Sayaji Hotels Ltd has informed that the Board of Directors of the Company at its meeting held on September 03, 2007, has considered and approved the following businesses:
1. To be converted of 4,25,000 Share Warrants into Equity Shares.
2. Issued of 50,00,000 Fresh Convertible Share Warrants to Promoters/Others.
The Board considered and approved the offer, issue and allotment on a preferential basis of 50 lakh Convertible warrants to the promoters, persons and others (as mentioned below); each Warrant convertible, any time before expiry of 18 months, from its allotment into 1 fully paid up equity share of the Company, at an exercise price (including premium) decided by the Board of Directors which is not lower than the minimum price specified as per Clause 13.1.1.1 of Chapter XIII of SEBI Guidelines but not higher than Rs 80.0O per Warrant, and the issue of fresh equity shares on the conversion of the Warrants, on such further terms and conditions, as may be finalized by the Board of Directors, subject to the approval of the shareholders.
Promoters/Others -
NameCategoryNo. of Shares
Ahilya Hotels LtdPromoter37,50,000
Yusuf Ibrahim SoniOther12,50,000
Tuesday, September 4, 2007
Monday, September 3, 2007
Pyramid Saimira - Outcome Of Board Meeting
Pyramid Saimira Theatre Ltd has informed that the Board of Directors of the Company at its meeting held on September 01, 2007, has decided to allot on preferential basis, upto 36,40,000 Convertible Warrants to Mr. P S Saminathan, Promoter Director, subject to the approval of the shareholders at the ensuing 10th Annual General Meeting to be held September 29, 2007.
The Price of each Warrant will be not lower than the minimum price specified as perClause 13.1.1.1 of Chapter XIII of SEBI (DIP) Guidelines, 2000 but not higher thanRs 310/-. The Relevant Date for determination of SEBI Guideline Pricing will be August 30, 2007, i.e. 30 days prior to Shareholders Meeting.
The Price of each Warrant will be not lower than the minimum price specified as perClause 13.1.1.1 of Chapter XIII of SEBI (DIP) Guidelines, 2000 but not higher thanRs 310/-. The Relevant Date for determination of SEBI Guideline Pricing will be August 30, 2007, i.e. 30 days prior to Shareholders Meeting.
IG Petrochemicals - Outcome Of AGM
IG Petrochemicals Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on August 31, 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. Re-appointment of Shri. M M Dhanuka as Director, liable to retire by rotation.
3. Appointment of M/s. Hariharan & Co., Chartered Accountants, Bangalore and M/s. S R Batliboi & Co., Chartered Accountants, Mumbai as the joint Statutory Auditors of the Company from the conclusion of this Annual General Meeting (AGM) till the conclusion of the next AGM of the Company.
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. Re-appointment of Shri. M M Dhanuka as Director, liable to retire by rotation.
3. Appointment of M/s. Hariharan & Co., Chartered Accountants, Bangalore and M/s. S R Batliboi & Co., Chartered Accountants, Mumbai as the joint Statutory Auditors of the Company from the conclusion of this Annual General Meeting (AGM) till the conclusion of the next AGM of the Company.
Zenith Infotech - Outcome Of AGM
Zenith Infotech Ltd has informed that the members at the 11th Annual General Meeting (AGM) of the Company held on August 10, 2007, inter alia, have accorded to the following:
1. Adoption of the Profit & Loss Account for the year ended March 31, 2007 & the Balance Sheet as at that date and the Reports of the Directors & the Auditors thereon.
2. Declaration of dividend of Rs 1.50 per equity shares of the Company for the full year.
3. Re-appointment of Mr. Vijay Ram Mukhi as a Director of the Company.
4. Appointment of Messrs. C L Khanna & Co., Chartered Accountants, Mumbai, as Statutory Auditors of the Company for the financial year 2007-08 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 & the Balance Sheet as at that date and the Reports of the Directors & the Auditors thereon.
2. Declaration of dividend of Rs 1.50 per equity shares of the Company for the full year.
3. Re-appointment of Mr. Vijay Ram Mukhi as a Director of the Company.
4. Appointment of Messrs. C L Khanna & Co., Chartered Accountants, Mumbai, as Statutory Auditors of the Company for the financial year 2007-08 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.
