Eicher Motors share news, announcements and annual reports
NSE: EICHERMOTBSE: 505200AutomobilesLarge Cap
Eicher Motors Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 1986 on BSE, Sep 2004 on NSE
Last close ₹7,220.00down ₹18.00 (0.25%)BSE ₹7,210.00
Share price at the NSE close on 30 Oct 2026. Previous close ₹7,238.00.
30 Oct: open ₹7,239.00, high ₹7,343.00, low ₹7,198.00
52-week range of traded prices to 30 Oct 2026
₹6,442.00Low, 7 Apr 2026₹8,230.00High, 27 Feb 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,98,205 Cr43rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 34.34
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.90
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.14%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 24.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 20.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,87,95854.8% delivered
Eicher Motors share news and announcements
1,617 announcements, routine notices left out, newest first. Page 32 of 33.
Apr 2009
28 Apr · Extinguishment
Company has extinguished and physically destroyed 1233 share certificates consisting of 1,83,289 fully paid up equity shares of Rs. 10/- each, in terms of regulation 12 (1) of Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 (Buyback Regulations). Further, the Company has also extinguished 12,25,680 equity shares of Rs. 10/- each (in dematerialized form) in terms of Regulations 12 (2) of Buyback Regulations.21 Apr · Meeting
The Board of Directors in its meeting held on March 28, 2009 decided among other things the following: (1) The Register of Members of Eicher Motors Limited will remain closed from May 22, 2009 to May 29, 2009 (both days inclusive) for the purpose of payment of dividend to the eligible Shareholders. (2) The Annual General Meeting has been fixed for May 29, 2009.20 Apr · Board meeting
Inter-alia consider and take on record the Unaudited Financial Results (Provisional) of the Company for the Quarter ended March 31, 2009.15 Apr · Post offer Public announcement
JM Financial Consultants Pvt Ltd. has informed the Exchange regarding Proposed Buy-back of equity shares of Eicher Motors Limited from shareholders under the tender offer route in accordance with SEBI (BuyBack of Securities) Regulations (Buy-Back Regulations") with reference to the regulation 19(7) of Buy-Back Regulations. Further Company has submitted a copy of post offer public announcement (the "Public Announcement") with regard to this Buy-back which was published on April 11, 2009 in the news paper. 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). For more details click here.1 Apr · Updates
Information pursuant to clause 20 of the Listing Agreement. The details 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). For more details click here.
Mar 2009
30 Mar · Management
Mr. Rajesh Arora, Company Secretary has been transferred to VE Commercial Vehicles Limited, a subsidiary company of Eicher Motors Limited. Consequently, Mr. Rajesh Arora has resigned from the post of Company Secretary and Compliance Officer of Eicher Motors Limited. In view of the above, the Board of Directors of the Company in its meeting held on March 28, 2009 approved appointment of Ms. Shaila Aggarwal as Company Secretary as well as Compliance Officer of the Company.30 Mar · Business
"The Company has received a proposal from, the promoter Company M/s. Eicher Goodearth Investments Limited (EGIL) vide which EGIL is going ahead with a restructuring of its operations through a Composite Scheme of Arrangement proposed under Sections 391, 394 of the Companies Act, 1956. As part of this restructuring scheme, EGIL has also proposed to rationalize its equity holding in Our Company. Under the proposed Scheme EGIL is planning to demerge its investment business undertaking into, another Company of its promoters i.e. Eicher Goodearth Private Limited and consequent to this demerger, residual EGIL, which would primarily be holding equity investment in our Company, is proposed to be merged with Eicher Motor Limited (EML)." The details 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). For more details click here.30 Mar · Dividend
Board of Directors at its meeting held on March 28, 2009 has recommended 50% dividend on the equity share capital (Rupees 5 per share) subject to the approval of the shareholders.20 Mar · Board meeting
For adoption of Annual Accounts and recommendation of dividend on the equity capital for the year ended December 31, 2008 and to consider taking on record the Audited Financial Results for the year ended on December 31, 2008.13 Mar · Corrigendum
JM Financial Consultants Pvt Ltd. has submitted to the Exchange a copy of Corrigendum Public Announcement with regards to the Proposed Buy-back of equity shares of Eicher Motors Limited from shareholders under the tender offer route in accordance with SEBI (BuyBack of Securities) Regulations, which was published on March 10, 2009 in newpapers. 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). For more details click here.
