Board Meeting On May 25, 2017.
Dear Sir / Madam, Pursuant to Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that a meeting of the Board of Directors of the Company is scheduled on Thursday, May 25, 2017, inter alia, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2017. For the above purpose and pursuant to the Code of Fair Disclosure and... Certificate Under Regulation 40 (9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Dear Sir, Pursuant to Regulation 40 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Certified True Copy of certificate for the half year ended March 31, 2017 issued by M/s Parikh & Associates, Company Secretaries. Kindly acknowledge receipt. Thanking You, Yours faithfully, For Summit Securities Limited Sd/- Jiya Gangwani Company Secretary Encl. As stated above. Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended March 31, 2017.
Dear Sir, Pursuant to Regulation 7(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the certified true copy of the certificate towards compliance of Regulation 7(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended March 31, 2017. Kindly take the same in your records.... Shareholding for the Period Ended March 31, 2017
Summit Securities Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2017. For more details, kindly Click here Statement Of Investor Complaints Under Regulation 13(3) For The Quarter Ended March 31, 2017.
Dear Sir, Pursuant to Regulation 13(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Statement of Investors Complaints for the quarter ended March 31, 2017. Kindly take the same in your records. Thanking You, Yours faithfully, For Summit Securities Limited Sd/- Jiya Gangwani Company Secretary Encl.: As stated above.
The buzz around holding company Summit Securities
Summit Securities is the holding company of the RPG–Harsh Goenka Group, and has been seeing an uptick in its stock price since the beginning of March 2017, as the companies in its portfolio have shown strength. Summit Sec has holdings in CEAT Limited, KEC International, RPG Life Sciences, Zensar Technologies, Harrisons Malayalam and STEL Holdings. CEAT Limited, India's fourth largest tyre manufacturer, has been a fair performer in the past few quarters, although Q3 found the firm taking a hit from demonetization. Summit holds 2.37% of CEAT. The tyre manufacturer has been gaining strength, with deep market distribution and an expected doubling of production capacity for the passenger car market. The company's share price has been trading above all its SMAs, with analysts like Motilal Oswal and Chola Wealth giving the stock a buy rating, in expectation of capacity driven growth in FY18. A much awaited decline in rubber prices has also given the entire tyre industry a boost, which will help CEAT's margins in the coming quarters. KEC International, where Summit Securities holds a 10.74% stake (Summit increased its stake in KEC from 10.5% to 10.74% between December '15 and '16), has an order book which in Q3 FY17 was up 24% YoY, giving the company a clear growth horizon for the coming quarters. Order backlog has hit a lifetime high according to KEC - it stands at at 1.3x times of the company's order sales in FY16. Customers are investing in transmission and distribution infrastructure, which means the market for the company is set to remain healthy in FY18. Relatively, RPG LifeSciences, in which Summit Securities holds over 10.8% stake, and Harrisons Malayalam where it hods 3.95%, have performed underwhelmingly - RPG had a sharp decline in Q3 FY17 in both overall revenues and profits, and HM has had several underwhelming quarters in a row. IT company Zensar Technologies however, has logged in respectable growth in the past few quarters, and on 31st March it also announced that it would acquire Bengaluru-based retail technology provider Keystone Logic Solutions and its US subsidiary for Rs 132.4 crore, to boost its retail tech solutions. Summit holds a nearly 11% stake in Zensar. CEAT and KEC are in particular, in sectors that look rosier in FY18 than the previous year, thanks to strong growth that is expected in the auto and infrastructure sector. Both have put Summit up going into FY18. Standalone Financial Results, Limited Review Report for December 31, 2016
Summit Securities Ltd has informed BSE about : 1. Standalone Financial Results for the period ended December 31, 20162. Standalone Limited Review for the period ended December 31, 2016 Board Meeting Intimation for Results & Closure of Trading Window
Summit Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled on February 02, 2017, inter alia, to consider and approve the Un-audited Standalone Financial Results for the quarter and nine months ended December 31, 2016.For the above purpose and pursuant to the Code of Fair Disclosure and Conduct (the Code) adopted by the Company for prevention of insider trading under the SEBI (Prohibition... Shareholding for the Period Ended December 31, 2016
Summit Securities Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2016. For more details, kindly Click here Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016
Summit Securities Ltd has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.