Corporate Announcement Archive
-
18 Nov | 2016
Please click the link below to read Notice of Transfer of Equity Shares of the Company to Investor Education and Protection Fund Suspense Account.
-
17 Oct | 2016
NOTICE
Notice is hereby given pursuant to Regulation 29 read with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that Meeting of the Board of Directors of the Company has been rescheduled to be held on Thursday, the 3rd November, 2016 in place of Tuesday, the 1st November, 2016 to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2016.
-
13 Oct | 2016
NOTICE
Notice is hereby given pursuant to Regulation 29 read with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a Meeting of the Board of Directors of the Company will be held on Tuesday, the 1st November, 2016 to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2016.
-
16 Jul | 2016
Please click the link below to know voting results of Annual General Meeting held on 15th July 2016.
-
13 May | 2016
Security Code : ISIN INE485A01015
Type of Security : Equity Shares
BOOK CLOSURE RECORD DATE PURPOSE FROM : Friday, 05.07.2016
TO : Friday, 07.07.2016- Dividend For the Year Ended 31.03.2016 The Board of Directors has recommended dividend at the rate of 75% (i.e. Rs.7.50 per Equity Share of Rs.10/- each) for the year ended 31st March, 2016 which includes Special Dividend at the rate of 15% (i.e. Rs.1.50 per Equity Share) to commemorate Golden Jubliee Year.
The Annual General Meeting of the Company will be held at Pune (Maharashtra) on Friday, the 15th July, 2016 at 12.30 P.M.
Dividend, if declared by the shareholders, will be paid on or after 18th July, 2016
-
12 Apr | 2016
This is to inform that Meeting of the Board of Directors of the Company will be held on Wednesday, the 4th May, 2016 to transact the following business :
(i) to consider and approve the audited annual financial statement for the year ended 31st March, 2016 and for the quarter ended on that date, and
(ii) recommendation of Dividend on Equity Shares for the financial year ended 31st March, 2016. -
02 Feb | 2016
Board of Directors of the Company in its meeting held on 02.02.2016 has appointed Smt. Rajashree Birla as Vice Chairperson of the Company with immediate effect.
Board of Directors of the Company in its meeting held on 02.02.2016 has decided to shift the registered office of the Company w.e.f. 01.03.2016 from Century Arcade, 2nd Floor, Narangi Baug Road, Pune-411 001 to Plot No.72 & 72A, MIDC, Bhosari, Pune - 411 026.
Board of Directors of the Company in its meeting held on 02.02.2016 has re-appointed Mr. G.M. Singhvi as Whole-time Director of the Company for a period of one year with effect from 16th May, 2016.
-
07 Jan | 2016
Meeting of the Board of Directors of the Company will be held at Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai- 400 030 on Tuesday, the 2nd February, 2016 at 12.00 Noon.
The Board in addition to other business, will also approve the Unaudited Financial Results for the quarter ended 31st December, 2015.
-
29 Oct | 2015
Meeting of the Board of Directors of the Company will be held at Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai- 400 030 on Friday, the 30th October, 2015 at 3.00 P.M.
-
15 Jul | 2015
Please click the link below to know voting results of Annual General Meeting held on 14th July 2015.
-
22 Jun | 2015
Sub : "Cut Off Date" for determining names and shareholdings for e-voting to approve resolutions in the 49th Annual General Meeting
This is to inform that Tuesday, 7th July, 2015 is fixed as "cut off date" to determine the names of the shareholders and their entitlement to cast the vote through e-voting, on Resolutions to be approved at 49th Annual General Meeting on 14th July, 2015.
The period of remote e-voting will commence from Friday, 10th July, 2015 at 9.00 A.M. and ends on Monday, 13th July, 2015 at 5.00 P.M.
The Company would be availing e-voting services of Central Depository Services (India) Limited (CDSL) to facilitate e-voting.
-
22 May | 2015
Security Code : ISIN INE485A01015
Type of Security : Equity Shares
BOOK CLOSURE RECORD DATE PURPOSE FROM : Friday, 03.07.2015
TO : Friday, 10.07.2015- Dividend For the Year Ended 31.03.2015 The Board of Directors has recommended dividend at the rate of 60% (i.e. Rs.6/- per Equity Share of Rs.10/- each) for the year ended 31st March, 2015.
