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 Board of Directors at it Meeting held on 24th April, 2017 has approved the Dividend of Rs.6/- per share for the financial year 2016-17 (60%) and will be paid from August 17, 2017 if approved by the shareholders at the ensuing Annual General Meeting.
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.
Sole holders in physical form are advised to make nomination by submitting the form to the Registrar, in duplicate, available in download section.
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.