Omax Autos - Outcome Of Board Meeting
Omax Autos Ltd has informed that the Board of Directors of the Company at its meeting held on September 02, 2007, has decided to make a preferential issue of 25 Lacs warrants at a rate of Rs 83.00/- per warrant, each convertible into 1 equity shares of the Company of Rs 10/- each to the following entities:
1. Asia Pacific capital India Pvt Ltd, (12.5 Lacs Warrants) and
2. Gala Finance and Investments Ltd (12.5 Lacs Warrants)
The above is subject to the approval of shareholders. The price of Rs 83.00 for the above preferential issue is calculated as per the SEBI Guidelines for Preferential Allotment of Shares.
1. Asia Pacific capital India Pvt Ltd, (12.5 Lacs Warrants) and
2. Gala Finance and Investments Ltd (12.5 Lacs Warrants)
The above is subject to the approval of shareholders. The price of Rs 83.00 for the above preferential issue is calculated as per the SEBI Guidelines for Preferential Allotment of Shares.
Ruchira Papers - Outcome Of AGM
Ruchira Papers Ltd has informed that the members at the 27th Annual General Meeting (AGM) of the Company held on August 31, 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, the Reports of the Auditors and Directors thereon.
2. Re-appointment of Mr. Surinder Gupta as Director of the Company, liable to retire by rotation.
3. Appointment of M/s. I Chander Goel & Co., Chartered Accountants, as the Auditors of the Company, on remuneration, for the purpose of audit of the Companys accounts, to hold as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company.
4. Revised remuneration to Mr. Subhash Chander Garg, Whole Time Director of the Company on terms and conditions as contained in the Notice of the AGM.
5. Revised remuneration to Mr. Umesh Chander Garg, Managing Director of the Company on terms and conditions as contained in the Notice of the AGM.
6. Revised remuneration to Mr. Jatinder Singh, Whole Time Director of the Company on terms and conditions as contained in the Notice of the AGM.
7. Re-appointment of Mr. Jaleshwar Narain Singh as Executive Director of the Company for a period of two years with effect from February 12, 2007 to February 11, 2009 on terms and conditions as contained in the Notice of the AGM.
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, the Reports of the Auditors and Directors thereon.
2. Re-appointment of Mr. Surinder Gupta as Director of the Company, liable to retire by rotation.
3. Appointment of M/s. I Chander Goel & Co., Chartered Accountants, as the Auditors of the Company, on remuneration, for the purpose of audit of the Companys accounts, to hold as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company.
4. Revised remuneration to Mr. Subhash Chander Garg, Whole Time Director of the Company on terms and conditions as contained in the Notice of the AGM.
5. Revised remuneration to Mr. Umesh Chander Garg, Managing Director of the Company on terms and conditions as contained in the Notice of the AGM.
6. Revised remuneration to Mr. Jatinder Singh, Whole Time Director of the Company on terms and conditions as contained in the Notice of the AGM.
7. Re-appointment of Mr. Jaleshwar Narain Singh as Executive Director of the Company for a period of two years with effect from February 12, 2007 to February 11, 2009 on terms and conditions as contained in the Notice of the AGM.
Saturday, September 1, 2007
Lawreshwar Polymers - Outcome Of Board Meeting
Lawreshwar Polymers Ltd has informed that the Board of Directors of the Company at its meeting held on August 31, 2007, inter alia, has approved the following:
1. Increase in remuneration of Shri. Raj Kumar Agarwal, Managing Director of the Company w.e.f. October 01, 2007.
2. Re-appointment of Shri. Naresh Agarwal as Executive Director of the Company for a period of five years w.e.f. September 30, 2007.
3. To reschedule the capital expenditure program in relation to the Project to be established in terms of the Prospectus dated January 19, 2007 as registered with the Registrar of Companies, Rajasthan subject to approval of the Shareholders in their ensuing Annual General Meeting.
1. Increase in remuneration of Shri. Raj Kumar Agarwal, Managing Director of the Company w.e.f. October 01, 2007.
2. Re-appointment of Shri. Naresh Agarwal as Executive Director of the Company for a period of five years w.e.f. September 30, 2007.
