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Anant Raj Industries Ltd has informed that the Board of Directors of the Company at its meeting held on November 29, 2007, inter alia, has considered and approved the Notice of Postal Ballot for the alteration of Object Clause of Memorandum of Association of the Company, and appointed Shri. Dinesh Kumar Pandey, Senior Advocate as Scrutinizer to review, process and submit the report on Postal ballot.
Further the Company has informed that, the Board Meeting has been adjourned sine die for considering and approving the annual accounts for the financial year ended March 31, 2007 as on November 29, 2007, the Honble High Court of Chandigarh has passed an order sanctioning the Scheme of Arrangement, which was already approved by the Honble High Court of Delhi vide its order dated October 29, 2007. Therefore, the impact of orders of the Honble High Courts has to be taken into account while finalizing the Annual Accounts of the Company as the order is effective from January 01, 2007.
Quintegra Solutions Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 21, 2007, inter alia, have accorded the following:
1. Authority to the Board of Directors of the Company to invest upto Rs 6 Crores in the shares of Quintegra Ireland Ltd. a subsidiary in Ireland, by subscription or otherwise, notwithstanding that the aggregate of the loans and investments made or to be made and the guarantee given or to be given and the security provided or to be provided to all Bodies Corporate is in excess of the limit laid down, as they may, in their absolute discretion, deem beneficial and necessary in the interest of the Company, subject to necessary provisions & approvals.
2. Authority to the Board of Directors of the Company to invest upto Rs 2.50 Crores in the shares of Quintegra Borman IT Solutions LLC, a subsidiary in Saudi Arabia, by subscription or otherwise, notwithstanding that the aggregate of the loans and investments made or to be made and the guarantee given or to be given and the security provided or to be provided, to all Bodies Corporate is in excess of the limit laid down, as they may, in their absolute discretion, deem beneficial and necessary in the interest of the Company, subject to necessary provisions & approvals.
3. Authority to the Board of Directors of the Company to invest upto Rs 225 Crores to acquire the equity shares of PA Corporation (PAC), Maryland, Virginia, USA by subscription or otherwise, notwithstanding that the aggregate of the loans and investments made or to be made and the guarantee given or to be given and the security provided or to be provided, to all Bodies Corporate is in excess of the limit laid down, as they may, in their absolute discretion, deem beneficial and necessary in the interest of the Company, subject to necessary provisions & approvals.
Kovai Medical Center & Hospital Ltd has informed that the members at the 21st Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and Profit & Loss Account for the year ended March 31, 2007 together with the Directors Report and the Auditors Report thereon.
2. Declaration of dividend @ 12.5% (i.e. Rs 1.25 per share) on the equity capital of the Company for the year ended March 31, 2007.
3. Re-appointment of Dr. P R Perumalswami, Mr. Kasi K Goundan & Dr. Mohan S Gounder, as Directors of the Company.
4. Appointment of M/s. Sun & Co., Chartered Accountants, Coimbatore, 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.
5. Authority to the Board to mortgage and / or charge all or any of the movable or immovable properties of the Company, wheresoever situate, both present and future or the whole or substantially the whole of the undertaking or undertakings of the Company in favour of any financial institutions, banks and others for securing the credit facilities sanctioned / to be sanctioned by them to the Company, provided however that the aggregate amount of credit facilities which may be secured hereunder and outstanding at any time shall not exceed the sum of Rs 250 Crores (Rupees Two hundred and fifty Crores only) excluding the temporary loans obtained from the Companys Bankers in the ordinary course of business, subject to necessary provisions & approvals.
Kalptaru Papers Ltd has informed that the members at the 19th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded the following:
1. Adoption of the Balance sheet as at March 31, 2007 alongwith profit and loss account for the year ended on that date and Directors Report and Auditors report thereon.
2. Declaration of final dividend @ 0.75 on Equity Shares of Rs 10/- fully paid up.
3. Re-appointment of Shri. Mitesh Shah as a Director of the Company, liable to retire by rotation.
4. Appointment of M/s. V S Agrawal & Co., Chartered Accountants, Delhi, 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.
5. Re-appointment of Mr. Javed Anwar Hawa as Joint Managing Director of the Company for a period of 3 year with effect from June 01, 1998, on remuneration, terms & conditions.
6. Delisting of equity shares from The Delhi Stock Exchange Association Ltd and Jaipur Stock Exchange Ltd.
Shaw Wallace & Company Ltd has informed that the Board of Directors of the Company at its meeting held on November 28, 2007 has considered and approved the following proposal:
1. Merger of Shaw Wallace & Company Ltd (the Company) and Primo Distributors Pvt Ltd (Primo) with United Spirits Ltd (USL)
a. The Appointed Date for the merger will be April 1, 2007.
b. In respect of merger of the Company, USL shall allot shares in the following ratio:
(i). 4 fully paid up equity share of Rs 10 each for every 17 equity shares of Rs 10 each held in the Company.
The share exchange ratio has been determined based on the recommendation of two independent Valuers viz,, M/s. Dalal & Shah, Chartered Accountants and Grant Thornton India Pvt Ltd.
The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders, lenders, creditors of the companies, the Honble High Courts of Bombay, Karnataka and Calcutta, the permission or approval of the Central Government or any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme.
United Spirits Ltd has informed that the Board of Directors of the Company at their meeting held on November 28, 2007 has considered and approved the following proposal:
1. Merger of Shaw Wallace & Company Ltd (SWC) and Primo Distributors Pvt Ltd (Primo) with United Sprits Ltd (the Company)
a. The Appointed Date for the merger will be April 1, 2007
b. As Primo is wholly owned subsidiary of the Company, there is no consideration in respect of merger of Primo with the Company.
c. In respect of merger of SWC, the Company shall allot shares in the following ratio:
i. 4 fully paid up equity share of Rs 10 each for every 17 equity shares of Rs 10 each held in SWC
The share exchange ratio has been determined based on the recommendation of two independent Valuers viz,, M/s. Dalal & Shah, Chartered Accountants and Grant Thornton India Pvt Ltd
2. The Board of Directors has also approved the scheme for merger of Zellnka Ltd (Zellnka) with the Company. As Zellnka is wholly owned subsidiary of the Company, there is no consideration in respect of merger of Zellnka with the Company. The Appointed Date for the merger will be April 1, 2007.
The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders, lenders, creditors of the companies, the Honble High Court of Bombay, Karnataka and Calcutta, the permission or approval of the Central Government or any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme.
