Binani Industries
Corporate Announcements

21st January, 2016

The Board of Directors at its meeting held today adopted policy on determination of materiality of events/information and authorised Mrs. Visalakshi Sridhar, CFO, Manager & Company Secretary to determine materiality of an event or information and for making disclosure to Stock Exchange pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board also amended Policy for Fair Disclosure Practices and Procedure for Disclosure of Unpublished Price Sensitive Information as per Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015 to align with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board also approved the financial results for the third quarter and  the period ended 31st December, 2015.

21st January, 2016

The Hon’ble High Court of Judicature at Calcutta, today, approved the Scheme of Amalgamation of Binani Metals Limited with Binani Industries Limited and their respective shareholders.

The Scheme will come into effect upon the authenticated copy of the order is filed with the Registrar of Companies, West Bengal.

13th January, 2016

The Board of Directors on 24th October, 2015 had approved closure of Register of Members & Share Transfer Books of the Company from Friday, 11th December, 2015 to Saturday, 19th December, 2015 (both days inclusive) for the purpose of Payment of Dividend if declared at the ensuing 52nd Annual General Meeting of the Company to be held on 19th December, 2015 and for the said AGM.

However, the dividend was not declared by the shareholders at the 52nd AGM held on 19th December, 2015. Hence, the aforesaid Book Closure is to be treated only for said AGM purpose.

8th January, 2016

8th January, 2016

A meeting of Board of Directors will be convened on 21st January, 2016 to consider, inter alia, the financial results for the third quarter ended 31st December, 2015

22nd December, 2015

The shareholders at the 52nd Annual General Meeting held on 19th December, 2015,  approved all the Resolutions specified in the Notice dated 24th October, 2015, except Resolution No.2 for declaration of dividend. The promoters voted against the Resolution No.2 as the Company did not received necessary approvals from lenders. 

26th November, 2015

The public shareholders have approved the Scheme of Amalgamation at the Postal Ballot Process conducted vide Postal Ballot Notice dated 14th October, 2015 in terms of SEBI Circular on mergers. The Shareholders also approved the Scheme of Amalgamation at the Court Convened Meeting held on 23rd November, 2015 with requisite majority.  

24th October, 2015

The Board of Directors of the Company at its meeting held today, inter alia:

  1. Appointed Mrs. Visalakshi Sridhar, Manager & Chief Financial Officer as the Company Secretary of the Company with immediate effect. Further, Mrs. Visalakshi Sridhar has been designated as Compliance Officer in terms of Clause 47 (a) of the Listing Agreement.
  2. Noted resignation of Mr. N.C. Singhal, Independent Director.
  3. approved the unaudited financial results of the Company for second quarter and half year ended 30th September,2015.
  4. Approved book closure from December 11, 2015 to December 19, 2015 (both days inclusive) for the purpose of Payment of Dividend & 52nd Annual General Meeting (AGM) of the Company to be held on 19th December, 2015.

20th October, 2015

The Court Convened Meeting of Equity Shareholders will be held on 23rd November, 2015 for approval of the Scheme of Amalgamation of Binani Metals Ltd into the Company. The approval of public shareholders is also sought on the said Scheme of Amalgamation through Postal Ballot Process in terms of SEBI Circular on mergers. The Company has completed the dispatch of notice dated 14th October, 2015 on 19th October, 2015.

 

13th October, 2015

A meeting of Board of Directors will be convened on 24th October, 2015 to consider, inter alia, the unaudited financial results for the second quarter and half year ended 30th September, 2015.

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