SIMBHSUGAR

Simbhaoli Sugars Limited has informed the Exchange that due to some typographical error in column no. 1, at point no. 15 figure Reserve excluding revaluation reserve will be read as (38,686) in place of '-'. The Company has submitted a corrected financial results.

Simbhaoli Sugars Limited has submitted the Exchange a copy of Minutes of the Postal Ballot and Minutes of the meeting of the equity shareholders of the Company held on September 20, 2014.

Simbhaoli Sugars Limited has informed the Exchange that the Board of Directors of the Company has considered the situation of the likely unrest and adverse circumstances in the Sugar command area at registered office of the Company situated at Simbhaoli-245207 District Hapur and have decided to extend the holding of the Annual General Meeting of the members of the Company for the financial year 2013-14. In this regard, on Company's application, the Registrar of Companies, Uttar Pradesh, Kanpur has granted permission for extension of 3 months for holding Annual General Meeting of the Company un

Simbhaoli Sugars Limited has informed the Exchange that the Hon ble High Court of Judicature at Allahabad in the Company Application 5 of 2014 directed the Company to convene and conduct a physical meeting (Court Convened Meeting) of the Equity Shareholders of the Company on Saturday, September 20, 2014. The Notice of the aforesaid meeting along-with Explanatory Statement under Section 393 of the Companies Act, 1956, as issued by the Hon ble Chairman appointed by the Court are being sent to all the Equity Shareholders of the Company as per the directions of the Court. The Equity Shareholde

Simbhaoli Sugars Limited has informed the Exchange that over the last few years the Company has been incurring losses, as Indian sugar industry, particularly in the state of Uttar Pradesh, has been facing financial difficulties on account of higher sugar cane prices in prior years, lower realization of sugar and high finance cost. Due to financial constraints, the current liabilities of the Company are significantly higher than the current assets, In this regard, the Company has submitted Notice for suspending the cane crushing operations for the sugar season 2014-15 with the Cane Commissio

Simbhaoli Sugars Limited has informed the Exchange that the Audit Committee of the Board of Directors of the Company in its meeting held on March 15, 2014 has taken note of the "Valuation Report from an Independent Chartered Accountant" and recommended the Scheme of Amalgamation of the Company with M/s. Simbhaoli Spirits Limited and the said Scheme is in the best interest of the shareholders, creditors and other stakeholders of both the Companies.

Simbhaoli Sugars Limited has informed the Exchange that in view of the high operating losses during the previous seasons, the Company's existing liabilities and lack of adequate resources, the Company is not able to commence the operations of all of its sugar mills until and unless a fair, reasonable and viable sugarcane price is declared by the State Government, so that the Company should not suffer further losses.The Company has submitted the Notices of Suspension of Operations of all its sugar mills in the state of Uttar Pradesh with the concerned authorities of Government of Uttar Pradesh.

Simbhaoli Sugars Limited has submitted to the Exchange a copy of the Investor Update on the results for the financial year ended March 31, 2013.

Simbhaoli Sugars Limited has submitted to the Exchange a copy of the investor update on the financial results of the Company for the quarter ended December 31, 2012.

Simbhaoli Sugars Limited has informed the Exchange vide letter dated January 28, 2013 regarding "Hiving-off of power businesses of the Company situated at Simbhaoli and Chilwaria".

Simbhaoli Sugars Limited has submitted to the Exchange a copy of investor update on the financial results of the Company for the quarter ended June 30, 2012.

Simbhaoli Sugars Limited has informed the Exchange vide its letter dated July 06, 2012, regarding "Sunk vessel MV loannis-loss of 22,500 MT raw sugar and settlement thereof".

Simbhaoli Sugars Limited has submitted to the Exchange a copy of investor update on the financial results for the quarter ended December 31, 2011.

Simbhaoli Sugars Limited has submitted to the Exchange a copy of investor update on the financial results of the Company for the quarter ended June 30, 2011.

