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| Exchange Received Time 05/09/2017 14:59:41 Exchange Disseminated Time 05/09/2017 14:59:47 Time Taken 00:00:06 | Ref:our ltr dt 4.4.17,25.11.16,1.9.16&2.4.16
Further to our communication in connection with sale of subsidiary Company Trident Sugars Ltd, we would like to submit the following details, as per clause 1.4 of Annexure I of Circular dt 9.9.15 of SEBI:
1)Turnover for the year ended 31.3.15 (Rs lakhs)
Rajshree Sugars & Chemicals Ltd 58,356.91 78.99 %
Trident Sugars Ltd 15,517.32 21.01%
Total 73,874.23 100.00%
2)Networth as at 31.3.15 (Rs.in lakhs)
Rajshree Sugars & Chemicals Ltd 4,759.78 96.80 %
Trident Sugars Ltd 157.43 3.20 %
Total 4,917.21 100.00%
3)Date on which the agreement for sale has been entered into : 31.3.16
4)Date of completion of sale / disposal : 3.4.17
5)Gross consideration was Rs.150 Cr and Net Consideration received was Rs.96.41 Cr, after adjustment for net current assets and existing debts.
6)Name of the buyers: Natems Sugar Private Limited and others, who are not belonging to promoter/promoter group/group companies.
PLEASE REFER THE ATTACHMENT FOR FURTHER DETAILS. |
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