Following are the questions I had asked the CS / CFO of the company on mail and their replies.
- What is the company planning to do with the cash it received from SPR and other companies for land parcels?
The money has been deployed in the Business as detailed in the Annual Report
- Cash was given to other related parties, has it been collected back as the company is not venturing into wind power?
The Company is in the process of recovering the amount and it will be informed to the shareholders after it is collected
- Is the company planning to distribute dividend to shareholders or do a buy back of shares.
The Board will take the decision at appropriate time.
- What is the JDA between Binny and SPR for SPR Binny city project? Kindly share the JDA with investors?
The main terms of the JDA as approved have been disclosed to the shareholders in the appropriate places and necessary disclosures also have been made to the Stock Exchange
- Why is Binny raising 50 crores of debt from Piramal?
The Company has availed the loan for the purpose of settlement of Income Tax dues