He was elected as the President of the … We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. A family business, he says, also has an aspect of sustainability. The Hindu has always stood for journalism that is in the public interest. However, we have a request for those who can afford to subscribe: please do. Property Builders did not Deposit Corpus Fund: Whereabout ! In a notice to the shareholders in August 2019, SCL said the request for re-classification was considered at its board meeting held on May 17...“The shareholding of the above persons/entities forming part of promoter group (MAC Group) had fallen below 10%, to 3.54%,’ the notice said. City-based Sical Logistics Ltd. (SCL) on Saturday wrote to the BSE seeking approval to reclassify the A.C. Muthiah group’s shareholding in the company from that of ‘Promoter’ to ‘Public’. Annamalai Chidambaram Muthiah (born 1941) is an Indian industrialist and cricket administrator. The company had earlier tied up with the Sree Chitra Tirunal Institute for Medical sciences & Technology to manufacture devices but that has not taken forward in a big way owing to the restructuring. To make matters worse, the public issue AC Muthiah had planned to raise funds for the project did not … A.C. Muthiah’s peers at other companies are Dick … You have reached your limit for free articles this month. As a subscriber, you are not only a beneficiary of our work but also its enabler. Explained: What does the killing of nuclear scientist Fakhrizadeh mean for Iran? Subscribe to The Hindu now and get unlimited access. Sical to reclassify A.C. Muthiah group shares as ‘public’, Watch | Cyclone Nivar: scenes from across Tamil Nadu, S&P ‘sceptical’ of banks’ corporate ownership, Yours in exasperation for the final time: Farewell from Mr. Mathrubootham, Data | Farmers, new agriculture laws and government procurement, New species of gecko found in the Eastern Ghats, Sip whole leaf: Assam tea gets a new form, Soon in Chennai: a new lake with island parks and a mountainous Miyawaki forest, ‘Peninsula’ movie review: Zombie overkill, Weekly Bytes | Microsoft 365's new features, Meet’s attendance reports, and more, ‘Uncle Frank’ movie review: An underwhelming road trip, NPRD to send sipper to Taloja jail for Stan Swamy, urges other disability rights organisations to do the same, ‘Coolie No. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. AC Muthiah, former chairman of MAC group of companies, could not be reached for comment. ‘RBI will face challenges in supervision’. Read more about A C Muthiah asks his cousin to withdraw allegations or face legal action on Business Standard. It’s a support for truth and fairness in journalism. AM INTERNATIONAL HOLDINGS PRIVATE LTD. AM International Singapore is a holding company; it has acquired a group of fertilizer companies and then invested in other segments like engineering services, … As per the notification, currently, ACM Educational Foundation holds 0.98% stake in SCL, followed by A.C. Muthiah (0.72%), Darnolly Investments0.71%) and Ranford Investments (0.35%), among others. Headquartered in Singapore, it is a diversified multinational group of companies with a federated operating architecture. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. Today, AC Muthiah will be chairing the two mammoth trusts which will hold the non-business assets of the group, running into several thousand crore rupees. His father, AC Muthiah, is donning the role of an emeritus chairman, and the group’s individual businesses are run by professionals with complete freedom in decision-making. Ban of firecrackers: Supreme Court directs the order of Telangana High Court, asking the State to comply with the directions of NGT, Cyber scammers come up with innovative ways to trick or deceive innocent people, Mumbai High Court rejects plea seeking a declaration PM CARES funding, Supreme Court seeks Centre’s response on plea for law to regulate Minor access to social media, Madras High Court slaps penalty of Rs 5 lakh on an advocate for the false accusations against the Registrar (Vigilance), Former IAF officer threat for the country, Supreme Court denied bail in spy case, Delhi High Court initiates Public Interest Litigation to monitor pending criminal cases against MLAs & MPs, Demystifying The Limitation Period For An Enforcement of Foreign Awards in India, Refund of cancelled air tickets during lockdown order Reserved: Supreme Court, Madras HC proceeds contempt in opposition to 9 Schools for full fees charges, Top Lawyers in Chennai | Best Legal Services | Leading Law firms 24x7, Intellectual property rights Registration Lawyer, Memorandum of understanding legal services. City-based Sical Logistics Ltd. (SCL) on Saturday wrote to the BSE seeking approval to reclassify the A.C. Muthiah group’s shareholding in the company from that of ‘Promoter’ to ‘Public’. The company went belly up after a series of entertainment funds. Related Stories: 1. The father-son spat in the Chettinad Group has taken a new turn with the estranged son MAMR Muthiah accusing industrialist AC Muthiah, a relative and associate of his father MAM … At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. The reclassification was necessitated based on the request from the A.C. Muthiah group, SCL said in a regulatory filing. Muthiah is aligning the new ventures with the strategy of half the group… We promise to deliver quality journalism that stays away from vested interest and political propaganda. He serves as the Founder and Chairman of AM International. A.C. Muthiah’s latest education in Bachelors degree - Engineering at University of Madras Who are A.C. Muthiah’s peers at other companies? AC Muthiah, former chairman of the MAC group of companies, could not be reached for comment. Industrialist and former Chairman of SPIC Group A C Muthiah has asked MAMR Muthiah, … Your support for our journalism is invaluable. He served as the Chairman of Southern Petrochemical Industries Limited (SPIC) and is the chairman of Sri Venkateswara College of Engineering (SVCE), Sriperumbudur near Chennai.He served as the President of the Board of Control for Cricket in India from 1999 to 2001. 1’ trailer: Varun Dhawan, Sara Ali Khan pull out all the stops, Coronavirus | ‘Covishield’ vaccine volunteer sues Serum Institute of India, Oxford Group over ‘adverse reaction’, Dilli Chalo protest | Not leaving border, prepared to stay for six months, say farmers, Dilli Chalo protest | BKU breaks barriers at Delhi-Ghaziabad border, enters Delhi. First Leasing promoted by Muthiah and Irani and was the first company in India to conduct leasing assets.