JBF Industries Ltd has informed that High Court, Bombay, has approved merger of Microsynth Fabrics (India) Ltd with JBF Industries Ltd, vide its order dated October 23, 2008. Board of Directors of the Company has taken on record the same and approved the merged Profit and Loss Account and Balance Sheet for year ended March 31, 2008 in their meeting held on November 18, 2008.
Showing posts with label Board Meeting. Show all posts
Showing posts with label Board Meeting. Show all posts
Wednesday, November 19, 2008
Wednesday, October 8, 2008
S Kumars.Com - Board Meeting On Oct 13, 2008 - Oct 8, 2008
S Kumars.Com Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 13, 2008, regarding allotment of warrants on preferential basis as per special resolution passed by the members in Annual General Meeting held on September 30, 2008.
Monday, September 29, 2008
Mindtree - Outcome Of Board Meeting - Sep 29, 2008
MindTree Ltd has informed that the Board of Directors of the Company at its meeting held on September 26, 2008, inter alia, has approved the Scheme of Amalgamation of Aztecsoft Ltd with the Company.
The Board has approved the swap ratio as recommended by Pricewaterhouse Coopers Pvt Ltd and Adithya and Vishwas, Chartered Accountants and the Fair Opinion given by Karvy Investors Services Ltd, Category I Merchant Bankers.
The Swap Ratio approved by the Board is :
2 (two) equity share of MindTree Ld of Rs 10/- each, fully paid-up be allotted for every 11 (eleven) fully paid up equity shares of Rs 3/- each of Aztecsoft Ltd.
The Board has approved the swap ratio as recommended by Pricewaterhouse Coopers Pvt Ltd and Adithya and Vishwas, Chartered Accountants and the Fair Opinion given by Karvy Investors Services Ltd, Category I Merchant Bankers.
The Swap Ratio approved by the Board is :
2 (two) equity share of MindTree Ld of Rs 10/- each, fully paid-up be allotted for every 11 (eleven) fully paid up equity shares of Rs 3/- each of Aztecsoft Ltd.
Thursday, September 25, 2008
Binny - Outcome Of Board Meeting - Sep 25, 2008
Binny Ltd has informed that the Board of Directors of the Company at its meeting held on September 25, 2008, inter alia, has decided to demerge the Company into two or more Companies to enable the Companies to concentrate on their core business activities.
Further, the Board has also appointed valuers and consultants for arriving at the demerger ratio and preparation of a draft scheme of demerger, for obtaining the approval of the Board of Directors as well as legal and other regulatory authorities.
Further, the Board has also appointed valuers and consultants for arriving at the demerger ratio and preparation of a draft scheme of demerger, for obtaining the approval of the Board of Directors as well as legal and other regulatory authorities.
Tuesday, September 23, 2008
Nettlinx - Board Meeting On Sep 29, 2008 - Sep 23, 2008
Nettlinx Ltd has informed that a meeting of the Board of Directors of the Company will be held on September 29, 2008, inter alia, to consider and approve Amalgamation Scheme of M/s. Miguru Online Ltd, 64-9-2, 1st Floor, S B H Complex, Beside Eenadu, Patamata Lanka, Vijayawada - 520010 with Nettlinx Ltd, Hyderabad, subject to approval of Shareholders and Honourable High Court of Andhra Pradesh, Hyderabad
Wednesday, September 10, 2008
Maithan Alloys - Outcome Of Board Meeting - Sep 10, 2008
Maithan Alloys Ltd has informed that the Board of Directors of the Company at its meeting held on September 10, 2008, inter alia, has transacted the following:
1. The Board has approved the proposal to invest in its subsidiary Company for setting up a Ferro Alloys manufacturing unit in the State of Andhra Pradesh with an estimate project cost of Rs 275 crores.
