the chairman. “Also, exits in the B2B space are easier, as there are a lot of large global IT companies which are pursuing acquisition as a core strategy.” Entities in new technology areas such as mobility, artificial intelligence (AI), augmented reality, virtual reality and cloud are of interest to the VC fund, for investment across verticals. “As Exfinity is more of an early-stage fund, we come at a pre Series-A level, when the company has got a product ready and is trying to find customers for growth,” Balakrishnan said. On the plan to raise a third fund, he said it had already invested 50-60 per cent out of the second fund. Once, this is fully invested, Exfinity will look at the next one. “Our first two funds are rupee- denominated. For a third fund, we are mulling raising a mix of both rupee and dollar denominations, as it will help us in investing in US-based technology start-ups.” A rupee-denominated fund may only invest up to 25 per cent in a US-based start-up, if this has an Indian subsidiary. Such restrictions impede the ability of a rupee fund to invest in compa- nies abroad. Of their portfolio companies, Balakrishnan points to Locus as an example, since it’s using AI- based applications for efficient supply chain management. Similarly, Exfinity has invested in California-based agricultural technology start-up AgShift; it uses technology to inspect and grade food produce from farms, using deep learning and comput- er vision over a mobile device. Exfinity plans rupee-dollar fund, exits ~ denominated fund can only invest up to 25% in a US-based start-up if it has an Indian subsidiary KEY DEALS LAST WEEK Investor & target Stake (%) Value ($ mn) 1 Includes Aspada Fund I, Michael and Susan Dell Foundation 2 Includes Mathrubootham Rathnagirish, Rajagopal Subramanian, Shyam Sekhar 3 Includes Sequoia Capital India Advisors, SeaX Ventures There were 9 PE deals worth $148.95 million with 2 private equity exits in the last seven days ended February 20, 2019 Source: NewsCorp VCCEdge 83.96 3.72 49.42 NA 7.77 NA NA NA PI Opportunities Fund I Emami Morgan Stanley Real Estate Ksh Infra Zephyr Peacock India 1 Shiksha Financial Services Kumar Vembu 2 Travel Troops Global Dunamu and Partners 3 Band Protocol 3.0 3.0 Bain Capital, GIC to sell 10 mn Genpact shares Genpact’s private equity investors, Bain Capital and GIC Private Ltd, are selling 10 million of the company’s shares – about 20 per cent of their total stake – as they conti- nue to pare their holdings in the US-listed business process management company, the Economic Times reported. Genpact announced a follow-on public offering by its largest shareholders on February 12. Bain is selling about 8.5 million shares and GIC is selling about 1.5 million shares. TIW PE nears final close of ~500-crore debut fund SME buyout firm TIW Private Equity will soon make a final close of its debut fund and will raise another $100 million fund (~714 crore), according to news reports. TIW has raised around ~450 crore of the ~500-crore debut fund. TIW Private Equity is a sector agnostic buyout fund which makes equity and equity- linked investments in small and medium companies that offer high return on equity. It invests between $4 million and $8 million for each company. InnoVen extends ~35-crore venture debt to XpressBees Venture debt firm InnoVen Capital has made a debt investment in XpressBees, aggregating ~35 crore. XpressBees was incorporated to house the logistics business of Firstcry and the business was spun out of the group in September 2015. XpressBees is one of the leading end-to-end e-commerce focused logistics providers in India. PE ROUND-UP “Our first two funds are rupee-denominated. For a third fund, we are mulling to raise a mix of both rupee and dollar denominations, as it will help us in investing in US-based technology start-ups” V BALAKRISHNAN, Chairman at Exfinity Ventures EXFINITY VENTURES Size (~cr) No. of deals Exits First fund 125 9 companies Nil Second fund 300 About 8 firms Nil Key investments First fund : RiverSilica, Mad Street Den, MoEngage, iQLect and Fitternity among others Second fund: Shotang, Locus, MarianaIQ, AgShift among others RAGHAVENDRA KAMATH Mumbai, 20 February Real estate-focused private equi- ty (PE) funds are asking for higher cover and taking