Tuesday, June 30, 2009

Koffee Break - Conversion Of Warrants Into Equity Shares - June 30, 2009

Koffee Break Pictures Limited has informed that the committee in their meeting held on June 29, 2009, converted 36,25,000 warrants into 36,25,000 equity shares of Re 1/- each at a price of Rs 2.10/- including premium of Rs 1.10/- per equity share at cash to the following allottees namely:

- Name of Allottees : Jignasa N Thesia
Number of Equity Shares : 375000

- Name of Allottees : Saroj P Thesia
Number of Equity Shares : 375000

- Name of Allottees : Pradipkumar D Thesia
Number of Equity Shares : 500000

- Name of Allottees : Nandkishor D Thesia
Number of Equity Shares : 500000

- Name of Allottees : Ketan B Jain
Number of Equity Shares : 1250000

- Name of Allottees : Mehul U Shah
Number of Equity Shares : 250000

- Name of Allottees : Aristrocat Equity Pvt. Ltd
Number of Equity Shares : 375000.

Maxwell Industries Board Allotment Of Equity Share - June 30, 2009

Maxwell Industries Limited has informed that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has approved the following:

1. Recommend dividend of Rs 5 per equity share on 5% Redeemable Preference Equity Shares of Rs 100/- each for the financial year 2008-09.

2. Recommend dividend of 20% (40 paise per equity share) on Equity Shares of the Company face value of Rs 2/- each for the financial year 2008-09.

3. To established a Knitting Unit at Village Kanchigam, Dist. Daman.

Kiri Dyes And Chemicals Allotment Of Equity Share - June 30, 2009

The board of Kiri Dyes and Chemicals has recommended final dividend at the rate of Rs 1.50 per equity share (15%) for the year ended as on 31 March 2009. The board has also decided to raise fund to the tune of Rs 150 crore by way of QIPs/preferential allotment/FCCB/GDR etc. for expansion and diversification of the company.

The board has also decided to increase in borrowing power of the company from Rs 300 crore to Rs 700 crore.

This was recommended at the board meeting held on 29 June 2009.

Monday, June 29, 2009

Wipro - Allotment Of Equity Shares - June 29, 2009

Wipro Limited has informed that Administrative Committee of the Companys Board of Directors vide Circular resolution dated June 26, 2009 :

1. Resolved to issue and allot 138454 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

2. Allotted 33720 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Companys depository as underlying equity shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004.

Gremach Infrastructure Board Allotment Of Equity Shares - June 29, 2009

Gremach Infrastructure Equipments & Projects Limited has informed that the Board of Directors of the Company at its meeting held on June 27, 2009, inter alia, has considered, discussed, and approved the following:

1. For raising of additional long term resources to part finance the Companys Capex and / or for other General Corporate purpose including reducing the leverage, depending on market dynamics, through Issue of Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / QIP / Warrants and / or otherwise, instrument convertible into Equity shares, optionally or otherwise, in one or more tranches, not exceeding USD 100 Million (United States Dollar one hundred Million only) in the aggregated, in the International Capital Market or its Indian Rupee Equivalent inclusive of such premium as may be determined by the Board, subject to the approval of the equity Shareholders at the ensuing Annual General Meeting.

2. Recommended divided of Rs 0.50 Per Equity Share having face value of Rs 10/- each for the financial year ended March 31, 2009 on its total paid-up Equity Share Capital subject to the approval of the equity Shareholders at the ensuing Annual General Meeting.

However, the discussion on the approval of Audited Financial Results for financial year 2008-2009, which was in the Agenda but could not be discussed hence the Board Meeting has been adjourned to June 30, 2009.

Housing Development Finance Corporation Allotment Equity Shares - June 29, 2009

Housing Development Finance Corporation Limited has informed that the Corporatio on 29 June 2009, allotted 23,962 equity shares of Rs 10 each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 284,56,03,540 consisting 28,45,60,354 equity shares of Rs 10 each.

The company made this announcement during the trading hours on 29 June 2009.

Saturday, June 27, 2009

Orissa Sponge - Discovery Acquirement Of Equity Shares - June 27, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the equity shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On June 25, 2009, BEL has acquired 21000 equity shares of Rs 10 each of OSIL, constituting 0.077% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 351.93 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Confidence Trading - Allotment Of Equity Share - June 27, 2009

Anand Rathi Financial Services Ltd (Manager to the Offer) for & on behalf of Mr Suresh Kumar Somani (Acquirer) has issued this Public Announcement (PA) to the Public equity Shareholders of Confidence Trading Company Ltd (Target Company), pursuant to and in compliance with Regulation 10 & 12 of Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations 1997 & Subsequent amendments thereto (SEBI (SAST) Regulations).

The Offer: The Offer is being made by the Acquirer to the Public equity Shareholders (other than the Parties to the SPA) of the Target Company to acquire up to 10,000 fully paid up equity shares of the face value of Rs 10/- each of the Target Company representing 20% of the voting & paid up equity share capital of the Target Company.

This offer is being made pursuant to Regulations 10 & 12 of the Regulations at a price of Rs 5/- per fully paid up equity share (Offer Price) payable in cash in terms of Regulations 20 & 21 of the Regulations (the Offer or Open Offer).

Schedule of Activities: Specified Date - July 03, 2009, Date of Opening of the Offer - August 14, 2009, Date of Closing of the Offer - September 02, 2009.

Dazzel Confindive To Increase Authorized Equity Share Capital - June 27, 2009

The board of Dazzel Confindive has decided to issue of 90,00,000 convertible warrants each carrying a right to subscribe to equal number of equity shares of the company on preferential basis to the promoters of the company and non-promoters. The board has decided to increase the authorized equity share capital of the company from Rs 7,00,00,000 to Rs 15,00,00,000.

The board has decided to issue 90,00,000 convertible warrants. This was decided at the board meeting held on 26 June 2009.

Friday, June 26, 2009

Kanani Industries Board Approves Of Equity Share - June 26, 2009

Kanani Industries Limited has informed that the Board of Directors of the Company at its meeting held on June 25, 2009, inter alia, has decided the following:

1. To convene the 26th Annual General Meeting of the Members of the Company on July 24, 2009.

2. To issue bonus equity shares in the ratio 1:2 i.e. (two new Equity Shares for every One Equity Share held) to the members of the Company whose names appear in the Registrar of Members as on record date.

3. To conduct Postal Ballot under Section 192(A) of the Companies Act, 1956 for making investment in other body corporate exceeding the paid up equity share capital and free-reserves of the Company under Section 372A of the Companies Act, 1956 and also under Section 293(1) (d) for borrowings that will 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.