| 05-Jul-10 |
| Amtek Auto Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on July 05, 2010.
Amtek Auto Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 05, 2010, inter alia, have passed the resolution to consider the issue upto 240,00,000 warrants convertible into equity shares of Rs. 2/- per share at a premiumof Rs. 178/- aggregating of Rs. 432 Crores to Promoter group companies by way of Preferential basis.
(As Per BSE Announcement Website dated on 05.07.2010) |
| 17-Jul-09 |
| Amtek Auto Ltd has informed BSE that the an Extra Ordinary General Meeting (EGM) of the Members of the Company will be held on July 17, 2009, inter alia, to transact the following business:
1. To create, offer, issue and allot in one or more tranches, whether rupee denominated or denominated in foreign currency, in the course of international and / or domestic offering(s) in one or more foreign markets and/or domestic market, for a value of up to US$ 175 millions, representing such number of Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), and/or Equity Shares through Depository Receipt Mechanism and/or any Other Financial Instruments (OFIs) convertible into or linked to Equity Shares or with or without detachable warrants with a right exercisable by the warrant holders to convert or subscribe to the Equity Shares or otherwise, in registered or bearer form ('Securities') or any combination of Securities to any person including foreign / resident investors (whether institutions, incorporated bodies, mutual funds and / or individuals or otherwise), Foreign Institutional Investors, Promoters, Indian and / or Multilateral Financial Institutions, Mutual Funds, Non-Resident Indians, Employees of the Company and / or any other categories of investors, whether they be holders of shares of the Company or not ('Investors') through public issue(s) of prospectus, private placement(s) or a combination thereof at such time or times, at such price or prices, at a discount or premium to the market price or prices in such manner and on such terms and conditions including security, rate of interest, etc., as may be decided by and deemed appropriate by the Board in its absolute discretion including the discretion to determine the categories of Investors to whom the offer, issue and allotment shall be made to the exclusion of all other categories of Investors at the time of such issue and allotment considering the prevailing market conditions and other relevant factors wherever necessary in consultation with the Lead Managers, as the Board in its absolute discretion may deem fit and appropriate, subject to necessary provision and approvals.
2. For the borrowing by the Board from time to time, subject to any restriction imposed by the terms of the agreements as may have been entered into or may be entered into from time to time for grant of any assistance to the Company, of all moneys deemed by them to be requisite or proper for the purpose of carrying on the business of the Company so, however, that the total amount of such borrowing shall not exceed Rs 5000 Crores notwithstanding that the moneys to be borrowed together with the money's already borrowed by the Company (apart from temporary loans, if any, obtained from the Company's bankers in the ordinary course of business) will exceed the aggregate of the paid-up capital and free reserves of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose.
3. To mortgage or lease and / or create charge in addition to charge created / to be created by the Company, on all or any of the moveable and immoveable, tangible and / or intangible properties of the Company, wherever situate, both present and future, with such ranking as the Board may in its absolute discretion decide, on such terms and conditions and at such time or times or in such form and manner as it may deem fit, in favour of various financial institutions / Banks / Trustees for the Bond and/or Debenture holders etc. ('the lenders') to secure any Term Loans / Cash Credit Facilities / Debenture / Bonds or the like, obtained / to be obtained from any of the aforesaid lenders not exceeding Rs 5000 Crores (Rupee Five Thousand Crores Only) together with interest thereon at the respective agreed rates, compound interest, additional interest, liquidated damages, premia on prepayment or on redemption, costs, charges, expenses and other moneys payable by the Company to the aforesaid lenders in term of loan agreement(s) and / or any other document(s) entered into / to be entered into between the Company and the lenders(s) / agent(s) / trustee (s) in respect of the aforesaid financial facilities including bank guarantee facility.
Amtek Auto Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 17, 2009, inter alia, have accorded to the following:
1. Issue, offer and allot equity shares and / or foreign currency convertible bonds ('FCCBs') and / or global depository receipts and / or other securities convertible into equity shares and / or such other equity-linked instruments, for a value up to US $ 175 million.
2. To Authorize the Board under section 293(1)(d), to increase the borrowing limit to the extent of Rs 5000 Crores.
3. To Authorize the Board under section 293(1)(a) to mortgage, lease, and / or create charge on all or any of the moveable and / or immoveable properties of the Company in favour of lenders to secure various financial facilities not exceeding Rs 5000 Crores.
(As Per BSE Announcement Website dated on 17.07.2009)
Amtek Auto Ltd has informed BSE that in terms of the recommendation of the Board of Directors of the Company at its meeting held on June 17, 2009, and as approved by the shareholders at the Extra-Ordinary General Meeting of the Company held on July 17, 2009, the Committee of the Board of Directors of the Company has been authorized to decide on the terms for appropriate mode of further issue of equity shares, GDRs, ADRs, FCCBs, and / or any other securities convertible into or linked to Equity Shares to the extent of US$ 175mn. Accordingly, Committee of the Board of Directors of the Company at its meeting held on September 03, 2009 has approved the issuance of Foreign Currency Convertible Bonds 'FCCB', to be listed on the Singapore Stock Exchange and has decided to open the issue on September 03, 2009.
