Speciality Restaurants has entered into a franchise agreement with Resolute Restaurant Management LLC granting the right to the franchisee to open three restaurants under its brand name Mainland China Asia Kitchen in the United Arab Emirates within the time stipulated in the agreement. The first franchise restaurant will be opened at Burjuman Mall, New Wing, Dubai, UAE. The company will manage the day-to-day operations of the restaurant and charge franchise fees and management fees in accordance with the terms of the franchise agreement. The stock edged down 1.26 per cent at ₹117.80 on the NSE.

Thirumalai Chemicals on Wednesday informed the exchanges that it has received the Certificate of Confirmation of Amalgamation from the Accounting and Corporate Regulatory Authority, Singapore, for subsidiary merger. It had proposed that the company’s wholly-owned subsidiary Tarderiv International Pte Ltd be merged with another of its wholly-owned subsidiary Cheminvest Pte Ltd for administrative convenience with effect from July 1. The entire assets and liabilities will get transferred to the merged entity Cheminvest Pte Ltd as per the scheme and there will be no financial impact on the parent company due to the merger, it said in a notification to the exchanges. Thirumalai Chemicals’ shares jumped 2.23 per cent at ₹1,012.30 on the NSE.

Supreme Tex Mart has informed the exchanges that after receiving a requisition on May 4 from Sanjay Gupta, shareholder, for calling an extraordinary general meeting and later ordered the same by the National Company Law Tribunal on July 5, the company has appointed Rajeev Bhambri as scrutiniser to conduct the voting process. Now, Sanjay Gupta will call and hold the EGM on requisition; but the date is yet to be finalised by him. Shares of Supreme Tex Mart closed at ₹4.45, up 3.5 per cent, on the NSE.

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