| 27-Feb-10 |
| Almondz Global Securities Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 27, 2010, inter alia, to create, offer, issue and allot an aggregate of 6135000 (Sixty One Lacs Thirty Five Thousand only) warrants of the Company having a face value of Rs. 6/- each at a price of Rs. 57.26/- (Rupees Fifty Seven and Twenty Six Paise only) per warrant including premium of Rs. 51.26 (Rupees Fifty One and Twenty Six Paise only), on a preferential basis to one of the promoters of the Company namely Almondz Capital & Management Services Ltd. and one of the shareholders of the Company namely Al Anwar Holdings SAOG (Non-promoter), with a right to subscribe to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs. 6/- (Rupees Six only) each fully paid up at a price of Rs. 57.26 (Rupees Fifty Seven and Twenty Six paise only) including premium of Rs. 51.26 (Rupees Fifty One and Twenty Six Paise only), which price is calculated in accordance with the Regulations for Preferential Issue issued by SEBI so that the total number of equity shares to be issued by the Company upon conversion of the warrants does not exceed 6135000 (Sixty One Lacs Thirty Five Thousand only) equity shares, on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company (hereinafter referred to as the Board, which shall be deemed to include any duly authorized committee thereof), at the time of issue or allotment, subject to the overall guidelines governing such issue.
Resolved further that, the issue of Warrants as above, shall be subject to the following terms and conditions:
1. 4510000 Warrants, and the resultant Equity Shares on conversion, being allotted to Promoter shall be locked in for a period of 3 (three) years from the date of their allotment, and 1625000 Warrants, and the resultant Equity Shares on conversion, being allotted to a Non-promoter shall be locked in for a period of 1 (one) year.
2. The equity shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. January 28, 2010 upto a period of six months from the date of allotment of Warrants.
Almondz Global Securities Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 18, 2010, inter aia, has resolved the proposed issuance of 4510000 Warrants, convertible into equity shares, will be made in favour of an existing promoter group entity of the Company namely Innovative Money Matters Pvt. Ltd. (the entire shareholding of which is held by the individual promoters of the Company namely Navjeet Singh Sobti and his wife Gurpreet N. S. Sobti) instead of Almondz Capital & Management Services Ltd. as earlier decided at the Board meeting held on January 29, 2010.
Further the Company has noted that, the aforesaid Innovative Money Matters Pvt. Ltd. is not having any pre-preferential, shareholding in the Company and has also not sold any equity shares of the Company during the six months preceding the Relevant Date, i.e. January 28, 2010.
Further, the Company has clarified that, in its meeting held on January 29, 2010, the Board of Directors of the Company had, inter alia, decided to issue 4510000 Warrants, convertible into equity shares, to one of the promoters of the Company namely Almondz Capital & Management Services Ltd. in addition to a non-promoter namely Al Anwar Holdings SAOG who is proposed to be issued 1625000 Warrants, convertible into equity shares of the Company. However, while seeking in- principle approval to. the proposed issuance of warrants, the Stock Exchanges (with which the securities of the Company are listed, i.e. BSE and NSE) have advised us to issue the aforesaid 4510000 Warrants to a promoter group entity other than Almondz Capital & Management Services Ltd. as, its pre-preferential shareholding (i.e. 9650000 equity shares out of its total shareholding of 12653314 equity shares) are standing pledged on the Relevant Date, i.e. January 28, 2010 and are not in lock-in form which is not in consonance with Regulation 78(6) of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009. And, therefore, the Board of Directors of the Company has decided to recommend to the shareholders of the Company the issuance of 4510000 warrants to the aforesaid promoter group entity namely Innovative Money Matters Pvt. Ltd. instead of Almondz Capital & Management Services Ltd. and 1625000 Warrants to the aforesaid non-promoter namely Al Anwar Holdings SAOG.
Based on the aforesaid, in the Notice and Explanatory Statement of the Extra-ordinary General Meeting scheduled to be held on February 27, 2010, the name of Innovative Money Matters Pvt. Ltd. shall be read wherever the name of Almondz Capital & Management Services Ltd. appears, as the other terms and conditions of the earlier resolution passed by the Board of Directors of the Company in its meeting held on January 29, 2010 shall hold good.
Besides, following are the disclosure as required under Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 in relation to the aforesaid issuance of 4510000 warrants on preferential basis to Innovative Money Matters Pvt. Ltd.:
Intention of the Promoters to subscribe to the offer
The Company proposes to make a preferential allotment of 4510000 Warrants of Rs. 6/- each at a price of Rs. 57.26 per Warrant for cash (including premium of Rs. 51.26), convertible into equity shares, to Innovative Money Matters Pvt. Ltd., a promoter group entity of the Company, who have indicated to subscribe for the said Warrants of the Company.
(As Per BSE Announcement Website dated on 18.02.2010)
Almondz Global Securities Ltd has submitted to BSE a copy of the Corrigendum to the notice of Extra-Ordinary General Meeting (EGM) of the Members of the Company to be held on February 27, 2010, as published in Newspapers, regarding issuance of 6135000 Warrants on Preferential Allotment Basis to a Promoter and a Non-Promoter.
