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Announcement Date
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Announcements |
| 04.01.2010 |
A Meeting of the Board of Directors of the Company will be held on Wednesday, the 27th January, 2010 to approve the Unaudited Financial Results (Provisional) for the quarter ended 31st December, 2009.
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| 09.12.2009 |
Announcement of Result of Poll by Postal Ballot
Pursuant to the Notice dated 24th October, 2009 and based on the Scrutinizers Report dated 8th December, 2009, the result of the poll taken by Postal Ballots under Section 192A of the Companies Act on the resolution under Section 81(1A) and other applicable provisions of Companies Act, 1956 is as under :
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No. of Ballots |
No. of shares held |
Nominal value of shares (Rs.) |
| Votes in favour of Resolution |
1473 |
72,46,536 |
7,24,65,360 |
| Votes against the Resolution |
128 |
94,488 |
9,44.880 |
| Votes found invalid on a/c of No Vote, Unsigned, Double Vote, Non submission of proper documents, etc. |
47 |
13,34,062 |
1,33,40,620 |
| Total |
1648 |
86,75,086 |
8,67,50,860 |
The Special Resolution was passed by requisite majority.
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| 11.11.2009 |
Shri S K Jain has been appointed as a Director of the Company on 11th November, 2009 to fill-up the casual vacancy caused by the death of Shri V Dixit.
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| 04.11.2009 |
NOTICE
Shareholders are hereby informed that the Company has completed despatch of Notice under Section 192A of the Companies Act, 1956 on 3rd November, 2009 alongwith Postal Ballot Form and a self addressed envelope (for which postage will be paid by the Company) in relation to a Special Resolution under Section 81(1A) of the Companies Act, 1956 seeking consent of the shareholders for issue of 18,00,000 Preferential Warrants to Century Textiles and Industries Limited and/or TGS Investment and Trade Private Limited and/or other promoters and Promoters Group as per the guidelines of SEBI (issue of Capital and Disclosure Requirement) Regulations, 2009 as set out therein. Duly completed Postal Ballot Forms should be received by the Scrutinizer not later than 5.00 P.M. on 5th December, 2009.
In case any member does not receive Postal Ballot Form, he may request for a duplicate Postal Ballot Form at the Company's Registered Office.
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| 21.10.2009 |
This is to inform you that the Board Meeting convened on 24th October, 2009 for approving the Unaudited Financial Results (Provisional) for the quarter ended 30th September, 2009 will also consider convening an Extra-ordinary General Meeting/Postal Ballot for seeking shareholders approval for the issue of Preferential Warrants to Promoters in accordance with the Guidelines of SEBI and Stock Exchange.
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| 20.10.2009 |
Mr.V Dixit, Director of the Company passed away on 14th October, 2009.
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| 04.07.2009 |
A Meeting of the Board of Directors of the Company will be held on Thursday, the 23rd July, 2009 to approve the Unaudited Financial Results (Provisional) for the quarter ended 30th June, 2009.
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| 11.05.2009 |
ANNUAL GENERAL MEETING & BOOK CLOSURE
NOTICE is hereby given that the 43rd Annual General Meeting of the Company will be held on Saturday, the 27th June, 2009 at 10.30 A.M. at KALA KUNJ, 48, Shakespeare Sarani, Kolkata-700 017. The Register of Members and Share Transfer Books of the Company will remain closed from Tuesday, the 16th June, 2009 to Monday, the 23rd June, 2009, both days inclusive on account of Annual General Meeting and Dividend payment. Notice of the said meeting is being posted to all the Members separately.
The Dividend, if declared at the forthcoming Annual General Meeting of the Company, will be made payable to those Shareholders whose names shall appear on the Register of Members of the Company on 23rd June, 2009 and in respect of Shares in dematerialised form, Dividend will be paid to the beneficial owners as per details to be furnished by the Depositories for the purpose.
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| 15.04.2009 |
A Meeting of the Board of Directors of the Company will be held on Monday, the 4th May, 2009 to approve the Annual Accounts (Audited) for the year ended 31st March, 2009 and Financial Results for the quarter ended 31st March, 2009.
At the same meeting, the Board will also consider recommendation of dividend on Equity Shares for the Financial Year ended 31st March, 2009.
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| 30.12.2008 |
Intimation sent by the Company to National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd.
