Corporate Announcement
Security Code : 513097    Company : SHBCLQ    
 
Outcome of Board MeetingDownload PDFDownload XBRL
  Exchange Received Time  23/05/2019 14:57:56         Exchange Disseminated Time   23/05/2019 14:58:00              Time Taken   00:00:04
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

1) Audited Standalone Financial Results of the Company for the quarter & year ended March 31, 2019 along with Audit Report thereon.

2) Outcome of the Board Meeting held Today i.e. on May 23, 2019

Dear Sir,

With reference to the captioned subject, we would like to inform you that the Board of Directors of the Company in its meeting held today i.e. on May 23, 2019 has inter alia considered and approved the following:

1. The Board has approved the Statement of Standalone Audited Financial Results of the Company for the quarter & year ended March 31, 2019. Copy of the aforesaid results along with Audit Report thereon is enclosed herewith.

In terms of second proviso to Regulation 33 (3) (d) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we confirm that the Auditors have given the Un-modified opinion on the Annual Audited Standalone Financial Results of the Company for the year ended March 31, 2019. Declaration is also enclosed herewith.

2. The Board of Directors decided to recommend a dividend @15% i.e. Rs. 0.30/- per equity share of Rs. 2/- each for the financial year ended March 31, 2019, subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.
3. The Board has considered and approved the request letters dated 09th May, 2019 received by the Company from Mr. Devenderjeet Singh Sandhu, Mrs. Gurbir Sandhu and Mr. Jaspal Singh Dhillon, existing Promoters of the Company for Re-classification of their shareholding from the 'Promoter and Promoter Group' category to 'Public' category, subject to the approval of shareholders at the forthcoming Annual General Meeting and the Stock Exchange, in terms of Regulation 31A of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

In terms of Regulation 30, it may further be noted that Board meeting commenced at 11.30 AM and concluded at 2:30 PM.
 

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