| Prakash Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2009, inter alia, has approved the following:
1. Issue upto 1,00,00,000 warrants convertible in to equity shares on preferential basis
2. Appoint Shri Vikram Agarwal as Joint Managing Director, Shri Piyoosh Goyal as Director and Shri D Singh as Whole-time Director of the Company.
3. For seeking the approval of the members of the Company for the aforesaid matters the Board has also fixed date of an Extra Ordinary General Meeting on June 22, 2009.
Prakash Industries Ltd has informed BSE that an Extra General Meeting (EGM) of the members of the Company will be held on June 22, 2009, inter alia, to transact the following business:
1. To offer, issue and allot in one or more tranches and upon such terms and conditions and in such manner as may be deemed appropriate by the Board, not more than 10000000 Warrants at a price of Rs.81 (Rupees Eighty One Only) per warrant with an option to subscribe to one Equity Share of Rs 10 each per warrant (i.e. at a premium of Rs 71 per share) to Amarjoti Vanijya Pvt. Ltd. or its nominee(s) by way of preferential allotment, subject to necessary provision and approvals.
2. To appoint of Shri. Vikram Agarwal as Joint Managing Director of the Company from February 01, 2009 to March 31, 2012, on remuneration, terms and conditions.
3. To appoint of Shri. Piyoosh Goyal & Shri. D Singh, as Directors of the Company, liable to retire by rotation.
4. To appoint of Shri. D Singh, as Whole time director of the Company from May 28, 2009 to March 31, 2012, on remuneration, terms and conditions.
(As Per BSE Announcement Website dated on 01.02.2009)
Prakash Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 22, 2009, inter alia, have accorded to the following:
1. Issue upto 1,00,00,000 warrants convertible in to equity shares on preferential basis.
2. Appoint Shri Vikram Agarwal as Joint Managing Director, Shri Piyoosh Goyal as Director and Shri D Singh as Whole-time Director of the Company.
(As Per BSE Announcement Website dated on 24.06.2009)
Prakash Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 22, 2009, inter alia, have accorded to the following:
1. Authority to the Board to offer, issue and allot in one or more tranches and upon such terms and conditions and in such manner as may be deemed appropriate by the Board, not more than 10000000 Warrants at a price of Rs 81 (Rupees Eighty One Only) per warrant with an option to subscribe to one Equity Share of Rs 10 each per warrant (i.e. at a premium of Rs 71 per share) to Amarjoti Vanijya Pvt. Ltd. or its nominee(s) by way of preferential allotment, subject to necessary provision and approvals.
2. Appointment of Shri. Vikram Agarwal as Joint Managing Director of the Company from February 01, 2009 to March 31, 2012, on remuneration, terms and conditions.
3. Appointment of Shri. Piyoosh Goyal & Shri. D Singh, as Directors of the Company, liable to retire by rotation.
4. Appointment of Shri. D Singh, as Whole time director of the Company from May 28, 2009 to March 31, 2012, on remuneration, terms and conditions.
(As Per BSE Announcement Website dated on 16.07.2009) |