Update KYC Details

SEBI in it's circular no. SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated 20th April, 2018, directed all the listed companies to record the PAN and BANK ACCOUNT details of all their shareholders holding shares in physical mode. Accordingly, Company has sent KYC forms to such shareholders at their registered address. However, those shareholders who did not receive the KYC form by post may find the same under Downloads section. The shareholders are required to submit duly filled and signed forms along with necessary attachments at the registered office of the Company.

Dematerialization of Shares

The Securities and Exchange Board of India vide amendment to Regulation 40 of SEBI (Listing Obligations and Disclosure requirements) Regulation, 2015 dated 8th June, 2018, mandated transfer of securities in dematerialize form only w.e.f. December 5, 2018. i.e. no transfer of securities shall be allowed in physical form after 5th December, 2018.

Hence, the shareholders are requested to demate their shares with their Depository Participant before 5th December, 2018 or otherwise they may lose their right to transfer shares after said date.  

Merger Updates

In order to enable other operational and synergetic benefits, the Board of Directors at its meeting held on February 3, 2018 has proposed to merge SURCOT TRADING PRIVATE LIMITED and UMIYA REAL ESTATE PRIVATE LIMITED (Transferor Companies) with STANROSE MAFATLAL INVESTMENTS AND FINANCE LIMITED (Transferee Company).

In the meeting held on February 3, 2018, the Board has decided not to provide any consideration to the shareholders of the Transferor Companies on the basis of  recommendation of the Audit Committee and the Valuation Report issued by M/s Manubhai & Shah LLP and Fairness Opinion provided by M/s Vivro Financial Services Pvt. Ltd.. The Board has also approved the Draft Scheme of Amalgamation and will undertake necessary actions to implement the draft Scheme.

The Company has filed application to BSE Limited for obtaining no objection certificate.

Dividend Declared

The Board of Directors at their Meeting held on 2nd May, 2018 recommended Dividend of Rs.6/- per share (60%) for the financial year 2017-18 for the approval of the shareholders at the Annual General Meeting dated 25th September, 2018. The shareholders approved the dividend and it will be paid from 10th October, 2018.

Exchange of Share Certificates

In order to facilitate consolidation of Share Certificates, encourage dematerialization of shares and reduce risks of fraud, the Board of Directors of the Company has approved issuance of new Share Certificates to all existing shareholders holding shares in physical form with the re-organised distinctive numbers.

For the purpose, 12th May, 2017 has been fixed as the cut-off date for ascertaining the list of shareholders holding shares in physical form, who shall be eligible for the new Share Certificates. The new Share Certificates will be issued upon surrender of old Share Certificates.

Make Nomination

Sole holders in physical form are advised to make nomination by submitting the form to the Registrar, in duplicate, available in download section.

R & T Agent

Link Intime India Pvt. Ltd-Ahmedabad is working as full fledged Registrar for physical and demat both. All communication on share related work be addressed to them.