Announcements

Promoted by J R Mehta and Prerna Textile Industries Pvt Ltd, Chandni Engineering (CEL) was incorporated in Jun-86 as Amita Texturisers Pvt Ltd. The name was changed to Chandni Textiles Engineering Industries Limited in Jan-90 and was converted into a public limited company in Mar-92. Chandni Textiles Engineering Industries Limited is now a leading textile machinery manufacturer of Two-For-One Twisting machines (TFO)  in technical collaboration with South Korean companies for blue-chip textile mills like Raymond's, Birla group, Bhilwara Group, Arvind Group, Oswal Group etc. Recently, Chandni Textiles Engineering Industries Limited has changed its name to Candour Techtex Limited.

The change of name is reflected in the stock market as well with the change in name and symbol for trading on the exchanges. As per a recent circular of BSE, the name and symbol of Chandni Textiles Engineering Industries Ltd.(Scrip Code: 522292) will be changed as follows w.e.f 13-Apr-22.

Please take note of the change. Happy Trading!

Circulars: BSE

Due to upcoming consecutive trading holidays on 14-Apr (Dr. Baba Saheb Ambedkar Jayanti / Mahavir Jayanti) & 15-Apr (Good Friday), please take note of the below settlement dates for your trades.

Payout requests not getting processed? Confused about why you are getting partial payouts? The reason behind this could be linked to Peak Margins! Keep reading to find out how….

About Peak Margins:

In Dec-20, SEBI introduced a new set of guidelines for Collection & Reporting of the margin obligation, whereby exchanges and clearing corporations have to take minimum of 4 random snapshots of trading positions. The highest margin of these 4 snapshots is considered as the Peak Margin of the day.

The roll-out of Peak Margin requirement was done in 4 stages with a gradual increase in the upfront margin required. From 01-Sep-21, 100% of total applicable margin is required as peak margin to place your orders.

WHAT THIS MEANS FOR YOU

• You will need to pay upfront margin before placing any trade across all segments, including Intraday.
• You will need to ensure that you maintain an account balance equal to or more than the peak margin requirement in order to execute your order.

HOW DOES THIS AFFECT YOUR PAYOUT

Consider this example to understand how your payout may get rejected or partially paid out in the case of Intraday -

Now assume that:

• Your Ledger Balance at the start of the day was = Rs 1,50,000
• As per the example above, your Peak Margin Requirement = Rs 31,250

In this scenario:

The maximum payout that you can request for = Rs 1,50,000 – Rs 31,250 = Rs 1,18,750

Hence, if you have requested a payout for more than Rs 1,18,750 you will receive a Partial Payout after taking into consideration your Peak Margin requirement. Rs 118750 will be credited on T Day and the balance Rs 31,250 will be credited on T+1 (F&O segment) & T+2 (Cash segment) subject to margin obligations.

WHEN WILL THE PAYOUT BE CREDITED TO YOUR ACCOUNT

Payout requests are processed and funds credited as per the below table

Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:

• Contact your sub-broker.
• In case you don't have a sub-broker, call us on 18001020.

Here's the list of the latest Buybacks, Takeovers and De-listing. The Offer Period and Price are mentioned along with them. To participate in any of these:

• Write to us at support@angelbroking.com or
• Call us on 18001020

As per a recent NSE Circular, Quantity Freeze Limit for NIFTY has been revised w.e.f 01-Apr-22.

Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:

01-Apr-22 is a Settlement Holiday due to Annual Bank Closing. Currency Segment will be closed on this day for trading. However, other segments are open for Trading.

What this means for you:

• You can place your Trades as usual, however the settlement of funds/securities will be processed as detailed in the table below:

• Your credit balance for 01-Apr will not include the following:

Just so you know: Settlement holidays refer to days when markets (except Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on next settlement cycle, as per the respective segments.

WABCO India Ltd (subsidiary of WABCO Holdings Inc. USA) is a leading supplier of technologies and services that improve the safety, efficiency, and connectivity of commercial vehicles in India. The company designs, manufactures and markets conventional braking products advanced braking systems, and other related air-assisted products and systems. Recently, WABCO India Limited has changed its name to ZF Commercial Vehicle Control Systems India Limited.

The change of name is reflected in the stock market as well with the change in name and symbol for trading  on the exchanges. As per a recent circular of BSE, the name and symbol of WABCO India Limited will be changed as follows w.e.f 01-Apr-22.

Please take note of the change. Happy Trading!

Circulars: BSE |NSE

Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:

• Contact your sub broker.
• In case you don't have a sub broker, call us on 18001020.

National Company Law Tribunal, Kolkata under Companies Act, 2013 has sanctioned the amalgamation of the following transferor companies with the transferee company Hindustan Udyog Limited (HUL):

1. Tea Time Ltd. 
2. Neptune Exports Ltd.
3. Northern Projects Ltd.
4. Orient International Limited (Not listed)

In consideration of the scheme of amalgamation, the shareholders of the transferor companies are to be credited fully paid equity shares of HUL in the following Share Exchange Ratio:

For the scheme of amalgamation, the record date is set as 30-Mar-22. In this regard, BSE advised not to deal in the equity shares of transferor companies from  30-Mar-22.

Circulars: BSE1|BSE2|BSE3