EIMCO ELECON

EimjSecjSEDate: 4th July, 2019

To,BSE Ltd.Phiroze Jeejeebhoy Towers25th Floor, Dalal StreetMumbai - 400001Company Code 523708

To,National Stock Exchange of India LimitedExchange Plaza, C-1, Block - G,Bandra - Kurla Complex, Bandra (E),Mumbai - 400 051Symbol EIMCOELECO- Series EQ

Subject: Publication of Notice for the 45th Annual General Meeting. RemoteE-voting and Book Closure in newspaper - reg.

Dear Sir(s),

Pursuant to Regulation 47 of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015, we enclosedherewith copies of Notice published in Business Standard (English language) andJai Hind (Gujarati language) on 4th July, 2019 regarding the 45th Annual GeneralMeeting, Remote E-voting and Book Closure of the Company.

Kindly take the same on record.

Thanking you,

Yours faithfully,For Ei~O Ele..fdn (India) Limiteo:J ,e,-on (I"r7' '<J@v ~.3 N~g~r ~~ :;-Riken umar Dalwadi .~ •. ~Company Secretary & Compliance Officer

Enclosure: As above

Regd. Office & Works:EIMCO ELECON (INDIA) LTD., Anand Sojitra Road, Vallabh Vidyanagar - 388 120. Gujarat, India.

Tel. : (02692) 230502, 230602, 230902, Telefax: (02692) 236506Website: www.eimcoelecon.inICIN : L29199GJ1974PLC002574

~A=~1509001:2006- .,

TUVRheinland

AHMEDABAD | THURSDAY, 4 JULY 2019 ECONOMY & PUBLIC AFFAIRS 5. <

Bond, currency markets differ on interest ratesANUP ROYMumbai, 3 July

There is a divergence between whatthe currency market thinks about inter-est rates and what the bond marketperceives where rates are headed.

While the bond market is rela-tively conservative about their inter-est rate expectations, the currencymarket seems to be projecting thatinterest rates should be much sharp-er. However, this could be an anom-aly caused by local factors, which

should correct in the comingmonths, experts say.

The currency market gauge ratesin the form of one-year forwards pre-mium. The forward premium is theinterest rate differential betweenIndia and the US, from where dollarflows in. Hedgers pay the premiumto book their future dollar receiv-ables.

For bond market, the same interestrate differential is gauged by the dif-ference between domestic overnightindexed swaps (OIS) and the US OIS.

The OIS is essentially daily averageinterbank call rates extrapolated to ayear. Normally, the one-year forwardsand the OIS difference should con-verge and the difference should not bemore than 10-15 basis points, or even20-25 basis points in time of extremeuncertainties. But now, the differenceis about 85 basis points.

According to Samir Lodha, manag-ing director of QuantArt, the differ-ence has occurred because of thelarge exposure norms of the ReserveBank of India (RBI).

Renewable power projects toget ‘national importance' tagSHREYA JAINew Delhi,3 July

Power transmission with renew-able energy projects could soonget ‘national importance’ tag.

This will reduce the levels of approvaland the cost of a project would beshared by all beneficiary states. Theprivate sector, however, is apprehen-sive that instead of competitive bid-ding, state-owned Power GridCorporation of India (PGCIL) will beallotted the projects.

The National Tariff Policy man-dates that all projects should beawarded through competitive biddingunless they are “specific category ofprojects of strategic importance”,which are allotted to state-ownedPGCIL, which owns 95 per cent of thetransmission market.

In a meeting held two weeks backon the issues relating to renewableenergy, it was decided that all trans-mission projects connecting renew-ables to the National Grid will be tak-en up as projects of national

importance. “All necessary regulatorysteps, including issuing of directionsor amendments of tariff policyrequired, shall be taken up accord-ingly and expeditiously,” said the deci-sion note, which has been reviewedby Business Standard.

The same meeting identified 66.5Gw of transmission projects that are tobe built in two phases. In the firstphase comprising 29 Gw, 12.4 Gwwould be awarded through competi-tive bidding, 3 Gw has been given to

Power Grid and the balance is yet toget any regulatory approval. Themeeting was chaired by R K Singh,minister of state for power and new &renewable energy.

