Madras Aluminium Co. Ltd., (Delisted) share news and announcements

BSE: 504580

Last traded ₹115.85 on 11 Jun 2009

Delisted on 19 Jun 2009.

Last results date

The last board meeting held for results; the company has not yet given notice of the next.Madras Aluminium Co. Ltd., quarterly results

Apr28Tue

The board met on 28 Apr 2009 to consider unaudited financial results and dividend

Notice filed 16 Apr 2009

Inter-alia to consider the Un-audited Quarterly Financial Results and Annual Accounts for the period ended March 31, 2009 and also to consider declaration of dividend, if any, on the equity shares of the company

Madras Aluminium Co. Ltd., annual reports, presentations and earnings calls

The company's own documents, latest first.Madras Aluminium Co. Ltd., financials, year by year

Annual reports16

Annual report, year to Mar 2013 (opens in a new tab)Filing day not known
Annual report, year to Mar 2012 (opens in a new tab)Filing day not known
Annual report, year to Mar 2011 (opens in a new tab)Filing day not known
Annual report, year to Mar 2010 (opens in a new tab)Filing day not known
Annual report, year to Mar 2009 (opens in a new tab)Filing day not known

11 earlier reports

Annual report, year to Mar 2008 (opens in a new tab)Filing day not known
Annual report, year to Mar 2007 (opens in a new tab)Filing day not known
Annual report, year to Mar 2006 (opens in a new tab)Filing day not known
Annual report, year to Mar 2005 (opens in a new tab)Filing day not known
Annual report, year to Mar 2004 (opens in a new tab)Filing day not known
Annual report, year to Mar 2003 (opens in a new tab)Filing day not known
Annual report, year to Mar 2002 (opens in a new tab)Filing day not known
Annual report, year to Mar 2001 (opens in a new tab)Filing day not known
Annual report, year to Mar 2000 (opens in a new tab)Filing day not known
Annual report, year to Mar 1999 (opens in a new tab)Filing day not known
Annual report, year to Mar 1998 (opens in a new tab)Filing day not known

Madras Aluminium Co. Ltd., share news and announcements

41 announcements, routine notices left out, newest first.

