Binny Ltd


BSE: 514215 | NSE: NA | ISIN: INE118K01011 
Market Cap: [Rs.Cr.] 85 | Face Value: [Rs.] 5
Industry: Textiles - Composite

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Board Meet

06-Feb-13 
Quarterly Results 
02-Nov-12 
Quarterly Results 
01-Sep-12 
Audited Results 
13-Aug-12 
Quarterly Results 
14-May-12 
Quarterly Results 

AGM

29-Sep-12
Binny Ltd has informed BSE that regarding the details of Voting results at the 43rd Annual General Meeting of the Company held on September 29, 2012, under Clause 35A. Binny Ltd has informed BSE that the 43rd Annual General Meeting (AGM) of the Company was held on September 29, 2012. (As per BSE Announcement Dated on 19.10.2012)  
28-Sep-11
AGM 28/09/2011 Binny Ltd has informed BSE that the 42nd Annual General Meeting (AGM) of the Company was held on September 28, 2011 , inter alia, have transacted the following: 1. Adoption of the Directors' Report, Balance Sheet as at March 31, 2011, Profit and Loss Account for the year ended on that date, Cash Flow statement and Balance Sheet Abstract and the Auditors Report thereon. 2. Re-appointment of Mr. M. Ethurajan, Mr. M. Nandagopal, Mr. M. E. Shanmugam and Mr. V. R. Venkataachalam as a Director of the Company, liable to retire by rotation. 3. Re-appointment of M/s. CNGSN & Associates, Chartered Accountants, Chennai, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on remuneration, terms & conditions. (As Per BSE Announcement Dated on 12.10.2011) 
27-Sep-10
AGM 27.09.2010 Binny Ltd has informed BSE that the members at the 41st Annual General Meeting (AGM) of the Company held on September 27, 2010, inter alia, have accorded to the following: 1. Adoption of the Directors' Report, Balance Sheet as at March 31, 2010, Profit and Loss Account for the 6 months period ended on that date, Cash Flow statement and Balance Sheet Abstract and the Auditors Report thereon together with the consolidated Financial Statement. 2. Re-appointment of Sri. Justice S Jagadeesan, Sri. S Vijayaraghavan, Sri. Arvind Nandagopal, Sri. R Krishnan as Directors of the Company, liable to retire by rotation. 3. Re-appointment of M/s. CNGSN & Associates, Chartered Accountants, Chennai as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on such remuneration, terms & conditions. 4. Appointment of Sri. Sadayavel Kailasam as Directors of the Company whose office shall be liable to retirement by rotation. (As Per BSE Announcement Website dated on 12.10.2010) 
23-Dec-09
AGM 23/12/2009 Binny Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on December 23, 2009, inter alia, have accorded to the following: 1. Adoption of the Directors' Report, Balance Sheet as at September 30, 2009, Profit and Loss Account for the 18 months period ended on that date, Cash Flow statement and Balance Sheet Abstract and the Auditors Report thereon together with the consolidated Financial Statement. 2. Re-appointment of Sri. M. Nandagopal, Sri. R. Narayanan, Sri. S. Natarajan & Sri. K. Sundareswaran as Directors of the Company, liable to retire by rotation. 3. Re-appointment of M/s. CNGSN & Associates, Chartered Accountants, Chennai as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting on such remuneration, terms & conditions. (As Per BSE Announcement Website dated on 07.01.2010) 
26-Sep-08
AGM 26/09/2008 Binny Ltd has informed BSE that the members at the 39th Annual General Meeting (AGM) of the Company held on September 26, 2008, inter alia, have accorded the following: 1. Adoption of the Directors Report, Balance Sheet as at March 31, 2008, Profit and Loss Account for the year ended on that date, cash flow statements, Balance Sheet Abstract and the Auditors Report thereon together with the consolidated financial statements. 2. Re-appointment of Sri. M Ethurajan, Sri. M E Shanmugam, Sri. V R Venkataachalam, Sri. Natarajan Nandhagopal & Sri. Arvind Nandagopal as Directors of the Company, liable to retire by rotation. 3. Re-appointment of M/s. CNGSN & Associates, Chartered Accountants, Chennai as Statutory Auditors of the Company to hold the office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms & condition. 4. Increase the authorised share capital of the Company from Rs 187 Crores (Rupees One hundred and Eighty Seven crores) to Rs 257 Crores, (Rupees Two hundred and Fifty Seven crores) divided Into: 2,28,20,000 Equity shares of Rs 5 each 11,80,000 - 9.75% Cumulative Redeemable Preference shares of Rs 5 each 49,00,00,000 Cumulative Redeemable Preference shares, of Rs 5 each with dividend, rate to give a yield not higher than that of SBI's PLR rate of Interest, after considering tax benefits, if any and consequential amendment in the Memorandum & Articles of Association of the Company. 5. Authority to the Board to issue and allot in one or more trenches, up to a maximum of 49,00,00,000 (Forty Nine Crores), cumulative redeemable preference shares of Rs 5 each, with a dividend rate to give a yield not higher than that of SBI?s PLR rate of interest, after considering tax benefits if any, amounting to Rs 245 Crores (Rs Two hundred and Forty Five Crores) on private placement basis to the promoters, their nominees and their associate companies / bodies corporate from and out of money brought in or proposed in by the promoters as unsecured loan and on such other terms and conditions as may be decided by the Board. 6. Re-appointment of Mr. M Ethurajan as a Whole Time Director designated as Executive Chairman of the Company for a further period of five years commencing from January 09, 2008, on remunerations, terms & conditions. (As per BSE Announcement dated on 22/10/2008) 

