Skipper Ltd Share Price Skipper

53.25

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52.85

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Purpose AGM Date Announcement Date Book Closure Start Date Book Closure End Date
Board Meeting - 05-Aug-2019 - -
Skipper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2019 ,inter alia, to consider and approve and take on record the Standalone and Consolidated Unaudited Financial Results of the Company for the first quarter ended 30 June 2019. Further, in continuation of letter dated 26 June 2019 regarding closure of trading window for the aforesaid purpose, the Trading Window for trading in Companys securities will continue to remain closed till 14 August 2019 (until expiry of 48 hours after the un-published price sensitive information are submitted to the Stock Exchanges) in terms of the Companys Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons. We are enclosing herewith the copies of advertisements published in Financial Express (All editions) and Ek Din (Kolkata edition) on 6 August 2019 towards intimation of Board Meeting scheduled to be held on Monday, 12 August 2019 in terms of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on record and oblige. (As Per BSE Announcement Dated on 06/08/2019) This is to inform that the Board of Directors of the Company at their meeting held today has inter-alia approved the Unaudited Financial Results (Standalone and Consolidated) of the Company along with the Limited Review Report for the first quarter ended 30 June 2019. The said Unaudited Financial Results along with the Limited Review Report issued by M/s Singhi & Co, Statutory Auditors of the Company are enclosed herewith.The meeting of Board of Directors commenced at 11:45 a.m. and concluded at 02.30p.m. Kindly take the same on record. (As Per BSE Announcement dated on 12/08/2019)
Board Meeting - 15-May-2019 - -
Skipper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2019 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 22 May 2019, inter-alia, to consider, approve and take on record the Standalone and Consolidated Audited Financial Results of the Company for the quarter and year ended 31 March 2019 and to consider and recommend dividend, if any for the financial year 2018-19. Further, in continuation of our letter dated 3 April 2019 regarding closure of trading window for the aforesaid purpose, the Trading Window for trading in Companys securities will continue to remain closed till 24 May 2019 (until expiry of 48 hours after the un-published price sensitive information are submitted to the Stock Exchanges) in terms of the Companys Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons. We request you to kindly take the same on records. This is to inform that the Board of Directors of the Company at their meeting held today has inter-alia approved the the Audited Financial Results (Standalone and Consolidated) of the Company along with Audit Report, for the quarter and year ended 31 March, 2019 and recommended a dividend of 25% (0.25 paise per equity share of Re. 1) for the financial year ended 31 March, 2019. Kindly take the same on record. This is to inform that the Board of Directors of the Company at their meeting held today has inter-alia approved the following: a. The Audited Financial Results (Standalone and Consolidated) of the Company along with Audit Report, for the quarter and year ended 31 March, 2019. b. Recommended a dividend of 25% (0.25 paise per equity share of Re. 1) for the financial year ended 31 March, 2019, subject to the approval of shareholders in the ensuing Annual General Meeting of the Company. Payment of dividend, if declared, shall be made within 30 days from the date of approval by the Shareholders in the Annual General Meeting of the Company. The meeting of Board of Directors commenced at 11:45 a.m. and concluded at 04.05 p.m. Kindly take the same on record. This is to inform that the Board of Directors of the Company at their meeting held today i.e 22 May, 2019 have inter alia re-appointed Sri Sajan Kumar Bnasal as Managing Director of the Company,Sri Sharan Bansal as Whole-Time Director of the Company and Sri Amit Kiran Deb and Smt. Mamta Binani as the Independent Directors of the Company, details of which are mentioned in the enclosure. Kindly take the same on record. This is to inform that the Board of Directors of the Company at their meeting held today i.e 22 May, 2019 have recommended reappointment of M/s Singhi & Co., Chartered Accountants, Kolkata, (Firm Registration No.302049E) as the Statutory Auditors of the Company for a second term of five years commencing FY 2019-20 for the approval of shareholders at the ensuing Annual General Meeting of the Company. Kindly take the same on record. (As Per BSE Aaanouncement Dated on 22.05.2019)
Board Meeting - 02-Feb-2019 - -
