Sanghi Industries Limited · NSE:SANGHIIND
Sanghi Industries — Shareholder Meeting (January 2024)
11 slides from Sanghi Industries's shareholder meeting presentation, Jan 17, 2024
Slide 1: Exchange intimation letter: Presentation on rationale of EGM agenda items
Date: 17th January, 2024 To, The Assistant Vice-President The General Manager The National Stock Exchange of India Ltd BSE Ltd Exchange Plaza, Bandra Kurla Complex, Floor 25, P J Towers, Dalal Street, Bandra (East), Mumbai – 400 051 Mumbai – 400 001 Company Symbol: SANGHIIND Scrip Code: 526521 Sub:
Slide 2: Synopsis / Rationale of Agenda Items proposed for the EGM
Sanghi Industries Limited Synopsis / Rationale of Agenda Items proposed to be passed at the Extra- Ordinary General Meeting of the Company to be held on Thursday, 8th February, 2024 1
Slide 3: Agenda Items & its Rationale
Agenda Items & its Rationale Item No. 1 Appointment of Mr. Ajay Kapur (DIN: 03096416) as a Non-Executive and Non- Independent Director of the Company w.e.f 7th December 2023. Mr. Ajay Kapur is an esteemed name in the Cement Industry. He is CEO and Whole Time Director of Ambuja Cements Limited and AC
Slide 4: Item No. 3, 4 and 5: Appointment of Mr. Ramarao and Mr. Kapoor
Item No. 3 and 4 Appointment of Mr. Sukuru Ramarao (DIN: 08846591) as a Director as well as a Whole Time Director and Chief Executive Officer (CEO) of the Company w.e.f 7th December 2023. Mr. S Ramarao possesses a vast experience of about thirty seven years in building material space. He has success
Slide 5: Item No. 6: Appointment of Ms. Shruti Shah as Independent Director
Item No. 6 Appointment of Ms. Shruti Shah (DIN: 08337714) as an Independent Director of the Company. Ms. Shruti Shah is a Chartered Accountant by profession and a Partner of Pravin P. Shah & Company which is a very renowned Chartered Accountants firm. She is carrying a rich and diverse experience of
Slide 6: Item No. 7 and 8: Amendment in Memorandum and Articles of Association
Item No. 7 and 8 Amendment in Memorandum of Association and Articles of Association of the Company Post-acquisition of 54.51% Shares of Sanghi Industries Limited, Ambuja Cements Limited has now become the Holding Company. Further, now SIL being Adani Group Company, so to keep the synergy in the Char
Slide 7: Item No. 9 and 10: Related Party Transactions with Ambuja Cements and ACC
Item No. 9 and 10 Approval of Transactions with Related Parties : Ambuja Cements Limited (ACL) and ACC Limited (ACC) Post-acquisition of 54.51% equity shares of Sanghi Industries Limited (SIL) by Ambuja Cements Limited, the Company has signed a Master Supply and Service Agreement (MSA) with ACL and
Slide 8: Advance payment with Purchase Order; Inter-Corporate Deposits
Advance payment with Purchase Under MSA, SIL will receive monthly advance Order payment for all the orders which in turn will help for meeting its working capital requirements to ensure smooth functioning and improve capacity utilization. Inter-Corporate Deposits: In order to resolve the elevated li
Slide 9: Pricing under the Master Supply and Service Agreement
Pricing: In view of above the pricing will be as under: Manufacturing Plant’s Cost of Production (Excluding Interest and Depreciation) of previous Quarter, plus 10% markup. This will help in improving overall profitability of the company from negative EBITDA in the past to substantially positive EBI
Slide 10: Related Party Transactions with Adani Enterprises Limited
Item No. 11 Approval for Transactions with Related Party : Adani Enterprises Limited (AEL) SIL has entered / proposes to enter into transactions with AEL for purchase of solid fuels, fly ash, shared business services etc. Highlights / Benefits: Reduction in financial complexity w.r.t. terms of del
Slide 11: Thank You
Thank You adani Cement
Sanghi Industries — Shareholder Meeting (January 2024) on 6ix