Heritage Foods India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 28, 2007, inter alia, have accorded to the following matters:
1. Issue of 8,00,000 Warrants, each warrant convertible into one equity share of Rs 10/- each ranking pari-passu in all respects with the existing equity shares of the Company within a period of eighteen months from the date of the issue, to Smt. N Bhuvaneswari, Vice Chairman and Managing Director @ Rs 256/- per warrant pursuant to Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
2. Alteration of Memorandum and Articles of Association of the Company pertaining to Authorized Share Capital i.e., presently the Authorized Share Capital is of Rs 15 crores divided into 150 lakhs equity shares of Rs 10/- each, altered to 130 lakhs equity shares of Rs 10/- each and 20 laths preference shares of Rs 10/- each.
3. Issue of Shares / other Securities convertible into equity shares to the extent of not exceeding 19,00,000 equity shares of Rs 10/- each on such terms and conditions as may be determined by the Board of Directors of the Company to Qualified Institutional Buyers pursuant to Chapter XIIIA of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
IT People India Ltd has informed that the Board of Directors of the Company at its meeting held on November 27, 2007, has approved the Amalgamation of Marketplace Technologies Pvt. Ltd (MTP), a private limited Company, and Orient Information Technology Ltd. (OITL), into the Company, subject to the requisite approvals from the members and creditors of the three Companies, regulatory authorities and the Honble High Court of Judicature of Bombay.
The Board of Directors of the Company has also approved the Exchange Ratio for the proposed Amalgamation of MTP into the Company, as suggested in the valuation report of Haribhakti & Co., Chartered Accountant, as under:
1. One Thousand Six hundred & Thirty Four (1634 nos.) Equity shares of Rs 2/- each in the Company for every One Thousand (1000 nos) Equity shares of Re 1/- each held by the shareholders of MTP.
2. One Thousand Nine Hundred & Sixty One (1961 nos.) 0% (Zero Coupon) Redeemable Preference Shares of Rs 10/- each in the Transferee Company for every One Thousand (1000 nos) Equity Shares of Re 1/- each held by the shareholders of MTP.
3. Payment of Rupees Fourteen Thousand Seven Hundred & Ten Only (Rs 14710) by the Transferee Company for every One Thousand (1000 nos) Equity Shares of Re 1/ each held by the shareholders of MTP.
The Board of Directors of the Company has also approved the Exchange Ratio of One Hundred (100 nos.) Equity Shares of Rs 2/- each in the Transferee Company for every Two Hundred & Seventy Five (275 nos.) Equity Shares of Rs 10/- each held by the shareholders of OITL for the proposed Amalgamation of OITL into the Company, as suggested in the valuation report of Gadgil & Co., Chartered Accounts & IT People Valuation done by Haribhakti & Co., Chartered Accounts.
The proposed Amalgamation shall be carried out under a Scheme of Arrangement to be filed before the Honble High Court of Bombay.
MCS Ltd has informed that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 22, 2007, inter alia, have also accorded the following:
1. Adoption of the Balance Sheet as at March 31, 2007 and the Profit & Loss Account for the year ended on the date together with report of the Directors and Auditors thereon.
2. Declaration of dividend @ 10% (Ten) on Equity Shares of the Company for the Financial Year ended March 31, 2007.
3. Re-appointment of Mr. A N Shanbhag & Mr. Kapil Gupta as Directors of the Company.
4. Re-appointment of M/s. Amod Agarwal & Associates, Chartered Accountants as Statutory Auditors to hold office up to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Mr. Aniruddha Mitra as a Director of the Company, liable to retire by rotation.
6. Appointment of Mr. Aniruddha Mitra as Whole Time Director of the Company for a period of 3 years with effect from June 20, 2007, on remuneration, terms & conditions.
7. The members of the Company, by way of Postal Ballot, have passed the following resolutions:
- Authority to the Board of Directors of the Company to sell, lease or otherwise dispose of including surrender of leasehold right on lands of the two remises of the Company on lease hold land at Sri. Venkatesh Bhawan, Plot No. 27, Road No. 11, MIDC Area, Andheri (East), Mumbai and Sri. Padmavathi Bhavan, Plot No 93 Road No 16, MIDC Area, Andheri (East), Mumbai as also the items of computer hardware with installed software as remaining there at such consideration and on such terms & conditions in the best interest of the Company and with effect from such date as the Board may in its absolute discretion deem fit & proper, subject to necessary provisions & approvals.
Evinix Accessories Ltd has informed that the Board of Directors of the Company at its meeting held on November 26, 2007, inter alia, has approved the following Important matters alongwith the miscellaneous matters related with the proposed issue of GDRs / ADRs / Right Issue / FCCBs:
1. The approval accorded for further issue of equity shares of the Company by way of domestic / international offering through GDRs / ADRs / Right Issue / FCCBs upto aggregate amount of Rs 88.00 Crores (including a Green Shoe Option upto Rs 8.00 Crores, if any) or its equivalent in one or more currencies, inclusive of Share premium, if any.
2. The approval accorded for issuing Foreign Currency Convertible Bonds (FCCB) convertible into equity shares, upto an aggregate amount not exceeding Rs 48.00 Crores (including a Green Shoe Option of Rs 8.00 Crores, if any) or its equivalent in one or more currencies, for possible acquisition Opportunities that the Company may wish to pursue.
3. The formation of Capital Issue Committee for the above purposes.
4. The Board also authorised the Capital Issue Committee to decide and finalise all the matters relating to the above mentioned purposes.
The above is within the overall limit upto which further shares may be issued in accordance with the resolution passed by the Shareholders of the Company at the Annual General Meeting held on September 27, 2007, at such price and time as may be determined subject to market conditions.
Zicom Electronic Security Systems Ltd has informed that the Board of Directors of the Company at its meeting held on November 23, 2007, has approved to issue on preferential / private placement basis 21,00,000 Warrants to the following companies belonging to thePromoters:
1. Baronet Properties & Investments Pvt Ltd - 10,50,000 No of Warrants to be issued
2. Coronet Properties & Investments Pvt Ltd - 10,50,000 No of Warrants to be issuedEach warrant shall carry an option / entitlement to subscribe to one equity share of the Company of Rs 10/- each on a future date (i.e. in aggregate options to subscribe to maximum of 21,00,000 equity shares) at the price which shall not be lower than the minimum price to be determined in accordance with tile SEBI Guidelines for Preferential Issues (Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000).