Feb 2009
5 Feb · Public Announcement - Buyback of Shares
Public Notice cum Public Announcement ("Announcement") made in compliance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 as amended. The Offer and Buy-Back price : Eicher Motors Ltd (the "Company" or"EML") hereby announces the Buy-back of up to 14,08,969 fully paid-up equity shares of the face value Rs. 10 each ("Equity Shares") from the existing owners of Equity Shares (the "Buy-back") through the Tender Offer route in accordance with section 77A of the Companies Act, 1956 as amended to date (hereinafter referred to as "Act") and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 as amended up to date (hereinafter referred to as "Buy-Back Regulations") at a price of Rs. 691.68 per Equity Share ("Buy Back Price") payable in cash, for an amount aggregating up to Rs. 97.46 crores ("Offer Size"). The Offer Size represents up to 21.28% of the aggregate of the Company's total paid-up equity capital and free reserves as on March 31, 2008. The buyback would not be more than 25% of its paid-up equity capital as provided under section 77A of the Companies Act, 1956. The Date of Opening of the Buyback : March 12, 2009. The date of closing of the Buyback : March 26, 2009. Last date of communicating rejection/acceptance and payment of consideration for accepted tenders and/or the unaccepted equity shares/share certificates will be dispatched/credited : April 08, 2009. A copy of the Public Announcement - Buyback of shares shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2009
21 Jan · Results
Company shall submit audited financial results for the accounting year ended on December 31, 2008 within three months of end of the accounting year.
Dec 2008
29 Dec · Results
Eicher Motors Ltd had informed the Exchange regarding the Notice under Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001. The Company has now informed the Exchange that the special resolution under Section 77A, 77AA, 77B and all other applicable provisions of the Companies Act, 1956 read with Securities and Exchange Board of India (Buyback of Securities) Regulation, 1998 for Buy-Back of 1,408,969 Equity Shares of the Company at a fixed price of Rs.691.68 per equity share has been approved by the shareholders with requisite majority through postal ballot.2 Dec · Meeting
As per section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, the approval of the shareholders for the following resolution is required to be obtained by means of a postal ballot for buy-back of Company's own shares: (1) Special Resolution under Section 77A, 77AA, 77B and all other applicable provisions of the Companies Act, 1956 read with Securities and Exchange Board of India (Buy-back of Securities) Regulation, 1998 for Buy-back of shares. The Company has appointed Mr. Vijay Gupta, Practicing Chartered Accountant, M/s. VKGN & Associates, New Delhi, as Scrutinizer for conducting the postal ballot process. The duly completed Postal Ballot forms should reach the Scrutinizer at the Registered Office of the Company on or before December 27, 2008. The Scrutinizer will submit his report addressed to the Chairman of the Company after completion of scrutiny in a fair and transparent manner and the result of the postal ballot will be announced by the Chairman of the Company on December 29, 2008. A copy of the Postal Ballot notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Nov 2008
20 Nov · Updates
Eicher Motors Ltd had informed the Exchange that the Board of Directors in its meeting held on November 20, 2008 had considered and approved the Buy Back of 1,408,969 Equity Shares of the Company at a price not exceeding Rs. 691.68 per equity share and the total aggregate amount to be expended by the Company for the Buy-back not exceeding Rs. 97.46 crores in accordance with Section 77A, 77AA, 77B of the Companies Act, 1956". The Company has now informed the Exchange that "We wish to clarify that the price of buy-back of share is fixed i.e. Rs.691 .68 per equity share.Accordingly, please note that the line relating to price i.e. "at a price not exceeding Rs.691.68 per equity share" should be read as "at a fixed price of Rs.691.68 per equity share".20 Nov · Board meeting
Subject to the approval of the shareholders by means of a postal ballot under Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, we wish to inform you that the Board of Directors in its meeting held on November 20, 2008 had considered and approved the Buy Back of 1,408,969 Equity Shares of the Company at a price not exceeding Rs. 691.68 per equity share and the total aggregate amount to be expended by the Company for the Buy-back not exceeding Rs. 97.46 crores in accordance with Section 77A, 77AA, 77B of the Companies Act, 195620 Nov · Management
Mr. P.N. Vijay, Independent Director has resigned from the Board of Directors of the Company with effect from November 20, 2008.12 Nov · Board meeting
For considering the Buy Back of its shares in accordance with Section 77A, 77AA, 77B of the Companies Act, 1956.