Skipper Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2019 ,inter alia, to consider and approve and take on record the Unaudited Financial Results of the Company for the third quarter ended 31 December 2018. In terms of the Companys Code of Conduct to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company by the designated persons will be closed from 04 February 2019 to 13 February 2019 (until expiry of 48 hours after the un-published price sensitive information are submitted to the Stock Exchanges). We request you to kindly take the same on records. This is to inform that the Board of Directors of the Company at their meeting held today, has inter-alia, approved the Unaudited Financial Results of the Company for the third quarter and nine months ended 31 December, 2018. The said Unaudited Financial Results along with the Limited Review Report issued by M/s Singhi & Co, Statutory Auditors of the Company, is enclosed herewith. The meeting of Board of Directors commenced at 12:00 noon and concluded at 03.20 p.m. Kindly take the same on record. This is to inform that the Board of Directors of the Company at their meeting held today, has inter-alia, approved the Unaudited Financial Results of the Company for the third quarter and nine months ended 31 December, 2018. The said Unaudited Financial Results along with the Limited Review Report issued by M/s Singhi & Co, Statutory Auditors of the Company, is enclosed herewith. The meeting of Board of Directors commenced at 12:00 noon and concluded at 03.20 p.m. Kindly take the same on record. We would like to inform you that the Board of Directors of the Company at its meeting held today: a) Re-appointed Sri Devesh Bansal (Din: 00162513) as Whole-Time Director of the Company for a further period of three years from 01 April, 2019 on recommendation of Nomination and Remuneration Committee which is subject to the approval of the members of the Company in the ensuing general meeting. b) Re-appointed Sri Siddharth Bansal (Din: 02947929) as Whole-Time Director of the Company for a further period of three years from 01 April, 2019 on recommendation of Nomination and Remuneration Committee which is subject to the approval of the members of the Company. Sri Devesh Bansal (Din: 00162513) and Sri Siddharth Bansal (Din: 02947929) are not debarred from holding the office of director by virtue of any SEBI order or any other such authority. Kindly take the same on record. (As Per BSE Announcement Dated On 11/02/2019) We are enclosing herewith the copies of publication of Financial Results for the third quarter ended 31 December, 2018, published in Financial Express (All editions) and Ek Din (Kolkata edition) on 12th February 2019 in terms of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the said publication are also available on the website of the Company at www.skipperlimited.com. This is for your information and records. (As Per BSE Announcement Dated On 12/02/2019)
Board Meeting - 05-Nov-2018 - -
SKIPPER LTDhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/11/2018 ,inter alia, to consider and approve Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 13 November 2018, inter-alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the second quarter ended 30 September 2018. In terms of the Companys Code of Conduct to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company by the designated persons will be closed from 06 November 2018 to 15 November 2018 (until expiry of 48 hours after the un-published price sensitive information are submitted to the Stock Exchanges). We request you to kindly take the same on records. We are enclosing herewith the copies of advertisements published in Financial Express (All editions) and Ek Din (Kolkata edition) on 06 November 2018 in terms of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on record and oblige. (As Per BSE Announcement Dated On 06/11/2018) This is to inform that the Board of Directors of the Company at their meeting held today has inter-alia approved the Unaudited Financial Results of the Company for the second quarter ended 30 September, 2018. The said Unaudited Financial Results along with the Limited Review Report issued by M/s Singhi & Co, Statutory Auditors of the Company is enclosed herewith. The meeting of Board of Directors commenced at 11:30 a.m. and concluded at 03.15 p.m. Kindly take the same on record. Mr. Bijay Kumar Sahoo has been appointed as a Chief Financial Officer (CFO) designated as Key Managerial Personnel (KMP) of the Company with immediate effect i.e. November 13, 2018. This is to inform that the Board of Directors of the Company at their meeting held today has inter-alia approved the Unaudited Financial Results of the Company for the second quarter ended 30 September, 2018. The said Unaudited Financial Results along with the