The above issue of Warrants, is subject to the approval of shareholders. The Board has decided to convene an Extra-Ordinary General Meeting of the Members of the Company for the above purpose on December 21, 2007.
Rain Commodities Ltd has informed that the Board of Directors of the Company at its meeting held on November 23, 2007, inter alia, has taken on record the Order dated October 25, 2007 of the Honble High Court of Andhra Pradesh, approving the Scheme of Arrangement, consisting of the following:
1. Transfer of Cement Business from Rain Industries Ltd to the Company with effect from July 01, 2006.
2. Amalgamation of Rain Calcining Ltd with the Company with effect from April 01, 2007; and
3. Transfer of Calcined Petroleum Coke (CPC) and Power Business from the Company to Rain Industries Ltd with effect from April 01, 2007.
The certified true copy of the Court Order has been filed with the Registrar of Companies on November 23, 2007.
Accordingly, the Scheme of Arrangement has become effective from November 23, 2007 and (i) Rain Calcining Ltd stands Amalgamated with the Company, (ii) Cement Business has been transferred from Rain Industries Ltd (Wholly Owned Subsidiary Company) to the Company; and (iii) Calcined Petroleum Coke (CPC) and Power business is transferred from the Company to Rain Industries Ltd.
Further the Company has informed that, at the Board of Directors meeting of the Company held on November 23, 2007, Mr. N Radhakrishna Reddy has resigned as the Managing Director which will be effective from November 24, 2007, but will continue to be Director and Chairman of the Company, Mr. N Jagan Mohan Reddy is appointed as Managing Director of the Company which will be effective from November 24, 2007 and Mr. N Sujith Kumar Reddy is appointed as Executive Director, which will be effective from November 24, 2007.
Southern Ispat Ltd has informed that the Board of Directors of the Company at its meeting held on November 26, 2007, has decided to speed up its expansion plans to set up an integrated steel making plant which includes a 4 X 25 MT Induction Furnace capacity, 350,000 TPA TMT/Structural manufacturing plant, 300,000 TPA captive Sponge Iron unit and 50 MW captive Power plant at an investment of Rs 500 Crores.
The Board has resolved and authorized the Managing Director Mr. Vivek Agarwal to go ahead with preparing project report, source the part financing partners say, bankers, Financial Institutions, Merchant Bankers by taking assistance from the Consultants etc. It is further resolved authorizing the Managing Director to negotiate with the suppliers for Power plant, Furnaces, TMT / Structural plants and inform the same in the next Board Meeting.
The Managing Director is informed to approach the Managing Director of KSIDC, Trivandrum and speed up the process and get assistance of Government of Kerala to procure Coal and Iron Ore from Government of Karnataka / Government of Orissa.
Nuchem Ltd has informed that the Board of Directors of the Company at its meeting held on November 22, 2007, has approved certain organisatinal changes as follows:
1. Sh. Romesh C Barar, Managing Director of the Company, having decided to pass on the reins of the Company to the next generation in the Promoters family, the Board has approved his relinquishment of office of the Managing Director w.e.f. close of working hours on November 30, 2007.
2. However, as desired by the Board, Sh. Romesh C Barar, Managing Director has agreed to remain associated with the Company as an Advisor for a period of five years on existing terms and conditions as to the remuneration.
3. As proposed by Sh. Romesh C Barar, Managing Director, the Board has elevated Sh. Arun Barar, the present Joint Managing Director to the position of the Managing Director of the Company for a period of five years w.e.f. December 01, 2007 on such remuneration as may be decided by the Remuneration Committee. This will be subject to the requisite approvals.
T Spiritual World Ltd has informed that the Board of Directors of the Company at its meeting held on November 21, 2007, inter alia, has transacted the following:
1. The authorized, issued and fully paid up equity share capital of the Company of Rs 2/- each be so consolidated that five existing equity shares of face value of Rs 2/-each be consolidated into one equity shares of face value of Rs 10/- each and for equity shares of Rs 2/-cach being fully paid up, five of such filly paid up shares be consolidated into one equity share of face value of Rs 10/- each fully paid up and consequently, the Authorised Share Capital of the Company be and is hereby altered from the existing Rs 2,00,100,000/- divided 1,00,050,000 equity shares of Rs 2/- each to Rs 2,00,100,000/- divided 2,00,10,000 equity shares of Rs 10/- each with effect from the record date to be determined by the Board of Directors of the company for the purpose, subject to necessary provisions & approvals.
2. The share Capital of the Company be increased from Rs 20,01,00,000/- (Rupees Twenty Crores One Lac) Divided into 2,00,10,000 (Two Crores Ten Thousand) Equity Shares of Rs 10/- each (Consequent upon consolidation of five existing equity shares of face value of Rs 2/- each be consolidated into one equity share of face value of Rs l0/- each)to Rs 23,01,00,000/- (Twenty Three Crores One Lac) divided into 2,30,10,000 (Two Crore Thirty Lac Ten Thousand) equity shares of Rs 10/- each by creation of further 30,00,000 Equity Shares of Rs 10/- each, with effect from the record Date to be determined by the Board of Directors of the Company (which term shall be deemed to include any committee thereof) for the purpose of consolidation of equity shares, and consequential amendments in the Memorandum & Articles of Association of the Company.
RSWM Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 17, 2007, inter alia, have accorded the Board to create, offer, issue and allot on preferential basis:
a. 30,00,000 (Thirty Lacs) Warrants of Rs 87/- each aggregating to Rs 26,10,00,000 (Rupees Twenty Six Crore Ten Lac only) with option of conversion of each Warrant into one Equity Share of Rs 10/- each within a period of 18 months from the date of issue and allotment to Promoters, Directors and Persons acting in concert, which includes Associates, Relatives and Friends of such Promoters and Directors.
b. 5,00,000 (Five lac) Warrants of Rs 87/- each aggregating to Rs 4,35,00,000 (Rupees Four Crore Thirty Five Lacs only) with option of conversion of each Warrant into One Equity Share of Rs 10/- each within a period of 18 months from the date of issue and allotment to Employees of the Company, Group Companies and Associates Companies.
On such terms and conditions and in such manner as the Board may think fit.
Further resolved that, the issue price of Rs 87/- (Rupees Eighty Seven Only) per warrant which is in accordance with the SEBI pricing formula for Preferential Issues, is on the basis of the relevant date of October 18, 2007, being the date thirty days prior to the date of this resolution.