Oct 2008
30 Oct · Buy back
Upon request of promoter and principal shareholders of the Company, i.e. Eicher Goodearth Investments Limited (EGIL) vide letter dated October 27, 2008, the Board of Directors of Eicher Motors Limited (EML) took up the matter as an additional item in the Board Meeting held on October 29, 2008 and passed the attached resolution granting in principal approval for the buy back of its shares through Tender Offer route, in the same proportion as sale of promoter holding to Volvo (ratio of promoter shares sold to volvo to the total holding of shares by Promoter) at the same price of Rs. 691.68 per share. The further details 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) For more details click here.30 Oct · Change in Accounting Year
Board of Directors of the Company has decided to change the Accounting Year of the Company from Financial Year to Calendar Year. Accordingly the current accounting year would end on December 31, 2008. In this regard, the Company has submitted to the Exchange a resolution passed by the Board of Directors. 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) For more details click here.21 Oct · Board meeting
To inter-alia consider and take on record the Unaudited Financial Results (Provisional) of the Company for the Quarter ended September 30, 2008.
Sep 2008
16 Sep · Limited Review Report
Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended June 30, 2008. 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). For more details click here.
Aug 2008
22 Aug · Updates
Eicher Motors Ltd had informed the Exchange that the company has signed the definitive agreements with AB Volvo, Sweden for formation of a Joint Venture company ( "JVC" ) through transfer of the existing Commercial Vehicle Business along with related Components and Design Services Business ( "CV Business" ) to a step down subsidiary of the Company. For the aforesaid transaction, the approval of the shareholders was obtained through postal ballot on March 15, 2008. The company has now informed that pursuant to receipt of all regulatory approvals, the closing under the definitive agreements referred above has occurred on August 22, 2008 and consequently the company has now transferred the CV Business to VECV, the Joint Venture Company with effect from July 01, 2008 by way of a "slump sale" (as defined under Section 2{42 C} of the Income Tax Act, 1961) on a 'going concern' basis.18 Aug · Board meeting
To consider enhancing the limit of investment of surplus funds in the mutual funds duly approved by SEBI.
Jul 2008
9 Jul · Board meeting
To inter- alia consider and take on record the Unaudited Financial Results (Provisional) of the Company for the quarter ended June 30, 2008.
Jun 2008
9 Jun · Updates
The present shareholding of Eicher Goodearth Limited (EGL), in the Company is 1,63,08,372 equity shares representing 58.05% of the total paid equity capital of the Company. We wish to inform you that we have received a letter from Eicher Goodearth Investments Limited regarding change of name from Eicher Goodearth Limited to Eicher Goodearth Investments Limited
May 2008
28 May · Legal
"This is further to our letter dated 26th May, 2008 and with reference to articles relating to Joint Venture of Eicher Motors Limited with AB Volvo, Sweden published in various news papers on 27th May, 2008. In this regard, we would like to clarify that there have been wrong reporting in a few newspapers with respect to the announcement made by the promoters of the Company, Eicher Goodearth Investments Limited (EGIL). We have been informed by EGIL that they have requested to those who have misquoted the statement of the promoters to carry a suitable corrigendum". The details 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). For more details click here.26 May · Business
Press release issued by M/s. Eicher Goodearth Investments Limited, dated May 26, 2008, titled "Eicher Motors Limited and AB Volvo sign definitive agreements to formalize Joint Venture". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.26 May · Business
The Company has signed the definitive agreements with M/s Aktiebolager Volvo (PUBL), Sweden ("Volvo") including the followings: (i) Business Purchase Agreement, (ii) Joint Venture Agreement, (iii) Non-compete Agreement26 May · Business
Vide its letter dated May 24, 2008, that: "The Board of Directors in its meeting held on May 24, 2008 have approved draft of definitive agreements to be executed with M/s. AB Volvo, Gothenburg, Sweeden ("Volvo") to carry Commercial Vehicles Business (along with Components and Engineering Design Services Business) through EML's step down subsidiary, namely, Eicher Motors India Limited (JV Company) and authorized Mr. Siddhartha Lal, Managing Director for execution of the same. The definitive agreements are proposed to be executed on May 26, 2008".20 May · Board meeting
To review the draft definitive agreements proposed to be signed with M/s. Aktiebolaget Volvo (publ), Sweden (Volvo) for proposed formation of a Joint Venture Company between Volvo and Eicher Motors Limited.
