Swaraj Engines Ltd. — Board/Management Information 2021

Apr 5, 2021

SWARAJ ENGINES LIMITED

Works : Plot No. 2, lndl. Focal Point, Phase-IX, S.A.S. Nagar Distt. S.A.S. Nagar (Mohali) (Near Chandigarh) Tel.: 0172-2234941-47, 2234950

02/SP/EXCH 5th April, 2021

BSE Limited Listing Department P.J. Towers, 1st Floor, Dalal Street, Fort, Mumbai - 400 001 Email: corp.relations@bseindia.com Scrip Code: 500407

National Stock Exchange of India Limited Capital Market-Listing, Exchange Plaza, Sandra Kurla Complex, Sandra (E), Mumbai- 400051 Email: cmlist@nse co.in Scrip Name: SWARAJENG

Sub: Newspaper Advertisement for Board Meeting

Dear Sir,

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of the Notice of Board Meeting, published on 5th April, 2021 in the following newspapers:

S.No.	Name of Newspaper	Editions
1 Financial Express (English)		All Edition
2	it (Punjabi) Aj	Jalandhar

This intimation is also being uploaded on the Company's website at http://www.swarajenterprise.com.

You are requested to take note of the same.

With regards,

For SWARAJ ENGINES LTD.

~L-t,fl - --

(Rajesh K. Kapila) Company Secretary

Encl: As above OF

FINANCIAL EXPRESS

NATION $\overline{\mathbf{3}}$

• PERSISTENT STRESS Discoms' outstanding dues to power gencos rise 17% to ₹1.02L cr in Feb

PRESS TRUST OF INDIA New Delhi, April 4

TOTAL DUES OWED by electricity distribution companies to power producers rose nearly 17% to ₹1,02,684 crore in February this year, reflecting persistent stress in the sector.

Distribution companies (discoms) owed a total of ₹87,888 crore to power generation firms in February 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). However, total outstanding dues of discoms towards power generation firms in February slightly dipped from ₹1,03,116 crore in January this year and $\overline{5102,676}$ crore in December 2020.

The PRAAPTI portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms.

In February 2021, the total overdue amount, which was not cleared even after 45 days of

grace period offered by generators, stood at ₹91,549 crore as against ₹73,867 crore in same month a year ago.

The overdue amount stood at $\overline{5}92,120$ crore in January 2021 and ₹93,599 crore in December 2020.

Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.

To give relief to power generation companies (gencos), the Centre enforced a payment security mechanism from August 1, 2019. Under this mechanism, discoms are required to open letters of credit

Discoms in Rajasthan, Uttar Pradesh, J&K, Telangana, Andhra, Karnataka,

Maharashtra, Jharkhand, Haryana and Tamil Nadu account for the major portion of dues to power gencos, data showed

for getting power supply.

The Central government had also given some breathers to discoms for paying dues to power generating companies in view of the Covid-19induced lockdown. The government had also waived penal charges for late payment of dues in the directive.

In May, the government announced ₹90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from Power Finance Corporation (PFC) and REC. This was a government initiative to help gencos to remain afloat. Later, the liquidity infusion package

was increased to ₹1.2 lakh crore and further to ₹1.35 lakh crore.

Last month, Power Minister RK Singh had said in a written reply to the Rajya Sabha that "so far, loans of $\overline{\tau}1,35,497$ crore have been sanctioned (under the liquidity infusion scheme and ₹46,321 crore have been released to states/Discoms by REC and PFC (Power Finance Corporation)".

The minister had also explained to the House that due to the consequent nationwide lockdown, the revenues of the power distribution companies (discoms) nosedived, as people were unable to pay for electricity consumed.

Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Jharkhand, Haryana and Tamil Nadu account for the major portion of dues to power gencos, the data showed. Overdue of independent power producers amount to 46.31% of the total overdue of ₹91,549 crore of discoms in February.

