Reported Earnings • Feb 05
Third quarter 2023 earnings released: ₹13.80 loss per share (vs ₹1.72 loss in 3Q 2022) Third quarter 2023 results: ₹13.80 loss per share (further deteriorated from ₹1.72 loss in 3Q 2022). Revenue: ₹6.74b (down 28% from 3Q 2022). Net loss: ₹8.27b (loss widened ₹7.24b from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jan 25
Sintex Industries Limited to Report Q3, 2023 Results on Feb 03, 2023 Sintex Industries Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Independent Non-Executive Director Jayesh Khatsuria was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 27
Sintex Industries Limited, Annual General Meeting, Dec 26, 2022 Sintex Industries Limited, Annual General Meeting, Dec 26, 2022, at 16:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2022, the Reports of the Board of Directors and the Auditors of the Company thereon; to receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2022 and Reports of the Auditors of the Company thereon; to appoint a Director in place of Mr. Jayesh H. Khatsuria (DIN : 08626274) and to ratify Cost Auditors' Remuneration; and to consider other matters. Ankündigung • Aug 03
Sintex Industries Limited to Report Q1, 2023 Results on Aug 09, 2022 Sintex Industries Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Ankündigung • May 17
Sintex Industries Limited to Report Q4, 2022 Results on May 23, 2022 Sintex Industries Limited announced that they will report Q4, 2022 results on May 23, 2022 Ankündigung • Mar 03
Sintex Lenders Ask RIL-ACRE to Submit Improved Offer Lenders have entered the final stage of negotiation with Reliance Industries Limited (NSEI:RELIANCE) after declaring it the highest bidder for Sintex Industries Limited (BSE:502742) on March 02, 2022 evening, said two people aware of the development. At a committee of creditors' meeting held on February 28, 2022 evening, lenders asked Reliance Industries and Assets Care & Reconstruction Enterprise Ltd. (ACRE) team to submit an improved offer by March 02, 2022, the people said. In most cases, lenders negotiate with the highest bidder to maximise recoveries from buyers of the bankrupt companies, said one of the lenders of Sintex. The Reliance-ACRE offer equates to a recovery of 36% for lenders, excluding the 15% equity stake. Reliance Industries did not respond to the request for comments. In the second round of bidding, the Reliance Industries- ACRE team has offered INR 34.05 billion, which includes INR 27 billion as upfront payment to lenders and a 15% equity stake upon conversion of INR 1.71 billion debt into equity, as reported by ET earlier. The Reliance-ACRE team are among the four applicants that submitted a resolution plan for the Gujarat-based textile manufacturing company. The other three bidders were Himatsingka Ventures offering INR 32.97 billion, Welspun group entity offering INR 31.02 billion and GHCL INR 21.40 billion, as re- ported earlier. Ankündigung • Jan 29
RIL, ACRE Reportedly Seek CCI Approval to Buy Sintex Reliance Industries Limited (NSEI:RELIANCE) in partnership with Assets Care & Reconstruction Enterprise Ltd. (ACRE) has sought approval from the Competition Commission of India (CCI) to acquire Sintex Industries Limited (BSE:502742) which is undergoing insolvency proceedings. The application to CCI is made at a time when lenders are close to finalising the highest bidder for the Gujarat based textile company. ET has reviewed a copy of the application made by the Reliance, ACRE team to CCI. On Tuesday (January 25, 2022), lenders asked the four resolution applicants to submit a revised improved unconditional bid by January 29, 2022, two people who were aware of the matter said. Reliance Industries and ACRE did not respond to the request for comment. The other three applicants in the fray are Easygo Textiles Private Limited, Himatsingka Ventures and GHCL Limited (NSEI:GHCL). An approval from CCI is required before lenders approve a resolution plan. At present, the Reliance Industries-ACRE team has offered INR 23.63 billion which includes INR 22.80 billion to financial creditors and the remaining to trade creditors