3. To reschedule the capital expenditure program in relation to the Project to be established in terms of the Prospectus dated January 19, 2007 as registered with the Registrar of Companies, Rajasthan subject to approval of the Shareholders in their ensuing Annual General Meeting.
La-Mere Apparels - Outcome Of AGM
La-Mere Apparels Ltd has informed that the members at the 14th Annual General Meeting (AGM) of the Company held on August 25, 2007, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as on March 31, 2007, along with Directors Report and Auditors Report thereon.
2. Re-appointment of Shri. Mukund S Modi as a Director of the Company.
3. Re-appointment of M/s. Rakesh J Shukla & Associates, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Alteration in the Articles of Association of the Company as follows:
After the existing Article 2, the following Article 2A be inserted, namely:Reduction of Capital etc.
2A. The Company may, by a Special Resolution, reduce in any manner, subject to any authorizations and approvals required under law:
I. its share capital;
II. any Capital Redemption Reserve Fund; or
III. any Securities Premium Account.
Any amounts standing to the credit of the Securities Premium Account may also be utilised, other than for capitalisation, for any purposes in accordance with the provisions of law.
5. Reduction in the paid up share capital of the Company from Rs 19,99,83,000/- divided into 1,99,98,300 Equity shares of Rs 10 each to Rs 4,99,95,750/- divided into 1,99,98,300 Equity Shares of Rs 2.50 each and that such reduction be effected by cancelling capital to the extent of Rs 7.50 per Equity shares i.e. Rs 14,99,87,250/- in respect of 1,99,98,300 fully paid up Equity shares of Rs 10/- each and by reducing the nominal amount of all the shares in the Companys capital from Rs 10/ each to Rs 2.5 per Equity Share.
1. Adoption of the Audited Balance Sheet as on March 31, 2007, along with Directors Report and Auditors Report thereon.
2. Re-appointment of Shri. Mukund S Modi as a Director of the Company.
3. Re-appointment of M/s. Rakesh J Shukla & Associates, Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this meeting until the conclusion of next Annual General Meeting of the Company, on remuneration, terms & conditions.
4. Alteration in the Articles of Association of the Company as follows:
After the existing Article 2, the following Article 2A be inserted, namely:Reduction of Capital etc.
2A. The Company may, by a Special Resolution, reduce in any manner, subject to any authorizations and approvals required under law:
I. its share capital;
II. any Capital Redemption Reserve Fund; or
III. any Securities Premium Account.
Any amounts standing to the credit of the Securities Premium Account may also be utilised, other than for capitalisation, for any purposes in accordance with the provisions of law.
5. Reduction in the paid up share capital of the Company from Rs 19,99,83,000/- divided into 1,99,98,300 Equity shares of Rs 10 each to Rs 4,99,95,750/- divided into 1,99,98,300 Equity Shares of Rs 2.50 each and that such reduction be effected by cancelling capital to the extent of Rs 7.50 per Equity shares i.e. Rs 14,99,87,250/- in respect of 1,99,98,300 fully paid up Equity shares of Rs 10/- each and by reducing the nominal amount of all the shares in the Companys capital from Rs 10/ each to Rs 2.5 per Equity Share.
Kanohar Electricals - Outcome Of AGM
Kanohar Electricals Ltd has informed that the members at the 35th Annual General Meeting (AGM) of the Company held on August 28, 2007, inter alia, have accorded to the following:
1. Adoption of the audited Balance Sheet as at March 31, 2007 and Profit and Loss Account for the year ended on that date together with reports of Auditors and Directors thereon.
2. Re-appointment of Shri. Dinesh Singhal & Shri. Adesh Singhal as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. S S Gupta & Co., Chartered Accountants, Meerut, 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.
4. Appointment and fixing of remuneration of Shri. Kanohar Lal Singhal, Shri. Adesh Singhal and Shri. Brijesh Singhal as Whole Time Directors of the Company for a period of 3 years with effect from June 01, 2007, on terms & Conditions.
5. Appointment and fixing of remuneration of Shri. Dinesh Singhal as Managing Director of the Company for a period of 3 years with effect from June 01, 2007, on terms & Conditions.