PRESS TRUST OF INDIA New Delhi, April 4 SBI CARDS AND Payment Services (SBI Card) has been seeing over 50% of its transac-

tions via online payments such as on groceries, utility bills, insurance premium, and hopes the trend to go up further as point of sale purchases are yet to pick up, top company executive said.

Keeping a watch on the

recent coronavirus resurgence in the country across some key locations, SBI Card MD and CEO Rama Mohan Rao Amara said it would be too early to say whether it will have any bearing on people's purchasing behaviour. However, online payments

is a trend which is going to go up further, he added.

MFs turn net buyers in March, invest $\overline{z}$ 2,476 cr in equities

PRESS TRUST OF INDIA New Delhi, April 4

MUTUAL FUNDS INVESTED ₹2,476 crore in equities in March, making it the first such infusion in 10 months, as consolidation in the market provided investment opportunities to fund managers.

Kaushlendra Singh Sengar, founder and CEO at INVEST19, said mutual funds (MFs) inflow in equities will be stagnant in

MD and CEO Rama Mohan Rao Amara

"Particularly within SBI Card, now, more than 53% of the spends actually come from online payments which used to be around 44% earlier. Almost 9 percentage points improvement is there mainly in terms of the categories like for groceries, apparel, utility bill pay-

ment, insurance premium, online education," Amara told PTI in an interview.

SBI Card sees over 50% transaction

via online payments: CEO Amara

He added that for these kind of categories, suddenly the company has seen kind of an increase in spends online. "We believe (it) will remain online because once people get used to the comfort of it, they will continue with that. So, Covidor no-Covid, it will not impact that."

However, he said the point of sale (PoS) locations have not opened that well, as and when the footfall increases, there will be a pick-up there also.

The pure-play card company is also seeing an emerging trend of securing more customers from non-metro locations. It is also banking on its parent company SBI's huge customer base to expand further. Maybe till 5-6 years ago, tier-I locations were contribut ing majorly to the credit card

industry growth. "But, if you look at our recent performance, around 58% of our incremental sourcing is actually coming from non-tier cities that is tier II, III and IV. These are contributing more to our new credit card acquisitions, that is basically

we have a piggyback of our parent bank (SBI) customer base. he added. The company's card-in-

force grew $15\%$ to 1.15 crore in the third quarter of the fiscal ended March 2021, against one crore in the year ago same period. The spends were higher by 8% to ₹37,797 crore from ₹35,135 crore.

IL&FS receives ₹693-crore settlement claims from NHAI for two projects

PRESS TRUST OF INDIA Mumbai, April 4

ways (MoRTH) guidelines of March 2019 for incomplete or

Expressway from NHAI. FSEL, KNCEL and IRIDCL

He further said some signs of consolidation in the market do give opportunities to fund managers to invest in good ideas if

IL&FS TRANSPORTATION NETWORKS (ITNL), a subsidiary of IL&FS, on Sunday said it has received a settlement amount of $\overline{6}$ 673 crore for Kiratpur Ner Chowk Expressway (KNCEL) and $\overline{\tau}20$ crore towards claims for Chenani Nashri Tunnelway (CNTL), from the National Highways Authority of India (NHAI).

The amount was received on March 31, Infrastructure Leasing and Financial Services (IL&FS) said in a statement.

The KNCEL project was foreclosed under the Ministry of Road Transport and High-

Chhattisgarh: Bodies of 20 jawans recovered; toll at 22

A paramilitary soldier, injured in an encounter with Maoist rebels, is being treated at a hospital in Bijapur district of Chhattisgarh on Sunday

PRESS TRUST OF INDIA Raipur, April 4

POLICE RECOVERED BUL-LET-RIDDLED bodies of 20 jawans in the jungles of Chattisgarh Sunday, raising to 22 the number of security personnel killed in a fierce gunbattle with Naxals the previous day $-$ the biggest massacre in more than a year that also left 31 injured.