a conservative view of cash flow from projects. This is taking place as develop- ers go through a liquidity crunch in the wake of the IL&FS group’s defaults. This led non- banking financial companies (NBFCs) to curb lending to realty developers. Though a handful of PE funds — such as those managed by Motilal Oswal, Kotak, HDFC Capital, and some others — are active in the market, they are now stricter in evaluat- ing deals. Sharad Mittal, executive director at Motilal Oswal Real Estate Investment Advisors, said the fund has specified an addi- tional margin of safety, with low- er LTVs (loan to value ratios) in some projects. His entity invest- ed about ~300 crore in the past three to four months. Risk cover, he said, had gone up in varying degrees. For struc- tured debt, the returns expecta- tion had risen from 18-20 per cent to 21-23 per cent. “Deal flow continues to be strong, both for new and refinancing oppor- tunities for NBFC proj- ects. However, we are treading cautiously and being selective,” he added. Nisus Finance, another Mumbai-based fund manager, has in recent months increased its needed cover to 2.5 times from two times the value of the asset. “We believe the value of unsold inventory might come down and it could take longer to collect receivables. That is why we are taking higher cover,” said Amit Goenka, manag- ing director, Nisus. The fund man- ager did deals worth ~150 crore in recent months. Goenka said earlier the fund house was okay with investing in tier-II and tier-III developers. Now, however, it is eyeing quali- ty projects. HDFC Capital, the real estate fund management arm of HDFC, is also taking a conservative view on the assumptions regarding sales and cash flow. And, it is now ensuring more effective manage- ment of escrow accounts, said a source. The source added that it was not asking for higher cover while doing debt deals. “Risk is defined by quality of projects and devel- opers, not by higher interest. Our main aim is to reduce risk in our portfolio.” In the recent past, HDFC Capital has done platform invest- ment deals with Bengaluru-based Prestige group, Mahindra Lifespaces and ATS Infrastructure, among others. HDFC Capital, real estate fund management arm of HDFC, is also taking a conser- vative view on the assumptions regarding sales and cash flow STEP IN THE RIGHT DIRECTION? Motilal Oswal Real Estate is asking for additional cover in select cases Motilal Oswal’s returns expectation up from 18-20 % to 21–23 % HDFC Capital is taking a conservative view on assumption of sales, cashflows HDFC Capital introduced more effective management of escrow account Nisus Finance has increased cover from 2 times to 2.5 times Realty funds turn cautious in lending to developers TENDER CARE Commercial Feature Bank of Baroda donates in Chief Minister’s Relief Fund O n 16th February, 2019, Shri K V Tulshibagwale, General Manager (Ahmedabad Zone), Bank of Baroda alongwith Shri Vipul Hasmukh Barot, Company Secretary, BOB Financial Solutions Limited (A Wholly owned subsidiary of Bank of Baroda) handing over a cheque of Rs.12.51 Lacs in Chief Minister’s Relief Fund, Gujarat State to Shri Nitin Patel, Dy.Chief Minister of Gujarat towards Corporate Social Responsibility (CSR) activities.” GRSE Wins Making of Developed India Awards G RSE has been conferred with the "Making of Developed India Awards" in the Category of "Best Corporate Social Responsibility Practices" by ET Now & World HRD Congress. GRSE, as a Corporate Citizen is committed to take up differentdevelopmental projects, as a part of its Corporate Social Responsibility (CSR) and Sustainabilitytowards improving the quality of lives of the underprivileged sections of the soci- ety and other stakeholders primarily around its Factories and any where in India thereby making a meaningful difference in people's lives and strive to contribute towards sustainable development of the society and become a partner in nation building. The Award was received by GRSE Regional Manager at afunction held in Mumbai on 17Feb 2019. Hon'ble Vice President confer CCL "Leadership Award" for exemplary services towards H on'ble Vice President of India, Shri M. Venkaiah Naidu presented "NCST Leadership Award" to CMD, CCL Shri Gopal Singh, during the ?rst Foundation Day