Uflex Ltd

UFLEX Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain closed from September 2, 2013 to September 7, 2013 (both days inclusive) for the purpose of payment of Dividend and Annual General Meeting for the financial year ended March 31, 2013.

UFLEX Limited has informed the Exchange that the dividend, if declared at the Annual General Meeting will be paid after September 07, 2013.

Flex International Pvt. Ltd. has submitted to the Exchange vide letter dated March 22, 2013 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

UFLEX Limited has informed the Exchange that IFCI Limited has nominated Mr. Shivendra Tomar as their new nominee Director on the Board of the Company in place of Mrs. Manju Jain with effect from February 07, 2013.

Flex International Pvt. Ltd. has submitted to the Exchange vide letter dated October 27, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

A.R. Leasing Pvt. Ltd. has submitted to the Exchange vide letter dated October 19, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Uflex Limited has informed the Exchange that the nomination of Mr. Narender Kumar Duggal from the Directorship of the Company has been withdrawn by IFCI Ltd w.e.f. September 18, 2012.

Flex International Pvt. Ltd. has submitted to the Exchange vide letter dated October 10, 2012 a copy of Disclosure in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Uflex Limited has submitted to the Exchange a copy of Minutes of the Annual General Meeting of the Company held on September 04, 2012.

Uflex Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 11, 2012 have recommended a dividend @ Rs.2.00 (Rupees Two only) per share (20%) subject to the approval of the shareholders, for the year ended March 31, 2012. The dividend, if declared at the Annual General Meeting will be paid on or after September 04, 2012.

Uflex Limited has informed the Exchange that the Promoter and their Associates have not exercised their option to convert the 1,00,00,000 warrants into equity shares which were allotted to them on November 25, 2010 on preferential basis. Accordingly, the said warrants were forfeited.

Uflex Limited has informed the Exchange that: "The Company is expecting growth in total revenue by 30% and net profit more than 50% on consolidated basis in the current financial year based on the availability of additional capacity due to commissioning of expansion programmes and improvement in market conditions of Packaging Sector".

Uflex Limited has submitted to the Exchange a copy of Minutes of the Annual General Meeting of the Company held on September 10, 2011.

Uflex Limited has informed the Exchange that the members of the Company at their meeting held on September 10, 2011 declared dividend @ 75% (Rs.7.50 per equity share) for the financial year 2010-2011. Dividends will be dispatched to the members on September 21, 2011.

Uflex Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 04, 2011 have recommended a dividend @ Rs.7.50 (Rupees Seven & Paise Fifty only) per share (75%) subject to the approval of the shareholders, for the year ended March 31, 2011.

Uflex Limited has informed the Exchange that the Company`s step down subsidiary company Flex P. Films (Egypt) S.A.E. has commissioned A1-Ox Coater, CPP-film line at Egypt and became operative.

Uflex Limited has informed the Exchange that one of the FCCBs holders has exercised the option to convert the FCCBs into equity shares to the extent of US$ 100,000. Accordingly, in terms of offering circular, Company has allotted 30,711 equity shares of Rs.10/- each to the FCCB holder.

Uflex Limited has informed the Exchange that the Directors of the Company at their meeting held on March 28, 2011 have decided for setting up a polyester films project with a projected investment of US$ 80-85 million (approx.) at USA through 100% subsidiary of the Company.

Uflex Limited has informed the Exchange that the Committee of Directors of the Company at their meeting held on January 24, 2011 approved the Company`s proposal for setting up a new plant for manufacturing of 30,000 MTs of polyester film etc. at Poland through its Wholly Owned Subsidiary, Flex Middle East FZE, Dubai (U.A.E.). Necessary action is being taken in this regard.

Uflex Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on January 19, 2011 approved expansion programme for manufacture of Flexible Packaging & Other Intermediary Products at Baribrahmana, Jammu.