EGM

10-Mar-10
Binny Ltd has informed BSE that pursuant to an order dated February 01, 2010 the Hon'ble High Court has directed that a meeting of Equity Shareholders of the Company will be held on March 10, 2010, for the purpose of considering, and, if thought fit, approving with or without modifications, the Scheme of Arrangement proposed to be made between M/s. Binny Ltd. (Demerged Company) and M/s. S.V. Global Mill Ltd. (Resulting Company-I) and M/s. Binny Mills Ltd. (Resulting Company- II) and their respective shareholders and creditors. With reference to the earlier announcement, Binny Ltd has informed BSE that the Hon'ble High Court of Madras vide their Order dated February 01, 2010 has fixed Court convened Extraordinary General Meeting of Shareholders on March 10, 2010 to consider and approve the Scheme of Arrangement. (As Per BSE Announcement Dated on 20/02/2010) Binny Ltd has informed BSE the equity shareholders of the Company at its Court Convened Meeting held on March 10, 2010, inter alia, has approved the following resolutions: 1. The following resolutions for modification were carried both in number of equity shareholders attended and voted and value of equity shares : -The following sentence be inserted at the end of Clause 5.20 of the Scheme of Arrangement 'The shares allotted pursuant to the scheme shall remain frozen in the depositories system till listing / trading permission is given by the designated stock exchange' - The words 'One hundred and thirty eight' be substituted in 5.7.1 (c) in place of 'One thousand and thirty eight'. 2. The following resolutions was carried both in number of equity shareholders attended and voted and value of equity shares : - Subject to such approvals as may be necessary from the Hon'ble High Court of Judicature at Madras under Section 391 to 394 and other applicable provisions, if any, of the Companies Act, 1956 and such other statutory or other authorities, the Scheme of Arrangement amongst M/s. Binny Ltd (Demerged Company) and M/s. S V Global Mill Ltd (Resulting Company-1) and M/s. Binny Mills Ltd (Resulting Company II) and their respective shareholders and creditors as amended by the shareholders (a copy of which is placed before the meeting and for the purpose of identification initialed by the Chairman of the meeting) be and is agreed and approved. (As Per BSE Announcement Website dated on 16.03.2010) 
24-Sep-05
EGM 24/09/2005 The company has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 24, 2005, inter alia, have accorded to the following: 1. Increased in Authorized Share Capital of the Company from Rs 1000 million to Rs 1870 million divided into: a. 2,28,20,000 equity share of Rs 5/- each. b. 11,80,000 Cumulative Redeemable Preference Shares of Rs 5/- each with dividend rate at 9.75 percent per annum payable by the Company. c. 35,00,00,000 Cumulative Redeemable Preference Shares of Rs 5/- each. and consequential amendment in Memorandum and Article of Association of the Company. 2. Authority to the Board to issue and allot, up to a maximum of 35,00,00,000 Cumulative Redeemable Preference shares of Rs 5/- each, with a dividend rate to give a yield not higher than that of SBI's PLR rate of interest, after considering tax benefits if any, amounting to Rs 1750 million on private placement basis to the Promoters, their nominees and theirassociate Companies / Bodies Corporate, subject to necessary approvals. (As per BSE Bulletin dated on 02/11/2005) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Maha.Shree Umaid 241.06 5.93 0.38 0.79 2.8 4.0 0.26
Madura Coats 235.15 33.86 0.65 5.89 -3.1 1.5 0.01
Ruby Mills 175.52 7.34 0.84 7.74 37.9 12.8 3.22
Mafatlal Inds. 108.65 13.44 0.36 0.00 -1.1 -4.6 0.09
Khatau Makanji 105.67 128.98 11.77 0.00 0.2 0.2 0.13
Lakshmi Mills 100.29 0.00 6.96 156.03 0.0 0.0 4.39
Maxwell Inds. 90.11 31.73 1.03 8.51 -0.6 7.9 0.87
Binny 85.04 25.07 0.69 28.39 1.8 1.0 0.16
Loyal Textile 69.41 0.00 0.64 6.63 -1.8 5.5 5.88
JCT 31.96 0.00 9.89 23.03 0.0 0.0 6.66
Rai S R Mohota 28.98 151.09 1.34 0.00 0.0 0.0 3.52
Surat Textile 27.54 3.65 0.36 0.96 -1.0 2.9 0.25
Premier Mills 23.98 0.00 0.29 0.00 17.1 13.6 1.32
Bengal Tea & Fab 23.90 2.09 0.46 29.59 -31.1 -6.7 1.80
W I Cottons 18.87 238.67 -596.67 0.00 0.0 0.0 0.00

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Key Information

Key Executives:

M Ethurajan , Executive Chairman 

M Nandagopal , Director 

R Narayanan , Director 

S Natarajan , Director 


Company Head Office / Quarters:
106 Armenian Street,
Post Box No-66,
Chennai,
Tamil Nadu-600001
Phone : 91-44-25389361
Fax : 91-44-25389034
E-mail : binny.chennai@vsnl.com
Web : http://
Registrars:
Cameo Corporate Services Ltd
Subramanian Building
V Floor
1 Club House Road
Chennai - 600 002

Fund Holding

 
Scheme Name No. of Shares
No data found

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