Binani Industries
Corporate Announcements

3rd July, 2015

The Board of Directors of the Company at its meeting held today, has considered and approved Scheme of Amalgamation of Binani Metals Limited with Binani Industries Limited and their respective shareholders under Sections 391 to 394 read and all other applicable provisions of the Companies Act, 1956.

The Board has appointed Mrs. Jayantika Dave as an Additional Director and Independent Director of the Company, with immediate effect.

23rd June, 2015

The shareholders have approved the Special Resolution proposed vide Postal Ballot Notice dated 11th May, 2015 with requisite majority.

30th May, 2015

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

  1. recommended a dividend @ 30% (Rs. 3/- per Equity Share) for the Financial Year ended March 31, 2015, subject to the necessary approvals.
  2. approved the Audited Annual Financial Results of the Company for the quarter and year ended 31st March, 2015

25th May, 2015

The Company has dispatched Postal Ballot Notice dated 11th May, 2015 for approval of shareholders for variation in terms of contract of Mr. Sushil Bhatter, Manager of the Company.

19th May, 2015

A meeting of the Board of Directors of the Company will be held on 30th May, 2015, inter alia, to consider the Audited Annual Financial Results of the Company for the year ended 31st March, 2015 and recommend dividend, if any.

11th May, 2015

The Board of Directors of the Company at its meeting held today, approved “Code of Conduct for Prevention of Insider Trading” and also “Policy for Fair Disclosure Practices and Procedure for Disclosure of Unpublished Price Sensitive Information” pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, which will  be effective from 15th May, 2015

31st March, 2015

Allotment Committee of Directors at its meeting held on 31st March, 2015, has allotted 1,20,00,000, 0.01% Non-cumulative Redeemable Preference Shares of Rs. 100/- each at par on Private Placement basis to the Promoter Company viz., M/s. Triton Trading Co. Pvt. Limited.

23rd March, 2015

CPI Binani, Inc, USA, a wholly owned subsidiary of the Company has sold its majority of the assets to Core Molding Technology, lnc. thereby exited from its composite business.

20th March, 2015

The shareholders have approved the Resolutions proposed vide Postal Ballot Notice dated 30th January, 2015 with requisite majority

21st February, 2015

The Company has dispatched Postal Ballot Notice dated 30th January, 2015 for approval of shareholders of Resolutions specified therein.

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