Uflex Limited has informed the Exchange that CBI Special Court at Ghaziabad (U.P.) has held Mr. Ashok Chaturvedi, Chairman & Managing Director of the Company, guilty in his individual capacity in connection with a case relating to the allotment of land by Noida Authority in 1995 for Company`s employees housing. The said land do not relate to the Company`s use. The Company understand that Mr. Ashok Chaturvedi is taking appropriate legal steps in the matter. The above conviction is in his personal capacity, therefore, there will not be any financial implication on the Company. UFLEX is a Board run professionally managed Company and its business & operations continue to be on strong footing and run as usual.

Uflex Limited has informed the Exchange vide its letter dated November 30, 2010 that "one of the allottees of the Promoter Group, i.e M/s. Anant Overseas Pvt. Ltd. has exercised the option to convert 35,00,000 warrants into equity shares of Rs. 10/- each. Accordingly, the Company has allotted 35,00,000 equity shares of Rs.10/- each to M/s.Anant Overseas Pvt. Ltd. today."

Uflex Limited has informed the Exchange regarding issue of 135 lacs warrants on preferential basis, the Directors of the Company at their meeting held on November 25, 2010 allotted 135 lacs warrants to the Promoter Group.

Uflex Limited has informed the Exchange that one of the FCCBs holders has exercised the option to convert the FCCBs into equity shares to the extent of US$ 200,000. Accordingly, the Company has allotted 61,423 equity shares of Rs.10/- each to the FCCB holder.

Uflex Limited has submitted to the Exchange a copy of Minutes of the declaration of result of the Postal Ballot of the Company declared on November 19, 2010.

Uflex Limited has informed the Exchange that one of the FCCBs holders has exercised the option to convert the FCCBs into equity shares to the extent of US$ 1,000,000. Accordingly, the Company has allotted 307,118 equity shares of Rs.10/- each to the FCCB holder.

Uflex Limited has informed the Exchange that one of the FCCBs holders has exercised the option to convert the FCCBs into equity shares to the extent of US$ 100,000. Accordingly, the Company has allotted 30,711 equity shares of Rs.10/- each to the FCCB holder.

Uflex Limited has informed the Exchange that one of the FCCBs holders has exercised the option to convert the FCCBs into equity shares to the extent of US$ 100,000. Accordingly, Company has allotted 30,711 equity shares of Rs.10/- each to the FCCB holder.

Uflex Limited has informed the Exchange that following resolusions are proposed to be passed by means of postal ballot under Section 192A of the Companies Act, 1956 ("the Act") read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001: (1) Special Resolutions under Section 81 (1A) of the Companies Act, 1956 for issue of warrants on preferential basis.

Uflex Limited has informed the Exchange that three FCCB holders have exercised the option to convert the FCCBs into equity shares to the extent of US$ 2,300,000. Accordingly, Company has allotted 706,369 equity shares of Rs.10/- each to the FCCB holders.

Uflex Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on October 13, 2010 has considered and approved the following: (1) The Rights Issue proposed by the Company has been withdrawn.(2) Preferential Issue upto 135 lacs warrants to Promoter/Promoter group at a price of Rs.300/- per warrant or SEBI floor price whichever is higher. (3) Recommendation for passing of resolution u/s 81 (1A) of the Companies Act, 1956 in connection with issue of warrants to Promoter/Promoter group through Postal Ballot.

Uflex Limited has informed the Exchange that three FCCB holders have exercised the option to convert the FCCBs into equity shares to the extent of US$ 2,300,000. Accordingly, Company has allotted 706,370 equity shares of Rs.10/- each to the FCCB holders.

Uflex Limited has informed the Exchange that two FCCB holders have exercised the option to convert the FCCBs into equity shares to the extent of US$ 1,000,000. Accordingly, Company has allotted 307,117 equity shares of Rs.10/- each to the FCCB holders.

Uflex Limited has informed the Exchange that one of the FCCB holders have exercised the option to convert the FCCBs into equity shares to the extent of US$ 1,000,000. Accordingly, Company has allotted 307,118 equity shares of Rs.10/- each to the FCCB holder.

Uflex Limited has informed the Exchange about the sudden demise of the Company's Director Mr. R.P.Agrawal on September 27, 2010. Accordingly, he ceases to be Director of the Company.

