SUPER SALES INDIA LTD. - Board Meeting on May 23, 2014 (For Unaudited Results for Quarter ended March 31, 2014)
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| 14 May 2014 | |
| Super Sales India Ltd has informed BSE that :<br/><br/>"It has been our normal practice not to have unaudited results published far the last quarter, but to publish only audited results. In line with such practice in the past, the Company has fixed May 23, 2014 as the date for the Board Meeting to consider the annual accounts for the year ended March 31, 2014 and the dividend to be declared for that year and other related matters.<br/><br/>While so, we have received a communication from Axis Bank Ltd., Mumbai that they are making an open offer for acquisition of the equity shares of our Company for and on behalf of some of their clients.<br/><br/>As per clause 26(4) of the SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011, Target company is prohibited from fixing any record date for corporate action on or after the third working day prior to the commencement of the tendering period and until expiry of the tendering period.<br/><br/>As on date we do not know the exact date of commencement and end of the tendering period for fixing book closure for payment of dividend. This is because opening and closing of offer period depends upon the approval of offer documents by SEBI. <br/><br/>In view of the above, we propose to have the meeting on May 23 as originally planned, but to take on record therein unaudited results for the quarter ended March 31, 2014." | |
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