Jun 2009
- 8 Jun · Meeting
  Annual General Meeting of the Members of the Company is scheduled to be held on June 24, 2009. Further the Company had informed the Exchange that the Board of Directors of the Company at its meeting held on April 28, 2009 has recommended a dividend of Rs.1.80 per equity share of Rs.2/- each for the current year. The payment is subject to the approval of the shareholders in the Annual General Meeting. The Company has further informed that the Register of Members and Share Transfer Books of the Company will remain closed from June 17, 2009 till June 24, 2009 (both days inclusive).
May 2009
- 29 May · Suspension and Delisting of trading in equity shares
  Members of the Exchange are hereby informed that the trading in the equity shares of The Madras Aluminium Co. Ltd. shall be suspended w.e.f. June 12, 2009 (i.e. w.e.f. closing hours of trading on June 11, 2009) on account of voluntary delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003. The admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. June 19, 2009.
- 29 May · Delisting of shares
  Madras Aluminium Co Ltd has, with reference to the Delisting of the equity shares of the Company from the Exchange, submitted to the Exchange the details of the name, address and contact numbers of the Contact Person at RTA and at the Company for solving Investor queries post Delisting. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Apr 2009
- 28 Apr · Dividend
  Board of Directors of the Company at its meeting held on April 28, 2009 has recommended a dividend of Rs.1.80 per equity share of Rs.2/- each for the current year. The payment is subject to the approval of the shareholders in the Annual General Meeting.
- 16 Apr · Board meeting
  Inter-alia to consider the Un-audited Quarterly Financial Results and Annual Accounts for the period ended March 31, 2009 and also to consider declaration of dividend, if any, on the equity shares of the company
Mar 2009
- 24 Mar · Delisting offer
  "This public announcement ("Public Announcement" / "PA") is being issued by Twin Star Holdings Limited ("THL" or "Acquirer"), pursuant to clause 10 of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Guidelines") to the public shareholders ("Shareholders") of The Madras Aluminium Company Limited (the "Company") in respect of the proposed acquisition and delisting of the fully paid-up equity shares ("Equity Shares") of the Company under the Guidelines, (the "Delisting Offer"). The Acquirer is pleased to announce the results of the Delisting Offer and the discovered price per Offer Share, as determined through the reserve book building process using the electronic facility of the Bombay Stock Exchange Limited ("BSE"). The Acquirer has accepted the discovered price of Rs. 115 per Offer Share ("Exit Price') established by the reserve book building process which was opened on March 17, 2009 and closed on March 20, 2009 for the Shareholders holding Offer Shares in the dematerialized form, in accordance with the Guidelines (being the price at which the maximum number of Offer Shares have been tendered). Accordingly, the Acquirer shall accept all the bids at or below the Exit Price and the Shareholders who have tendered their Offer Shares at or below the Exit Price will be paid the consideration at the Exit Price of Rs. 115 per Offer Share. The final settlement date for the Offer Shares held in dematerialized form that have been tendered at or below the Exit Price is March 25, 2009. Dispatch of consideration to the shareholders will start upon the completion of the final settlement as per the Bid Letter. The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.
Feb 2009
- 27 Feb · Public Announcement - Delisting
  Public Announcement ("Public Announcement"/"PA") being issued by Twin Star Holdings Limited ("THL" or "Acquirer"), under clause 7 of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Guidelines") to the public shareholders of The Madras Aluminium Company Limited ("Company") in respect of the proposed acquisition of the fully paid-up equity shares and delisting of the Company under the Guidelines, (the "Delisting Offer"). THL, as the sole promoter of the Company, currently holds 9,00,00,000 fully paid-up equity shares of Rs.2/- each representing 80% of the fully paid-up equity share capital of the Company. There are no other promoters of the Company. The Acquirer is making this PA to the public shareholders of the equity shares of the Company ("Shareholders"), to acquire, in accordance with the Guidelines and on the terms and subject to the conditions set out in PA, upto 2,25,00,000 fully paid-up equity shares of the Company with a face value of Rs.2/- each, representing approx. 20% of the fully paid-up equity share capital of the Company (the "Offer Shares") under the Guidelines. Consequently, the Acquirer seeks to delist the equity shares of the Company pursuant to the voluntary delisting procedures as set out in the Guidelines for the reasons set out in paragraph 2.5 of the PA. The board of directors of the Acquirer has vide its resolution dated February 25, 2009, approved a price not exceeding Rs. 105 per equity share for the Delisting Offer. However, this should in no way be construed as (i) a ceiling or maximum price for the purposes of the reverse book building process contemplated herein, and the Shareholders are free to tender their equity shares at any price higher than the Floor Price; or (ii) a commitment by the Acquirer to purchase 2,25,00,000 equity shares of the Company if the Discovered Price is Rs. 105 or less; or (iii) any restriction on the ability of the board of directors of the Acquirer to modify the aforesaid resolution. The Bid Opening date is March 17, 2009 and Bid Closing Date is March 20, 2009. A copy of the Public Announcement - Delisting shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 19 Feb · Voluntary Delisting
