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Nitiraj Engineers Limited Board/Management Information 2022
61348_rns_2022-01-17_70dece68-9321-42d4-9e20-2fcc5ba02baf.pdf
Board/Management Information
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NITIRAJ ENGINEERS LTD.
CIN: L31909MH1999PLC119231 ISO 9001: 2015 COMPANY
CORPORATE OFFICE:
BEHIND GURUDWARA, DHULE - 424 001.(M.S.) INDIATEL.: +91 - 2562 - 239080, 239046, 239331 E-mail: [email protected] Web Site : www.nitiraj.net
Date: - 17/01/2022
251572 隙
To, The Manager, Listing & Compliance Department, National Stock Exchange of India limited Exchange Plaza, 5Th Floor, Plot No C/1, G Block, Bandra-Kurla Complex, Bandra. Mumbai - 400051
(Company ID: NITIRAJ ISIN: INE439T01012)
Sub: - Outcome of Board Meeting-under Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 as amended from time to time.
Dear Sir / madam,
Pursuant to Regulation 29 & 30 of the SEBI(Listing Obligations and disclosure Requirements) Regulations, 2015("Listing Regulations"), we wish to inform you that the Meeting of the Board of Directors of the company was held on Monday, 17th January, 2022 at 5.00 PM and concluded at 5.30 PM. The Board of directors of the company has considered and, either noted or approved the followings along with other routine businesses:-
- $1.$ Setting Up the New Commercial Unit at Dadra & Nagar Haveli (U.T.) on lease the details of the units is as under
- A. The Board has considered Setting up a Commercial Unit at Industrial Building at Plot No. 67/C, Piparia Industrial Estate, Amli, Dadra & Nagar Haveli (U.T.) hereinafter referred to as the "Industrial Building". This Industrial Building consisting of First floor having an area of about 5,000 Square Feet.
- B. The Board has informed to strength the supply chain of Company and also to take the advantage of Dadra & Nagar Haveli (U.T.) Incentives benefits the unit is set up at The Premise having an independent L.T. Power Connection of sanction load of 80 H.P. from the Electricity Department, Dadra & Nagar Haveli (U.T.)
- C. The Board has provided Power to one of its Directors, Mr. Shri Yi Hung Sin, having DIN 01953871, to execute and sign, all the documents relating to Lease, Factory Licenses and GST Registration and all the legal and statutory compliances, documents, what so ever, required until starting the operation and further most.
REGD.OFFICE : 306 A, BHABHA BLDG, N. M: JOSHI MARG, DELISLE ROAD MUMBAI - 400 011 (M.S.) 8 : (022) 23094161, 23001941 BRANCH OFFICES +
- e Electronic Weighing Scales & Systems
- Electronic Currency Counting Machines
- · Electronic Fare Meters
- · Home Automation
NITIRAJ ENGINEERS LTD. CIN: L31909MH1999PLC119231 ISO 9001: 2015 COMPANY CORPORATE OFFICE: BEHIND GURUDWARA, DHULE - 424 001.(M.S.) INDIATEL. : +91 - 2562 - 239080, 239046, 239331E-mail : [email protected] Web Site : www.nitirai.net
- $2.$ To Consider, NITIRAJ - Non Compliance Regulation 23 (9) of SEBI LODR, 2015 review as per SOP of the Company. Board has submitted the reply to exchange and request penalty waiver to exchange after the same for reference attached herewith the letter received. For which we have submitted the reply as under
- We have been migrated from SME to Main board as on 22/04/2021 and due to same, we were not able to understand whether, the same was applicable to us. or not and also, there was some misinterpretation on our side regarding the XBRL Excel Utility as this was first time we needed to file the form, there was some technical issue and so we have missed the same.
- We also don't have any material RTP Transactions during the period, there were only nominal transactions, which we have reported. The same has already been filed after your mail, this is for your information.
- Considering our request, kindly grant us waiver, and we sure you that this will not happen again in future. This is our first matter after migration from SME to Main board, so would request you to please consider the same.
You are requested to please take on record the aforesaid information for your reference, records and for further needful.
