What is happening with Meghmani Organics?

What is happening with Meghmani Organics?

MEGHMANI ORGANICS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2021 ,inter alia, to consider and approve Meghmani informs that the meeting of the Board of Directors will be held on Wednesday 5th May, 2021, at Meghmani House, B/h Safal Profitaire, Corporate Road.

When meghmani will be listed again?

Meghmani informs that the trading window for dealing in securities of the Company by all Insiders, Directors, Promoters and Designated Employees of the Company, stands closed from 1st April, 2021 and will be re-opened 48 hours after the submission of the Audited Financial Results of the Company for the quarter and …

Why is meghmani suspended?

Meghmani Organics Limited Shares of Meghmani Organics Limited shall be suspended w.e.f. May 18, 2021 (i.e. closing hours of trading on May 17, 2021) on account of Scheme of Amalgamation and Arrangement with Meghmani Organochem Limited and with Meghmani Finechem Limited.

Is meghmani a good buy?

The brokerage has a ‘Buy’ rating on the stock with a target price of Rs 34. The stock has rallied nearly 15 per cent since then. The stock still has an upside of 92 per cent from its closing price of Rs 17.72 in previous session. “Meghmani stock has been trading at lower 1-year forward EV/EBITDA multiple of ~3.9x.

What is composite scheme of arrangement?

The composite scheme of arrangement (“Scheme”) amongst the Demerged/ Transferor Company, the Resulting Company and the Transferee Company and their respective shareholders and creditors is presented under Sections 230 to 232 read with Section 52 and other applicable provisions of the Act (as defined hereinafter) read …

What is scheme of arrangement 3i Infotech?

This scheme of arrangement (“Scheme”) provides for the reduction of share capital of the Company (as defined hereinunder) and subsequent consolidation of the face value of the equity shares of the Company pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Com panies Act, 2013.

Will 3i Infotech delisting?

We would like to clarify that equity shares of 3i Infotech Limited, listed on BSE and NSE are not getting delisted. This does not amount to Delisting of shares of the Company. The trading will resume after completion of necessary corporate actions by the Company and the listing approvals issued by the stock exchanges..

Where is the corporate identification number of meghmani Industries Limited?

The Corporate Identification Number (CIN) of Meghmani Industries Limited is U29199GJ1993PLC019013. The registered office of Meghmani Industries Limited is at Plot No. 27, PHASE-I., G.I.D.C Industrial Estate, Vatva,, AHMEDABAD, Gujarat.

When did meghmani dyes and intermediates Ltd start?

Expanding the business and diversifying the product range, Meghmani Dyes and Intermediates Ltd was started in 1979. From this humble beginning, Meghmani Group evolved into a prominent manufacturer of Chemical products In the country and established as leading brand name internationally with a strong customer base in over 60 countries.

When does meghmani submit certificate under Regulation 74 ( 5 )?

Meghmani submits Certificate Under Regulation 74 (5) of Securities and Exchange Board of India (Depositories and Participants) Regulation, 2018 for the quarter ended 31.03.2021. Board Meeting Intimation for Intimation Of Board Meeting Date – 5Th May, 2021.

When is FY20 financial year for meghmani organics?

*FY20 reported figures in MOCL are for the period 15th Oct. 2019 to 31st March 2020. However, for performance comparison full year figures are considered as Agrochemicals and Pigment business is demerged from MOL to MOCL on going concern basis. What caused the drop in the Q4 revenue of Meghmani Organics?