Punjab Tractors (Delisted) share news and announcements

BSE: 500344

Last traded ₹96.05 on 24 Feb 2009

Delisted on 11 May 2009.

Last results date

The last board meeting held for results; the company has not yet given notice of the next.Punjab Tractors quarterly results

Jan19Mon

The board met on 19 Jan 2009 to consider unaudited financial results

Notice filed 9 Jan 2009

Inter alia, to consider and approve the Un-audited Financial Results (Provisional) of the Company for the Third quarter and nine month period ended December 31, 2008.

Punjab Tractors annual reports, presentations and earnings calls

The company's own documents, latest first.Punjab Tractors financials, year by year

Annual reports12

7 earlier reports

Punjab Tractors share news and announcements

63 announcements, routine notices left out, newest first. Page 1 of 2.

  1. Feb 2009

    • 18 Feb · Business

      Brief note on the Scheme. 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.

    • 18 Feb · Suspension of trading in equity shares

      Members of the Exchange are hereby informed that the trading in equity shares of Punjab Tractors Ltd. shall be suspended w.e.f. February 25, 2009 (i.e. closing hours of trading on February 24, 2009) on account of Scheme of Amalgamation of Punjab Tractors Ltd. with Mahindra & Mahindra Ltd.

    • 16 Feb · Corporate action

      Mahindra & Mahindra Ltd. has informed the Exchange that "This is further to our letters dated 30th January, 2009 & 16th February, 2009 regarding the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders ("the Scheme"). We wish to inform you that the Company has fixed Wednesday, the 4th March, 2009 as the 'Record Date' for the purpose of ascertaining the Shareholders of the erstwhile Punjab Tractors Limited ("PTL") who would be entitled to receive Equity Shares of the Company in terms of the Scheme. In accordance with the Scheme, the Company will issue and allot to those Shareholders of PTL whose names appear in the Register of Members of PTL on the record date, 1 (One) equity share of Rs. 10 each fully paid up in the capital of the Company for every 3 (Three) equity shares of Rs. 10 each fully paid up held in the equity share capital of PTL. The equity share certificate(s) of PTL will not be called back by the Company for exchange with the equity shares of the Company. The equity shares issued by PTL will not be tradable or negotiable on and from the Record Date or such other earlier date as may be fixed by the Stock Exchanges in this regard.The Equity Shares, proposed to be issued by the Company, will be submitted for listing with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited and they shall rank pari-passu with the then existing Equity Shares of the Company".

  2. Jan 2009

    • 30 Jan · Business

      Punjab Tractors Ltd. has informed the Exchange that: "The Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders vide Order dated January 09, 2009, a certified copy of which was made available on January 22, 2009. The Hon'ble High Court of Punjab and Haryana, Chandigarh has also approved the Scheme vide order dated January 16, 2009. However, the certified copy of this order is yet to be received. The Effective Date of the Scheme will be the last of the dates on which the said certified copies of the Orders passed by the aforesaid High Courts are filed with the Registrar of Companies, Maharashtra, Mumbai and the Registrar of Companies, Punjab, Jalandhar respectively".

    • 19 Jan · Business

      Punjab Tractors Ltd. has informed the Exchange regarding the press release dated January 19, 2009, titled "PTL's 9 months profit Zooms 110%". 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 Jan · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 35633 lacs for quarter ending on 31-DEC-2008 against Rs. 30290 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 3503 lacs for the quarter ending on 31-DEC-2008 against Rs. 2540 lacs for the quarter ending on 31-DEC-2007.

    • 9 Jan · Board meeting

      Inter alia, to consider and approve the Un-audited Financial Results (Provisional) of the Company for the Third quarter and nine month period ended December 31, 2008.

  3. Dec 2008

    • 30 Dec · Updates

      Punjab Tractors Ltd. has informed the Exchange that "Punjab Tractors Limited has entered into a Memorandum of Understanding dated December 30, 2008 with Sumitomo Corporation, Japan expressing its intention to sell 14,72,000 equity shares in Swaraj Mazda Limited to Sumitomo Corporation, Japan. We understand that Sumitomo Corporation, Japan has given intimation to the Stock Exchanges under Regulation 3(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations") through an inter-se transfer under Regulation 3(1)(e) of SEBI (SAST) Regulations. The acquisition price for the proposed acquisition would be Rs.272 per share and the date of proposed acquisition by Sumitomo Corporation, Japan would be 6th January, 2009. The transaction is subject to successful conclusion of the Share Transfer Agreement."

    • 18 Dec · Updates

      Punjab Tractors Ltd. has informed the Exchange vide its letter dated December 18, 2008 that "In line with the suppressed market demand conditions for tractors, the Company has made necessary adjustments to moderate its manufacturing activities at its plants located at District S.A.S. Nagar (Mohali) during the coming period".

