Advani Hotels & Resorts India Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on September 26, 2007, inter alia, have approved the following:
1. Delisting of equity shares from Delhi Stock Exchange Association Ltd.
2. Sub-division of equity shares of the Company from one equity share of Rs 10/- each to five equity shares of Rs 2/- each.
3. Increase in the borrowing limits upto Rs 100 crores.
4. Re-appointment of Mr. Sunder G Advani as the Managing Director.
5. Re-appointment of Mr. Haresh G Advani as the Executive Director.
Saturday, September 29, 2007
Friday, September 28, 2007
Thursday, September 27, 2007
Wednesday, September 26, 2007
Tuesday, September 25, 2007
Gateway Distriparks - Outcome Of AGM
Gateway Distriparks Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 20, 2007 inter alia, have accorded to the following:
1. Adoption of Audited Accounts, Directors and Auditors Report.
2. Confirmation of the Interim Dividends of 35% declared for the FY ended March 31, 2007.
3. Re-appointment of Mr. Gopinath Pillai, Mr. Shabbir Hassanbhai and Mr. Sat Pal Khattar as Directors of the Company.
4. Re-appointment of M/s. Price Waterhouse, Chartered Accountants, as the Auditors of the company.
5. Appointment of Mr. Saroosh Dinshaw and Mr. Arun Agarwal as Directors of the Company.
1. Adoption of Audited Accounts, Directors and Auditors Report.
2. Confirmation of the Interim Dividends of 35% declared for the FY ended March 31, 2007.
3. Re-appointment of Mr. Gopinath Pillai, Mr. Shabbir Hassanbhai and Mr. Sat Pal Khattar as Directors of the Company.
4. Re-appointment of M/s. Price Waterhouse, Chartered Accountants, as the Auditors of the company.
5. Appointment of Mr. Saroosh Dinshaw and Mr. Arun Agarwal as Directors of the Company.
Camlin - Outcome Of Board Meeting
Camlin Ltd has informed that the Board of Directors of the Company at its meeting held on September 24, 2007, has approved the following items:
1. Allotment and issue of 300000 Equity Shares of Rs 10/- each at a price of Rs 175/- per share for cash (inclusive of Share Premium of Rs 165/- per share) upon conversion of 300000 Equity Warrants to Notz Stucki Et Cie SA A/c. Anna Fund.
2. Allotment and issue of 300000 Equity Shares Notz Stucki Et. Cie SA A/c. Anna Fund and 600000 Equity Shares to Comgest Growth PLC - Comgest Growth India of Rs 10/- each at a price of Rs 175/- per share for cash (inclusive of Share Premium of Rs 165/- per share).
3. Resignation of Mr. P M Sapre as Director of the Company w.e.f. September 24, 2007.
4. Appointment of Mr. Anil Sanghivi, as an Additional Director on the Board w.e.f.September 24, 2007 as a representative of Notz Stucki Et. Cie SA A/c. Aruna Fund and also as a member of the Audit Committee.
Further the Company has informed that, Mr. Milind Hukeri has been appointed as Vice President (Finance & Accounts) w.e.f. September 01, 2007 reportable to Chairman & ManagingDirector.
1. Allotment and issue of 300000 Equity Shares of Rs 10/- each at a price of Rs 175/- per share for cash (inclusive of Share Premium of Rs 165/- per share) upon conversion of 300000 Equity Warrants to Notz Stucki Et Cie SA A/c. Anna Fund.
2. Allotment and issue of 300000 Equity Shares Notz Stucki Et. Cie SA A/c. Anna Fund and 600000 Equity Shares to Comgest Growth PLC - Comgest Growth India of Rs 10/- each at a price of Rs 175/- per share for cash (inclusive of Share Premium of Rs 165/- per share).
3. Resignation of Mr. P M Sapre as Director of the Company w.e.f. September 24, 2007.
4. Appointment of Mr. Anil Sanghivi, as an Additional Director on the Board w.e.f.September 24, 2007 as a representative of Notz Stucki Et. Cie SA A/c. Aruna Fund and also as a member of the Audit Committee.
Further the Company has informed that, Mr. Milind Hukeri has been appointed as Vice President (Finance & Accounts) w.e.f. September 01, 2007 reportable to Chairman & ManagingDirector.
IEC Softwares - Outcome Of AGM
IEC Softwares Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on September 18, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2007 & Profit & Loss Account for the year ended on that date along with the Directors Report & Auditors Report thereon.
2. Re-appointment of Mr. Sarabjit Singh Saini, as a Director of the Company.
3. Re-appointment of M/s. Nath & Hari, Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Appointment of Mr. H P Singh, Mr. Rashik Makkar & Mr. A K Khare, as Additional Directors whose period of office have expired at the commencement at this Annual General Meeting of the Company.
1. Adoption of the Audited Balance Sheet as at March 31, 2007 & Profit & Loss Account for the year ended on that date along with the Directors Report & Auditors Report thereon.
2. Re-appointment of Mr. Sarabjit Singh Saini, as a Director of the Company.
3. Re-appointment of M/s. Nath & Hari, Chartered Accountants, as Auditors of the Company, to hold office from the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Appointment of Mr. H P Singh, Mr. Rashik Makkar & Mr. A K Khare, as Additional Directors whose period of office have expired at the commencement at this Annual General Meeting of the Company.
Rainbow Papers - Outcome Of AGM
Rainbow Papers Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet of the Company as at March 31, 2007 and the Profit & Loss Account for the year ended on that date together with the Directors Report and Auditors Report thereon.
2. Declaration of dividend @16% on the Equity Share Capital of the Company for the year 2006-2007.
3. Re-appointment of Shri. Kalpesh Owal & Shri. O P Goyal as Directors of the Company.
4. Re-appointment of M/s. Pravin M Shah & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.
1. Adoption of the Balance Sheet of the Company as at March 31, 2007 and the Profit & Loss Account for the year ended on that date together with the Directors Report and Auditors Report thereon.
2. Declaration of dividend @16% on the Equity Share Capital of the Company for the year 2006-2007.
3. Re-appointment of Shri. Kalpesh Owal & Shri. O P Goyal as Directors of the Company.
4. Re-appointment of M/s. Pravin M Shah & Co., Chartered Accountants as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms and conditions.
Polar Pharma - Outcome Of AGM
Polar Pharma India Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on September 13, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2007, Profit & Loss Account for the year ended March 31, 2007 & Cash Flow Statement for the year ended March 31, 2007 together with the Directors Report & Auditors Report thereon.
2. Re-appointment of Mr. Pabitra Aditya & Mr. Sushil Kumar Dhandhania, as Directors of the Company.
3. Re-appointment of M/s. L B Jha & Co., Chartered Accountants, as Auditors of the Company to hold such office of next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Continuation of Mr. Sunil Agarwal as Whole Time Director designated as Vice Chairman for a further period of 3 years with effect from July 30, 2007, on remuneration, terms & conditions.
1. Adoption of the Audited Balance Sheet as at March 31, 2007, Profit & Loss Account for the year ended March 31, 2007 & Cash Flow Statement for the year ended March 31, 2007 together with the Directors Report & Auditors Report thereon.
2. Re-appointment of Mr. Pabitra Aditya & Mr. Sushil Kumar Dhandhania, as Directors of the Company.
3. Re-appointment of M/s. L B Jha & Co., Chartered Accountants, as Auditors of the Company to hold such office of next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Continuation of Mr. Sunil Agarwal as Whole Time Director designated as Vice Chairman for a further period of 3 years with effect from July 30, 2007, on remuneration, terms & conditions.
Monday, September 24, 2007
Avantel Softech - Outcome Of AGM
Avantel Softech Ltd has informed that the members at the 17th Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded to the following:
1. Consideration and adoption of Balance Sheet as at March 31, 2007 and Profit & Loss Accounts for the year ended as on that date together with the report of the board of directors and auditors thereof.
2. Approved 10% dividend for the financial year 2006-07.
3. Re-appointment of Sri. S Venkateswara Rao & Maj Gen (Retd) S Balakrishnan, VSM as Directors.
4. Re-appointment of A Madhusudana & Co.. as Statutory Auditors of the Company.
5. Re-appointment of Sri. S Vidyasagar as Managing Director for another term of three years.
6. Appointment of Sri. N Divakar as Director (Technical) for another term of three years.
7. Re-appointment of Smt. A Sarada as Director (Accounts) for another term of three years.
8. Remuneration to Non-executive Directors.
9. Declaration of postal ballot result by chairman with specific majority regarding Amendment of Memorandum of Association of the Company by inserting clause III (a) 11 and 12.
1. Consideration and adoption of Balance Sheet as at March 31, 2007 and Profit & Loss Accounts for the year ended as on that date together with the report of the board of directors and auditors thereof.
2. Approved 10% dividend for the financial year 2006-07.
3. Re-appointment of Sri. S Venkateswara Rao & Maj Gen (Retd) S Balakrishnan, VSM as Directors.
4. Re-appointment of A Madhusudana & Co.. as Statutory Auditors of the Company.
5. Re-appointment of Sri. S Vidyasagar as Managing Director for another term of three years.
6. Appointment of Sri. N Divakar as Director (Technical) for another term of three years.
7. Re-appointment of Smt. A Sarada as Director (Accounts) for another term of three years.
8. Remuneration to Non-executive Directors.
9. Declaration of postal ballot result by chairman with specific majority regarding Amendment of Memorandum of Association of the Company by inserting clause III (a) 11 and 12.
Peninsula Land - Outcome Of AGM
Peninsula Land Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded for effecting sub-division of the paid-up Equity Share Capital of the Company comprising of 4,70,90,244 Equity Shares of Rs 10/- each in the Equity Capital of the Company, into 23,54,51,220 Equity Shares of Rs 2/- each.
Further resolved that, in pursuance of Section 16 and other applicable provisions of the Act, the existing Clause V of the Memorandum of Association of the Company be substituted with the following clause:
The Authorized Share Capital of the Company is Rs 52,00,00,000 divided into 25,99,95,000 Equity Shares of Rs 2/- aggregating to Rs 51,99,90,000/- and 1,000 5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 10,000/ and the Share Capital shall be capable of being increased and reduced in accordance with the Companys Regulations and Legislative provisions for the time being in force in that behalf, with power to divide the shares in the Capital for the time being into Equity Share Capital and Preference Share Capital and to attach thereto respectively any preferential, qualified or special rights, privileges or conditions.
Further resolved that, the nominal value of equity shares wherever it appears in the Memorandum and Articles of Association of the Company or any other documents of the Company be replaced by Rs 2/- in place of Rs 10/-.
Further resolved that, in pursuance of Section 16 and other applicable provisions of the Act, the existing Clause V of the Memorandum of Association of the Company be substituted with the following clause:
The Authorized Share Capital of the Company is Rs 52,00,00,000 divided into 25,99,95,000 Equity Shares of Rs 2/- aggregating to Rs 51,99,90,000/- and 1,000 5% Cumulative Redeemable Preference Shares of Rs 10/- each aggregating to Rs 10,000/ and the Share Capital shall be capable of being increased and reduced in accordance with the Companys Regulations and Legislative provisions for the time being in force in that behalf, with power to divide the shares in the Capital for the time being into Equity Share Capital and Preference Share Capital and to attach thereto respectively any preferential, qualified or special rights, privileges or conditions.
Further resolved that, the nominal value of equity shares wherever it appears in the Memorandum and Articles of Association of the Company or any other documents of the Company be replaced by Rs 2/- in place of Rs 10/-.
Mascon Global - Outcome Of AGM
Mascon Global Ltd has informed that the members at the 16th Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have accorded to the following:
1. Adoption of Audited Annual Accounts for the financial year ended March 31, 2007.
2. Re-appointment of retiring Directors, Mr. R. Gowri Shanker, Dr. Nandu Thondavadi & Mr. Shiv Kumar Jatia.
3. Re-appointment of Statutory Auditors G. Balu Associates, Chartered Accountants, Chennai.
4. Approval for Investment limit u/s 372A(1) of the Companies Act, 1956 for a sum not exceeding Rs 9000 Million.
5. Approval for increasing the Authorized capital of the Company from Rs 360,00,00,000 to Rs 450,00,00,000.
6. Approval for Employees Stock Option Scheme (ESOS) for the employees of the Company, its Subsidiary Companies and to the Non-Executive Directors of the Company.
7. Approval for increasing the remuneration of Mr. Chandra, Executive Chairman & CEO.
8. Approval for Issue of Securities by way of GDR / ADR / FCCB to the extent of US $ 150 Million. (The said resolution has already been approved by the members in the AGM held on September 28, 2006. As a good corporate practice, it is recommended that the entire resolution covering even the public issue of securities of any nature as described in the resolution be approved by the members in their meeting.)
1. Adoption of Audited Annual Accounts for the financial year ended March 31, 2007.
2. Re-appointment of retiring Directors, Mr. R. Gowri Shanker, Dr. Nandu Thondavadi & Mr. Shiv Kumar Jatia.
3. Re-appointment of Statutory Auditors G. Balu Associates, Chartered Accountants, Chennai.
4. Approval for Investment limit u/s 372A(1) of the Companies Act, 1956 for a sum not exceeding Rs 9000 Million.
5. Approval for increasing the Authorized capital of the Company from Rs 360,00,00,000 to Rs 450,00,00,000.
6. Approval for Employees Stock Option Scheme (ESOS) for the employees of the Company, its Subsidiary Companies and to the Non-Executive Directors of the Company.
