Sejal Architectural Glass Limited (SAGL), a leading player in the architectural glass solutions, as part of its strategic initiative to reach out to the masses, has introduced a fixed deposit scheme by inviting deposits from the public, shareholders and employees of the company.
SAGL will offer non-cumulative and cumulative fixed deposit schemes for a period of 1, 2 and 3 years bearing an interest of 11.5%, 12% and 12% per annum respectively. In the cumulative scheme the Company proposes to also launch a six monthly fixed deposit scheme @ 11% per annum. The minimum investment amount for its fixed deposit scheme will be Rs. 10,000/- and in multiples of Rs. 1,000/- thereafter.
The company as part of its corporate social responsibility will offer 0.50% additional interest per annum for its employees, company shareholders, senior citizens, physically challenged individuals, defence personnel, para-military forces and ex-servicemen-women.
Mr. Amrut Gada, Chairman & Managing Director, Sejal Architectural Glass Limited said “Sejal is the only Company till now in the Corporate Fixed Deposit Market to offer additional interest to the category belonging to Defence Personnel, Para-Military Force, Ex-Servicemen and the physically challenged. We expect a positive response on our new initiative and the money mobilised from the FD scheme will be used for meeting the working capital requirement needs of the Company”
About Sejal Architectural Glass Limited (BSE: 532993; NSE: SEJALGLASS)
Incorporated as a Private Limited Company in December 1998 and subsequently converted into Public Limited Company on March 08, 1999, the company is in the business of processing glass at its existing plant located at Union Territory of Dadra, Nagar Haveli, and District Silvassa. It started its commercial operations in the year 2000-01 by setting up a processing facility for insulating glass and thereafter for toughened glass. Since then, the company has expanded its operations by adding an automated lamination line in January 2007 and broadened its scope of business activities by processing various value added glass for exterior and interior applications, including decorative glass.
SAGL is currently setting up a 550tpd greenfield float glass manufacturing project with an estimated capex of Rs 588 crore with a capacity of 200,750 MT per annum float glass plant at Jhagadia, Baruch District in Gujarat.
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SAGL’s key clients consist of Reliance, K. Raheja, SP Fabricators, L&T to name a few. The company’s glass has been used in structures such as Inorbit Mall, Sun Pharma (Mumbai and Baroda), K. Raheja IT Park (Hyderabad), Bangalore International Airport and Chhattrapati Shivaji Airport (Domestic terminal), Amritsar Airport, HCC, Brigade Gateway & so on.
SAGL also operates its retail division through its own premises named “Sejal Encasa” which became operational in April 2007. “SEJAL ENCASA” trades in all mid and high end decorative glass, art & artifacts, lightings, sanitary ware, tiles and wallpapers.
About Sejal Group
Established in 1991, Sejal Group has expanded its business into Sejal Glass House, Sejal Glass Craft Pvt. Ltd. and Sejal Architectural Glass Ltd. The group has also made a foray into Insurance Broking and Finance businesses. With its ambitious expansion plans Sejal has marked its presence into Interior Products Retailing and will soon come up with Float Glass Manufacturing.