(As Per BSE Announcement Website dated on 26.02.2010)
Almondz Global Securities Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 27, 2010, inter alia, have accorded to the following:
1. Authority to the Board to create, offer, issue and allot an aggregate of 6135000 (Sixty One Lacs Thirty Five Thousand oly) warrants of the Company having a face value of Rs. 6/- each at a price of Rs. 57.26/- (Rupees Fifty Seven and Twenty Six Paise only) per warrant including premium of Rs. 51.26 (Rupees Fifty One and Twenty Six Paise only), on a preferential basis to one of the promoters of the Company namely Almondz Capital & Management Services Ltd. and one of the shareholders of the Company namely Al Anwar Holdings SAOG (Non-promoter), with a right to subscribe to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs. 6/- (Rupees Six only) each fully paid up at a price of Rs. 57.26 (Rupees Fifty Seven and Twenty Six paise only) including premium of Rs. 51.26 (Rupees Fifty One and Twenty Six Paise only), which price is calculated in accordance with the Regulations for Preferential Issue issued by SEBI so that the total number of equity shares to be issued by the Company upon conversion of the warrants does not exceed 6135000 (Sixty One Lacs Thirty Five Thousand only) equity shares, on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company (hereinafter referred to as the 'Board', which shall be deemed to include any duly authorized committee thereof), at the time of issue or allotment, subject to the overall guidelines governing such issue. Resolved further that, the issue of Warrants as above, shall be subject to the following terms and conditions:
i. 4510000 Warrants, and the resultant Equity Shares on conversion, being allotted to Promoter shall be locked in for a period of 3 (three) years from the date of their allotment, and 1625000 Warrants, and the resultant Equity Shares on conversion, being allotted to a Non-promoter shall be locked in for a period of 1 (one) year.
ii. The equity shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. January 28, 2010 upto a period of six months from the date of allotment of Warrants.
2. Approved in the General Meeting, appointment of Mr. Jagdeep Singh as Whole-Time Director of the Company w.e.f. December 01, 2009 for a period of five years, on remuneration, terms & conditions.
3. Approved by the Remuneration Committee of the Board of Directors of the Company, appointment of Mr. Jagdeep Singh as Whole-Time Director of the Company w.e.f. December 01, 2009 for a period of five years, on remuneration, terms & conditions.
(As Per BSE Announcement Website dated on 27.02.2010)
Extra-ordinary General Meeting held on February 27, 2010 and pursuant to the in-principle approvals from Stock Exchanges, out of an aggregate of 6135000 Warrants proposed to be allotted to a promoter group entity namely Innovative Money Matters Pvt. Ltd. (4510000 Warrants) and to a non-promoter namely Al Anwar Holdings SAOG (1625000 Warrants), the Committee has allotted 4510000 Warrants to the aforesaid promoter group entity namely Innovative Money Matters Pvt. Ltd. at a price of Rs. 57.26 per warrant (including a premium of Rs. 51.26/- each) on preferential allotment basis.
(b) The Committee has deferred the allotment of 1625000 Warrants to the aforesaid non-promoter namely Al Anwar Holdings SAOG pending approval from the Foreign Investment Promotion Board (FIPB) which is under process, and resolved that the said allottee would be allotted the said Warrants as soon as the Company receives the requisite FIPB approval subject also to receipt of subscription/allotment amount equivalent to 25% of the total consideration per warrant by the Company from Al Anwar Holdings SAOG.
(As Per BSE Announcement Dated on 12/03/2010) |
| 31-Dec-07 |
| Almondz Global Securities Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 31, 2007, inter alia, to create, offer, issue and allot 3091500 (Thirty Lakhs Ninety One Thousand & Five Hundred) Equity Shares of the Company having a face value of Rs 6/- each at a price of Rs 85/- (Rupees Eighty Five only) per Equity Share including premium of Rs 79/- (Rupees Seventy Nine only) and to create, offer, issue and allot up to 1004500 (Ten Lakhs Four thousand & Five Hundred) Warrants at a price of Rs 85/- (Rupees Eighty Five only) per Warrant, on a preferential basis to an investor namely Al Anwar Holdings SAOG (Non-promoter) with a right to subscribe to equal number of Equity Shares, on conversion within a period of 18 months, of nominal value of Rs 6/- (Rupees Six only) each fully paid up at a price of Rs 85/- (Rupees Eighty Five only) including premium of Rs 79/- (Rupees Seventy Nine only), which price is calculated in accordance with the Guidelines for Preferential Issue issued by SEBI so that the total number of Equity Shares to be issued by the Company upon conversion of the Warrants does not exceed 1004500 (Ten Lakh Four Thousand & Five Hundred) Equity Shares on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company ("Board") at the time of issue or allotment subject to the overall guidelines governing such issue, subject to necessary provisions & approvals.
Further, 3091500 Equity shares being allotted to Al Anwar Holdings SAOG shall be locked in for a period of 1 (one) year.