7. Approval for increasing the remuneration of Mr. Chandra, Executive Chairman & CEO.
8. Approval for Issue of Securities by way of GDR / ADR / FCCB to the extent of US $ 150 Million. (The said resolution has already been approved by the members in the AGM held on September 28, 2006. As a good corporate practice, it is recommended that the entire resolution covering even the public issue of securities of any nature as described in the resolution be approved by the members in their meeting.)
Precision Electronics - Outcome Of AGM
Precision Electronics Ltd has informed that the members at the 28th Annual General Meeting (AGM) of the Company held on August 20, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended on that date together with the Auditors Report and Directors Report thereon.
2. Re-appointment of Mr. Anant Kanoi & Brig. Joginder Singh (Retd.) as Directors of the Company.
3. Re-appointment of M/s. Rajendra K Goel & Co. Chartered Accountants, as Auditors of the Company for the year 2007-08 to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Increase the remuneration payable to Shri. Vidhur Kanodia, Chief officer (IT) of the Company w.e.f. October 01, 2007, on terms & conditions.
5. Authority to the Board of Directors to borrow money, from time to time /, from any bank / financial institution / lenders, in any form or manner or tranches, whether unsecured or secured, on such terms and conditions as may be decided by the Board from time to time, notwithstanding that the moneys to be borrowed together with moneys already borrowed by the Company {apart from the temporary loans obtained / to be obtained from the Companys bankers in the ordinary course of business} exceed the aggregate of paid up share capital and free reserves of the Company, provided that the total amount of the borrowing by the Board, at any time, shall not exceed the limit of Rs 100 Crore.
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended on that date together with the Auditors Report and Directors Report thereon.
2. Re-appointment of Mr. Anant Kanoi & Brig. Joginder Singh (Retd.) as Directors of the Company.
3. Re-appointment of M/s. Rajendra K Goel & Co. Chartered Accountants, as Auditors of the Company for the year 2007-08 to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Increase the remuneration payable to Shri. Vidhur Kanodia, Chief officer (IT) of the Company w.e.f. October 01, 2007, on terms & conditions.
5. Authority to the Board of Directors to borrow money, from time to time /, from any bank / financial institution / lenders, in any form or manner or tranches, whether unsecured or secured, on such terms and conditions as may be decided by the Board from time to time, notwithstanding that the moneys to be borrowed together with moneys already borrowed by the Company {apart from the temporary loans obtained / to be obtained from the Companys bankers in the ordinary course of business} exceed the aggregate of paid up share capital and free reserves of the Company, provided that the total amount of the borrowing by the Board, at any time, shall not exceed the limit of Rs 100 Crore.
Mysore Petro - Outcome Of AGM
Mysore Petro Chemicals Ltd has informed that the members at the 37th Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia have accorded to the following:
1. Adoption of the audited Balance Sheet of the Company as on March 31, 2007 and the profit & Loss account on that date together with the Reports of Directors and Auditors thereon.
2. Appointment of Shri. S N Maheshwari as Director, liable to retire by rotation.
3. Re-appointment of M/s. Hariharan & Co., Chartered Accountants, Bangalore, as Statutory Auditors of the Company from the conclusion of this Annual General Meeting (AGM) till the conclusion of the next AGM of the Company.
4. Appointment of Shri. M M Jayakar as Director, liable to retire by rotation.
1. Adoption of the audited Balance Sheet of the Company as on March 31, 2007 and the profit & Loss account on that date together with the Reports of Directors and Auditors thereon.
2. Appointment of Shri. S N Maheshwari as Director, liable to retire by rotation.
3. Re-appointment of M/s. Hariharan & Co., Chartered Accountants, Bangalore, as Statutory Auditors of the Company from the conclusion of this Annual General Meeting (AGM) till the conclusion of the next AGM of the Company.
4. Appointment of Shri. M M Jayakar as Director, liable to retire by rotation.
Saturday, September 22, 2007
Genus Power - Outcome Of Board Meeting
Genus Power Infrastructures Ltd has informed that the Board of Directors of the Company at its meeting held on September 21, 2007, inter alia, has decided the following:
1. To issue equity shares upto 15,00,000 equity shares of Rs 10/- at a price of Rs 560 per share (including a premium of Rs 550 per share) on a preferential basis to the financial investors, pursuant to and in accordance with applicable guidelines and subject to the consent of the members of the Company and other requisite authorities and subject to negotiating and finalising the terms relating to the proposed investment by the parties.
2. To convene an Extra Ordinary General Meeting to seek the approval of the members of the Company for the above preferential allotments.
1. To issue equity shares upto 15,00,000 equity shares of Rs 10/- at a price of Rs 560 per share (including a premium of Rs 550 per share) on a preferential basis to the financial investors, pursuant to and in accordance with applicable guidelines and subject to the consent of the members of the Company and other requisite authorities and subject to negotiating and finalising the terms relating to the proposed investment by the parties.
2. To convene an Extra Ordinary General Meeting to seek the approval of the members of the Company for the above preferential allotments.
Unisys Softwares - Outcome Of AGM
Unisys Softwares & Holding Industries Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 19, 2007, inter alia, have accorded to the following:
1. Adoption of the Directors Report and Audited Statement of Accounts for the year endedMarch 31, 2007.
2. Re-appointment of Mr. Dharampal Sharma, Director of the Company.
3. Re-appointment of M/s. T N Datta & Associates, Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
1. Adoption of the Directors Report and Audited Statement of Accounts for the year endedMarch 31, 2007.
2. Re-appointment of Mr. Dharampal Sharma, Director of the Company.
3. Re-appointment of M/s. T N Datta & Associates, Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
JMD Telefilms - Outcome Of AGM
JMD Telefilms Industries Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 18, 2007, inter alia, have accorded to the following:
1. Adoption of the Directors Report and Audited Statement of Accounts for the year endedMarch 31, 2007.
2. Re-appointment of Mr. Pravin Sawant, Director of the Company.
3. Re-appointment of M/s. T N Data & Associates, Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion ofthe next Annual General Meeting of the Company on remuneration, terms & conditions.
4. To pay Dividend @ 5% per Equity Shares of Rs 10/- each to the members whose names appears in list of members on the data of AGM.
1. Adoption of the Directors Report and Audited Statement of Accounts for the year endedMarch 31, 2007.
2. Re-appointment of Mr. Pravin Sawant, Director of the Company.
3. Re-appointment of M/s. T N Data & Associates, Chartered Accountants, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion ofthe next Annual General Meeting of the Company on remuneration, terms & conditions.
4. To pay Dividend @ 5% per Equity Shares of Rs 10/- each to the members whose names appears in list of members on the data of AGM.
Gogia International - Outcome Of AGM
Gogia International Securities Ltd has informed that the shareholders at the 13th Annual General Meeting (AGM) of the Company held on August 27, 2007 inter alia, have accorded to the following:
1. To adopt the Audited Balance Sheet as at March 31, 2007 and Profit & Loss A/c for the year ended on that date together with the Reports of the Directors and Auditors thereon.
2. To appoint a Director in place of Mr. Bhavuk K Makkar, who retires by rotation and being eligible offers themselves for reappointment as a Director.
3. To appoint auditors to hold office from conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company and to authorize the Board of Directors to fix their remuneration.
4. To appoint Mrs. Jyoti Mehndiratta as a Director retiring by rotation (who was appointed as an Additional Director by the Board of Directors to hold the office of Director only up to the date of this meeting), in respect of whom the Company has received a notice in writing from a member proposing her candidature for the office of Director.
5. To ratify the appointment of Mr. Satish Gogia as Managing Director by the Board of Directors of the Company at its meeting held on April 30, 2007 for a period commencing from May 01, 2007 and ending on September 30, 2008 of the Company on remuneration, terms & conditions.
1. To adopt the Audited Balance Sheet as at March 31, 2007 and Profit & Loss A/c for the year ended on that date together with the Reports of the Directors and Auditors thereon.
2. To appoint a Director in place of Mr. Bhavuk K Makkar, who retires by rotation and being eligible offers themselves for reappointment as a Director.
3. To appoint auditors to hold office from conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company and to authorize the Board of Directors to fix their remuneration.
4. To appoint Mrs. Jyoti Mehndiratta as a Director retiring by rotation (who was appointed as an Additional Director by the Board of Directors to hold the office of Director only up to the date of this meeting), in respect of whom the Company has received a notice in writing from a member proposing her candidature for the office of Director.
5. To ratify the appointment of Mr. Satish Gogia as Managing Director by the Board of Directors of the Company at its meeting held on April 30, 2007 for a period commencing from May 01, 2007 and ending on September 30, 2008 of the Company on remuneration, terms & conditions.
Citurgia Biochemicals - Outcome Of AGM
Citurgia Biochemicals Ltd has informed that the members at the 32nd Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet as at March 31, 2007, Profit & Loss Account for the year ended as on that date, along with Auditors and Directors Report thereon together with Schedules annexed thereto.
2. Re-appointment of M/s. Nanubhai & Co, Chartered Accountants, as Auditors of the Company to hold office until conclusion of the next AGM of the Company & that the Board of Directors authorized to fix their remuneration.
3. Appointment of Shri Fateh Bahadur Singh, Shri Sanjeev Kumar, Shri Chandra Shekhar & Shri Bhagat Ram Kothari, as Directors of the Company, liable to retire by rotation.
1. Adoption of the Balance Sheet as at March 31, 2007, Profit & Loss Account for the year ended as on that date, along with Auditors and Directors Report thereon together with Schedules annexed thereto.
2. Re-appointment of M/s. Nanubhai & Co, Chartered Accountants, as Auditors of the Company to hold office until conclusion of the next AGM of the Company & that the Board of Directors authorized to fix their remuneration.
3. Appointment of Shri Fateh Bahadur Singh, Shri Sanjeev Kumar, Shri Chandra Shekhar & Shri Bhagat Ram Kothari, as Directors of the Company, liable to retire by rotation.
Friday, September 21, 2007
Godrej Industries - Outcome Of Board Meeting
Godrej Industries Ltd has informed that the Board of Directors of the Company at its meeting held on September 18, 2007, inter alia, has approved the following:
1. Appointment of Mr. C K Vaidya as an Additional Director with effect from September 18, 2007.
2. Appointment of Mr. C K Vaidya as Executive Director & President (Business Excellence) with effect from September 18, 2007, subject to approval of shareholders in the General Meeting.
1. Appointment of Mr. C K Vaidya as an Additional Director with effect from September 18, 2007.
2. Appointment of Mr. C K Vaidya as Executive Director & President (Business Excellence) with effect from September 18, 2007, subject to approval of shareholders in the General Meeting.
Industrial & Prudential - Outcome Of AGM
ndustrial & Prudential Investment Company Ltd has informed that the members at the 91st Annual General Meeting (AGM) of the Company held on June 29, 2007, inter alia, have accorded to the following:
1. Adoption of the Boards Report, the Audited Balance Sheet and the Profit and Loss Account of the Company for the year ended March 31, 2007 and the Auditors Report thereon.
2. Declaration of dividend for the year ended March 31, 20067 at the rate of 120% i.e. Rs 12.00 per share on equity shares of Rs 10.00 each.
3. Re-appointment of Mr. V C Vaidya & Mr. A V Satalvad, as Directors of the Company.
4. Appointment of Messrs. N M Raiji & Co., Chartered Accounts, as Auditors of the Company to hold office up to the conclusion of this meeting until the conclusion of the next annual general meeting of the Company, on remuneration, terms and conditions.
5. To keep the Registers and Indexes of Members, Registers and Indexes of Debenture holders and copies of all Annual Returns prepared under sections 159 and 160 together with the copies of certificates and documents and such other relevant documents at the Registered Office of the Company and / or at Intime Spectrum Registry Ltd, Mumbai, being the Companys Registrar and Transfer Agents appointed in accordance with SEBI (Registrars to an Issue and Share Transfer Agent) Rules, 1993.
1. Adoption of the Boards Report, the Audited Balance Sheet and the Profit and Loss Account of the Company for the year ended March 31, 2007 and the Auditors Report thereon.
2. Declaration of dividend for the year ended March 31, 20067 at the rate of 120% i.e. Rs 12.00 per share on equity shares of Rs 10.00 each.
3. Re-appointment of Mr. V C Vaidya & Mr. A V Satalvad, as Directors of the Company.
4. Appointment of Messrs. N M Raiji & Co., Chartered Accounts, as Auditors of the Company to hold office up to the conclusion of this meeting until the conclusion of the next annual general meeting of the Company, on remuneration, terms and conditions.
5. To keep the Registers and Indexes of Members, Registers and Indexes of Debenture holders and copies of all Annual Returns prepared under sections 159 and 160 together with the copies of certificates and documents and such other relevant documents at the Registered Office of the Company and / or at Intime Spectrum Registry Ltd, Mumbai, being the Companys Registrar and Transfer Agents appointed in accordance with SEBI (Registrars to an Issue and Share Transfer Agent) Rules, 1993.
Bharat Electronics - Outcome Of AGM
Bharat Electronics Ltd has informed that the shareholders at the 53rd Annual General Meeting (AGM) of the Company held on September 20, 2007, inter alia, have declared payment of 140% Final Dividend on the paid up equity capital of the Company (Dividend @ Rs 14/- per share). Further the Company has informed that, the Company has fixed October 17, 2007 as the due date of Final Dividend for the year 2006-07.
Martin Burn - Outcome Of AGM
Martin Burn Ltd has informed that the members at the 60th Annual General Meeting (AGM) of the Company held on September 21, 2007, inter alia, have approved the following business:
1. Adoption of Audited Balance Sheet as at March 31, 2007, Profit & Loss Account for the period ended on that date and the reports of the Board of Directors & Auditors thereon.