Jefferies International Ltd is the Sole Bookrunner and Sole Lead Manager for the offering.
(As Per BSE Announcement Dated on 03/09/2009) |
| 23-Jun-09 |
| Amtek Auto Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 23, 2009, inter alia, to create, offer, issue and allot upto 1,50,00,000 (One Crores Fifty lacs) warrants, entitling the warrant holder(s)time to time to apply for equity shares of the Company in two or more tranches, to promoters group Company by way of preferential issue in such manner and on such terms and conditions as may be determined by the Board in its absolute discretion, provided that the aggregate number of resultant equity shares of the Company against such warrants shall not exceed 1,50,00,000 (One Crore Fifty lacs) fully paid equity shares of the face value of Rs 2/- each at a premium of Rs 131/- aggregating to Rs 199.50 crores.
Amtek Auto Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 23, 2009 inter alia, have approved the proposal of allotment of 1,50,00,000 warrants convertible into Equity shares of Rs 2/- per share at a premium of Rs 131/- aggregating to Rs 199.50 Crores to the Promoter group Companies by way of preferential basis.
(As Per BSE Announcement Website dated on 23.06.2009) |
| 05-Apr-09 |
| Amtek India Ltd has informed BSE that pursuant to order of the Hon'ble High Court for the States of Punjab and Haryana at Chandigarh dated January 15, 2009, the meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company has been postponed to April 05, 2009.
Amtek Auto Ltd has informed BSE that by order made on November 14, 2008 and January 15, 2009 the Hon'ble High Court for the States of Punjab and Haryana at Chandigarh, has directed that a meeting of the Equity Shareholders of the Company will be held on April 05, 2009, for the purpose of considering and if thought fit, approving, with or without modification(s), the Scheme of Arrangement proposed to be made between Amtek Auto Ltd (Transferee Company) and Amtek India Ltd, Ahmednagar Forgins Ltd, Amtek Crankshafts (India) Ltd (formerly Amtek Siccardi India Ltd), Amtek Ring Gears Ltd (formerly Benda Amtek Ltd), Amtek Castings India Ltd, Amtek Auto Ltd (Transferor Companies) and its members and creditors.
(As Per BSE Announcement Website dated on 13.03.2009)
Amtek Auto Ltd has informed BSE that "The Hon'ble High Court for the States of Punjab and Haryana at Chandigarh, pursuant to an order dated November 14, 2008 and January 15, 2009, has directed that, separate meetings of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 05, 2009, for the purpose of considering the scheme of amalgamation of Amtek India Limited, Ahmednagar Forgings Ltd, Amtek Ring Gears Ltd, Amtek Crankshafts India Ltd and Amtek Castings India Ltd with Amtek Auto Ltd.
(1). The Shareholders of the Company in their meeting held on April 05, 2009, have approved the scheme of Amalgamation of Amtek India Ltd, Ahmednagar Forgings Ltd, Amtek Ring Gears Ltd, Amtek Crankshafts India Ltd and Amtek Castings India Ltd with Amtek Auto Ltd.
(2). The Meetings of the Secured and Unsecured Creditors of the company could not be commenced due to insufficient quorum.
The Chairman's of the meetings, as appointed by the Hon'ble High Court shall be filling their respective reports directly with the Hon'ble High Court".
(As Per BSE Announcement Website dated on 06.04.2009) |
| 05-Jun-06 |
| Amtek Auto Ltd has submitted to the Exchange a copy of the Notice for convening EGM which is scheduled to be held on June 05, 2006.
The company has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 05, 2006, inter alia, have accorded the following:
1. Authority to the Board issue, offer and allot equity shares / warrants and / or any instruments convertible into Equity Shares whether optionally or otherwise / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Foreign Currency Convertible Bonds (FCCBs) and / or Fully / Partially convertible Bonds / Debentures / Loans and / or Depository shares / Receipts and / or any other instruments / securities in the nature of Shares / Debentures / Bonds and / or warrants convertible into shares or otherwise ("Securities") for an aggregate sum upto US$ 250 millions or equivalent in Indian and / or any other currency(ies) inclusive such premium, as may be permitted by the Ministry of Finance / such other authorities, subject to necessary approvals & provisions.
2. Increase in Authorised Share Capital of the Company from Rs 70,00,00,000/- to Rs 80,00,00,000/- & consequential amendment in Memorandum & Articles of Association of the Company.
3. Increase the borrowing limit from Rs 20,000/- million to Rs 30,000/- million, subject to necessary approvals & provisions.
(As per BSE Bulltin Dated On 06/06/2006) |