Almondz Global Securities Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 31, 2007, inter alia, accorded the Board to create, offer, issue and allot 3091500 (Thirty Lakhs Ninety One Thousand & Five Hundred) equity shares of the Company having a face value of Rs 6/- each at a price of Rs 85/- (Rupees Eighty Five only) per equity share including premium of Rs 79/- (Rupees Seventy Nine only) and to create, offer, issue and allot up to 1004500 (Ten Lakhs Four thousand & Five Hundred) Warrants at a price of Rs 85/- (Rupees Eighty Five only) per Warrant, on a preferential basis to an investor namely Al Anwar Holdings SAOG, Sultnate of Oman, with a right to subscribe to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs 6/- (Rupees Six only) each fully paid up at a price of Rs 85/- (Rupees Eighty Five only) including premium of Rs 79/- (Rupees Seventy Nine only), which price is calculated in accordance with the Guidelines for Preferential Issue issued by SEBI so that the total number of Equity Shares to be issued by the Company upon conversion of the Warrants does not exceed 1004500 (Ten Lakh Four Thousand & Five Hundred) Equity Shares on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company ("Board", which shall be deemed to include any duly authorized committee thereof), at the time of issue or allotment, subject to the overall guidelines governing such issue, subject to necessary provisions & approvals.
Further, 3091500 Equity shares being allotted to Al Anwar Holdings SAOG shall be locked in for a period of 1 (one) year.
(As per BSE Announcement Website dated on 01/01/2008) |
| 29-Sep-07 |
| Almondz Global Securities Ltd has informed BSE that pursuant to the Order made by the Hon'ble High Court of Delhi, separate meetings of the shareholder, unsecured creditors & secured creditors of the Company will be held on September 29, 2007, for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Amalgamation of Almondz Capital Markets Pvt Ltd (Transferor Company / Applicant Company-I) with the Company (Transferee Company / Applicant Company-II). |
| 06-Sep-07 |
| Almondz Global Securities Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on September 06, 2007, inter alia, to create, offer, issue and allot 1537500 Equity Shares of the Company having a face value of Rs 6/- each at a price of Rs 80/- per Equity Share including premium of Rs 74/- and to create, offer, issue and allot upto 1000000 warrants at a price of Rs 80/- per warrant, on a preferential basis to Promoters / Promoter Group(s) / including Persons Acting in Concert with them (PAC), and as detailed in the explanatory statement forming part of this Notice with a right to subscribe, to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs 6/- each fully paid up at a price of Rs 80/- including premium of Rs 74/-, which price is calculated in accordance with the Guidelines for Preferential Issue issued by SEBI so that the total number of equity shares to be issued by the Company upon conversion of the warrants does not exceed 1000000 Equity Shares, on such terms and conditions as may, be decided and deemed appropriate by the Board of Directors of the Company (hereinafter referred to as the "Board" which shall be deemed to include any duly authorized committee thereof) at the time of issue or allotment, subject to the overall guidelines governing such issue.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
1. 1350000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 187500 Equity Shares being allotted to Other Investors shall be locked in for a period of 1 year.
2. The Equity Shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. August 07, 2007 upto a period of six months from the date of allotment of Equity Shares.
Almondz Global Securities Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 06, 2007, have authorised the Board to create, offer, issue and allot 1537500 Equity Shares of the Company having a face value of Rs 6/- each at a price of Rs 80/- per Equity Share including premium of Rs 74/- on a preferential basis and Promoters / Promoter Group(s) / including Persons Acting in Concert with them (PAC) and Other Investors or select group of persons, and to create, offer, issue and allot upto 1000000 warrants at a price of Rs 80/- per warrant, on a preferential basis to Promoters / Promoter Group(s) / including Persons Acting in Concert with them (PAC), and as detailed in the explanatory statement forming part of this Notice with a right to subscribe, to equal number of equity shares, on conversion within a period of 18 months, of nominal value of Rs 6/- each fully paid up at a price of Rs 80/- including premium of Rs 74/-, which price is calculated in accordance with the Guidelines for Preferential Issue issued by SEBI so that the total number of equity shares to be issued by the Company upon conversion of the warrants does not exceed 1000000 Equity Shares, on such terms and conditions as may, be decided and deemed appropriate by the Board of Directors of the Company (the "Board" which shall be deemed to include any duly authorized committee thereof) at the time of issue or allotment, subject to the overall guidelines governing such issue.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
1. 1350000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 187500 Equity Shares being allotted to Other Investors shall be locked in for a period of 1 year.
2. The Equity Shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. August 07, 2007 upto a period of six months from the date of allotment of Equity Shares.
(As Per BSE Announcement Website Dated on 11/09/2007) |
| 06-Jan-07 |
| Allianz Securities Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 06, 2007, to Change the name of the Company from "Allianz Securities Ltd" to "Almondz Global Securities Ltd", & consequential amendments in the Memorandum & Articles of Association of the Company.
Allianz Securities Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on January 06, 2007, have unanimously passed the special resolution for changing the name of the Company from "Allianz Securities Ltd" to "ALMONDZ GLOBAL SECURITIES LTD", and that the name of the Company, wherever it appears in Memorandum & Articles of Association, documents, contracts, etc., be substituted by the new name ALMONDZ GLOBAL SECURITIES LTD., in due course.
(As Per BSE Announcement Website Dated on 08/01/2007) |