NCST on 19th February 2019 at National Media Centre, New Delhi. NCST, for the first time decided to institute a nation- al award named as "NCST Leadership Award" which was conferred for signi?cant and exemplary services towards Scheduled Tribes in the coun- try.The awards were given in 3 categories i.e. (i) Educational Institutions/ Universities, (ii) Public Sector Undertakings/Banks and (iii) Public Service rendered by an Individual, NGO or Civil Society. Central Coal?elds Limited (CCL), Ranchi has been conferred with "NCST leadership Award" in recognition of their signi?cant contribution in the ?eld of sport promotion among Scheduled Tribe (ST) children in Jharkhand. National Commission of Scheduled Tribes (NCST) presented its first Leadership Award to Central Coalfields Limited in Public Sector Undertaking category for their innova- tive project of setting up of Sports Academy (Joint Initiative of CCL & Jharkhand Government) to promote sports talent among Scheduled Tribes children in Jharkhand. A ll India Punjab National Bank Officers' Association (AIPNBOA) organ- ized a Shradhanjali Sabha to pay homage to the martyrs of Pulwama who laid their lives due to the dastardly act of the terrorists. Hundreds of officers of the Bank paid tearful tributes to the martyrs with chanting of slogans "Saheed Jawan Amar Rahe". Shri Pramod Kumkar Mekap, Secretary of the Association, addressed the congregation narrating the supreme sacrifices made by our Jawans for protecting our nation from the hands of our enemies and appealed all to come forward to make as much as financial contribution possible to the bereaved families of the martyrs through bharatkeveer portal/app or any other means at this hour of need. PNB organized Shradhanjali Sabha PM dedicates POWERGRID 765/400 kV Sub-station Orai & 765 kV Sub-station Aligarh and associated lines H on’ble Prime Minister, Narendra Modi dedicated POWERGRID 765/400 kV Orai Sub-station & 765 kV Aligarh Sub-station and asso- ciated lines today at a mega event held in Jhansi, as part of Transmission System for inter-regional strengthening scheme for Western Region (WR) and Northern Region (NR) (Part-B).Addressing the gathering Hon’ble PM said, “To solve the problem of electricity, the transmission system has been improved. Now along with Bundelkhand, the power system will be improved in many areas of Western UP. Power generated will be trans- mitted to different regions through the Western and Northern grid”.The project involves establishment of Extra High Voltage (EHV) Sub-stations at Orai Gas Insulated Sub-station (GIS) & Aligarh Gas Insulated Sub-station (GIS) along with high capacity power transmission corridor between northern and western grids. It will strengthen the inter-regional transmis- sion corridor and facilitate reliable supply of power to Orai, Aligarh & adjoining areas of Western UP and Bundelkhand. Apart from enhancing power transfer capability between western region & northern region grids to the tune of 2700 MW, it will also aid transfer of power from Sasan and Vindhyachal generation complexes in western region to load centres in western and northern regions. Form No. INC 26 Form No. INC 26 [Pursuant to rule 30 of The Companies (Incorpor [Pursuant to rule 30 of The Companies (Incorporation) Rules, ation) Rules, 2014] Change of R 2014] Change of Registered Offic egistered Office of the company f e of the company from one rom one state to another. state to another. Before the Regional Director, Central Government Before the Regional Director, Central Government Western R estern Region, Mumbai, at Ev egion, Mumbai, at Everest 5th Floor erest 5th Floor , 100 Marine Drive, , 100 Marine Drive, Mumbai - 400002, Mahar Mumbai - 400002, Maharashtr ashtra. a. In the mat In the matter of sub-section (4) of Section 13 of Companies Act, ter of sub-section (4) of Section 13 of Companies Act, 2013 and clause (a) 2013 and clause (a) of sub-rule (5) of the Companies (Incorpor of sub-rule (5) of the Companies (Incorporation) Rules, 2014. ation) Rules, 2014. AND AND In the mat In the matter of Marvel Pr ter of Marvel Properties Priv operties Private Limited bearing ate Limited bearing CIN: U45200MH2008PT CIN: U45200MH2008PTC179500,having its r C179500,having its registered office egistered office