ABGSHIP

ABGSHIP: Members of the Exchange are hereby informed that trading in securities of ABG Shipyard Limited will be suspended with effect from May 16, 2019 (closing hour of trading on May 15, 2019) as per order no. IA 113 of 2019 in CP (I.B) No.53 of 2017 passed by Hon��ble National Company Law Tribunal, Ahmedabad Bench for appointment of official Liquidator and commencement of liquidation process against the company.

The Exchange has sought clarification from the Company with respect to news item captioned- ��NCLT orders liquidation of ABG Shipyard". In this regard, you are advised to provide clarification/confirmation on the news item in detail including the following: a) Whether such event stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order. b) The material impact of this article on the Company. c) Whether company was aware of any information that has not been announced to the Exchanges under Regulatio

ABGSHIP:The Exchange has sought clarification from ABG Shipyard Limited with respect to announcement dated 12-Jul-2018, regarding " ABG Shipyard Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015'.". On basis of above the Company is required to clarify following: 1. Any other material information not involving commercial secrets<br> 2. Salient features, not involving commercial secrets, of the resolution plan approved by the Tribunal, in such form as may be specified<br> 3. Approval of resoluti

The Exchange had sought clarification from the Company with respect to news item captioned "ABG Shipyard faces criminal proceedings". The response from the Company is as follow- ABG is currently under corporate insolvency process and I am the RP currently. The case relates to some old matter that we are not aware of. The case is on the promoters of ABG shipyard as per the article. The case was filed by standard chartered bank. We do not have any information about what has been filed as we are not a party to the same. We have not received any summons regarding the same till date. Currently the

The Exchange had sought clarification from the Company with respect to news item captioned "ABG Shipyard's vessel-owning unit docked as regulator revokes licence". The response from the Company as follow- """Embattled shipbuilding group ABG Shipyard has landed in fresh trouble after India's maritime regulator revoked a Document of Compliance (DoC) given to its ship-owning unit, PFS Shipping (India) Ltd, preventing it from operating ships. The Directorate General of Shipping (DGS) said that the firm's DoC, issued in March 2016, has been withdrawn due to "repeated violations" of the global code

The Exchange has sought clarification from the Company with respect to news item captioned ��ABG Shipyard faces criminal proceedings��. In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any information that has not been annou

The Exchange has sought clarification from the Company with respect to news item captioned ��ABG Shipyard's vessel-owning unit docked as regulator revokes licence��. In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company is aware of any infor

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG Shipyard agrees to insolvency proceedings". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has submitted their response.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG Shipyard agrees to insolvency proceedings". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from the Company with respect to news item captioned "Defence Ministry Terminates All Contracts Allotted To ABG Shipyard; Co Learnt To Be One Of 12 Cos Sent To Bankruptcy". In this regard, Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Comp

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "Reliance Defence expresses interest in buying 'Agreed Assets' of ABG Shipyard." . The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has submitted their response.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "Reliance Defence expresses interest in buying 'Agreed Assets' of ABG Shipyard." . In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

ABGSHIP: The Exchange had sought clarification from ABG Shipyard Limited with respect to announcement dated 27-Jan-2017, regarding the Board of Directors of the Company at their meeting held on January 27, 2017 have approved the appointment of Mrs. Rajani Podar as an Additional Director.On basis of above the Company is required to clarify following:1. Date of appointment/cessation (as applicable) & term of appointment;2. Brief profile (in case of appointment);3. Disclosure of relationships between directors (in case of appointment of a director).The response of the Company is enclosed.

ABGSHIP:The Exchange has sought clarification from ABG Shipyard Limited with respect to announcement dated 27-Jan-2017, regarding the Board of Directors of the Company at their meeting held on January 27, 2017 have approved the appointment of Mrs. Rajani Podar as an Additional Director.On basis of above the Company is required to clarify following:1. Date of appointment/cessation (as applicable) & term of appointment;2. Brief profile (in case of appointment);3. Disclosure of relationships between directors (in case of appointment of a director).The response of the Company is awaited.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG gets 3 suitors, lenders want it out of debt recast." The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has submitted their response.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG gets 3 suitors, lenders want it out of debt recast.". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG Shipyard may sell controlling stake to Russian firm." The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has submitted their response.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG Shipyard may sell controlling stake to Russian firm." In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "Promoters may have to give up control post failing to bring in investor. Lenders likely to invite public bids to acquire majority stake in CO". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has submitted their response.

