SAT INDUSTRIES LTD.-$ - 511076 - Corporate Action-Board approves Dividend
The board recommended a Final Dividend of Re. 0.10 (i.e., 5%) per equity shares of Rs. 2/- each for the financial year ended March 31, 2023.25-05-2023
25-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Board Meeting Outcome for Outcome Of The Board Meeting Dated May 25, 2023.
1. Approved the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and year ended March 31, 2023, as recommended by the Audit Committee; and 2. Recommended a Final Dividend of Re. 0.10 (i.e., 5%) per equity shares of Rs. 2/- each for the financial year ended March 31, 2023. 3. Further this is to inform you that in the Board meeting dated May 11, 2023, the board had approved to sell and transfer the shares held by the Company in its material subsidiary, Aeroflex Industries Limited upto 57,00,000 equity shares in one or more tranches, now the Board has decided to sell and transfer additional 30,00,000 equity shares, aggregating to total upto 87,00,000 equity shares in one or more tranches and on such terms and conditions as may be agreed between the proposed acquirer and Mr. Asad Daud/Mr. Harikant Turgalia, the Directors of the Company.25-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Board Meeting Intimation for Financial Results And Dividend
SAT INDUSTRIES LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/05/2023 ,inter alia, to consider and approve 1. the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2023 and Auditor's Report there on. 2. the Audited Consolidated Financial Results for the quarter and financial year ended March 31, 2023 and Auditor's Report there on. 3. Recommendation of final dividend on equity shares, if any, for the Financial year ended March 31, 2023.17-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
The Company has sold 4.05% equity shares held in its material subsidiary, Aeroflex Industries Limited to Mr. Ashish Kacholia & M/s. Bengal Finance & Investments Private Limited for an aggregate amount of INR 40.56 Crores.15-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Sell And Transfer Shares In Material Subsidiary, Aeroflex Industries Limited.
The Board of Directors of the Company in the meeting held today i.e. May 11, 2023 has inter alia, approved to sell and transfer the shares held by the Company in its material subsidiary, Aeroflex Industries Limited upto 57,00,000 equity shares in one or more tranches i.e., less than 5% of the paid-up share capital of Aeroflex Industries Limited at a price and on such terms and conditions as may be agreed between the proposed acquirer and Mr. Asad Daud/Mr. Harikant Turgalia, the Directors of the Company.11-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company SAT INDUSTRIES LTD.- 2 CIN NO. L25199MH1984PLC034632 3 Report filed for FY 2022-2023 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* NA 5 Incremental borrowing done in FY (T)(a) 0.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00 7 Actual borrowing done through debt securities in FY (T)(c) 0.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) 0 8Quantum of (d), which has been met from (c)(e)* 0 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* 0 Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)NA Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-ALKA GUPTADesignation :-COMPANY SECRETARY AND COMPLIANCE OFFICER Name of the Chief Financial Officer :- HARIKANT TURGALIA Designation : -CHIEF FINANCIAL OFFICER Date: 05/05/202305-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Announcement Under Regulation 30 (LODR)- Updates (Further Investment In Aeroflex Finance Private Limited, Wholly Owned Subsidiary)
Company has further made investment of Rs. 5,00,00,000/- in Aeroflex Finance Private Limited, Wholly Owned Subsidiary Company through acquisition of 50,00,000 equity shares at face value of Rs. 10/- each.02-05-2023
SAT INDUSTRIES LTD.-$ - 511076 - Announcement under Regulation 30 (LODR)-Acquisition
The Company has decided to make further Investment of Rs. 5 Crores (Rupees Five Crores only) in Aeroflex Finance Private Limited, Wholly Owned Subsidiary Company, for development of technology-based lending platform to create fintech solutions for leveraging technology to offer innovative financial products and services.29-04-2023
SAT INDUSTRIES LTD.-$ - 511076 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanySAT INDUSTRIES LTD.- 2CIN NO.L25199MH1984PLC034632 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 34.84 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: ALKA AMIT SHAW Designation: COMPANY SECRETARY EmailId: corporate@satgroup.in Name of the Chief Financial Officer: Harikant Turgalia Designation: Wholetime Director and CFO EmailId: harikant.turgalia@satgroup.in Date: 19/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.19-04-2023