Super Tannery Limited , a prominent player in the leather industry, has announced a significant corporate restructuring initiative. The company's Board of Directors has given in-principle approval for a proposal to demerge certain identified business divisions, subject to further approvals from various regulatory bodies and shareholders.

Key Highlights of the Announcement

• Demerger Proposal: The Board has approved an in-principle proposal for the demerger of certain identified undertakings or business divisions.
• Pending Approvals: The demerger is subject to further approval from the Board of Directors, BSE Limited, SEBI, NCLT, other competent authorities, and shareholders.
• Professional Appointments: The Board has proposed the appointment of various professional advisors to facilitate the demerger process:
  • Legal advisors and counsels
  • Tax consultants
  • Merchant bankers
  • Other required consultants
• Valuation Process: A Registered Valuer will be appointed to determine share entitlement ratios and related requirements.

Financial Context

To provide context for this corporate action, let's look at Super Tannery's recent financial position:

The company has shown growth in its asset base and equity over the past year, which could potentially support its restructuring plans.

Implications of the Demerger

While the specific details of the demerger are yet to be disclosed, such corporate actions typically aim to:

1. Streamline operations
2. Unlock shareholder value
3. Focus on core competencies
4. Potentially improve operational efficiency

Investors and stakeholders should note that the proposal is still in its early stages and subject to various approvals. The appointment of professional advisors and a registered valuer indicates the company's commitment to a thorough and compliant process.

As the demerger process unfolds, shareholders and potential investors should keep an eye out for further announcements regarding the specifics of the business divisions to be demerged and the potential impact on the company's structure and valuation.

Super Tannery Limited's shares are listed on the BSE. Investors are advised to monitor official communications from the company and regulatory bodies for updates on this significant corporate development.

Super Tannery Limited has officially announced a book closure period for the purpose of dividend payment, subject to member approval. This development signals potential returns for shareholders pending the upcoming decision.

Key Details of the Announcement

Regulatory Compliance

In adherence to regulatory requirements, Super Tannery Limited has duly notified the Bombay Stock Exchange Limited about this book closure period. This action aligns with Section 91 of the Companies Act, 2013, and Regulation 42 of the Listing Agreement, as confirmed in the company's official communication to the stock exchange.

Implications for Shareholders

The book closure period is a crucial time for shareholders, as it determines eligibility for the potential dividend. Shareholders on record during this period will be considered for the dividend payment, should it be approved at the company's general meeting.

Company Secretary's Statement

R.K. Awasthi, Company Secretary of Super Tannery Limited, stated in the official intimation:

"Notice is hereby given pursuant to section 91 of the Companies Act, 2013, and Regulation 42 of the Listing Agreement the Register of Members and Share Transfer Books of the Company will remain closed from 16th Sep. 2025 to 30th Sep, 2025 (both days inclusive) for the purpose of payment of dividend if approved by Members for the year ended on 31st March 2025."

This announcement underscores Super Tannery Limited's commitment to transparent communication with its shareholders and compliance with regulatory standards. Investors and stakeholders are advised to take note of these dates as they may impact trading and dividend eligibility.