G G Dandekar Machine Works Ltd


BSE: 505250 | NSE: NA | ISIN: INE631D01026 
Market Cap: [Rs.Cr.] 20 | Face Value: [Rs.] 1
Industry: Engineering

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Board Meet

28-May-13 
Audited Results GG Dandekar Machine Works Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 28, 2013, inter alia, for taking on record Audited Financial Result for the quarter and year ended March 31, 2013 and also consider recommendation of final dividend, if any, for the year 2012-13 to the shareholders of the Company, subject to the approval of the shareholders in the Annual General Meeting. (As per BSE Announcement Dated on 23.05.2013) GG Dandekar Machine Works Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, has transacted the following: 1. The Board of Directors has decided not to recommend any Dividend for the financial year 2012-13. 2. Mrs. Prajakta V. Gokhale has resigned from the post of Company Secretary and Board of Directors accepted her resignation and decided to relieve her. 3. The Board of Directors of the Company has appointed Ms. Jayata D. Dashottar as Company Secretary and Joint Compliance Officer alongwith Mr. Pranav V. Deshpande, Executive Director & Compliance Officer. (As per BSE Announcement Dated on 28.05.2013) 
20-Mar-13 
GG Dandekar Machine Works Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on March 20, 2013, noted and approved the Share Purchase Agreement to be entered into with Casper Trading Limited, re-registered under British Virgin Islands, for sale of its Investments, made in the share capital of G G Dandekar Investments Pte Ltd., wholly owned subsidiary of the Company. With reference to the earlier announcement dated March 20, 2013 regarding Outcome of Board Meeting held on March 20, 2013, GG Dandekar Machine Works Ltd has now informed BSE that in the said announcement, due to inadvertence, the Sale Consideration was not mentioned, hence the Company has now informed the revised Outcome of Board Meeting held on March 20, 2013 as follows: - The Board of Directors of the Company in its Meeting held on March 20, 2013, noted and, approved the Share Purchase Agreement to be entered into with Casper Trading Limited, re-registered under British Virgin Islands, for sale of its Investments, made in the share capital of GG Dandekar Investments Pte Ltd., wholly owned subsidiary of the Company. The consideration for the same is Euro 10,27,000/- (Euro Ten Lacs Twenty Seven Thousand only). 
31-Jan-13 
Quarterly Results 
10-Nov-12 
Quarterly Results GG Dandekar Machine Works Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 10, 2012, has appointed Mr. Madhav R. Chandrachud as an Additional Director on the Board of the Company. (As per BSE Announcement Dated on 30.11.2012)  
10-Aug-12 
Quarterly Results & Audited Results 

