Corporate Announcement to Bombay Stock Exchange.
Vinati Organics Limited, Script No. 524200.
Dec 29, 2009
VOL ranked amongst the Top 10 Fastest Growing Companies in India for 2009 by The Economic Times ( Click here)
Nov 1, 2009
Coverage of VOL in Business India [ November 2009 edition ] ( B. I -paper Click here)–( B. I -paper Click here)
Oct 21, 2009
Corporate Announcement Released [ BSE ] ( Click here)
Oct 21, 2009
Press Release [ Vinati organics ] ( Click here )
Oct 10, 2009
Leader's Speak Segment [ Ms. Vinati Saraf ] ( Click here)
Oct 10, 2009
VOL ranked #14 amongst the Top 100 Fastest Growing Small Companies in India for the year
2009 by Economic Times Intelliegence Group
( e-paper Click here)–( e-paper 2 Click here)
Sep 7, 2009
The Economic Times, Mumbai [ ET Investor's Guide ] ( e-paper Click here )
Sep 7, 2009
The Economic Times, Mumbai [ Gujarati ] ( e-paper Click here )
July 30, 2009
Announcement:Vinati Organics Ltd has informed BSE that the Company's Equity Shares have been listed on National Stock Exchange India Ltd (NSE) w.e.f. July 28, 2009.
July 24,2009
Announcement:Vinati Organics Ltd has informed BSE regarding a Press Release related to financial results for the quarter ended on June 30, 2009.Attachment [ Click here for more details ]
July 24,2009
Subject : Vinati Organics Board recommends Stock Split
Announcement: Vinati Organics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2009, inter alia, has recommended to sub-divide face value of Equity Shares from Rs 10/- at present to Rs 2/-. Further, the Board of Directors postponed granting of Employee Stock Options.
July 24,2009
Subject : Vinati Organics - Financial Results for Jun 30, 2009
Announcement:Vinati Organics Ltd has informed BSE about the financial results for the Quarter ended June 30, 2009 [ Click here for more details ]
July 16,2009
Subject : Vinati Organics Board to consider Stock Split
Announcement:Vinati Organics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 24, 2009, to take on record the unaudited financial result for the quarter ended June 30, 2009 and to consider grant of employee stock options to eligible employees as per ESOP 2008 Scheme and also to consider the splitting of existing equity shares of face value of Rs 10/- each.
June 16, 2009
Published in Economic Times ( e-paper ).
Vinati Organics uses innovative methods to create wealth from waste while reducing environmental pollution – Case Study.
May 22, 2009
This is to inform you that the Board of Directors decided at its meeting held on 19.05.2009 to appoint Mr. Mohit Mutreja as additional director of the Company, subject to approval from his present employer.
Now the company has received the same and we hereby confirm the appointment of Mr. Mohit Mutreja as additional director upto ensuing Annual General Meeting.
May 20, 2009
Vinati Organics Limited is backward integrating into manufacture of Isobutylene (IB) which is a key raw material for 2-Acrylamido 2 Methyl Propane Sulfonic Acid (ATBS).Currently Isobutylene is imported from Europe & Taiwan in pressurized tanks. Thus VOL will be saving significant logistics costs. Budgetary cost for the above project is Rs.40 Crores and the project is expected to go on stream by end of financial year 2009-2010.
May 19, 2009
The Company has decided to set up a 12000 TPA capacity Isobutylene Plant. Isobutylene is used as starting raw material for the manufacture of 2-Acrylamido 2 Methyl Propane Sulfonic Acid (ATBS). Currently there is a single manufacturer of Isobutylene in India. Current demand of Isobutylene in the country exceeds the installed capacity for the product. Isobutylene is being currently imported in fairly large quantities. The import of Isobutylene is from USA, China & Taiwan etc.
Isobutylene being a compressed gas has to be transported in dedicated pressurized containers. Logistics of the process demand hiring of above pressurized containers on dedicated basis and the containers travel empty one side. Cost of hiring and transporting thus becomes prohibitive.
VOL’s proposed Isobutylene plant will not only cater to captive requirements but also grab market share from the existing supplier as well as act as import replacement. Budgetary cost for the above project is Rs.40 Crores and the project is expected to go on steam by end of financial year 2009-2010.
May 19, 2009
This is to inform you that Shri Vinod Saraf has relinquished the post of Chairman of the Company and in his place Shri Girish M. Dave has been appointed as Non-Executive Chairman of the Company with immediate effect.
The Board of Directors has also decided to appoint following additional directors:
- Ms. Viral V. Saraf
- Mr. Anandkumar Tibrewala
The Board also decided to appoint Ms. Viral V. Saraf as Director (Corporate Strategy) of the Company for a period of five years from today i.e. 19.05.2009 to 18.05.2014 subject to rectification at the ensuing Annual General Meeting.
May 19, 2009
Audited Financial Results for the Quarter ended 31st March 2009
We enclose our Company’s Audited Financial Results for the Quarter ended 31st March 2009. The same have already been arranged to be published in two newspapers as per the requirements of Clause 41 of the Listing Agreement.
The said results were taken on record by the Board in its meeting held on 19th May 2009, which was intimated, to you earlier.
May 19, 2009
Consider and Approve the Final Accounts, Payment of Dividend and Fixing of Record Date.
In terms of Clause 20 of the Listing Agreement, the Board of Directors of the Company considered and approved on 19th May 2009 the accounts to be recommended for adoption and approval by the members at the forthcoming Annual General Meeting. The highlights of the Financial Statement are given below as required by you under the above Clause: -
| |
(Rs. in Lacs) |
| Particulars |
Current year ended 31.3.2009 |
Previous year ended 31.3.2008 |
| Total Turnover |
20347.14 |
16135.58 |
| Gross Profit |
3845.06 |
2935.90 |
| Interest |
328.86 |
325.93 |
| Provision for Depreciation |
327.44 |
295.36 |
| Prelim. Exp. Written off |
0.00 |
0.00 |
| Provision for Taxation (including Deferred) |
680.66 |
799.10 |
| Tax paid for earlier years |
(4.73) |
(4.26) |
| Net Profit |
2512.83 |
1519.77 |
The Board also considered & recommended the payment of dividend of 25% i.e. Rs.2.50 per Equity Share for the financial year 2008-2009 and the book closure is fixed from 10th September 2009 to 19th September 2009 (both days inclusive).
May 19, 2009
Notice for book closure
In terms of Clause 16 of the Listing Agreement, we have to inform you that the Register of Members of the Company shall remain closed from 10th September 2009 to 19th September 2009 (both days inclusive).
The Annual General Meeting of the Company shall be held on Saturday the 19th September 2009 at the Registered Office of the Company at B-12 & B-13/1, M.I.D.C. Industrial Area, Mahad – 402 309, Dist Raigad, Maharashtra at 12.30 P.M. to transact the business mentioned in the Notice.
This is for your information and record. Please inform your members accordingly.
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