, pursuant to regulation 47 of the sebi (lodr...

~ " .... ~ /, SPAN DANA

Ref: SSFl/Stock Exchange/2019-20/35 Date: January 23, 2020

To To BSE Limited, Department of Corporate Services P. J. Towers, 25 th Floor,

National Stock Exchange of India Limited, Listing Department Exchange Plaza, C-1, Block G

Dalal Street, Mumbai - 400001

Scrip Code: 542759

Dear Sir,

Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Symbol: SPANDANA

Sub: Newspaper Advertisement of Notice of Board Meeting pursuant to Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (SEBI LODR).

Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the copy of newspaper advertisement published in "Business Standard" (in English language) and "Mana Telangana" (in Telugu language) on January 23, 2020 with regard to intimation of a Meeting of the Board of Directors of the Company scheduled to be held on Tuesday, January 28, 2020.

We request you to kindly take on record the aforesaid information.

Thanking you

p~~~"J:a =$.o~'ty l:: Limited ~Jhinjh~1 Company Secretary Membership No.: F8325

Encl: As above

Spandana Sphoorty Financial Limited CIN - L65929TG2003PLC040648

Plot No.31 & 32, Ramky Selenium Towers, Tower A, Ground Floor, Financial Dis!, Nanakramguda, Hyderabad - 500 032.

Ph . +91 4048126666, Fax: 040-44386640 [email protected], www.spandanaindia.com

HYDERABAD | THURSDAY, 23 JANUARY 2020 BRAND WORLD 13. <

ARUNDHUTI DASGUPTA& VIVEAT SUSAN PINTOMumbai, 22 January

T he Brand FinanceGlobal 500 released atthe World Economic

Forum in Davos onWednesday appears tofollow a rather pre-dictable path when itcomes to brands andrankings. Not surpris-ingly, the Tata groupleads the band of Indianbrands on the chart, fol-lowed by public sector insur-er LIC (Rank 2) and Reliance(Rank 3). While the number ofIndian brands in the global 500is up to 11 from 9 last year, thelist largely mirrors its past.

Globally too the numberstell a familiar story, Amazonheld on to the top spot thethird consecutive year in a rowand finally beat the $200 billion mark. Google, Apple,Microsoft all made it to the top10 brands this year, as they haddone last year.

However, beyond the rank-ing tables and the billion dollarvaluations, a tangle of faultlines reveals itself, as do a fewsurprises. The combined valueof the Brand Finance Global500 has increased by less than2 per cent year on year, andwhile 244 brands haveincreased their brand value,another 212 are down, includ-ing 95 by 10 per cent or more.Telecom brands have seentheir valuations drop dramat-ically, a far cry from the yearswhen the sector was drivingup the charts, a trend visible inIndia too with Airtel droppingmore than 40 places on thelist. Uber that had once takenthe list by storm saw brand val-ues slashed, while eBay almostdropped off the map.

In a surprise comeback,

Walmart is back in the top 10.Similarly, traditional hoteliersare back in business. HiltonHotels & Resorts is one of thefastest-growing brands overalland Marriott has also seensubstantial growth over thepast year. Their pace of brandvalue growth is comparableto Airbnb’s, while another dig-ital player, Booking.com haslost ground.

The global brand story how-ever belongs to Amazon.Following 18 per cent growthfrom $187.9 billion last year,Amazon’s brand value is now$220.8 billion, over $60 billionmore than Google’s and $80billion more than Apple’s.David Haigh, CEO of BrandFinance, says, “Amazon con-tinues to impress across imper-ishable consumer truths: val-ue, convenience, and choice.Today, Amazon’s situationseems more than comfortable,but what will the roaring twen-ties hold in store?”

Brand experts say thatAmazon and India will beinextricably linked in thefuture as the American giantcommits a billion dollars ininvestment in Asia’s third-

largest economy. On a visit toIndia last week, Amazon’sfounder Jeff Bezos said thatthe e-tailer would create onemillion jobs in India by 2025. Itwould also double down on itsinvestments in platforms suchas Amazon Prime Video andwould help digitise small andmedium businesses.

At a broader level, thebrand story in India has fol-lowed a predictable path,although it is not isolated fromglobal trends. And in thecourse of the year, the globalchallenges faced by Uber and

Booking.com among otherswill play out in the domesticmarket too. However, amongthe handful of brands thatmade it to the list, the peckingorder remained unchanged.The Tata group improved itsranking by four places, goingup to 85 in 2020 from 89, in2019. The bulk of its brand val-ue is from TCS (up 5 per cent to$13.5 billion). Among otherIndian brands on the list areInfosys, SBI, HDFC Bank,Mahindra Group, Indian Oil(debutante), HCL, Airtel andWipro (debutante).

