Martin Burn Ltd has informed that the Board of Directors of the Company at its meeting held on September 07, 2007, inter alia, has approved the issue of 9,96,141 equity shares warrants on preferential basis to a group of Strategic Investors whether or not they are members of the Company, in accordance with Chapter XIII of the SEBI (DIP) Guidelines, 2000, with each warrant being convertible into one equity share of the Company of nominal value of Rs 10/- each within a period of 18 months from the date of its allotment at a price not lower than the one determined as per the above mentioned guidelines and on such terms and conditions as the Board may deem appropriate in its absolute discretion.
Further the Company has informed that an Extra Ordinary General Meeting of the Shareholders of the Company pursuant to section 81(1A) and other relevant provisions of the Companies Act & other rules & regulations, shall be held shortly for approval of the above.
Friday, September 7, 2007
Noble Explochem - Outcome Of Board Meeting
Noble Explochem Ltd has informed that the Board of Directors of the Company at its meeting held on September 06, 2007, has approved the proposal to issue following securities to investors on Preferential Basis by Private Placement as per the SEBI Guidelines 2000:
1. Upto 90,00,000 Equity Shares of Rs 10/- each at a price of Rs 14.50 each share.
2. Upto 90,00,000 Warrants of Rs 10/- each at a price of Rs 14.50 each and each warrant convertible into one equity shares of Rs 10/- each.
Further, the Company has informed that, the Board has also convened an Extra Ordinary General Meeting of the Members on October 01, 2007, to consider, among others, the aforesaid proposal of issuance of securities on Preferential Basis.
1. Upto 90,00,000 Equity Shares of Rs 10/- each at a price of Rs 14.50 each share.
2. Upto 90,00,000 Warrants of Rs 10/- each at a price of Rs 14.50 each and each warrant convertible into one equity shares of Rs 10/- each.
Further, the Company has informed that, the Board has also convened an Extra Ordinary General Meeting of the Members on October 01, 2007, to consider, among others, the aforesaid proposal of issuance of securities on Preferential Basis.
Southern Ispat - Outcome Of Board Meeting
Southern Ispat Ltd has informed that the Board of Directors of the Company at its meeting held on September 06, 2007, has resolved that 55 lakhs Share Warrants at the rate of Rs 1.02 (1/10th of the value of the Equity Shares to be allotted on exercise of option within six months from the date of allotment of the Share Warrants) against which the full subscription amount has been received, be and is hereby allotted as per list placed before the meeting duly initialled by the Chairman for the purpose of identification.
resolved further that the Share Warrant holders should apply for equity shares by exercising their option within six months from the date of allotment of the Share Warrants.
resolved further that the Share Warrants certificates as per specimen duly initialled by the Chairman be and is hereby approved and the same be issued to the allottees of the share warrants.
resolved further that the Share Warrant holders should apply for equity shares by exercising their option within six months from the date of allotment of the Share Warrants.
resolved further that the Share Warrants certificates as per specimen duly initialled by the Chairman be and is hereby approved and the same be issued to the allottees of the share warrants.
Thursday, September 6, 2007
Visu International - Outcome Of EGM
Visu International Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 31, 2007, inter alia, have accorded to the following:
1. Increase in the Authorized Share Capital of the Company from Rs 52,00,00,000/- divided into 5,20,00,000 Equity Shares of Rs 10/- each, to Rs 100,00,00,000/- divided into 10,00,00,000 Equity Shares of Rs 10/- each, ranking pan passu with the existing equity shares & consequential amendments in the Memorandum of Association of the Company.
2. Authority to the Board of Directors of the Company to issue and allot, in the course of international offerings in one or more foreign markets, in the form and / or name of Global Depository Receipts or otherwise, equity shares and / or any securities convertible into equity shares at the option of the company and / or holder of the securities representing either Equity shares or convertible securities representing either Equity shares or convertible into equity shares (Securities) subscribed in foreign currency(ies) to foreign investors (Whether institutions and / or incorporated bodies and / or individuals or otherwise, and whether or not such investors are members of the Company), for (or which, upon conversion of all securities so issued or allotted, could give rise to the issue of) and upto an amount of USD 20 million and an aggregate number equity shares or such receipts or instruments equivalent to 50 million equity shares of Rs 10/- each including the over allotment option, if any, as decided by the company / underwriters, such issue and allotment to be made at such time or times, in such tranche or tranches, at such Price or Prices at a discount or premium to market price or prices, in such manner as the Board may, in its discretion think fit, in consultation with the lead manager and underwriters, and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions & approvals.
1. Increase in the Authorized Share Capital of the Company from Rs 52,00,00,000/- divided into 5,20,00,000 Equity Shares of Rs 10/- each, to Rs 100,00,00,000/- divided into 10,00,00,000 Equity Shares of Rs 10/- each, ranking pan passu with the existing equity shares & consequential amendments in the Memorandum of Association of the Company.
