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CORPORATE ANNOUNCEMENT


  • 12th August, 2014

    The Company has decided to suspend operations at its Construction Equipment Business plant at Gumidipoondi, Tamil Nadu, on account of challenging market condtions.

  • 1st August, 2014

    e-voting poll Report ( Consolidated for the 95th AGM held on 31st July, 2014)

    e-voting Report for the 95th AGM held on 31st July, 2014

  • 31st July, 2014
    The Board of Directors as its Meeting held today has, inter alia:
    1. Approved the Unaudited Financial Results of the Company for the 1st quarter ended 30th June, 2014
    2. The Board of Directors of the Company has approved the appointment of Ms. Monica Chopra as an Additional Director with effect from 1st August, 2014 to hold the Office till the next Annual General Meeting of the Company.
    3. The appointment of Ms. Monica Chopra as a Whole-time Director of the Company with effect from 1st August, 2014 for a period of three years, subject to the approval of the Shareholders.
    4. The following policies in compliance with the requirements of the revised Clause 49 of the Listing Agreement.
      1. Whistleblower Policy
      2. Code of Conduct for the Board Members and Senior Management
      3. Related Party Transactions Policy
      4. Material subsidiaries Policy
      5. Corporate Social Responsibility Policy
  • 15th July, 2014
    A Meeting of the Board of Directors of the Company will be held on Thursday, 31st July, 2014, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30th June, 2014.
  • 30th April, 2014
    The Board of Directors as its Meeting held today has, inter alia:
    1. Approved the audited Financial Results of the Company along with the Segment-wise Report for the financial year ended 31st March, 2014 as reviewed by the Audit Committee at its Meeting held on 29th April, 2014.
    2. Recommended a final dividend at the rate of Rs.0.60 per equity share of the face value of Rs.2 for the financial year ended 31st March, 2014.
    3. Decided to convene the 95th Annual General Meeting of the Company on Thursday, 31st July, 2014 and close the Register of Members & Share Transfer Books from Tuesday, 22nd July, 2014 to Thursday, 31st July, 2014 (both days inclusive) for the purpose of Company's 95th Annual General Meeting and to ascertain the eligibility for the entitlement of final divided. The final dividend, if approved by the Shareholders, will be paid on or after Friday, 22nd August, 2014.
  • 17th April, 2014
    A Meeting of the Board of Directors of the Company will be held on Wednesday, 30th April, 2014, to consider, inter alia, the approval of the audited Financial Results of the Company for the fourth quarter and financial year ended 31st March, 2014 and the recommendation of final Dividend for the said financial year.
  • 6th February, 2014
    The Board of Directors of the Company has:
    1. Approved the Unaudited Financial Results of the Company for the third quarter and nine month ended 31st December, 2013.
    2. Declared a second Interim Dividend of Rs.0.40 per Equity Share of Rs.2/- each for the financial year 2013-14. The Record Date for the payment of this Dividend is fixed as Tuesday, 18th February, 2014. The said Dividend will be paid on or after Wednesday, 5th March, 2014.
  • 24th January, 2014
    A Meeting of the Board of Directors of the Company will be held on Thursday, 6th February, 2014, to consider and approve, inter alia, the Unaudited Financial Results of the Company for the 3rd quarter ended 31st December, 2013 and to consider declaration of a 2nd Interim Dividend for the financial year 2013-14. Tuesday, 18 February, 2014, shall be the Record Date for determining the Members’ entitlement to the aforesaid Dividend, if declared.