Police had on Saturday said five security personnel were killed in the encounter and 18 were missing. Two of the five bodies were recovered on Saturday itself, they had said.

ing after five security person-

stalled projects. CNTL is a completed pro-

ject, earning annuities, and the ₹19.6 crore is the claim amount towards change of scope, the statement said. It said Fagne Songadh Expressway (FSEL), a 100%

subsidiary of ITNL, had earlier completed its settlement with NHAI under the new MoRTH policy on stuck-up projects receiving an amount of $\overline{5707}$

crore. Other IL&FS projects set-

tled under claims and compensation by NHAI till date include Jorabat Shillong Expressway (JSEL) ₹252 crore;

Baleshwar Kharagpur Expressway (BKEL) ( $\overline{\xi}$ 8 crore); and ITNL Road Infrastructure Development Company $(IRIDCL)(\overline{z}144 \text{ core})$ that was settled by MoRTH.

The group further said there is a pending settlement of ₹902 crore for the Khed Sinnar Expressway project and ₹171 crore for Amravati Chikli

have been handed over to NHAI and MoRTH post settlement of claims, it said adding that BKEL will form part of the infrastructure investment trust (InvIT) that will include 11 Road pro-

jects in two phases. "Between FSEL, KNCEL, IRIDCL - IL&FS would be addressing an aggregate debt of Rs 3500 crore through NHAI and MoRTH settlements," the statement said.

The IL&FS group, as part of its debt resolution framework approved by NCLAT, is following a multi-pronged strategy for its road assets to address debt.

near future. Prior to the inflows, mutual funds (MFs) had been

withdrawing money from equities since June 2020, data available with the Securities and Exchange Board of India (Sebi) showed.

"The markets were a bit volatile in March and at one point of time it was around minus 4-5% from the beginning of the month. If we see last few quarters, the market continued to surge and many investors were opting to book profits," Harshad Chetanwala, co-founder of Mywealthgrowth, said.

COO of Groww believes that the redemption pressure on mutual funds is reducing as the markets have remained consistent and there have been no major declines in the market despite the second wave. That might be helping with the investor's sentiments.

Many new opportunities are emerging in the stock markets as economic recovery of India takes shape and investors become more comfortable with the idea of investing in riskier assets like equities as opposed to traditional assets like FD, gold, he added.

Call: 82749 59252 Email: ashish.global.logistics@gmail.com

SALE NOTICE AFFINITY BEAUTY SALON PRIVATE LIMITED (In Liquidation)

Liquidator: Mr. Rohit Sehgal Registered Office: C-25 Green Park, Main Market, New Delhi-110006 Email ID: rp.affinitysalon@gmail.com, riamrs101@gmail.com Contact Number: 7011568767 (Mr. Rahul Nagar)

E-Auction

Sale of Assets under Insolvency and Bankruptcy Code, 2016 Date and Time of E-Auction: 21st April, 2021 at 3.00 pm to 5.00 pm With unlimited extension of 5 minutes each)

Sale of Assets owned by Affinity Beauty Salon Private Limited (in Liquidation) forming part of Liquidation Estate formed by the Liquidator, appointed by the Hon'ble National Company Law Tribunal, Principal Bench, New Delhi vide order dated 28th August, 2020. The sale will be done by the undersigned through the e-auction platform ttps://ncltauction.auctiontiger.net

Block	Reserve Price (in Rs.)	EMD Amount (in Rs.)	Incrementa Value (in Rs.)
A	02.15 (In Lakhs)	0.21 (In Lakhs)	Thousand
B	02.53 (In Lakhs)	0.25 (In Lakhs)	5 Thousand
C	03.78 (In Lakhs)	0.37 (In Lakhs)	Thousand