Welspun Syntex Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 06, 2007 inter alia, have passed a Special Resolution for reduction of the paid-up share capital of the Company by (i) cancellation of Rs 7.50 of every equity share of Rs 10 each fully paid up: and simultaneously thereafter, consolidating four (4) numbers of fully paid up equity shares of Rs 2.50 each in to one(1) equity shares of Rs 10 each fully paid (after cancellation of 1(one) fraction equity share), resulting in the issued, subscribed and paid up equity shares capital of the Company of Rs 94,58,01,090 consisting of 9,45,80,109 equity shares of Rs 10 each to be reduced / consolidated to Rs 23,64,50,270 consisting of 2,36,45,027 equity shares of Rs 10 each fully paid up by adjusting (a) debit balance of Rs 44,25,57,908 in the Profit and Loss Account for the year ended March 31, 2007 which has arisen as a result of substantial diminution in the value of fixed assets of the Company and (b) creating Capital Revenue of Rs 26,64,92,912 on the Record Date / Book Closure to be fixed by the Board.
Hindustan Organic Chemicals Ltd has informed that the members at the 46th Annual General Meeting (AGM) of the Company held on September 28, 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 for the period ended March 31, 2007, alongwith the Reports of the Directors and the Auditors thereon.
2. Appointment of Shri. Mathew C Kunnumkal, IAS Additional Secretary & Financial Adviser in the Department of Chemicals and Petrochemicals, as Director of the Company to hold office from the conclusion of this AGM till the conclusion of next AGM of the Company.
3. Re-appointment of Shri K C Misra, IAS, Joint Secretary, as Director of the Company to hold office from the conclusion of this AGM till the conclusion of next AGM of the Company.
4. Increased in the Authorised Share Capital of the Company from Rs 350,00,00,000 (Rs. Three Hundred Fifty Crore) divided into 10,00,00,000 (Ten crore) Equity shares of Rs 10 each and 25,00,00,000 (Twenty Five Crore) Preference Shares of Rs 10/- each to Rs 370,00,00,000 (Rs Three Hundred and Seventy crore) divided into 10,00,00,000 (Ten crore) Equity shares of Rs 10 each ranking pari-passu with the existing shares in the Company and 27,00,00,000 (Twenty Seven crore ) [by additional creation of 2 crore Preference Shares in addition to the existing Preference Shares of 25,00,00,000] 8% non cumulative redeemable preference shares of Rs 10 each, redeemable @ 20% each year from 4 year onwards & consequential amendments in Memorandum & Articles of Association of the Company.
5. Authority to Board to the Board to issue 2,00,00,000 (Two crores) 8% non cumulative preference shares of Rs 10 each redeemable @ 20% each year from 4 year onwards in favour of the President of India, as and when the amounts for the purpose are received from the Govt. subject to the terms and conditions therein, if any.
Bhuwalka Steel Industries Ltd has informed that the members at the 25th Annual General Meeting (AGM) of the Company held on September 29, 2007, inter alia, have accorded the following:
1. Adoption of the Audited statement of Accounts of the Company as at and for the year ended March 31, 2007 together with Directors and Auditors Report thereon.
2. Declaration of dividend @ 12.5% on Cumulative Redeemable Preference Shares.
3. Declaration of dividend @ 15% on equity shares and 10% for silver jubilee year.
4. Re-appointment of Dr. S K Gupta & Sri. Ajay Kumar Bhuwalka, as Directors of the Company.
5. The vacancy caused by resignation of Sri. Sanjay Kumar Bhuwania, the Director retiring by rotation, shall not be filled up at this meeting and may be filled up at appropriate time as may be considered fit and proper by the Board.
6. Re-appointment of M/s. P K Rungta & 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.
7. Appointment of Sri. Ankit Bhuwalka as a Director of the Company, liable retire by rotation.
8. Appointment of Sri. Suresh Kumar Bhuwalka, as Managing Director of the Company for a period of 5 years w.e.f. April 01, 2007, on remuneration, terms & conditions.
KSL & Industries Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 16, 2007, inter alia, have considered and approved the following:
- To issue and allot the equity shares on private placement basis though Preferential Issue:
a. 5,92,885 equity Shares of face value Rs 4/- each at a price of Rs 253/- per share to Television Eighteen India Ltd.
b. 7,90,500 equity Shares of face value Rs 4/- each at a price of Rs 253/- per share to Bennett, Coleman & Co. Ltd.
c. 3,95,500 equity Shares of face value Rs 4/- each at a price of Rs 253/- per share to Brescon Infra Pvt Ltd.
d. 3,95,500 equity Shares of face value of Rs 4/- each at a price of Rs 253/- per share Brescon Realty Pvt Ltd.
ICSA India Ltd has informed that the Board of Directors of the Company at its meeting held on November 20, 2007, inter alia, has considered & approved the following:
1. Change of Registered cum Corporate office from 573J, Road No. 82, Jubilee Hills, Hyderabad to # 12, 1st Floor, Software Units Layout, Cyberabad, Hyderabad, Andhra Pradesh, India.
2. Allotment of 45,000 Equity shares of Rs 2/- each on conversion of 15% of the Employee Stock options issued under ESOP 2005 scheme.
Garden Silk Mills Ltd has informed that the members at the 28th Annual General Meeting (AGM) of the Company held on November 13, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at June 30, 2007 and the Profit and Loss Account for the year ended on that date, together with the Reports of the Directors and Auditors thereon.
2. Declaration of payment of dividend at the rate of Rs 1.50 per Equity Share of Rs 10 each for the year ended June 30, 2007.
3. Re-appointment of Mrs. Shilpa P Shah, Mr. Alok P Shah, Mr. Yatish Parekh & Mr. Rajen P Shah as Directors of the Company.
4. Re-appointment of M/s. Natvarlal Vepari & 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 & conditions.
5. Appointment of Mr. Suhail P Shah, as Wholetime Director designated as Executive Director of the Company, with substantial powers of management as Executive Director for a period of 5 (five) years with effect from December 01, 2007, on remuneration, terms & conditions.
6. Increase in remuneration of Mr. Praful A Shah as Managing Director of the Company w.e.f. December 01, 2007 for the balance period of his current tenure ending on August 31, 2008, on terms & conditions.
7. Revised remuneration of Mr. Alok P Shah, Wholetime Director with effect from December 01, 2007 for the remaining period of his tenure of office i.e. upto December 31, 2009, on terms & conditions.