AGM

28-Sep-12
GG Dandekar Machine Works Ltd has informed BSE regarding the details of Voting results at the Annual General Meeting of the Company held on September 28, 2012, under Clause 35A. GG Dandekar Machine Works Ltd has informed BSE that the 73rd Annual General Meeting (AGM) of the Company was held on September 28, 2012. (As per BSE Announcement Dated on 12.10.2012)  
28-Sep-11
AGM 28/09/2011 GG Dandekar Machine Works Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 28, 2011 inter alia, have considered and approved the following matters by show of hands: 1. Particulars : To receive, consider and adopt the Audited Profit and Loss Account for the Financial Year ended March 31, 2011, the Balance Sheet as at that date and the Reports of the Board of Directors and Auditors thereon. - Passed by : Ordinary Resolution 2. Particulars : To declare dividend on equity shares for the financial year ended on March 31, 2011. - Passed by : Ordinary Resolution 3. Particulars : To appoint a Director in place of Ms. Aditi V Chirmule, who retires by rotation and being eligible, offers himself for re-appointment - Passed by : Ordinary Resolution 4. Particulars : To appoint a Director in place of Mr. Jeetendra M Shende, who retires by rotation and being eligible, offers himself for re-appointment - Passed by : Ordinary Resolution 5. Particulars : To re-appoint Auditors of the Company, for the period commencing from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting and to fix their remuneration. - Passed by : Ordinary Resolution 6. Particulars : To substitute the Clause 2 of Memorandum of Association of the Company by the new Clause 2 - Passed by : Ordinary Resolution 7. Particulars : To waive the recovery of the excess remuneration of Rs 1,43,150/- paid to Mr Jeetendra M Shende during the F.Y. 2010-11. - Passed by : Special Resolution 8. Particulars : To Consider restructuring of remuneration of the Mr. Jeetendra M Shende, Executive Director in view of his invaluable contribution to the Company. - Passed by : Special Resolution (As Per BSE Announcement Dated on 29.09.2011) 
12-Aug-10
AGM 12/08/2010 GG Dandekar Machine Works Ltd has informed BSE that the members at the 71st Annual General Meeting (AGM) of the Company held on August 12, 2010, inter alia, have considered and approved the following matters by show of hands: 1. Particulars : To receive, consider and adopt the Audited Profit and Loss Account for the Financial Year ended March 31, 2010, the Balance Sheet as at that date and the Reports of the Board of Directors and Auditors thereon. - Passed by : Ordinary Resolution 2. Particulars : To declare dividend on equity shares for the financial year ended on March 31, 2010. - Passed by : Ordinary Resolution 3. Particulars : To appoint a Director in place of Mr. Atul C Kirloskar, who retires by rotation and being eligible, offers himself for re-appointment - Passed by : Ordinary Resolution 4. Particulars : To appoint a Director in place of Mr. Nihal G. Kulkarni, who retires by rotation and being eligible, offers himself for re-appointment - Passed by : Ordinary Resolution 5. Particulars : To re-appoint Auditors of the Company, for the period commencing from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting and to fix their remuneration. - Passed by : Ordinary Resolution 6. Particulars : To Consider restructuring of remuneration of the Mr. Jeetendra M Shende, Executive Director in view of his invaluable contribution to the Company. - Passed by : Ordinary Resolution (As Per BSE Announcement Dated on 13.08.2010) GG Dandekar Machine Works Ltd has informed BSE that the members at the 71st Annual General Meeting (AGM) of the Company held on August 12, 2010, inter alia, have also accorded to the following: 1. Adoption of the Companys audited Profit & Loss Account for the Financial Year ended March 31, 2010, the Balance Sheet as at that date and the reports of the Board of Directors and Auditors thereon. 2. Declaration of the final dividend at the rate of Rs. 3 per share (300%) on equity shares for the year ended March 31, 2010. 3. Re-appointment of Mr. Atul C Kirloskar & Mr. Nikhl G Kulkarni as Directors of the Company. 4. Appointment of M/s. Joshi S Kulkami, Chartered Accountants, Pune as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting up to the conclusion of the next Annual General Meeting of the Company upon such remuneration, terms & conditions. 5. Approved with effect from April 1, 2009 till the balance tenure, following emuneration shall be payable to Mr. Jeetendra M Shende who was appointed as an executive Director of the Company for a period of 5 years with effect from January 21, 2009 (vide resolution passed by the Board of Directors in their meeting dated January 21, 2009 the resolution), PROVIDED HOWEVER that the proposed increase or any further increase during the tenure, shall at all times, remain within the limits prescribed under Part II of Schedule Xffl of the Companies Act 1956, subject to necessary terms & conditions. (As Per BSE Announcement Website dated on 07.09.2010) 
30-Jul-09
AGM 30.07.2009 GG Dandekar Machine Works Ltd has informed BSE that the Annual General Meeting (AGM) of the members of the Company will be held on July 30, 2009, inter alia, to transact the following business: 1. To receive, consider and adopt the Audited Profit and Loss Account for the Financial Year ended March 31, 2009, the Balance Sheet as at that date and the Reports of the Board of Directors and Auditors thereon. 2. To declare final dividend on equity shares for the Financial Year ended on March 31, 2009. 3. To appoint a Director in place of Mr. Dattatraya R Swar & Mr. Vinod R Sethi, who retires by rotation and being eligible, offers themselves for re-appointment. 4. To appoint M/s. Joshi & Kulkarni, Chartered Accountants, Pune, as Statutory Auditors of the Company, to hold office as such from the conclusion of this meeting until conclusion of the next Annual General Meeting, in place of M/s. P D Ghanekar & Co., Chartered Accountants, Mumbai, on remuneration, terms & conditions. 5. To appoint Mr. Jeetendra M Shende as a Director of the Company, liable to retirement by rotation. 6. To appoint Mr. Jeetendra M Shende as an Executive Director of the Company for a period of 5 (five) years with effect from January 21, 2009, on remuneration, terms & conditions. 7. Do pay to a Director who is neither in the Whole-time employment of the Company nor a Managing Director and if there are more than one such Directors, to all of them together, remuneration by way of commission at the rate of 1% (One percent) of the net profits of the Company computed in the manner laid down in Sections 349 and 350 of the Companies Act, 1956. (As Per BSE Announcement Website dated on 06.07.2009) GG Dandekar Machine Works Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 30, 2009, inter alia, have accorded to the following: 1. To receive, consider and adopt the Audited Profit and Loss Account for the Financial Year ended March 31, 2009, the Balance Sheet as at that date and the Reports the Board of Directors and Auditors thereon. 2. To declare dividend on equity shares for the financial year ended on March 31, 2009. 3. To appoint a Director in place of Mr. Dattatraya R Swar, who retires by rotation and being eligible, offers himself for re-appointment. 4. To appoint a Director in place of Mr. Vinod R Sethi, who retires by rotation and being eligible, offers himself for re-appointment. 5. To appoint Auditors of the Company, in place of retiring Auditors, for the period commencing from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting and to fix their remuneration. 6. To consider and thought fit to pass with or without modifications, the resolution for the appointment of Mr. Jeetendra M Shende as a Director of the Company, who holds office upto the date of this Annual General Meeting of the Company in terms of Section 260 of the Companies Act 1956 7. To consider and thought fit to pass with or without modifications, the resolution for re-designating Mr. Jeetendra M Shende as an Executive Director, pursuant to provisions of Section 198, 269, 309, 310, Schedule XIII and other applicable provisions, if any, of the Companies Act, 1956, read with Articles 110, 112 and 122 and all other applicable clauses of the Articles of Association of the Company. 8. To consider and thought fit to pass with or without modifications, the resolution for pay to a Director who is neither in the Whole-time employment of the Company nor a Managing Director and if there are more than one such Directors, to all of them together, remuneration by way of commission at the rate of 1% (One percent) of the net profits of the Company computed in the manner laid down in Sections 349 and 350 of the Companies Act, 1956. as specified in sub sections (4) and (7) of Section 309 and other applicable provisions, if any, of the Companies Act, 1956. (As Per BSE Announcement Website dated on 31.07.2009) 
21-Jul-08
AGM 21/07/2008 GG Dandekar Machine Works Ltd has informed BSE that the members at the 69th Annual General Meeting (AGM) of the Company held on July 21, 2008, inter alia, have unanimously approved the following: 1. Adoption of Audited Accounts for the year ended March 31, 2008. 2. Declaration of Final Dividend @ 300% (Rs 3 per share of Re 1/- each) for the Financial Year 2007-08. 3. Re-appointment of Mr. Nihal G Kulkarni and Ms. Aditi V Chirmule, who retired by rotation at this meeting, as Directors of the Company. 4. Re-appointment of M/s. P D Ghanekar, Chartered Accountants as Statutory Auditors. 5. Amendment in the Articles of Association of the Company by deleting the redundant provisions and replacing the old provisions with the recently amended provisions. (As Per BSE Announcement Website Dated on 21.07.2008) 