Thanking You, Yours Faithfully, FOR NITIRAI ENGINEERS LIMITED
DEEPIKA AMIT DALMIYA
DEEPIKA DALMIYA Company Secretary and Compliance Office M. No.: A58029
REGD.OFFICE: 306 A, BHABHA BLDG, N. M: JOSHI MARG, DELISLE ROAD MUMBAI - 400 011 (M.S.) 雷 : (022) 23094161, 23001941 ORRANCH OFFICES
| CHHATTISGARH | MAHARASHTRA Dhule | 240523 | ORRISSA | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ambikapur : 222508 Raipur : 4045448Bilasour | 401606 Raigarh : 231140 | Akola : 2422857 Jalgaon : 2217179 | Balangir : 09338885585 Jeypore : 251572 | |||||||||
| Buldhana : 244854 Nashik : 2316875 | Berhampur: 2224641 Sambalpur: 2541598 |
National Stock Exchange Of India Limited
NSE/LIST-SOP/COMB/FINES/0830
January 14, 2022
The Company Secretary Nitiraj Engineers Limited 306A, Bhabha Building, N. M. Joshi Marg, Delisle Road, Near Police Station, Mumbai - 400011
Dear Sir/Madam,
Subject: Notice for non-compliance with SEBI (LODR) Regulations, 2015 ("Listing Regulations")
Your attention is drawn towards SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 (hereinafter referred to as 'SOP Circular'), specifying Standard Operating Procedure for imposing fines and suspension of trading in case of Non-compliance with Listing Regulations. On verification of the Exchange records it has been observed that your Company has not complied/delayed complied with certain Listing Regulation(s). The details of noncompliance(s) and/or total fine payable by the Company and the particulars about manner in which fine should be remitted to the Exchange is enclosed as Annexure 1.
You are requested to inform the Promoters about identified non-compliance and to make the payment of fines within 15 days from the date of this notice, failing which the Exchange may initiate freezing of entire shareholding of the Promoters in the Company as well as in other securities held in the Demat account of the Promoters.
Further, as per SOP Circular, your Company is also required to ensure that the said non-compliance which has been identified by the Exchange and subsequent action taken by the Exchange in this regard shall be placed before the Board in the next Board Meeting and comments made by the Board shall be duly informed to the Exchange for dissemination.
In case of any clarification, you may contact any of the below mentioned Exchange Officers from Listing Compliance Department.
- $\triangleright$ Mr. Mandar Desai
- $\triangleright$ Ms. Bhumika Punjabi
Yours faithfully For National Stock Exchange of India Limited
Ravi Shekhar Rai Manager – Listing Compliance
This Document is Digitally Signed
Signer: Ravi Shekhar RaiDate: Fri, Jan 14, 2022 16:30:22 ISTLocation: NSE
Continuation
National Stock Exchange Of India Limited
Annexure 1
| Regulation | Quarter | Fine amount perday (Rs.) | Days of Non-compliance | Fine amount(Rs.) |
|---|---|---|---|---|
| 23(9) | 30-Sep-2021 | 5000 | 30 | 150000 |
| Total Fine | 150000* | |||
| GST (@18%) | 27000 | |||
| Total | 177000 |
* In case the Company is non-compliant as on the date of this letter then fine amount will keep on increasing every day till the date compliance is achieved.
Notes:
- If the fine amount is paid before receipt of this letter then inform the Exchange accordingly.
- Please update the payment details on below mentioned path: $\bullet$ $NEAPS$ > Payment > SOP Fine Payment.
- The above payment may be made vide RTGS / NEFT / Net Banking favouring 'National $\bullet$ Stock Exchange of India Limited'. The bank details towards the payment of fine are as follows:
| BENEFICIARY NAME | NATIONAL STOCK EXCHANGE OF INDIA LIMITED |
|---|---|
| BANK NAME | IDBI BANK LTD |
| A/CNO | Please refer Unique Account Code used for making AnnualListing fees to the Exchange |
| BRANCH | BANDRA KURLA COMPLEX, MUMBAI |
| RTGS/IFSC CODE | IIBKL0001000 |
- The fine paid as above will be credited to IPFT as envisaged in the circular.
- The Company may file request for waiver of fines levied. Kindly refer Exchange's policy for exemption of fine before applying for waiver. The policy document link https://www.nseindia.com/regulations/listing compliance. The request for waiver of fine can be submitted to Exchange through NEAPS portal at on given link: NEAPS>>Compliance>>Fine Waiver>>Waiver Request along with documentary evidence.
This Document is Digitally Signed