  4. Nov 2008

    • 17 Nov · Business

      Punjab Tractors Ltd. has informed the Exchange that at the Court Convened Meeting of Equity Shareholders of the Company held on Saturday, 15th November, 2008, a poll was conducted for the purposes of considering and, if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders('the Scheme'). At the meeting, the Scheme has been approved with an overwhelming majority in number and value (99.99%), by the Equity Shareholders present at the Meeting and voting in person or by proxy.

    • 4 Nov · Notice of Meeting

      Punjab Tractors Ltd. has informed the Exchange that by order made on September 18, 2008 in the Punjab Tractors Limited Company Petition No. 135 of 2008 the Hon'ble High Court of Punjab & Haryana at Chandigarh has directed that a meeting of Equity Share Holders of the petitioner company be held on November 15, 2008 for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of amalgamation between Punjab Tractors Limited (Transferor Company/PTL) and Mahindra and Mahindra Limited (Transferee Company/M&M) and their respective shareholders and creditors. 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.

  5. Oct 2008

    • 21 Oct · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 61522 lacs for half year ending on 30-SEP-2008 against Rs. 38080 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 4973 lacs for the half year ending on 30-SEP-2008 against Rs. 1310 lacs for the half year ending on 30-SEP-2007.

    • 21 Oct · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 30453 lacs for quarter ending on 30-SEP-2008 against Rs. 20690 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 2729 lacs for the quarter ending on 30-SEP-2008 against Rs. 980 lacs for the quarter ending on 30-SEP-2007.

    • 21 Oct · Business

      Punjab Tractors Ltd. has informed the Exchange regarding the press release dated October 21, 2008, titled "PTL Q2 Profit Up 162%". 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.

    • 10 Oct · Board meeting

      Inter alia, to consider and approve the Un-audited Financial Results (Provisional) of the Company for the second quarter and half year ended September 30, 2008.

  6. Jul 2008

    • 30 Jul · Management

      Punjab Tractors Ltd. has informed the Exchange that: "Mr. R.R. Nair has been appointed as a Nominee Director of Life Insurance Corporation of India with effect from 30th July, 2008 in place of Mr. K. Sahay".

    • 30 Jul · Board meeting

      Punjab Tractors Ltd. has informed the Exchange that the Board of Directors of the Company ( hereinafter also referred to as 'PTL' or Company) at its Meeting held on 30th July, 2008 have approved the Scheme of Amalgamation(" Scheme ") of the Company with Mahindra and Mahindra Limited ('M&M') under the provisions of Section 391 to 394 of the Companies Act, 1956. The Company is a subsidiary of M&M and M&M, directly or indirectly, holds about 64.64% of its Equity Share Capital. The Scheme is subject to the consent of the requisite majority as the case may be of the Shareholders and/or Creditors of the Company and M&M as may be directed and sanction of the Scheme by the Hon'ble High Court of Punjab & Haryana, Chandigarh and the Hon'ble High Court of Judicature at Bombay. 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.

    • 25 Jul · Board meeting

      To inter alia consider a Scheme of Amalgamation involving Amalgamation of the Company with Mahindra & Mahindra Limited, the Holding company and other consequential matters.

    • 21 Jul · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 31410 lacs for quarter ending on 30-JUN-2008 against Rs. 17390 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 2244 lacs for the quarter ending on 30-JUN-2008 against Rs. 330 lacs for the quarter ending on 30-JUN-2007.

    • 21 Jul · Business

      Punjab Tractors Ltd. has informed the Exchange regarding the press release dated July 21, 2008, titled "PTL Q1 Profit Jumps to Rs. 32 crores". 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.

    • 11 Jul · Board meeting

      Inter-alia, to consider and approve the Unaudited Financial Results (Provisional) of the Company for the first quarter ended June 30, 2008.

    • 7 Jul · Meeting

      Punjab Tractors Ltd. has informed the Exchange regarding the Outcome of Annual General Meeting held on July 07, 2008.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.

    • 1 Jul · Business

      Punjab Tractors Ltd. has informed the Exchange regarding a press release title "Punjab Tractors Ltd records 74% growth in Tractor Sales in June 2008."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.

  7. Jun 2008

    • 12 Jun · Meeting

      Punjab Tractors Ltd. had informed the Exchange regarding Notice Convening Annual General Meeting of the Company on June 16, 2008. The Company has now informed the Exchange that in view of June 16, 2008 declared as a Public Holiday in the State of Punjab by the Punjab Government within the meaning of Section 25 of the Negotiable Instruments Act, 1881, the Annual General Meeting of the Company to be held on June 16, 2008 stand Cancelled. The Annual General Meeting of the Company will now be held on July 07, 2008. Further the notice of AGM 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. May 2008

    • 23 May · Meeting

      Punjab Tractors Ltd. has submitted to the Exchange a copy of the Notice of the Annual General Meeting of the Shareholders of the company to be held on June 16, 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.

