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28.05.2014
Audited financial results for the quarter/year ended on 31st March,2014
Financial highlights for the quarter ended on 31.03.2014 as against the corresponding Quarter ended on 31.03.2013:- Turnover:Rs.9816.16 Lakhs (Rs.10878.97 Lakhs ); Profit Before Tax: Rs.64.36 Lakhs (Rs.11.36 Lakhs); Profit after Tax :Rs.51.65 Lakhs (Rs -39.37 Lakhs); Earnings per Share [EPS] for the year ended is at Re 0.18/- (Re -0.14)
Financial highlights for the year ended on 31.03.2014 as against the corresponding year ended on 31.03.2013:- Turnover:Rs.29304.35 Lakhs (Rs.43933.53 Lakhs ); Profit Before Tax: Rs.179.94 Lakhs (Rs.210.49 Lakhs); Profit after Tax :Rs.122.23 Lakhs (Rs.102.76 Lakhs); Earnings per Share [EPS] for the year ended is at Rs.0.43/- (Rs 0.36/-)
14.11.2013
Unaudited Financial Results for the Quarter ended on 30th September, 2013
Turnover for the quarter: Rs.7152.48 Lakhs; Profit Before Tax for the quarter: Rs.44.42 Lakhs; Profit after Tax for the quarter Rs.28.42 Lakhs; Earnings per Share [EPS] for the year ended is at Rs. 0.10/-
30.05.2013
Today, Kanishk Steels declared the Audited Financial Results for the Year /Quarter ended on 31stMarch, 2013
Turnover for the quarter: Rs.10,878.97Lakhs / year ended Rs. 43,993.53 Lakhs; Profit Before Taxfor the quarter: Rs.11.36Lakhs /year ended Rs. 210.49 Lakhs; Profit/Loss after Tax for the quarter Rs.-39.37 Lakhs; year ended Rs.102.76 Lakhs. Earnings per Share [EPS] for the year ended is at Rs. 0.36/-
22.03.2013
Record Date for the Scheme of Arrangement
Board of Directors of the Company at its meeting held on March 21, 2013, has fixed the April 05, 2013 as the Record Date for the purpose Scheme of Arrangement as sanctioned by the High Court between Kanishk Steel Industries Ltd ("Demerged Company") and Gita Renewable Energy Ltd ("First Resulting Company") and Chennai Ferrous Industries Ltd ("Second Resulting Company") and their respective Shareholders.
The Resulting Companies shall issue and allot the equity shares to the Shareholders of Demerged Company as on the Record Date as follows:
1 (one) equity share in Gita Renewable Energy Limited ("First Resulting Company") of face value of Rs.10/- each as fully paid up for 7(Seven) equity shares of Rs.10/- each fully paid up held in the Demerged Company;
1 (one) equity share in Chennai Ferrous Industries Limited ("Second Resulting Company") of face value of Rs.10/- each as fully paid up for 8(Eight) equity shares of Rs.10/- each fully paid up held in the Demerged Company.
22.02.2013
Court approved the Scheme of Arrangement
The Hon'ble High Court of Madras, at the hearing held on held on January 04, 2013, has approved the
Scheme of Arrangement between Kanishk Steel Industries Limited, Gita Renewable Energy Limited and
Chennai Ferrous Industries Limited and their respective shareholders ('the Scheme'). However, the signed
copy of the order was received on February 21, 2013.
The meeting of the Board of Directors to take up the Scheme on record shall be held shortly.
11.02.2013
Today, Kanishk Steels declared the Unaudited Financial Results for the Quarter ended 31.12.2012
Highlights of the Third Quarter as compared to the previous year’s quarter: Turnover decreased
by 33.69 % to Rs.10,016.94 Lakhs; Profit Before Tax decreased by 39.14 % to Rs. 93.05 Lakhs;
Profit After Tax decreased by 16.34 % to Rs. 55.90 Lakhs; Earnings per Share [EPS] is at Rs.
0.20/-
09.11.2012
Today, Kanishk Steels declared the Unaudited Financial Results for the Quarter /Half year ended 30.09.2012
Highlights of the Second quarter as compared to the previous year’s quarter: Turnover decreased by 7.50 % to Rs.14,746.60 Lakhs; Profit Before Tax decreased by 34.58 % to Rs. 88.32 Lakhs; Profit After Tax decreased by 49.32 % to Rs. 66.81 Lakhs; Earnings per Share [EPS] is at Rs. 0.23/-
11.08.2012
Today, Kanishk Steels declared the Unaudited Financial Results for the Quarter ended 30.06.2012
Highlights of the First quarter as compared to the previous year’s quarter: Turnover decreased by 20.43% to Rs.11,738.72 Lakhs; Profit Before Tax decreased by 45.93 % to Rs. 88.21 Lakhs; Profit After Tax decreased by 31.09 % to Rs. 69.72 Lakhs; Earnings per Share [EPS] is at Rs. 0.24/-
28.05.2012
Today, Kanishk Steels declared the Audited Financial Results for the Quarter/year ended 31.03.2012
Highlights of the Year as compared to the Previous Year: Turnover increased by 41.6 % to Rs.60,242.36 Lakhs; Profit Before Tax increased by 7.8 % to Rs. 361.28 Lakhs; Profit After Tax decreased by 18.7 % to Rs. 261.78 Lakhs; Earnings per Share [EPS] is at Rs. 0.92/-
10.02.2012
Declaration of Financial Results for the Quarter ended 31.12.2011
During the Quarter, Net profit has increased by 150.27 % to Rs.128.14 Lakhs as against Rs.51.20 Lakhs recorded in the same period of previous year.
