AICHAMP

AI Champdany Industries Limited has informed the Exchange regarding temporary suspension of work at Wellington Jute Mill, Rishra, Hooghly.

AI Champdany Industries Limited has informed the Exchange that on 14.03.2014 Shareholders of the Company approved by postal ballot for sale of one of the units of the Company namely Anglo India Jute Middle Mill located at Jagatdal North 24 Parganas West Bengal and after series of negotiations since then the Company has now entered into a final Sale Agreement on 04.05.2016 with Ms P and A Distilleries Pvt Ltd for sale of above unit at a consideration of Rs.16 Crores. Accordingly the Company has received the consideration money and the unit has been handed over to the buyer on 04.05.2016.

AI Champdany Industries Limited has informed the Exchange that due to acute shortage of raw jute and low productivity Company have declared temporary suspension of work at our Anglo India Jute Mills, Middle Mill, Jagatdal ,with effect from May 2, 2016 till further notification.

AI Champdany Industries Limited has informed the Exchange that due to acute shortage of raw jute and low productivity we have declared temporary suspension of work at our Wellington Jute Mill- Rishra, Hooghly, with effect from 06:00 A.M.- March 26, 2016 till further notification.

AI Champdany Industries Limited has informed the Exchange regarding Disclosure of Information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AI Champdany Industries Limited has informed the Exchange that the Suspension of work of the Anglo India Jute Mill-(Middle Mill), Jagaddal, 24 PGS (N), has been lifted w.e.f. September 14, 2015. The settlement arrived through a Memorandum of Understanding between Management and the Operating Unions of the Unit on September 11, 2015.

AI Champdany Industries Limited has informed the Exchange that the Temporary Suspension of the Yarn Unit- Rishra, has been lifted w.e.f. August 29, 2015, in terms of amicable settlement arrived at Bipartite level between Management and the Functioning Unions of the Unit on August 27, 2015.

AI Champdany Industries Limited has informed the Exchange that due to low productivity Company have declared temporary suspension of work at Company's Yam Unit- Rishra with effect from June 20, 2015 till further notification.

AI Champdany Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 30, 2015, has not recommended any dividend on Equity and Preference shares of the Company.

AI Champdany Industries Limited has informed the Exchange that Shri G J Wadhwa has stepped down from the post of Directorship and Chairmanship of the Company with effect from May 30, 2014 on his attaining the age of 89 years and he has been appointed as Chairman Emeritus from the said date i.e. May 30, 2014.

Ai Champdany Industries Limited has informed the Exchange that Suspension of Work has been declared at one of the unit of the Company viz., Wellington Jute Mill, Rishra from March 21, 2011 for eradication of all wasteful practice, indiscipline, frequent concerted stoppages of work on one pretext or other, state of lawlessness throughout the mill and to comply with manning pattern followed in the industry by the workers of the unit.

Ai Champdany Industries Limited has informed the Exchange that a fire occurred on the night of January 21, 2011 at one of the units of the Company viz. Wellington Jute Mill. The fire came under control in the early hours of January 22, 2011. The fire caused damage to the mill's finishing department. The work has been resumed on January 24, 2011 after suspension of work on 22nd & 23rd January 2011. The stocks in the mill premises including building and machineries were insured and fully covered for damage by fire. The company is taking necessary steps to file suitable claim on assessment of dam

Ai Champdany Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 30, 2010, approved issue of Non-convertible 2% Cumulative Preference Shares face value of Rs. 5/- each in the ratio of 1:1 to the Equity Shareholders of the Company. Further, the cut-off date for determination of right entitlement of the above issue to the Equity shareholders of the Company is February 12, 2010. Further, the Company has clarified that, the above issue of Non-convertible 2% Cumulative Preference Shares of face value of Rs. 5/- per share would be un