  • 1st November, 2013
    1. The Board of Directors of the Company has approved the appointment of Mr. Arvind Kumar Singhal as an Additional Director of the Company with effect from 1st November, 2013 to hold office till the next Annual General Meeting of the Company.
    2. Mr. Sukh Dev Nayyar has resigned from the Directorship of the Company with effect from the close of business hours on 1st November, 2013 in line with the retirement policy of the Company.
    3. The Board of Directors of the Company has approved the closure of the Foundry located at Pune since it is no longer technically compatible with the new product portfolio engines being manufactured.
    4. The Board of Directors of the Company has approved the Unaudited Financial Results of the Company for the 2nd Quarter and Half-year ended 30th September, 2013.
  • 21st October, 2013
    A Meeting of the Board of Directors of the Company will be held on Friday, 1st November, 2013, inter alia, to consider and approve the Unaudited Financial Results of the Company for the second Quarter and Half-year ended 30th September, 2013.
  • 8th October 2013
    The Company has divested, for strategic purposes, its entire stake in its step-down subsidiary company, Greaves Farymann Diesel GmbH (GFD), Germany. The stake in GFD was held through the Company’s wholly owned subsidiary, Greaves Cotton Netherlands B.V.
  • 13th September, 2013
    The Board of Directors of the Company has declared an Interim Dividend of Rs.0.30 per Equity Share of Rs.2/- for the financial year 2013-14. The Record date for the payment of this Dividend is fixed as Wednesday, 25th September, 2013. The said Dividend will be paid on or after Friday, 4th October, 2013.
  • 30th July, 2013
    The Company, at its Annual General Meeting held on July 30, 2013, has declared a Final Dividend of Rs.0.50 paise per Equity Share of Rs.2/- for the Financial Year 2012 - 13. The Dividend shall be paid to the eligible Shareholders on or after 9th August, 2013.
  • 19th July, 2013
    A Meeting of the Board of Directors of the Company will be held on Tuesday, 30th July, 2013, inter alia, to consider and approve the Unaudited Financial Results for the First Quarter ended 30th June, 2013.
  • 30th April, 2013
    At the Meeting held on 30th April, 2013, the Board of Directors has:
    1. approved the audited financial results for the financial year ended 31st March, 2013.
    2. recommended a final dividend at the rate of Rs.0.50 per share of the face value of Rs.2/- for the financial year 2012-13
    3. decided to hold the Annual General Meeting on 30th July, 2013
    4. decided to close the Register of Members & Share Transfer Books of the Company from 23rd July, 2013 to 30th July, 2013 (both days inclusive) for the purpose of determining the eligibility for the final divided and fixed 9th August, 2013 as the payment date of the final dividend, if declared by the Shareholders at the forthcoming Annual General Meeting.
  • 30th January, 2013
    The Board of Directors of the Company has declared a Third Interim Dividend of Rs.0.40 per Equity Share of Rs.2/- for the financial year 2012-13. The Record date for the payment of this Dividend is fixed as Tuesday, 12th February, 2013. The said Dividend will be paid on or after Friday, 22nd February, 2013.
  • 21st January, 2013
    A Meeting of the Board of Directors of the Company will be held on Wednesday, 30th January, 2013, inter alia, to consider and approve the Unaudited Financial Results for the Third Quarter and Nine Months ended 31st December, 2012 and to consider the declaration of a Third Interim Dividend for the Financial Year 2012-13.
  • January 7, 2013