2. The Board has approved the divestment of Companys shareholding in Purbanchal Cement Ltd.
3. The Board has decided to form another subsidiary to take up mines & minerals business
1. The Board has approved the proposal to invest in its subsidiary Company for setting up a Ferro Alloys manufacturing unit in the State of Andhra Pradesh with an estimate project cost of Rs 275 crores.
2. The Board has approved the divestment of Companys shareholding in Purbanchal Cement Ltd.
3. The Board has decided to form another subsidiary to take up mines & minerals business
Wednesday, August 20, 2008
Board Meeting Of Mewar Industries - Aug 20, 2008
Mewar Industries Ltd has informed that the Board of Directors of the Company at its meeting held on August 19, 2008, has decided to issue and allotment of 4000000 equity shares at Rs 10.81 per share including premium amount of Rs 0.81 per share and passed the following resolution.
pursuant to article 5 of the Articles of Association of the Company and other applicable provisions if any and in terms of the agreement between the company and the proposed allottees in respect of allotment of shares 4000000 Equity Shares of Rs 10 each be and is hereby allotted at a premium of Rs 0.81 per share on preferential basis to the following allottees after receiving all the necessary approvals.
1. Name of Allottee: M L Singhi & Associates (P) Ltd
No. of equity shares allotted: 1000000
2. Name of Allottee: Brahmaputra Finlease (P) Ltd
No. of equity shares allotted: 1000000
3. Name of Allottee: Brahmaputra Holdings (P) Ltd
No. of equity shares allotted: 1000000
4. Name of Allottee: Mr. Suresh Kumar Prithani
No. of equity shares allotted: 1000000.
pursuant to article 5 of the Articles of Association of the Company and other applicable provisions if any and in terms of the agreement between the company and the proposed allottees in respect of allotment of shares 4000000 Equity Shares of Rs 10 each be and is hereby allotted at a premium of Rs 0.81 per share on preferential basis to the following allottees after receiving all the necessary approvals.
1. Name of Allottee: M L Singhi & Associates (P) Ltd
No. of equity shares allotted: 1000000
2. Name of Allottee: Brahmaputra Finlease (P) Ltd
No. of equity shares allotted: 1000000
3. Name of Allottee: Brahmaputra Holdings (P) Ltd
No. of equity shares allotted: 1000000
4. Name of Allottee: Mr. Suresh Kumar Prithani
No. of equity shares allotted: 1000000.
Tuesday, August 19, 2008
Balaji Telefilms : Outcome Of Board Meeting - Aug 19 , 2008
Balaji Telefilms Ltd has informed that the Board of Directors of the Company at its meeting held on August 18, 2008, inter alia, has approved the following items:
Execution of an agreement (Agreement) by the Company with Star Group, Asian Broadcasting FZLLC. (ABF), and the promoters of the Company, Mr. Jeetendra Kapoor, Ms. Shobha Kapoor, Ms. Ekta Kapoor and Mr. Tusshar Kapoor (Promoters), whereby the parties have agreed to terminate in the manner specified in the Agreement, the various agreements entered into between the parties inter-se in August 2004 in relation to the acquisition by ABF of a total of 25.99% of the share capital in the Company. The agreements entered into between, the Company and Star, in April 2007, relating to the regional languages Joint Venture will also be terminated.
Pursuant to the Agreement, the Promoters are entitled to purchase, on their own account and / or through third, party(ies) nominated by them, the entire shareholding held by ABF in the Company for an average price of Rs 190/- (Rupees One Hundred and Ninety Only) per share, within, a period not exceeding 240 days. If the purchase does not take place within the prescribed period, ABF is entitled to sell its shares in the Company to any person other than a competitor of the Company.
The content supply agreements between Star and the Company for various shows produced by Company will be modified to remove the restrictions imposed upon the Company relating to exclusively on certain prime time slots.
The six existing shows produced by the Company and currently on air with Star Plus, will continue on terms mutually agreed upon by the two parties.
Execution of an agreement (Agreement) by the Company with Star Group, Asian Broadcasting FZLLC. (ABF), and the promoters of the Company, Mr. Jeetendra Kapoor, Ms. Shobha Kapoor, Ms. Ekta Kapoor and Mr. Tusshar Kapoor (Promoters), whereby the parties have agreed to terminate in the manner specified in the Agreement, the various agreements entered into between the parties inter-se in August 2004 in relation to the acquisition by ABF of a total of 25.99% of the share capital in the Company. The agreements entered into between, the Company and Star, in April 2007, relating to the regional languages Joint Venture will also be terminated.
Pursuant to the Agreement, the Promoters are entitled to purchase, on their own account and / or through third, party(ies) nominated by them, the entire shareholding held by ABF in the Company for an average price of Rs 190/- (Rupees One Hundred and Ninety Only) per share, within, a period not exceeding 240 days. If the purchase does not take place within the prescribed period, ABF is entitled to sell its shares in the Company to any person other than a competitor of the Company.
The content supply agreements between Star and the Company for various shows produced by Company will be modified to remove the restrictions imposed upon the Company relating to exclusively on certain prime time slots.
The six existing shows produced by the Company and currently on air with Star Plus, will continue on terms mutually agreed upon by the two parties.
Monday, August 18, 2008
Victory Projects : Outcome Of Board Meeting - Aug 18 , 2008
Victory Projects Ltd has informed that the Board of Directors of the Company at its meeting held on July 21, 2008, inter alia, has
1. Reviewed the cancellation of allotments which were supposed to have occurred on July 07, 2008.
2. The board took on record that the allotment of Share warrants slated for July 07, 2008 had to be abandoned due to technical issues.
3. The Board of Directors of the Company has decided that an identical number namely
60,00,000 equity share warrants convertible into equity shares on preferential basis be issued in accordance with SEBI-DIP Guidelines 2000 to the promoters and other selected independent subscribers.
4. The Board of Directors has decided to convene an Extra Ordinary General Meeting of the shareholders of the Company to be held on August 21, 2008 for obtaining the approval for the issue of the 60,00,000 equity share warrants convertible into equity shares on preferential basis to the investors at a price to be determined in accordance with SEBIs Guidelines on Preferential Issues, subject to necessary approvals.
1. Reviewed the cancellation of allotments which were supposed to have occurred on July 07, 2008.
2. The board took on record that the allotment of Share warrants slated for July 07, 2008 had to be abandoned due to technical issues.
3. The Board of Directors of the Company has decided that an identical number namely
60,00,000 equity share warrants convertible into equity shares on preferential basis be issued in accordance with SEBI-DIP Guidelines 2000 to the promoters and other selected independent subscribers.
4. The Board of Directors has decided to convene an Extra Ordinary General Meeting of the shareholders of the Company to be held on August 21, 2008 for obtaining the approval for the issue of the 60,00,000 equity share warrants convertible into equity shares on preferential basis to the investors at a price to be determined in accordance with SEBIs Guidelines on Preferential Issues, subject to necessary approvals.
Sumeet Industries : Outcome OF Board Meeting - Aug 18 , 2008
Sumeet Industries Ltd has informed that the Board of Directors of the Company at its meeting held on August 18, 2008, has taken place the following business:
- A class meeting of 6% Non-Convertible Preference Shareholders of the Company is convened on September 15, 2008, to approve the preponment of the redemption date.
- A class meeting of 6% Non-Convertible Preference Shareholders of the Company is convened on September 15, 2008, to approve the preponment of the redemption date.
Thursday, August 14, 2008
Board Meeting Of Indo Green - Aug 14 , 2008
Indo Green Projects Ltd has informed that the Board of Directors of the Company at its meeting held on August 13, 2008, inter alia, has approved the following:
1. Increase in Authorised Share Capital from Rs 5.50 Crores to Rs 10 Crores by creation 45,00,000 Redeemable Preference Shares subject to the shareholders approval at the ensuing Annual General Meeting.
2. Alteration in Clause V of Memorandum of Association for change in Authorised Share Capital subject to the shareholders approval at the ensuing Annual General Meeting.
3. Alteration in Article 3 of Articles of Association for change in Authorised Share Capital subject to the shareholders approval at the ensuing Annual General Meeting.
4. Borrowing in excess of paid up capital and reserve u/s 293(1)(d) of the Companies Act, 1956 subject to the shareholders approval at the ensuing Annual General Meeting.
5. Change of object of the Company and diversify activities in the field of Real Estate and Infrastructure Development and for that purpose to comply with Postal Ballot Rules.
6. Alteration in Articles of Association by inserting Article 4A for Buy-Back of shares, Article 180(i) for Dematerialization of Securities and Article 83A for Postal Ballot and amend Article 91(3) relating to Sitting fees to Directors for attending Board or Committee Meeting.
7. Appointment of Mrs. Divya Momaya, Practicing Company Secretary as Scrutinizer for Postal Ballot.
8. Calendar of Events for Postal Ballot.
9. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai as Statutory Auditor in casual vacancy caused by resignation of M/s. Vinod Kumar Jain & Co., Chartered Accountants, Mumbai subject to shareholders approval at the ensuing Annual General Meeting.
10. Appointment of Mr. R S Loona as an Additional Director with immediate effect.
11. Report with Corporate Governance Report and Management Discussion Analysis Report.
12. Approve Notice of 14th Annual General Meeting with Postal Ballot Form.
1. Increase in Authorised Share Capital from Rs 5.50 Crores to Rs 10 Crores by creation 45,00,000 Redeemable Preference Shares subject to the shareholders approval at the ensuing Annual General Meeting.
2. Alteration in Clause V of Memorandum of Association for change in Authorised Share Capital subject to the shareholders approval at the ensuing Annual General Meeting.
3. Alteration in Article 3 of Articles of Association for change in Authorised Share Capital subject to the shareholders approval at the ensuing Annual General Meeting.
4. Borrowing in excess of paid up capital and reserve u/s 293(1)(d) of the Companies Act, 1956 subject to the shareholders approval at the ensuing Annual General Meeting.
5. Change of object of the Company and diversify activities in the field of Real Estate and Infrastructure Development and for that purpose to comply with Postal Ballot Rules.
6. Alteration in Articles of Association by inserting Article 4A for Buy-Back of shares, Article 180(i) for Dematerialization of Securities and Article 83A for Postal Ballot and amend Article 91(3) relating to Sitting fees to Directors for attending Board or Committee Meeting.
7. Appointment of Mrs. Divya Momaya, Practicing Company Secretary as Scrutinizer for Postal Ballot.
8. Calendar of Events for Postal Ballot.
9. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, Mumbai as Statutory Auditor in casual vacancy caused by resignation of M/s. Vinod Kumar Jain & Co., Chartered Accountants, Mumbai subject to shareholders approval at the ensuing Annual General Meeting.
10. Appointment of Mr. R S Loona as an Additional Director with immediate effect.
11. Report with Corporate Governance Report and Management Discussion Analysis Report.
12. Approve Notice of 14th Annual General Meeting with Postal Ballot Form.
Thursday, July 10, 2008
Mewar Industries : Outcome Of Board Meeting - July 10, 2008
Mewar Industries Ltd has informed that the Board of Directors of the Company at its meeting held on July 09, 2008 has decided, subject to shareholders approvals and other statutory approvals as may be applicable, to increase authorized capital of the company and to issue shares on preferential allotment basis to respective allottees.
Evinix Accessories : Outcome of Board Meeting - July 10, 2008
Evinix Accessories Ltd has informed that the Board of Directors of the Company at its meeting held on July 09, 2008, inter alia, has approved the following:
1. Appointed Dr. A K Doshi and Dr. Deepak Malhotra as Additional (Independent) Directors of the Company.
2. Accepted the resignation of Mr. Piyush Gupta and Dr. Saiyed Muzaffar Ishtiaque, Independent Directors with immediate effect.
1. Appointed Dr. A K Doshi and Dr. Deepak Malhotra as Additional (Independent) Directors of the Company.
2. Accepted the resignation of Mr. Piyush Gupta and Dr. Saiyed Muzaffar Ishtiaque, Independent Directors with immediate effect.
Saturday, July 5, 2008
Vadilal Enterprises : Outcome Of Board Meeting - July 5, 2008
Vadilal Enterprises Ltd has informed that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has not recommended any Dividend on Equity Shares for the year ended on March 31, 2008.
Friday, July 4, 2008
Hikal : Outcome of Board Meeting - July 4, 2008
Hikal Ltd has informed that the Board of Directors of the Company at its meeting held on July 03, 2008, inter alia, has subject to necessary approvals and applicable provisions of law, decided to issue upto 13,60,000 Equity shares of Rs 10/- each on preferential basis to International Finance Corporation (IFC) by investing upto Rs 64.46 crores, in compliance with Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines 2000 and Companies Act, 1956.
Wednesday, July 2, 2008
Maytas Infra : Outcome Of Board Meeting - July 2, 2008
Maytas Infra Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, have also approved the following :
1. To issue Equity Shares under the Employee Stock Option Scheme to the Employees / Directors of the Company :- Subject to the approval of the shareholders at the ensuing Annual General Meeting theBoard has approved to grant the equity shares up to 3% of the paid-up capital of theCompany under the Employee Stock Option Scheme to the employees of the Company.
2. To issue Equity Shares under the Employee Stock Option Scheme to the Employees / Directors of the Subsidiary Companies :- Subject to the approval of the shareholders at the ensuing Annual General Meeting the Board has approved to grant the equity shares up to 3% of the paid-up capital of the Company under the Employee Stock Option Scheme to the employees of the Subsidiary Companies.
3. Re-appointment of Statutory Auditors of the Company :- Subject to the approval of the members of the Company, the Board of Directors have given their consent for the re-appointment of M/s S R Batliboi & Associates, Chartered Accountants, as Sole Statutory Auditors of the Company to hold office from conclusion of the ensuing Annual General Meeting until the conclusion of the next Annual General Meeting at such remuneration as may be determined by the Board of Directors of the Company.
4. To transfer the investments made in BOT / Infrastructure Development Companies to wholly owned subsidiary Company :- Subject to the approval of the lenders and other partners of the respective BOT / Infrastructure Development Companies, it is proposed to transfer investments along with other amounts i.e., Advances, Share Application Money etc. to Maytas Infra Assets Ltd (a wholly owned subsidiary of Maytas Infra Ltd) and / or such other existing or proposed subsidiary company/ies as may be deem fit on the date of transfer.
1. To issue Equity Shares under the Employee Stock Option Scheme to the Employees / Directors of the Company :- Subject to the approval of the shareholders at the ensuing Annual General Meeting theBoard has approved to grant the equity shares up to 3% of the paid-up capital of theCompany under the Employee Stock Option Scheme to the employees of the Company.
2. To issue Equity Shares under the Employee Stock Option Scheme to the Employees / Directors of the Subsidiary Companies :- Subject to the approval of the shareholders at the ensuing Annual General Meeting the Board has approved to grant the equity shares up to 3% of the paid-up capital of the Company under the Employee Stock Option Scheme to the employees of the Subsidiary Companies.
3. Re-appointment of Statutory Auditors of the Company :- Subject to the approval of the members of the Company, the Board of Directors have given their consent for the re-appointment of M/s S R Batliboi & Associates, Chartered Accountants, as Sole Statutory Auditors of the Company to hold office from conclusion of the ensuing Annual General Meeting until the conclusion of the next Annual General Meeting at such remuneration as may be determined by the Board of Directors of the Company.
4. To transfer the investments made in BOT / Infrastructure Development Companies to wholly owned subsidiary Company :- Subject to the approval of the lenders and other partners of the respective BOT / Infrastructure Development Companies, it is proposed to transfer investments along with other amounts i.e., Advances, Share Application Money etc. to Maytas Infra Assets Ltd (a wholly owned subsidiary of Maytas Infra Ltd) and / or such other existing or proposed subsidiary company/ies as may be deem fit on the date of transfer.
Jai Balaji : Outcome Of Board Meeting - July 2, 2008
Jai Balaji Industries Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has transacted the following:
1. Appointed Shri. S C Gupta as an Additional Director of the Company w.e.f. June 30, 2008.
2. Accepted the resignation tendered by Shri. Ashok Kumar Jaiswal from the office of the directors of the Company w.e.f. June 30, 2008.
3. Reconstituted the Audit Committee by appointing Shri. S C Gupta as the Chairman in place of Shri. Ashok Kumar Jaiswal.
4. Reconstituted the Remuneration Committee by appointing Shri. S C Gupta in place of Shri. Ashok Kumar Jaiswal.
1. Appointed Shri. S C Gupta as an Additional Director of the Company w.e.f. June 30, 2008.
2. Accepted the resignation tendered by Shri. Ashok Kumar Jaiswal from the office of the directors of the Company w.e.f. June 30, 2008.
3. Reconstituted the Audit Committee by appointing Shri. S C Gupta as the Chairman in place of Shri. Ashok Kumar Jaiswal.
4. Reconstituted the Remuneration Committee by appointing Shri. S C Gupta in place of Shri. Ashok Kumar Jaiswal.
Tuesday, July 1, 2008
ANG Auto : Outcome Of Board Meeting - July 1, 2008
ANG Auto Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has also taken on record public announcement for buyback of shares as placed before them.
Liberty Phosphate : Outcome Of Board Meeting - July 1, 2008
Liberty Phosphate Ltd has informed that the Board of Directors of the Company at its meeting held on June 30, 2008, inter alia, has decided to recommend 8% p.a. dividend from April 30, 2007 to March 31, 2008 on the 8% Non-convertible Cumulative Redeemable Preference Shares issued on April 30, 2007 and not to recommend any dividend on Equity Shares for the Financial Year 2007-08 to conserve the resources.
Monday, June 30, 2008
Indiabulls Retail Services : Outcome Of Board Meeting - June 30, 2008
Indiabulls Retail Services Ltd has informed that consequent to the resignation by M/s. Haribhakti & Co., the Statutory Auditors of the Company, the Board of Directors of the Company at its meeting held on June 27, 2008 have decided to obtain the approval of the Members of the Company through Postal Ballot pursuant to Section 192A of the Companies Act, 1956 (the Act) read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (the Rules) for the appointment of M/s. A Sardana & Co., Chartered Accountants, as Statutory Auditors of the Company to fill the vacancy caused by the resignation of M/s. Haribhakti & Co., Chartered Accountants, and to hold office for the remaining period till the conclusion of the ensuing Annual General Meeting of the Company.
Further, the Board of Directors of the Company, have approved the draft Postal Ballot Notice covering the aforesaid matter along with the relevant explanatory statement setting out the material facts and has appointed Mr. Sanjay Doshi, Practising Company Secretary, Mumbai, as scrutinizer for conducting the postal ballot process in a fair and transparent manner.
The duly completed Postal Ballot Form should reach the Scrutinizer on July 28, 2008. The results of the Postal 8allot will be declared any on Tuesday, the July 29, 2008.
Further, the Board of Directors of the Company, have approved the draft Postal Ballot Notice covering the aforesaid matter along with the relevant explanatory statement setting out the material facts and has appointed Mr. Sanjay Doshi, Practising Company Secretary, Mumbai, as scrutinizer for conducting the postal ballot process in a fair and transparent manner.
The duly completed Postal Ballot Form should reach the Scrutinizer on July 28, 2008. The results of the Postal 8allot will be declared any on Tuesday, the July 29, 2008.
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