| The Board has approved the issue of 2,00,00,000 Equity Shares of Rs 2/- each at a price of Rs 4.75 per share (inclusive premium of Rs 2.75) for cash on preferential basis in terms of Chapter XIII of SEBI (Disclosure & Investors Protection) Guidelines, 2000 as amended.
An Extra-ordinary General Meeting of the Members of the Company shall be convened on February 04, 2008 to obtain the approval of the Shareholders of the Company for the same.
Blue Chip India Ltd has informed BSE that the Extra-Ordinary General Meeting (EGM) of the members of the Company scheduled to be held on February 04, 2008 for proposed Preferential Issue of Equity Shares has been cancelled as the company has received a letter dated January 30, 2008 from Kanishka Merchants Pvt Ltd one of the proposed subscriber expressing their unwillingness to subscribe 1,05,00,000 Equity Shares due to lack of funds.
Hence the Board of the Directors of the Company decided not to hold and cancel the Extra-Ordinary General Meeting.
(As per BSE Announcement Website dated on 31/01/2008) |
| EGM 24/10/2005
To obtain approval of the shareholders as per the requirement of Section 81 of the Companies
Act, 1956.
Blue Chip India Ltd has informed the Exchange that the Board of Directors at its meeting held on September 29, 2005, have decided to issue 250,00,000 Equity Shares of face value of Rs.2/- each and 250,00,000 Share Warrants convertible into Equity Shares to promoters as well as to entities other than promoters of the Company on preferential basis at a price as
determined in accordance with the SEBI guidelines and as per the provisions of Section 81(1A) of the Companies Act, 1956.
In this connection, the Board have decided to call an Extra-Ordinary General Meeting of the Company on October 24, 2005 to obtain approval of the Shareholders of the Company.
(As per NSE Bulletin dated on 29/09/2005)
Blue Chip India Ltd has submitted to the Exchange a copy of the Notice of EGM of the Company to be
held on October 24, 2005 to obtain approval of the Shareholders of the Company in the matter of Allotment of Equity Shares and Share Warrants on preferential basis pursuant to Section 81(1A) of the Companies Act, 1956.
(As per NSE Bulletin dated on 05/10/2005)
Blue Chip India Ltd has informed the Exchange that the Board Meeting scheduled to be held on November 11, 2005 for the purpose of allotment of equity shares and equity share warrants on preferential basis to promoters and to entities
other than promoters of the Company pursuant to the approval of the shareholders at the EGM of the Company held on October 24, 2005 stands cancelled.
(As per NSE Bulletin dated on 07/11/2005)
Blue Chip India Ltd has submitted to the Exchange a copy of the proceedings of the EGM of the Company held on October 24, 2005.
(As per NSE Bulletin dated on 09/11/2005)
The company has informed that the members at the Extraordinary General Meeting (EGM) of the Company held on October 24, 2005, inter alia, have accorded authority to the Board to offer, issue and allot the following shares and warrants for cash on a preferential basis in one or more tranches and on such terms and conditions as may deem fit and appropriate by the Board :
a) upto 2,50,00,000 fully paid-up Equity Shares of the Company of face value of Rs 2/- per Equity Share at a price of Rs 6.40 per Equity Share (inclusive of a premium of Rs 4.40 per Equity Share) as calculated in accordance with the SEBI
guidelines, upto 50,00,000 fully paid-up Equity Shares each at a price of Rs 6.40 per Equity Share (inclusive of a premium of Rs 4.40 per Equity Share) to M/s Kanoi Steels Ltd, Twinkle Traders Pvt Ltd and S G Promoters Pvt Ltd respectively, being entities other than promoters, and up to 50,00,000 fully paid-up Equity Shares each at a subscription price of upto Rs 6.40 per Equity Share (inclusive of a premium of Rs 4.40 per Equity Share) to M/s Parichay Sales Pvt
Ltd and Vertual Vanijya Pvt Ltd, being the Promoters of the Company.
b) upto 2,50,00,000 warrants, exercisable in one or more tranches, within a period of 9-18 months and each warrant providing the holder the option to subscribe to one fully paid-up Equity Share for every warrant (aggregating to 2,50,00,000 Equity Shares) at an exercise price of Rs 6.40 per Equity Share as calculated in accordance with the SEBI
guidelines, upto 70,00,000 warrants each to be allotted to M/s Kanoi Steels Ltd, Twinkle Traders Pvt Ltd and S G Promoters Pvt Ltd respectively being entities other than promoters and 20,00,000 warrants, each to M/s. Parichay Sales Pvt Ltd and Vertual Vanijya Pvt Ltd, being Promoters of the Company and each warrant providing the holder the option to subscribe to one fully paid-up Equity Share for every warrant (aggregating to 2,50,00,000 Equity Shares) at a price of
Rs 6.40 per Equity Share calculated as per the prescribed SEBI guidelines in this respect Re 0.64 (being 10% of the issue price) to be payable at the time of allotment of the warrant and Rs 5.76 would be payable at the time of exercise of the
warrant, which shall be exercisable in one or more tranches between 9-18 months from the date of issue of the said warrants as per the guidelines issued by SEBI from time to time.
(As per BSE Bulletin dated on 09/11/2005) |
| Blue Chip India Ltd has informed the Exchange that the Board of Directors at the meeting held on September 09, 2005, decided to issue 200,00,000 Equity Shares of Face Value of Rs.2/- each and 200,00,000 Equity Share Warrants convertible into Equity Shares to entities other than promoters of the Company on preferential basis at a price as applicable in accordance
with SEBI Guidelines and in terms of provisions of Section 81 of the Companies Act 1956.
Further the Board has decided to call an Extra-Ordinary General Meeting of the Company on October 18, 2005 in order to obtain approval of the Shareholders as per requirement of Section 81 of the Companies Act, 1956. |