2. Authority to the Board of Directors of the Company to issue and allot, in the course of international offerings in one or more foreign markets, in the form and / or name of Global Depository Receipts or otherwise, equity shares and / or any securities convertible into equity shares at the option of the company and / or holder of the securities representing either Equity shares or convertible securities representing either Equity shares or convertible into equity shares (Securities) subscribed in foreign currency(ies) to foreign investors (Whether institutions and / or incorporated bodies and / or individuals or otherwise, and whether or not such investors are members of the Company), for (or which, upon conversion of all securities so issued or allotted, could give rise to the issue of) and upto an amount of USD 20 million and an aggregate number equity shares or such receipts or instruments equivalent to 50 million equity shares of Rs 10/- each including the over allotment option, if any, as decided by the company / underwriters, such issue and allotment to be made at such time or times, in such tranche or tranches, at such Price or Prices at a discount or premium to market price or prices, in such manner as the Board may, in its discretion think fit, in consultation with the lead manager and underwriters, and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions & approvals.
Bihar Caustic - Outcome Of AGM
Bihar Caustic & Chemicals Ltd has informed that the members at the 31st Annual General Meeting (AGM) of the Company held on August 11, 2007, inter alia, have accorded the following:
1. Adoption of the Audited Balance Sheet of the Company as on March 31, 2007 and the Profit & Loss account for the year ended on that date together with the Directors and the Auditors Reports thereon.
2. Declaration of Dividend @ 15% on the paid-up equity share capital of the Company for the year ended March 31, 2007.
3. Re-appointment of Shri. Biswajit Chaudhuri & Shri. P P Sharma, as Directors of the Company.
4. Re-appointment of M/s. M L Sharma & Co., Chartered Accountants, Mumbai as the Statutory 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.
5. Appointment of Shri. Jagdish Chandar Chopra as a Director of the Company, liable to retire by rotation.
6. Appointment of Shri. S S Gupta as a Director of the Company.
7. Appointment of Shri. S S Gupta, as Managing Director of the Company for a period of 3 years effective from October 24, 2006, on remuneration, terms & conditions.
1. Adoption of the Audited Balance Sheet of the Company as on March 31, 2007 and the Profit & Loss account for the year ended on that date together with the Directors and the Auditors Reports thereon.
2. Declaration of Dividend @ 15% on the paid-up equity share capital of the Company for the year ended March 31, 2007.
3. Re-appointment of Shri. Biswajit Chaudhuri & Shri. P P Sharma, as Directors of the Company.
4. Re-appointment of M/s. M L Sharma & Co., Chartered Accountants, Mumbai as the Statutory 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.
5. Appointment of Shri. Jagdish Chandar Chopra as a Director of the Company, liable to retire by rotation.
6. Appointment of Shri. S S Gupta as a Director of the Company.
7. Appointment of Shri. S S Gupta, as Managing Director of the Company for a period of 3 years effective from October 24, 2006, on remuneration, terms & conditions.
Jhunjhunwala Vanaspati - Outcome Of Board Meeting
Jhunjhunwala Vanaspati Ltd has informed that the Board of Directors of the Company at its meeting held on September 05, 2007, inter alia, has transacted the following business for the approval of members at the Annual General Meeting of the Company to be held on September 29, 2007.
1. Recommended the dividend @ 15% for approval of members for the year ending on March 31, 2007.
2. Decided to obtain approval of members for re-appointment Shri. S K Dikshit and Shri. Mahesh Kedia, Directors retiring by rotation.
3. Decided to obtain approval of members for appointment of Mr. Adarsh Jhunjhunwala, Mr. Kanhaiya Lal Goenka and Mr. Shyam Poddar as regular director to retire by rotation. They being additional directors retires on the date of Annual General Meeting.
4. Recommended re-appointment of M/s. Garg & Company, Chartered Accountants as Auditors of the Company for the financial year 2007-08 and to hold office from the conclusion of this meeting until the conclusion of next Annual General Meeting.
5. Proposed to increase the authorised capital of the Company from Rs 17,55,00,000/- to Rs 22,55,00,000/-.
6. Decided to be authorised in AGM to raise an amount upto USD 30 Million by way of FCCBS / ADR / GDR or and other financial instruments as per requirement.
7. Decided to issue 70,00,000 warrants at a price of Rs 80 per warrant (including premium of Rs 70 each) convertible into equity on a preferential basis to the following persons:
i. M/s. Jhunjhunwala Gases (P) Ltd (Varanasi) - Promoter Group - 15,50,000 No of Warrants
ii. M/s. Nilambar Trexim & Credit (P) Ltd, (Kolkata) - Promoter Group - 9,50,000 No of Warrants
1. Recommended the dividend @ 15% for approval of members for the year ending on March 31, 2007.
2. Decided to obtain approval of members for re-appointment Shri. S K Dikshit and Shri. Mahesh Kedia, Directors retiring by rotation.