Murudeshwar Ceramics Ltd has informed that the members at the 24th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet of the Company as at March 31, 2007, and the Profit and Loss Account for the year ended on the said date together with schedules and notes on accounts, Cash-flow statement and also the Directors Report, Corporate governance report and Auditors Report.
2. Declaration of Dividend at the rate of 20 (Twenty) percent on the fully paid equity share capital of the Company for the year ended on March 31, 2007.
3. Re-appointment of Shri. K Jeevan Shetty, Dr. B Sudesh Hegde & Dr. Sadanand V Nadig, as Directors of the Company.
4. Re-appointment of M/s. M A Narasimhan & Co., Chartered Accountants, Bangalore as Auditors of the Company to hold office from the conclusion of this Annual General Meeting until conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Re-appointment of Shri. Satish R Shetty as Managing Director of the Company for a further period of 5 years effective from June 27, 2007, on remuneration, terms & conditions.
6. Re-appointment of Shri. Naveen R Shetty as Joint Managing Director of the Company for a further period of 5 years effective from June 27, 2007, on remuneration, terms & conditions.
Genus Power Infrastructures Ltd has informed that the Board of Directors of the Company at its meeting held on November 16, 2007, has allotted 3,00,000 equity shares of Rs 10 each at a premium of Rs 189 per share i.e. conversion at the rate of Rs 199 per share, upon conversion of 3,00,000 convertible warrants to M/s. Vivekshil Dealers Pvt Ltd, out of the total issue of 10,00,000 convertible warrants.
Essar Oil Ltd has informed that the Board of Directors of the Company at its meeting held on November 16, 2007, inter alia, has transacted the following business:
1. Expansion of the refinery capacity from 10.5 MMTPA to 34 MMTPA
The Board approved plans to increase the capacity of the refinery at Vadinar to 34 million tonnes per annum (700,000 bbl per day). The expansion is being carried out at a cost of about USD6.0 billion (Rs 24,000 crore).
2. Raising of USD 2.00 billion by issue of GDSs to Promoters / Promoter Group on a Preferential offer basis
In order to meet part of the requirement of funds for the expansion project and other corporate purposes, including refinancing / pre-paying existing debt of the Company, the Board approved issue of Global Depository Shares (GDSs) to the Promoters / Promoter Group on a Preferential offer basis, up to USD 2.00 billion at an effective price of Rs 200/- per share as against a minimum applicable price of Rs 104/- per share as per applicable Rules (being higher of average price for twenty six weeks and two weeks prior to Relevant date i.e. November 18, 2007) and decided to seek approval of shareholders for the purpose.
The Board further noted the statement made by the Promoters that they no longer intend to proceed with the delisting of equity shares from the Indian Stock Exchanges.
3. Calling an Extraordinary General Meeting
The Board decided to convene the Extraordinary General meeting on December 18, 2007.
Indowind Energy Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 16, 2007, inter alia, have accorded their approval for the following:
1. For issue of Foreign Currency Convertible Bonds / Global Depository Receipts / American Depository Receipts up to 100 Million USD.
2. For increase of Authorised Share Capital from the existing level of Rs 56,00,00,000/- (Rupees Fifty Six Crores) i.e. 4,90,00,000 Equity Shares of Rs 10/- each and 7 Nos. Preference Shares of Rs 1,00,00,000 (Rupees One Crore Only) each to Rs 70,00,00,000 (Rupees Seventy Crores) i.e. 6,30,00,000 Equity Shares of Rs 10/- each and 7 Preference Shares of Rs 1,00,00,000 each.
Rolta India Ltd has informed that the members at the 17th Annual General Meeting (AGM) of the Company held on November 16, 2007, inter alia, have unanimously passed the following resolutions:
1. Adoption of Audited Accounts and Reports of the Board of Directors and Auditors.
2. Declaration of Dividend for the financial year ended June 30, 2007 @ Rs 5.00 per equity share.
3. Re-appointment of retiring Directors Mr. Behari Lal, Mr. A T Pannir Selvam & Mr. K R Modi.
4. Appointment of retiring Auditors M/s. Khandelwal Jain & Company, Mumbai, Chartered Accounts.
5. Re-appointment of Mr. Kamal K Singh, as Executive Chairman & Managing Director of the Company effect from July 01, 2007.
6. Re-appointment of Mr. Atul D Tayal, Dr. Aditya K Singh & Mr. Adarsh Pal Singh as Whole-time Directors, designated as Joint Managing Directors of the Company with effect from April 01, 2007.
7. Appointment of Mr. Ben Eazzetta Director of the Company with effect from April 01, 2007.
8. Issue of 24,00,000 equity shares to Employees of the Company and Subsidiary Companies etc., under ESOP Scheme.
9. Increase of Authorised Capital of the Company from Rs 100 Crores to Rs 250 Crores.
10. Issue of Bonus Shares.
Harrisons Malayalam Ltd has informed that the members at the 30th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded the following:
1. Adoption of the Balance Sheet as at March 31, 2007, the Profit & Loss Account for the year ended on that date, the Reports of the Directors & the Auditors.
2. Declaration of dividend at the rate of Re 1.50 per share on equity shares of the Company for the year ended March 31, 2007.
3. Re-appointment of Mr. P K Kurian & Mr. S Samuel as Directors of the Company, liable to retire by rotation.
4. Appointment of Messrs. Lovelock & Lewes, Chartered Accountants, Chennai, 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.
Southern Online Bio Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on November 15, 2007, has transacted the following unanimously:
1. The Board has appointed a Committee consisting of 3 Directors namely; Mr. N Satish Kumar, Managing Director, Mr. V Durga Prasad, Director and Ms. T Rohini Reddy, Director to allot the equity share under Preferential Issue.
2. The Board has decided, subject to the approval of the shareholders in the General Meeting, to raise second stage of funds up to Rs 50.00 crores (Rupees Fifty Cores only), for the establishment of second Biodiesel unit of the Company at Vizag with a capacity of 250 tons per day, through Rights Issue and / or Public Issue and / or Preferential Issue and / or GDRs and / or ADRs and / or FCCBs and / or Equity Shares and / or Overseas Investors and / or QIB route etc.
Dhandapani Finance Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on November 15, 2007, inter alia, have approved the following resolutions:
1. Further Issue of shares on Rights basis upto an aggregate amount of Rs 50 crores and authorised the Board to decide on the terms of the Rights Issue.
