Updates
This to inform you that in terms of the provisions of SEBI Circular No. CIR/CFD/FAC/62/2016 dated 05.07.2016, we are adopting Indian Accounting Standards (Ind AS') with effect from April 01, 2017.10-08-2017
10-08-2017
Credit Rating
This to inform you that CARE Ratings Limited has revised/improved the credit ratings for various bank facilities obtained by the Company.24-07-2017
Fixes Book Closure for AGM (Cut-off date for e-voting)
Uttam Sugar Mills Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 16, 2017 to September 26, 2017 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 26, 2017.18-07-2017
Fixing Of Book Closure For Annual General Meeting
Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI (LODR) Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from Saturday, 16th September, 2017 to Tuesday, 26th September, 2017 (both days inclusive) for the purpose of Annual General Meeting of the Company.17-07-2017
Outcome of Board Meeting
Dear Sir, This is to inform you that the Board of Directors of the Company has decided the AGM Date place, Venue, E-voting and Book Closure.17-07-2017
Shareholding for the Period Ended June 30, 2017
Uttam Sugar Mills Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. For more details, kindly Click here12-07-2017
Updates
We have submitted/uploaded the Quarterly Compliance documents on BSE Portal for the quarter ended on 30th June, 201712-07-2017
Statement Of Investor Complaints For The Quarter Ended 30Th June, 2017
We are uploading Statement of Investor Complaints pursuant to Regulation 13 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 30th June, 201712-07-2017
Sugar companies' sweet spot may be over, with normal monsoon predicted
Sugar companies have done very well in the past few quarters - Balrampur Chini Mills and Uttam Sugar Mills top the stock screener for companies whose net profits in the last 12 months are 5X net profits in FY16. BCM and USM are only two of 27 companies that figure in the screener, and has attractive valuations. Investors however, would do well to proceed with some caution in investing in sugar mills, considering the monsoon outlook for India this year. India's annual monsoon rainfall this year is expected to be 98% of the long-term average, close to normal. This means lower droughts, and higher farm output overall. Sugar mill stocks do better when prices are high, and prices are high when sugar output is low - sugarcane being a highly water intensive crop. India's National Federation of Co-operative Sugar Factories estimates that Indian sugar production will rise 25% year-on-year to 25m tons. This means that Balrampur Chini Mills, and Uttam Sugar, both of which posted extremely good results the past few quarters and will end with a strong FY17, may see FY18 as a muted year in terms of performance and profits.28-06-2017
Updates
Disclosure received under Reg. 29 (1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mr. Anil Kumar Goel, regarding acquisition of shares of the Company.20-05-2017