CREATING WEALTH FOR SHAREHOLDERS
Dwarikesh Sugar Industries Limited endeavors to maximize the wealth of the shareholders. Corporate governance is about ethical and transparent business conduct primarily aimed at building trust amongst shareholders, employees, customers, suppliers and diverse stakeholders on four of its key elements - transparency, fairness, disclosure and accountability. The company has added value to the business year after year and the shareholders wealth has risen over the years.
The company has in its own small way tried to reward the shareholders by declaring dividend at reasonable rates. the Company's operations have been profitable and since 1996-97, it has been paying dividend continuously except in three years 2006-07, 2007-08 and 2009-10 and onwards. The Company has paid 60% dividend in two continuous years 2004-2005 and 2005-2006. In 2006-07,, 2007-08 and 2009-10 and onwards the company had to face the discomfiture of posting losses although the saving grace was that no cash losses were incurred.
The company is very prompt and forthcoming regarding the settlement of shareholders complaints, if any. No such shareholders complaints are pending with the company. We have a very well described policy on prevention of insider trading which is followed strictly, without any compromise.
The company has entered into tripartite agreement along with the Registrars and Share Transfer Agent of the Company and with two depositories viz. National Securities Depository Limited [NSDL] and Central Depository Services (India) Ltd. [CDSL].
The Equity shares of the Company have been admitted for dematerialisation by these depositories with the International Securities Identification Number (ISIN) - INE366A01017.
The Company has provided simultaneous transfer Cum demat facility to it's investors. As on 30/09/2002, shares comprising approximately 99.50% of the company's Equity Share capital have been dematerialised. With effect from 24th July 2000 the trading in company's shares in the dematerialised form has become compulsory.
All share transfers should be forwarded to the Registrars & Share Transfer Agent of the Company. All communication should be forwarded to the Registrars. Share Transfer will normally be registered and returned within 30 days from the date of receipt of the correct document.
Registrars & Transfer Agent
Universal Capital Securities Pvt. Ltd.
21, Shakil Niwas
Mahakali Caves Road
Andheri (E), Mumbai 400 093.
Tel : 022 28207201/03/04/05,
fax : 022 28369704/28207207