| Agro Dutch Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on May 25, 2010, inter alia, to consider the agenda as set out in notice.
Agro Dutch Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 25, 2010, have transacted the following:
- To issue 10,00,000 fully convertible warrants to investors, having face value of Rs. 10/- each for cash, at a premium of Rs. 13.00 per warrant to be converted into one equity share within eighteen months from the date of allotment.
(As Per BSE Announcement Website dated on 25.05.2010)
Agro Dutch Industries Ltd has informed BSE that the shareholders in their Extra Ordinary General Meeting held on May 25, 2010 have approved the issue of 10,00,000 fully convertible warrants, convertible into 10,00,000 equity shares of Rs. 10/- each, at a premium of Rs. 13/- each within 18 months from the date of allotment, detail of which are as under:
- Name of Allottee - Numisma Financial Advisors Pvt. Ltd.
No. of Warrants - 700,000
- Name of Allottee - Harveen Kaur
No. of Warrants - 100,000
- Name of Allottee - Mahinder Kaur
No. of Warrants - 200,000.
(As Per BSE Announcement Website dated on 27.05.2010)
Agro Dutch Industries Ltd has submitted to BSE a copy of the proceedings of Extra Ordinary General Meeting (EGM) of the Company held on May 25, 2010.
(As Per BSE Announcement Dated on 15.06.2010) |
| Agro Dutch Industries Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on February 12, 2010, inter alia, to consider the agenda as set out in notice.
Agro Dutch Industries Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on February 12, 2010.
(As Per BSE Announcement Dated on 28/01/2010)
Agro Dutch Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 12, 2010, inter alia, have accorded the following:
1. To Increase the Authorised Share Capital of the Company from Rs. 80.00 Crore (Eighty Crore Only) to Rs. 110 Crore (Rupees One Hundred & Ten Crore) by creation of 30,00,000 (Thirty Lacs Only) Redeemable Preference Shares of Rs. 100/- (Rupees Hundred) each.
2. To alter the existing Sub Clause (ii) Clause V of Memorandum of Association of the Company.
3. To alter the existing Sub Clause (ii) of Article 5 of Article of Association of the Company.
4. To Issue 10,00,000 fully convertible warrants to investors, having face value of Rs. 10/- each for cash, at a premium of Rs. 7.00 per warrant to be converted into one equity share within eighteen months from the date of allotment.
5. To issue 39,72,000 6% Optional Cumulative Convertible Redeemable Preference Shares (6% OCCRPS) of Rs. 100/- (Rupees Hundred) each in terms of Letter of Approval (LOA) dated October 28, 2009.
6. To increase the borrowing powers of the Company from Rs. 400 Crore (Rupees Four Hundred Crore) to Rs. 750 Crore (Rupees Seven Hundred Fifty Crore).
7. To appoint Mr. Dilsher Singh as Director (Overseas Operations) for a period of five years w.e.f. October 01, 2009.
(As Per BSE Announcement Dated on 17/02/2010)
Agro Dutch Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 12, 2010, inter alia, have accorded to the following:
1. To increase the Authorised Share Capital of the Company from Rs. 80.00 Crore (Rupees Eighty Crore Only) to Rs.110.00 Crore (Rupees One Hundred and Ten Crore Only) by creation of 30,00,000 (Thirty Lacs Only) Redeemable Preference Shares of Rs. 100/- (Rupees Hundred) each, and consequential amdnemend in Memorandum & Articles of Association of the Company.
2. To offer/issue and allot not more than 10,00,000 warrants, convertible, at the option of the warrant holder(s) within an aggregate time period of 18 months from the date of allotment of the warrants into 10,00,000 Equity shares of Rs. 10/- each, at a premium of Rs. 7.00 per share for cash, as determined in accordance with the relevant SEBI Guidelines, to the Financial Investors on a preferential basis, as the Board may in its absolute discretion decide, in one or more tranches and on such terms and conditions, as the Board considers, fit, subject to the following: -
(a). the warrants and the equity shares to be offered and allotted upon conversion shall be subject to the provisions of the Memorandum and Articles of Association of the Company in all respects,
(b). the relevant date within the meaning of the Explanation to Clause 13.1.1.1. of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 for the purpose of determination of applicable price for the issue of above mentioned warrants/equity shares is January 14, 2010,
(c). the equity shares to be allotted on conversion of the warrants shall rank pari passu with the existing equity shares of the company in all respects, and
(d). an amount equal to 25% of the price fixed under Clause 13.1.1.1 of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 in relation to each of the warrant shall be paid upfront by the person to whom the allotment is being made, at the time of allotment of the warrant, and the same shall be adjusted against the price payable for the subsequent allotment of equity shares against the warrants. Further, in the event the option of conversion of warrant into equity share is not exercised by the warrant holder, in terms of this resolution the upfront payment of 25% shall stand forfeited.
3. Issue of 39,72,000 6% Optional Cumulative Convertible Redeemable Preference Shares (6% OCCRPS) of Rs. 100/- (Rupees Hundred) each in terms of Letter of Approval (LOA) dated September 30, 2009 of CDR-EG, subject to necessary provisions and approvals.
4. Authority to the Board of Directors to borrow any sum or sums of moneys from time to time notwithstanding that the money or moneys to be borrowed, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose provided however, the total amount so borrowed shall not exceed Rs. 750.00 Crores (Rupees Seven Hundred Fifty Crores Only).
5. Appointment of Mr. Dilsher Singh as Director (Overseas Operations) for a period of five years w.e.f. October 01, 2009 on remuneration, terms and conditions, subject to necessary provisions and approvals.
(As Per BSE Announcement Dated on 11/03/2010) |