Astron Energy, which is majority owned by commodities trader Glencore, said the fire at South Africa's third-biggest crude oil refinery started at around 4 a.m. (0200 GMT). As per stated object in prospectus, our proposed PM-2 located at Halvad will commence commercial production probably in 2nd quarter having capacity of 33000 MT/ year.After closure of the financial year, investment of Rs.403.50 lacs was made in 23rd July, 2018.
The Executive Management Group (EMG) is mandated to assist in reviewing the operations of and performance of the Group and its subsidiaries, developing strategy and policy proposals for consideration by the Board and implementing the directives of the Board. Members approval is sought by way of Ordinary Resolution for a period of 5 years.In accordance with the Articles of Association of the Company, Mr. Ramakant Patel (DIN: 00233423), retires by rotation and being eligible, offers himself for reappointment. It has been communicated to the Directors and employees of the Company and also posted on the website of the Company.The Company has formulated a Prevention of Sexual Harassment Policy and has formed an Internal Complaints Committee. Business heads are invited as and when required. Out of the amount available for appropriation and an amount of Rs.2090.34 lacs is proposed to be retained in the profit and loss account.The Company''s Initial Public Offering (IPO) of 1,40,00,000 Equity Shares of face value of Rs.10/- (Rupees Ten only) for cash at a premium of Rs 40/- per share aggregating to Rs.6882.50 Lacs ('' 2.50 per share discount to Employee Reserve Share), by way of Book Building Process, was opened on 15th December, 2017 and closed on 20th December, 201 7.
Cape Town Area, South Africa. Company profile for Astron Connect Inc. including key executives, insider trading, ownership, revenue and average growth rates. Subsequent to the completion of IPO, the paid up equity share capital of the Company got increased from Rs.3,250 Lacs to Rs.4,650 Lacs.The paid up equity share capital as on 31 March 2018 was Rs.4650.00 LacsThe trading of Equity Shares of the Company commenced on National Stock Exchange of India Limited and BSE Limited on 29th December, 201 7.The Company has not issued shares with differential voting rights, sweat equity shares, nor has it granted any stock options.The IPO issue proceeds of Rs.6982.50 Lacs has been fully utilized as under : (Rs.in Million)Setting Up New Manufacturing Facility with lower GSM kraft PaperFunding Working Capital requirements of the CompanyIPO Committee was consitituted on May 29, 2017 to take decisions with regard to IPO as it may, in its absolute discretion deem fit and proper in the interest of the Company including the appointement of merchant bankers, lawyers, registrar and other agencies as may be required for the purpose of IPO.Executive Committee was consitituted on January 29, 2018 to take and approve routine business and transactions of the company.The Company has not accepted any fixed deposits during the year 2017-18.The Company''s current installed capacity is 1 20000 MT/ year.
The company was founded on February 20, 2017 and is headquartered in Vancouver, Canada. Astron Paper & Board Mill Director Information - Get the latest information about Directors of Astron Paper & Board Mill on The Economic Times.
Net Profit at Rs.2090.34 Lacs increased by 1 08%.Detailed information on the operations of the Company and details on the state of affairs of the Company are covered in the Management Discussion and Analysis Report.Acuite Ratings & Research Limited (erstwhile SMERA Ratings Limited) hasassigned long term debt rating of "ACUITE BBB-(read as ACUITE BBB minus) against previous Longterm rating of ICRA BB and short term rating of ACUITE A3 (read as ACUITE A three) against previous ICRA A4 on Rs.113.00 Cr. He has gained international professional For further details, please refer to Corporate Governance section of this Annual Report.All the Independent Directors of the Company have given declarations that they meet the criteria of independence as laid down under section 149(6) of the Companies Act, 2013 and Regulation 1 6(1) (b) of Listing Regulations.CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:The particulars under Section 1 34 of the Companies Act,2013, read with the Companies (Accounts) Rules, 2014 are attached to this Report as "ANNEXURE- A".The Company is committed to good corporate governance practices. The Directors have pleasure in presenting the 08th Annual Report on the business and Operations of the Company together with the Audited Financial Statements for the financial year ended 31st March, 201 8. The Report on Corporate Governance as stipulated under Listing Regulations forms an integral part of this Report as "ANNEXURE-B". Learn about Astron. Shyam Agrawal (DIN: 03516372) and Mr. Sudhir Maheshwari (DIN: 07827789) were appointed as an Additional Director(s) (Independent Category) of the Company under Section 161 of the Companies Act, 2013 w. e. f 29th May, 201 7.
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