3. Decided to obtain approval of members for appointment of Mr. Adarsh Jhunjhunwala, Mr. Kanhaiya Lal Goenka and Mr. Shyam Poddar as regular director to retire by rotation. They being additional directors retires on the date of Annual General Meeting.
4. Recommended re-appointment of M/s. Garg & Company, Chartered Accountants as Auditors of the Company for the financial year 2007-08 and to hold office from the conclusion of this meeting until the conclusion of next Annual General Meeting.
5. Proposed to increase the authorised capital of the Company from Rs 17,55,00,000/- to Rs 22,55,00,000/-.
6. Decided to be authorised in AGM to raise an amount upto USD 30 Million by way of FCCBS / ADR / GDR or and other financial instruments as per requirement.
7. Decided to issue 70,00,000 warrants at a price of Rs 80 per warrant (including premium of Rs 70 each) convertible into equity on a preferential basis to the following persons:
i. M/s. Jhunjhunwala Gases (P) Ltd (Varanasi) - Promoter Group - 15,50,000 No of Warrants
ii. M/s. Nilambar Trexim & Credit (P) Ltd, (Kolkata) - Promoter Group - 9,50,000 No of Warrants
Pasupati Spinning - Outcome Of Board Meeting
Pasupati Spinning & Weaving Mills Ltd has informed that the Board of Directors of the Company at its meeting held on September 05, 2007, inter alia, has not recommended any dividend.
Further the Company has informed that, the 27th Annual General Meeting of the Company is proposed to be held on September 29, 2007.
Further the Company has informed that, the 27th Annual General Meeting of the Company is proposed to be held on September 29, 2007.
Godrej Industries - Outcome Of Board Meeting
Godrej Industries Ltd has informed that the Board of Directors of the Company at its meeting held on July 27, 2007, has approved the following businesses for which approval of shareholders by Postal Ballot is sought:
1. Further Issue of capital under Section 81 of the Companies Act, 1956, upto a sum of US $150 million if raised in US $ or Rs 600 Crore if raised in Indian Rupee or a combination thereof.
2. To invest in securities of and / or place Intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other form of debt to and / or Investment in Verseon LLC, under Section 372A of the Companies Act, upto a sum of Rs 5 Crore.
3. To invest in securities of and / or place intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other term of debt to and / or investment in Ensemble Holdings & Finance Ltd, under Section 372A of the Companies Act, upto sum of Rs 5 Crore.
4. To invest in securities of and / or place intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other form of debt to and / or investment in Avestha Gengraine Technologies Pvt Ltd, under Section 372A of the Companies Act, 1956, upto a sum of Rs 5 Crore.
5. Change in place of keeping registers and records.
1. Further Issue of capital under Section 81 of the Companies Act, 1956, upto a sum of US $150 million if raised in US $ or Rs 600 Crore if raised in Indian Rupee or a combination thereof.
2. To invest in securities of and / or place Intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other form of debt to and / or Investment in Verseon LLC, under Section 372A of the Companies Act, upto a sum of Rs 5 Crore.
3. To invest in securities of and / or place intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other term of debt to and / or investment in Ensemble Holdings & Finance Ltd, under Section 372A of the Companies Act, upto sum of Rs 5 Crore.
4. To invest in securities of and / or place intercorporate deposits with and / or invest in debentures of and / or give guarantee(s) to and / or make loans or any other form of debt to and / or investment in Avestha Gengraine Technologies Pvt Ltd, under Section 372A of the Companies Act, 1956, upto a sum of Rs 5 Crore.
5. Change in place of keeping registers and records.
Wednesday, September 5, 2007
Magma Shrachi - Outcome Of AGM
Magma Shrachi Finance Ltd has informed that the shareholders at the 27th Annual General Meeting (AGM) of the Company held on September 04, 2007, inter alia, have approved the following:
1. The Audited Profit and Loss Account for the year ended March 31, 2007, the Audited Balance Sheet as on that date together with the Reports of the Directors and Auditors thereon.
2. Dividend on Equity and Preference Shares for the year ended March 31, 2007.
3. Re-Appointment of Mr. Ved Prakash Taneja & Mr. Bodhishwar Rai, who was liable to retire from office by rotation, as Directors of the Company.
4. Re-Appointment of M/s. S S Kothari & Co, Chartered Accountants as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting.
5. Appointment of Messrs. Neil Brown, Narayan Seshadri, Shrawan Kumar Todi and Ravi Todi as Directors of the Company.
1. The Audited Profit and Loss Account for the year ended March 31, 2007, the Audited Balance Sheet as on that date together with the Reports of the Directors and Auditors thereon.