For the period of Nine Months ended 31.12.2011, Net profit has increased by 36.03 % to Rs. 361.16 Lakhs as against Rs.265.51 Lakhs recorded in the same period of previous year.
Earnings per Share [EPS] increases from Rs. 0.93 /- to Rs.1.27/-
14.11.2011
Declaration of Financial Results for the Quarter ended 30.09.2011
During the Quarter, Net profit rose by 11.89 % to Rs.131.84 Lakhs as against Rs.117.83 Lakhs recorded in the same period of previous year.
For the period of Half Year ended 30.09.2011, Net profit rose by 8.73% to Rs. 233.02 Lakhs as against Rs.214.31 Lakhs recorded in the same period of previous year. Earnings per Share [EPS] increases from Rs. 0.75 to Rs.0.82.
06.09.2011
AGM
Twenty First Annual General Meeting of the Company is scheduled to be held on Friday, the 30th September 2011, at 3.00 P.M at B-27 (M) SIPCOT Industrial Complex, Gummidipoondi, Thiruvallur District, Tamilnadu – 601 201.
10.08.2011
Declaration of Financial Results for the Quarter ended 30.06.2011
During the Quarter, Net profit rose by 4.87% to Rs.101.18 Lakhs as against Rs.96.48 Lakhsrecorded in the same period of previous year. Earnings per Share [EPS] increases from Rs.0.14 to Rs.0.36.
30.05.2011
Declaration of Audited Financial Results for the year ended 31.03.2011
Net profit rose 56.31% to Rs 3.22 crore in the year ended March 2011 as against Rs 2.06 crore during the previous year ended March 2010. Earning per Share [EPS] increases from Rs.0.72 to Rs.1.13
25.02.2011
Equity Shareholders approves Scheme of Arrangement
Further to the Meeting of the Equity Shareholders of the Company duly convened on 23rd February, 2011 in compliance of Order dated 24th January, 2011 of the Hon'ble High Court of Judicature at Madras, to seek their approval to the Scheme of Arrangement.
In this regard, please note that the Meeting of Equity Shareholders have been held successfully and the Equity Shareholders have approved the Scheme of Arrangement without any modification unanimously.
25.02.2011
Secured Creditors to approve Scheme of Arrangement
Further to the Meeting of the Secured creditors of the Company on 23rd February, 2011 in compliance of Order dated 24th January, 2011 of the Hon'ble High Court of Judicature at Madras, to seek their approval to the Scheme of Arrangement.
In this regard, please note that after 30 minutes of the scheduled time for the commencement of the meeting of the secured creditors, the said meeting was dissolved by the Chairman of the meeting without conducting any business due to absence of requisite quorum as prescribed by the Hon’ble High Court of Judicature at Madras by an order dated 24th January, 2011.
Tuesday, 18 May 2010 08:30am EDT
Kanishk Steel Industries Ltd. announced that the Company has considered and approved a proposal to restructure the business of the Company. The proposal shall be implemented by a Scheme of Arrangement under the provisions of Section 391-394 of the Companies Act, 1956 as tabled before the Board which will provide for the transfer by way of demerger of the power division of the company to Gita Renewable Energy Limited and the Sponge Iron Division of the company to Chennai Ferrous Industries Limited. In consideration for the transfer of the divisions as above, the shareholders in the company shall receive one equity share (of face value INR10) in Gita Renewable Energy, for every seven equity shares (of face value of INR10) in Chennai Ferrous for every eight equity shares (of face value of INR10) presently held in the Company. The above re-structuring will result in three listed entities Kanishk Steel Industries Limited carrying out the steel business of the Company, Gita Renewable Energy Limited carrying out the power business of the Company and Chennai Ferrous Industries Limited carrying out the sponge iron business of the Company. Pursuant to the demerger the shares of Gita Renewable Energy Limited and Chennai Ferrous Industries Limited shall be listed on the Bombay Stock Exchange.
Foundation of Steel
Published Date: 9/25/2005
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