Source: http://bmlindia.com/profile.html
Timestamp: 2019-04-22 16:32:02+00:00

Document:
Binny Mills Limited was incorporated as a Public Limited Company on 20th December 2007. The Company obtained Certificate for Commencement of Business on 6th February 2008.
Registered Office: No.4, Karpagambal Nagar, Mylapore, Chennai 600004 Phone: 044 24992115; Fax: 044 24991777; E-mail: binnymills@bmlindia.com; website: www.bmlindia.com ; Contact Person: Shri V. Rajasekaran, Managing Director and Compliance Officer.
There has been no change in the name of the Company since its incorporation.
The Object clause of the Company has been amended so as to include clauses 5, 6 and 7 to Clause IIIA – Main objects of the Company, pursuant to a special resolution passed at the Extraordinary General Meeting of the Company held on 30th December 2009.
Address: No.24, Sir C V Raman Road, Alwarpet, Chennai 600018 Shri V. R. Venkataachalam, aged about 53 years, is a graduate and an Industrialist. He is the son of Shri N P V Ramasamy Udayar, the famous Industrialist. He has rich experience in managing diverse businesses, industrial units, Hospitals, Medical Colleges and Public Charitable Trusts. He is also a director in group companies.
Address: No.24, Sir C V Raman Road, Alwarpet, Chennai 600018 Shri V. Sengutuvan, aged about 26 years, is a graduate and an Industrialist. He is the son of Shri V.R. Venkataachalam, the Promoter – Director of this Company. He has experience in managing diverse businesses. He is also a director in group companies.
The Company operates in 4 divisions viz., Warehousing, Showrooms, Agencies and Bintex. The Warehousing division has rented its warehouses and is deriving rental income from it. The Showrooms are engaged in retail selling of textile materials. The Agencies division is engaged in the business of selling Tarpaulin, rain coats and bags. The Bintex division is engaged in selling textile materials, particularly uniform materials, bed spreads, and other textile varieties.
The Company is managed and controlled by the Board of Directors. Shri V. R. Venkataachalam is the Chairman of the Company and Shri V. Rajasekaran is the Managing Director of the Company. The Managing Director exercises substantial powers of management of the Company subject to the superintendence, control and direction of the Board of Directors. The Board appointed Shri V. Rajasekaran as the Managing Director of the Company for a period of 5 years from 12th May 2010, with the consent of all directors present, at their meeting held on 12th May 2010, pursuant to Article 127 of the Articles of Association of the Company. Shri V. Rajasekaran is presently holding office as Executive Director (Whole time director) in TCP Ltd, a listed Public Limited Company. The Board considered that it would be in the best interests of the Company that he is appointed as the Managing Director. Shri V. Rajasekaran is not drawing any remuneration from the Company for the time being and until the Board determines the remuneration payable to him. The Board comprises of two Promoter directors viz., Shri V. R. Venkataachalam and Shri V. Sengutuvan.
Address: Plot No.499, 18th Street, 4th Sector, K.K. Nagar, Chennai 600078. Shri V. Rajasekaran, aged about 60 years, is a B.E. (Chemical) Engineer and holds post graduation qualification in M. Tech and MBA. He is a Company Executive. He has been functioning as the Executive Director of TCP Limited, a listed Public Limited Company and has rich experience in managing businesses in Chemical and Power industries. He has implemented power projects in his illustrious career.
Address: No.34, 3rd Main Road, Kotturpuram, Chennai 600085. Shri S. Varatharajan, aged about 50 years, is a Professional. He has rich experience in General Business Administration.
Basic and Diluted in Rs.
TCP Limited was incorporated on 8th June 1971, as Tamil Nadu Chemical Products Limited. The company name was changed to TCP Limited with effect from 27th January 1998. The name of the company was changed in consonance with the diverse business activities in which it has forayed, apart from manufacture of Chemicals, more particularly into the generation of Power.