the grid committed of the C-guardion gre ge mind

• E-Auction will be conducted on "AS IS WHERE IS", "AS IS WHAT IS" and "WHATEVER THERE IS BASIS" through approved service provider M/S E-procurement Technologie Limited (Auction Tiger)
• The Complete E-Auction process document containing details of the Assets, online e- auction Bid Form, Declaration and Undertaking Form, General Terms and Conditions of online auction sale are available on website https://ncltauction.auctiontiger.net Contact: Mr. Ram Sharma at +91-6351896834/079-61200584 & 6351896834 ramprasad@auctiontiger.ne /neha.gyani@auctionfiger.net/support@auctiontiger.net (On going to the link https://ncltauction.auctiontiger.net interested bidders will have to search for the mentioned company by using either one of the two options, (i) Company's name (Affinity Beauty Salon Private Limited), or by, (ii) State and property type)
• The intending bidders, prior to submitting their bid, should make their independent inquiries regarding the Assets, if any and inspect the property at their own expenses and satisfy themselves. The assets mentioned above can be inspected by the prospective bidders at the location (as above mentioned) with orior appointment, contacting Mr. Rahul Nagar: +91-7011568767.
• The intending bidders are required to deposit Earnest Money Deposit (EMD) amount eithe through DD/NEFT/RTGS in the Account of "AFFINITY BEAUTY SALON PRIVATE LIMITED IN LIQUIDATION®, Account No.: 50200052779968, HDFC Bank, Branch: The Peach Tree C-Block, Sushant Lok-1, Gurugram-122002, IFSC Code: HDFC0002686, or through DD drawn on any Scheduled Bank in the name of AFFINITY BEAUTY SALON PRIVATE LIMITED IN LIQUIDATION" or give a Bank Guarantee for the EMD Amount as per Format A or Format B as given in the Complete E-Auction process document.
• The intending bidder should submit the evidence for EMD Deposit or Bank Guarantee and Request Letter for participation in the E-Auction along with Self attested copy of (1) Proof of Identification (2) Current Address-Proof (3) PAN card (4) Valid e-mail ID (5) Landline and Mobile Phone number (6) Affidavit and Undertaking, as per Annexure 1 (7) Bid Application

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The remaining three bodies and also the bodies of 17 of the 18 missing jawans were recovered on Sunday, police said, adding a search operation is underway to trace the missing jawan.

The dead include eight from the District Reserve Guard (DRG), seven from the CRPF's Commando Battalion for Resolute Action (CoBRA), six from the Special Task Force and one from the 'Bastariya' battalion of the CRPF," Inspector General of Police (Bastar range) Sundarraj P told PTI.

The missing jawan belongs to the CoBRA unit, he said.

He said the anti-Naxal operation was launched based on the intelligence inputs about the presence of Maoists of PLGA (Peoples' Liberation Guerilla Army) Battalion No. 1 led by Hidma, a Naxal commander involved in many deadly attacks on security forces.

He rubbished reports of "a meticulously planned Naxal ambush", adding, "Security forces fought bravely and inflicted a heavy blow to the ultras during the face-off".

Another senior police official said the Naxals, around 400 in number, were strategically posi-

financialexp.epan.in

nel were killed on Saturday in the fierce gun battle with Naxals in a forest along the border between Bijapur and Sukma districts in Chhattisgarh, police said.

tioned on a hillock in front of

Tekalguda village and around it.

under heavy fire following

which a few moved to the

deserted village to take defen-

sive positions where the Naxals

showed bodies of the slain

jawans lying in the field and on

the village streets. An eyewitness

said the bodies of the security

personnel had bullet wounds

and also had wounds inflicted

Eighteen jawans were miss-

by sharp weapons.

Visuals from the spot

lay in wait, the official said.

The security personnel came

SWARAJ SWARAJ ENGINES LTD. CIN: L50210PB1985PLC006473 Regd. Office: Phase IV, Industrial Area, S.A.S.Nagar (Mohali), Punjab - 160 055 Tel: 0172-2271620, Fax: 0172-2272731 mail: selinvestor@swarajenterprise.com Website : www.swarajenterprise.com

NOTICE

Pursuant to Regulation 47 of the SEB (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, NOTICE is hereby given that the Meeting of the Board of Directors of the Company will be held on 20^th April, 2021 (Tuesday), inter alia, to consider and approve, the Audited Financial Results o the Company for the financial year ended on 31" March, 2021 and to recommend equity dividend, if any, for the said year

The above information is available on the website of the Company at www.swarajenterprise.com and also on the websites of the stack exchanges at www.bseindia.com & www.nseindia.com The outcome of the meeting shall also be made available on above

For SWARAJ ENGINES LTD.

mentioned websites.