at802 B, 8th F at802 B, 8th Floor loor , Gr , Grande P ande Palladium, 175, CST R alladium, 175, CST Road, K oad, Kalina, alina, Sanatacruz (East), Mumbai – 400098, Mahar Sanatacruz (East), Mumbai – 400098, Maharashtr ashtra, India. a, India. - Petitioner - Petitioner Notice is he Notice is hereby gi reby given to the Gene ven to the General Public that the compa ral Public that the company ny proposes to ma roposes to make application to the ke application to the Regional Di Regional Director, Cent rector, Central ral Government under section 13 of the Companies Act,2013 overnment under section 13 of the Companies Act,2013 seeking confirmation of alte seeking confirmation of alteration of the Memo ration of the Memorandum of randum of Association of the Compa Association of the Company in terms of special ny in terms of special resolution passed resolution passed at the Ext at the Extrao raordinary Gene rdinary General Meeting held at shorter notice on ral Meeting held at shorter notice on Frid Friday, 8thd ay, 8thday of ay of February, 2019 to enable the compa February, 2019 to enable the company to shift ny to shift its its Registe Registered O red Office ffice from Jurisdiction of the from Jurisdiction of the Regist Registrar of rar of Companies, Chennai, State of Maha Companies, Chennai, State of Maharasht rashtra to the ra to the Regist Registrar of rar of Companies, Bangalo Companies, Bangalore, State of re, State of Karnataka. Karnataka. Any person whose interest is likely to be affected by the Any person whose interest is likely to be affected by the proposed change of the registered office of the company may proposed change of the registered office of the company may deliver either on the MC deliver either on the MCA-21 portal (ww A-21 portal (www.mca.gov.in) by filing w.mca.gov.in) by filing investor complaint form or cause to be delivered or send by investor complaint form or cause to be delivered or send by registered post his/her objections supported by an affidavit registered post his/her objections supported by an affidavit stating the nature of his/her interest and grounds of opposition stating the nature of his/her interest and grounds of opposition to the Regional Director at the address to the Regional Director at the address Western Region, Western Region, Mumbai, Everest 5th Floor, 100 Marine Drive, Mumbai - Mumbai, Everest 5th Floor, 100 Marine Drive, Mumbai - 400002, within fourteen days from the date of publication of 400002, within fourteen days from the date of publication of this notice, with a copy to the applicant company at its this notice, with a copy to the applicant company at its registered office at the address mentioned below: registered office at the address mentioned below: Regd. egd. Office:802 Office:802 B, B, 8th 8th Floor, Floor, Gr Grande P ande Palladium, alladium, 175, 175, CST R CST Road, oad, Kalina, alina, Sanatacruz Sanatacruz (East), (East), Mumbai – Mumbai – 400098, 400098, Mahar Maharashtr ashtra, a, India. India. For and on behalf of the Applicant. or and on behalf of the Applicant. For Marvel Properties Private Limited, For Marvel Properties Private Limited, Sd/- Gurur Sd/- Gururaj Mallikarjun Annigeri aj Mallikarjun Annigeri Director Director , DIN: 03572540 , DIN: 03572540 T : +91 9945502399 gurur : +91 9945502399 gururaj@marvelpr aj@marvelproperties.co.in operties.co.in Date:21-02-2019. Place: Mumbai Date:21-02-2019. Place: Mumbai
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6 PRIVATE EQUITY MUMBAI | THURSDAY, 21 FEBRUARY 2019 1>
DEBASIS MOHAPATRABengaluru, 20 February
Exfinity Venture Partners,an early-stage informationtechnology-focused fund,
plans to exit some companiesthis year. And, to perhaps raise anew fund.
Promoted by IT veterans TVMohandas Pai, V Balakrishnan,Deepak Ghaisas and GirishParanjpe, the Bengaluru-head-quartered venture capital fund isalso mulling another decision.This is on whether to make itsthird fund a combination of arupee and dollar-denominated
one, for more flexibility for invest-ing in US-based IT start-ups.
“We are working on someexits from the first fund. Westarted investing in start-upssince mid-2014, and have stayed
invested in our portfolio compa-nies for around five years now,”said V Balakrishnan, the fund’schairman.
