| Asahi Infrastructure & Projects Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on May 17, 2010, inter alia, to transact the following business:
1. To increase the existing Authorized Share Capital of the Company from Rs. 35,00,00,000
(Rupees Thirty Five Crores) divided into 35,00,00,000 (Thirty Five Crores) Equity Shares of Re.1/- (Rupee One only) each to Rs. 50,0000,000/- (Rupees Fifty Crores Only) divided into 50,00,00,000 (Fifty Crores) Equity Shares of Re.1/- (Rupee One only) each & consequential alternation in the Memorandum & Articles of Association of the Company.
2. To offer, issue and allot from time to time in one or more tranches, 10,00,00,000 Warrants, each warrant carrying right to subscribe to one equity shares of Re. 1/- (Rupee One only) each at a premium of Re. 0.35/- (Rupee Thirty Five Paisa only) each aggregating to an issue price of Rs. 1.35/- (Rupees One and Thirty Five Paisa only) each, determined in accordance with and on the terms and conditions mentioned in Regulation 76 of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (SEBI (ICDA) Regulations, 2009) relation to preferential allotment in the future date to the following investors ("proposed allottees)
i. Name of the proposed allottees: Mr. Laxminarayan J Rathi (Promoter)
- Maximum number of Warrants to be issued & allotted: 1,60,00,000
ii. Name of the proposed allottees: Mrs. Shakuntala J Rathi (Promoter)
- Maximum number of Warrants to be issued & allotted: 80,00,000
iii. Name of the proposed allottees: Mr. Jatin L Rathi (Promoter)
- Maximum number of Warrants to be issued & allotted: 60,00,000
iv. Name of the proposed allottees: Mrs. Vidhya J Rathi (Promoter)
- Maximum number of Warrants to be issued & allotted: 32,00,000
v. Name of the proposed allottees: Mr. Paresh L Rathi (Promoter)
- Maximum number of Warrants to be issued & allotted: 40,00,000
vi. Name of the proposed allottees: Mrs. Ekta P Rathi (Promoter)
- Maximum number of Warrants to be issued & allotted: 48,00,000
vii. Name of the proposed allottees: Lakshya Financial Services (P) Ltd (Promoter)
- Maximum number of Warrants to be issued & allotted: 80,00,000
viii. Name of the proposed allottees: Asahi Pre-Fab (P) Ltd (Promoter)
- Maximum number of Warrants to be issued & allotted: 1,00,00,000
ix. Name of the proposed allottees: Synergy Infrastructure Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 1,50,00,000
x. Name of the proposed allottees: Romy Realty Pvt. Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 45,00,000
xi. Name of the proposed allottees: Angel Venture Pvt. Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 45,00,000
xii. Name of the proposed allottees: Paritosh Trading Pvt. Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 65,00,000
xiii. Name of the proposed allottees: KKSS Builders Pvt. Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 50,00,000
xiv. Name of the proposed allottees: Prime Time Management Consultant (P). Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 10,00,000
xv. Name of the proposed allottees: Ashirwad Leasing & Finvest Pvt. Ltd (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 10,00,000
xvi. Name of the proposed allottees: Mr. Ganesh Kabra (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 10,00,000
xvii. Name of the proposed allottees: Mrs. Kanchan Ramesh Bajaj (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 5,00,000
xviii. Name of the proposed allottees: Mr. Rajesh Khivraj Gangan (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 5,00,000
xix. Name of the proposed allottees: Mr. Dharmesh J Bilakhiya (Non Promoter)
- Maximum number of Warrants to be issued & allotted: 5,00,000.
Asahi Infrastructure & Projects Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 17, 2010, inter alia, have accorded to the following:
1.Increase in the Authorised Share Capital from Rs. 35,00,00,000/- to Rs. 50,00,00,000/- of the Company.
2. Amendment to the Memorandum of Association of the Company.
3. Amendment to the Articles of Association of the Company.
4. Issue of 10,00,00,000 warrants pursuant to section 81(1A) of the Companies Act, 1956 and SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.
5. Corrigendum was published for changes in Notice of EGM. (Newspaper cutting is attached).
(As Per BSE Announcement Dated on 17.05.2010) |