and employees. In addition to this, they have also offered 10% equity to the financial creditors. Easygo Textile offered INR 23 billion resolution plan, of which INR 22 billion is for financial creditors while the remaining is for trade creditors and employees. The resolution plan from Himatsingka Ventures is INR 22.10 billion of which INR 22 billion is for financial creditors while GHCL plans is INR 20.40 billion of which INR 20 billion is for financial creditors, as reported earlier. Among the four bidders, Himatsingka is the only one that has offered a small payment to equity holders, one of the persons said. One of the bidders has opposed lenders' plan of holding a Swiss auction if the bidder does not make an improved offer. Ankündigung • Jan 28
Sintex Industries Limited to Report Q3, 2022 Results on Feb 04, 2022 Sintex Industries Limited announced that they will report Q3, 2022 results on Feb 04, 2022 Ankündigung • Dec 13
Reliance Industries, Partner Looking to Buy Sintex Reliance Industries Limited (NSEI:RELIANCE), along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Limited (BSE:502742), according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd. to bid for the company under a court-appointed bankruptcy resolution process, Sintex said in a filing on December 12, 2021. Other bidders are Easygo Textiles Private Limited, GHCL Limited (NSEI:GHCL), and Himatsingka Ventures Pvt., which is working with Shrikant Himatsingka and Dinesh Kumar Himatsingka. The move by Ambani, whose companies this year purchased intellectual property rights to use the iconic Lee Cooper brand in India and stakes in high-end fashion brands run by stylists to some of Bollywood’s biggest stars, is only the second time Reliance has shown interest in an insolvent company. Ankündigung • Feb 03
Sintex Industries Limited to Report Q3, 2021 Results on Feb 11, 2021 Sintex Industries Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Ankündigung • Dec 25
Sintex Industries Limited Announces Appointment of Mr. Premnarayan R. Tripathi, Mr. Yogesh S. Ghatge as Additional Independent Directors Sintex Industries Limited announced appointment of Mr. Premnarayan R. Tripathi, Mr. Yogesh S. Ghatge as Additional Independent Directors of the Company with effect from 23rd December, 2020. Mr. Premnarayan R. Tripathi is a practicing Company Secretary and Registered Insolvency Professional. He is also B.B.A. (Finance) and Law Graduate from Gujarat University. He has work experience of more than 15 years in areas of Secretarial and Legal compliances, Corporate Structuring, Legal and Secretarial Due Diligence, drafting of various agreements in relation to Venture Capital/Private Equity Investment. Mr. Yogesh S. Ghatge is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India having experience of more than 6 years in Corporate Secretarial Compliances and NBFC Compliances. Ankündigung • Dec 06
Sintex Industries Limited Announces Resignation of George Samuel as Independent Director Sintex Industries Limited announced that George Samuel tendering his resignation from position as Independent Director of the Company from the close of the business hours of 27 November 2020 due to personal reasons and other professional commitments. Ankündigung • Nov 03
Sintex Industries Limited to Report Q2, 2021 Results on Nov 10, 2020 Sintex Industries Limited announced that they will report Q2, 2021 results on Nov 10, 2020 Ankündigung • Oct 06
Sintex Industries Limited Announces the Resignation of Mayank U. Devashrayee as an Independent Director Sintex Industries Limited announced that Mr. Mayank U. Devashrayee has tendered his resignation vide his letter dated 3ld October, 2020 as an Independent Director of the Company with immediate effect due to his pre-occupations. Ankündigung • Sep 04
Sintex Industries Limited to Report Q1, 2021 Results on Sep 10, 2020 Sintex Industries Limited announced that they will report Q1, 2021 results on Sep 10, 2020 Ankündigung • Jun 21
Sintex Industries Limited to Report Q4, 2020 Results on Jun 25, 2020 Sintex Industries Limited announced that they will report Q4, 2020 results on Jun 25, 2020 