Commercial Syn Bags Ltd. has informed BSE that pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015 and Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books of the Company shall remain closed from Friday, 15th September, 2017 to Friday, 22nd September, 2017, (both days inclusive) for the purpose of ensuing Annual General Meeting of the Company scheduled to be held on Friday, 22nd September, 2017.
Commercial Syn Bags Ltd. has submitted to the BSE Audited Financial Results along with Auditors’ Report thereon for the Half Year/Year ended on 31st March, 2017, in PDF Format, which were also approved by the Audit Committee and Board of Directors at their meeting held on 29th May, 2017. Also find enclosed herewith Declaration from Managing Director and CFO regarding unmodified Auditors’ Report.
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to inform you that window for trading in the Shares of the Company shall remain close from 15th May, 2017 to 31st May, 2017 (both days inclusive) in view of the Meeting of the Board of Directors of the Company scheduled to be held on Monday, 29th May, 2017 at 01:00 p.m. inter alia to consider and approve the Audited Financial Results along with Auditors’ Report thereon by the Statutory Auditors; for the half year/year ended 31st March, 2017. All the Directors, KMPs, designated employees, connected persons and their relatives are advised not to deal in the Shares of the Company either directly or indirectly during the aforesaid period.
Commercial Syn Bags Ltd. has informed BSE that in the 01/2017-18 Meeting of the Board of Directors held on 10th May, 2017, Shri Milind Mahajan (DIN: 00155762) has been appointed as an Additional Director under the category of Independent Director of the Company w.e.f. 10th May, 2017. We hereby submit the attached particulars as per requirement of Regulation 30(2) & Part A of Schedule III of SEBI (LODR) Regulations, 2015.
Pursuant to Regulation 30(2) read with Schedule III of the SEBI (LODR) Regulations, 2015 we hereby inform that Mr. Neetesh Gupta (DIN: 06689342), Independent Director of the Company vide his letter dated 02nd May, 2017 has tendered his resignation from the office of Independent Director w.e.f. 10th May, 2017 and same has been acknowledged by the Company on 02nd May, 2017. We hereby further inform that due to his resignation from the Office of Independent Director, his membership from the various committees of the Board will also be ceased w.e.f. 10th May, 2017.
Commercial Syn Bags Limited informed BSE regarding appointment of the company as Domestic Channel Partners of OPaL for Polymers (PE/ PP) for a period of 3 years subject to compliance of various terms & conditions, execution of necessary documents and agreements as mentioned in the Letter of Appointment (LOA).
Commercial Syn Bags Limited has informed BSE that “This is in continuation of our earlier disclosure, vide COMSYN/BSE/2016-17 dated 19th August, 2016 regarding Capacity Addition/Expansion of Company’s SEZ Unit situated at Indore Special Economic Zone, Pithampur (MP) by setting up of complete manufacturing facilities.We further inform that due to on-going construction and expansion activities the existing operations and production activities at Company’s SEZ Unit are temporarily shifted to Rented Warehouse located at Warehouse No. 4, SEZ PH- I, Pithampur, Dist. Dhar for the time being.The aforesaid shifting of operations of SEZ Unit is for the purpose of smooth completion of on-going construction activities and it will not affect the production capacity of the Company; and operations will be resumed at SEZ Unit soon after completion of construction activities and establishment of necessary infrastructure for production.”
Commercial Syn Bags Limited hereby inform BSE that Board of Directors at their Meeting held on 09th March, 2017 has approved the Re-appointment of Smt. Ranjana Choudhary as Whole Time Director and KMP of the Company w.e.f. 01st June, 2017 for a further period of 5 years (whose existing term of appointment is expiring on 31st May, 2017) subject to approval of Shareholders at next general meeting. Brief Profile Smt. Ranjana Choudhary is attached herewith for reference.
Commercial Syn Bags Ltd has informed BSE that the Company has placed a Purchase Order with Ujaas Energy Limited, Indore on December 16, 2016 for purchase of 1.0 MW (1.2 MW peak (p)) Solar Power Generating System which will be installed at land to be acquired by the Company at Ujaas Solar Park (Sitamau, Madhya Pradesh). The electricity generated through Solar Power Generating System will be used as captive consumption for Company’s Manufacturing Units situated at Pithampur (MP).
Further, the cost of project is estimated to be Rs. 6.00 Crores (approx) which will be funded from bank loan and own sources.
Commercial Syn Bags Ltd has informed BSE that the Company has been awarded by BSE Limited for being one of the top performers in SME Segment of BSE. The award has been received by Mr. Pramal Choudhary, Chief Operating Officer of the Company from BSE Officials at Diwali Muhurat Trading function and Felicitation of Top Volume Performers Programme of BSE held on October 30, 2016, at Mumbai. Copy of the said Award is enclosed herewith.
Commercial Syn Bags Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2016, inter alia, to consider the following;
1. To consider and approve Unaudited Financial Results of the Company for the half year ended on September 30, 2016.
2. To take on record the Limited Review Report given by the Statutory Auditors on Unaudited Financial Results of the Company for half year ended on September 30, 2016.