Dwarikesh Sugar Industries has informed that Board of Directors of the company at its meeting held today, on August 10, 2017, concluded at 1.30 pm, for adoption of Unaudited Financial Results for quarter ended June 30, 2017; delegation of power to Finance Committee for issue of Commercial papers; taken on record the request received from G R Morarka, Managing Director for capping of his remuneration, in case of adequacy of profits, to Rs 5 crores for financial year 2017-18, which is accepted by the Remuneration Committee & the Board; and redemption of 8% 10,00,000 Cumulative Redeemable Preference Shares (Series III) of Rs100 each (unlisted shares) along with accrued dividend for the period from April 1, 2017 till September 30, 2017 on the maturity date on September 30, 2017. Further informed that Ind AS is applicable to the Company from the financial year 2017-18 & the financial results for June 30, 2017 quarter are Ind AS compliant.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 28.14 |
| Bajaj Hindusthan Sug | 18.80 |
| Triveni Engg. & Inds | 393.00 |
| Balrampur Chini Mill | 486.00 |
| Dalmia Bharat Sugar | 394.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: