GMR Infrastructure Ltd has informed that the Board of Directors of the Company at its meeting held on May 20, 2008, inter alia, has approved the proposal of Amalgamation of GMR Aviation Pvt Ltd with the Company and to widen the Objects clause of Memorandum of Association of the Company by including the aviation and other businesses.
Showing posts with label - Board Meeting. Show all posts
Showing posts with label - Board Meeting. Show all posts
Wednesday, May 21, 2008
Monday, May 5, 2008
Bharat Bhushan Share Informed BOD Of Company At Meeting
Bharat Bhushan Share & Commodity Brokers Ltd has informed that the Board of Directors(BOD) of the Company at its meeting held on May 02, 2008, has not made any appointment of Independent Director.
Further the Company has informed that the meeting of Audit Committee of the Board of Directors scheduled to be held on May 02, 2008, has been adjourned sine day for want of quorum.
Further the Company has also informed that the Board of Directors of the Company has for the time being deferred its pronouncement for the issue of further shares of the Company on rights basis, due to adverse market conditions.
Further the Company has informed that the meeting of Audit Committee of the Board of Directors scheduled to be held on May 02, 2008, has been adjourned sine day for want of quorum.
Further the Company has also informed that the Board of Directors of the Company has for the time being deferred its pronouncement for the issue of further shares of the Company on rights basis, due to adverse market conditions.
Friday, April 25, 2008
Allcargo Global - Outcome Of Board Meeting
Allcargo Global Logistics Ltd has informed that the Board of Directors of the Company
at their meeting held on April 24, 2008, inter alia, has considered and approved the following :
1. Divestment of shareholding of ACM Lines (Pty) Ltd, an Associate Company, in favour of F.T. International, the wholly owned subsidiary Company.
2. Divestment of shareholding of ECU Hold N.V., the subsidiary of the Company, in favour of Allcargo Belgium N.V, the wholly owned subsidiary of the Company.
at their meeting held on April 24, 2008, inter alia, has considered and approved the following :
1. Divestment of shareholding of ACM Lines (Pty) Ltd, an Associate Company, in favour of F.T. International, the wholly owned subsidiary Company.
2. Divestment of shareholding of ECU Hold N.V., the subsidiary of the Company, in favour of Allcargo Belgium N.V, the wholly owned subsidiary of the Company.
Thursday, April 24, 2008
Orbit Exports - Outcome Of Board Meeting
Orbit Exports Ltd has informed that the Board of Directors of the Company at its meeting held on April 22, 2008, inter alia, to consider the following :
1. Issue of 350000 shares of Rs 10/- each at a price of Rs 32.15 per share and 1000000 warrants of Rs 10/- each (Convertible into 1000000 Equity Shares at a price of Rs 32.15 per warrant) on preferential basis as per SEBI (DIP) Guidelines 2000 to the Promoters
a. Pankaj Seth : 175000 shares and 500000 warrants
b. Anisha Seth : 175000 shares and 500000 warrants
2. To issue of 3000000 warrants of Rs 10/- each (Convertible into 3000000 Equity Shares at a price of Rs 32.15 per warrant) on preferential basis as per SEBI (DIP) Guidelines 2000 to the Strategic Investors.
a. Ms. Ritu Jain 500000 warrants
b. Newvenue Multitrade Pvt Ltd: 1200000 warrants
c. Mediaman Multitrade pvt Ltd: 1300000 warrants
The proposed Allottees have agreed to exercising their Rights to subscribe in equity Shares on conversion of warrants as under :
A. Promoter :-
1. Pankaj Seth
- At any time during the Financial year 2008-09 : 250000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : 250000
2. Anisha Seth
- At any time during the Financial year 2008-09 : 250000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : 250000
B. Non Promoter Group (Strategic Investor) :
1. Ms. Ritu Jain
- At any time during the Financial year 2008-09 : 500000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : --
2. Newvenue Multitrade Pvt Ltd
- At any time during the Financial year 2008-09 : 1200000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : --
3. Mediaman Multitrade pvt Ltd
- At any time during the Financial year 2008-09 : 1300000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : --
The above Resolution discussed and approved by the Board of Directors of the Company and shares and Warrants mentioned above have allotted to above allottees for which Stock Exchange permission has already received. Further Company has already received full amount against shares and 10% against warrants.