2. Increase in the Authorised Share capital of the Company from Rs 35 crores divided into 1,00,00,000 Equity Shares of Rs 10/- each and 2,50,00,000 Preference shares of Rs 10/- each to Rs 50 Crores divided into 2,50,00,000 Equity Shares of Rs 10/- each and 2,50,000 Preference shares of Rs 10/- each ranking pari-passu in all respect with existing equity / preference shares and the consequent amendments to the Memorandum and Articles of Association of the Company.
3. Ratification of appointment of Mr. R Ravichandran as the Managing Director.
4. Considered the proposed amendments to Main Objects to the Memorandum of Association through Postal Ballot the result for which would be announced on November 28, 2007 as detailed in the notice.
Silverline Technologies Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 11, 2007, inter alia, have accorded the Board to issue, offer and allot, in domestic / international offering any securities including Global Depository Receipts and / or American Depository Receipts convertible at the option of the Company and / or any instrument representing convertible securities such as foreign currency convertible bonds Foreign Currency, (FCCBs), convertible into equity shares / preference shares (Securities), to be subscribed by Foreign investors / institutions and / or corporate bodies, mutual funds, banks, insurance Companies, trusts and / or individual whether or not such person / entities / investors are Member of the Company, whether in Indian currency such issue and allotment shall be made at such time or times in one or more tranche or tranches, at par or at such price or prices and on such terms and conditions as the Board may, in its absolute discretion thinks fit, in consultation with the Lead Managers, underwriters, Advisors or other intermediaries; provided however that the amount to be raised through issue of securities not exceeding USD 30 Million (United States Dollars Thirty Millions), subject to necessary provisions & approvals.
Shetron Ltd has informed that the Board of Directors of the Company at its meeting held on November 14, 2007, has considered and approved the following:
1. The recommendation of the independent professional valuation report submitted to the Board by M/s. Grant Thornton and has decided to acquire 100% equity stake in M/s. Shetron Sobemi Europe N.V., Belgium, an unlisted Company in Europe producing similar products to serve European markets which will enable the Company to achieve synergies in production.
2. The draft Scheme of Amalgamation of an unlisted Company i.e. Fibre Foils Ltd having its office building in Mumbai and plant at Khopoli, Maharashtra, producing paper packaging and other products engaged in the similar line of business as the Company with the Company pursuant to the provisions of the Companies Act, 1956 and other applicable provisions.
3. That under the proposed Scheme of Amalgamation, Eight fully paid up equity share of Rs 10 each of the Company will be issued for every One equity share of Rs 100 each of Fibre Foils Ltd based on the Valuation Report for the purpose of determining the share exchange ratio, submitted by M/s. Grant Thornton. The swap ratio is calculated at 10% discount to the valuation of Fibre Foils Ltd as done by Grant Thornton, an independent, professional valuation firm.
The matters as approved by the Board shall be subject to the approval of members, the Honble High Court of Judicature at Mumbai and the Honble High Court of Judicature at Karnataka and other required approvals.
Adlabs Films Ltd has informed that the Committee of the Board of Directors (CoD) at its meeting held on November 13, 2007 has allotted 4,92,754 equity shares of Face Value Rs 5/- each for cash at a price of Rs 543.42 (including a premium of Rs 538.42) per share pursuant to the conversion notices received in respect of conversion of Zero Coupon Foreign Currency Convertible Bonds aggregating 4,935,000 Euros (or Rs 26,77,73,100/- wherein one Euro=Rs 54.26).
Pursuant to the allotment the total paid up share capital of the Company shall be Rs 20,14,67,520/- divided into 4,02,93,504 equity shares of Rs 5/- each fully paid up.
Further, pursuant to the allotment the Networth of the Company shall be Rs 337.96 crores.
The outstanding amount of Zero Coupon Foreign Currency Convertible Bonds is now 79,065,000 Euros (or Rs 429,00,66,900/-) in value.
Pioneer Embroideries Ltd has informed that the Board of Directors of the Company at its meeting held on November 12, 2007, inter alia, has decided as under:
1. Approved the Employees Stock Option Scheme 2007 of the Company and issue of Securities on the basis of and as per the terms and conditions of the said Scheme, up to a maximum of 5,90,693 Equity Shares of Rs 10/- each which is 5% of the Paid up Share Capital of the Company.
2. The Registered Office of the Company shall remain at the present address at Hakoba Compound, Western Express Highway, Borivali (East), Mumbai.
3. To convene an Extra-ordinary General Meeting of the members of the Company on December 10, 2007, to obtain their approval to the above decision of the Board.
Bank of Rajasthan Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Bank will be held on November 30, 2007, inter alia, to create, offer, issue and allot, at its sole discretion to M/s. Indus Capital Partners LLC N.Y. USA 65,00,000 shares constituting 4.50% and to M/s. Max India Ltd, New Delhi 35,00,000 equity shares constituting 2.42% of the total post-issue paid up share capital of the Bank of Rs 10/- each at a price of not less than Rs 150/- per shares (face value of Rs 10/- and a premium of not less than Rs 140/- per share) or the minimum issue price calculated in accordance with chapter XIII of Guidelines for preferential Issue of the SEBI (DIP) Guidelines, 2000 whichever is higher for cash on a preferential basis, subject to necessary provisions & approvals.
CCAP Ltd has informed that the members at the 34th Annual General Meeting (AGM) of the Company held on September 25, 2007, inter alia, have accorded the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and Profit & Loss Account of the Company for the year ended on that date together with the Auditors Report and Directors Report thereon.
2. Re-appointment of Mr. Monoj Ghose & Mr. Asamanja Mitra, as Directors of the Company.
3. Re-appointment G Basu & Co., Chartered Accountants, Kolkata, 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, on remuneration, terms & conditions.
4. Appointment of Mr. Sisir Kumar Saha & Mr. Mahiruha Mukherji as Directors of the Company, liable to retire by rotation.
5. Appointment of Mr. Sisir Kumar Saha as a Whole-time Director of the Company for a period of three years with effect from November 01, 2006, on remuneration, terms & conditions.
6. Appointment of Mr. Mahiruha Mukherji as a Whole-time Director of the Company for a period of three years with effect from February 01, 2007, on remuneration, terms & conditions.
