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Ponni Sugars (Erode) Ltd. Company History and Annual Growth Details
-ICICI Bank Limited has withdrawn of their Nominee Director, Mr K J Rajasimha from the Board of Directors of Ponni Sugars (Erode) Limited and nominating in his place Mr. Manas Ranjan Pani as their Nominee Director, with immediate effect. Both the above changes will be effective from November 04, 2003, being the date of receipt of communication by the Company.
-Mr. Anubhav Aggarwal stating that he has acquired 525,238 shares aggregating to 6.41% of the share capital of Ponni Sugars (Erode) Limited and his shareholding after the said acquisition stands at 525,238 shares aggregating to 6.41% of the share capital of the company.
-Time Square Investments Pvt. Ltd. has acquired 270000 shares aggregating to 3.29% of the share capital of Ponni Sugars (Erode) Limited.
-Dr. Nanditha Krishna has been appointed as a Additional Director of the Company.
-The Board of Directors have appointed Mr. K. Bharathan as Additional Director effective December 28, 2011 who will hold office till the ensuing Annual General Meeting and be eligible for appointment thereat as director liable to retire by rotation.
-PonniSug(Ero - Cogeneration of Power - commencement of Commercial Production.
-The Company has recommended a dividend of Rs.2.50 (Rupees Two and Paise Fifty) per Equity Share for the financial year 2011-12.
-The company appointed Mrs. Bharti Chhotubhai Pithawalla as Additional Director.
-The company recommended a dividend of Rs. 1.50/- (Rupees One and Fifty Paise) per Equity share.
-The company recommended a dividend of Re. 0.60 (Sixty paise only) per Equity Share.
-Ponni Sugars (Erode) Ltd has decided to provide direct subsidy to sugarcane growers.