Uflex Limited has submitted to the Exchange a copy of Minutes of the Annual General Meeting of the Company held on September 4, 2010.

Uflex Limited has informed the Exchange that "Our step down subsidiary M/s. Flex P. Films (Egypt) S.A.E.,Egypt has started first phase production for manufacture of 35000 TPA of BOPP film".

Uflex Limited has informed the Exchange that the size of proposed rights issue is approximately Rs. 350 crores. Actual issue size will be decided at a later date.

Uflex Limited has informed the Exchange that the implementation of second phase of Mexico plant has already been commenced.

Uflex Limited has informed the Exchange that the Board of Directors at their meeting held on August 03, 2010 considering further growth plans and also the response from various investor segments, have approved the revision in the ratio of issue of equity shares of Right basis to "One equity share for every three equity shares held" as against 'One equity share for every four shares held' and raise funds aggregating to an amount not exceeding Rs.400 crores (Rupees Four Hundred crores) instead of Rs.250 crores approved earlier by the Board, subject to necessary approvals as may be required in this regard. The Board further authorized the Committee of Directors to decide the other terms of issue including fixation of price etc.

Uflex Limited has informed the Exchange that : "M/s. AKC Developers Limited - 70% owned SPV of UTECH Developers Ltd. (Wholly Owned Subsidiary of the Company) has been setting up Municipal Solid Waste Processing Projects based on the integrated technology under Joint Venture. M/s. UTECH Developers Limited under a Share Sale and Purchase Agreement has decided to sell its entire shareholding in AKC Developers Ltd. to a third Party".

Uflex Limited has informed the Exchange that the Board of Directors of the Company has, by a resolution passed at the Board Meeting held on July 15, 2010, forfeited the total 72701 partly paid-up equity shares of Rs.10/- each, in respect of which the Share Allotment Money & Call Money have remained unpaid, after Complying with all the provisions of the Companies Act, 1956, the Listing Agreement with the Stock Exchange as well as the Articles of Association of the Company.

Uflex Limited submitted to the Exchange a copy of the summarized financial results for the year ended March 31, 2010 and for the previous financial year ended March 31, 2009.

Uflex Limited has informed the Exchange that the dividend, if declared at the Annual General Meeting will be paid on or after September 04, 2010.

Uflex Limited has informed the Exchange that UTI has withdrawn the nomination of Mr. P. Abraham on the Board of the Company w.e.f. June 29, 2010. Therefore, Mr. P. Abraham is ceased to be Director of the Company.

Uflex Limited has informed the Exchange that the Annual General Meeting of the Company will be held on September 04, 2010. Further the Register of Members and Share Transfer Books shall remain closed from August 28, 2010 to September 04, 2010 (both days inclusive) for purpose of payment of Dividend and Annual General Meeting for the financial year ended March 31, 2010.

Uflex Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 15, 2010 have recommended a dividend @ Rs.5/- (Rupees Five only) per share (50%) subject to the approval of the shareholders, for the year ended March 31, 2010.

Uflex Limited has informed the Exchange that the Board of Directors at their meeting held on July 15, 2010 have approved issue of equity shares on Right basis at a ratio of one equity share for every four equity shares held. The Board further authorized the Committee of Directors to decide the other terms of issue including fixation of price etc.

Uflex Limited has informed the Exchange that the Committee of Directors of the Company at its meeting held on June 21, 2010, inter alia, has approved the following : (1) Issue of equity shares on rights basis, for an amount not exceeding Rs. 250.00 crores (Rupees Two Hundred and Fifty Crores), on the terms and conditions in accordance with various applicable laws, rules, regulations and guidelines; (2) Appointment of M/s Almondz Global Securities Ltd. as the Lead Manager to the proposed Right Issue; (3) Appointment of M/s Fox Mandal & Co. as Legal Advisors to the proposed Rights Issue; (4) Appointment of M/s Beetal Financial & Computer Services Pvt. Ltd, the existing Share Transfer Agents, as the Registrar to the proposed Rights Issue. The Committee further decided that the details of the Rights Issue like ratio and pricing etc. will be decided after discussions with M/s Almondz Global Securities Ltd.