Insul Electronics Ltd has informed that the Shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on November 10, 2007, inter alia, have accorded the following:
1. Approved increase in the Authorized share capital from the existing capital of Rs 6,00,00,000/ (Rupees Six Crores Only) divided into 60,00,000 Equity shares of Rs 10/- each to Rs 15,00,00,000/- (Rupees Fifteen Crores Only) divided into 1,37,50,000 (One Crore Thirty Seven Lakhs and Fifty Thousand) Equity Shares of Rs 10/- each and 12,50,000 (Twelve Lakhs and Fifty Thousand) Preference Shares of Rs 10/- each and subsequent amendments to the Memorandum and Articles of Association.
2. Approved alteration of Articles of Association of the Company empowering the Company to issue preference shares.
3. Consented, authorized and approved the Preferential Allotment to Kotak Mahindra Trusteeship Services Ltd A/c Kotak Alternate Opportunities (India) Fund and or its affiliates and nominees, the following securities subject to necessary provisions & approvals:
- 10,000 (Ten Thousand) Equity shares of Rs 10/- each at a price of Rs 1167/- per share.
- 11,90,000 (Eleven Lakhs and Ninety Thousand) Optionally Convertible Redeemable Preference Shares of Rs 10/- each at a price of Rs 1167/- per share.
4. Approved and authorized the increase in the borrowing limits of the Company upto Rs 500 crores.
5. Approved the change in name of the Company from Sunteck Realty & Infrastructure Ltd to Sunteck Realty Ltd and subsequent alteration to the Memorandum and Articles of Association.
Sir Shadi Lal Enterprises Ltd has informed that the shareholders at the 73rd Annual General Meeting (AGM) of the Company held on September 25, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance sheet as at March 31, 2007 and Profit & Loss Account for the year ended on that date alongwith the Directors Report and Auditors Report.
2. Re-appointment of Shri. Onke Aggarwal, Shri. R C Sharma & Shri. P K Viswanathan, as Directors of the Company.
3. Re-appointment of Messrs. Basant Ram & Sons, Chartered Accountants, New Delhi, as Auditors of the Company for the year 2007-08, on Remuneration terms & conditions.
4. Authority to the Board to mortgage and / or charge all or any of the present and future movable and immovable properties of the Company, situated at Village Pilkhani and Ghosipura, Tehsil Nukar, Distt. Saharanpur, U.P. in respect of its Pilkhani Unit and at Shamli, District Muzaffarnagar, U.P., in respect of its units namely Upper Doab Sugar Mills (UDSM) and Shamli Distillery & Chemical Works (SDCW) together with all buildings and structures thereon and all plant and machinery attached to the earth both present and future and the whole of the undertaking of the Company relating to the said units together with the power to takeover the management of the business and concern and / or undertaking of the Company relating to the aforesaid units in certain events of default for the purpose of securing the financial assistance from the respective lenders as mentioned below:
A. Lender: Central Government for its SDF loan : (Secured against first pari passu charge on the entire fixed assets of Company at Shamli i.e. Unit-Upper Doab Sugar Mills and Unit-Shamli Distillery & Chemical Works)
- Financial Assistance: Term Loan of Rs 7.42 Crores (Rs 3.32 Crores and Rs 4.10 Crores)
Solid Granites Ltd has informed that the Board of Directors of the Company at its meeting held on November 09, 2007, to consider, in-principle, a Merger between Granitexx Stones and Mosaics Pvt Ltd (a group Company of Solid Granites Ltd, with business similar to Solid Granites Ltd) and Solid Granites Ltd. The Board has accorded in-principle consent to pursue the merger.
M/s. Dalal & Shah, Chartered Accountants, have been appointed as the independent Valuers to determine the share swap ratio, and M/s. J Sagar Associates, Advocates & Solicitors, have been appointed as Legal Advisors for the proposed Merger.
Pyramid Saimira Theatre Ltd has informed that the Board of Directors of the Company at its meeting held on November 10, 2007, has considered and unanimously approved the following:
1. Increasing the Authorised Capital to Rs 50 Crores from the present Authorised Capital of Rs 33 Crores and also to make necessary amendments in the Memorandum and Articles of Association of the Company.
2. Amendment to Clause 32(a) of the Articles of Association pertaining to the Sitting Fees payable to Non-executive Directors not exceeding the maximum amount as may be prescribed by the Central Government under Rule 10B of the Companies (Central Governments) General Rules and Forms, 1956, of the Companies Act, 1956.
3. Insertion of Clause 44-f for enabling the Company to hold Board or Committee Meetings by means of video or tele-conferencing. This amendment to Articles of Association of the Company shall come into force upon notification of necessary amendments to the Companies Act, 1956 and / or necessary clarifications from the Government of India.
4. Investment in other Bodies Corporate or giving guarantee on behalf of other Bodies Corporate for a sum not exceeding Rs 2,500 Crores.
Further the Company has informed that the Board directed the Company Secretary to conduct the Postal Ballot in order to get the approval on the above proposals.
The Board also took on record the following:(a) Business plan of M/s. Pyramid Saimira Productions Ltd, the subsidiary of the Company, in the context of their proposal to make an Initial Public Offering shortly.
(b) Various draft financial closure details of M/s. Pyramid Saimira Entertainment Ltd, Singapore, the subsidiary of the Company.
The Board also approved the acquisition of a Company engaged in Media Space.
Raymond Ltd has informed that subject to the approval of the shareholders in a general meeting and subject to the rules / regulations / guidelines issued by the Securities and Exchange Board of India (SEBI), the Board of Directors of the Company at its meeting held on November 06, 2007, has approved to issue 61,38,085 warrants on a preferential basis to the promoters / promoter group, entitling the promoters / promoter group to apply for and obtain allotment of one equity share of Rs 10/- each against one warrant, at a price of Rs 340 per share.
The Board has also approved the calling of an Extra Ordinary General Meeting for the approval of the preferential allotment on December 04, 2007.
The relevant date for the purpose of determining the price for the preferential issue of the equity shares and warrants would be November 04, 2007, i.e. 30 days prior to thedate of the Extra Ordinary General Meeting as per the SEBI Guidelines.
The holding of the promoter group in the Company would increase to 42.14% from the current level of 36.35% after assuming the exercise of option in full against warrants.
The issue is aimed at augmenting the long term resources of the Company for meeting the funding requirements of existing and new businesses, general corporate expenditure, as well as investments at an opportune time, including in subsidiaries and joint ventures.
Hariyana Ship Breakers Ltd has informed that the members at the 26th Annual General Meeting (AGM) of the Company held on October 31, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as on March 31, 2007 and the Profit & Loss Account for the year ended on that dated together with the report of the Directors & the Auditors thereon.