  At the Extra-Ordinary General Meeting of the Company held on February 18, 2009, the Shareholders have granted in principle approval to the proposal for Voluntary Delisting of the Company's equity shares.
- 9 Feb · Disclosure
  "As required under Regulation 8A(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997/2009, we hereby confirm that the Promoter, M/s Twinstar Holdings Limited have not pledged any shares held by them". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2009
- 24 Jan · Meeting
  Based on the requisition of M/s Twinstar Holdings Ltd, the present promoters of the Company, the Company has convened an Extra - ordinary General Meeting on February 18, 2009 to consider the proposal of Voluntary Delisting of the Equity shares of the Company from the Stock Exchanges. Further the Company has submitted a copy of notice to the shares holders. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 20 Jan · Management
  (1) The terms of Mr. Suresh Rathi, CEO & Whole-Time Director has expired on January 16, 2009 and Mr.Ramesh Nair has been appointed as Director of the Company w.e.f. January 19, 2009. However Mr. Rathi will continue as CEO of the Company. (2) The Company has received a proposal from M/s Twinstar Holdings Limited (part of Vedanta Resources Plc.) the present promoters of the Company holding 80% of the equity capital, to acquire balance 20% equity shares of the Company in accordance with SEBI (Delisting of Securities) Guidelines, 2003.
- 12 Jan · Board meeting
  Inter-alia to consider the Audited Quarterly Financial Results for the period ended December 31, 2008.
Dec 2008
- 10 Dec · Updates
  Madras Aluminium Co Ltd had informed the Exchange regarding company's smelter operations. The Company has now informed the Exchange that: "In view of continuous fall in LME Aluminium prices, the Company has reviewed the business outlook for Aluminium business and has decided to temporarily suspend the entire Aluminium production with immediate effect. The Alumina refinery will operate only to cater to the other industrial requirements. However, the Company's power plant will continue to operate and sell power to third parties".
Nov 2008
- 20 Nov · Updates
  (1) The Company has temporarily reduced its aluminium production by sixty percent on account of falling LME aluminium prices and higher input costs/cost of production. However, the aluminium refinery continues to operate at its optimal capacity. (2) The Company has decided to sell surplus power generated from its captive power plant to third parties within Tamil Nadu. The sale of power has been permitted by the Tamil Nadu Electricity Board under Tamil Nadu Intra-State Open Access Regulations, 2005. (3) The Company has transferred the management control of India Foils Limited in which the Company had a controlling stake, to M/s ESS DEE Aluminium Limited. The transfer of management control is as per the Rehabilitation Scheme approved by the Board for Industrial and Financial Reconstruction vide its order dated August 18, 2008
Oct 2008
- 10 Oct · Board meeting
  Company had informed the Exchange that the Board Meeting dated October 16, 2008, to consider the Audited Quarterly and Half Yearly Financial Results for the period ended September 30, 2008. The Company has now infomed the Exchange that due to the travel schedule of one of the Company Directors, the Meeting of Board of Directors of the Company is re-scheduled and will now be held on October 17, 2008, Inter-alia to consider the Audited Quarterly and Half Yearly Financial Results for the period ended September 30, 2008.
- 7 Oct · Board meeting
  Inter-alia to consider the Audited Quarterly and Half Yearly Financial Results for the period ended September 30, 2008.
Sep 2008
- 24 Sep · Restructuring/ Others
  In view of the recent changes in the global financial markets, and investor feedback an urgent meeting of the Board of Directors of the Company was convened on September 24, 2008 to review the proposed Restructuring Scheme approved in the meeting held on September 09, 2008. After deliberations, the Board has decided not to pursue the proposed Restructuring Scheme. The Company is committed to simplifying and streamlining the Group Corporate structure in the interest of all shareholders. Further, the Company has submitted to the Exchange a copy of the press release dated September 24, 2008, titled "Vedanta not to pursue proposed Group Restructuring (the "Restructuring")". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 9 Sep · Business
  Common press release, released by Sterlite/ Vedanta Group dated September 09, 2008, titled "Simplifying the Corporate Structure". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 9 Sep · Restructuring/ Others
  Board of Directors of the Company in their meeting held on September 09, 2008 approved a Scheme of Arrangement ("the Scheme"). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 8 Sep · Board meeting
