Clarification Of News
We refer to your e-mail dated 16th April, 2018 and state that we are not aware of any information contained therein. We shall keep you informed of all material information as required under regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015. Insolvency: UltraTech willing to pay Rs 79.60 bn to take over Binani Cement
Firm willing to pay Rs 7 bn more than earlier offer, to buy Binani Cement Submission Of Postal Ballot Notice, Form And Newspaper Publications
Further to our letter dated 3rd April, 2018 and 10th April, 2018 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are forwarding herewith a copy of Postal Ballot Notice and Form which has been dispatched to the shareholders. Also attached herewith copies of the newspaper advertisement published in Financial Express and Aajkal both dated 13th April 2018 in respect of the completion... Clarification sought from Binani Industries Ltd
The Exchange has sought clarification from Binani Industries Ltd with respect to news article appearing onwww.business-standard.com - April 16, 2018 titled "Binani creditors' forum seeks audit of insolvency resolution process"The reply is awaited. Binani creditors' forum seeks audit of insolvency resolution process
The Binani Operational Creditors Forum (BOCF) today said it has sought a forensic audit of the insolvency resolution process of debt-ridden Binani Cement due to an alleged lack of transparency and step motherly treatment to Micro, Small & Medium Enterprises (MSME) players. The forum has filed a petition in the Supreme Court calling for a forensic audit of the process. The petition will come up for hearing next Thursday. Binani Cement owes about Rs 7,000 crore to financial and operational creditors. Even though Dalmia Bharat, with its offer of Rs 6,350 crore, had been voted as the highest bidder by lenders, things took a turn when Binani Industries approached UltraTech to buy out its stake in Binani Cement for Rs 7,618 crore, involving 100 per cent payout to both secured and unsecured lenders. The hearing of Operational Creditors (OCs), who are backing a higher offer by UltraTech Cement and the promoters of Binani Cement, will come up for hearing in the Supreme Court . Clarification Of News D
The newspaper reports relate to withdrawal by Binani Industries Limited of its appeal challenging the interim order dated 05.04.2018 passed by NCLAT. No finality has been achieved in any matter. We ensure that all reportable events are reported to the Stock Exchanges. We are not aware of any reportable event which has not been reported. Trust the above clarifies the issues raised in your email dated 13th April, 2018. Clarification sought from Binani Industries Ltd
The Exchange has sought clarification from Binani Industries Ltd with respect to news article appearing on www.economictimes.com - April 13, 2018 titled "Setback for UltraTech, SC refuses to allow out-of-court settlement for Binani Cement" The reply is awaited. Binani creditors' forum seeks forensic audit of resolution process
The Binani Operational Creditors Forum has sought a forensic audit of the entire insolvency resolution process of Binani Cement due to an alleged lac Clarification Of News
Kindly refer to the intimations to the Stock Exchange submitted earlier wherein we have informed that the Company, Binani Industries Limited has sought for termination of CIRP of Binani Cement Limited and has agreed to pay the liabilities of Binani Cement Limited and that Ultra Tech Cement Llimited has given a letter of comfort. Our application is pending at Supreme Court as also at NCLT, Kolkata. We are seeking shareholders' approval for sale... Statement Of Investor Complaints For The Quarter Ended March 2018
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0660 Name of the Signatory :- visalakshi SridharDesignation :- Company Secretary and Compliance Officer