Alok Industries Allotments Of Equity Shares - July 31, 2009

Alok Industries has announced that the company had issued and allotted 1,00,00,000 warrants to Jiwrajka Associates (JAPL) a part of the promoter group, at a price of Rs 102 per warrant. The warrants holders had paid a sum equivalent of 10% of the total consideration as per the terms of the issue and the balance would be payable upon exercise of the conversion option.

The Warrant holders were to be allotted one equity share of the company, of Rs 10 each, on payment of an exercise price of Rs 102 per equity share, on or before 31 July 2009.

The company has announced that they do not wish to exercise the option of conversion of aforesaid warrants into equity shares.

Pursuant to SEBI Guidelines for preferential allotment, the company have thus forfeited 10% warrant subscription money brought in by JAPL at the time of allotment of warrants.

The company made this announcement after the trading hours today, 31 July 2009.

Softsol India Board Approves Buy-Back Of Equity Shares - July 30, 2009

Softsol India Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has approved the following:

1. Annual General Meeting of the Company for the year 2009 will be held on September 30, 2009.

2. Buyback of the fully paid-up Equity Shares of Rs 10/- each of the Company from Open Market through Stock Exchange Mechanism for an amount not exceeding Rs 7,00,00,000/- (Rupees Seven crores only) to a minimum of 10,00,000 equity shares and a maximum of 14,00,000 equity shares up to a maximum price of Rs 55/- (Rupees Fifty Five only) per equity share in accordance with the provisions of the Articles of Association of the Company, Section 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956, SEBI (Buyback of Securities) Regulations, 1998 and other applicable regulations, if any.

The above decision was taken to enhance overall equity shareholder value by returning the surplus funds to equity shareholders in an investor friendly manner and to enhance the earnings per equity share of the Company in the future and create long-term shareholder value.

Indiabulls Financial - Qualified Institutional Placement Of Equity Shares - July 22, 2009

Indiabulls Financial Services Limited has informed that in respect of issue of Equity Shares of face value Rs 2 each in the Company (Equity Share) to QIBs under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines, up to an amount of USD 200 million (United States Dollars Two Hundred Million) or its Indian Rupee equivalent, the duly authorised Committee of the Board of Directors of the Company has, at its meeting held on July 21, 2009, decided to close the bid period, and approved the issuance of up to 5,61,40,350 Equity Shares at a price of Rs 171/- per Equity Share (including a premium of Rs 169/- per Equity Share), aggregating to Rs 959,99,99,850 (Rupees. Nine Hundred Fifty Nine Crore, Ninety Nine Lacs, Ninety Nine Thousand, Eight Hundred and Fifty only).

The Company has submitted to BSE a copy of the Resolution passed by the Committee on July 21, 2009.

Further the Company has informed that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Clause 13A.3.1 of Chapter XIII-A of SEBI Guidelines is Rs 170.33 per Equity Share, and the Relevant Date for this purpose, in terms of Clause 13A.3.1(a) of Chapter XIII-A of SEBI Guidelines, is July 20, 2009.

Supertex Industries Board Approves Of Equity Shares - July 20, 2009

Supertex Industries Limited has informed that the Board of Directors of the Company at its meeting held on July 17, 2009, inter alia, has decided the following:

1. The Company has decided to raise the funds for Expansion/Acquisition via Preferential Issue by allotting 1,00,00,000 (One Crore Only) Convertible Equity Warrants of Rs 10/- each, to various allottees (Promoters/Non-Promoters), the pricing and other formalities would be as per the SEBI (DIP) Guidelines.

2. Board has approved the Sub-division of One Equity shares of Rs 10/- each into Ten Equity shares of Re 1/- each.

IAG Company - Open Offer Of Equity Share - July 15, 2009

Microsec Capital Ltd (Manager to the Offer) on behalf of Anjaniputra Ispat Ltd (Acquirer) has issued this Public Announcement (PA) to the Equity Shareholders of IAG Company Ltd (Target Company), pursuant regulations 10, 11 & 12 & other provisions of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto (Regulations/SEBI (SAST) Regulations 1997 ).

The Offer: The Acquirer is making an Open Offer to the equity shareholders of the Target Company to acquire 26,87,880 Equity Shares of Rs 10/- each representing 20% of the Post preferential allotment issued & paid up equity capital of the Target Company, at a price of Rs 12 (Rupees Twelve Only) per fully paid up Equity Share plus interest of Rs 0.75 per equity share payable in cash.

Schedule of Activities: Specified Date - August 07, 2009, Date of Opening of the Offer-September 04, 2009, Date of Closing of the Offer - September 23, 2009.

Spanco Authorized Board To Allotment Of Equity Shares - May 25, 2009

Spanco Limited has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 23, 2009, inter alia, have accorded the following:

1. Authority to the Board to offer, issue and allot upto 1,00,00,000 equity shares of Rs 10/- each on preferential basis with a revised price of Rs 40/- per share. The Members of the Company have passed a special resolution under Section 81(1A) of the Companies Act, 1956 and authorized the Board to offer, issue and allot upto 1,00,00,000 (One Crore) fully paid up equity shares of Rs 10/- each of the Company, for cash, at a revised subscription price of Rs 40/- (Rupees Forty Only) per equity share (including share premium of Rs 30/- per equity share) to the Promoters and other Institutional Investors, on preferential basis, in terms of SEBI (DIP) Guidelines, 2000 as against the proposed price of Rs 35/- (Rupees Thirty Five only) per equity share as mentioned in the Resolution number 1 to the notice dated April 23, 2009.

2. Increase in the limit of Investment by FIIs in the Shares Capital of Company The Members of the Company have passed a special resolution increasing the investment limit by Foreign Institutional Investors (FIIs) in the share capital of the Company upto 49% of the total paid up Capital of the Company.

Considered The Preferential Issue Of Equity Shares – March 30 , 2009

Arvind Remedies Ltd has informed that the Board of Directors of the Company at its meeting held on March 28, 2009, has considered the Preferential Issue of equity shares to Dr. Arvind Kumar B Shah (HUF) on conversion of the unsecured loan given by him into Equity. While taking this decision it was felt that based on the application to SEBI for giving in-principle approval, it may await for the same as the promoter has already submitted necessary application for exemption from SEBI (SAST) Regulations, 1997 which was pending before SEBI.

Accordingly, subject to the approval by SEBI, it was decided to issue equity shares worth Rs 7,00,48,000/- of face value Re 1 each at a price to be fixed in accordance with SEBI (DIP) Guidelines 2000, on a preferential basis to Dr. Arvind Kumar B Shah (HUF) and that an Extra Ordinary General Meeting be convened on May 02, 2009 to approve the said issue based on the pricing of the relevant date, which shall be April 02, 2009.