Apr 2008
29 Apr · Corporate action
Board of Directors in its meeting held on April 28, 2008 decided among other things the following: The Register of Members of Eicher Motors Limited will remain closed from May 28, 2008 to June 04, 2008 (both days inclusive) for the purpose of payment of dividend to the eligible shareholders.28 Apr · Dividend
Board, at its meeting held on April 28, 2008 has recommended 50% dividend on the equity capital, subject to the approval of the shareholders.28 Apr · Updates
Information pursuant to Clause-20 of the Listing Agreement. The 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). For more details click here.28 Apr · Meeting
Board of Directors in its meeting held on April 28, 2008 decided among other things the following: 1) The Register of Members of Eicher Motors Limited will remain closed from May 28, 2008 to June 04, 2008 (both days inclusive). 2) The Annual General Meeting has been fixed for June 04, 2008.28 Apr · Management
Board of Directors in its meeting held on April 28, 2008 appointed Mr. Prateek Jalan as an Additional Director on the Board of Directors of the Company. He would be treated as an Independent Director.17 Apr · Business
Eicher Motors Ltd (EML) had the following two Wholly Owned Subsidiaries in USA: 1) Design Intent Engineering Inc., ("DIE") 2) Hoff & Associates Inc., ("HOFF"). Both the companies were incorporated under the Laws of the State of Michigan, U.S.A. and engaged in a similar business of providing services in Engineering Design Services. The Company had decided to merge HOFF with DIE to consolidate the investment of the Company in a single entity. Accordingly, HOFF merged with DIE and the name of the merged entity has been changed to Eicher Engineering Solutions, Inc, so that the Company to be recognized as part of Eicher Group of Companies.16 Apr · Updates
The present shareholding of Eicher Limited (EL), Eicher Goodearth Limited (EGL), Eicher Goodearth Holdings Private Limited (EGHPL) and Eicher Holdings Private Limited (EHPL) in the Company are under : 1) Name of shareholder :- Eicher Limited, No. of Shares :- 92,79,835, %age held :- 33.03. 2) Name of shareholder :- Eicher Goodearth Limited, No. of Shares :- 69,50,429, %age held :- 24.74. 3) Name of shareholder :- Eicher Goodearth Holdings Private Limited, No of Shares :- 56,388, % age held :- 0.20. 4) Name of shareholder :- Eicher Holdings Private Limited, No. of shares :- 21,720, % age held :- 0.08. Total No. of Shares :- 1,63,08,372, Total % held :- 58.05. EL, EGHPL and EHPL have been merged with EGL pursuant to Composite Scheme of Arrangement approved by the High Court of Delhi vide order dated 4th March, 2008. Pursuant the said order, all the assets and liabilities, licences, permission, approvals or consents held by EL, EGHPL and EHPL are to be vested in EGL. Upon filing the Court order with the Register of Companies, New Delhi on 3rd April, 2008, EL, EGHPL and EHPL, got dissolved without winding up. Consequent to above, equity shares aggregating to 33.31% of the paid up equity capital of the Company held by EL, EGHPL and EHPL are to be transferred and vested in EGL. With transfer of these shares, EGL, shareholding in the Company would increase to 58.05% of the paid up equity capital of the Company and it shall become direct subsidiary of EGL.16 Apr · Board meeting
For Adoption of Annual Accounts for the year ended March 31, 2008 and to consider taking on record the Audited Financial Results for the year ended on March 31, 2008.