TCP Ltd is a listed Public Limited Company engaged in the business of manufacture and sale of Sodium Hydrosulphite and Liquid Sulphur Di Oxide and in generation of Power. The equity shares of the Company are listed in the Madras Stock Exchange, the Delhi Stock Exchange and the Ahmadabad Stock Exchange.
Based in Rasipuram Taluk, Namakkal District in Tamil Nadu, Thiruvalluvaar Textiles Private Limited was incorporated on 5th July 1980 with 10,000 spindles to manufacture Cotton Yarn. The present management took over the company in 1991. In 2003-04, major modernization and expansion of the spinning mills was done by the present management to increase the spindleage capacity of the spinning mills from 10,000 to 21,168.
The company has spinning mills at Rasipuram, Salem and Coimbatore, in Tamil Nadu. The company has installed capacity of 1,80,744 spindles including 39,480 spindles taken on lease hold basis.
Share Capital Number of shares Amount Rs.
In terms of clause 15 of the Scheme of Arrangement, if any legal, taxation or other proceedings of whatever nature, whether civil or criminal (including before any statutory or quasi-judicial authority or tribunal) (the “Proceedings”) by or against the Demerged Company in relation to the Demerged undertakings is pending, the same shall not abate, be discontinued or be in any way prejudicially affected by reason of the transfer of the Demerged Undertakings or of anything contained in the Scheme, but the proceedings may be continued, prosecuted and enforced by or against the Resulting Companies in the same manner and to the same extent as it would be or might have been continued, prosecuted and enforced by or against the Demerged Company as it the Scheme had not been made.
There are no outstanding material litigation against or any disputes, tax liabilities, nonpayment of statutory dues, over dues to banks / financial institutions, defaults against banks / financial institutions , defaults in dues towards any stake holders of the Company, defaults in creation of full security as per terms of issue / other liabilities, proceedings initiated for economic or any other offences (including past cases where penalties may or may not have been awarded and irrespective of whether they are specified under paragraph (1) of Part 1 of Schedule XIII of the Companies Act, 1956) against Binny Mills Ltd, its Directors and its Promoters.
No disciplinary action has been taken by SEBI/Stock Exchanges against Binny Mills Ltd, its Directors and its Promoters.
A Scheme of Arrangement has been arrived at by the Board of Directors of Binny Ltd, Binny Mills Ltd and S V Global Mill Ltd. The Shareholders and creditors of the three companies have approved the Scheme of Arrangement and the Honourable High Court of Madras vide its Order dated 22nd April 2010 has sanctioned the Scheme of Arrangement under section 391 and 394 of the Companies Act, 1956.
The Bombay Stock Exchange Limited, being the designated Stock Exchange, has given approval for the listing of 31,88,474 Equity Shares of Rs.10/- each issued and allotted pursuant to the Scheme of Arrangement dated 22nd April 2010 vide its Letter Ref No DCS/AMAL/JA/IP/706/2010-11 dated 25th October 2010 stating that the trading in the equity shares of the Company will be permitted after the Company files with the Stock Exchange the Relaxation of Rule 19(2)(b) of the of the Securities Contracts (Regulations) Rules, 1957 obtained from the Securities and Exchange Board of India (SEBI) and the Advertisement given in the newspaper as required under SEBI Circular No. SEBI/CFD/SCRR/01/2009/03/09 DATED SEPTEMBER 3, 2009.
The Securities and Exchange Board of India vide its letter Ref No. CFD/DIL/HB/PA/OW/6455/2013 dated March 15, 2013, granted the relaxation from the applicability of Rule 19(2) (b) of the Securities Contracts (Regulations) Rules, 1957 for the listing / trading of the Equity Shares of Binny Mills Ltd at the Bombay Stock Exchange Limited.
The Company has forwarded to the Bombay Stock Exchange the letter granting the relaxation from the applicability of Rule 19(2) (b) of the Securities Contracts (Regulations) Rules, 1957 for the listing / trading of the Equity Shares of the Company from SEBI and copies of the advertisement published in the newspapers as required by the aforesaid SEBI Circular.
The Bombay Stock Exchange is processing our letter seeking permission for the trading in the equity shares of the Company.

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