Exfinity has raised two fundssince 2014. The first one had
raised ~125 crore and the secondfund’s size is ~300 crore. “Out ofnine companies from our firstfund, three have already raisedSeries-A (funding) and anotherthree Series-B. So, they are doing
quite well,” added Balakrishnan.Exfinity is focused on compa-
nies dealing in new technologyareas and in the business-to-busi-ness (B2B) segment. “We believeB2B has a lot of potential for Indiaand the investment required inthis segment is comparativelysmaller against that of B2C (busi-ness-to-consumer). We mayrequire around $20-30 million tobuild a good technology prod-uct,” said the chairman. “Also,exits in the B2B space are easier,as there are a lot of large global ITcompanies which are pursuingacquisition as a core strategy.”
Entities in new technologyareas such as mobility, artificialintelligence (AI), augmentedreality, virtual reality and cloudare of interest to the VC fund, forinvestment across verticals. “AsExfinity is more of an early-stagefund, we come at a pre Series-Alevel, when the company has gota product ready and is trying tofind customers for growth,”Balakrishnan said.
On the plan to raise a third
fund, he said it had alreadyinvested 50-60 per cent out of thesecond fund. Once, this is fullyinvested, Exfinity will look at thenext one.
“Our first two funds are rupee-denominated. For a third fund, weare mulling raising a mix of bothrupee and dollar denominations,as it will help us in investing inUS-based technology start-ups.”
A rupee-denominated fundmay only invest up to 25 per centin a US-based start-up, if this hasan Indian subsidiary. Suchrestrictions impede the ability ofa rupee fund to invest in compa-nies abroad.
Of their portfolio companies,Balakrishnan points to Locus asan example, since it’s using AI-based applications for efficientsupply chain management.Similarly, Exfinity has investedin California-based agriculturaltechnology start-up AgShift; ituses technology to inspect andgrade food produce from farms,using deep learning and comput-er vision over a mobile device.
Exfinity plans rupee-dollar fund, exits~ denominatedfund can onlyinvest up to 25% in a US-based start-up if it has anIndian subsidiary
KEY DEALS LAST WEEKInvestor & target Stake (%) Value ($ mn)
1 Includes Aspada Fund I, Michael and Susan DellFoundation2 Includes Mathrubootham Rathnagirish, RajagopalSubramanian, Shyam Sekhar 3 Includes Sequoia Capital India Advisors, SeaX Ventures
There were 9 PE deals worth $148.95 million with 2 privateequity exits in the last seven days ended February 20, 2019
Source: NewsCorp VCCEdge
83.963.72
49.42NA
7.77NA
NA
NA
PI Opportunities Fund IEmami
Morgan StanleyReal EstateKsh Infra
Zephyr PeacockIndia 1
Shiksha Financial Services
Kumar Vembu 2
Travel Troops Global
Dunamu and Partners 3
Band Protocol
3.0
3.0
Bain Capital, GIC to sell 10 mn Genpact sharesGenpact’s private equity investors, BainCapital and GIC Private Ltd, are selling 10 million of the company’s shares – about 20 per cent of their total stake – as they conti-nue to pare their holdings in the US-listedbusiness process management company, theEconomic Times reported. Genpactannounced a follow-on public offering by itslargest shareholders on February 12. Bain isselling about 8.5 million shares and GIC isselling about 1.5 million shares.
TIW PE nears final close of~500-crore debut fundSME buyout firm TIW Private Equity will soonmake a final close of its debut fund and willraise another $100 million fund (~714 crore),according to news reports. TIW has raisedaround ~450 crore of the ~500-crore debutfund. TIW Private Equity is a sector agnosticbuyout fund which makes equity and equity-linked investments in small and mediumcompanies that offer high return on equity. Itinvests between $4 million and $8 million foreach company.
InnoVen extends ~35-croreventure debt to XpressBeesVenture debt firm InnoVen Capital has made adebt investment in XpressBees, aggregating~35 crore. XpressBees was incorporated tohouse the logistics business of Firstcry and thebusiness was spun out of the group inSeptember 2015. XpressBees is one of theleading end-to-end e-commerce focusedlogistics providers in India.