    • 12 May · Corporate action

      Punjab Tractors Ltd. has informed the Exchange that the company has announced the Book Closure from June 05, 2008 to June 10, 2008 (Both days inclusive) for the purpose of payment of Dividend @ 50% (Rs. 5.00 per share).

    • 7 May · Business

      Punjab Tractors Ltd. has informed the Exchange regarding a press release dated May 07, 2008, titled "Punjab Tractors Q 4 Profit Up 133% ; Declares 50% Dividend". 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.

    • 7 May · Dividend

      Punjab Tractors Ltd. has informed the Exchange that the Board of Directors of the Company in their meeting held on May 07, 2008 have recommended a dividend of Rs. 5/- per share on 6,07,55,700 equity shares of Rs. 10/- each subject to the approval of the shareholders at the Annual General Meeting.

    • 7 May · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 96959 lacs for year ending on 31-MAR-2008 against Rs. 95034 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 6517 lacs for the year ending on 31-MAR-2008 against Rs. 7798 lacs for the year ending on 31-MAR-2007.

    • 7 May · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 28589 lacs for quarter ending on 31-MAR-2008 against Rs. 22074 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 2667 lacs for the quarter ending on 31-MAR-2008 against Rs. 1738 lacs for the quarter ending on 31-MAR-2007.

  9. Apr 2008

    • 25 Apr · Board meeting

      Inter alia, to approve Audited Financial Results of the Company for the year ended March 31, 2008 and to recommend equity dividend.

    • 17 Apr · Results

      Punjab Tractors Ltd. has informed the Exchange that: "The Company will publish the Audited Results for the Financial Year ended 31st March, 2008 within the stipulated period of 3 months from the end of financial year".

  10. Jan 2008

    • 22 Jan · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 30290 lacs for quarter ending on 31-DEC-2007 against Rs. 26340 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 2540 lacs for the quarter ending on 31-DEC-2007 against Rs. 2460 lacs for the quarter ending on 31-DEC-2006.

    • 22 Jan · Business

      Punjab Tractors Ltd. has informed the Exchange regarding a press release dated January 22, 2008, titled "Punjab Tractors Announces Q3 Results". 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.

    • 11 Jan · Board meeting

      Inter alia, to consider and approve the un-audited financial results (Provisional) of the Company for the third quarter and nine month period ended December 31, 2007.

  11. Dec 2007

    • 13 Dec · Management

      Punjab Tractors Ltd. has informed the Exchange that: "Consequent upon his resignation dated 30th November, 2007 Shri S. Durgashankar ceased to be the Director of the Company".

  12. Oct 2007

    • 25 Oct · Management

      Punjab Tractors Ltd. has informed the Exchange that: "Consequent upon nomination by General Insurers' (Public Sector) Association of India member companies and GIC. Shri S. K. Chanana, General Manager, The Oriental Insurance Co. Ltd. has been co-opted on the Company's Board as an Additional Director in place of Shri M. Raghavendra w.e.f. 23rd October, 2007. However, the Board of Directors of the Company has appointed Shri Raghavendra as an Additional and Independent Director of the Company w.e.f. 23rd October, 2007. S/Shri V.S.Parthasarathy and Narayan Shankar, senior executives of Mahindra & Mahindra Ltd. have been co-opted as additional Directors of the Company w.e.f. 23rd October, 2007."

    • 23 Oct · Business

      Punjab Tractors Ltd. has informed the Exchange regarding a press release dated October 23, 2007, with respect to the Unaudited financial results for the quarter ended September 30, 2007. 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.

    • 23 Oct · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 38080 lacs for half year ending on 30-SEP-2007 against Rs. 46620 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 1310 lacs for the half year ending on 30-SEP-2007 against Rs. 3600 lacs for the half year ending on 30-SEP-2006.

    • 23 Oct · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2007 as follows: Net Sales of Rs. 20690 lacs for quarter ending on 30-SEP-2007 against Rs. 22260 lacs for the quarter ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 980 lacs for the quarter ending on 30-SEP-2007 against Rs. 1830 lacs for the quarter ending on 30-SEP-2006.

    • 15 Oct · Board meeting

      Meeting on 23 Oct 2007: “Unaudited Results for Qtr & Half year ended Sep 30, 2007”

  13. Sep 2007

    • 7 Sep · Meeting

      Punjab Tractors Ltd. has informed the Exchange that the Annual General Meeting of the Company will be held on September 22, 2007.

  14. Aug 2007

    • 20 Aug · Corporate action

      Punjab Tractors Ltd. has informed the Exchange that the Company has announced Book Closure from September 10, 2007 to September 15, 2007 (Both days inclusive) for the purpose of Annual General Meeting.