EGM

28-Jan-04
EGM 28/01/2004 1) Subject to the confirmation by the H'ble High Court of Mumbai, the paid up capital of the company be reduced from Rs 5290430/- to Rs 4761387/- by cancellation & repayment to the holders . 2) Subject to confirmation by the H'ble High Court at Mumbai , the amount credited Share Premium Rs 31272542/- be reduced in entirety and paid to the holders. 3) On reduction of the said Shares , the shares be reorganized by Sub-dividing the shares ofthe face value of Rs 9/- each into shares of Re 1/- each. and consequent to the reduction of the share capital necessary alteration be made to the capital Clause of the MoA of the company. The company has informed that at the EGM held on 28.01.04 the shareholders of the company approved the scheme of arrangement for reduction and reorganisation of share capital. (As per BSE Bulletin dated on 28/01/2004) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
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(%)
D/E
(x)
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Alfa Laval (I) 7,166.84 62.98 11.85 0.00 21.0 30.6 0.00
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Va Tech Wabag 1,209.49 13.42 2.24 8.36 17.2 22.2 0.16
Kennametal India 1,025.81 41.41 3.40 17.81 22.9 32.1 0.00
BEML Ltd 680.61 0.00 0.33 15.74 1.8 4.4 0.41
Praj Inds. 667.21 10.08 1.17 10.81 9.7 16.3 0.00
ISGEC Heavy 663.30 10.25 1.22 4.61 12.1 13.6 0.46
Texmaco Rail 606.06 6.43 1.06 7.31 20.2 27.1 0.18
Sulzer India 400.58 70.28 4.52 0.00 6.7 11.4 0.06
Disa India 393.51 22.12 12.38 4.32 45.9 70.8 0.00
Hercules Hoists 350.72 12.29 2.19 8.30 24.6 34.4 0.02
Dynamatic Tech. 345.54 0.00 2.54 11.87 2.1 9.3 2.22
Elecon Engg.Co 319.22 11.14 0.67 5.11 16.6 17.2 1.27
Titagarh Wagons 255.16 10.69 0.40 4.30 13.4 19.2 0.14

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Key Information

Key Executives:

Atul C Kirloskar , Chairman  

Nihal G Kulkarni , Vice Chairman  

Dattatraya R Swar , Director  

Aditi V Chirmule , Director  


Company Head Office / Quarters:
211/A MIDC Buti Bori Indl Est,
Village Kinhi Tal Hingana,
Nagpur,
Maharashtra-441122
Phone :
Fax :
E-mail : ir@ggdandekar.com
Web : http://www.ggdandekar.com
Registrars:
Link Intime India Pvt Ltd
BNo 202 Akshay Compl
Off Dhole Patil Road
Near Ganesh Mandir
Pune-411001

Fund Holding

 
Scheme Name No. of Shares
No data found

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