Announcement

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Excel Inds.

Excel Industries has received reaffirmation in credit ratings from CRISIL for long term bank facilities at CRISIL A+/ Stable. The short term bank facilities of the company were reaffirmed at CRISIL A1.

Max Financial

Max Financial Services has allotted 1,10,750 equity shares of Rs.2/- each of the Company for cash towards the exercise of vested stock options under the ESOP Scheme of the Company.

Consequent to the above allotment, the paid-up equity share capital of the Company stood increased to Rs. 53,90,18,974 comprising of 26,95 ,09,487 equity shares of Rs. 2/- each as of 10 December 2019.

Reliance Inds.

The Abu Dhabi National Oil Company (ADNOC) signed a framework agreement with Reliance Industries to explore development of an Ethylene Dichloride facility in Ruwais.

Under the terms of the agreement, ADNOC and RIL will evaluate the potential creation of a facility that manufactures EDC adjacent to ADNOC's integrated refining and petrochemical site in Ruwais, Abu Dhabi and strengthen the companies' existing relationship supporting future collaboration in petrochemicals.

ADNOC would supply ethylene to the potential joint venture and provide access to world-class infrastructure at Ruwais, while RIL will deliver operational expertise and entry to the large and growing Indian vinyls market, in which it is a key participant.

EDC is a basic building-block for manufacture of PVC, a polymer product in increasingly higher demand globally. PVC plays a critical role in the housing and agriculture sectors, and demand for PVC, particularly in the Indian vinyls market, is expected to grow significantly.

Tinplate Co.

Tinplate Company of India has appointed Dr. Rupali Basu (DIN: 01778854) as an Additional (Independent) Director of the Company for a period of 5 (five) years, effective 10 December 2019.

Wipro

Wipro has been recognised as a "Leader" by global research and advisory firm Forrester Research lnc. in its report, The Forrester Wave@trade;: AI Consultancies, Q3 2019.

The report highlights that, "Wipro comes to the table with strategic approaches and best practices to engage the right internal experts and stakeholders, according to clients." The report also states that Wipro's "emphasis on culture in the engagement is its strength and translates into helping clients develop their own AI culture and Centre of Excellence." Additionally, the report notes that "Client case studies demonstrate Wipro is not only about Al theory; its developers do a lot of basic blocking and tackling."

RSWM Ltd

The Board of RSWM at its meeting held on 11 December 2019 has approved the issue of fully paid up equity shares of the company for an aggregate amount not exceeding Rs 150 crore by way of rights issue.

Reliance Capital

The Board of Reliance Capital at its meeting held on 10 December 2019 has approved the following -

Elevation of Amit Bapna, the existing Chief Financial Officer (CFO) as President & Chief Operating Officer (COO);

Appointment of Sachin Bora as Chief Executive Officer (CEO) of the Company; and

Appointment of Vaibhav Kabra as Chief Financial Officer (CFO) of the Company.

Anmol Ambani, being related to Chairperson of the Company, ceased to be the Executive Director of the Company, with effect from 10 December 2019. Anmol Ambani continues to be on the Board of Reliance General Insurance Company, a wholly owned subsidiary of the Company.

Jumbo Finance

Jumbo Finance will hold a meeting of the Board of Directors of the Company on 14 December 2019.

Triton Valves

Triton Valves will hold a meeting of the Board of Directors of the Company on 11 December 2019.

Infosys

Infosys has been certified by the Top Employers Institute as a 2020 ‘Top Employer', in recognition of its excellence in employment practices across Australia, Singapore and Japan.

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