SIYARAM SILK MILLS LTD.-$ - 503811 - Updates Of Board Meeting Dated 7Th May, 2022
Approval of other matters at the Board Meeting held on 7th May, 2022, subject to necessary approvals.09-05-2022
09-05-2022
Q4FY22 Quarterly Result Announced for Siyaram Silk Mills Ltd.
Textiles firm Siyaram Silk Mills declares Q4FY22 result: Revenue grows 75% , EBITDA 287% and PAT 50x YoY Revenue for the Q4FY22 was higher by 24% YoY and 75% YoY for FY22. An all-round performance among fabric and apparel business led to this strong revenue growth EBITDA for Q4FY22 was higher 36% YoY and 287% for FY22. Efficient marketing strategy and positioning helped in margin expansion. PAT for FY22 increased by more than 50x backed by overall improvement in the operating matrix. Fabric Business overview: Fabric Business revenue reported an increase of 73% YoY to INR 1554 cr in FY22. Share of Fabrics in total revenue is 81 % in FY22. Fabric business witnessed a robust growth of 73% YoY; Higher pent up demand led by strong demand revival in Tier 2& 3 cities has led to such growth. The Company has sold 10.14 cr metres during FY22 ; a growth of 54.5% over FY21. The company’s brands in its fabric business are Siyaram, J Hampstead and CADINI The company has been consistently customer-centric and has been careering its fabric designs to meet ever evolving fashion trends. Commenting on financial results, Mr Ramesh Poddar Chairman & Managing Director, Siyaram Silk Mills said, “The financial performance for FY22 has been quite encouraging. Post easing of Covid restrictions, the company has been able to report a strong recovery in the growth. On the Fabric front, both Trade and Retail have witnessed an encouraging trend led by higher secondary sales as well as strong retail footfalls in MBO’s. Its continued focus on Tier II & III cities, and its positioning among aspiring Indians have made the brand more reachable and acceptable among the masses .Company’s revamping of its marketing strategy has helped in improving profitability. Along with profitability, it has also led to stability in Revenue. Overall, medium to long-term growth opportunities are encouraging and we expect demand to remain buoyant going ahead”. Result PDF09-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 enclosed herewith is a copy of the Press Release on the Audited Financial Results for the quarter and year ended 31st March, 2022 to be distributed to the media, contents of which are self-explanatory. This intimation is also being uploaded on the Company's website at www.siyaram.com You are requested to take the same on record and oblige.09-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - Corporate Action-Board approves Dividend
This is to inform you that our Board at its meeting held on Saturday, 7th May 2022, has inter alia taken the following decisions: 1. Approved Audited Financial Results (Standalone and Consolidated) of the Company for the quarter/ year ended 31st March, 2022. Declaration for unmodified opinion in respect of Audited Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March, 2022 is also enclosed. 2. The Board has recommended payment of Final Dividend of Rs.3.20 per Equity Share (160 % ) on the Equity Shares of Rs.2/- each (face value) for the year ended 31st March, 2022, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting. The meeting commenced at 4.00 p.m. and concluded at 7.25 p.m.07-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - 31/03/2022
This is to inform you that our Board at its meeting held on Saturday, 7th May 2022, has inter alia taken the following decisions: 1. Approved Audited Financial Results (Standalone and Consolidated) of the Company for the quarter/ year ended 31st March, 2022. Declaration for unmodified opinion in respect of Audited Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March, 2022 is also enclosed. 2. The Board has recommended payment of Final Dividend of Rs.3.20 per Equity Share (160 % ) on the Equity Shares of Rs.2/- each (face value) for the year ended 31st March, 2022, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting. The meeting commenced at 4.00 p.m. and concluded at 7.25 p.m.07-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - Board Meeting Outcome for Board Meeting Outcome-7Th May, 2022
This is to inform you that our Board at its meeting held on Saturday, 7th May 2022, has inter alia taken the following decisions: 1. Approved Audited Financial Results (Standalone and Consolidated) of the Company for the quarter/ year ended 31st March, 2022 alongwith Auditors Report. Declaration for unmodified opinion in respect of Audited Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March, 2022 is also enclosed. 2. The Board has recommended payment of Final Dividend of Rs.3.20 per Equity Share (160 % ) on the Equity Shares of Rs.2/- each (face value) for the year ended 31st March, 2022, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting. The meeting commenced at 4.00 p.m. and concluded at 7.25 p.m.07-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - Announcement under Regulation 30 (LODR)-Newspaper Publication
With reference to above, please find enclosed herewith copies of notice published in The Free Press Journal- Mumbai Edition and Navshakti- Mumbai Edition on 3rd May, 2022, as to the Notice given to members under the provisions of Section 124(6) of the Companies Act, 2013, read with Investor Education and Protection Fund Authority (Accounting, Audit, transfer and Refund) Rules, 2016, as amended (IEPF Rules) for transfer of shares to IEPF Account.06-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, and based on the certificate received from TSR Darashaw Consultants Private Limited (RTA) (copy enclosed), for the month ended 30th April, 2022, we hereby confirm that: (a) The securities received for dematerialization and re-materialization have been listed on the Stock Exchanges; and (b) The related Certificate (s) after due verification have been mutilated and cancelled and the name of the depository has been substituted in our records as the registered owner.06-05-2022
SIYARAM SILK MILLS LTD.-$ - 503811 - Board Meeting Intimation for Board Meeting Intimation To Consider Audited Results For Quarter/Year Ended 31St March, 2022 And Recommendation Of Final Dividend, If Any
SIYARAM SILK MILLS LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/05/2022 ,inter alia, to consider and approve This is to inform you that in terms with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a meeting of the Board of Directors of the Company is scheduled to be held on Saturday, 7th May, 2022 inter alia to consider and approve Standalone and Consolidated Audited Financial Results of the Company for the quarter/year ended 31st March, 2022 and to consider and recommend Final Dividend, if any, on the Equity Shares of the Company for the year ended 31st March, 2022. Further in terms of the Company's Code for regulating, monitoring and reporting of trading by insiders framed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window Closure period has commenced from 1st April, 2022 and will end 48 hours after the results are made public on 7th May, 2022.28-04-2022