2. Re-appointment of Shri. Sanjay Kumar Bhartiya & Shri. Pawan Murarka, who retired by rotation and being eligible offered themselves for appointment.
3. Re-appointment of M/s. D P Sen & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, at a remuneration to be decided by the Board of Directors of the Company.
4. Appointment of Shri. Narayanswami Sitaraman as a Director of the Company, liable to retire by rotation.
1. Adoption of Audited Balance Sheet as at March 31, 2007, Profit & Loss Account for the period ended on that date and the reports of the Board of Directors & Auditors thereon.
2. Re-appointment of Shri. Sanjay Kumar Bhartiya & Shri. Pawan Murarka, who retired by rotation and being eligible offered themselves for appointment.
3. Re-appointment of M/s. D P Sen & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, at a remuneration to be decided by the Board of Directors of the Company.
4. Appointment of Shri. Narayanswami Sitaraman as a Director of the Company, liable to retire by rotation.
Gitanjali Gems - Outcome Of AGM
Gitanjali Gems Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 20, 2007, inter alia, have passed the following resolutions:
1. Considered and approved the Audited Balance Sheet as at March 31, 2007, the Profit and Loss Accounts for the year ended as on that date together with Reports of the Board of Directors and Auditors thereon.
2. Declared and approved dividend @ 15% (Re 1 per share) on 60,552,545 Equity shares of Rs 10/- each.
3. Re-appointed Mr. S Krishnan, Mr. Prakash D Shah as directors of the Company, who has retired by rotation and being eligible offered themselves for re-appointment.
4. Re-appointed M/s. Ford, Rhodes, Parks & Co., Chartered Accountants, Mumbai as the Auditors of the Company, who shall hold the office upto the conclusion of the next Annual General Meeting of the Company.
5. Approved that the Registers and the Index of Members, Bond holders and copies of all annual returns prepared under section 159 of the Act, together with the copies of certificates and documents required to be annexed thereto under section 161 of the Act or any one or more of them be kept at the Corporate Office of the Company situated at Bandra (East), Mumbai and / or at the Central Share Department, M/s. Karvy Computershare Pvt Ltd, Banjara Hills, Hyderabad.
1. Considered and approved the Audited Balance Sheet as at March 31, 2007, the Profit and Loss Accounts for the year ended as on that date together with Reports of the Board of Directors and Auditors thereon.
2. Declared and approved dividend @ 15% (Re 1 per share) on 60,552,545 Equity shares of Rs 10/- each.
3. Re-appointed Mr. S Krishnan, Mr. Prakash D Shah as directors of the Company, who has retired by rotation and being eligible offered themselves for re-appointment.
4. Re-appointed M/s. Ford, Rhodes, Parks & Co., Chartered Accountants, Mumbai as the Auditors of the Company, who shall hold the office upto the conclusion of the next Annual General Meeting of the Company.
5. Approved that the Registers and the Index of Members, Bond holders and copies of all annual returns prepared under section 159 of the Act, together with the copies of certificates and documents required to be annexed thereto under section 161 of the Act or any one or more of them be kept at the Corporate Office of the Company situated at Bandra (East), Mumbai and / or at the Central Share Department, M/s. Karvy Computershare Pvt Ltd, Banjara Hills, Hyderabad.
Thursday, September 20, 2007
Axon Infotech - Outcome Of Board Meeting
Axon Infotech Ltd has informed that the Board of Directors of the Company at its meeting held on September 19, 2007, inter alia, has considered and accorded the following:
1. Decided to Induct Mr. Ramakrishna Dutt, as an Additional Director on the Board and entrust him with the responsibilities of Chief Executive Office (CEO).
2. Considered and Decided to the Amalgamate M/s. Quasar Innovations Pvt Ltd, Bangalore with the Company.
3. Ratified the appointment of M/s. Firstcall India Equity Advisors Pvt Ltd as the financial and strategic advisors of the Company.
4. Decided to discuss the swap ratios for the proposed amalgamation after studying the valuations given by the financial advisors.
5. Decided to meet on September 27 to discuss the associated valuations and swap ratios for the proposed Merger / Amalgamation of M/s. Quasar Innovations Pvt Ltd. Bangalore with the Company.
6. The Company is situated in Bangalore, Indias IT hub, and has grown at 300% year on year since its inception. Quasar also has liaison offices in North America and Europe to serve its international customers better. During its years in the wireless telecom area, QI has forged strong ties with market leaders such as Motorola, Ericsson and Texas Instruments.
1. Decided to Induct Mr. Ramakrishna Dutt, as an Additional Director on the Board and entrust him with the responsibilities of Chief Executive Office (CEO).
2. Considered and Decided to the Amalgamate M/s. Quasar Innovations Pvt Ltd, Bangalore with the Company.
3. Ratified the appointment of M/s. Firstcall India Equity Advisors Pvt Ltd as the financial and strategic advisors of the Company.
4. Decided to discuss the swap ratios for the proposed amalgamation after studying the valuations given by the financial advisors.
5. Decided to meet on September 27 to discuss the associated valuations and swap ratios for the proposed Merger / Amalgamation of M/s. Quasar Innovations Pvt Ltd. Bangalore with the Company.
6. The Company is situated in Bangalore, Indias IT hub, and has grown at 300% year on year since its inception. Quasar also has liaison offices in North America and Europe to serve its international customers better. During its years in the wireless telecom area, QI has forged strong ties with market leaders such as Motorola, Ericsson and Texas Instruments.
Polyplex Corporation - Outcome Of AGM
Polyplex Corporation Ltd has informed that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 15, 2007, inter alia, have transacted the following:
1. Adoption of Audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon.
2. Declaration of Dividend @40% (Rs 4/- on each equity share of the face value of Rs 10/-)
3. Appointment of Shri S G Subrahmanyan as Director liable to retire by rotation.
4. Appointment of M/s Lodha & Co., Chartered Accountants from the conclusion of 22nd Annual General Meeting to the conclusion of next Annual General Meeting with the authority to the Board of Directors to fix their remuneration.
5. Non-filling of vacancy caused on the Board of Directors due to the retirement of Shri Ramesh Bhatia, who retired at the 22nd Annual General Meeting.
6. Appointment of Shri Ranjit Singh as Director of the Company.
7. Appointment and Fixation of remuneration of Shri Ranjit Singh as Whole-time Director for a period of three years w.e.f. July 13, 2007, by way of Special Resolution..
8. Authority to Board of Directors pursuant to Section 293(1)(d) of the Companies Act, 1956, to borrow upto Rs 700.00 Crores.
9. Authority to Board of Directors pursuant to Section 293(1)(a) of the Companies Act, 1956, to create charge / mortgage assets properties of the Company to secure the borrowings of the Company upto Rs 700.00 Crores.
1. Adoption of Audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon.
2. Declaration of Dividend @40% (Rs 4/- on each equity share of the face value of Rs 10/-)
3. Appointment of Shri S G Subrahmanyan as Director liable to retire by rotation.
4. Appointment of M/s Lodha & Co., Chartered Accountants from the conclusion of 22nd Annual General Meeting to the conclusion of next Annual General Meeting with the authority to the Board of Directors to fix their remuneration.
5. Non-filling of vacancy caused on the Board of Directors due to the retirement of Shri Ramesh Bhatia, who retired at the 22nd Annual General Meeting.
6. Appointment of Shri Ranjit Singh as Director of the Company.
7. Appointment and Fixation of remuneration of Shri Ranjit Singh as Whole-time Director for a period of three years w.e.f. July 13, 2007, by way of Special Resolution..
8. Authority to Board of Directors pursuant to Section 293(1)(d) of the Companies Act, 1956, to borrow upto Rs 700.00 Crores.
9. Authority to Board of Directors pursuant to Section 293(1)(a) of the Companies Act, 1956, to create charge / mortgage assets properties of the Company to secure the borrowings of the Company upto Rs 700.00 Crores.
Pioneer Distilleries - Outcome Of AGM
Pioneer Distilleries Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on September 19, 2007, inter alia, have approved the following:
1. Annual Accounts for the financial year ended March 31, 2007.
2. The Dividend @ 10% to the Equity Shareholders of the Company for the year ended March 31, 2007.
3. Re-appointment of Shri. K V Rajeshwar Rao & Shri. V Subramanian, as Directors of the Company.
4. Appointment of M/s. Alapati Vadde & Co., as Statutory Auditors of the Company.
5. Revision in remuneration payable to Shri. K Sudhir Rao, Vice Chairman of the Company.
6. Revision in remuneration payable to Shri. K Suhan Rao, Managing Director of the Company.
1. Annual Accounts for the financial year ended March 31, 2007.
2. The Dividend @ 10% to the Equity Shareholders of the Company for the year ended March 31, 2007.
3. Re-appointment of Shri. K V Rajeshwar Rao & Shri. V Subramanian, as Directors of the Company.
4. Appointment of M/s. Alapati Vadde & Co., as Statutory Auditors of the Company.
5. Revision in remuneration payable to Shri. K Sudhir Rao, Vice Chairman of the Company.
6. Revision in remuneration payable to Shri. K Suhan Rao, Managing Director of the Company.
Phoenix International - Outcome Of Board Meeting
Phoenix International Ltd has informed that the Board of Directors of the Company at its meeting held on September 19, 2007, has considered and approved the following:
1. To provide corporate guarantee to Oriental Bank of Commerce and / or Syndicate Bank against the additional financial facilities being provided / sanctioned to M/s. Focus Energy Ltd.
2. To provide second charge on property at A- 37, Sector - 60, Noida against the additional financial facilities being provided / sanctioned to M/s. Focus Energy Ltd.
The above said decision taken by the board are subject the approval of the members of the Company and in terms of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules 2001 read with listing agreement, the consent of the members of the company are required to be obtained through Postal Ballot process.
1. To provide corporate guarantee to Oriental Bank of Commerce and / or Syndicate Bank against the additional financial facilities being provided / sanctioned to M/s. Focus Energy Ltd.
2. To provide second charge on property at A- 37, Sector - 60, Noida against the additional financial facilities being provided / sanctioned to M/s. Focus Energy Ltd.
The above said decision taken by the board are subject the approval of the members of the Company and in terms of Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules 2001 read with listing agreement, the consent of the members of the company are required to be obtained through Postal Ballot process.
Tata Teleservices - Outcome Of AGM
Tata Teleservices Maharashtra Ltd has informed that the members at the 12th Annual General Meeting (AGM) of the Company held on August 24, 2007, inter alia, have accorded to the following:
1. Adoption of the Companys audited Balance Sheet as at March 31, 2007, the audited Profit and Loss Account and the audited Cash Flow Statement for the financial year ended on that date together with Directors and Auditors Report thereon.
2. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
3. Re-election of Mr. N S Ramachandran, as a Director of the Company, liable to retirement by rotation.
4. The vacancy caused on the Board of Directors of the Company due to the retirement of Dr. Naushad Forbes, a Director of the Company who was liable to retire by rotation at this Annual General Meeting and who does not seek re-election, be not filled.
5. Appointment of Prof. Ashok Jhunjhunwala, as a Director of the Company, liable to retirement by rotation.
6. To keep the Register of Members, Index of Members, Register of Debenture holders, Index of Debentureholders and copies of all annual returns prepared under section 159 together with copies of certificates and documents required to be annexed thereto under section 161, at the TSR Darashaw Ltd, Mahalaxmi, Mumbai instead of at the registered office of the Company.
7. Alteration in the Articles of Association of the Company in the manner stated below:
The following Article 60A is inserted after the existing Article 60 of the Articles of Association of the Company.
1. Adoption of the Companys audited Balance Sheet as at March 31, 2007, the audited Profit and Loss Account and the audited Cash Flow Statement for the financial year ended on that date together with Directors and Auditors Report thereon.
2. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
3. Re-election of Mr. N S Ramachandran, as a Director of the Company, liable to retirement by rotation.
4. The vacancy caused on the Board of Directors of the Company due to the retirement of Dr. Naushad Forbes, a Director of the Company who was liable to retire by rotation at this Annual General Meeting and who does not seek re-election, be not filled.
5. Appointment of Prof. Ashok Jhunjhunwala, as a Director of the Company, liable to retirement by rotation.
6. To keep the Register of Members, Index of Members, Register of Debenture holders, Index of Debentureholders and copies of all annual returns prepared under section 159 together with copies of certificates and documents required to be annexed thereto under section 161, at the TSR Darashaw Ltd, Mahalaxmi, Mumbai instead of at the registered office of the Company.
7. Alteration in the Articles of Association of the Company in the manner stated below:
The following Article 60A is inserted after the existing Article 60 of the Articles of Association of the Company.
Wednesday, September 19, 2007
Harleystreet Pharmaceuticals - Outcome Of AGM
Harleystreet Pharmaceuticals Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 11, 2007, inter alia, have accorded the following:
1. Adoption of the audited Profit & Loss Accounts for the year ended on March 31, 2007, the Balance Sheet as on that date, the Directors Report and Auditors Report thereon.
2. Re-appointment of Mr. Kaushik S Chaturvedi & Mr. Prashant P Godha as Directors of the Company.
3. Re-appointment of M/s. Shah & Shah Associates, Chartered Accounts, Ahmedabad, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
1. Adoption of the audited Profit & Loss Accounts for the year ended on March 31, 2007, the Balance Sheet as on that date, the Directors Report and Auditors Report thereon.