  To consider the proposal for the restructuring of the business of the Company.
Aug 2008
- 11 Aug · Meeting
  Minutes of the Annual General Meeting of the members of the Company held on July 08, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jul 2008
- 10 Jul · Board meeting
  Interalia to review and approve the Quarterly Results for the period ended on June 30, 2008.
- 9 Jul · Corporate action
  Boards of Directors of the Company in their meeting held on July 08, 2008 have approved July 24, 2008 as the Record Date for determining the eligibility of Shareholders entitled to receive sub-divided shares of Rs.2/- each. Further the Board has also accepted the resignation of Mr. Tarun Jain and Mr. Pravin Agarwal, Directors of the Company w.e.f. June 30, 2008.
- 8 Jul · Meeting
  Annual General Meeting of the Company was held on July 08, 2008 and all the resolution as set out in the Notice of Annual General Meeting have been passed, including declaration of Dividend at 90% on the Equity shares of the Company for the year 2007-08 and sub-division of Equity Shares from Rs.10/- to five shares of Rs.2/- each. A copy of the notice of Annual General Meeting shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 4 Jul · Board meeting
  Inter-alia to fix the record date for issuing sub-divided shares of Rs.2/- each. The record date will be fixed after the proposal for sub-division of shares from Rs.10/- to 5 shares of Rs.2/- each is approved by the Shareholders at the ensuing Annual General Meeting on July 08, 2008.
May 2008
- 23 May · Meeting
  Register of Members and Share Transfer Books of the Company will remain closed on June 14, 2008 for the purposes of dividend entitlement. Further, the payment of dividend recommended by the Board of Directors @90% (Rs. 9/- per share on face value of Rs.10/- per share) is subject to shareholders approval at the ensuing Annual General Meeting scheduled to be held on July 08, 2008.
- 20 May · Sub division/split
  Board of Directors of the Company at its meeting held on May 16, 2008 has approved the Sub-Division/Split of the Equity Shares of the Company from Rs.10/- per share to 5 (Five) shares of Rs.2/- each.
- 15 May · Board meeting
  To consider amongst other things, Sub-division/ Split of the Equity Shares of the Company.
Apr 2008
- 30 Apr · Dividend
  Board of Directors of the Company at its meeting held April 29, 2008 have recommended payment of dividend at 90% (Rs. 9/- per share) on the equity share capital of the Company for the year 2007-08.
- 10 Apr · Board meeting
  Inter-alia to consider the Audited Quarterly Financial Results along with Audited Annual Accounts for the period ended March 31, 2008 and also to consider declaration of dividend, if any, on the equity shares of the Company.
Feb 2008
- 18 Feb · Updates
  The Madras Aluminium Company Limited - MALCO (the current promoter of India Foils Limited) has decided to joins hands with ESS DEE Aluminium Limited to work towards the revival of India Foils Limited through a Rehabilitation Scheme in consultation with the Operating Agency and subject to Board for Industrial & Financial Reconstruction (BIFR) and other regulatory approvals as may be necessary
Jan 2008
- 2 Jan · Board meeting
  Inter-alia to consider the Audited Quarterly Financial Results for the Third Quarter ended December 31, 2007.
Oct 2007
- 8 Oct · Board meeting
  Inter alia to consider the Quarterly Results for the Second Quarter and Half Year ended September 30, 2007.
Jul 2007
- 31 Jul · Meeting
  Proceedings (Minutes) of the Annual General Meeting of the Company held on June 28, 2007. A copy of the proceedings shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 6 Jul · Miscellaneous
  1) MALCO (The Madras Aluminium Co Ltd) has been awarded the ICWAI National Award for Excellence in Cost Management-First Prize in Private Sector-Manufacturing -Unit Category by the Institute of Cost and Works Accountants of India (ICWAI) on July 02, 2007. 2) MALCO has become a 100% debt free Company as on June 15, 2007.
- 6 Jul · Board meeting
  Interalia to consider the Quarterly Results for the first quarter ended June 30, 2007.
May 2007
- 28 May · Meeting
  The 47th Annual General Meeting of the Company for considering , inter alia, adoption of Annual Accounts, is being convened to be held on Thursday, the 28th June , 2007. The Register of Members and Share Transfer Books of the Company will remain closed from 20th June , 2007 to 28th June, 2007 both days inclusive, on account of Annual General Meeting of the Company. The Interim Dividend of Rs.9 per share (90%) declared by the Board of Directors in their meeting held on 17th March, 07 and paid on record date - 29th March, 2007 has been decided as the final dividend by the Board in its meeting held on 18th April, 07
Apr 2007
- 28 Apr · Voluntary Delisting
  The equity shares of the company have been delisted from the Madras Stock Exchange Ltd. (MSE) w.e.f. 10th April 2007
- 19 Apr · Business
  Press release dated April 18, 2007, titled "Nine Months Net Profit up by 181% to Rs 135 crores; Announces expansion project for Rs 175 crore". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
- 19 Apr · Board meeting
  The Board approved the expansion project of the Company at an outlay of Rs. 175 crores.
- 13 Apr · Board meeting
  Inter-alia to consider the Quarterly & Annual Financial Results for the quarter and financial year 2006-07 ended March 31, 2007.

