| Future Capital Holdings Ltd has informed BSE that, by an Order made on January 07, 2011, the Hon`ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Future Capital Holdings Limited, the Applicant Company, will be held on February 17, 2011, for the purpose of considering and, if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Scheme of Arrangement between Future Capital Financial Services Limited and Future Capital Holdings Limited and their respective Shareholders.
Future Capital Holdings Limited has informed the Exchange that in accordance with the directions of the Hon`ble High Court of Judicature at Bombay in Company Summons for Directions No.3 of 2011, a meeting of the Equity Shareholders of the Company to approve the Scheme of Arrangement between Future Capital Financial Services Limited and Future Capital Holdings Limited and their respective Shareholders (`the Scheme`) was convened and held on February 17, 2011. Further at the said meeting, the Equity Shareholders have approved the Scheme with requisite majority voting in favour, on the Poll conducted towards seeking approval of the Members.
(As Per NSE Bulletin dated on 18.02.2011) |
| Future Capital Holdings Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 27, 2010, inter alia, to transact the following business:
1. To appoint Mr. V. Vaidyanathan as the Managing Director of the Company, for a period of five years effective from August 01, 2010, on remuneration, terms & conditions.
2. To create, offer, issue and allot, from time to time, in one or more tranches, 80,00,000 (Eighty Lacs) Warrants to Mr. Kishore Biyant, Chairman & Promoter, each convertible into one Equity Share of the Company of Rs. 10/- [Rupees Ten Only) each at the premium of Rs. 227/- (Rupees Two Hundred Twenty Seven Only) each, aggregating to an Issue Price of Rs. 237/- {Rupees Two Hundred Thirty Seven Only) each (hereinafter referred to as "Resultant Equity Share") determined in accordance with and on the terms and conditions mentioned in Chapter VII of the SEBI ICDR Regulations relating to preferential allotment (the "Preferential Issue"), subject to necessary provisions & approvals.
3. To create, offer, issue and allot, from time to time, in one or more tranches, 20,00,000 (Twenty Lacs) Warrants to Mr. V. Vaidyanathan, Vice Chairman and Managing Director, each convertible into one Equity Share of the Company of Rs. 10/- (Rupees Ten Only) each at the premium of Rs. 227/- (Rupees Two Hundred Twenty Seven Only) each, aggregating to an Issue Price of Rs. 237/- (Rupees Two Hundred Thirty Seven Only} each ("Resultant Equity Share") determined in accordance with and on the terms and conditions mentioned in Chapter VII of the SEBI ICDR Regulations relating to preferential allotment (the "Preferential Issue"), subject to necessary provisions & approvals.
4. Payment of a sum by way of the Commission not exceeding 1% (one percent) of the net profits of the Company calculated in accordance with the provisions of the Act; or such higher sums with the approval of the Ministry of Corporate Affairs, the Central Government and / or any other authority (ies) as may be required, be paid and distributed amongst the Non-Executive Directors including the Independent Directors of the Company in such proportions and / in such manner as may be determined by the Board of Directors ("Board" which term shall be deemed to include any Committee thereof, including the Compensation and Nomination Committee, for the time being exercising the powers conferred on the Board of Directors by this resolution) for each of the financial year commencing from 2010 - 2011 for a period of five years, subject to necessary provisions & approvals.
Future Capital Holdings Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 27, 2010, inter alia, have given approval and passed the resolutions for the following agenda:
1. Appointment and Remuneration of Mr. V. Vaidyanathan as the Managing Director of the Company.
2. Preferential Allotment of 80,00,000 Convertible Warrants to Mr. Kishore Biyani.
3. Preferential Allotment of 20,00,000 Convertible Warrants to Mr. V. Vaidyanathan.
4. Payment of Commission to Non-Executive Directors of the Company.
(As Per BSE Announcement Website dated on 28.08.2010)
Future Capital Holdings Ltd has informed BSE that pursuant to the approval given by the Members of the Company vide Special Resolution passed at the Extraordinary General Meeting of the Company held on August 27, 2010, the Preferential Issue Committee of the Board of Directors of the Company vide a resolution passed by circulation on September 30, 2010, has allotted 1,00,00,000 convertible warrants convertible into equal number of equity shares of the Company of Rs. 10/- (Rupees Ten Only) each, at the premium of Rs. 227/- (Rupees Two Hundred Twenty Seven Only) each, aggregating to an Issue Price of Rs. 237/- (Rupees Two Hundred Thirty Seven Only) each.
(As Per BSE Announcement Website dated on 01.10.2010) |