Limited Review Report issued by M/s Singhi & Co, Statutory Auditors of the Company is enclosed herewith. The meeting of Board of Directors commenced at 11:30 a.m. and concluded at 03.15 p.m. Kindly take the same on record. (As Per BSE Announcement Dated on 13.11.2018) We are enclosing herewith the copies of publication of Financial Results for the second quarter ended 30 September, 2018, published in Financial Express (All editions) and Ek Din (Kolkata edition) on 14th November 2018 in terms of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the said publication are also available on the website of the Company at www.skipperlimited.com. This is for your information and records. (As Per BSE Announcement Dated on 14.11.2018)
Board Meeting - 31-Oct-2018 - -
With reference to the above, we wish to inform that as a part of cost reduction initiative and optimization of capacity utilization in the markets where the Company holds strong foothold, the Board at its meeting held on 31st October, 2018 has decided to shift the manufacturing facility of the Company situated at Survey no.296/7/8/9, IDA at Bollaram Jinnaram Mandal, Medak District, Telangana - 502325 to NH6, Madhabpur, Post: Uluberia, Howrah - 711303, West Bengal by transfer of plant and machinery and other accessories probably within 31st December, 2018. The said plant belongs to the polymer division of the Company and is based on asset light model wherein the land and building has been taken on lease and the plant and machineries belong to the Company. The above shifting will reduce the fixed cost without reduction in overall capacities of the division which stands at 51,000 MTPA. The Company will continue to serve the southern market through dealers and distribution network supported by the sales & marketing team of the Company. The unit contributed around 27.62 crores (1.35%) in the turnover and 15.06 crores (2.36%) in the net worth of the Company during the financial year ended 31st March, 2018. Kindly take the above information on record. The Board of Directors of the Company at its meeting held today, has considered and approved the Scheme of Arrangement between Skipper Limited (Skipper or Demerged Company) and Skipper Pipes Limited (SPL or Resulting Company) and their respective shareholders and creditors under section 230 to 232 and other applicable provision of the Companies Act, 2013 for Demerger of the Polymer Products Division except Palashbari unit at Assam (Demerged Undertaking) of Skipper into SPL which includes issuance of equity shares by SPL to the equity shareholders of Skipper and for matters consequential, supplemental, and/or otherwise integrally connected therewith. The scheme of demerger is subject to the requisite statutory and regulatory approvals and sanctions by the respective shareholders and creditors of each of the Companies involved in the scheme. The draft scheme shall be submitted to the stock exchanges as per the provisions of the Regulation 37 of the SEBI Listing Regulations. The information in terms of the Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 is annexed herewith. Kindly take the above information on record. Annexure - A Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015. a) Brief details of the division (s) to be demerged; Demerged Undertaking means and includes all the business, undertakings, properties, investments and liabilities of whatsoever nature and kind and where so ever situated of the Demerged Company in relation to and pertaining to the Polymer Products Division (except Palashbari unit at Assam) of the Company on a going concern basis. b) Turnover of the demerged division and as percentage to the total turnover of the listed entity in the immediately preceding financial year / based on financials of the last financial year; Sl No. Particulars Turnover of the Demerged Undertaking as on 31st March, 2018 (in crores) Percentage to the total turnover of the listed entity as on 31st March, 2018 1 Demerged Undertaking 208.96 10.19% c) Rationale for demerger; i) The Demerged Undertaking carried on by Skipper has significant potential for growth. The nature of risk, competition, challenges, opportunities and business methods for the Demerged Undertaking is separate and distinct from the other businesses of the Company. The Demerged Undertaking would become capable of attracting different set of investors, strategic partners, lenders and other stakeholders. ii) Skipper and SPL would have its own management teams, separate Directors, who can chart out their own independent strategies to maximize value creation for their respective stakeholders. The Demerger shall also enable enhanced focus on the operations of the Demerged Undertaking by SPL and the remaining business by Skipper. iii) The demerger will permit increased focus by the respective companies on their