Simbhaoli Sugars Limited has informed the Exchange that the Company has made/agreed to make investments in the following companies, which have become subsidiaries: (1) Name of the Company: Uniworld Sugars Private Ltd, No. of shares: 49980, Amount (in Rs): 499,800 (2) Name of the Company: Simbhaoli Spirits Ltd, No. of shares: 49940, Amount (in Rs): 499,400.

Simbhaoli Sugars Limited has submitted to the Exchange a copy of the Investors' Update on the un-audited financial results of the Company for the quarter ended December 31, 2010.

Simbhaoli Sugars Limited has informed the Exchange that in order to strengthen its management information system, financial accounting, material management, production planning and sales and distribution with the help of System Analysis and Program (SAP) enabled system, the Company has been implementing SAP based enterprise resource planning solutions for optimizing the performance of the business as well as the business network with effect from October 01, 2010.

Simbhaoli Sugars Limited has submitted to the Exchange a copy of the investor's update on financial results of the Company. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/simbhaoli_updates_29042010.zip target=NEW> For more details click here.</a>

Simbhaoli Sugars Limited has informed the Exchange that in the meeting held on September 22, 2009, the Finance Committee of the Board of Directors of the Company has approved the cancellation / extinguishment of further USD 4.50 million, 0% Foreign Currency Convertible Bonds (FCCBs) issued by the Company in March 2006, under the guidelines of Reserve Bank of India for this purpose.

Simbhaoli Sugars Limited has informed the Exchange that the Company in its meeting held on January 30, 2008 has issued and allotted 31,00,000 warrants convertible into 31,00,000 equity shares of the Company at an exercise price of Rs. 42.55/- per share including premium of Rs. 32.55/- per share to the specified promoters in accordance with the SEBI (Investor & Protection) Guidelines, 2000 for preferential issue have been fully subscribed by the said promoters. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on

Simbhaoli Sugars Limited has informed the Exchange that " The vessel carrying 22500 MT of Brazilian raw sugar in bulk, imported by the Company has sunk on July 24, 2009 near to Cape West Coast of South Africa. In this regard, the matter is under discussion with sellers, vessel owners, insurance companies and other concerned agencies".

Simbhaoli Sugars Limited has informed the Exchange that: "DR. GSC Rao, Executive Director of the Company has been elected as the President of Sugar Technologists Association of India on July 01, 2009".

Simbhaoli Sugars Limited has informed the Exchange that the Remuneration and Compensation Committee of the Board of Directors of the Company in its meeting held on May 18, 2009, has re-granted 81,300 lapsed stock options to the eligible employees under Simbhaoli Sugars Limited- Employees Stock Option Scheme 2007, convertible into 81,300 equity shares of Rs. 10 each at an exercise price of Rs 39/- (including premium of Rs. 29/-) per equity share. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet S

Simbhaoli Sugars Limited has informed the Exchange that ICICI Bank Ltd has appointed Mr. S D Saxena, as the nominee director on the Board of Simbhaoli Sugars Limited in place of Mr. Naveen Atrishi with effect from February 23, 2009.

Simbhaoli Sugars Limited has informed the Exchange that "The Company has planned to import 20-30 thousand metric ton of raw sugar for processing at its sugar complexes during off-season. In this regard, it has already executed contract for import of 20,000 MT of Brazilian cane raw sugar".

Simbhaoli Sugars Limited has informed the Exchange that "The Company has set up a business entity named as Simbhaoli Global Commodities DMCC in the free trade zone of Dubai, United Arab Emirates with Dubai Multi Commodities Centre Authority for trading in sugar, molasses, ethyl alcohol, fuel alcohol and other agro based commodities in the overseas market. A copy of the certificate of registration and trading license shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/conte

Simbhaoli Sugars Limited has informed the Exchange that the Company has proposed to set up a subsidiary company outside India for trading of sugar and other related commodities in the overseas market.

Simbhaoli Sugars Limited has informed the Exchange that the Company has been granted the status of Start Export House in accordance with the provisions of the Foreign Trade Policy, 2004-2009. The certificate of recognition, issued by Government of India, Ministry of Commerce and Industry is valid for two years with effective from April 01, 2007 to March 31, 2009.