Similarly, in a recent “brainstorm-ing session” held by the ministry of power with industry and states, renewable industry com-plained that transmission projects aredelayed and this was hampering theirconstruction and power supply plans.In a reply to these concerns, Singh is

learnt to have reiterated power trans-mission would be a sector of “nation-al interest”.

Private transmission industry is,however, blaming the government fornot awarding the projects.

“The 12.4 Gw, which is to be award-ed through bidding, are yet to get theapproval of Central ElectricityRegulatory Commission (CERC).Another 54.1 Gw is yet to be tabled tothe Empowered Committee onTransmission for approval. The gov-ernment is delaying the project award,but is putting the blame on the indus-try,” said an executive.

After a hiatus of over 400 days, thecommittee that approves transmis-sion projects was convened in Januarythis year. It approved 20 projects withan estimated cost of ~16,000 crore forbidding this year. Most of these wouldprovide connection to renewablezones, generating solar and windenergy.

In an estimate by PGCIL, powertransmission sector would see a mas-sive investment worth ~2.6 trillion by2022 with close to 106,000 ckms oftransmission lines and 292,000 MVAof transformational capacity (capaci-ty of substations).

Govt hints at increasingshare of Power Grid

1Y Fwd Prem %PA Diff of 1Y OIS 5.50

5.00

4.50

4.00

3.50

3.00Jul 9,’18 Jun 28,’19

4.74

3.86

4.71

4.31

FIGURES IN NUMBERS

STEP BY STEP 66.5 Gwof projects

identified

12.5 Gw to go underbidding in phase 1, 3 Gw to Power Grid

Balance capacity yet to getregulatory approval

Transmission for RE could betagged as “projects of nationalimportance”

Private sector apprehensiveof losing projects to Power Grid,delays in award of projects

Don't turn LS intoBengal Vidhan Sabha:Speaker on 'cutmoney' issue

Speaker Om Birla on Tuesdaytold the sparring BJP and TMCMPs to not turn Lok Sabha intoWest Bengal Assembly after themembers were engaged in averbal duel on the issue of "cutmoney". Just after the QuestionHour, Sudip Bandyopadhyay,leader of the TrinamoolCongress in the House,demanded that the name ofWest Bengal Chief MinisterMamata Banerjee beexpunged from theproceedings. He was referringto the allegations levelled byBJP MP Locket Chatterjee onMonday that local TMC leaderswere charging "cut money orcommission" from people inthe state. PTI

WITH YOU, RIGHT THROUGH BANK OF INDIA, VAPI MAIN BRANCHZANDA CHOWK, P.B. NO. 39, VAPI - 396191, GUJARAT.

TEL NO. : 0260-2463165, Fax : (0260) 2465593,EMAIL : Vapi.Vadodara@bankofindia.co.in

POSSESSION NOTICE

DESCRIPTION OF THE IMMOVABLE PROPERTY

Relationship beyond banking

Sd/- Authorised Officer

Bank of IndiaDate : 02.07.2019 Place : Vapi (Main)

(For immovable property)[See Rule 8(1)]

Whereas, The Authorised Officer of the Bank of India Vapi Main Branch, Vapi Dist Valsad under the

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and in exercise of powers conferred under section 13(12) read with Rule 3 of the Security Interest (Enforcement) Rules, 2002 issued demand notice dated 22.08.2016 calling upon the Borrower Shri Manish Dhirajlal Mehta and Guarantor Smt. Sushila Hasmukh Prajapati to repay the amount mentioned in the notices aggregating Rs. 4,27,504.21 (Rupees Four Lac Twenty Seven Thousand Five Hundred Four and Paisa Twenty One) (contractual dues up to date of notice) with further interest thereon as mentioned in the notice, within 60 days from the date of receipt of the said notice.