The Annual General Meeting of the Company will be held at Pune (Maharashtra) on Tuesday, the 14th July, 2015 at 12.30 P.M.
Dividend, if declared by the shareholders, will be paid on or after 17th July, 2015.
-
05 May | 2015
We are pleased to inform that Smt. Rajashree Birla has been appointed as a Director on the Board of the Company to fill up the casual vacancy caused by the demise of Smt. Saraladevi Birla.
-
05 May | 2015
The Board of Directors has recommended a dividend at the rate of 60% (i.e. Rs.6/- per Equity Share of Rs.10/- each) for the year ended 31st March, 2015 (Previous year at the rate of 60% i.e. Rs.6/- per Equity Share of Rs.10/- each).
-
21 Apr | 2015
Meeting of the Board of Directors of the Company will be held at Century Bhavan, Dr.Annie Besant Road, Worli, Mumbai-400030 on Tuesday, the 5th May, 2015 at 3.00 P.M.
-
20 Jan | 2015
This is to inform that a Meeting of the Board of Directors of the Company will be held on Wednesday, the 4th February, 2015 to approve the Unaudited Financial Results for the quarter ended 31st December, 2014.
-
27 Nov | 2014
Shri Krishna S. Thar has been appointed today (i.e. 27th November, 2014) as an Independent Director on the Board of the Company to fill up the casual vacancy caused by the resignation of Shri R. A. Shah.
-
31 Oct | 2014
In connnection of announcement dated 05.05.2014 about suspension of continuous Process (Polyester) Plant operation at Bharuch, a note appears in unaudited financial results for the quarter ended 30th September, 2014 as reproduced herebelow to clarify the status :
"The Continuous Process Polymer lines at Bharuch producing Polyester Yarn were suspended in November 2013. Part of these lines were successfully converted into non-continuous and put into operation to manufacture Nylon Textile Yarn. Some more lines are under active consideration for conversion. In view of the modification referred above, the operation of the remaining Polyester lines would continue to remain unviable. The Company has therefore decided to continue suspension of remaining continuous process polymer lines to protect overall profitability of the Company for the time being."
-
20 Oct | 2014
This is to inform that Mr.Rajendra Ambalal Shah, has resigned from the directorship of the Company with effect from 30th October, 2014 and the Board of Directors has accepted the same in its Meeting held on 31st October, 2014.
-
01 Oct | 2014
An appeal against the order dated 8th January, 2014 received from Commissioner of Central Excise, Raigad for Central Excise duty demand of Rs. 229.27 Crores and an equal amount of penalty and interest at appropriate rate on demand amount of Central Excise has been filed before the Hon'ble Customs, Excise & Service Tax Appellate Tribunal (CESTAT), West Zonal Bench (Mumbai). The Hon'ble CESTAT has passed an order on 12th September, 2014 (received by our Advocates on 30th September, 2014) to grant stay against the demand and admit the appeal on a pre deposit of Rs. 7 Crores before 18th November, 2014.
-
13 Sept | 2014
Please click the link below to know voting results of Annual General Meeting held on 13th September 2014.
-
15 Jul | 2014
A Meeting of the Board of Directors of the Company will be held on Thursday, the 24th July, 2014 to approve the Unaudited Financial Results (Provisional) for the quarter ended 30th June, 2014.
-
23 May | 2014
Book Closure of the Company will be from Tuesday, the 2nd September, 2014 to Tuesday, the 9th September, 2014.
The Board of Directors has recommended dividend at the rate of 60% (i.e. Rs.6/- per Equity Share of Rs.10/- each) for the year ended 31st March, 2014.
The Annual General Meeting of the Company will be held at Pune (Maharashtra) on Saturday, the 13th September, 2014 at 12.30 P.M.
Dividend, if declared by the shareholders, will be paid on or after 17th September, 2014.
