| 16 Aug 2018 12:57 | Delisting |
Members of the Exchange are hereby notified that in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Section 21A of the Securities Contract (Regulations) Act, 1956, Securities Contract (Regulations) Rules, 1957 and Bye Laws & Regulations of National Stock Exchange of India Limited, it has been decided to delist (withdraw the admission to dealings in) the equity shares of the Sudar Industries Limited w.e.f. September 11, 2018. |
| 28 Feb 2018 13:22 | Public Notice - Compulsory Delisting |
Members of the Exchange are hereby informed that the Exchange on February 28, 2018 has issued public notice in the newspaper for�� proposed compulsory delisting of equity shares of the company, in term of Regulation 22 (3) of SEBI (Delisting of Equity shares) Regulation, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/common/CorporateAnnouncements). |
| 11 Aug 2016 10:13 | Resignation of Company Secretary/Compliance Officer |
Sudar Industries Limited has informed the Exchange that Mr. Nishant D. Phadtare, Company Secretary and Compliance Officer of the Company has resigned from the position of Company Secretary & Compliance Officer with effect from the closing of business hours on August 11, 2016. |
| 1 Jun 2016 13:24 | Updates |
Sudar Industries Limited has informed the Exchange that M/s. Mukesh Mehta & Associates, Chartered Accounts, Mumbai and M/s. Suresh Hegde & Company, Chartered Accountants, Mumbai has offered to step down from the office of Statutory Auditors of the Company due to non-payment of statutory audit fees for the financial year 2015-16.ln view of the above, Company further wish to inform the Exchange that the Company has been declared as Non Performing Assets (NPA) by the Consortium Lenders and consequently physical possession of all the assets of the Company has been taken over by them. Due to this the Company is not in a position to generate any revenue which is resulting in loss and adverse cash flow situation. Also, Company is undertaking Corporate Debt Restructuring (CDR) program to overcome this situation as soon as possible.Due to non availability of sufficient liquidity, the Company is not in a position to pay fees, remuneration , salaries etc. to the professional persons/employees employed by it. Due to non-payment of remuneration and sitting fees following directors have tendered their resignation from the Board of the Company w.e.f. January 06, 2016:1 .Mr. M. G. Subramaniam - Executive Director2.Mr. Gopi NairExecutive - Director3.Mr. Satish Shenoy- Chairman & Independent Director4 .Mr. Anand Kadam - Independent DirectorFurther, due to non payment of remuneration, the Company Secretary of the Company has offered to resign from the position of Company Secretary.Due non payment of salaries to employees/CS or fees to statutory auditors, the said people are reluctant to perform their duties. Company further wish to inform the Exchange that though the Company is in the process of appointing another Statutory Auditor, we may not be in a position to file Audited Financial Statements for the financial year 2015- 16 within 60 days from the end of the financial year i.e. by May 30, 2016, as the statutory auditors are not inclined to conduct the audit and sign the financial statements due to non payment of their statutory audit fees. |
| 15 Apr 2016 05:32 | Disc. under Reg.30 of SEBI (SAST) Reg.2011 |
Sudar Industries Limited has submitted to the Exchange vide letter dated April 06, 2016 a copy of disclosure under Regulation 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. |
| 15 Apr 2016 05:27 | Disc. under Reg.30 of SEBI (SAST) Reg.2011 |
Murugan Thevar has submitted to the Exchange vide letter dated April 06, 2016 a copy of disclosure under Regulation 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. |
| 4 Mar 2016 10:12 | Updates |
Sudar Industries Limited has informed the Exchange that Pursuant to the Regulation 30(5) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the contact details of the Key Managerial Personnel (KMP) authorized by the Board of Directors of the Company for determining materiality of an event or information and for the purpose of making disclosures to the Stock Exchanges. |
| 13 Feb 2016 07:24 | Outcome of Board Meeting |
Sudar Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 12, 2016 has adopted the Uniform Listing Agreement to be entered into with stock exchange/s. |
| 12 Feb 2016 12:25 | Financial Result Updates |
Sudar Industries Limited has submitted to the Exchange the standalone financial results along with the Limited Review Report for the period ended December 31, 2015. |
| 4 Feb 2016 09:30 | Trading Window |
Sudar Industries Limited has informed the Exchange that as per the Company's Code of Conduct for Prohibition of Insider Trading, framed pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company will be closed from February 04, 2016 to February 14, 2016 (both days inclusive). Accordingly, all the Designated Employees (including Directors) of the Company have been intimated not to enter into any transaction involving the securities of the Company during the aforesaid period of closure of trading window |