2. Dividend on Equity and Preference Shares for the year ended March 31, 2007.
3. Re-Appointment of Mr. Ved Prakash Taneja & Mr. Bodhishwar Rai, who was liable to retire from office by rotation, as Directors of the Company.
4. Re-Appointment of M/s. S S Kothari & Co, Chartered Accountants as Statutory Auditors of the Company till the conclusion of the next Annual General Meeting.
5. Appointment of Messrs. Neil Brown, Narayan Seshadri, Shrawan Kumar Todi and Ravi Todi as Directors of the Company.
KIC Metaliks - Outcome Of AGM
KIC Metaliks Ltd has informed that the members at the 20th Annual General Meeting (AGM) of the Company held on September 04, 2007, inter alia, have accorded the following:
1. Directors Report and Audited Statement of Account for the financial year endedMarch 31, 2007.
2. Sri. P K Paul & Dr. D Sharma were reappointed as Directors.
3. Agarwal Maheswari & Co, Chartered Accountants were reappointed as Auditor of the Company.
4. Sri. Manish Seth was reappointed as Whole Time Director and designated as Executed Director for a period of 3 years w.e.f. April 01, 2007, on remuneration, terms & conditions.
5. Increased in remuneration to Mr. R K Kajaria, CMD w.e.f. April 01, 2007.
1. Directors Report and Audited Statement of Account for the financial year endedMarch 31, 2007.
2. Sri. P K Paul & Dr. D Sharma were reappointed as Directors.
3. Agarwal Maheswari & Co, Chartered Accountants were reappointed as Auditor of the Company.
4. Sri. Manish Seth was reappointed as Whole Time Director and designated as Executed Director for a period of 3 years w.e.f. April 01, 2007, on remuneration, terms & conditions.
5. Increased in remuneration to Mr. R K Kajaria, CMD w.e.f. April 01, 2007.
Info Edge - Outcome Of AGM
Info Edge India Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on July 27, 2007, inter alia, has accorded the following:
1. Adoption of audited annual accounts of the Company for the Financial Year ended March 31, 2007 along with Directors Report and Auditors Report.
2. Declaration of dividend for financial year 2006-07 @ 7.5%.
3. Re-appointment of Mr. Kapil Kapoor, Ms. Bala Deshpande & Mr. Ambarish Raghuvanshi as Directors of the Company.
4. Re-appointment of Price Waterhouse as Statutory Auditor of the Company from conclusion of this AGM to conclusion of next AGM.
5. Appointment of Mr. Sandeep Murthy as a Director of the Company.
1. Adoption of audited annual accounts of the Company for the Financial Year ended March 31, 2007 along with Directors Report and Auditors Report.
2. Declaration of dividend for financial year 2006-07 @ 7.5%.
3. Re-appointment of Mr. Kapil Kapoor, Ms. Bala Deshpande & Mr. Ambarish Raghuvanshi as Directors of the Company.
4. Re-appointment of Price Waterhouse as Statutory Auditor of the Company from conclusion of this AGM to conclusion of next AGM.
5. Appointment of Mr. Sandeep Murthy as a Director of the Company.
KLK Electrical - Outcome Of Board Meeting
KLK Electrical Industries Ltd has informed that the Board of Directors of the Company at its meeting held on August 31, 2007, has taken the following decisions:
1. Decision on the issue of preferential allotment of 7,50,000 Equity Shares has been deferred for the next Board Meeting.
2. It has been decided to create a new division to venture into Information Technology and other related business with immediate effect and the proposal for inserting / amending Object Clause of the Memorandum of Association of the Company suitably and to get the approval of the General Body through Postal Ballot.
3. Necessary documents will be filed before the Registrar of Companies before the due date.
4. Scrutiniser, Functional Director and Compliance Officer has been appointed for the process of Postal Ballot.
5. Proposal to change the name of the Company suitably to reflect both the activities of the Company has been approved and the Managing Director has been authorised to file application for the availability of name with Registrar of Companies.
1. Decision on the issue of preferential allotment of 7,50,000 Equity Shares has been deferred for the next Board Meeting.
2. It has been decided to create a new division to venture into Information Technology and other related business with immediate effect and the proposal for inserting / amending Object Clause of the Memorandum of Association of the Company suitably and to get the approval of the General Body through Postal Ballot.
3. Necessary documents will be filed before the Registrar of Companies before the due date.
4. Scrutiniser, Functional Director and Compliance Officer has been appointed for the process of Postal Ballot.
5. Proposal to change the name of the Company suitably to reflect both the activities of the Company has been approved and the Managing Director has been authorised to file application for the availability of name with Registrar of Companies.
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