  15. Jul 2007

    • 26 Jul · Business

      Punjab Tractors Ltd. has informed the Exchange regarding a press release dated July 26, 2007, with respect to the Board Meeting held on July 26, 2007 titled as "Financial Results : Q1 (2007-08)". 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.

    • 26 Jul · Results

      Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 17390 lacs for quarter ending on 30-JUN-2007 against Rs. 24360 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. 330 lacs for the quarter ending on 30-JUN-2007 against Rs. 1770 lacs for the quarter ending on 30-JUN-2006.

    • 19 Jul · Board meeting

      Meeting on 26 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”

    • 18 Jul · Disclosure

      Punjab Tractors Ltd. has informed the Exchange that the Company has received a disclosure from A.Cee Enterprises under Regulation 13(1) of SEBI (Prohibition of Insider Trading) Regulations, 1992. Accordingly, Pursuant to regulation 13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992, 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.

    • 16 Jul · Management

      Punjab Tractors Ltd. has informed the Exchange regarding decisions been taken by the Directors at the Meeting of the Board held on July 14, 2007. In this regard a copy of press release is issued dated July 14, 2007, titled "PTL Announces Board Level Changes". The details 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.

    • 11 Jul · Management

      Punjab Tractors Ltd. has informed the Exchange that: "Consequent upon their resignations dated 6th July, 2007 S/Shri P.D.Narang, Donald Peck and Steven Enderby ceased to be the Directors of the Company".

    • 5 Jul · Post offer Public announcement

      Post-offer public announcement released in connection with the Open Offer by Mahindra & Mahindra Limited ("M&M") and Mahindra Holdings & Finance Limited ("MHFL") to the shareholders of Punjab Tractors Limited ("PTL"), in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 as amended. 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.

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

  • 7 May 2008Dividendup 0.58%+1.0 pts vs Nifty 500market median 0.0% · five sessions −9.6% (−5.4 pts vs Nifty 500) · volume 8.5× usual
  • 13 Dec 2007Board or managers changeddown 0.18%+0.7 pts vs Nifty 500market median 0.0% · five sessions +3.7% (+9.3 pts vs Nifty 500) · volume 0.5× usual

Sharp moves

11 of the 17 shown had no filing that day or the next.

MoveAgainst the Nifty 500Times its usual moveVolume, times usualFilings

  • 31 Oct 2008No filing that day or the nextup 18.70%+12.6 pts vs Nifty 5004.9× its usual move · volume 2.1× usual
  • 24 Oct 2008No filing that day or the nextdown 12.93%−2.0 pts vs Nifty 5003.4× its usual move · volume 1.7× usual
  • 13 Oct 2008No filing that day or the nextup 10.61%+4.8 pts vs Nifty 5003.1× its usual move · volume 0.6× usual
  • 30 Jul 20082 filingsdown 18.56%−21.5 pts vs Nifty 5007.8× its usual move · volume 23.0× usual
  • 21 Jul 20082 filingsup 10.98%+9.7 pts vs Nifty 5005.5× its usual move · volume 60.8× usual
  • 14 Jul 2008No filing that day or the nextup 6.61%+6.9 pts vs Nifty 5003.6× its usual move · volume 2.9× usual
  • 27 Feb 2008No filing that day or the nextup 10.26%+10.2 pts vs Nifty 5001.7× its usual move · volume 11.1× usual
  • 23 Jan 20082 filingsup 10.78%+3.9 pts vs Nifty 5002.0× its usual move · volume 0.1× usual
  • 21 Jan 2008No filing that day or the nextdown 13.46%−3.3 pts vs Nifty 5002.6× its usual move · volume 0.3× usual
  • 4 Jan 2008No filing that day or the nextup 29.49%+28.4 pts vs Nifty 50010.3× its usual move · volume 48.8× usual
7 earlier moves
  • 14 Dec 2007No filing that day or the nextup 11.20%+11.1 pts vs Nifty 5004.3× its usual move · volume 5.7× usual
  • 6 Dec 2007No filing that day or the nextup 9.27%+9.3 pts vs Nifty 5004.2× its usual move · volume 6.8× usual
  • 26 Sep 2007No filing that day or the nextup 5.89%+5.6 pts vs Nifty 5003.9× its usual move · volume 4.5× usual
  • 28 Jun 2007No filing that day or the nextdown 4.03%−4.3 pts vs Nifty 5003.1× its usual move · volume 0.5× usual
  • 15 Jun 20071 filingdown 4.33%−4.4 pts vs Nifty 5003.7× its usual move · volume 0.7× usual
  • 14 Jun 20071 filingdown 4.81%−6.4 pts vs Nifty 5004.8× its usual move · volume 0.3× usual
  • 21 May 20071 filingup 4.79%+3.8 pts vs Nifty 5005.5× its usual move · volume 7.5× usual