Sakthi Sugars Ltd Company History

ABT Ltd. reduces its stake in the company from 11,857,600 equity shares to 8,357,600 equity shares

Grantham A/c GMO Emerging Markets Fund acquires 1,025,000 shares of Sakthi Sugars Ltd. amounting to 3.70% of the total capital of the company

ABT Ltd. sells 300,000 shares of the company, stake comes down to 80,57,600 equity shares

Sakthi Sugars Ltd has appointed Sri. K V Ramaswamy as Additional Director on the Board of Directors of the Company.

The Company's European subsidiary, Orlandofin BV, has acquired a Swedish Company called 'Arvika Gjuteri AB' having facilities to produce 28,000 MTs per annum of castings for buses, trucks, and heavy off-road vehicles, and a machine shop.

The Company has appointed Sri. C Rangamani as Additional Director on the Board of the Company.

Appointment of Sri M Balasubramaniam as Joint Managing Director-Finance and Sri M Srinivaasan as Joint Managing Director-Technical

Entered into a Master Restructuring Agreement with the Lenders in respect of restructuring of its debts under the Corporate Debt Restructuring Scheme announced by Reserve Bank of India.

Appointed Sri T Santhanakumar as Nominee Director.

Reappointed Sri. V. K. Swaminathan as Executive Director.

The Company's wholly owned subsidiary, Sakthi Auto Component Limited has acquired a Company in Mauritius by name Sakthi Auto Mauritius Limited.

Appointed Sri V. M. Manogaran as Nominee Director.

Sakthi Auto Component Limited (SACL) and as such SACL was the wholly Owned subsidiary of the Company.

Company has commenced its cane crushing operation for the season.

Sakthi Sugars - Intimation of commencement of sugarcane crushing operation for the season 2015-16 at Dhenkanal Sugar Unit