Scrutiniser Report STL

 

1. The registered office of the Company has been changed from Office No. 243 C-10, Regus Elegance, 2F, Elegance, Jasola District Centre, Old Mathura Road, New Delhi-110025 to Unit No. 515, DLF Tower A, Jasola District Centre, New Delhi-110025 with effect from 1st November, 2019.

 

2. Shri Atul Aggarwal has been resigned from the post of Chief Financial Officer of the Company w.e.f. 12th June, 2021.

 

3. The Company has entered into a Joint Venture (JV) Agreement with Jiangsu Gtake Electric Company Limited, a China based Company. The two companies have agreed to join hands to provide the Indian Electric Vehicle OEM’s with best in class MCUs.

 

4. Shri Pankaj Gupta has been appointed as Chief Financial Officer of the Company w.e.f. 12th June, 2021

 

5. ICRA Limited (“ICRA�) the credit rating agency has upgraded the long-term credit rating of the Company from (ICRA) AA- Outlook-Stable to (ICRA) AA- Outlook Negative.

 

6. The Company doesn’t have any Material Subsidiary.

 

7. In terms of Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations�), during the Financial Year 2020-21, the Company has provided one Familiarization Programme on 12th February, 2021 to the Independent Directors in order to provide them with the insights on the Company to enable them to understand the Company’s business in depth, corporate governance norms and procedures as envisaged in Companies Act, 2013 read with the Rules framed thereunder and the Listing Regulations, overview of Indian Automotive Sector and evolving business models.