OFF THE CHARTS 11 Indian brands in

Global 500, Tata Groupleads with brand

value $20 billion

Amazon retainstitle of world’smost valuablebrand for thirdconsecutive year

The retail storysends out mixed

signals as eBaystruggles andWalmart re-enterstop 10

Squeezed by OTTcompetition and

challengerbrands, 4 out of 5

telecoms lose brandvalue. In India, Airteldropped 46 places torank at 471

Following the largestIPO in history, SaudiAramco is most valuablenew entrant at Rank 24

Uber’s brand valueslashed by one-third,but Tesla races ahead as world’s fastest-growing brand

Brand Rank 2020 2019

TATA Group 85 89LIC 238 276Reliance 244 324Infosys 281 314State Bank of India 322 343HDFC Bank 348 420Mahindra Group 361 396Indian Oil (new) 415HCL 423 437Airtel 471 425Wipro (new) 491

THE INDIA 11

11 Indian brands make it to the 2020 Brand Finance list,up from 9 last year; all except Airtel rise up the ranks

Tata leads the Indian leagueof brands in Global 500

IMAGE:iSTOCK

15th FC likely...A reduction in devolution will certainly begood news for the central government. Adeep and sustained economic slowdownhas led to a resource crunch, with someanalysts expecting gross revenue shortfallfor this year to go as high as ~3.5 trillion.

The 15th FC will submit another reportin October 2020, covering the award periodfrom 2021-22 to 2025-26. The Commission’sterm was extended to October to give itmore time to navigate challenges — likethe economic slowdown, unrealistic fiscaland revenue targets by the Centre andStates, and the status of Jammu andKashmir compared to other UnionTerritories like Delhi and Puducherry —before the submitting its final report.

Singh, the Commission chairman, hasmade it clear that at least in the first report,J&K has been treated like any other UT andits funds will come from the Centre’s shareof the divisible pool. This is different fromwhat the J&K Reorganization Act hadsought. The central government, throughthe Act, had wanted the UT of J&K to be giv-en a special provision and given funds outof the divisible pool like any other State,while Ladakh was to be treated like any oth-er UT and given funds out of the Centre’sshare of the divisible pool.

Additionally, it remains to be seen if the15th FC has sequestered the capital expen-diture components of the Centre’s alloca-tion for defence and internal security, fromits overall tax revenues. This could also leadto lower proceeds to States.

Sebi lens...In recent months, most rating agencieshave downgraded Vodafone Idea’s deben-tures given its weakening credit profile.The papers are still rated as “investmentgrade” but have been put on “ratingwatch”, implying high risk of default.

While the company remains on pre-carious grounds, given the impending~53,000-crore payment of AGR dues andnetwork investments, some equity ana-lysts still remain hopeful. “[Vodafone Idea]is the biggest beneficiary of tariff hikes inIndia. If the AGR payment is reduced sig-nificantly, market share stabilises after thecompletion of integration in large circlesand tariff hikes continue, it could offer asignificant upside,” BNP analyst KunalVora wrote in note on Tuesday. On Friday,shares of VIL had tanked 25 per cent afterthe SC verdict. This week they haverebounded sharply almost recouping mostof Friday’s loss.

Ahead of Budget...More importantly, what the future holdsfor the bond market would largely dependon how long the RBI can continue to pro-vide such special OMO support. “Themarket is awaiting further clarity on theBudget numbers, and may also wait it outto see how much support the RBI can pro-vide,” said Jayesh Mehta, head of treasury,Bank of America. The RBI has reducedits policy rate by 135 basis points beforepausing in the December policy. The

scope for such cuts is limited,even as one more cut can beexpected in the April policy. Inbetween, the fiscal deficit of thegovernment is expected to be atleast 3.8 per cent of gross domes-tic product, from the 3.3 per centprojected earlier, say bondtraders.

“Investors are sanguine aboutthe fiscal glide path and the impactit has on the government borrow-ing programme. Moreover, withsurge in inflation, the bar for addi-tional monetary easing from theRBI is high. Hence, FPIs seem to besomewhat defensive on debtflows,” said B Prasanna, head ofglobal markets and proprietarytrading group, ICICI Bank.

However, the RBI’s need forrate cuts could also be curtailed ifthe Indian economy recovers fromits decade lows.

“Global growth is doing satis-factory. With India’s growth storybeing service-led, it will also sta-bilise in the coming months.Whether there will be need formore rate cuts in such an environ-ment needs to be seen,” saidMehta.

The liquidation from the bondmarket doesn’t mean foreigninvestors are losing interest inIndia. They continue to remain

positive on the equities segment.If in rupee terms, the outflow from debt

has been ~11,136 crore, the inflow into equi-ties has been close to ~12,000 crore, notedPrasanna.

