| Biopac India Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2007, inter alia, has transacted the following:
Convening of an Extra-Ordinary General Meeting of the Shareholders of the Company on June 18, 2007 for obtaining approval of the shareholders in the matters at (01) & (02) above.
Biopac India Corporation Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 18, 2007, inter alia, have accorded to the following:
A. To increase the Authorised Share Capital of the Company from Rs 16,50,00,000/- divided into 1,65,00,000 Equity Shares of Rs 10/- each to Rs 20,00,00,000/- divided into 2,00,00,000 Equity Shares of Rs 10/- each subject to necessary provisions and approvals and consequential amendments in the Memorandum and Articles of Association of the Company.
B. To offer, issue and allot 23,00,000 Warrants of the face value of Rs 10/- each to Individual Investors (Non-Promoters) and Independent Directors of the Company namely:
Name of Individual Investors (Non-Promoters)-
1. Mr. Nikhil Vora - 10,00,000 No. of Warrants
2. Mr. Ajay Sarpuria - 3,75,000 No. of Warrants
3. Mr. Lashit Sanghavi & Mr. Ashwin Kedia - 3,75,000 No. of Warrants
4. Mr. Naishad Paleja - 1,50,000 No. of Warrants
5. Mr. Prashant Desai - 50,000 No. of Warrants
6. Mr. Faizal Hawa - 1,50,000 No. of Warrants
7. Mr. Manish Vora - 50,000 No. of Warrants
8. Mr. Himanshu Vora - 50,000 No. of Warrants
9. Mr. Pathik Gandodtra - 50,000 No. of Warrants
Name of Independent Directors:
1. Mr. Harshad Valia - 12,500 No. of Warrants
2. Mr. Mehul Patel - 12,500 No. of Warrants
3. Mr. R S Maker - 12,500 No. of Warrants
4. Mrs. Smita Sanghavi - 12,500 No. of Warrants
entitling holder thereof to exchange One Equity share of Rs 10/- each against One such Warrant at a price of Rs 10/- per Warrant or the price arrived at as per DIP Guidelines 13.1.1, on the Relevant Date, whichever is higher, as stated hereunder:
i) The average weekly high and low of the closing prices of the related shares quoted on the Stock Exchange during the six month preceding the relevant date; or
ii) The average weekly high and low of the closing prices of the related shares quoted on the Stock Exchange during the two weeks preceding the relevant date on the terms and conditions.
(As Per BSE Announcement Website Dated on 23/05/2007)
Biopac India Corporation Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 18, 2007, inter alia, have unanimously passed the following ordinary / special resolutions:
1. Increase in Authorised Share Capital of the Company from Rs 16.50 crores to Rs 20.00 crores & consequential alteration of Clause - V of the Memorandum of Association of the Company.
2. Alteration on Article - 2 of the Articles of Association of the Company in view of the above.
3. Offer, issue & allot 23,00,000 warrants to the individual investors (Non-Promoters) & Independent Directors of the Company.
(As Per BSE Announcement Website Dated on 18/06/2007)
Biopac India Corporation Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on June 18, 2007, inter alia, have accorded to the Board to offer, issue and allot 23,00,000 Warrants of the face value of Rs 10/- each Individual investors (Non-Promoters) and Independent Director of the Company namely:
A) Individual Investors (Non- Promoters)
1. Mr. Nikhil Vora - 10,00,000 No of Warrants
2. Mr. Ajay Sarupria - 3,75,000 No of Warrants
3. Mr. Lashit Sanghavi & Mr. Ashwin Kedia - 3,75,000 No of Warrants
4. Mr. Naishad Paleja - 1,50,000 No of Warrants
5. Mr. Prashant Desai - 50,000 No of Warrants
6. Mr. Faizal Hawa - 1,50,000 No of Warrants
7. Mr. Manish Vora - 50,000 No of Warrants
8. Mr. Himanshu Vora - 50,000 No of Warrants
9. Mr. Pathik Gandodtra - 50,000 No of Warrants
B) Independent Directors
1. Mr. Harshad Valia - 12,500 No of Warrants
2. Mr. Mehul Patel - 12,500 No of Warrants
3. Mr. R S Maker - 12,500 No of Warrants
4. Mrs. Smita Sanghavi - 12,500 No of Warrants
entitling holder thereof to exchange One Equity share of Rs 10/- each against One such Warrant at a price of Rs 10/- per Warrant or the price arrived at as per DIP Guidelines 13.1.1, on the Relevant Date, whichever is higher.
(As Per BSE Announcement Website Dated on 10/07/2007) |