Mar 2008
17 Mar · Results
Eicher Motors Ltd had informed the Exchange regarding Notice under Section 192A of the Companies Act, 1956 read with the Companies (Passing the Resolution by Postal Ballot) Rules, 2001. The Company has now informed the Exchange that the resolution for transfer of Company's Commercial Vehicle Business (located at Pithampur, Madhya Pradesh); Components Business (located at Thane, Maharashtra; Dewas, Madhya Pradesh; and Gurgaon, Haryana) and Engineering Design Services Business (located at Gurgaon, Haryana) along with assets belonging to Commercial vehicle Business situated at Corporate Office at New Delhi, Investment in Design Intent Engineering. Inc, U.S.A. and Investment in Hoff & Associates, Inc. U.S.A. to a new company proposed to be incorporated as a subsidiary of the Company in the National Capital Territory of Delhi has been approved by the shareholders with requisite majority through postal ballot. A copy of the results of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2008
25 Feb · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2007. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.18 Feb · Meeting
As per section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, the approval of the shareholders for the following resolution is required to be obtained by means of a postal ballot: Ordinary Resolution under Section 293 (1) (a) of the Companies Act, 1956 for transfer of "Undertaking" of the Company to new subsidiary of the Company. The Company has appointed Mr. Vijay Gupta, Practicing Chartered Accountant, M/s. VKGN & Associates, New Delhi, as Scrutinizer for conducting the postal ballot process. The duly completed Postal Ballot forms should reach the Scrutinizer at the Registered Office of the Company on or before March 12, 2008. The Scrutinizer will submit his report addressed to the Chairman of the Company after completion of scrutiny in a fair and transparent manner and the result of the postal ballot will be announced by the Chairman of the Company on March 15, 2008. A copy of the Postal Ballot notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2008
29 Jan · Updates
The Board of Directors of the Company has at their meeting held on January 29, 2008 approved transfer of Company's Commercial Vehicle Division (including Components and Engineering Design Services) on a "slump sales" and on a going concern basis, to new subsidiary of the Company to be incorporated, subject to the approval of the shareholders by means of a postal ballot.9 Jan · Board meeting
To inter-alia consider and take on record the Unaudited Financial Results (Provisional) of the company for the Quarter ended December 31, 2007.
Dec 2007
10 Dec · Miscellaneous
Board of Directors in its Board Meeting held on December 10, 2007 reviewed a proposal received from M/s AB Volvo, Gothenburg, Sweden ('Volvo') to jointly develop Commercial Vehicles Business including Components and Engineering Design Services (CV Business). After discussion the Board of Directors of the Company has unanimously accorded its approval and authorised Mr. Siddhartha Lal, Managing Director to execute a Letter of Intent ('LOI') with M/s AB Volvo, Sweden. The company has submitted to the Exchange the salient features of Letter of Intent which shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.10 Dec · Business
Press release dated December 10, 2007, titled "Eicher Motors Limited and AB Volvo sign Letter of Intent to form Joint Venture". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.7 Dec · Board meeting
To discuss a proposal for strategic partnership in relation to the Company's commercial vehicle and allied business that the Company has received.
Nov 2007
28 Nov · Grant of Stock Options
Members of the Compensation Committee of the Company in its meeting held on October 22, 2007 had granted approval for further grant stock options to the eligible employees of the Company under the Employee Stock Option Plan 2006 ("ESOP 2006"). The details 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). For more details click here.
Oct 2007
22 Oct · Miscellaneous
Vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30,2007 (taken on record by the Board of the Directors of the Company at its meeting held on October 22, 2007) that: "Pursuant to Notification No. CE (NT)-11/95 dated March 16, 1995 issued by the Central Government, unutilised MODVAT balance amounting to Rs.8.21 crores standing to the credit of the Company as on March 16, 1995 was to lapse. On a writ petition filed by the Company, the Hon'ble Supreme Court struck down the aforesaid notification. Subsequently, section 37 of the Central Excise Act, 1944 was amended by the Finance Act, 1999 with retrospective effect from March 16, 1995 to validate the said notification. The Company has challenged the aforesaid amendment before the Delhi High Court. Pending disposal of the case, no provision is considered necessary in respect of above matters estimated at Rs.5.42 crores (net of tax)".22 Oct · Management
Board of Directors of the Company in its meeting held on October 22, 2007 approved appointment of Mr. Rajesh Arora as Company Secretary as well as Compliance Officer of the Company.