Amounting to 28.445% of Paid up Capital as on 31.03.2011 in

Held by Mr. Premchand Garg (Judgment Debtor 2) &
Mrs. Anita Garg (Judgment Debtor 3)
In Shri Lal Mahal Ltd. (Judgment Debtor 5)
In the matter of

Before Hon'ble Delhi High Court
in Execution Petition No. 72/2009 in
M/s. Glencore Grain Rotterdam B.V.

M/s. Shivnath Rai Harnarain (India) Company and Others

Hon'ble Delhi High Court in the above matter, by Order dated 22.02.2011 and 28.03.2011 has appointed ITCOT Consultancy and Services Ltd. (ITCOT) as the Court's Valuer to value the shares held by JD2 & JD3 in JD5 and sell the same in Public Auction as “Authorized Broker” appointed by the Court and file a report.

SLML is a Unlisted Public Limited Company with over 100 years history (set up as erstwhile entity in 1907) and is one of India's premier trading houses and a major exporter of Basmati and non-Basmati Rice, Soya and other commodities across the globe. It is a “Star trading house” with strong dealership network, owning major rice brands. It has ISO 9002 and QSM quality certification and has continuously bagged Export Excellency Award of APEDA for many years and also won “Golden Trophy for Rice Exports” from APEDA. The Company has experienced management. Company is having contract farming operations, processing plants and also has wind farm for 12.5 M in Gujarat and Tamil Nadu and owns about 424 acres in Tindivanam in Tamil Nadu. The company reported a turnover of Rs. 1295 Crores for the year ended March 2010 and has informed that year ending March 2011, it has achieved much higher turnover.

Decree amount : As per HC order in E.P. 72 of 2009
No. of Shares offered for sale : 96,67,400 of face value of Rs. 10 /=each
[47,33,900 held by JD2 & 49,33,500 held by JD3, together as one lot) amounting to 28.445% of Paid up Capital as on 31.03.2011
Reserve Price : Rs. 55.10 Crores
Earnest Money Deposit (EMD) : Rs. 5.51 Crores
Cost of Bid document (Non-refundable) Rs.10,000/- (Rupees Ten Thousands Only) to be obtained by way of Demand Draft in favour Of ''ITCOT Consultancy and Services Ltd.,” payable at Chennai.
Important Dates :  
Opening of Sale of Bid document : May 16.05.2011 at 11.00 Hrs.
Last date of sale of Bid document : 13.00 Hrs. on 16.06.2011
Submission of Bids : 17.00 Hrs. on 17.06.2011 at ITCOT, Chennai
Opening of the Bids and Public Auction
Sale in front of Bidders present : 11.30 Hrs. on 18.06.2011 at ITCOT,Chennai.
Data room for inspection of documents : 11.00 to 17.00 Hrs. between 26.05.2011 and 16.06.2011   at ITCOT, Chennai & Delhi.
Payment of EMD, Sale price to be made by DD : “ITCOT–A/c DHC-EP 72 - 2009” Payable at Chennai .
For details, Contact “Court Authorized Valuer & Broker for Sale of Shares”

ITCOT Consultancy and Services Ltd.

(Formerly Industrial and Technical Consultancy Organisation of Tamilnadu Limited)

Registered Office : 50-A, Greams Road, Chennai - 600 006
Tel : +91- 44 - 28290324 begin_of_the_skype_highlighting            +91- 44 - 28290324      end_of_the_skype_highlighting, 42936800, 42936827
e-mail : Fax : +91 - 44 - 28293512

Or at 407, Akashdeep, 26 A,Barakhambha Road,
New Delhi 110 001, Tel : 011-23327226 Fax : 23752989

Contact Person:
Chennai - Mr P.Durairaj,VP (9962878203),
New Delhi : Mr Anurag Nigam, Dy. Manager (9911848760)

For FAQ's please click here