respective businesses in order to better meet their respective customers needs and priorities, develop their own network of alliances and talent models that are critical to success. iv) Thus, separation of the Demerged Undertaking by way of this Scheme would lead to significant benefits for both the businesses including: a. Enabling a dedicated management to focus and accelerate growth of the core business unlocking significant value for shareholders; b. Access to varied sources of funds for the rapid growth of both the businesses; c. Greater visibility in the performance of the individual businesses; d. High degree of independence as well as accountability with autonomy for each of the business segment; e. Ensure long term profitability and independent and optimum growth and development of the said businesses and undertakings on the basis of their own strengths and prospects and will facilitate realization of their potential to a fuller extent; f. Pursuant to the issue and allotment of shares by the resulting Company in terms of this scheme, the shareholders of Skipper shall also hold shares in SPL. It gives the shareholders the ability to continue to remain invested in both or either of the two companies giving them greater flexibility in managing and/or dealing with their investments. g. This scheme is in interest of the shareholders, creditors and all other stakeholders of Skipper Limited and shall not in any manner be prejudicial to the interests of shareholders and creditors or general public at large. The restructuring under this scheme would enable focused business approach for the maximization of benefits to all stakeholders and capitalize on the opportunity of growth. d) Brief details of change in shareholding pattern (if any) of all entities; There will be no change in the shareholding of Skipper. Pursuant to the scheme of demerger of the Demerged Undertaking of Skipper into SPL; SPL will issue and allot equity shares to the shareholders of Skipper in the ratio of 1:1 and all the pre scheme equity shares issued by the Resulting Company to its existing shareholders shall stand cancelled, extinguished and annulled on and from the Effective Date. e) In case of cash consideration - amount or otherwise share exchange ratio; 1 (one) equity share of Re. 1/- (Rupee One Only) each of SPL credited as fully paid up for every 1 (one) equity share held by the shareholders of Skipper as on the record date to be decided by Skipper. No cash consideration to be paid by SPL to shareholders of Skipper. f) Whether listing would be sought for the resulting entity; Yes, the equity share of the Skipper Pipes Limited will be listed on BSE Limited and National Stock Exchange of India Limited subject to necessary approvals. (As Per BSE Announcement Dated on 02.11.2018)
Board Meeting - 01-Oct-2018 - -
We would like to inform you that the Board of Directors of the Company at its meeting held on 30th September, 2018 appointed Sri Pramod Kumar Shah (Din: 00343256) as Additional Non-Executive Director (Independent Category) of the Company for a period of five years effective 30th September, 2018, subject to the approval of the members of the Company. We further affirm that Sri Pramod Kumar Shah (Din: 00343256) is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. Kindly take the same on record. With reference to the above, we wish to inform that as a part of cost reduction initiative and optimization of capacity utilization in the markets where the Company holds strong foothold, the Board at its meeting held on 30th September, 2018 has decided to shift the manufacturing facility of the Company situated at Plot No - 5, UPSIDC, Industrial Area, G.T Road No - 91, Sikandrabad, Dist - Bulandshahar- 203206, Uttar Pradesh to NH6, Madhabpur, Post: Uluberia, Howrah - 711303, West Bengal by transfer of plant and machinery and other accessories probably within 31st December, 2018. The said plant belongs to the polymer division of the Company and is based on asset light model wherein the land and building has been taken on lease and the plant and machineries belong to the Company. The above shifting will reduce the fixed cost without reduction in overall capacities of the division which stands at 51,000 MTPA. The Company will continue to serve the northern market through dealers and distribution network supported by the sales & marketing team of the Company. The unit contributed around 173.68 million (0.85%) in the turnover and 123.66 million (1.94%) in the net worth of the Company during the financial year ended 31st March, 2018. Further, the Board has entrusted the management to explore and bring on table more options and strategies for better synergies and overall cost reductions of the polymer division. Kindly take the above information on record. (As Per BSE Announcement Dated on 01.10.2018)