Outcome of Board Meeting
Ruchi Soya Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016, inter alia, has not recommended any dividend on Preference Shares and Equity Shares.The meeting commenced on 1.00 P.M. and concluded at 8.50 P.M. Updates
With reference to the earlier letter dated May 25, 2016, Ruchi Soya Industries Ltd has now informed BSE that the Company have received a letter dated May 25, 2016 on May 27, 2016, from Securities & Exchange Board of India with an ex parte ad interim order passed by SEBI against Ruchi Soya Industries Limited (the Company) restraining the Company from buying, selling or dealing in the securities market, either directly or indirectly, in any manner whatsoever, till further direction.... Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Spectra Realties Pvt Ltd has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Evershine Oleochem Ltd has submitted the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 to BSE Ruchi Soya Industries Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Ruchi Soya Industries Ltd with respect to news appearing in Times of India on May 25, 2016 titled "Ruchi Soya barred from markets." Ruchi Soya Industries Ltd response is enclosed. Adani Wilmar and Ruchi Soya propose to join hands to create one of India's leading FMCG companies
Ruchi Soya Industries Ltd has informed BSE regarding a Press Release dated May 25, 2016 titled "Adani Wilmar and Ruchi Soya propose to join hands to create one of India's leading FMCG companies". Clarification sought from Ruchi Soya Industries Ltd
The Exchange has sought clarification from Ruchi Soya Industries Ltd with respect to news article appearing in Times of India on May 25, 2016 titled "Ruchi Soya barred from markets." The reply is awaited. Sebi bars Ruchi Soya Industries from dealing in securities market
MUMBAI: The Securities and Exchange Board of India has barred Ruchi Soya Industries, the country's largest soya oil producer, from dealing in the securities market for indulging in manipulative and fraudulent activities in castor seed contracts. In an ex-parte interim order, the regulator on Tuesday also barred National Steel and Agro Industries from dealing in the securities market. "I, prima facie, find that the acts and omissions of Ruchi Soya Industries Limited and National Steel and Agro Industries Limited has, not only disturbed market equilibrium, but also indicate manipulative and fraudulent design to form a cartel and corner the Castor Seed market,"Rajeev Kumar Agarwal,whole time member,Sebi said in his order. Sebi said Ruchi Soya Industries and National Steel Agro Industries both part of the Ruchi Group entities had taken huge long positions in castor seed contracts and have also violated the prescribed position limits. The regulator also alleged that Ruchi group entities traded in such high magnitude which has the potential to disturb the market equilibrium and harm market integrity. On 18 occasions Ruchi group entities violated commodity level client position limits and on six occasions it violated near month client position limits. The regulator observed that Ruchi Soya had provided funds to five clients for creating and maintaining open position on long side in castor seed contract. "..it has been prima facie observed that Ruchi Soya and five clients funded by Ruchi Soya were also among the top 15 clients on Long Side in Castor Seed February - 2016 Contract during the month of January... Ruchi Soya sells stake in joint venture firm for Rs 63 crore
NEW DELHI: FMCG firm Ruchi Soya Industries today said it has sold its entire stake in joint venture (JV) firm, Ruchi Kagome Foods India, for Rs 63 crore. "The company has disposed off its entire stake in the JV company at a consideration of Rs 63 crore and has entered into Termination Agreement and Share Purchase Agreement with Kagome Co and others, on May 20, 2016, resulting into termination of JV arrangement with parties thereto," it said in a BSE filing. In 2013, Ruchi Soya had announced the JV with Japanese tomato products firm Kagome Co and investment and trading firm Mitsui & Co to launch premium tomato puree, sauces, ketchup and other products in India. Besides this JV, Ruchi Soya has also tied up with J-Oil Mills and Toyota Tsusho Corporation to launch innovative products like functional healthy cooking oils in India. It has also formed a JV with a Canadian Research company -- D J Hendrick -- to offer high yielding non-GM soya seed varieties to Indian Farmers. Ruchi Soya is a leading manufacturer of edible oils, soya food, premium table spread, vanaspati and bakery fats. It owns brands such as Nutrela, Mahakosh, Sunrich and Ruchi Gold. It is also one of the leading exporters of soya meal, lecithin and other food ingredients from India. Updates
Ruchi Soya Industries Ltd has informed BSE that the Company has disposed off its entire stake in the JV Company (viz. Ruchi Kagome Foods India Pvt. Ltd.) at a consideration of Rs. 63.00 Crore and has entered into 'Termination Agreement' and 'Share Purchase Agreement' with Kagome Co. Ltd. and others, on May 20, 2016, resulting into termination of Joint Venture arrangement with the parties thereto.