1. Issue of 350000 shares of Rs 10/- each at a price of Rs 32.15 per share and 1000000 warrants of Rs 10/- each (Convertible into 1000000 Equity Shares at a price of Rs 32.15 per warrant) on preferential basis as per SEBI (DIP) Guidelines 2000 to the Promoters
a. Pankaj Seth : 175000 shares and 500000 warrants
b. Anisha Seth : 175000 shares and 500000 warrants
2. To issue of 3000000 warrants of Rs 10/- each (Convertible into 3000000 Equity Shares at a price of Rs 32.15 per warrant) on preferential basis as per SEBI (DIP) Guidelines 2000 to the Strategic Investors.
a. Ms. Ritu Jain 500000 warrants
b. Newvenue Multitrade Pvt Ltd: 1200000 warrants
c. Mediaman Multitrade pvt Ltd: 1300000 warrants
The proposed Allottees have agreed to exercising their Rights to subscribe in equity Shares on conversion of warrants as under :
A. Promoter :-
1. Pankaj Seth
- At any time during the Financial year 2008-09 : 250000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : 250000
2. Anisha Seth
- At any time during the Financial year 2008-09 : 250000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : 250000
B. Non Promoter Group (Strategic Investor) :
1. Ms. Ritu Jain
- At any time during the Financial year 2008-09 : 500000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : --
2. Newvenue Multitrade Pvt Ltd
- At any time during the Financial year 2008-09 : 1200000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : --
3. Mediaman Multitrade pvt Ltd
- At any time during the Financial year 2008-09 : 1300000
- At any time during the financial year 2009-10 but on or before 18 months from the date of allotment of warrants : --
The above Resolution discussed and approved by the Board of Directors of the Company and shares and Warrants mentioned above have allotted to above allottees for which Stock Exchange permission has already received. Further Company has already received full amount against shares and 10% against warrants.
Tuesday, April 22, 2008
Autolite India - Outcome Of Board Meeting
Autolite India Ltd has informed that the Board of Directors of the Company at its meeting held on April 21, 2008, inter alia, has taken the following decision:
1. Approve the allotment of 10,00,000 Equity Shares and 24,50,000 Warrants convertible into equity shares for which In-principal approval was obtained from Stock Exchange.
2. The allotment is done as under:
(a) 250,000 Equity shares to Mr. Adit G Mehta, 250,000 Equity Shares to Ms. Kavita Ajmera, 250,000 Equity Shares to M/s Rasmani Capital Markets Pvt Ltd, 100,000 Equity Shares to M/s Ashmavir Finance Pvt Ltd, 84,000 Equity shares to M/s Puja Agencies Pvt Ltd, 25,000
Equity Shares to Fritz DSilva, 25,000 Equity Shares to Ms. Hansa Tirodkar, 16,000 Equity shares to Mr. Hemant Sharma aggregating to 10,00,000 Equity shares.
(b) 800,000 warrants to Autopal Glass Pvt Ltd, 800,000 Warrants to Autopal Marketing Pvt Ltd and 850,000 Warrants to Autolite Manufacturing Ltd aggregating to 24,50,000
Warrants convertible into Equity shares.
1. Approve the allotment of 10,00,000 Equity Shares and 24,50,000 Warrants convertible into equity shares for which In-principal approval was obtained from Stock Exchange.
2. The allotment is done as under:
(a) 250,000 Equity shares to Mr. Adit G Mehta, 250,000 Equity Shares to Ms. Kavita Ajmera, 250,000 Equity Shares to M/s Rasmani Capital Markets Pvt Ltd, 100,000 Equity Shares to M/s Ashmavir Finance Pvt Ltd, 84,000 Equity shares to M/s Puja Agencies Pvt Ltd, 25,000
Equity Shares to Fritz DSilva, 25,000 Equity Shares to Ms. Hansa Tirodkar, 16,000 Equity shares to Mr. Hemant Sharma aggregating to 10,00,000 Equity shares.
(b) 800,000 warrants to Autopal Glass Pvt Ltd, 800,000 Warrants to Autopal Marketing Pvt Ltd and 850,000 Warrants to Autolite Manufacturing Ltd aggregating to 24,50,000
Warrants convertible into Equity shares.
Friday, April 18, 2008
Moschip Semiconductor - Outcome Of Board Meeting
Moschip Semiconductor Technology Ltd has informed that the Board of Directors of the Company vide Circular Resolution dated April 17, 2008 has decided to call off the Extra Ordinary General Meeting (EGM) which was earlier scheduled to be held on May 14, 2008 to consider issue of shares on preferential basis to non-promoter due to the decision of the Board to reconsider / put on hold its approval for issuance of warrants for the time being.
Chandni Textiles - Outcome Of Board Meeting
Chandni Textiles Ltd has informed that the Board of Directors of the Company at its meeting held on April 15, 2008, inter alia, has approved Notice for Postal Ballot in respect of sale of only the Premises being Plots of Land with Factory Building thereon.
The issue of warrants to Bodies Corporates / HNIs on Preferential Allotment basis has been deferred.
The issue of warrants to Bodies Corporates / HNIs on Preferential Allotment basis has been deferred.
Wipro - Outcome Of Board Meeting
Wipro Ltd has informed that the Board of Directors of the Company at its meeting held on April 18, 2008, inter alia, have inducted the following Senior Management personnel into the Board of Directors with immediate effect:
(a) Mr. Girish S Paranjpe Joint CEO, IT Business and Director
(b) Mr. Suresh Vaswani Joint CEO, IT Business and Director
(c) Mr. Suresh C Senapaty Chief Financial Officer & Director.
(a) Mr. Girish S Paranjpe Joint CEO, IT Business and Director
(b) Mr. Suresh Vaswani Joint CEO, IT Business and Director
(c) Mr. Suresh C Senapaty Chief Financial Officer & Director.
Deccan Aviation - Outcome Of Board Meeting
Deccan Aviation Ltd has informed that the Board of Directors of the Company at its meeting held on April 17, 2008, has considered the letters received from Capt G R Gopinath, Capt K J Samuel and Mr. Vishnu Singh Rawal requesting to be declassified from Promoter / Promoter Group category of the Company, and inter alia, approved the following:
1. That the name of Capt G R Gopinath, Director shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities. etc., or with the shareholders, the name of Capt G R Gopinath shall not be included in the Promoter / Promoter Group of the Company.
2. That the name of Capt K J Samuel, Director shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filing with the Stock Exchanges / other statutory authorities etc., or with the shareholders, the name of Capt K J Samuel, Director shall not be included in the Promoter / Promoter Group of the Company.
3. That the name of Mr. Vishnu Singh Rawal, shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities, etc., or with the shareholders, the name of Mr. Vishnu Singh Rawal shall not be included in the Promoter / Promoter Group of the Company.
1. That the name of Capt G R Gopinath, Director shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities. etc., or with the shareholders, the name of Capt G R Gopinath shall not be included in the Promoter / Promoter Group of the Company.
2. That the name of Capt K J Samuel, Director shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filing with the Stock Exchanges / other statutory authorities etc., or with the shareholders, the name of Capt K J Samuel, Director shall not be included in the Promoter / Promoter Group of the Company.
3. That the name of Mr. Vishnu Singh Rawal, shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges / other statutory authorities, etc., or with the shareholders, the name of Mr. Vishnu Singh Rawal shall not be included in the Promoter / Promoter Group of the Company.
Thursday, April 17, 2008
Vax Housing - Outcome Of Board Meeting
Vax Housing Finance Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on April 04, 2008, has decided to transfer, deal, assign, part with the possession, ownership, rights, mortgage, lease, sell, alienate, hypothecate, conveyance, dispose of whether part or whole of assets / fixed assets of the Company by passing ordinary resolution, through postal ballot by following the procedure prescribed under the Companies Act, 1956.
R Systems International - Board Meeting On Apr 25, 2008
R Systems International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 25, 2008, inter alia, to transact the following business:
1. To consider and approve the audited financial results of the Company and the unaudited consolidated financial results for the quarter ended March 31, 2008.
2. To consider and approve an additional investment in / loan up to US$ 1 million in R Systems Solutions, Inc., a wholly owned subsidiary of the Company.
2. To consider and approve an additional investment in / loan up to US$ 1 million in R Systems Solutions, Inc., a wholly owned subsidiary of the Company.
Comp U Learn - Outcome Of Board Meeting
Comp U Learn Tech India Ltd has informed that the Board of Directors of the Company at its meeting held on April 16, 2008 has approved the issue and allotment on a preferential basis of 30,00,000 (Thirty Lakhs) equity shares of a face value of Rs 10/-each and 35,00,000 convertible equity share warrants with an option to subscribe to one equity share of Rs 10/- each to other than promoters.