Text of the intimation :-
"Please refer to our letter dated 18th December, 2008 whereby we have informed you that due to slowdown in Automobile Industry, the tyre companies have substantially reduced their off-take of Nylon Tyre Cord Fabrics (NTCF) from the Company and as such resulted into accumulation of substantial inventory of NTCF with us. We have also informed about partial suspension of NTCF operation. We regret to inform you that this partial suspension is still continuing as there is no revival in NTCF demand from tyre companies. At present, the production cut is in the range of 35-40%.
The details of production and sales during the October-December 2008 quarter as compared to corresponding quarter of the previous year are as follows :
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| Products (Chips / Synthetic Textile Yarns / NTCF ) |
Figures (M.T.)
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| October to December 2008 |
October to December 2007 |
| Sales |
26,661 |
29,564 |
| Production |
27,507 |
29,666 |
As reported in our earlier letter, we are continuously monitoring the situation and take appropriate steps to restore the production.
Please display this letter on Notice Board for the information of members / investors."
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| 18.12.2008 |
Intimation sent by the Company to National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd.
Text of the intimation :-
We understand from tyre companies that there is slowdown in Automobile Industry. This is also evident from the reports appearing in various newspapers. Consequently, tyre companies have substantially reduced their off-take of Nylon Tyre Cord Fabrics (NTCF) from us.
In view of above situation, we have accumulated substantial inventory of NTCF and do not see early revival in demand. As such, we have partially suspended our NTCF operation and intend to cater market requirements from accumulated inventory. It will also help the company to manage its working capital more efficiently and save the interest cost.
The Management will closely monitor the situation and restore production at appropriate time. In the meantime, the company will undertake preventive maintenance of the plant and equipment
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| 07.05.2007 |
The Board of Directors of the Company in its Meeting held on 3rd May, 2007 has appointed Shri G M Singhvi as a Whole-time Director of the Company with effect from 16th May, 2007.
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| 12.04.2007 |
The Board of Directors at its Meeting held on 11th April, 2007 has appointed Mr. G M Singhvi as a Director to fill up the casual vacancy caused by the death of Mr. D Y Gaitonde.
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| 29.01.2007 |
Pursuant to Article 115 of the Company's Articles of Association, the Board of Directors of the Company at its Meeting held on 25th January, 2007 have elected Mr.B K Birla as the Chairman of the Board of Directors of the Company to hold office as long as he continues to be a Director.
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| 28.09.2006 |
We are pleased to inform that Nylon Tyre Cord Fabric (NTCF) project for 8000 M.T. per annum is progressing as per schedule. It is being partially commissioned today ( i.e. 28.09.2006) which includes part of Spinning Lines and Conversion capacities. Barring unforeseen circumstances, the remaining project will be commissioned in the quarter ending December 2006.
On commissioning of complete project, the total NTCF capacity of the Company will increase from 14,000 M.T. To 22,000 M.T. per annum.
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| 1.09.2006 |
The Company has appointed M/s. Intime Spectrum Registry Limited as its Registrar and Share Transfer Agent with effect from 1st September, 2006 in place of M/s. MCS Ltd. The Shareholders / Investors are, therefore, requested to send all their Share / Debenture related queries / correspondence including transfer of shares to M/s. Intime Spectrum Registry Limited at their address at C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai - 400 078. Tel. No.(022) 2596 3838, Fax No. (022) 2594 6969 and E-mail id : isrl@intimespectrum.com.
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| 04.05.2006 |
Company's Share Transfer Agent M/s.MCS Limited has changed their location from Sri Venkatesh Bhavan, Plot No.27, Road No.11, MIDC, Andheri (East) Mumbai - 400093 to the following address with effect from 2nd May, 2006.
MCS Limited
"Harmony", 1st Floor
Sector-1, Khanda
New Panvel (West)
Dist : Raigad (Maharashtra)
Pin : 410 206
Tel. No.27492003 - 10
Fax No.27492005
E-mail : mcsmum@vsnl.com
All concerned are requested to address their share/debenture related correspondence to M/s.MCS Ltd. at their new address.
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| 03.02.2006 |
Buy back of equity shares
under the Scheme of Arrangement
85,93,109 Equity Shares of Rs. 10/- each bought back by the Company under the Scheme of Arrangement shall stand canceled with effect from 9th February, 2006 i.e. at the expiration of a period of 7 days from 2nd February, 2006 being the date of remittance of buy back consideration to Acordis Overseas Investment BV.
Accordingly, Issued, Subscribed and Paid-up Equity Share Capital of the Company shall stand reduced to 2,00,50,589 Equity Shares of Rs. 10/- each with effect from 9th February, 2006.