PE ROUND-UP
“Our first two funds are rupee-denominated.For a third fund, we are mulling to raise a mix of both rupee and dollar denominations,as it will help us in investing in US-basedtechnology start-ups”
V BALAKRISHNAN, Chairman at Exfinity Ventures
EXFINITY VENTURESSize (~cr) No. of deals Exits
First fund 125 9 companies Nil
Second fund 300 About 8 firms Nil
Key investmentsFirst fund : RiverSilica, Mad Street Den, MoEngage, iQLect and Fitternityamong others
Second fund: Shotang, Locus, MarianaIQ, AgShift among others
RAGHAVENDRA KAMATHMumbai, 20 February
Real estate-focused private equi-ty (PE) funds are asking for highercover and taking a conservativeview of cash flow from projects.
This is taking place as develop-ers go through a liquidity crunch inthe wake of the IL&FS group’sdefaults. This led non-banking financialcompanies (NBFCs) tocurb lending to realtydevelopers.
Though a handfulof PE funds — such asthose managed byMotilal Oswal, Kotak,HDFC Capital, andsome others — areactive in the market,they are now stricter in evaluat-ing deals.
Sharad Mittal, executivedirector at Motilal Oswal RealEstate Investment Advisors, saidthe fund has specified an addi-tional margin of safety, with low-
er LTVs (loan to value ratios) insome projects. His entity invest-ed about ~300 crore in the pastthree to four months.
Risk cover, he said, had goneup in varying degrees. For struc-tured debt, the returns expecta-tion had risen from 18-20 per centto 21-23 per cent.
“Deal flow continues to bestrong, both for newand refinancing oppor-tunities for NBFC proj-ects. However, we aretreading cautiouslyand being selective,” headded.
Nisus Finance,another Mumbai-basedfund manager, has inrecent monthsincreased its needed
cover to 2.5 times from two timesthe value of the asset. “We believethe value of unsold inventorymight come down and it couldtake longer to collect receivables.That is why we are taking highercover,” said Amit Goenka, manag-
ing director, Nisus. The fund man-ager did deals worth ~150 crore inrecent months.
Goenka said earlier the fundhouse was okay with investing intier-II and tier-III developers.Now, however, it is eyeing quali-ty projects.
HDFC Capital, the real estatefund management arm of HDFC,is also taking a conservative viewon the assumptions regardingsales and cash flow. And, it is nowensuring more effective manage-ment of escrow accounts, said asource.
The source added that it wasnot asking for higher cover whiledoing debt deals. “Risk is definedby quality of projects and devel-opers, not by higher interest. Ourmain aim is to reduce risk in ourportfolio.”
In the recent past, HDFCCapital has done platform invest-ment deals with Bengaluru-basedPrestige group, MahindraLifespaces and ATS Infrastructure,among others.
HDFC Capital, realestate fundmanagement armof HDFC, is alsotaking a conser-vative view onthe assumptionsregarding salesand cash flow
STEP IN THE RIGHT DIRECTION?Motilal OswalReal Estate isasking foradditionalcover in selectcases
Motilal Oswal’sreturnsexpectationup from 18-20 % to 21–23 %
HDFC Capital istaking aconservativeview onassumption ofsales, cashflows
HDFC Capitalintroducedmore effectivemanagementof escrowaccount
NisusFinance hasincreasedcover from 2 times to 2.5 times
Realty funds turn cautious in lending to developers
TENDER CARE Commercial Feature
Bank of Baroda donates in Chief Minister’s Relief Fund
On 16th February, 2019, Shri K V Tulshibagwale, General Manager(Ahmedabad Zone), Bank of Baroda alongwith Shri Vipul Hasmukh
Barot, Company Secretary, BOB Financial Solutions Limited (A Whollyowned subsidiary of Bank of Baroda) handing over a cheque of Rs.12.51Lacs in Chief Minister’s Relief Fund, Gujarat State to Shri Nitin Patel,Dy.Chief Minister of Gujarat towards Corporate Social Responsibility(CSR) activities.”