Wednesday, April 16, 2008
First Leasing - Outcome Of Board Meeting
First Leasing Company of India Ltd has informed that the Board of Directors of the Company at its meeting held on April 15, 2008, has re-appointed Mr. Farouk Irani as Managing Director of the Company for a further period of 5 years with effect from June 18, 2008, subject to approval of the Shareholders of the Company.
Selan Exploration - Outcome Of Board Meeting
Selan Exploration Technology Ltd has informed that the Board of Directors of the Company at its meeting held on April 15, 2008 has approved a preferential allotment of upto 18,00,000 Zero Coupon convertible warrants at a price of Rs 165/- per warrants carrying a right to subscribe to equal number of equity shares in the Company on conversion within a period of 18 months from the date of allotment, in cash aggregating to Rs 29,70,00,000 to a combination of members, promoters and Person Acting in Concert, at a price of Rs 165/- per warrant(computed in accordance with SBI DIP Guidelines).
Sanghvi Movers - Outcome Of Board Meeting
Sanghvi Movers Ltd has informed that the Board of Directors of the Company at its meeting held on April 15, 2008 has approved Expansion Plan of Rs 250 Crores for the financial year 2008-09 which will be funded partly out of debt and partly out of internal accruals.
Tuesday, April 15, 2008
Panama Petrochem - Outcome Of Board Meeting
Panama Petrochem Ltd has informed that the Board of Directors of the Company at its meeting held on April 14, 2008, has approved the draft Scheme of Arrangement being Composite Scheme of De-merger and Amalgamation for (a) De-merger of securities Investment business of Mobil Petrochem Pvt Ltd into Ittefaq Ice and Cold Storage Company Pvt Ltd; and (b) Amalgamation of Mobil Petrochem Pvt Ltd (after proposed de-merger) with Panama Petrochem Ltd. The following share exchange is approved for the proposed de merger/amalgamation:
1. De-merger of the securities in business of Mobil Petrochem Pvt Ltd into Ittefag Ice and Cold Storage Co. Pvt Ltd
- 1 equity share of Ittefaq Ice and Cold Storage Co. Pvt Ltd for every 6 equity shares held in Mobil Petrochem Pvt Ltd
2. Amalgamation of Mobil Petrochem Pvt Ltd with Panama Petrochem Ltd
- 1 equity share of Panama Petrochem Ltd for every 2 equity shares held in Mobil Petrochem Pvt Ltd
The decision of the Board of Directors is subject to subsequent approval of the Members of these Companies, concerned High Courts and other competent authorities, if any.
1. De-merger of the securities in business of Mobil Petrochem Pvt Ltd into Ittefag Ice and Cold Storage Co. Pvt Ltd
- 1 equity share of Ittefaq Ice and Cold Storage Co. Pvt Ltd for every 6 equity shares held in Mobil Petrochem Pvt Ltd
2. Amalgamation of Mobil Petrochem Pvt Ltd with Panama Petrochem Ltd
- 1 equity share of Panama Petrochem Ltd for every 2 equity shares held in Mobil Petrochem Pvt Ltd
The decision of the Board of Directors is subject to subsequent approval of the Members of these Companies, concerned High Courts and other competent authorities, if any.
Gujarat Investa - Outcome of Board Meeting
Gujarat Investa Ltd has informed that the Board of Directors of the Company at its meeting held on April 14, 2008, inter alia, has considered and taken on records the following:
1. Issue of shares on Preferential Basis.
2. Holding of an Extra Ordinary General Meeting to give effect to above on May 15, 2008 and approval of Extra Ordinary General Meeting for the same.
1. Issue of shares on Preferential Basis.
2. Holding of an Extra Ordinary General Meeting to give effect to above on May 15, 2008 and approval of Extra Ordinary General Meeting for the same.
LN Polyesters - Outcome Of Board Meeting
LN Polyesters Ltd has informed that the Board of Directors of the Company at its meeting held on April 14, 2008, have approved the extension of the financial year by three months i.e. from March 31, 2008 to June 30, 2008.
Saturday, April 12, 2008
Beckons Industries - Outcome Of Board Meeting
Beckons Industries Ltd has informed that the Board of Directors of the Company at its meeting held on April 11, 2008, has discussed and resolved to allot 255700 Equity Shares on preferential basis to promoters and 1650000 Convertible Warrants to others, as per detail given below:
1. Shri. Jasjot Singh - 200000 Equity Shares
2. Smt. Amrit Kaur - 55700 Equity Shares
3. Ms. Surbhi Gulsia (Sole Prop M/s. Vista Developers) - 150000 Convertible Warrants
4. Mr. Arvind Gulsia - 150000 Convertible Warrants
5. Mrs. Gurvinder Kaur - 150000 Convertible Warrants
6. Mr. Gurcharan Singh - 150000 Convertible Warrants
7. Mr. Rajiv Agarwal - 400000 Convertible Warrants
8. M/s. Eagle Computer Forms Pvt Ltd - 650000 Convertible Warrants.
1. Shri. Jasjot Singh - 200000 Equity Shares
2. Smt. Amrit Kaur - 55700 Equity Shares
3. Ms. Surbhi Gulsia (Sole Prop M/s. Vista Developers) - 150000 Convertible Warrants
4. Mr. Arvind Gulsia - 150000 Convertible Warrants
5. Mrs. Gurvinder Kaur - 150000 Convertible Warrants
6. Mr. Gurcharan Singh - 150000 Convertible Warrants
7. Mr. Rajiv Agarwal - 400000 Convertible Warrants
8. M/s. Eagle Computer Forms Pvt Ltd - 650000 Convertible Warrants.
Friday, April 11, 2008
Infotrek Syscom - Outcome Of Board Meeting
Infotrek Syscom Ltd has informed that the Board of Directors of the Company at its meeting held on April 10, 2008, has considered and decided as below:
1. The Board resolved to convert, in accordance with the terms of issue 600,000 warrants issued to Bennett, Coleman & Co. Ltd into 600,000 Equity Shares of face value of Rs.10/- each of a premium of Rs. 80 per shares as fully paid Equity Shares.
2. The Board ratified the allotment of 1,900,000 warrants to First Online Comtrades Private Ltd as done by the Compliance Committee of the Director at their meeting held on March 29, 2008.
3. The Board took on record the MOU signed by the Company with the Madhya Pradesh Trade and Investment Facilitation Corporation Ltd (TRIFAC) a wholly owned Undertaking of Govt. of Madhya Pradesh for setting up recycling plants in Madhya Pradesh for plastic & electronic waste. On implementation of the above projects in the different States of India, the Company would be the only multi-location e-waste management (WEEE)Company in India.
4. The Bound of the Company welcomes announcement of the Guidelines for Environmentally Sound Management of E-waste by the Central Pollution Control Board (CPCB), New Delhi. On effective implementation of the above Guidelines, business of electronic waste recycling will grow by leaps and bounds in India. This will help in improving environmental conditions & ecological balance. This will also help generator of electronic waste especially large Corporate in complying Corporate Social Responsibility (CSR) by taking help of modern recycling facilities like of Eco Recycling Ltd (a subsidiary of the Company).
1. The Board resolved to convert, in accordance with the terms of issue 600,000 warrants issued to Bennett, Coleman & Co. Ltd into 600,000 Equity Shares of face value of Rs.10/- each of a premium of Rs. 80 per shares as fully paid Equity Shares.
2. The Board ratified the allotment of 1,900,000 warrants to First Online Comtrades Private Ltd as done by the Compliance Committee of the Director at their meeting held on March 29, 2008.
3. The Board took on record the MOU signed by the Company with the Madhya Pradesh Trade and Investment Facilitation Corporation Ltd (TRIFAC) a wholly owned Undertaking of Govt. of Madhya Pradesh for setting up recycling plants in Madhya Pradesh for plastic & electronic waste. On implementation of the above projects in the different States of India, the Company would be the only multi-location e-waste management (WEEE)Company in India.
4. The Bound of the Company welcomes announcement of the Guidelines for Environmentally Sound Management of E-waste by the Central Pollution Control Board (CPCB), New Delhi. On effective implementation of the above Guidelines, business of electronic waste recycling will grow by leaps and bounds in India. This will help in improving environmental conditions & ecological balance. This will also help generator of electronic waste especially large Corporate in complying Corporate Social Responsibility (CSR) by taking help of modern recycling facilities like of Eco Recycling Ltd (a subsidiary of the Company).
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