Outcome of Board Meeting
We wish to inform you that the Board of Directors at its meeting held on 5th October, 2017, considered and approved the 'Redington Stock Appreciation Right Scheme 2017' and issue of Stock Appreciation Rights to eligible employees of the Company and its subsidiaries, subject to approval of the shareholders through postal ballot. Resignation of Director
Pursuant to the Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Ms. Suchitra Rajagopalan, Independent Director of the Company vide her letter dated 28th September 2017 conveyed her inability to continue as director due to personal commitments and tendered her resignation from the Board with effect from 28th September 2017. Allotment of ESOP / ESPS
We wish to inform you that the ESOP Share Allotment Committee of the Directors of the Company has considered and approved the allotment of 2,29,000 (Two Lakh Twenty Nine Thousand) equity shares of Rs. 2/- each on 12th September 2017, pursuant to exercise of options granted under 'Redington (India) Limited - Employee Stock Option Plan, 2008'. We are enclosing herewith the notification pursuant to Regulation 10 (c) of SEBI (Share Based Employee... Updates
This has reference to our letter dated 29th July 2017 on de-classifying of Harrow Investment Holding Limited ('HIHL'), Mauritius as promoter of the Company. In connection to the above, we wish to inform that BSE limited vide its letter dated 5th September 2017 approved the application made by the Company for de-classifying the promoter Status of HIHL. GST to scale transportation business further, says Redington India
IT-related logistics solution provider Redington (India), which has been developing a third party logistics services business under the brand ProConnect, is expecting a better opportunity in scaling up transportation business post Goods and Services Tax (GST) implementation. With the advent of GST, the company expects that the concept of Full Truck Load (FTL) to shift to small cargos, which would improve the margins, said senior management officials.With the implementation of GST, the company is expecting that certain businesses and logistics, particularly transportation is expected to scale up significantly. However, transportation, in terms of profitability will be lower, but there is a high potential in terms of scale, said Raj Shankar, managing director of Redington (India) Ltd."What we are trying to do is we are also trying to see how to bring in some apps that allows us to be able to do this aggregation and consolidation. So in other words, our model continues to be keeping it .. GST to scale transportation business further, says Redington India
IT-related logistics solution provider Redington (India), which has been developing a third party logistics services business under the brand ProConnect, is expecting a better opportunity in scaling up transportation business post Goods and Services Tax (GST) implementation. With the advent of GST, the company expects that the concept of Full Truck Load (FTL) to shift to small cargos, which would improve the margins, said senior management officials.With the implementation of GST, the company is expecting that certain businesses and logistics, particularly transportation is expected to scale up significantly. However, transportation, in terms of profitability will be lower, but there is a high potential in terms of scale, said Raj Shankar, managing director of Redington (India) Ltd."What we are trying to do is we are also trying to see how to bring in some apps that allows us to be able to do this aggregation and consolidation. So in other words, our model continues to be keeping it .. Updates
This has reference to our letter dated 19th July 2017 intimating the details of Investor/Analyst call on the Unaudited Financial Results for the quarter ended 30th June 2017 scheduled on 27th July 2017. In this regard, we are enclosing herewith the transcript of Conference Call hosted on 27th July 2017. The same is also available in the Company's website www.redingtonindia.com. Updates
We wish to inform you that the Company has received a letter from Harrow Investment Holding Limited (HIHL) dated 13th July 2017 to declassify their promoter status, pursuant to the sale of their entire shareholding in the Company. We are enclosing herewith the letter received from HIHL. The Board of Directors at their meeting held on 27th July 2017 took note of the aforesaid letter and consented making application with Stock Exchanges to declassify HIHL's status as promoter. Outcome of AGM
Pursuant to Part A to Schedule III to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the proceedings of the Annual General Meeting held on 28th July 2017. Outcome of AGM
Pursuant to Reg 30(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, we wish to inform you that at the Annual General Meeting held today, the shareholders approved the appointment of M/s. BSR & Co. LLP, Chartered Accountants, (ICAI Firm Registration No. 101248W/W-100022) as the statutory auditors of the Company, for a term of 5 years commencing from the conclusion of this AGM.