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| 30.12.2005 |
Buy back of equity shares under the Scheme of Arrangement This is to inform that the Board of Directors of the Company at its meeting held today i.e. 30th December, 2005 approved buy back of 85,93,109 equity shares of Rs.10/- each (representing 30 % of the total Paid-up Share Capital of the Company) tendered by Acordis Overseas Investment BV at a price of Rs. 122/- per equity share pursuant to the Scheme of Arrangement approved by the Hon'ble High Court at Calcutta on 9th November, 2005.
85,93,109 equity shares of Rs. 10/- each so bought back will be cancelled on completion of other formalities in terms of the Scheme of Arrangement and the Issued, Subscribed and Paid-up Share Capital of the Company will thereupon be reduced to that extent.
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| 25.11.2005 |
Scheme of Arrangement under Section 391 of the
Companies Act, 1956 - Fixation of Record Date This is to inform you that the Company has fixed 8th December, 2005 as the Record Date for the purpose of determining the names of the non-resident shareholders holding eligible equity shares (i.e. the shares held on the date of making an application to the Hon'ble High Court at Calcutta for sanctioning the Scheme of Arrangement and continue to hold it till Record Date i.e. 8th December, 2005) that can be tendered by them to the Company for purchase under the Scheme of Arrangement as approved by the Hon'ble High Court at Calcutta on 9th November, 2005.
It may kindly be noted that the aforesaid Record Date is for the limited purpose of determining the eligible equity shares held by non-resident shareholders of the Company which can be tendered to the Company for purchase under the Scheme of Arrangement and would not have a bearing on the market trade operation as no benefit will now accrue on the shares.
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| 22.07.2005 |
Scheme of Arrangement Pursuant to an order dated 6th July, 2005 of the Hon'ble High Court at Calcutta, separate meetings of the Resident Equity Shareholders and the Non-Resident Equity Shareholders of the Company will be held at Kala Kunj, 48, Shakespeare Sarani, Kolkata 700017 on Friday, the 19th August, 2005 at 12.00 Noon for Resident Shareholders and at 1 P.M. for Non Resident Shareholders for considering and approving the proposed Scheme of Arrangement between the Company and its shareholdes. Notice dated 14th July, 2005 for convening the aforesaid meetings togetherwith the Scheme of Arrangement and Explanatory Statement have been posted to all the Shareholders of the Company.
After approval of the Shareholders, Petition will be filed with the Hon'ble High Court at Calcutta for sanction of the Scheme of Arrangement.
Under the Scheme of Arrangement, all non resident shareholders of the Company shall be entitled to participate in the Scheme to the extent of eligible shares held by them by optionally tendering the whole or any part of their shareholding to the Company for buy back by the Company at a consideration of Rs.122/- per equity share in cash. The aggregate number of shares to be bought back shall be limited to 85,93,109 equity shares being 30% of the paid up equity share capital of the Company.
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| 07.05.2005 |
Century Enka Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2005, has decided a Scheme of Arrangement for non-resident shareholders for Buy-back of their shares to the extent of 30% of the paid up equity share capital of the Company at a price of Rs 122/- (Rupees One Hundred Twenty-two only) per equity share.
The effect of the Scheme will be that Acordis Overseas Investment BV will be entitled to tender upto 30%, out of their shareholding of 38.24%, in the Company. The Scheme will be beneficial to the remaining shareholders inasmuch as it will result in the corresponding increase in book value and earnings per share. The Scheme is subject to the approval of the shareholders in a general meeting and of the High Court of Calcutta.
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| 03.05.2005 |
Dividend
The Board has recommended payment of dividend at the rate of Rs.6.00 (Rupees six only) per Equity Share of Rs.10/- (previous year Rs.6.00).
Modernisation and Expansion
The Company has increased its Nylon Polymerisation capacity by 14600 M.T. per annum and successfully commissioned new Fully Drawn Yarn (FDY) capacity.
The Nylon Tyre Cord Fabric expansion project has been finalised with a capital investment of Rs.160 crores and hope to complete by the last quarter of 2006.
During the year 2004-05, two Diesel Generating Sets each of 6 MW capacity and one 4 MW capacity have been added at Pune and Bharuch Plants respectively for captive power generation.
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| 19.04.2005 |
We are pleased to inform that Polyester Partially Oriented Yarn (POY) capacity expansion at Bharuch Site by converting its surplus Polyester Chips capacity has been materialised and the commercial production has started from 19th April, 2005.
With this expansion, the total POY capacity at Bharuch Site has gone up from 37,900 Metric tons to 81,000 Metric tons per annum.
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Copyrights @ 2005 Century Enka Ltd.
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