Wimco Ltd


BSE: 500950 | NSE: WIMCOLTD | ISIN: INE333A01025 
Market Cap: [Rs.Cr.] 483 | Face Value: [Rs.] 1
Industry: Chemicals

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Board Meet

27-Jul-05 
Quarterly Results Postponed (As per Board Decision BSE Bulletin dated on 04/08/2005) 
21-Jun-05 
Accounts 
31-Jan-05 
Quarterly Results 
28-Oct-04 
Quarterly Results 
27-Aug-04 
Reduction of Capital from Rs.10 to Re.1/- per share and to utilise the amount so reduced for setting off the losses to the extent of Rs.46.80 crores out of total accumalated losses of Rs.53.24 crores as on 31-03-2004. (As per Board Decision BSE bulletin dated 27/08/2004)  

AGM

09-Sep-05
The company has informed that the members at the 82nd Annual General Meeting (AGM) of the Company held on September 09, 2005, inter alia, have accorded to the following: 1. Adoption of Balance Sheet as at March 31, 2005, the Profit & Loss Account of the Company for the financial year ended on that date, together with the Schedules and Notes as annexed thereto, Reports of the Directors and Auditors Reports. 2. Re-appointment of Mr. C R Dua as Director of the Company, liable to retire by rotation. 3. Appointment of M/s BSR & Co. (formerly, M/s Bharat S Raut & Co), Chartered Accountant, Mumbai, as Auditors of the Company to hold office from the conclusion of this AGM till the conclusion of the next AGM of the Company. 4. Appointment of Mr R Srinivasan, Mr R Tondon, Mr R K Singhi, Mr D Dutta and Mr R L Auddy as Directors of the Company, liable to retire by rotation. 5. Authorised the Board to keep the Registers and Index of Members and copies of Annual Returns at the office of Karvy Computershare Pvt Ltd, the Registrars and Share Transfer Agents of the Company, subject to necessary provisions. 
30-Sep-04
Wimco Ltd. has informed the Exchange that at its meeting held on August 27, 2004 the BOD approved the proposal for reduction in nominal and paid up value of equity sharesfrom Rs.10 to Re.1 per share and to utilise the amount so reduced for setting off the losses to the extent of Rs.46,80,00,000 out of total accumulated losses of Rs.53,23,76,217 as on March 31, 2004. The above proposal is subject to approval by the shareholders at the forthcoming AGM scheduled on September 30, 2004 and the Bombay High Court The company has informed that at the AGM held on September 30, 2004 the members approved the reduction in nominal and paid up value of Equity Shares from Rs 10 to Re 1 per share fully paid and to utilise the amount so reduced for setting off the losses to the extent of Rs 46,80,00,000 out of the total accumulated losses of Rs 53,23,76,317 as on March 31, 2004 and the consequential amendments in the Capital clauses of MoA & AOA of the Company subject to confirmation by the Bombay High Court. (As per BSE Bulletin dated on 01/10/2004) Wimco Ltd. has informed the Exchange that at its AGM held on September 30, 2004, the shareholders approved the following proposals: (1) The appointment of M/s. Bharat S Raut & Co., Charted Accountants, Mumbai as Auditors of the Company in place of M/s Price Waterhouse. (2) The reduction in nominal and paid up value of Equity Shares from Rs. 10 to Re. 1 per share fully paid and to utilise the amount so reduced for setting off the losses to the extent of Rs. 46,80,00,000 out of the total accumulated losses of Rs. 53,23,76,317 as on March 31, 2004 and the consequental amendments in the Capital Clauses of the Memorandum and Articles of Association of the Company subject to confirmation by the Bombay High Court. A Poll was conducted upon demand made by some of the shareholders for approving the resolutions. As per the reports submitted by the Scrutineers, the resolutions were passed by votes representing 99.97% having casted in favour of the resolutions. (As per NSE bulletin dated on 01/10/2004) 
03-Sep-03
The Company has informed that at the AGM held on 03.09.03, the members have approved the following:- 1) To voluntarily delist the shares from Delhi, UP and Calcutta Stock Exchanges 2)To utilise the sum of Rs 22.66 crores in the Share Premium for setting off the accumulated losses.  

EGM

01-Aug-05
EGM 01/08/2005 To approve: 1. The delisting of the equity shares of the company from The Stock Exchange, Mumbai and National Stock Exchange of India Ltd.pursuant to the delisting offer proposed to be made by Russel Credit Ltd. in terms of the SEBI (Delisting of Securities)Guidelines, 2003. 2. The appointment of Mr. Rajeev Gopal as a Director of the Company and also as Managing Director of theCompany for a period of 3 years w.e.f. 1st July, 2005 with no remuneration to be paid to Mr. Rajeev Gopal by the Company. The company has informed that at the Extra Ordinary General Meeting of the company held on 1st August, 2005, the shareholders approved the following proposals: 1. Delisting of equity shares of the company from The Stock Exchange, Mumbai and National Stock Exchange of India Limited pursuant to the delisting offer proposed to be made by Russell Credit Limited in terms of the SEBI (Delisting of Securities) Guidelines 2003 and 2. The appointment of Mr. Rajeev Gopal as Managing Director of the Companey for a period of 3 years w.e.f. 1st July, 2005 with no remuneration to be paid to Mr. Rajeev Gopal by the Company. (As per BSE Bulletin dated on 02/08/2005) 

Related News

 
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Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Castrol India 16,315.53 36.37 25.13 20.39 71.4 104.3 0.00
Pidilite Inds. 14,516.83 33.40 9.82 17.46 26.6 30.3 0.22
Godrej Inds. 10,570.53 97.33 6.64 28.98 10.0 10.5 0.46
Guj Fluorochem 3,120.61 15.18 1.46 7.96 32.8 38.4 0.37
BASF India 2,552.16 21.18 2.23 11.06 10.0 12.9 0.16
Linde India 2,139.25 99.15 1.61 15.35 4.1 4.0 0.75
Solar Inds. 1,602.48 20.83 4.69 15.37 24.5 22.9 0.75
Clariant Chemica 1,277.28 13.54 2.55 10.23 20.5 27.7 0.00
Aarti Inds. 744.12 7.20 1.45 4.42 18.2 16.0 1.20
Gulf Oil Corpn. 645.47 13.20 1.60 7.70 10.5 9.1 0.57
Tide Water Oil 642.71 11.27 2.10 6.36 20.9 28.7 0.00
Wimco 482.78 0.00 74.28 0.00 0.0 0.0 0.10
Vivimed Labs. 473.61 12.26 1.39 10.64 18.8 13.6 1.19
India Glycols 424.15 2.15 0.77 5.67 22.6 13.0 3.77
Citurgia Biochem 417.96 0.00 -236.12 0.00 0.0 0.0 3.52

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Key Information

Key Executives:

Kurush Noshir Grant , Chairman 

Ramendra Lal Auddy , Director 

Chittaranjan Dua , Director 

Dipak Kumar Dutta , Director 


Company Head Office / Quarters:
Indian Mercantile Chambers,
R Kamani Marg Ballard Estate,
Mumbai,
Maharashtra-400001
Phone : 91-22-66316600
Fax : 91-22-56314525
E-mail : surendra.sipani@itc.in
Web : http://
Registrars:
Karvy Computershare Pvt Ltd
7 Andheri Indl Estat
Off Veera Desai Rd
Andheri (West)
Mumbai - 400053

Fund Holding

 
Scheme Name No. of Shares
No data found

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