2. Re-appointment of Mr. Kaushik S Chaturvedi & Mr. Prashant P Godha as Directors of the Company.
3. Re-appointment of M/s. Shah & Shah Associates, Chartered Accounts, Ahmedabad, as Auditors of the Company to hold the office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
Shree Rani - Outcome Of AGM
Shree Rani Sati Investment & Finance Ltd has informed that the members at the 29th Annual General Meeting (AGM) of the Company held on September 03, 2007, inter alia, have accorded the following:
1. Adoption of the Profit & Loss Account for the year ended March 31, 2007 and the Balance Sheet as at that date and Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Ashwin Didwani as a Director of the Company.
3. Appointment of M/s. M L Sharma & Company, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & Conditions.
1. Adoption of the Profit & Loss Account for the year ended March 31, 2007 and the Balance Sheet as at that date and Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Ashwin Didwani as a Director of the Company.
3. Appointment of M/s. M L Sharma & Company, Chartered Accountants, Mumbai, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & Conditions.
Jeypore Sugar - Outcome Of AGM
Jeypore Sugar Company Ltd has informed that the members at the 71st Annual General Meeting (AGM) of the Company held on September 17, 2007, inter alia, have accorded to the following:
1. Adoption of Profit and Loss Account for the year ended March 31, 2007 and Balance Sheet as at March 31, 2007 and Report of Directors and Auditors Report thereon.
2. 25% Final Dividend as recommended by Board was considered and approved by shareholders.
3. The following Directors who retire by rotation and eligible for reappointment were re-appointed as Directors.
- Sri. R Prabhu
- Dr. S R K Prasad
- Smt. M A Vedavalli
4. M/s. Brahmayya & Co. Chartered Accountants, Vijayawada retiring statutory auditors were reappointed as auditors for the year 2007-2008.
1. Adoption of Profit and Loss Account for the year ended March 31, 2007 and Balance Sheet as at March 31, 2007 and Report of Directors and Auditors Report thereon.
2. 25% Final Dividend as recommended by Board was considered and approved by shareholders.
3. The following Directors who retire by rotation and eligible for reappointment were re-appointed as Directors.
- Sri. R Prabhu
- Dr. S R K Prasad
- Smt. M A Vedavalli
4. M/s. Brahmayya & Co. Chartered Accountants, Vijayawada retiring statutory auditors were reappointed as auditors for the year 2007-2008.
Luminaire Technologies - Outcome Of AGM
Luminaire Technologies Ltd has informed that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 17, 2007 have accorded to the following:
1. Adoption of Audited Balance Sheet as at March 31, 2007, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Mr. Surendrapal Raina as Director of the Company, liable to retire by rotation.
3. Appointment of M/s. CLB & Associates. Chartered Accountants in place of M/s. H S Hathi & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions as may be decided by the Board.
4. Appointment of Mr. Rajesh Nuwal who was appointed as Additional Director, as Director of the Company, liable to retire by rotation.
1. Adoption of Audited Balance Sheet as at March 31, 2007, Profit & Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Mr. Surendrapal Raina as Director of the Company, liable to retire by rotation.
3. Appointment of M/s. CLB & Associates. Chartered Accountants in place of M/s. H S Hathi & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions as may be decided by the Board.
4. Appointment of Mr. Rajesh Nuwal who was appointed as Additional Director, as Director of the Company, liable to retire by rotation.
Rama Phosphates - Outcome Of AGM
Rama Phosphates Ltd has informed that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 18, 2007, inter alia, have transacted the following business:
1. Approval and Adoption of Profit & Loss Account for the year ended March 31, 2007 and the Balance Sheet as on that date together with the Reports of Directors and Auditors.
2. Re-appointment of Mr. C R Malaviya as a Director of the Company.
3. Appointment of M/s. Dayal & Lohia, Chartered Accountants, as the Auditors of the Company.
1. Approval and Adoption of Profit & Loss Account for the year ended March 31, 2007 and the Balance Sheet as on that date together with the Reports of Directors and Auditors.
2. Re-appointment of Mr. C R Malaviya as a Director of the Company.
3. Appointment of M/s. Dayal & Lohia, Chartered Accountants, as the Auditors of the Company.
Tuesday, September 18, 2007
Saboo Sodium - Outcome Of Board Meeting
Saboo Sodium Chloro Ltd has informed that the Board of Directors of the Company at its meeting held on September 17, 2007, has allotted 61,19,900 warrants @ Rs 10/- each at par which are convertible into Equity shares on preferential basis after receiving in Principal approval from the exchange and approval of the members of the Company at the Extra Ordinary General Meeting held on July 30, 2007.
Out of total warrants 21,19,900 warrants has been allotted to the strategic Investors belonging to Non-Promoter Group and 40,00,000 warrants to the persons in the Promoter Group.
Out of total warrants 21,19,900 warrants has been allotted to the strategic Investors belonging to Non-Promoter Group and 40,00,000 warrants to the persons in the Promoter Group.
Crew BOS - Outcome Of AGM
Crew BOS Products Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on September 17, 2007, inter alia, have approved the following business(s) unanimously:
1. Audited Profit & Loss Account for the year ended March 31, 2007 and the Balance Sheet as on that date together with the Directors and Auditors report thereon and other annexures appended thereto.
2. Declaration of Final Dividend @ 7.5 (i.e. Rs 0.75/- per Equity Share on the face value of Rs 10/- each) in addition to the Interim Dividend @ 7.5% (i.e. Rs 0.75/- per Equity Share on the face value of Rs 10/- each), aggregating to total dividend of Rs 1.50 i.e, @ 15% for the financial year 2006-07.
3. Re-appointment of Mr. Naveen Ganzu as Director of the Company, who is liable to retire rotation.
4. Re-appointment of M/s. Anil K Goyal & Associates, Chartered Accountants, as the Statutory Auditors of the Company to hold office from the conclusion of this AGM till the conclusion of the next AGM of the Company at the remuneration to be decided by the Board of Directors.
5. Appointment of Mr. Gautam Nair who was appointed as the Additional Director by the Board of Directors of the Company, as Director of the Company, who is liable to retire by rotation.
1. Audited Profit & Loss Account for the year ended March 31, 2007 and the Balance Sheet as on that date together with the Directors and Auditors report thereon and other annexures appended thereto.
2. Declaration of Final Dividend @ 7.5 (i.e. Rs 0.75/- per Equity Share on the face value of Rs 10/- each) in addition to the Interim Dividend @ 7.5% (i.e. Rs 0.75/- per Equity Share on the face value of Rs 10/- each), aggregating to total dividend of Rs 1.50 i.e, @ 15% for the financial year 2006-07.
3. Re-appointment of Mr. Naveen Ganzu as Director of the Company, who is liable to retire rotation.
4. Re-appointment of M/s. Anil K Goyal & Associates, Chartered Accountants, as the Statutory Auditors of the Company to hold office from the conclusion of this AGM till the conclusion of the next AGM of the Company at the remuneration to be decided by the Board of Directors.
5. Appointment of Mr. Gautam Nair who was appointed as the Additional Director by the Board of Directors of the Company, as Director of the Company, who is liable to retire by rotation.
Indiabulls Financial - Outcome Of AGM
Indiabulls Financial Services Ltd has informed that the shareholders at the 8th Annual General Meeting (AGM) of the Company held on September 17, 2007, inter alia, have unanimously accorded the following:
1. Approval and Adoption of the audited Balance Sheet and Profit & Loss Account for the year ended March 31, 2007 of the Company, along with the Directors and Auditors Reports thereon.
2. Declaration of Final Dividend of Rs 1/ per equity share (50% on the face value of Rs 2 per equity share).
3. Re-appointment of Mr. Gagan Banga & Mr. Karan Singh as Directors of Company, liable to retire by rotation.
4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting of the Company.
5. Appointment of Mr. Prem Prakash Mirdha as a Director of Company, liable to retire by rotation.
1. Approval and Adoption of the audited Balance Sheet and Profit & Loss Account for the year ended March 31, 2007 of the Company, along with the Directors and Auditors Reports thereon.
2. Declaration of Final Dividend of Rs 1/ per equity share (50% on the face value of Rs 2 per equity share).
3. Re-appointment of Mr. Gagan Banga & Mr. Karan Singh as Directors of Company, liable to retire by rotation.
4. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting of the Company.
5. Appointment of Mr. Prem Prakash Mirdha as a Director of Company, liable to retire by rotation.
Consolidated Finvest - Outcome Of Board Meeting
Consolidated Finvest & Holdings Ltd has informed the Board of Directors of the Company
at its meeting held on September 15, 2007, had approved the Scheme of amalgamation of Rishi Trading Company Ltd, a non banking finance Company (Transferor Company) with the Company, as per the draft placed before them, subject to the requisite approvals from Stock Exchange, High Court and shareholders of the Company.
The draft scheme of amalgamation (Scheme) are as follows:
The management of both the Companies is of the view that the operations of both the Companies can be conveniently merged for the following reasons and benefits enumerated in the scheme:
1. The nature of business of both the Companies is of similar nature.
2. Independent operation of the Companies leads to significant overlaps in the business plans and overheads.
3. Amalgamation will channelise synergies and shall lead to optimum utilization of the available resources and will result in economies of scale.
4. The proposed amalgamation will help in improving working capital position of the Company and will help the Company to expand its operations without any additional cost.
Accordingly, the Board of Directors of both the Companies have approved the draft of the Scheme.
As per the proposed Scheme the equity shareholders of the Transferor Company will be allotted 170 Equity Shares of Rs 10/- each, as fully paid up for every 100 Equity shares of Rs 10/- each held by them in the Company.
at its meeting held on September 15, 2007, had approved the Scheme of amalgamation of Rishi Trading Company Ltd, a non banking finance Company (Transferor Company) with the Company, as per the draft placed before them, subject to the requisite approvals from Stock Exchange, High Court and shareholders of the Company.
The draft scheme of amalgamation (Scheme) are as follows:
The management of both the Companies is of the view that the operations of both the Companies can be conveniently merged for the following reasons and benefits enumerated in the scheme:
1. The nature of business of both the Companies is of similar nature.
2. Independent operation of the Companies leads to significant overlaps in the business plans and overheads.
3. Amalgamation will channelise synergies and shall lead to optimum utilization of the available resources and will result in economies of scale.
4. The proposed amalgamation will help in improving working capital position of the Company and will help the Company to expand its operations without any additional cost.
Accordingly, the Board of Directors of both the Companies have approved the draft of the Scheme.
As per the proposed Scheme the equity shareholders of the Transferor Company will be allotted 170 Equity Shares of Rs 10/- each, as fully paid up for every 100 Equity shares of Rs 10/- each held by them in the Company.
Sukhjit Starch - Outcome Of AGM
Sukhjit Starch & Chemicals Ltd has informed that the members at the 63rd Annual General Meeting (AGM) of the Company held on September 12, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet, Profit & Loss Account for the year ended March 31, 2007 and the Directors & Auditors Report thereon.
2. Declaration of Dividend on Equity shares for the year ended March 31, 2007 @ 40%.
3. Re-appointment of Shri. A K Sardana & Shri. Naresh Sardana who retires by rotation and being eligible offered themselves as ordinary Directors (Non-Executive Directors).
4. Re-appointment of M/s. Y K Sud & Co., Chartered Accounts, Jalandhar City as Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Increase / revise the salary of Shri. Bhavdeep Sardana, Vice President (Operations), for the time being of Nizamabad Unit of the Company, on terms & conditions.
6. Increase / revise the salary of Shri. Dhiraj Sardana, Vice President (Operations), for the time being of Malad Unit of the Company, on terms & conditions.
7. Granted to continue the payment of Commission to the Non Executive / independent Directors of the Company on the net profit of the Company computed under section 349/350 of the Companies Act, 1956, on terms & conditions.
1. Adoption of the Audited Balance Sheet, Profit & Loss Account for the year ended March 31, 2007 and the Directors & Auditors Report thereon.
2. Declaration of Dividend on Equity shares for the year ended March 31, 2007 @ 40%.
3. Re-appointment of Shri. A K Sardana & Shri. Naresh Sardana who retires by rotation and being eligible offered themselves as ordinary Directors (Non-Executive Directors).
4. Re-appointment of M/s. Y K Sud & Co., Chartered Accounts, Jalandhar City as Auditors of the Company from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Increase / revise the salary of Shri. Bhavdeep Sardana, Vice President (Operations), for the time being of Nizamabad Unit of the Company, on terms & conditions.
6. Increase / revise the salary of Shri. Dhiraj Sardana, Vice President (Operations), for the time being of Malad Unit of the Company, on terms & conditions.
7. Granted to continue the payment of Commission to the Non Executive / independent Directors of the Company on the net profit of the Company computed under section 349/350 of the Companies Act, 1956, on terms & conditions.
Monday, September 17, 2007
Vipul Dye - Outcome Of Board Meeting
Vipul Dye Chem Ltd has informed that the Board of Directors of the Company at its meeting held on September 14, 2007, has issued & allotted 20,00,000 warrants convertible into even number of equity shares of Rs 10/- each of the Company on preferential basis.
Orissa Sponge - Outcome Of Board Meeting
Orissa Sponge Iron & Steel Ltd has informed that the Board of Directors of the Company at its meeting held on September 14, 2007, has proposed the following:
1. To allot 15,00,000 numbers of equity shares on preferential basis to Prakausali Investments (India) P Ltd. subject to approval of members of the Company at the price accordance with SEBI guidelines.
2. To allot 15,00,000 numbers of equity shares warrants on preferential basis to Prakausali Investments (India) P Ltd. subject to approval of members & others law & regulation at the price accordance with SEBI guidelines.
3. To allot 30,00000 numbers of equity shares warrants on preferential basis to TRFI Investments Pvt Ltd subject to approval of members and others law & regulation at the price accordance with SEBI guide lines.