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "Promoters may have to give up control post failing to bring in investor. Lenders likely to invite public bids to acquire majority stake in CO.ABG owes Rs.11,000cr to 22 Banks consortium led by ICICI Bank". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchange

News about ABG Shipyard Limited. The media had reports that "ABG Shipyard in talks for strategic investors.". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, " We would like to inform you that the company has been and is exploring induction of investors. Discussions have been ongoing with various investors. However, we have still not reached the stage of execution of agree

The Exchange has sought clarification from ABG Shipyard Limited, with respect to recent news item captioned ABG Shipyard in talks for strategic investors . In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

News about ABG Shipyard Limited. The media had reports that "Lenders may consider taking over ABG shipyard if Privinvest deal falls". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, "As informed earlier vide letter dated 11th June, 2015 that the Privinvest has expressed firm interest for strategic investment in the company and talks in this regards are still going on

The Exchange has sought clarification from ABG Shipyard Limited, with respect to recent news item captioned "Lenders may consider taking over ABG shipyard if privinvest deal falls" . In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place and b) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

News Verification : The media had reports that "Privinvest looking to buy 49% stake in ABG Shpiyard for Rs 1000 crore.". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, "We have received firm Expression of interest from Privinvest which owns the following shipyards: 1) NOBISKRUG GMBH, Germany 2) HELLENIC SHIPYARDS S.A. Greece 3) CMN, France 4) ADM KIEL SHIPYARDS, Germany 5

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "Privinvest looking to buy 49% stake in ABG Shpiyard for Rs 1000 crore." In this regard, the Exchange has advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such negotiations were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order from the start of negotiations till date. b) Whether you/company are aware of any information that has not been annou

News Verification : The media had reports "ABG Shipyard to bring equal partner by mid-August". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, "a) The Company is exploring the possibility of the investors so as to improve the Company's financial and operational strength. b) The Company does not have any information which is required to be disclosed to the stock exchanges

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "ABG Shipyard to bring equal partner by mid-August". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any informati

News Verification : The media had reports "L&T in race to buy ABG Shipyard stake". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, "a) No such negotiations were taking place. b) Company is not aware of any information that has to be announced to the Exchanges which could explain the aforesaid movement in the trading and that which is required to be disclosed to the stock

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "L&T in race to buy ABG Shipyard stake". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has

News Verification : The media had reports "Mahindra eyes stake in ABG Shipyard". The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated, "No such negotiations were taking place. Company is not aware of any information that has to be announced to the Exchanges which could explain the aforesaid movement in the trading."

The Exchange has sought clarification from ABG Shipyard Limited with respect to recent news item captioned "Mahindra eyes stake in ABG Shipyard". In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail including the following: a) Whether such event/negotiations/article stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order and the material impact of this article on the Company. b) Whether company are aware of any information that has no

Spurt in Volume : Substantial increase in trading volumes have been observed in ABG Shipyard Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated," At present, it does not have any price sensitive information required to be disclosed to the stock exchanges as per clause 36 of the listing agreement."

Spurt in Volume : Substantial increase in trading volumes have been observed in ABG Shipyard Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. ABG Shipyard Limited has vide its letter inter-alia stated,"The Company is in process of finalization of its Corporate Debt Restructuring (CDR) package. In addition to this, there is no significant development in operation/performance of the Company."

The Exchange had sought clarification from ABG Shipyard Limited with respect to a news item captioned "ABG Shipyards CDR gets Flash approval". The Company has clarified that "ABG Shipyard Limited's CDR Flash report has been admitted by Majority of Lender with CDR cell".

Abg Shipyard Limited has informed the Exchange with reference to the news item appearing in a news paper dated July 15, 2010, the Company has clarified as under: "Maridive Oil & Services SAE is one of our Premier Customers for whom we have been constructing vessels since 2002-03 and we are currently building two vessels for them. The client has further exercised options for building two more vessels which were not taken in manufacturing program by ABG. However, Maridive approached us with a request for reduction in prices for options as they may have got discount from China for which we have

News Verification : The media had reports that ABG Shipyard Limited has bagged order worth $440 mn for two jackup rigs from Essar Shipping Ports and Logistics. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. ABG Shipyard Limited has vide its letter inter-alia stated, "We are in the shipbuilding industry and we deal with many potential parties. We announce only those orders which are converted into effective busines

News Verification : The media had reports that ABG Shipyard Limited may bag a Rs 900-1000 Cr order from a European company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. ABG Shipyard Limited has vide its letter inter-alia stated, "In this regard, we wish to inform you that as we are in the ship-building industry, we deal with many potential enquires and we announce only those which are converted into effective bu