| Hanung Toys & Textiles Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on May 24, 2010, inter alia, to transact the following :
1. To create, offer, issue and allot in one or more tranches, on preferential basis, up to 12,50,000 warrants convertible into equivalent number of equity shares of Rs. 10/- each ("Convertible Warrants"), at a premium calculated in accordance with the SEBI ICDR Regulations and other relevant guidelines / regulations as may be applicable, be offered, issued and allotted, on a preferential allotment basis, such right to be exercised not later than within 18 months from the date of issue of the warrants, on such terms and conditions and in such manner as the Board may think fit to the Promoter and Promoter Group:
(i) Name of the Promoter and Promoter Group : C.K. Software Pvt. Ltd.
- Number of warrants to be allotted : 4,00,000
(ii) Name of the Promoter and Promoter Group : Abhinav International Pvt. Ltd.
- Number of warrants to be allotted : 4,50,000
(iii) Name of the Promoter and Promoter Group : Parneet Softech Pvt. Ltd.
- Number of warrants to be allotted : 4,00,000
2. To create, offer, issue and allot, from time in one or more tranches, whether rupee denominated or denominated in foreign currency, to Qualified Institutional Buyer (QIBs) (including Foreign Institutional Investors) by way of qualified Institutional Placement (QIP) under Chapter VII! of the ICDR Regulations / in the course of one or more public or private offerings in domestic and / or one or more international markets with or without a green shoe option, securities including equity shares and / or equity shares through depository receipts including ADR, GDR, FCCB and / or any instruments or securities, representing either equity shares and / or convertible securities linked to equity shares, convertible debentures with or without detachable warrants with right exercisable by warrant holders to convert or subscribe to equity shares, (`Securities`) for an amount not exceeding Rs. 250 crores or equivalent thereof, in one or more foreign currencies, to eligible investors (whether residents and / or non-residents and / or institutions / mutual funds / banks and / or incorporated bodies, and / or individuals and / or trustees and whether or not such investors are members of the Company) through a placement document and / or such other documents / writings / offering circulars / memorandum and in such manner and on such price, terms and conditions as may be determined by the Board in accordance with the ICDR Regulations or other provisions of the law as may be prevailing at the time in consultation with the Merchant Bankers and / or other advisors or otherwise, on such terms and conditions as the Board may in its absolute discretion, decide at the time of issue of Securities, subject to necessary provisions and approvals.
Hanung Toys & Textiles Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 24, 2010, inter alia, have transacted the following:
1. Approval of Preferential Allotment of 12,50,000 warrants convertible into equivalent number of equity shares of Rs. 10/- each ("Convertible Warrants"), at a premium calculated in accordance with the SEBI ICDR Regulations and other relevant guidelines/regulations as may be applicable.
2. Approval of Proposed Qualified Institutional Placement to Qualified Institutional under chapter VIII of the SEBI ICDR regulations, 2009, as amended for an amount not exceeding Rs. 250 crores or equivalent thereof.
(As Per BSE Announcement Dated on 25.05.2010) |