GRSE Wins Making of Developed India Awards
GRSE has been conferred with the "Making of Developed IndiaAwards" in the Category of "Best Corporate Social Responsibility
Practices" by ET Now & World HRD Congress. GRSE, as a CorporateCitizen is committed to take up differentdevelopmental projects, as a part
of its Corporate Social Responsibility (CSR) and Sustainabilitytowardsimproving the quality of lives of the underprivileged sections of the soci-ety and other stakeholders primarily around its Factories and any wherein India thereby making a meaningful difference in people's lives andstrive to contribute towards sustainable development of the society andbecome a partner in nation building. The Award was received by GRSERegional Manager at afunction held in Mumbai on 17Feb 2019.
Hon'ble Vice President confer CCL "LeadershipAward" for exemplary services towards
Hon'ble Vice President of India, Shri M. Venkaiah Naidu presented"NCST Leadership Award" to CMD, CCL Shri Gopal Singh, during the
?rst Foundation Day NCST on 19th February 2019 at National MediaCentre, New Delhi. NCST, for the first time decided to institute a nation-al award named as "NCST Leadership Award" which was conferred forsigni?cant and exemplary services towards Scheduled Tribes in the coun-try. The awards were given in 3 categories i.e. (i) Educational Institutions/Universities, (ii) Public Sector Undertakings/Banks and (iii) Public Servicerendered by an Individual, NGO or Civil Society. Central Coal?elds Limited(CCL), Ranchi has been conferred with "NCST leadership Award" inrecognition of their signi?cant contribution in the ?eld of sport promotionamong Scheduled Tribe (ST) children in Jharkhand. National Commissionof Scheduled Tribes (NCST) presented its first Leadership Award to CentralCoalfields Limited in Public Sector Undertaking category for their innova-tive project of setting up of Sports Academy (Joint Initiative of CCL &Jharkhand Government) to promote sports talent among Scheduled Tribeschildren in Jharkhand.
All India Punjab National Bank Officers' Association (AIPNBOA) organ-ized a Shradhanjali Sabha to pay homage to the martyrs of Pulwama
who laid their lives due to the dastardly act of the terrorists. Hundreds ofofficers of the Bank paid tearful tributes to the martyrs with chanting of
slogans "Saheed Jawan Amar Rahe". Shri Pramod Kumkar Mekap,Secretary of the Association, addressed the congregation narrating thesupreme sacrifices made by our Jawans for protecting our nation from thehands of our enemies and appealed all to come forward to make as muchas financial contribution possible to the bereaved families of the martyrsthrough bharatkeveer portal/app or any other means at this hour of need.
PNB organized Shradhanjali Sabha
PM dedicates POWERGRID 765/400 kV Sub-stationOrai & 765 kV Sub-station Aligarh and associated linesHon’ble Prime Minister, Narendra Modi dedicated POWERGRID
765/400 kV Orai Sub-station & 765 kV Aligarh Sub-station and asso-ciated lines today at a mega event held in Jhansi, as part of TransmissionSystem for inter-regional strengthening scheme for Western Region (WR)and Northern Region (NR) (Part-B).Addressing the gathering Hon’ble PMsaid, “To solve the problem of electricity, the transmission system hasbeen improved. Now along with Bundelkhand, the power system will beimproved in many areas of Western UP. Power generated will be trans-mitted to different regions through the Western and Northern grid”.Theproject involves establishment of Extra High Voltage (EHV) Sub-stations atOrai Gas Insulated Sub-station (GIS) & Aligarh Gas Insulated Sub-station(GIS) along with high capacity power transmission corridor betweennorthern and western grids. It will strengthen the inter-regional transmis-sion corridor and facilitate reliable supply of power to Orai, Aligarh &adjoining areas of Western UP and Bundelkhand. Apart from enhancingpower transfer capability between western region & northern region gridsto the tune of 2700 MW, it will also aid transfer of power from Sasan andVindhyachal generation complexes in western region to load centres inwestern and northern regions.
Form No. INC 26Form No. INC 26
[Pursuant to rule 30 of The Companies (Incorpor[Pursuant to rule 30 of The Companies (Incorporation) Rules, ation) Rules,
2014] Change of R2014] Change of Registered Officegistered Office of the company fe of the company from one rom one
state to another.state to another.