(RAJESH K. KAPILA) Company Secretary Place: S.A.S.Nagar (Mohali) Date : 2" April, 2021

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86 B

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Form as per Annexure II (8) Declaration by Bidder, as per Annexure III, the formats of these Annexure can be taken from the Complete E-Auction process document. These documents should reach the office of the liquidator or by E-mail, at the address given below before 7:00 PM of 19" April, 2021. Interested bidders will have to upload their KYC documents along with the EMD submission details on https://ncltauction.auctiontiger.net before 5:00 PM of 19" April, 2021.

• The Name of the Eligible Bidders will be identified by the Liquidator to participate in e-auction on the portal (https://ncltauction.auctiontiger.net). The E-auction service provider (Auction tiger) will provide User id and password by email to eligible bidders.
• In case, a bid is placed in the last 5 minutes of the closing time of the e-auction, the closing time will automatically get extended for 5 minutes with unlimited extension. The bidder who submits the highest bid amount (not below the reserve price) on closure of e-Auction process shall be declared as the Successful Bidder and a communication to that effect will be issued through electronic mode which shall be subject to approval by the Liquidator.
• The EMD of the Successful Bidder shall be retained towards part sale consideration and the EMD of unsuccessful bidders shall be refunded. The EMD shall not bear any interest. The Liquidator will issue a Letter of Intent (LOI) to the Successful Bidder and the Successful Bidder shall have to deposit the balance amount (Successful Bid Amount - EMD Amount) within 30 days on issuance of the LOI by the Liquidator. Default in deposit of the balance amount by the successful bidder within the time limit as mentioned in the LOI would entail forfeiture of the entire amount deposited (EMD + Any Other Amount) by the Successful Bidder
• The Successful Bidder shall bear the applicable stamp duties/transfer charge, fees etc. & all the local taxes, duties, rates, assessment charges, fees etc. in respect of the assets put on auction.
• 1. The Liquidator has the absolute right to accept or reject any or all offer(s) or adjourn/ postpone/ cancel the e-Auction or withdraw any asset thereof from the auction proceeding at any stage without assigning any reason thereof.
• 1. After payment of the entire sale consideration, the sale certificate/agreement will be issued in the name of the successful bidder only and will not be issued in any other name.
• 1. The sale shall be subject to provisions of Insolvency and Bankruptcy Code, 2016 and regulations made thereunder
• 1. If in case, not more than one bidder deposits the EMD, then in that case the Liquidator will have the absolute power to cancel the auction process after the consultation with the stakeholders.
• 1. The interested Bidder(s) shall be provided access to the data room ("Data Room") established and maintained by the Company acting through the Liquidator in order to conduct a due diligence of the business and operations of the Company. The interested bidder(s) shall be provided access to the information in the Data Room until the E-Auction Date. The access to, and usage of the information in the Data Room by the interested bidder(s) shall be in accordance with the rules as may be set forth by the Liquidator from time to time.
• 1. E- auction date & Time: 21" April, 2021 from 3.00 p.m. to 5.00 p.m. (with unlimited extension of 5minutes)

Rohit Sehgal Liquidator, Affinity Beauty Salon Private Limited in Liquidation IBBI Regn. No.: IBBI/IPA-001/IP-P00528/2017-2018/10953 Date: 05/04/2021 Address: A-604, Sujjan Vihar, Sector-43, Gurugram, Haryana-122002 Email: iamrs101@gmail.com Place: Gurugram

AJIT 05-04-2021