SANDESH Share price

The Sandesh Limited publisher of ''SANDESH''- a premier dailynewspaper of Gujarat was incorporated on llth March 1943 byShri. Nandlal Bodiwala to carry on the business of editingprinting and publishing Newspapers and Periodicals. The Companystarted its first printing facility at Ahmedabad.The Company acquires the honour of starting the first Gujaratidaily ''SANDESH'' to spread the message of Gandhian movements toall corners of Gujarat and has grown with the freedom strugglein the pre-independence era.Shri Chimanbhai S. Patel the present Chairman and ManagingDirector of the Company acquired the entire business from theoriginal promoter in 1958 and has put his efforts to strengthenthe activities carried out by SANDESH.The Company has always tried to use this medium to achieve thecommon national goal of all democratic and patriotic forces.The editorial policy of the Company has therefore always beenbased on basic generalistic values of objectivity and has notbeen influenced by any external forces.To cater to the readers of the smaller towns and villages ofGujarat the Company started its printing facilities at Barodaduring 1985-86 at Surat during 1989-90 and at Rajkot during1990-91.Over the years ''SANDESH'' has firmly established itself all overGujarat as a premier and foremost daily. Editions of SANDESHare simultaneously published from all four printing facilities.The Company has won the first National Award for excellence inprinting of SANDESH from Government of India in 1983 and fromThe Ahmedabad Printing Press Association in 1987.Besides SANDESH the Company publishes STREE a women''s weeklymagazine which is also registered with ABC. The Company alsopublishes four other periodicals for different class of readerswhich are :SANDESH SHARE BAZAR GUIDE a weekly guide which covers theupdated information on SHARE BAZAR such as new issues andfinancial data of Companies listed on stock exchenges atAhmedabad and Bombay JYOTISHDEEP a monthly publication onastrology DHARMASANDESH a fortnightly publication and SANDESHPRATYAKSHA PANCHANG (Almanac).The average circulation of its daily and other periodicals forthe period January 1 1994 to June 30 l994 as certified by ABCare as under:NAME AHMEDABAD BARODA RAJKOT SURAT TOTALSANDESH 180122 97366 71986 89711 439185SANDESH 223908 100855 75879 90191 490833(Sunday Edn)STREE N.A. N.A. N.A. N.A. 67793The Company has its branch offices at Bombay Delhi CalcuttaMadras Bangalore and Hyderabad which have experienced reportingstaff and well equipped communication facilities.Contributing towards social welfare and awareness the Companyhas established ''Sandesh Charitable Trust'' a public charitabletrust where the activities are looked after by Shri ChimanbhaiPatel Shri Falgunbhai Patel and Shri Bipinbhai Shah. The Trustorganizes training programmes such as computer coaching classesfor students and contributes towards social relief operationsduring drought and other natural calamities by collectingdonations through newspaper advertisements.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as set out in its Memorandum ofAssociation are as follows :-(1) To carry on business as proprietors printers and publishersof Newspapers Journals Magazines Leaflets Books PicturesPeriodicals Literary Works etc. and in particular to conductprint publish and sell and export for sale in all parts of theworld a Newspaper or Newspapers and/or periodicals in GujaratiEnglish Urdu Hindustani Sanskrit Tamil Telangu MalayalamKanari Marathi Bengalee and/or any other languages to bepublished daily semi-weekly weekly fortnightly monthly orotherwise as the Directors of the Company may from time to timedetermine for the purpose of educating and organizing publicopinion in and/or outside India Indian states etc. for thesocial economic national political and spiritual uplift of thepeople of India by all peaceful and legitimate means and alsofor publishing and/or encouraging all kinds of literatures aboutIndian history art science industry culture religionseducation etc.(2) To encourage train educate person or persons in the artand profession of journalism byopening aiding and/or subsidingschools or other institutions and for imparting knowledge andtraining in any other art or work connected with objects of theCompany.(3) To carry on the business of leasing and hire-purchasefinance and to provide on lease or on hire purchase all types ofindustrial and office plant equipment machinery vehicles andhousehold requisites.