6. Authority to the Board for borrowing any sum or sums from time to time for the purpose of the business of the Company, not withstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in the ordinary course of business) upto 200,00,00,000/- . As outstanding at any time and from time to time in excess of its paid up capital and free reserves not set apart for specific purpose.
1. Adoption of the audited Balance Sheet as at March 31, 2007 and Profit and Loss Account for the year ended on that date together with reports of Auditors and Directors thereon.
2. Re-appointment of Shri. Dinesh Singhal & Shri. Adesh Singhal as Directors of the Company, liable to retire by rotation.
3. Re-appointment of M/s. S S Gupta & Co., Chartered Accountants, Meerut, 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.
4. Appointment and fixing of remuneration of Shri. Kanohar Lal Singhal, Shri. Adesh Singhal and Shri. Brijesh Singhal as Whole Time Directors of the Company for a period of 3 years with effect from June 01, 2007, on terms & Conditions.
5. Appointment and fixing of remuneration of Shri. Dinesh Singhal as Managing Director of the Company for a period of 3 years with effect from June 01, 2007, on terms & Conditions.
6. Authority to the Board for borrowing any sum or sums from time to time for the purpose of the business of the Company, not withstanding that the moneys to be borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in the ordinary course of business) upto 200,00,00,000/- . As outstanding at any time and from time to time in excess of its paid up capital and free reserves not set apart for specific purpose.
Ficon Lease - Outcome Of AGM
Ficon Lease & Finance Ltd has informed that the members at the 13th Annual General Meeting (AGM) of the Company held on August 27, 2007, inter alia, have accorded to the following:
(i) Adoption of the Audited Profit & Loss Account for the year ended on March 31, 2007, Balance Sheet as on that date, the Directors Report and the Auditors Report thereon.
(ii) Re-appointment of Mr. Shailesh L Patel & Mr. Amrish J Patel as Directors of the Company.
(iii) Re-appointment of M/s. P Doshi & Associates, Chartered Accountants, Ahmedabad, 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.
(iv) Alternation in the Memorandum and Association of the Company by incorporating sub- clause nos.3 to 5 under, after the existing sub-clause No. 2 in Part A of the Main Objects of Clause III of the Memorandum of Association.
1. To carry on the business as builders, property developers, civil, mechanical and labour contractors, building and erection engineers, dealers in, importers, exporters and manufacturers of prefabricated and pre-cast houses, materials, tools, implements, machinery and metal ware in connection therewith or incidental thereto and to carry on any other business that is customarily, usually and conveniently carried on therewith in or outside India and to purchase, acquire, take on lease or in exchange or in any other lawful manner any area, land, building, structures and to turn the same into account, develop the same and dispose off or maintain the same.
2. To carry on the business of development of hi-technology industrial parks, residential townships, vocational training centers, leisure parks, convention centres and development of other infra structural facilities and to act as technical consultants and advisors in all matters relating to rural and urben infrastructural development.
(i) Adoption of the Audited Profit & Loss Account for the year ended on March 31, 2007, Balance Sheet as on that date, the Directors Report and the Auditors Report thereon.
(ii) Re-appointment of Mr. Shailesh L Patel & Mr. Amrish J Patel as Directors of the Company.
(iii) Re-appointment of M/s. P Doshi & Associates, Chartered Accountants, Ahmedabad, 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.
(iv) Alternation in the Memorandum and Association of the Company by incorporating sub- clause nos.3 to 5 under, after the existing sub-clause No. 2 in Part A of the Main Objects of Clause III of the Memorandum of Association.
1. To carry on the business as builders, property developers, civil, mechanical and labour contractors, building and erection engineers, dealers in, importers, exporters and manufacturers of prefabricated and pre-cast houses, materials, tools, implements, machinery and metal ware in connection therewith or incidental thereto and to carry on any other business that is customarily, usually and conveniently carried on therewith in or outside India and to purchase, acquire, take on lease or in exchange or in any other lawful manner any area, land, building, structures and to turn the same into account, develop the same and dispose off or maintain the same.
2. To carry on the business of development of hi-technology industrial parks, residential townships, vocational training centers, leisure parks, convention centres and development of other infra structural facilities and to act as technical consultants and advisors in all matters relating to rural and urben infrastructural development.