2. Declaration of Dividend of 4.00% on 50,00,000 Redeemable Preference Share and 20% on 50,00,000 Equity Shares for the financial year ended March 31, 2007.
3. Re-appointment of Smt. Lalitadevi Reniwal & Shri. Manojkumar Bansal, as Directors of the Company.
4. Appointment of M/s. Jain Seth & Co., Chartered Accountants, Mumbai 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.
5. Delisting of equity shares from The Ahmedabad Stock Exchange.
6. Re-appointment of Shri. Shantisarup Reniwal as Managing Director of the Company for a period of 5 years (Five) with effect from April 01, 2007, on remuneration, terms & conditions.
Indiabulls Real Estate Ltd has informed that the Promoters of the Company have exercised their option to convert the 10,000,000 (Ten Million) Series II warrants (convertible into an equivalent number of Equity Shares of face value Rs 2 each in the Company) which had been allotted in their favour pursuant to a Scheme of Arrangement for Demerger between Indiabulls Financial Services Ltd and the Company and their respective Shareholders and Creditors, approved by the Honble High Court of Delhi, New Delhi, through its order dated November 24, 2006.
Pursuant to the exercise of option as aforesaid, the Board of Directors of the Company at its meeting held on November 05, 2007, has allotted an aggregate of 10,000,000 (Ten Million) Equity Shares of face value Rs 2 each in the Company, in favour of the Promoters.
Consequently, the equity shareholding of the Promoter Directors in the Company has increased from the present 55,116,685 Equity Shares of face value Rs 2 each in the Company (representing 23.97 of the total Paid-up Equity Share Capital of Rs 459,870,132 divided into 229,935,066 Equity Shares of face value Rs 2 each) to 65,116,685 Equity Shares of face value Rs 2 each in the Company (representing 27.14% of the total Paid-up Equity Share Capital of Rs 479,870,132 divided into 239,935,066 Equity Shares of face value Rs 2 each in the Company).
Further the Company has informed that at the same meeting, the Board of Directors of the Company has allotted an aggregate of 4,30,00,000 warrants (Series IV) to the Promoters and the two Joint Managing Directors of the Company, convertible into an equivalent number of Equity shares of face value Rs 2 each in the Company, within a period of 18 months from the date of allotment. The conversion price has been fixed at Rs 540/- per Equity Share.
Easun Reyrolle Ltd has informed that the members at the 32nd Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have accorded to the following:
1. Adoption of Directors Report, the Audited Profit & Loss Account for the year ended March 31, 2007, the Balance Sheet as at March 31, 2007 and the Auditors Report thereon.
2. Declaration of a final dividend of 100% (Rs 2 per Equity Shares of Rs 2 each), (excluding 20% interim already paid by the Company) for the financial year ended March 31, 2007.
3. Appointment of Mr. Hari Eswaran & Dr. S Ramani as Directors of the Company.
4. Re-appointment of M/s. Brahmayya & Company, Chennai & M/s. R Subramanian & Company, Chennai, as Auditors of the Company to hold office from the conclusion of the Annual General Meeting of the Company till the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.
Mercator Lines Ltd has informed that the Committee of Board of Directors (CoD) of the Company at its meeting held on November 05, 2007, inter alia, has approved allotment of 13,525,794 equity shares of Re 1/- each in lieu of surrender of Foreign Currency Convertible Bonds (FCCBs) aggregating USD 18,500,000/- from bond holders at a conversion price of Rs 59/812. Consequently, the paid up capital of the Company has increased to 22,28,83,022 equity shares of Re 1/- each. With this conversion, now there are 2493 FCCBs outstanding of aggregate amount of USD 24,930,000/-.
EIH Associated Hotels Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on August 30, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2007, together with the Auditors and Directors Reports.
2. Declaration of dividend @ Rs 4.00 (4%) per share on the Companys Preference Share Capital of Rs 10 Crores on pro rata basis from the date of allotment, for the year ended March 31, 2007.
3. Declaration of Dividend @ 0.80 paise (8%) per share on the Companys Equity Share Capital as at March 31, 2007.
4. Re-appointment of Mr. P R S Oberoi & Mr. Anil Nehru, as Directors of the Company.
5. Re-appointment of Ray & Ray, Chartered Accountants, Kolkata, as Auditors of the Company to hold office from the conclusion of the Twenty-fourth Annual General Meeting till the conclusion of the Twenty-fifth Annual General Meeting of the Company, on remuneration, terms & conditions.
Eveready Industries India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 05, 2007, inter alia, have authorised the Board to create, issue, offer for subscription and allot on private placement basis upto 45,00,000 convertible warrants (warrants) in the aggregate with an option to the holder of each such warrant to apply for and be allotted one equity share of Rs 5/- each in the capital of the Company at a premium of Rs 53/- per share, i.e. at an aggregate price of Rs 58/- per share of face value of Rs 5/- each ranking pari passu with the then existing equity shares of the Company in all respects to one party belonging to the Promoter Group, particulars of which together with the number of warrants proposed to be issued, the said party being hereinafter referred to as the proposed allottee, subject to necessary provisions & approvals.
Phoenix Mills Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on November 05, 2007, inter alia, have accorded to the following:
1. Approval of the Audited Statement of Accounts for the year ended March 31, 2007 and Balance Sheet as on that date along with the Reports of Directors and Auditors thereon.
2. Declaration of Dividend on Equity Shares @ 30%.
3. Re-appointment of Shri Bharat Bajoria & Shri. Amitkumar Dabriwala, as Directors of the Company.
4. Appointment of M/s. A M Ghelani & Co. & M/s Chaturvedi & Shah, Chartered Accountants as Joint Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting.
5. Appointment of Smt Priti Khimji, Shri. Sivaramakrishnan Iyer, Shri Shribhanu Patki, Shri Anand Bajoria & Shri Amit Dalal as Directors of the Company.
6. Appointment of Shri Ashokkumar Ruia as the Chairman cum Managing Director of the Company for a period of three years w.e.f April 01, 2007, subject to terms & conditions.
6. Appointment of Shri. Atul A Ruin as the Joint Managing Director of the Company for a period of three years w.e.f April 01, 2007, subject to terms & conditions.
7. Appointment of Shri Pramod Rawool as a Whole Tine Director of the Company for a period of one year w.e.f November 01, 2007, subject to terms & conditions.