How the price met the news

The first session after each announcement, beside the market.

That dayAgainst the Nifty 500Market median on that newsFive sessionsFive sessions against the Nifty 500Volume, times usual

29 Apr 2009Dividendup 0.57%−2.3 pts vs Nifty 500market median 0.0% · five sessions +1.6% (−7.8 pts vs Nifty 500) · volume 0.6× usual
30 Apr 2008Dividendup 1.87%+2.1 pts vs Nifty 500market median 0.0% · five sessions +25.4% (+26.2 pts vs Nifty 500) · volume 4.0× usual

Sharp moves

8 of the 11 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

9 Sep 20082 filingsup 17.37%+17.8 pts vs Nifty 5001.6× its usual move · volume 164.0× usual
8 Sep 20083 filingsup 19.91%+17.5 pts vs Nifty 5001.9× its usual move · volume 53.0× usual
10 Jul 20081 filingup 13.04%+13.0 pts vs Nifty 5003.5× its usual move · volume 3.6× usual
21 Apr 2008No filing that day or the nextup 10.10%+8.3 pts vs Nifty 5002.3× its usual move · volume 0.5× usual
27 Mar 2008No filing that day or the nextup 10.04%+10.2 pts vs Nifty 5002.4× its usual move · volume 2.2× usual
22 Jan 2008No filing that day or the nextdown 15.31%−8.7 pts vs Nifty 5004.3× its usual move · volume 4.6× usual
21 Jan 2008No filing that day or the nextdown 10.57%−0.4 pts vs Nifty 5003.2× its usual move · volume 1.3× usual
15 Nov 2007No filing that day or the nextup 12.20%+11.8 pts vs Nifty 5003.6× its usual move · volume 2.2× usual
15 Oct 2007No filing that day or the nextup 20.00%+16.2 pts vs Nifty 50010.4× its usual move · volume 11.7× usual
13 Jul 2007No filing that day or the nextup 11.51%+10.5 pts vs Nifty 5005.6× its usual move · volume 6.0× usual

1 earlier move

11 Apr 2007No filing that day or the nextup 10.68%+10.3 pts vs Nifty 5003.9× its usual move · volume 5.8× usual

Last results date

Madras Aluminium Co. Ltd., annual reports, presentations and earnings calls

Annual reports16

Madras Aluminium Co. Ltd., share news and announcements

Jun 2009

May 2009

Apr 2009

Mar 2009

Feb 2009

Jan 2009

Dec 2008

Nov 2008

Oct 2008

Sep 2008

Aug 2008

Jul 2008

May 2008

Apr 2008

Feb 2008

Jan 2008

Oct 2007

Jul 2007

May 2007

Apr 2007

How the price met the news

Sharp moves