Westlife Development will hold a meeting of the Board of Directors of the Company on 21 January 2021.

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Westlife Development has resumed new store openings across its markets. The Company has opened four new stores post March 2020 as it steadily continues to move towards pre-COVID levels of business.

The Company has opened two new stores in the Mumbai suburban area and one in Cochin. Another new restaurant is on the Mumbai-Pune highway, that is set to commence operations on December 31. All these stores are the new contemporary 'Experience of The Future' restaurantsand house the Company's in-house coffee chain McCafé.

The fact that the Company has resumed new store opening is a reinforcement of its omni-channelstrategy and its confidence in the long-term opportunities in the West and South India market.Over the last two quarters, the Company has been seeing healthy recovery in business with dinein building up rapidly even as its convenience channels continue to grow steadily.

In another development, the royalty for FY21 as also FY 22 remains at 4%.

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TCNS Clothing Co. Ltd, NOCIL Ltd, Garden Reach Shipbuilders & Engineers Ltd, JM Financial Ltd are among the other stocks to see a surge in volumes on NSE today, 16 December 2020.

Westlife Development Ltd witnessed volume of 29.47 lakh shares by 14:14 IST on NSE, a 16.57 times surge over two-week average daily volume of 1.78 lakh shares. The stock increased 14.09% to Rs.477.00. Volumes stood at 1.83 lakh shares in the last session.

TCNS Clothing Co. Ltd saw volume of 3.18 lakh shares by 14:14 IST on NSE, a 8.63 fold spurt over two-week average daily volume of 36834 shares. The stock increased 10.24% to Rs.471.05. Volumes stood at 18812 shares in the last session.

NOCIL Ltd recorded volume of 62.28 lakh shares by 14:14 IST on NSE, a 7.58 times surge over two-week average daily volume of 8.22 lakh shares. The stock gained 6.79% to Rs.149.50. Volumes stood at 6.07 lakh shares in the last session.

Garden Reach Shipbuilders & Engineers Ltd saw volume of 16.55 lakh shares by 14:14 IST on NSE, a 5.71 fold spurt over two-week average daily volume of 2.90 lakh shares. The stock increased 6.03% to Rs.209.40. Volumes stood at 4.2 lakh shares in the last session.

JM Financial Ltd saw volume of 196.17 lakh shares by 14:14 IST on NSE, a 5.56 fold spurt over two-week average daily volume of 35.26 lakh shares. The stock increased 6.80% to Rs.92.65. Volumes stood at 85.78 lakh shares in the last session.

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Westlife Development has allotted 19500 equity shares under Westlife Development Limited Employee Stock Option Scheme 2013 pursuant to Exercise of options by certain employee of HardcastleRestaurants (the subsidiary company).

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