Javadekarhints...Official advance estimates had peggedIndia’s gross domestic product (GDP)growth at 5 per cent for the current financialyear (financial year 2019-20, or FY20), com-pared to 6.8 per cent in the previous year.However, IMF projected the growth to godown even further to 4.8 per cent for FY20.This triggered a war of words between theruling Bharatiya Janata Party (BJP) and theCongress. BJP spokesman on economicaffairs Gopal Krishna Agarwal expresseddoubts about the IMF’s projections.

“We have doubts on IMF projections,whether they have taken into considera-tions the impact of Narendra Modi govern-ment initiatives like NIP (national infra-structure pipeline), credit line for MSME(micro, small and medium enterprises) andNBFC (non-banking financial company)and mega exercise on Budget, IBC and GST(goods and services tax) reforms. GDPgrowth rate has bottomed out and we willsee significant growth ahead,” Agarwaltweeted. IMF projected India’s economicgrowth to recover to 5.8 per cent in FY21and 6.5 per cent in FY22. It said slowdownin India’s economic growth rate would pulldown global economic expansion overthese two years. Agarwal said India is affect-ed by global slowdown and not the causesthat the IMF listed.

MarketsThe equity markets will remain open forregular trading on February 1 (Saturday),the day of the Union Budget, both the NSEand BSE said in a notification on Wed-nesday. The markets tend to be volatile onthe Budget day as investors react to the me-asures announced by the finance ministerthat impact economy and corporate earn-ings. The last time the Budget was present-ed on a Saturday was in 2015. Back then, too,the stock markets were kept open for regu-lar trading hours, which is 9 am to 3:30 pm.

Climate change...In her statement, Nilekani said: “Climatechange seems to be already upon us. InIndia, we need to seriously prepare our-selves for all the innovation and the multi-dimensional action that will be required tocontinue on our development trajectory inthis new environment. We must ensure theeconomy grows in a way that creates thejobs of the future and protects our naturalecosystems. Climate action is not aneither/or.”

According to ICC, India ranked highestin climate-triggered deaths in 2018 and isthe fifth-most vulnerable of 181 countriesto the impacts of climate change.

More on business-standard.com

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> BS SUDOKU # 2952

By Order of the BoardFor BHAGYANAGAR INDIA LIMITED

Sd/-DEVENDRA SURANA

Managing Director

NOTICE

Date : 22.01.2020Place : Secunderabad

Notice is hereby given pursuant to Regulation 29 read with Regulation47 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 that a meeting of Board of Directors of the Companyis scheduled to be held on Saturday the 08th February, 2020 at theRegistered Office at 5th Floor, Surya Towers, Sardar Patel Road,Secunderabad-500003, inter-alia, to consider the un-audited financialresults of the company for the third quarter ended 31st December, 2019.

BHAGYANAGAR INDIA LIMITED(CIN: L27201TG1985PLC012449)

Regd Office: 5th Floor, Surya Towers, S.P Road,Secunderabad - 500 003

By Order of the BoardFor SURANA SOLAR LIMITED

Sd/-SWAPNA GADE

Company SecretaryDate : 22.01.2020Place : Secunderabad

SURANA SOLAR LIMITED

Regd Office: 5th Floor, Surya Towers, S.P Road, Secunderabad-03

(FORMERLY KNOW AS SURANA VENTURES LIMITED)(CIN: L45200TG2006PLC051566)


NOTICE

By Order of the BoardFor SURANA TELECOM AND POWER LIMITED

Sd/-SRINIVAS DUDAM



SURANA TELECOM AND POWER LIMITED(CIN: L23209TG1989PLC010336)


NOTICE

By Order of the BoardFor BHAGYANAGAR PROPERTIES LIMITED

Sd/-THAKUR VIKRAM SINGH



BHAGYANAGAR PROPERTIES LIMITED(CIN: L70102TG2006PLC050010)


NOTICE

GOLDCREST CORPORATION LIMITEDCIN: L7499MH1983PLC029408

Devidas Mansion, 3rd Floor, Mereweather Road, Colaba,Mumbai – 400 039 Phone: 022 – 22837489 / 90

Website: www.goldcrestgroup.com Email: [email protected]

Notice is hereby given that pursuant to Regulation 47(1) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015,the meeting of Board of Directors of the Company is scheduled to beheld on Saturday, February 1, 2020 at the Registered Office of theCompany, inter alia, to consider and approve the Standalone andConsolidated Un-Audited Financial Results for the quarter endedDecember 31, 2019 along with Limited Review Report. Pursuant toRegulation 47(2), the said notice may be accessed on the Company'swebsite at www.goldcrestgroup.com and may also be accessed at thewebsite of the Stock Exchange at www.bseindia.com

For GOLDCREST CORPORATION LIMITEDSd/-

Date: January 22, 2020 Marisa FerreiraPlace: Mumbai Company Secretary & Compliance Officer

Notice pursuant to Regulation 29 read with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is hereby given that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, January 28, 2020, inter-alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2019.

January 22, 2020

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, pursuant to regulation 47 of the sebi (lodr...

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