    In terms of the Postal Ballot Notice dated 27th November, 2012 pursuant to Section 192A of the Companies Act, 1956 (the Act), read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 and on the basis of the report of the Scrutinizer dated 7th January, 2013, the result of the Postal Ballot, as declared at the Registered Office of the Company is notified as under:

    Particulars Number of responses Number of Shares % of total response recd.
    Valid Postal Ballot responses received 667 17,15,91,131 100%
    In favour of the Resolution 662 17,15,57,994 99.8%
    Against the Resolution 45 33,137 0.02%

    The above mentioned Ordinary Resolution has been passed by the Members with the requisite majority.

  • November 27, 2012

    The Company proposes to obtain the consent of the Members of the Company under Section 293(1)(a) of the Companies Act,1956 through Postal Ballot to authorize the Board of Directors of the Company to create mortgage / charges on the moveable and immoveable assets of the Company for an amount not exceeding Rs.200 crores over and above the aggregate of the Paid-up Share Capital and the Free Reserves of the Company to secure the long term borrowings to be availed by the Company with the power to take over the substantial assets of the Company in certain events, by the lenders of such long terms borrowings.

    Please click the following link for copy of Postal Ballot Notice and Postal Ballot Form.

    Postal Ballot Notice

    Postal Ballot Form
  • November 2, 2012
    The Board of Directors of the Company has declared a Second Interim dividend of Rs.0.40 per Equity Share of Rs.2/- for the financial year 2012-13. The record date for the payment of this dividend is fixed as November 17, 2012. The said dividend will be paid on November 27, 2012.
  • October 25, 2012
    A Meeting of the Board of Directors of the Company will be held on Friday, November 2, 2012, inter alia, to consider and approve the Unaudited Financial Results for the Second Quarter and Half-year ended 30th September, 2012 and to consider declaration of a second Interim Dividend.
  • September 6, 2012
    The Board of Directors of the Company has declared a First Interim dividend of Rs.0.30 per Equity Share of Rs.2/- for the financial year 2012-13. The record date for the payment of this dividend is fixed as September 18, 2012. The said dividend will be paid on September 26, 2012.
  • July 30, 2012
    The Company, at its Annual General Meeting held on July 30, 2012, has declared a Final Dividend of Rs.0.20 paise per Equity Share of Rs.2/- for the Financial Year 2011 - 2012.
  • May 11, 2012
    The Board of Directors of the Company has recommended a final dividend of Re.0.20 per Equity Share of Rs.2/- each for the financial year 2011-12. The Register of Members & Share Transfer Books of the Company will remain closed from Monday, July 23, 2012 to Monday, July 30, 2012 (both days inclusive). The said divided will be paid on August 10, 2012 upon approval by the Shareholders at the AGM of the Company to be held on July 30, 2012.
  • March 30, 2012
    The Board of Directors of the Company has declared Special Interim dividend of Rs.0.80 per Equity Share of Rs.2/- each for the financial year 2011-12. The record date for the payment of this dividend is fixed as April 13, 2012. The said dividend will be paid on April 19, 2012.
  • February 09, 2012
    The Company has sold its land situated at Old Mahabalipuram Road (Rajiv Salai), Chennai, for a consideration of Rs.80 crores.
  • January 24, 2012
    The Board of Directors of the Company has declared a third interim dividend of Rs.0.40 per Equity Share of Rs.2/- each for the financial year 2011-12. The record date for the payment of this dividend is fixed as February 6, 2012. The said dividend will be paid on February 15, 2012.
  • October 21, 2011
    The Board of Directors of the Company has declared a second interim dividend of Rs.0.40 per Equity Share of Rs.2/- each for the financial year 2011-12. The record date for payment of this dividend is fixed as November 4, 2011. The said dividend will be paid on November 17, 2011.
    Mr. Prabhaker Dev, Managing Director & CEO of the Company retired and in his place Mr. Sunil Pahilajani is appointed as Managing Director & CEO with effect from November 5, 2011.
  • August 24, 2011
    The Board of Directors of the Company has declared a first interim dividend of Rs.0.40 per Equity Share of Rs.2/- each for the financial year 2011-12. The record date for the payment of this dividend is fixed as September 6, 2011. The said dividend will be paid on September 13, 2011.
  • April 29, 2011
    The Board of Directors of the Company has declared final dividend of Rs.0.70 per Equity Share of Rs.2/- each for the financial year 2010-11. The book closure for payment of this dividend is fixed from July 26, 2011 to July 27, 2011 (inclusive). The said dividend is approved by the Shareholders at the AGM held on July 27, 2011 and will be paid on August 10, 2011.
  • February 2, 2011
    The Company has entered into a Long term supply Agreement with Mahindra and Mahindra Limited (M&M) for supply of single cylinder engines for their three wheeled vehicles. Pursuant to this agreement, Greaves became the single source supplier for 100% needs of M&M's three wheeled vehicles.
  • January 21, 2011
    The Board of Directors of the Company has declared a second interim dividend of Rs.0.40 per Equity Share of Rs.2/- each for the financial year 2010-11. The record date for payment of this dividend is fixed as February 7, 2011. The said dividend will be paid on February 15, 2011.