1. To allot 15,00,000 numbers of equity shares on preferential basis to Prakausali Investments (India) P Ltd. subject to approval of members of the Company at the price accordance with SEBI guidelines.
2. To allot 15,00,000 numbers of equity shares warrants on preferential basis to Prakausali Investments (India) P Ltd. subject to approval of members & others law & regulation at the price accordance with SEBI guidelines.
3. To allot 30,00000 numbers of equity shares warrants on preferential basis to TRFI Investments Pvt Ltd subject to approval of members and others law & regulation at the price accordance with SEBI guide lines.
MRPL - Outcome Of AGM
Mangalore Refinery & Petrochemicals Ltd (MRPL) has informed that the shareholders at the 19th Annual General Meeting (AGM) of the Company held on September 14, 2007, inter alia, have approved all the items contained in the Notice of the meeting including the payment of dividend at the rate of 8% on the equity share capital (Re 0.80 per equity share) and 0.01% on the preference share capital.
Anant Raj Industries - Outcome Of Board Meeting
Anant Raj Industries Ltd has informed that the Board of Directors of the Company at its meeting held on September 14, 2007, has transacted the following:
A. Resolved the followings:
i. Allotted 55,06,744 equity shares pursuant to the merger of Grand Meadows Ltd, Papillon Estates Ltd, Roseview Estates Pvt Ltd and Bhasin Resorts Pvt Ltd.
ii. The board has authorized Mr. Amit Sarin, Executive Director (Commercial) to fixed the record date in consultation with Stock Exchanges.
B. Declared the result of Postal Ballot through which the shareholders of the Company has passed the following resolutions:
I. Increase in the Authorized Share Capital of the Company from Rs 50.00 Crores to Rs 75.00 Crores.
II. Re-appointment of Mr. Anil Sarin, as Managing Director of the Company for a period of 5 years effective from December 31, 2007.
III. Payment of remuneration to Mr. Ashim Sarin, Executive Director Construction.
IV. Payment of remuneration Mr. Amar Sarin, Executive Director Business Development.
V. To invest an amount of Rs 34,00,000 by way of purchase of entire paid up capital of the following thirty Companies namely:
1. Fabulous Builders Pvt Ltd
2. Equinox Properties Pvt Ltd
3. Kalinga Buildtech Pvt Ltd
4. Elevator Buildtech Pvt Ltd
5. Blossom Buildtech Pvt Ltd
6. Elevator Builders Pvt Ltd
7. Novel Housing Pvt Ltd
8. Vibrant Buildmart Pvt Ltd
9. Novel Buildcon Pvt Ltd
10. Sovereign Buildwell Pvt Ltd
11. Gadget Builders Pvt Ltd
A. Resolved the followings:
i. Allotted 55,06,744 equity shares pursuant to the merger of Grand Meadows Ltd, Papillon Estates Ltd, Roseview Estates Pvt Ltd and Bhasin Resorts Pvt Ltd.
ii. The board has authorized Mr. Amit Sarin, Executive Director (Commercial) to fixed the record date in consultation with Stock Exchanges.
B. Declared the result of Postal Ballot through which the shareholders of the Company has passed the following resolutions:
I. Increase in the Authorized Share Capital of the Company from Rs 50.00 Crores to Rs 75.00 Crores.
II. Re-appointment of Mr. Anil Sarin, as Managing Director of the Company for a period of 5 years effective from December 31, 2007.
III. Payment of remuneration to Mr. Ashim Sarin, Executive Director Construction.
IV. Payment of remuneration Mr. Amar Sarin, Executive Director Business Development.
V. To invest an amount of Rs 34,00,000 by way of purchase of entire paid up capital of the following thirty Companies namely:
1. Fabulous Builders Pvt Ltd
2. Equinox Properties Pvt Ltd
3. Kalinga Buildtech Pvt Ltd
4. Elevator Buildtech Pvt Ltd
5. Blossom Buildtech Pvt Ltd
6. Elevator Builders Pvt Ltd
7. Novel Housing Pvt Ltd
8. Vibrant Buildmart Pvt Ltd
9. Novel Buildcon Pvt Ltd
10. Sovereign Buildwell Pvt Ltd
11. Gadget Builders Pvt Ltd
Jai Corp - Outcome Of AGM
Jai Corp Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 14, 2007, inter alia, have passed to the following:
1. Pursuant to the provisions of Sections 16, 94 and all other applicable provisions, if any, of the Companies Act, 1956 (including any stature modification or re-enactment thereof for the time being in force), the consent of the Company be and is hereby accorded that each equity share of the face value of Rs 10/- each of the Company be and is hereby sub-divided into 10 equity shares of the face value of Re 1/- each and that the sub-divided authorised share capital of the Company be and is hereby increased & re-classified from Rs 25,00,00,000/- dividend into 2,00,00,000 equity shares of Rs 10/- each 1% 15,000 Non-Cumulative Non-Participating Redeemable Preference Share of Rs 100/- each and 4,85,000 unclassified shares of Rs 100/- each to Rs 50,00,00,000 divided into 45,00,00,000 equity shares of Re 1/- each and 1% 15,000 Non-Cumulative Non-Participating Redeemable Preference Shares of Rs 100/- each and 4,85,000 unclassified shares of Rs 100/- each with power to the Board to decide on the extent of variation in such rights & consequential amendment in the Memorandum of Association of the Company.
1. Pursuant to the provisions of Sections 16, 94 and all other applicable provisions, if any, of the Companies Act, 1956 (including any stature modification or re-enactment thereof for the time being in force), the consent of the Company be and is hereby accorded that each equity share of the face value of Rs 10/- each of the Company be and is hereby sub-divided into 10 equity shares of the face value of Re 1/- each and that the sub-divided authorised share capital of the Company be and is hereby increased & re-classified from Rs 25,00,00,000/- dividend into 2,00,00,000 equity shares of Rs 10/- each 1% 15,000 Non-Cumulative Non-Participating Redeemable Preference Share of Rs 100/- each and 4,85,000 unclassified shares of Rs 100/- each to Rs 50,00,00,000 divided into 45,00,00,000 equity shares of Re 1/- each and 1% 15,000 Non-Cumulative Non-Participating Redeemable Preference Shares of Rs 100/- each and 4,85,000 unclassified shares of Rs 100/- each with power to the Board to decide on the extent of variation in such rights & consequential amendment in the Memorandum of Association of the Company.
Friday, September 14, 2007
Camlin - Outcome Of EGM
Camlin Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 13, 2007, inter alia, have approved the following resolutions unanimously:
1. Issuance of 900000 Equity Shares on preferential basis of Rs 10.00 each at a price of Rs 175.00 per share, for cash (inclusive of Share premium of Rs 165.00 per share) to the following Foreign Institutional Investors:
A.
- Name of the Allottee - Notz Stucki Et Cie SA A/c Aruna Fund
- Category - Foreign Institutional Investor
- No of Equity Shares to be Allotted - 300000
B.
- Name of the Allottee - Comgest Growth PLC
- Category - Foreign Institutional Investor
- No of Equity Shares to be Allotted - 600000
2. Issuance of 300000 Equity Warrants on preferential basis at a price not being less than Rs 175.00 per warrant, which can be converted into Equity Share within a period not exceeding 12 months from the date of Allotment of Equity Warrants to the following Foreign Institution Investors.
- Name of the Allottee - Notz Stucki Et Cie SA A/c Aruna Fund
- Category - Foreign Institutional Investor
- No of Equity Warrants Allotted - 3,00,000
The aggregate Amount to be raised through the said preferential Issue under item 1 and 2 above will be 2100.00 Lacs.
3. Increase in the Authorised Share Capital of the Company from Rs 5,00,00,000 to Rs 10,00,00,000 and amendment to the Capital clause of Memorandum & Articles of Association.
4. Increasing the FII Investment limits upto 30% of the paid up Equity Capital of the Company.
1. Issuance of 900000 Equity Shares on preferential basis of Rs 10.00 each at a price of Rs 175.00 per share, for cash (inclusive of Share premium of Rs 165.00 per share) to the following Foreign Institutional Investors:
A.
- Name of the Allottee - Notz Stucki Et Cie SA A/c Aruna Fund
- Category - Foreign Institutional Investor
- No of Equity Shares to be Allotted - 300000
B.
- Name of the Allottee - Comgest Growth PLC
- Category - Foreign Institutional Investor
- No of Equity Shares to be Allotted - 600000
2. Issuance of 300000 Equity Warrants on preferential basis at a price not being less than Rs 175.00 per warrant, which can be converted into Equity Share within a period not exceeding 12 months from the date of Allotment of Equity Warrants to the following Foreign Institution Investors.
- Name of the Allottee - Notz Stucki Et Cie SA A/c Aruna Fund
- Category - Foreign Institutional Investor
- No of Equity Warrants Allotted - 3,00,000
The aggregate Amount to be raised through the said preferential Issue under item 1 and 2 above will be 2100.00 Lacs.
3. Increase in the Authorised Share Capital of the Company from Rs 5,00,00,000 to Rs 10,00,00,000 and amendment to the Capital clause of Memorandum & Articles of Association.
4. Increasing the FII Investment limits upto 30% of the paid up Equity Capital of the Company.
Orchid Chemicals - Outcome Of AGM
Orchid Chemicals & Pharmaceuticals Ltd has informed that the members at the 15th Annual General Meeting (AGM) of the Company held on July 19, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Accounts of the Company for the financial year ended March 31, 2007, the Balance Sheet as at that date and the Reports of the Directors and Auditors for the financial year ended March 31, 2007.
2. Declaration of payment of dividend of 30% i.e. Rs 3 per share, on equity shares of Rs 10/- each.
3. Re-appointment of Dr. Anzaghi Piergiorgio & Dr. M R Girinath, as Directors of the Company.
4. Re-appointment of M/s. SNB Associates, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Shri. Anil Thadani as a Director of the Company, liable to retire by rotation.
6. Re-appointment of Shri. K Raghavendra Rao as Managing Director of the Company to hold office for a period of 5 years with effect from July 01, 2007, on remuneration, terms & conditions.
7. Revision in remuneration of Dr. C Bhaktavatsala Rao, Deputy Managing Director, with effect from April 01, 2007.
8. Alteration in the Articles of Association of the Company by inserting the following new Article No. 75A after the existing Article No. 75.
1. Adoption of the Audited Accounts of the Company for the financial year ended March 31, 2007, the Balance Sheet as at that date and the Reports of the Directors and Auditors for the financial year ended March 31, 2007.
2. Declaration of payment of dividend of 30% i.e. Rs 3 per share, on equity shares of Rs 10/- each.
3. Re-appointment of Dr. Anzaghi Piergiorgio & Dr. M R Girinath, as Directors of the Company.
4. Re-appointment of M/s. SNB Associates, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Shri. Anil Thadani as a Director of the Company, liable to retire by rotation.
6. Re-appointment of Shri. K Raghavendra Rao as Managing Director of the Company to hold office for a period of 5 years with effect from July 01, 2007, on remuneration, terms & conditions.
7. Revision in remuneration of Dr. C Bhaktavatsala Rao, Deputy Managing Director, with effect from April 01, 2007.
8. Alteration in the Articles of Association of the Company by inserting the following new Article No. 75A after the existing Article No. 75.
Mercator Lines - Outcome Of Board Meeting
Mercator Lines Ltd has informed that the Board of Directors of the Company at its meeting held on September 13, 2007, inter alia, has approved the following:
1. Issue of up to 2,85,00,000 warrants carrying entitlement / option to apply for equal number of equity shares on preferential basis to Mrs. Archana H Mittal, Promoter of the Company; in accordance with SEBI Guidelines for preferential issue.
2. Convening of Extra-Ordinary General Meeting of the Members of the Company on October 11, 2007, to seek approval of the members for the above matter.
1. Issue of up to 2,85,00,000 warrants carrying entitlement / option to apply for equal number of equity shares on preferential basis to Mrs. Archana H Mittal, Promoter of the Company; in accordance with SEBI Guidelines for preferential issue.
2. Convening of Extra-Ordinary General Meeting of the Members of the Company on October 11, 2007, to seek approval of the members for the above matter.
Savita Chemicals - Outcome Of AGM
Savita Chemicals Ltd has informed that the members at the 46th Annual General Meeting (AGM) of the Company held on September 12, 2007, inter alia, have accorded to the following:
1. Annual Accounts of the Company for the year 2006-07.
2. Final Dividend @ 25% on the Equity paid-up capital.
3. Re-appointment of Mrs. Swaran N Mehra as the Director of the Company.
4. Re-appointment of Mr. C V Alexander as the whole-time Director of the Company.
5. Appointment of M/s. G M Kapadia & Co., Chartered Accountants as the Statutory Auditors of the Company.
1. Annual Accounts of the Company for the year 2006-07.
2. Final Dividend @ 25% on the Equity paid-up capital.
3. Re-appointment of Mrs. Swaran N Mehra as the Director of the Company.
4. Re-appointment of Mr. C V Alexander as the whole-time Director of the Company.
5. Appointment of M/s. G M Kapadia & Co., Chartered Accountants as the Statutory Auditors of the Company.
Manugraph India - Outcome Of AGM
Manugraph India Ltd has informed that the members at the 35th Annual General Meeting (AGM) of the Company held on September 11, 2007, inter alia, have approved the following:
1. Balance Sheet as at March 31, 2007 and Profit and Loss account for the year ended March 31, 2007 together with reports of the Directors and the Auditors thereon.