-
05 May | 2014
Mrs.Saraladevi Birla has been appointed as Additional Director on the Board of the Company on 5th May, 2014.
-
05 May | 2014
Reference letter dated 29th January, 2014 to Stock Exchanges wherein the Company has informed about continuation of shutdown of Continuous Process Plant (Polyester) at Bharuch for preventive maintenance. The Company is carrying out some more modifications in the said plant, the continuous polyester operations will remain suspended for another 4 - 6 months. However, it may be noted that a part of the said plant which has been made non-continuous is coming under operation in a phased manner. The remaining part of the said plant which is under shutdown is not likely to have any adverse impact on the profitability of the Company.
-
22 Apr | 2014
A Meeting of the Board of Directors of the Company will be held on Monday, the 5th May, 2014 to approve the Audited Annual Accounts for the year ended 31st March, 2014, for the quarter ended on that date and recommendation of Dividend on Equity Shares for the financial year ended 31st March, 2014.
-
29 Jan | 2014
Reference letters dated 14th November, 2013 and 16th December, 2013 to Stock Exchanges wherein it was informed that Continuous Polymerisation Unit - Polyester (CPU- Polyester) at Bharuch Site was stopped on 12th November, 2013 for preventive maintenance after a gap of four years. Consequently, Continuous Polyester Spinning Lines were also stopped. During the course of preventive maintenance, the Company has also taken up modification of Polyester Spinning Lines to improve flexibility in manufacturing process. The Company has decided to carry out some more modification work on Polyester Spinning Lines. As a result, shut down of CPU and Continuous Polyester Spinning Lines will remain for some more time of about 3-4 months. The stoppage of CPU and Continuous Polyester Spinning Lines does not have any adverse impact on overall profitability of the Company due to severely squeezed margins in polyester yarns.
-
23 Jan | 2014
The Company has received an order from Commissioner of Central Excise, Raigad for Central Excise duty demand of Rs.229.27 Crores and an equal amount of penalty and interest at appropriate rate on demand amount of Central Excise. The demand was raised pursuant to the show cause notices issued by the Central Excise Department during the years 2001 to 2004. The alleged demand relates to bifurcation in the year 2000 of two units of the company at Mahad Site. The Department of Central Excise, prior to issue of show cause notices approved bifurcation of two units and issued separate licences for each unit. The Department later on cancelled the licences which was challenged by the company. The issue of two licences was decided by Commissioner of Central Excise (Appeal) as well as Central Excise and Service Tax Appellate Tribunal (CESTAT) in favour of the company. The Department of Central Excise went into appeal against the order of CESTAT before Hon'ble Bombay High Court which was dismissed for delay in filing the appeal. As the issue of bifurcation of two units has been settled in favour of the company, the question of demand of excise duty on the company does not arise. However, Excise Department has ignored the existence of two units which entitled the company to a specific rate of excise duty on sales and raised the alleged demand of excise duty (a) on an abnormally exaggerated notional sales value; (b) inflated sales quantity; and (c) without legitimate deduction of expenses and CENVAT Credit.
The Company has been advised by legal experts, that it has strong case and will challenge the alleged demand of the Excise Department in the appropriate forum.
-
10 Jan | 2014
A Meeting of the Board of Directors of the Company will be held on Wednesday, the 29th January, 2014 to approve the Unaudited Financial Results for the quarter ended 31st December, 2013.
-
16 Dec | 2013
We refer our letter dated 14th November, 2013 wherein we have mentioned about shutdown of Continuous Polymerisation Unit (CPU) - Polyester at Bharuch site for preventive maintenance. In addition, the Company has also taken up modification of a part of its polymer lines to improve flexibility in the manufacturing process. As a result, CPU - Polyester will continue to remain in non-operative mode for some more time.
-
14 Nov | 2013
The Company, at an interval of 3 - 4 years, takes a shutdown of its Continuous Polymerisation Unit - Polyester (CPU - Polyester) producing Chips and Polyester POY at Bharuch site for preventive maintenance. The last such shutdown was taken in September 2009.
The Company has now decided to take a shutdown and the process of shutting down of operations have been started with effect from 12th November, 2013 and are expected to be completed in 4 - 5 weeks.