Before the Regional Director, Central GovernmentBefore the Regional Director, Central Government
Western Restern Region, Mumbai, at Evegion, Mumbai, at Everest 5th Floorerest 5th Floor, 100 Marine Drive, , 100 Marine Drive,
Mumbai - 400002, MaharMumbai - 400002, Maharashtrashtra.a.
In the matIn the matter of sub-section (4) of Section 13 of Companies Act, ter of sub-section (4) of Section 13 of Companies Act,
2013 and clause (a) 2013 and clause (a)
of sub-rule (5) of the Companies (Incorporof sub-rule (5) of the Companies (Incorporation) Rules, 2014.ation) Rules, 2014.
ANDAND
In the matIn the matter of Marvel Prter of Marvel Properties Privoperties Private Limited bearing ate Limited bearing
CIN: U45200MH2008PTCIN: U45200MH2008PTC179500,having its rC179500,having its registered office egistered office
at802 B, 8th Fat802 B, 8th Floorloor, Gr, Grande Pande Palladium, 175, CST Ralladium, 175, CST Road, Koad, Kalina, alina,
Sanatacruz (East), Mumbai – 400098, MaharSanatacruz (East), Mumbai – 400098, Maharashtrashtra, India. a, India.
- Petitioner- Petitioner
Notice is heNotice is hereby gireby given to the Geneven to the General Public that the comparal Public that the companyny
proposes to maroposes to make application to theke application to the Regional DiRegional Director, Centrector, Centralral
Government under section 13 of the Companies Act,2013overnment under section 13 of the Companies Act,2013
seeking confirmation of alteseeking confirmation of alteration of the Memoration of the Memorandum ofrandum of
Association of the CompaAssociation of the Company in terms of specialny in terms of special resolution passedresolution passed
at the Extat the Extraoraordinary Generdinary General Meeting held at shorter notice onral Meeting held at shorter notice on
FridFriday, 8thday, 8thday ofay of February, 2019 to enable the compaFebruary, 2019 to enable the company to shiftny to shift
itsits RegisteRegistered Ored Officeffice from Jurisdiction of thefrom Jurisdiction of the RegistRegistrar ofrar of
Companies, Chennai, State of MahaCompanies, Chennai, State of Maharashtrashtra to thera to the RegistRegistrar ofrar of
Companies, BangaloCompanies, Bangalore, State ofre, State of Karnataka.Karnataka.
Any person whose interest is likely to be affected by theAny person whose interest is likely to be affected by the
proposed change of the registered office of the company mayproposed change of the registered office of the company may
deliver either on the MCdeliver either on the MCA-21 portal (wwA-21 portal (www.mca.gov.in) by filingw.mca.gov.in) by filing
investor complaint form or cause to be delivered or send byinvestor complaint form or cause to be delivered or send by
registered post his/her objections supported by an affidavitregistered post his/her objections supported by an affidavit
stating the nature of his/her interest and grounds of oppositionstating the nature of his/her interest and grounds of opposition
to the Regional Director at the addressto the Regional Director at the address Western Region,Western Region,
Mumbai, Everest 5th Floor, 100 Marine Drive, Mumbai -Mumbai, Everest 5th Floor, 100 Marine Drive, Mumbai -
400002, within fourteen days from the date of publication of400002, within fourteen days from the date of publication of
this notice, with a copy to the applicant company at itsthis notice, with a copy to the applicant company at its
registered office at the address mentioned below:registered office at the address mentioned below:
Regd. egd. Office:802 Office:802 B, B, 8th 8th Floor, Floor, GrGrande Pande Palladium, alladium, 175, 175, CST RCST Road, oad,
Kalina, alina, Sanatacruz Sanatacruz (East), (East), Mumbai – Mumbai – 400098, 400098, MaharMaharashtrashtra, a, India.India.
For and on behalf of the Applicant. or and on behalf of the Applicant.
For Marvel Properties Private Limited,For Marvel Properties Private Limited,
Sd/- GururSd/- Gururaj Mallikarjun Annigeriaj Mallikarjun Annigeri
DirectorDirector, DIN: 03572540, DIN: 03572540
T: +91 9945502399 gurur: +91 9945502399 gururaj@[email protected]
Date:21-02-2019. Place: MumbaiDate:21-02-2019. Place: Mumbai
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