2. Payment of final dividend @ Re 1.00 per equity share of Rs 2/- each.
3. Re-appointment of Mr. S M Shah & Mr. J C Vakil, as Directors.
4. Re-appointment of M/s. B F Pavri & Co., Chartered Accountants, as Auditors of the Company.
5. Re-appointment and payment of remuneration of Mr. S S Shah, Vice Chairman & Managing Director for a period of 3 years with effect from April 01, 2007.
6. Re-appointment and payment of remuneration of Mr. P S Shah, Managing Director for a period of 3 years with effect from April 01, 2007.
1. Balance Sheet as at March 31, 2007 and Profit and Loss account for the year ended March 31, 2007 together with reports of the Directors and the Auditors thereon.
2. Payment of final dividend @ Re 1.00 per equity share of Rs 2/- each.
3. Re-appointment of Mr. S M Shah & Mr. J C Vakil, as Directors.
4. Re-appointment of M/s. B F Pavri & Co., Chartered Accountants, as Auditors of the Company.
5. Re-appointment and payment of remuneration of Mr. S S Shah, Vice Chairman & Managing Director for a period of 3 years with effect from April 01, 2007.
6. Re-appointment and payment of remuneration of Mr. P S Shah, Managing Director for a period of 3 years with effect from April 01, 2007.
Thursday, September 13, 2007
Bindu Synthetics - Outcome Of AGM
Bindu Synthetics Ltd has informed that the members at the 19th Annual General Meeting (AGM) of the Company held on September 11, 2007, inter alia, have considered and approved the following items of business:
1. Approval of Audited Annual Accounts for the year ended March 31, 2007 and the Report of Auditors and Directors thereon.
2. Re-appointment of Mr. Chirag Doshi as Director of the Company.
3. Re-appointment of M/s. P M Turakhia & Company as Auditors of the Company.
4. Change of name of Company from Bindu Synthetics Ltd to Integral Knit Co Ltd.
1. Approval of Audited Annual Accounts for the year ended March 31, 2007 and the Report of Auditors and Directors thereon.
2. Re-appointment of Mr. Chirag Doshi as Director of the Company.
3. Re-appointment of M/s. P M Turakhia & Company as Auditors of the Company.
4. Change of name of Company from Bindu Synthetics Ltd to Integral Knit Co Ltd.
Gujarat Craft - Outcome Of AGM
Gujarat Craft Industries Ltd has informed that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 06, 2007, inter alia, have accorded the following:
1. Adoption of the Directors Report including Report on Corporate Governance, the Audited Profit and Loss Account and the Balance Sheet as on that date along with the Auditors Report of the Company for the year ended on March 31, 2007.
2. Re-appointment of Shri. Binod Chhajer as a Director of the Company, liable to retire by rotation.
3. Appointment of M/s. Kantilal Patel & Co., Chartered Accountants, Ahmedabad as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Authority to the Board to mortgage or charge by the Board of Directors of the Company of all the immovable and movable properties of the Company wheresoever situated, present and future, and / or conferring power to enter upon and to take possession of assets of the Company in certain events, to or in favour of State Bank of India (the Bank) to secure Financial Assistance of Rs 750 lacs lent and advanced / agreed to be lent / advanced to the Company by the Bank together with interest thereon at the agreed rate, compound interest, additional interest, liquidated damages, costs, charges, expenses and other monies payable by the Company to the Bank under the Agreements entered into / to be entered into by the Company in respect of the said Financial Assistance, subject to necessary provisions & approvals.
1. Adoption of the Directors Report including Report on Corporate Governance, the Audited Profit and Loss Account and the Balance Sheet as on that date along with the Auditors Report of the Company for the year ended on March 31, 2007.
2. Re-appointment of Shri. Binod Chhajer as a Director of the Company, liable to retire by rotation.
3. Appointment of M/s. Kantilal Patel & Co., Chartered Accountants, Ahmedabad as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Authority to the Board to mortgage or charge by the Board of Directors of the Company of all the immovable and movable properties of the Company wheresoever situated, present and future, and / or conferring power to enter upon and to take possession of assets of the Company in certain events, to or in favour of State Bank of India (the Bank) to secure Financial Assistance of Rs 750 lacs lent and advanced / agreed to be lent / advanced to the Company by the Bank together with interest thereon at the agreed rate, compound interest, additional interest, liquidated damages, costs, charges, expenses and other monies payable by the Company to the Bank under the Agreements entered into / to be entered into by the Company in respect of the said Financial Assistance, subject to necessary provisions & approvals.
Batliboi - Outcome Of EGM
Batliboi Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 12, 2007, inter alia, have accorded sub-division of the existing Equity Shares of the face value of Rs 10/- each in the Authorised Equity Share Capital of the Company into 2 Equity Shares of the face value of Rs 5/- each and consequently, the Auhtorised Equity Share Capital of the Company of Rs 13,51,00,000/- be divided into 2,70,20,000 Equity Shares of the face value of Rs 5/- each, with effect from the Record Date to be determined by the Board of Directors of the Company (the Board), which term shall be deemed to include any Committee thereof, for the purpose & consequential amendments in the Memorandum & Articles of Association of the Company.
ABG Shipyard - Outcome Of Board Meeting
ABG Shipyard Ltd has informed that the Board of Directors of the Company at its meeting held on September 12, 2007, has considered and approved the Companys involvement in the proposal for revival and rehabilitation of Western India Shipyard Ltd (WISL) in terms of a scheme of compromise and arrangement between WISL and its secured lenders, with the Company as a confirming party, under Sections 391394 of the Companies Act 1956 (the Scheme). The Scheme provides certain options for the restructuring /one time settlement of the debt of the secured lenders of WISL with the involvement of the Company, along with other matters connected with the compromise and arrangement, including reorganization of share capital of WISL.
All the above are subject to requisite approvals including those of Stock Exchanges under the Listing Agreement, shareholders of WISL creditors of WISL, any regulatory authorities and sanction of the scheme of compromise and arrangement in terms thereof by the High Court of Bombay at Panaji, Goa.
All the above are subject to requisite approvals including those of Stock Exchanges under the Listing Agreement, shareholders of WISL creditors of WISL, any regulatory authorities and sanction of the scheme of compromise and arrangement in terms thereof by the High Court of Bombay at Panaji, Goa.
Rubber Products - Outcome Of AGM
Rubber Products Ltd has informed that the members at the 41st Annual General Meeting (AGM) of the Company held on September 12, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet and the Profit and Loss Accounts as at and for the year ended March 31, 2007 and the Reports of Directors and Auditors thereon.
2. Re-appointment of Mr. F S Broacha and Mr. Ashok Shetty as Directors of the Company.
3. Re-appointment of M/s. J R Jain & Company, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company.
4. Appointment of Mr. Sameer S Shetty, Mrs. Sucharita R Hegde, Mrs. Smita H Shetty and Mr. Vittala Sooru Hegde as Directors of the Company.
5. Appointment of Mr. Vittala Sooru Hegde as the Managing Director of the Company for period of three years w.e.f. August 01, 2007.
1. Adoption of the Audited Balance Sheet and the Profit and Loss Accounts as at and for the year ended March 31, 2007 and the Reports of Directors and Auditors thereon.
2. Re-appointment of Mr. F S Broacha and Mr. Ashok Shetty as Directors of the Company.
3. Re-appointment of M/s. J R Jain & Company, Chartered Accountants as Auditors of the Company to hold office from the conclusion of this meeting till the conclusion of the next Annual General Meeting of the Company.
4. Appointment of Mr. Sameer S Shetty, Mrs. Sucharita R Hegde, Mrs. Smita H Shetty and Mr. Vittala Sooru Hegde as Directors of the Company.
5. Appointment of Mr. Vittala Sooru Hegde as the Managing Director of the Company for period of three years w.e.f. August 01, 2007.
Wednesday, September 12, 2007
Maharashtra Elektrosmelt - Outcome Of AGM
Maharashtra Elektrosmelt Ltd has informed that that the members at the 34th Annual General Meeting (AGM) of the Company held on August 24, 2007, inter alia, have accorded to the following:
1. Adoption of the Directors and Auditors Report and the audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended March 31, 2007 and the Cash flow Statement for the period ended March 31, 2007 and the Balance Sheet abstract and Companys General Business Profile & C&AGs comments on the Audited Accounts.
2. Declaration of dividend at the rate of Rs 2/- per share.
3. Re-appointment of Shri. A K Nigote as a Director of the Company.
4. Authorised to fix the remuneration of the Auditors of the Company to be appointed by the Comptroller and Auditor General of India for the year 2007-2008.
1. Adoption of the Directors and Auditors Report and the audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the year ended March 31, 2007 and the Cash flow Statement for the period ended March 31, 2007 and the Balance Sheet abstract and Companys General Business Profile & C&AGs comments on the Audited Accounts.
2. Declaration of dividend at the rate of Rs 2/- per share.
3. Re-appointment of Shri. A K Nigote as a Director of the Company.
4. Authorised to fix the remuneration of the Auditors of the Company to be appointed by the Comptroller and Auditor General of India for the year 2007-2008.
Hester Pharmaceuticals - Outcome Of AGM
Hester Pharmaceuticals Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on September 11, 2007, inter alia, have accorded the following businesses:
1. Adoption of Financial Accounts for the Financial Year 2006-2007.
2. Approval of the payment of dividend of Rs 2.00 on each equity share of Rs 10.00.
3. Approval of the increase in the Borrowing Powers of the Company to the extent of Rs 100 Crores.
4. Approval of the alteration in certain Articles of Association of the Company.
1. Adoption of Financial Accounts for the Financial Year 2006-2007.
2. Approval of the payment of dividend of Rs 2.00 on each equity share of Rs 10.00.
3. Approval of the increase in the Borrowing Powers of the Company to the extent of Rs 100 Crores.
4. Approval of the alteration in certain Articles of Association of the Company.
Almondz Global - Outcome Of EGM
Almondz Global Securities Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 06, 2007, have authorised the Board to create, offer, issue and allot 1537500 Equity Shares of the Company having a face value of Rs 6/- each at a price of Rs 80/- per Equity Share including premium of Rs 74/- on a preferential basis and Promoters / Promoter Group(s) / including Persons Acting in Concert with them (PAC) and Other Investors or select group of persons, and to create, offer, issue and allot upto 1000000 warrants at a price of Rs 80/- per warrant, on a preferential basis to Promoters / Promoter Group(s) / including Persons Acting in Concert with them (PAC), and as detailed in the explanatory statement forming part of this Notice with a right to subscribe, to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs 6/- each fully paid up at a price of Rs 80/- including premium of Rs 74/-, which price is calculated in accordance with the Guidelines for Preferential Issue issued by SEBI so that the total number of equity shares to be issued by the Company upon conversion of the warrants does not exceed 1000000 Equity Shares, on such terms and conditions as may, be decided and deemed appropriate by the Board of Directors of the Company (the Board which shall be deemed to include any duly authorized committee thereof) at the time of issue or allotment, subject to the overall guidelines governing such issue.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
1. 1350000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 187500 Equity Shares being allotted to Other Investors shall be locked in for a period of 1 year.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
1. 1350000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 187500 Equity Shares being allotted to Other Investors shall be locked in for a period of 1 year.
House of Pearl - Outcome Of AGM
House of Pearl Fashions Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on August 27, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Annual Accounts of the Company for the Accounting Year ended March 31, 2007 and the Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Pallak Seth & Mr. Sanjay Pershad, as Directors of the Company.
3. Re-appointment of M/s. S R Dinodia & Co., Chartered Accountants, New Delhi, as Auditor of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company, on remuneration terms & conditions.
4. Appointment of Mr. Rajendra Kumar Aneja, Mr. Chittranjan Dua & Mr. Tom Tar Singh, as Directors of the Company, liable to retire by rotation.
5. Authority to the Board to loan of Rs 27.50 Crores made to Pearl Global Ltd, subsidiary Company of the Company, for a period of one year at an interest rate of 10.50% p.a., (interest payable on quarterly basis) to enable Pearl Global Ltd., to repay its high interest bearing working capital loan availed from Centurion Bank of Punjab Ltd, Yes Bank and Chinatrust Commercial Bank, subject to necessary provisions & approvals.
6. Alteration in the sub-article 2 of the Article 88 of the Articles of Association of the Company by substituting the following sub-article-2:
1. Adoption of the Audited Annual Accounts of the Company for the Accounting Year ended March 31, 2007 and the Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Pallak Seth & Mr. Sanjay Pershad, as Directors of the Company.
3. Re-appointment of M/s. S R Dinodia & Co., Chartered Accountants, New Delhi, as Auditor of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company, on remuneration terms & conditions.
4. Appointment of Mr. Rajendra Kumar Aneja, Mr. Chittranjan Dua & Mr. Tom Tar Singh, as Directors of the Company, liable to retire by rotation.
5. Authority to the Board to loan of Rs 27.50 Crores made to Pearl Global Ltd, subsidiary Company of the Company, for a period of one year at an interest rate of 10.50% p.a., (interest payable on quarterly basis) to enable Pearl Global Ltd., to repay its high interest bearing working capital loan availed from Centurion Bank of Punjab Ltd, Yes Bank and Chinatrust Commercial Bank, subject to necessary provisions & approvals.
6. Alteration in the sub-article 2 of the Article 88 of the Articles of Association of the Company by substituting the following sub-article-2:
Geometric Software - EGM On Oct 08, 2007
Geometric Software Solutions Company Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 08, 2007, to transact the following business:
1. Pursuant to the provisions of section 21 and all other applicable provisions of the Companies Act 1956, pursuant to the provisions of all other applicable Statutes and Laws and subject to the approval of the Central Government and all other statutory approvals as may be required in the context, the name of the Company be changed from Geometric Software Solutions Company Ltd to Geometric Ltd and the name Geometric Software Solutions Company Ltd, wherever it appears in the Memorandum of Association be substituted by the new name Geometric Ltd in due course, subject to necessary provisions & approvals.