Synergy Multibase - Outcome Of AGM
Synergy Multibase Ltd has informed that the members at the 16th Annual General Meeting (AGM) of the Company held on August 27, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the period ended on that date, the Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Raj Kapur & Mr. Nosh Modi as Directors of the Company.
3. Appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company, for the purpose of audit of the Companys accounts, to hold office as such from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Re-appointment of Mr. Patrick Mcleod & Mr. Ish Budhiraja as Directors of the Company, liable to retire by rotation.
5. Changed of the name of the Company from Synergy Multibase Ltd to Multibase India Ltd, subject to the approval of the Central Government.
6. Appointment of Mr. Krishna H Joshi as Whole time Director for a period from June 08, 2006 to August 14, 2006 and also to his appointment as a Managing Director of the Company for a period of three years with effect from August 14, 2006, on terms & conditions.
1. Adoption of the Audited Balance Sheet as at March 31, 2007 and the Profit and Loss Account for the period ended on that date, the Reports of the Directors and Auditors thereon.
2. Re-appointment of Mr. Raj Kapur & Mr. Nosh Modi as Directors of the Company.
3. Appointment of Messrs. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company, for the purpose of audit of the Companys accounts, to hold office as such from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.
4. Re-appointment of Mr. Patrick Mcleod & Mr. Ish Budhiraja as Directors of the Company, liable to retire by rotation.
5. Changed of the name of the Company from Synergy Multibase Ltd to Multibase India Ltd, subject to the approval of the Central Government.
6. Appointment of Mr. Krishna H Joshi as Whole time Director for a period from June 08, 2006 to August 14, 2006 and also to his appointment as a Managing Director of the Company for a period of three years with effect from August 14, 2006, on terms & conditions.
Friday, August 31, 2007
Cheslind Textiles - Outcome Of Board Meeting
Cheslind Textiles Ltd has informed that Consequent to the implementation of Share Purchase Agreement dated March 19, 2007, entered by the promoters of the Company, other than TIDCO with M/s. RSWM Ltd and upon due completion of Open Offer resulting in RSWM Ltd acquiring 1,53,48,477 equity shares of Rs 10 each carrying 66.46% of voting rights in the Company, the transfer of management has taken place at the meeting of Board of Directors of the Company held on August 30, 2007 and the Company has thus become a subsidiary of RSWM Ltd.
Further the Company has informed that, the Board of Directors of the Company at its meeting held on August 30, 2007, has approved the following:
1. Appointment of Mr. Ravi Jhunjhunwala, Mr. Riju Jhunjhunwala, Mr. D P Mangal, Mr. G B Bagrodia and Mr. R K Nayar as Additional Directors of the Company to hold office till the ensuing Annual General Meeting of the Company.
2. Appointment at Mr. Ravi Jhunjhunwala as Chairman of the Company.
3. Appointment of Mr. R K Nayar as Managing Director of the Company.
4. Resignations of Mr. T N Arvind Reddy, Chairman, Mr. T N Anand Reddy, Managing Director, Dr. T N Vijayanarayana Reddy, Mr. K Jagdeesh Reddy, Mr. Prem Saigal and Mr. A K Nair, Directors of the Company.
Source : www.indian-commodity.com
Further the Company has informed that, the Board of Directors of the Company at its meeting held on August 30, 2007, has approved the following:
1. Appointment of Mr. Ravi Jhunjhunwala, Mr. Riju Jhunjhunwala, Mr. D P Mangal, Mr. G B Bagrodia and Mr. R K Nayar as Additional Directors of the Company to hold office till the ensuing Annual General Meeting of the Company.
2. Appointment at Mr. Ravi Jhunjhunwala as Chairman of the Company.
3. Appointment of Mr. R K Nayar as Managing Director of the Company.
4. Resignations of Mr. T N Arvind Reddy, Chairman, Mr. T N Anand Reddy, Managing Director, Dr. T N Vijayanarayana Reddy, Mr. K Jagdeesh Reddy, Mr. Prem Saigal and Mr. A K Nair, Directors of the Company.
Source : www.indian-commodity.com
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