-
16 Oct | 2013
A Meeting of the Board of Directors of the Company will be held on Thursday, the 31st October, 2013 to approve the Unaudited Financial Results for the quarter ended 30th September, 2013.
-
14 Jun | 2013
NOTICE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE
NOTICE is hereby given that the 47th Annual General Meeting of the Company will be held on Saturday, the 13th July, 2013 at 12.30 P.M. at Pudumjee Hall, Mahratta Chamber of Commerce, Industries and Agriculture, Tilak Road, Pune-411002 to transact the business as mentioned in the Notice of the 47th Annual General Meeting which has been posted together with Annual Report to the shareholders.
The Register of Members and Share Transfer Books of the Company will remain closed from Tuesday, the 2nd July, 2013 to Tuesday, the 9th July, 2013, both days inclusive on account of Annual General Meeting and Dividend payment.
The Dividend, if declared at the forthcoming Annual General Meeting of the Company, will be paid on or after 17th July, 2013 in respect of shares held in physical form to those Shareholders whose names shall appear on the Register of Members of the Company on 9th July, 2013 and in respect of shares held in dematerialised form, dividend will be paid to the beneficial owners as per details to be furnished by the Depositories for the purpose.
-
05 Jun | 2013
Security Code : CENTENKA
Type of Security : Equity Shares
BOOK CLOSURE RECORD DATE PURPOSE FROM : Tuesday, 02.07.2013
TO : Tuesday, 09.07.2013- Annual General Meeting & Dividend For the Year Ended 31.03.2013 The Board of Directors has recommended dividend at the rate of 60% (i.e. Rs.6/- per Equity Share of Rs.10/- each) for the year ended 31st March, 2013.
The Annual General Meeting of the Company will be held at Pune (Maharashtra) on Saturday, the 13th July, 2013 at 12.30 P.M.
Dividend, if declared by the shareholders, will be paid on or after 17th July, 2013.
-
29 Apr | 2013
A Meeting of the Board of Directors of the Company will be held on Wednesday, the 15th May, 2013 to approve the Audited Financial Statements for the year and for the quarter ended 31st March, 2013.
-
17 Oct | 2012
A Meeting of the Board of Directors of the Company will be held on Wednesday, the 31st October, 2012 to approve the Unaudited Financial Results for the quarter ended 30th September, 2012.
-
13 Aug | 2012
Reference our Company's letter of 24th May, 2012 to Stock Exchanges wherein it was informed the suspension of operations at Mahad site. The Mahad site has two factories, viz. Konkan Synthetic Fibers and Raigad Processors. It has now been decided to close down the operations of Raigad Processors factory w.e.f. 14.08.2012. The total turnover of this factory in the Financial Year 2011-12 was Rs.85 crores (i.e. about 5% of total turnover of Rs.1650 crores). The total number of employees at present in the factory are 34 nos. (The total number of employees in the Company as on 31.03.2012 are 1587 nos.).
-
09 Jul | 2012
A Meeting of the Board of Directors of the Company will be held on Wednesday, the 1st August, 2012 to approve the Unaudited Financial Results (Provisional) for the quarter ended 30th June, 2012.
-
02 Jul | 2012
Please click the link below to know voting results of Annual General Meeting held on 2nd July 2012.
-
25 May | 2012
Sub : Suspension of operations at Mahad location
The combined effect of crude oil price and depreciation of Indian Rupee have led to high raw material and fuel cost to the Company. In addition to this, the oversupply and cut throat competition in Nylon Filament Yarn has aggravated the situation.
Consequently, out of three factory locations, namely at Bharuch, Pune and Mahad, the operations at Mahad location is incurring cash losses. The Management has therefore, considered it appropriate to suspend operations at Mahad site until situation normalizes.
It may be noted that in the financial year 2011-12, the total turnover of the company was Rs.1650 crores, out of that share from Mahad site was about Rs.123 crores (i.e. 7.45%).
The Management is closely monitoring the situation and will explore all possibilities of utilizing its plant and machinery in the most appropriate form.