2. Pursuant to the provisions of section 31 and all other applicable provisions of the Companies Act 1956, pursuant to the provisions of all other applicable Statutes and Laws and subject to the approval of the Central Government, the members of the Company and all other statutory approvals as may be required in the context, the extant name of the Company viz Geometric Software Solutions Company Ltd, wherever it appears in the Articles of Association of the Company be substituted by the new name Geometric Ltd in due course, subject to necessary provisions & approvals.
1. Pursuant to the provisions of section 21 and all other applicable provisions of the Companies Act 1956, pursuant to the provisions of all other applicable Statutes and Laws and subject to the approval of the Central Government and all other statutory approvals as may be required in the context, the name of the Company be changed from Geometric Software Solutions Company Ltd to Geometric Ltd and the name Geometric Software Solutions Company Ltd, wherever it appears in the Memorandum of Association be substituted by the new name Geometric Ltd in due course, subject to necessary provisions & approvals.
2. Pursuant to the provisions of section 31 and all other applicable provisions of the Companies Act 1956, pursuant to the provisions of all other applicable Statutes and Laws and subject to the approval of the Central Government, the members of the Company and all other statutory approvals as may be required in the context, the extant name of the Company viz Geometric Software Solutions Company Ltd, wherever it appears in the Articles of Association of the Company be substituted by the new name Geometric Ltd in due course, subject to necessary provisions & approvals.
Tuesday, September 11, 2007
India Securities - Outcome Of AGM
India Securities Ltd has informed that the members at the 23rd Annual General Meeting (AGM) of the Company held on August 23, 2007, inter alia, have accorded to the following:
1. Adoption of the Directors report, the audited Profit and Loss account for the year ended on March 31, 2007 and Balance Sheet as on that date and the Auditors report thereon to the members of the Company.
2. Re-appointment of Shri. S N Ruia & Mr. S V Venkatesan as Directors of the Company, liable retire by rotation.
3. Appointment of M/s. Nisar & Kumar, Chartered Accountants, Mumbai, as the Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Re-appointment of Shri. S M Lodha, as Executive Director of the Company with effect from July 27, 2006 for the period of 5 years, on remuneration, terms and conditions.
1. Adoption of the Directors report, the audited Profit and Loss account for the year ended on March 31, 2007 and Balance Sheet as on that date and the Auditors report thereon to the members of the Company.
2. Re-appointment of Shri. S N Ruia & Mr. S V Venkatesan as Directors of the Company, liable retire by rotation.
3. Appointment of M/s. Nisar & Kumar, Chartered Accountants, Mumbai, as the Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Re-appointment of Shri. S M Lodha, as Executive Director of the Company with effect from July 27, 2006 for the period of 5 years, on remuneration, terms and conditions.
Norben Tea - Outcome Of AGM
Norben Tea & Exports Ltd has informed that the members at the 17th Annual General Meeting (AGM) of the Company held on August 17, 2007, inter alia, have accorded to the following:
1. Adoption of the Directors Report alongwith Auditors Report and the Auditors Accounts of the Company for the year ended on March 31, 2007.
2. Re-appointment of Mr. Somnath Sen as a Director of the Company.
3. Re-appointment of M/s. Goenka Shaw & Company, Chartered Accountants, as Auditors of the Company who will hold office till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Appointment of Mr. Gautam Sen as a Director of the Company, liable to retire by rotation.
1. Adoption of the Directors Report alongwith Auditors Report and the Auditors Accounts of the Company for the year ended on March 31, 2007.
2. Re-appointment of Mr. Somnath Sen as a Director of the Company.
3. Re-appointment of M/s. Goenka Shaw & Company, Chartered Accountants, as Auditors of the Company who will hold office till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Appointment of Mr. Gautam Sen as a Director of the Company, liable to retire by rotation.
IFB Industries - Outcome Of AGM
IFB Industries Ltd has informed that the members at the 31st Annual General Meeting (AGM) of the Company held on September 05, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and Profit & Loss Account for the year ended as on that date together with the Directors and Auditors Report thereon.
2. Re-appointment of Dr. Rathindra Nath Mitra & Mr. Somen Bal, liable retire by rotation.
3. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Auditors of the Company from the conclusion of this Annual General Meeting upto the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Appointment and payment of remuneration of Mr. Bijon Nag, a permanent Director of the Company as the Executive Chairman for a period of 5 years with effect from June 01, 2007, on terms and conditions.
5. Delisting of securities, the equity shares (Equity) of the Company listed with Calcutta Stock Exchanges through the Voluntary Delisting Option and that the Companys Equity Shares be continued to be listed with Mumbai and National Stock Exchanges, pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (GUIDELINES).
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and Profit & Loss Account for the year ended as on that date together with the Directors and Auditors Report thereon.
2. Re-appointment of Dr. Rathindra Nath Mitra & Mr. Somen Bal, liable retire by rotation.
3. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Auditors of the Company from the conclusion of this Annual General Meeting upto the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Appointment and payment of remuneration of Mr. Bijon Nag, a permanent Director of the Company as the Executive Chairman for a period of 5 years with effect from June 01, 2007, on terms and conditions.
5. Delisting of securities, the equity shares (Equity) of the Company listed with Calcutta Stock Exchanges through the Voluntary Delisting Option and that the Companys Equity Shares be continued to be listed with Mumbai and National Stock Exchanges, pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (GUIDELINES).
Vardhman Holdings - Outcome Of AGM
Vardhman Holdings Ltd has informed that the members at the 43rd Annual General Meeting (AGM) of the Company held on August 18, 2007, inter alia, have accorded to the following:
1. Adoption of the Directors Report and the Audited Balance Sheet of the Company as at March 31, 2007 alongwith Profit & Loss Account for the year ended on that date and other Schedules annexed thereto and Auditors Report thereon.
2. Re-appointment of Mr. Surinder Singh Bagai & Mr. Sachit Jain, as Directors of the Company.
3. Re-appointment of M/s. S C Vasudeva & Co., as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
1. Adoption of the Directors Report and the Audited Balance Sheet of the Company as at March 31, 2007 alongwith Profit & Loss Account for the year ended on that date and other Schedules annexed thereto and Auditors Report thereon.
2. Re-appointment of Mr. Surinder Singh Bagai & Mr. Sachit Jain, as Directors of the Company.
3. Re-appointment of M/s. S C Vasudeva & Co., as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
Idea Cellular - Outcome Of Board Meeting
Idea Cellular Ltd has informed that the Board of Directors of the Company at its meeting held on September 10, 2007, has decided / granted approval as follows:
1. The Board at its meeting held on October 19, 2006 had approved the parameters for launch of Employees Stock Option Scheme, 2006 (ESOS 2006) post the Initial Public Offering (IPO) subject to necessary approvals.
At the meeting held on September 10, 2007 the Board has resolved to price the grant of ESOPs at 7 days average closing price immediately preceding the date of grant on the stock exchange where the shares of the Company are highest traded to be discounted upto 30% as may be decided by the ESOP Compensation Committee.
The above is subject to approval of shareholders through postal ballot and further administration by ESOP Compensation Committee. The other parameters decided the Board Meeting held on October 19, 2006 remain unchanged.
2. Decided to de-merge passive (Tower) Infrastructure of the Company into a wholly subsidiary under section 391 to 394 of the Companies Act, 1956 subject to all regulatory approvals.
1. The Board at its meeting held on October 19, 2006 had approved the parameters for launch of Employees Stock Option Scheme, 2006 (ESOS 2006) post the Initial Public Offering (IPO) subject to necessary approvals.
At the meeting held on September 10, 2007 the Board has resolved to price the grant of ESOPs at 7 days average closing price immediately preceding the date of grant on the stock exchange where the shares of the Company are highest traded to be discounted upto 30% as may be decided by the ESOP Compensation Committee.
The above is subject to approval of shareholders through postal ballot and further administration by ESOP Compensation Committee. The other parameters decided the Board Meeting held on October 19, 2006 remain unchanged.
2. Decided to de-merge passive (Tower) Infrastructure of the Company into a wholly subsidiary under section 391 to 394 of the Companies Act, 1956 subject to all regulatory approvals.
Monday, September 10, 2007
Television Eighteen - Outcome Of AGM
Television Eighteen India Ltd has informed that the shareholders at the Annual General Meeting (AGM) of the Company held on September 07, 2007, inter alia, have approved the following:
1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors. Report thereon.
2. Interim Dividend as Final Dividend.
3. Re-appointment of Mr. G K Arora & Mr. Hari S Bhartia as Directors of the Company.
4. Re-appointment of M/s. Deloitte Haskins and Sells, Chartered Accountants asstatutory auditors of the Company.
5. Alteration in Capital Clause of the Memorandum of Association of the Company.
6. Alteration of the Articles of Association of the Company.
7. Issue of Bonus shares.
Further the Company has informed that the Shareholders have passed the resolution related to the issue of Bonus Shares with an amendment by adding sub clause (b-l) in the resolution No. 7 which is reproduced herein after:
(b-1) that the aforesaid issue of bonus shares to the shareholder(s) shall also include issuance of additional bonus shares to the convertible warrants holders as on the record date and the Board of Directors be and is authorized for capitalization of such sum standing to the credit of securities premium account / free reserves available for distribution by the Company, as may be considered necessary by the Board for the purpose of issuance of bonus shares of Rs 5/- each credited as fully paid up, upon the convertible warrants being made filly paid up, in the proportion of one new equity shares for every one convertible warrant held by them on the record date to be fixed by the Board or any committee thereof.
Thereafter Shareholders approved the amended resolution related to the issue of Bonus Shares.
1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors. Report thereon.
2. Interim Dividend as Final Dividend.
3. Re-appointment of Mr. G K Arora & Mr. Hari S Bhartia as Directors of the Company.
4. Re-appointment of M/s. Deloitte Haskins and Sells, Chartered Accountants asstatutory auditors of the Company.
5. Alteration in Capital Clause of the Memorandum of Association of the Company.
6. Alteration of the Articles of Association of the Company.
7. Issue of Bonus shares.
Further the Company has informed that the Shareholders have passed the resolution related to the issue of Bonus Shares with an amendment by adding sub clause (b-l) in the resolution No. 7 which is reproduced herein after:
(b-1) that the aforesaid issue of bonus shares to the shareholder(s) shall also include issuance of additional bonus shares to the convertible warrants holders as on the record date and the Board of Directors be and is authorized for capitalization of such sum standing to the credit of securities premium account / free reserves available for distribution by the Company, as may be considered necessary by the Board for the purpose of issuance of bonus shares of Rs 5/- each credited as fully paid up, upon the convertible warrants being made filly paid up, in the proportion of one new equity shares for every one convertible warrant held by them on the record date to be fixed by the Board or any committee thereof.
Thereafter Shareholders approved the amended resolution related to the issue of Bonus Shares.
Yes Bank - Outcome Of AGM
Yes Bank Ltd has informed that the members at the 3rd Annual General Meeting (AGM) of the Bank held on August 29, 2007, inter alia, have approved all the businesses:
1. Audited Annual Accounts for the year ended March 31, 2007 and the Reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Mr. Wouter Kolff, Mr. S L Kapur & Mr. Arun K Mago as Directors, liable to retire by rotation.
3. Re-appointment of M/s. S R Batliboi, as Statutory Auditors of the Bank for the financial year 2007-2008.
4. Non filling of casual vacancy caused by the resignation of Mr. Ajay Lal.
5. Approval for Employee Stock Option Scheme (YBL ESOP)*.
6. Extending the scope of YBL ESOP to the employees of the subsidiaries / Bank who may be transferred / deputed to the subsidiaries of the Bank.
1. Audited Annual Accounts for the year ended March 31, 2007 and the Reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Mr. Wouter Kolff, Mr. S L Kapur & Mr. Arun K Mago as Directors, liable to retire by rotation.
3. Re-appointment of M/s. S R Batliboi, as Statutory Auditors of the Bank for the financial year 2007-2008.
4. Non filling of casual vacancy caused by the resignation of Mr. Ajay Lal.
5. Approval for Employee Stock Option Scheme (YBL ESOP)*.
6. Extending the scope of YBL ESOP to the employees of the subsidiaries / Bank who may be transferred / deputed to the subsidiaries of the Bank.
Global Broadcast - Outcome Of AGM
Global Broadcast News Ltd has informed that the shareholders at the Annual General Meeting (AGM) of the Company held on September 07, 2007, inter alia, have approved the following:
1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors Report thereon.
2. Re-appointment of Mr. Raghav Bahl & Mr. Sanjay Ray Chaudhuri as Director of the Company.
3. Re-appointment of M/s. Deloitte Haskins and Sells, Chartered Accountants as statutory auditors of the Company.
4. Appointment of Mr. G K Arora, Mr. Hari S Bhartia, Mr. Shahzaad Dalal & Mr. Manoj Mohanka as Directors of the Company who had been appointed as additional Director during the year.
5. Alteration of the Articles of Association of the Company.
6. GBN Employee Stock Option Plan 2007 including approval to grant Stock Options to the employees / directors of Holing and Subsidiary Companies as well as authorization for granting of options more than 1% of the issued capital of the Company in any one year to any employee or Director of the Company or any employee or Director of the holding or subsidiary Company.
