₹ 285.95 -16.80 (-5.55%)
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Overview
- BSE Code 532460
- NSE Symbol PONNIERODE
- ISIN Demat INE838E01017
- Book Value (₹) 618.87
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 285.60
- P/E (TTM) 14.81
- EPS (TTM) 22.42
- Div Yield (%) 0.90
Performance
Corporate Actions
Ponni Sugars (Erode) Limited - Disclosure under SEBI Takeover Regulations
Apr 28, 2025Ponni Sugars (Erode) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
About Ponni Sugars (Erode) Ltd
Ponni Sugars Erode) Limited was formally created and deployed as a legal entity in the year December 1996 in the name of SPB Sugars and chemicals Ltd and later in 2000 to the present name of "Ponni Sugars Erode Limited".The company is the brainchild of late S Viswanathan, affectionately referred to as SV by his friends & associates, a renowned industrialist of the South.
The company is an offspring of Ponni Sugars and Chemicals Ltd (PSCL) under a Demerger Scheme sanctioned by the Hon`ble High Court of Madras on 10th September 2001. In terms of the Scheme, the company assumed full control of the business of Erode Undertaking with concurrent transfer of major part of stakeholders` interest in PSCL to the company.
The Erode sugar mill was created and deployed with 1250 TCD capacity in 1984 in a record time of 12 months. It achieved full capacity crushing during the very first year of its commercial operation that enabled declaration of a maiden dividend of 10% in that very first year, a record in the annals of sugar industry. It was a trendsetter in mobilising surplus cane during its infancy stage from neighbouring sugar mills and extending crushing season to well above industry average. Its capacity was broadened its footprint to 2500 TCD in 1994.
The Erode sugar mill has successfully implemented an innovative Lift Irrigation Scheme by bringing in dry lands under cane cultivation, utilizing the effluent discharge of the neighbouring paper mill. This has helped secure multitudinal benefits - providing a dependable and perennial source of irrigation to farmers in the neighbourhood, increase of land value manifold in the region, transforming the livelihood of local rural population, resolving the raw material needs of sugar and paper mills and addressing ecological concerns in effluent dischar
Right at its inception, Ponni was structured on the concept of total diversion of bagasse for paper. Accordingly it installed a coal fired boiler and later added a multi fuel boiler in place of conventional bagasse fired boilers. It has a bagasse tie up arrangement with Seshasayee Paper and Boards Ltd for a mutually beneficial and rewarding long term relationship.
Ponni is an efficient and quality producer of sugar, catering to both domestic and international markets. It is a venerable partner for villagers growing sugarcane in its neighbourhood. It enjoys cordial relationship with employees. It firmly believes in transparent and fair dealings with all its stakeholders by following sound corporate governance norms both in letter and spirit.
Founded | : 1996 |
Chairman | : N Gopala Ratnam |
Managing Director | : N Ramanathan |
Address | : Esvin House 13 Rajiv Gandhi, Salai (OMR) Perungudi, Chennai, Tamil Nadu, 600096, |
- PAN Card
- Cancelled Cheque
- Latest 6 month Bank Statement (Only for Derivatives Trading)