The borrower / guarantor having failed to repay the amount, notice is hereby given to the borrower / guarantor and the public in general that the undersigned has taken physical possession of the property described herein below in exercise of powers conferred on him under Sub Section (4) of Section 13 of Act read with rule 8 of the Security Interest Enforcement Rules 2002 and in compliance of Hon'ble D.M. Valsad Order dated 30.06.2018 under section 14 of the said Act on this 2nd day of July, of the year 2019.

The borrower / guarantor in particular and the public in general is hereby cautioned not to deal with the property and any dealings with the property will be subject to the charge of the Bank of India for an amount of Rs.4,27,504.21 (Rupees Four Lac Twenty Seven Thousand Five Hundred Four and Paisa Twenty One) (contractual dues up to date of notice) with further interest thereon as mentioned in the notice.

The Borrower's attention is invited to the provisions of sub- section (8) of section 13 of the SARFAESI Act, in respect of time available, to redeem the secured assets.

All that part and parcel of the property owned by Shri Manish Dhirajlal Mehta (Borrower and Mortgagor) being Shop No. 5, admeasuring about 215.00 Sq. Ft i.e. 19.97 Sq. Mtrs super built up area, lying and located on the Ground Floor of the building known as “SAI VATIKA” constructed on non agricultural land bearing Survey No. 171/P situated at Village Chharwada, Taluka Vapi, District Valsad in the state of Gujarat within the jurisdiction on the Sub Registrar Vapi Dist. Valsad together with the buildings, sheds standing thereon.Bounded as :- On or towards East by : Open Space, On or towards West by : Parking, On or towards North by : Shop No. 6, On or towards South by : Shop No. 4.

APPENDIX-IV

NOTE: (i) The total amount of offer should be above Rs. 5 Lakhs (Five Lakhs) onlump-sum basis otherwise the same would not be considered. (

iv) All taxes applicable at site will be payableby the buyer / successful bidder at the time of issuing of Delivery Order.

ii) A n y T e n d e rsubmitted without EMD shall be invalid and summarily rejected. (iii) The tenders shallbe opened in presence of Insured, Surveyor and Nominated Officer of InsuranceCompany within 7 days of closing of tender submission. Successful bidder will beinformed latest within 3 days of tender opening and the highest bidder shall betreated as the successful tenderer. (

Sealed tenders are invited for disposal of the fire damaged various types of electrical& electronic items like Routers, Disk Antena, Cables, Media Converters & AirConditioner etc. on ofand lying at 12/A & 12/B, Devraj Industrial Park, Piplaj –Pirana Road, Village: Piplaj, Ahmedabad, Gujarat. Inspection of materials may beconducted between 11:00 am to 4:00 pm on all the working days of the week. Forinspection of the goods, & / or

at the godown at the above address.

'As is where is basis' M/s. GTPL Broadband Pvt. Ltd.M/s. GTPL Hathway Ltd.,

Contact Mr. Kapil Kulshrestha (Mo. 9039099880)Mr. Mukesh Sonara (Mo. 9712956094)Tenders to be submitted on the letterheads of the Tenderers along with an EarnestMoney of 10% of the total offer amount by Demand Draft in favour of

payable at in sealed envelope within 10 daysof publication of this Tender Notice to

. Sealed envelope should be superscribed withthe

and it musthave the Name, Address and contact phone nos. of the Tenderers.

"GTPLHATHWAY LIMITED" Ahmedabad

M/s. GTPL Broadband Pvt. Ltd. F.P. No. 50,Opposite: Armieda, Sindhu Bhavan Road, Bodakdev, Ahmedabad – 380059&/or to the office of the surveyors M/s. Kothari Insurance Surveyors & LossAssessors Investigators Pvt. Ltd., OM Tower, Suite No. 505, 32, JawaharlalNehru Road, Kolkata – 700 071

"QUOTATION OF FIRE DAMAGE ELECTRICAL & ELECTRONIC ITEMS OFM/S. GTPL BROADBAND PVT. LTD. AND GTPL HATHWAY LTD."

The Seller / Insured / Insurance Company / Surveyors reserves the right to accept or rejectany offer without assigning any reason.

TENDER NOTICE

3THURSDAY • 4-7-2019JAI HIND-AHMEDABAD

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