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Panyam Cement Chairman Speech
BSE:500322 | IND:Others | ISIN code:INE167E01037 | SECT:General
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You can view the entire text of Chairman's speech of Panyam Cements & Mineral Industries Ltd.
Chairman's Speech
Mar 2006
Dear Shareholders(s), August 23, 2006
Re : Subdivision of shares
The members have passed a special Resolution approving the sub-division
of the equity shares of the company, i.e one share of nomial value of
Rs. 100/- into 10 shares of nominal value of Rs.10/- per share, and
consequential alteration in the Memorandum and Articles of Association
of Compnay. The Special Resolution was passed by the Company on
November 24, 2005.
Consequent upon the sub-division, the equity shares with nominal value
of Rs. 10/- per share would be registered in the name of all the
shareholders who hold shares both in electronic form as well as
physical form. The Compnay has fixed September 25, 2006 as the "Record
Date" for this purpose.
The methodology, the Compnay would be pursuing to make available these
shares duly sub-divided would depended on whether the shareholder is
holding shares in physical form or in a dematerialized form. The
detailed procedure is given below;
A. Procedure for shareholders holding existing shares in dematerialized
form
No action for subdivision is required to be taken by shareholders
holding shares in dematerialized from, since the company would ensure
credit of the relevant number of sub-divided shares to the depository
account of all concerned shareholders. Such credit would be effected
soon after September 25, 2006 i.e. the Record Date fixed for this
purpose.
B. Procedure for sharholders holding existing shares in physical form
i) Shareholders who would like to receive the sub-divided shares in
dematerialized form, Shareholders holding the existing equity shares in
physical form and who would like to receive the sub-divided shares in
dematerialized form, are requested to surrender their existing share
certificates to the Companys Share Transfer Agents at their address
mentioned below, along with the enclosed form giving details of their
demat account as mentioned therin, so as to reach them on or before
22nd September 2006. Kindly note that the demat account is required to
be in the identical name and in the same order as the existing
shareholding.
M/s. XL Softech Systems Limited 3, Sagar Society, Road No. 2, Banjara
Hills, Hyderabad-500 034. Phones : 040-23545913/14/15, Fax :
040-23553214, e-mail:[email protected] Website: www.xlsoftech.com
Please also note that for requests received after September 22, 2006,
the Company will have to issue physical share certificates only.
Likewise, if the demat credit is rejected for any reason by the
Depositories, physical share certificates would be issued.
Further, any demat requests received after September 25, 2006 through
the Depository Participants along with the old share certificates,
would be rejected and the demat request forms along with the new share
certificates will be forwarded to the concerned depository participant
for a proper re-submission. Please note that in such cases, all the old
share certificates will be retained by our Share Transfer Agents.
ii) Shareholders who would like to contine to hold the sub-divided
shares in physical form, Shareholders holding the existing equity
shares in physical form and who would like to continue to hold the
sub-divided shares in physical form, would be issued new equity share
certificates in lieu of the old share certificates. The old share
certificates will have to be surrendered to the Companys Share
Transfer Agents at their address mentioned above along with the
enclosed form.
On surrending of the existing share certificates as above, the new
share certificates in respect of the sub-divided shares will be
directly dispatched to the concerned shareholder (s) by the Companys
Share Transfer Agents within 15 days from the date of the shareholder
submitting the old certificates. The concept of Market lot has been
abolished by SEBI and therefore only one Share Certificate for your
entire shareholding would be issued by the Company.
To avoid loss of certificates in postal transit, we recommend that the
old certificates be sent for sub-division by Registered Post or, where
convenient, by hand-delivery, to the Companys Share Transfer Agents.
It is also suggested that the Shareholders may canel the old share
certificates on the face of the share certificates by indicating
"Submitted for exchange of new share certificates"
All communications or queries in connection with sub-division of shares
may be addressed to the Companys Share Transfer Agents.
Vours sincerely For Panyam Cements
& Mineral Industries Limited
S. Sreedhar Reddy
Managing Director
Encl. : As above
Re : Subdivision of shares
The members have passed a special Resolution approving the sub-division
of the equity shares of the company, i.e one share of nomial value of
Rs. 100/- into 10 shares of nominal value of Rs.10/- per share, and
consequential alteration in the Memorandum and Articles of Association
of Compnay. The Special Resolution was passed by the Company on
November 24, 2005.
Consequent upon the sub-division, the equity shares with nominal value
of Rs. 10/- per share would be registered in the name of all the
shareholders who hold shares both in electronic form as well as
physical form. The Compnay has fixed September 25, 2006 as the "Record
Date" for this purpose.
The methodology, the Compnay would be pursuing to make available these
shares duly sub-divided would depended on whether the shareholder is
holding shares in physical form or in a dematerialized form. The
detailed procedure is given below;
A. Procedure for shareholders holding existing shares in dematerialized
form
No action for subdivision is required to be taken by shareholders
holding shares in dematerialized from, since the company would ensure
credit of the relevant number of sub-divided shares to the depository
account of all concerned shareholders. Such credit would be effected
soon after September 25, 2006 i.e. the Record Date fixed for this
purpose.
B. Procedure for sharholders holding existing shares in physical form
i) Shareholders who would like to receive the sub-divided shares in
dematerialized form, Shareholders holding the existing equity shares in
physical form and who would like to receive the sub-divided shares in
dematerialized form, are requested to surrender their existing share
certificates to the Companys Share Transfer Agents at their address
mentioned below, along with the enclosed form giving details of their
demat account as mentioned therin, so as to reach them on or before
22nd September 2006. Kindly note that the demat account is required to
be in the identical name and in the same order as the existing
shareholding.
M/s. XL Softech Systems Limited 3, Sagar Society, Road No. 2, Banjara
Hills, Hyderabad-500 034. Phones : 040-23545913/14/15, Fax :
040-23553214, e-mail:[email protected] Website: www.xlsoftech.com
Please also note that for requests received after September 22, 2006,
the Company will have to issue physical share certificates only.
Likewise, if the demat credit is rejected for any reason by the
Depositories, physical share certificates would be issued.
Further, any demat requests received after September 25, 2006 through
the Depository Participants along with the old share certificates,
would be rejected and the demat request forms along with the new share
certificates will be forwarded to the concerned depository participant
for a proper re-submission. Please note that in such cases, all the old
share certificates will be retained by our Share Transfer Agents.
ii) Shareholders who would like to contine to hold the sub-divided
shares in physical form, Shareholders holding the existing equity
shares in physical form and who would like to continue to hold the
sub-divided shares in physical form, would be issued new equity share
certificates in lieu of the old share certificates. The old share
certificates will have to be surrendered to the Companys Share
Transfer Agents at their address mentioned above along with the
enclosed form.
On surrending of the existing share certificates as above, the new
share certificates in respect of the sub-divided shares will be
directly dispatched to the concerned shareholder (s) by the Companys
Share Transfer Agents within 15 days from the date of the shareholder
submitting the old certificates. The concept of Market lot has been
abolished by SEBI and therefore only one Share Certificate for your
entire shareholding would be issued by the Company.
To avoid loss of certificates in postal transit, we recommend that the
old certificates be sent for sub-division by Registered Post or, where
convenient, by hand-delivery, to the Companys Share Transfer Agents.
It is also suggested that the Shareholders may canel the old share
certificates on the face of the share certificates by indicating
"Submitted for exchange of new share certificates"
All communications or queries in connection with sub-division of shares
may be addressed to the Companys Share Transfer Agents.
Vours sincerely For Panyam Cements
& Mineral Industries Limited
S. Sreedhar Reddy
Managing Director
Encl. : As above
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Chairman's Speech
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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