7. Issue of 30,00,000 convertible warrants.
While discussing this item, a view emerged among shareholders and management representatives that a wider participation would be desirable for such a material item, As such, it was felt that shareholders who were unable to physically participate in the proceedings may also be given the opportunity to vote on this item. Accordingly, it was unanimously decided to obtain shareholders consent via a postal ballot.
1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors Report thereon.
2. Re-appointment of Mr. Raghav Bahl & Mr. Sanjay Ray Chaudhuri as Director of the Company.
3. Re-appointment of M/s. Deloitte Haskins and Sells, Chartered Accountants as statutory auditors of the Company.
4. Appointment of Mr. G K Arora, Mr. Hari S Bhartia, Mr. Shahzaad Dalal & Mr. Manoj Mohanka as Directors of the Company who had been appointed as additional Director during the year.
5. Alteration of the Articles of Association of the Company.
6. GBN Employee Stock Option Plan 2007 including approval to grant Stock Options to the employees / directors of Holing and Subsidiary Companies as well as authorization for granting of options more than 1% of the issued capital of the Company in any one year to any employee or Director of the Company or any employee or Director of the holding or subsidiary Company.
7. Issue of 30,00,000 convertible warrants.
While discussing this item, a view emerged among shareholders and management representatives that a wider participation would be desirable for such a material item, As such, it was felt that shareholders who were unable to physically participate in the proceedings may also be given the opportunity to vote on this item. Accordingly, it was unanimously decided to obtain shareholders consent via a postal ballot.
Network 18 - Outcome Of AGM
Network 18 Fincap Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 07, 2007, inter alia, have approved the following:
1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors- Report thereon.
2. Re-appointment of Mr. Sanjay Ray Chaudhuri as Director of the Company.
4. Re-appointment of M/s. G S Ahuja and Associates, Chartered Accountants as statutory auditors of the Company.
5. Appointment of Mr. G K Arora, Mr. P N Bahl, Mr. Manoj Mohanka & Mr. Vandana Malik as Directors of the Company who had been appointed as additional Director during the year.
1. Balance Sheet, Profit & Loss Account, Directors Report and Auditors- Report thereon.
2. Re-appointment of Mr. Sanjay Ray Chaudhuri as Director of the Company.
4. Re-appointment of M/s. G S Ahuja and Associates, Chartered Accountants as statutory auditors of the Company.
5. Appointment of Mr. G K Arora, Mr. P N Bahl, Mr. Manoj Mohanka & Mr. Vandana Malik as Directors of the Company who had been appointed as additional Director during the year.
Dolphin Offshore - Outcome Of AGM
Dolphin Offshore Enterprises India Ltd has informed that the Shareholders at the Annual General Meeting (AGM) of the Company held on September 07, 2007, have approved the following resolutions:
1. Adopted the Audited Financial Statements for the year ended March 31, 2007 together with the Reports of the Directors and the Auditors thereon.
2. Declared Dividend @ 25%.
3. Re-appointed Mr. S Venkiteswaran & Mr. Arvind K Parikh, as Directors of the Company.
4. Re-appointed M/s. Haribhakti & Company as Auditors of the Company.
5. Appointed Dr. F C Kohli as a Director of the Company.
6. Approved the remuneration to be paid to non executive directors as per section 309 (4) and 198 (1).
7. Approved the setting up of an Institute for research activities and promoting the development of Underwater and Deepwater Technology in India.
1. Adopted the Audited Financial Statements for the year ended March 31, 2007 together with the Reports of the Directors and the Auditors thereon.
2. Declared Dividend @ 25%.
3. Re-appointed Mr. S Venkiteswaran & Mr. Arvind K Parikh, as Directors of the Company.
4. Re-appointed M/s. Haribhakti & Company as Auditors of the Company.
5. Appointed Dr. F C Kohli as a Director of the Company.
6. Approved the remuneration to be paid to non executive directors as per section 309 (4) and 198 (1).
7. Approved the setting up of an Institute for research activities and promoting the development of Underwater and Deepwater Technology in India.
Saturday, September 8, 2007
Rasandik Engineering - Outcome Of AGM
Rasandik Engineering Industries (India) Ltd has informed that the members at the 23rd Annual General Meeting (AGM) of the Company held on September 07, 2007, inter alia, have accorded to the following:
1. Adoption of Audited Accounts for the year ended March 31, 2007 together with the Reports of Auditors and Directors thereon.
2. Declaration of payment of Dividend @ 10% per share on face value of Rs 10/- to the shareholders of the Company.
3. Re-appointment of Mr. S C Kapoor as a Director of the Company.
4. Appointment of Auditors of the Company and to fix their remuneration.
5. To the creation by the Board of Directors, on behalf of the Company, of fixed or floating charge, lien, mortgage pledge or other encumbrances over the whole or any part of the undertaking, property or assets of the Company in favour of the existing and future lenders including banks, financial institutions and other persons / bodies corporate to secure borrowings upto an aggregate amount of Rs 200 Crores (excluding overdraft / cash credit and similar facilities from bankers) of the Company.
1. Adoption of Audited Accounts for the year ended March 31, 2007 together with the Reports of Auditors and Directors thereon.
2. Declaration of payment of Dividend @ 10% per share on face value of Rs 10/- to the shareholders of the Company.
3. Re-appointment of Mr. S C Kapoor as a Director of the Company.
4. Appointment of Auditors of the Company and to fix their remuneration.
5. To the creation by the Board of Directors, on behalf of the Company, of fixed or floating charge, lien, mortgage pledge or other encumbrances over the whole or any part of the undertaking, property or assets of the Company in favour of the existing and future lenders including banks, financial institutions and other persons / bodies corporate to secure borrowings upto an aggregate amount of Rs 200 Crores (excluding overdraft / cash credit and similar facilities from bankers) of the Company.
Core Projects - Outcome Of Board Meeting
Core Projects & Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on September 07, 2007, has allotted 13,50,000 equity shares of Rs 2 each to the promoters of Enterprise Computing Services Inc. (ECS) towards acquisition of balance 24% common stake thereby making ECS a Wholly Owned Subsidiary of the Company, in pursuance of the FIPB approval vide its letter dated June 04, 2007 and the in principle approval received from stock exchange vide its letter dated August 27, 2007.
Pursuant to this allotment, the paid up capital of the Company stands increased to Rs 14,22,36,090 comprising of 7,11,18,045 Equity Shares of Rs 2/- each.
Pursuant to this allotment, the paid up capital of the Company stands increased to Rs 14,22,36,090 comprising of 7,11,18,045 Equity Shares of Rs 2/- each.
Network - Outcome Of Board Meeting
Network Ltd has informed that the Board of Directors of the Company at its meeting held on September 07, 2007, has approved the following:
1. To allot 74,50,000 Warrants on preferential basis to non promoter group at a price of Rs 50/- each on the terms and conditions mentioned below. Further, the Company has received Rs 3,72,50,000 equivalent to 10% of total value of warrants from the allottees of the warrants as per details.
a. Paliwal Infrastructure Pvt Ltd
- No of Warrants allotted : 2000000
- 10% value of warrants (amount in Rs) : 10000000
b. Paliwal Overseas Pvt Ltd
- No of Warrants allotted : 1500000
- 10% value of warrants (amount in Rs) : 7500000
c. Ashok Sawhney & Sons (HUF)
- No of Warrants allotted : 1900000
- 10% value of warrants (amount in Rs) : 9500000
d. Mr. Ravi Madan
- No of Warrants allotted : 1450000
- 10% value of warrants (amount in Rs) : 7250000
e. Finco Securities Pvt Ltd
- No of Warrants allotted : 600000
- 10% value of warrants (amount in Rs) : 3000000
Terms & conditions attached to issuance of Warrants:
i. Warrants carrying rights to subscribe to equal number of equity shares. The option to get converted into equity shares shall be exercised within a period of l8 months from date of allotment of warrants.
ii. The face value of Equity Shares shall be Rs 10/- per share.
iii. The Equity Shares shall be issued at Rs 50/- per share inclusive of a premium of Rs 40/- per share.
1. To allot 74,50,000 Warrants on preferential basis to non promoter group at a price of Rs 50/- each on the terms and conditions mentioned below. Further, the Company has received Rs 3,72,50,000 equivalent to 10% of total value of warrants from the allottees of the warrants as per details.
a. Paliwal Infrastructure Pvt Ltd
- No of Warrants allotted : 2000000
- 10% value of warrants (amount in Rs) : 10000000
b. Paliwal Overseas Pvt Ltd
- No of Warrants allotted : 1500000
- 10% value of warrants (amount in Rs) : 7500000
c. Ashok Sawhney & Sons (HUF)
- No of Warrants allotted : 1900000
- 10% value of warrants (amount in Rs) : 9500000
d. Mr. Ravi Madan
- No of Warrants allotted : 1450000
- 10% value of warrants (amount in Rs) : 7250000
e. Finco Securities Pvt Ltd
- No of Warrants allotted : 600000
- 10% value of warrants (amount in Rs) : 3000000
Terms & conditions attached to issuance of Warrants:
i. Warrants carrying rights to subscribe to equal number of equity shares. The option to get converted into equity shares shall be exercised within a period of l8 months from date of allotment of warrants.
ii. The face value of Equity Shares shall be Rs 10/- per share.
iii. The Equity Shares shall be issued at Rs 50/- per share inclusive of a premium of Rs 40/- per share.
Almondz Capital - Outcome Of EGM
Almondz Capital & Management Services Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 06, 2007, inter alia, have authorized the Board to create, offer, issue and allot 505900 equity shares of the Company having a face value of Rs 10/- each at a price of Rs 61/- per equity share including premium of Rs 51/-, on a preferential basis to Promoters / Promoter Group(s) / including Person Acting in Concert which them (PAC) and Other Investors or select group of persons, which price is calculated in accordance with the Guidelines for Preferential issue issued by the Board of Directors of the Company, at the time of issue or allotment, subject to the overall guidelines governing such issue.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
a. 260000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 245900 equity shares being allotted to Other Investors shall be locked in for a period of 1 year.
b. The equity shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. August 07, 2007 upto a period of six month from the date of allotment of equity share.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
a. 260000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 245900 equity shares being allotted to Other Investors shall be locked in for a period of 1 year.
b. The equity shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. August 07, 2007 upto a period of six month from the date of allotment of equity share.
Malar Hospitals - Outcome Of Board Meeting
Malar Hospitals Ltd has informed that the Board of Directors of the Company at its meeting held on September 07, 2007, inter alia, has transacted the following:
1. For the purpose of availing of OTS, the Company do avail of loans aggregating to Rs 14,00,00,000/- from M/s. International Hospital Ltd for a sum of Rs 10,00,00,000/- and M/s. Oscar Investments Ltd for a sum of Rs 4,00,00,000/- on such terms and conditions and subject to such security as may be necessary including but not limited to hypothecation of the movable assets of the Company and mortgage of the immovable assets of the Company.
2. The Company do enter into a loan, Share Subscription and Share Purchase agreements with M/s. International Hospital Ltd and M/s. Oscar Investments Ltd as per draft placed before the Board.
3. The Company do issue 46,66,666 number of shares of Rs 10/- each at a premium of Rs 20/- per share on conversion of the said loan into equity shares, in terms of the abovementioned agreement.
Further the Company has informed that, an Extra-ordinary General Meeting of the Shareholders of the Company will be held on October 09, 2007, to take the requisite approval of the shareholders for issue of the said shares and for creation of the requisite security.
1. For the purpose of availing of OTS, the Company do avail of loans aggregating to Rs 14,00,00,000/- from M/s. International Hospital Ltd for a sum of Rs 10,00,00,000/- and M/s. Oscar Investments Ltd for a sum of Rs 4,00,00,000/- on such terms and conditions and subject to such security as may be necessary including but not limited to hypothecation of the movable assets of the Company and mortgage of the immovable assets of the Company.
2. The Company do enter into a loan, Share Subscription and Share Purchase agreements with M/s. International Hospital Ltd and M/s. Oscar Investments Ltd as per draft placed before the Board.
3. The Company do issue 46,66,666 number of shares of Rs 10/- each at a premium of Rs 20/- per share on conversion of the said loan into equity shares, in terms of the abovementioned agreement.
Further the Company has informed that, an Extra-ordinary General Meeting of the Shareholders of the Company will be held on October 09, 2007, to take the requisite approval of the shareholders for issue of the said shares and for creation of the requisite security.
Friday, September 7, 2007
Prestige Foods - Outcome Of Board Meeting
Prestige Foods Ltd has informed that the Board of Directors of the Company at its meeting held on September 05, 2007, inter alia, has transacted the following:
1. Shri. Davish Jain and Shri. Sanjay Rathi are liable to retire by rotation.
2. Approved the reappointment of the current statutory auditors.
3. Discussed the matter of salary revision of the Managing Director and Joint Managing Director as per the recommendations of the remuneration committee and accepted the same.
1. Shri. Davish Jain and Shri. Sanjay Rathi are liable to retire by rotation.
2. Approved the reappointment of the current statutory auditors.
3. Discussed the matter of salary revision of the Managing Director and Joint Managing Director as per the recommendations of the remuneration committee and accepted the same.
Television Eighteen - Outcome Of Board Meeting
Television Eighteen India Ltd has informed that the Board of Directors of the Company at its meeting held on September 07, 2007, has considered and approved the allotment of 50,00,000 (Fifty Lakhs Convertible Warrants, within 18 months) at a price of Rs 796/- per Convertible Warrant as per SEBI Guidelines, to Network18 India Holding Pvt Ltd, a 100% subsidiary of Network 18 Fincap Ltd, on preferential basis, subject to necessary approval of the shareholders of the Company.
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