Cerebra Integrated Technologies has informed that it has signed a settlement agreement with Cimelia Resource Recovery Pte Ltd. Singapore and others in an arbitration case pending for about five years now. Cerebra will now be able to take the next course of action i.e. capital reduction of Shares and thereby cancelling 9200000 shares issued to Cimelia Resource Recovery Pte Ltd. Singapore and others there by reducing the Issued Capital by Rs 920 Lakhs from Rs 12119.66 Lakhs to Rs 11199.66 Lakhs. To give a brief Cerebra entered into 3 MSAs (Master Services Agreements) with Cimelia Resource Recovery Pte Limited ,Singapore and two other companies for which the Company had allotted 92 Lakh Shares of Cerebra on 24.05.2011 for Consideration other than cash upon getting the FIPB approval for setting up E waste plant in India (Supply of Plant and Machinery, Implementation, installation; commissioning & proper working of plant and machineries and Technical knowhow, setting up of plant & machinery, identification of suppliers. These shares issued for consideration other than cash upon receipt of FIPB approval as advances for the setting up E waste plant in India after signing the Master services Agreements with Cimelia and others.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Redington | 243.85 |
| Amrapali Industries | 38.68 |
| Adani Enterprises | 2972.50 |
| Rashi Peripheral | 656.55 |
| PDS | 342.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: