| 29-Apr-11 |
| Emco Ltd has informed BSE that, pursuant to delegation of authority by the Board of Directors at Its meeting held on March 03, 2011, the Compensation Committee of the Board of Directors of the Company, named as 'ESOP and Preferential Issue Committee' at its meeting held on March 25, 2011, has framed the 'Employee Stock Option Scheme 2011' of the Company. The said scheme is subject to the approval of the members of the Company.
Under the scheme, the Company will offer maximum of 30,00,000 Stock Options to the eligible persons (including employees and Directors) of the Company and its present and future subsidiaries. Each Stock Option shall carry a right to subscribe 1 equity share of Rs. 2/- each of the Company at a later date. Thus, in aggregate, not more than 30,00,000 equity shares of Rs. 2/- each can be issued and allotted pursuant to the above said scheme of the Company.
For obtaining approval of the members of the Company to the said Employees Stock Option Scheme, an Extra-ordinary General Meeting of the members of the Company is convened on April 29, 2011 at the Registered Office of the Company.
Emco Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Members of the Company will be held on April 29, 2011, inter alia, to transact the following business:
1. To create, offer, issue and grant up to 30,00,000 (Thirty Lacs) Equity Stock Options to the eligible present and future employees and Directors (whether whole time Directors or not) of the Company and other eligible persons as defined in the Guidelines, through Employee Stock Option Scheme-2011 ('ESQS' or 'the Scheme') of the Company, which entitles the option holders to subscribe one equity share of the Company of Rs.2/- (Rupees Two Only) against each option granted to them I e in total 30,00,000 (Thirty Lacs) equity shares aggregating to face value of Rs. 60,00,000/- (Rupees Sixty Lacs Only), on the terms and conditions and in the manner as set out in the Explanatory Statement to this item and in the draft ESOS now placed before this meeting and initialed by the Chairman for the purpose of identification, and on such other terms and conditions and in such tranches as may be decided by the Board in its absolute discretion.
2. To extend the benefits of the Employee Stock Option Scheme-2011 ('ESOS' or 'the Scheme') to all eligible present and future employees a/id Directors of existing and future Indian or Foreign subsidiaries) of the Company, and/or to such other eligible persons, as may. from time to time, be allowed under prevailing laws, rules,, regulations and guidelines, on such term and conditions as may be decided by the Board.
(As Per BSE Announcement Website dated on 31.03.2011)
Emco Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 29, 2011, inter alia, have accorded to the following:
1. Authority to the Board to create, offer, issue and grant up to 30,00,000 (Thirty Lacs) Equity Stock Options to the eligible present and future employees and Directors (whether whole time Directors or not) of the Company and other eligible persons as defined in the Guidelines, through Employee Stock Option Scheme-2011 ('ESQS' or 'the Scheme') of the Company, which entitles the option holders to subscribe one equity share of the Company of Rs.2/- (Rupees Two Only) against each option granted to them I e in total 30,00,000 (Thirty Lacs) equity shares aggregating to face value of Rs. 60,00,000/- (Rupees Sixty Lacs Only), on the terms and conditions and in the manner as set out in the Explanatory Statement to this item and in the draft ESOS now placed before this meeting and initialed by the Chairman for the purpose of identification, and on such other terms and conditions and in such tranches as may be decided by the Board in its absolute discretion.
2. Authority to the Board to extend the benefits of the Employee Stock Option Scheme-2011 ('ESOS' or 'the Scheme') to all eligible present and future employees a/id Directors of existing and future Indian or Foreign subsidiaries) of the Company, and/or to such other eligible persons, as may. from time to time, be allowed under prevailing laws, rules,, regulations and guidelines, on such term and conditions as may be decided by the Board.
(As Per BSE Announcement Website dated on 29.04.2011) |
| 22-Jun-09 |
| Emco Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2009, inter alia, has considered the following:
Approved further issue of 63,00,000 warrants to a promoter (Mr. Rajesh S Jain). Each warrant has an option to apply for 1 equity share of Rs 2/- each. The price (including premium) of 1 (one) equity share of Rs 2/- each to be allotted on exchange/surrender of the said warrant shall not be lower than the minimum price specified as per SEBI Guidelines for Preferential Issues (Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000), considering 30 days prior to the date of the Extra Ordinary General Meeting as the Relevant Date, but not less than Rs 62/- (Rupees Sixty Two Only) per equity share of Rs 2/- each and calling of Extra-ordinary General Meeting on June 22, 2009, inter-alia to consider the said preferential allotment.
Emco Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Members of the Company will be held on June 22, 2009, to transact the following business:
1. Re-appointment and remuneration of Mr. R S Shah Whole time Director (Director - Technical) of the Company, for a period commencing from April 19, 2009 upto April 18, 2010 upon the terms and conditions.
2. To appoint Ms. Meenakshi Jain, as Vice President with effect from September 24, 2009 on remuneration, terms and conditions.
3. To create, offer, issue and allot in one or more lot(s), on private placement and / or preferential basis, not exceeding 63,00,000 (Sixty Three Lakhs Only) warrants, each warrant carrying one option / entitlement to subscribe to one number of Equity Share of the Company of Rs 2/- each, against each such option on a future date in one or more tranches (i.e. option / entitlement to subscribe to maximum number of 63,00,000 (Sixty Three Lakhs Only) Equity Shares of Rs 2/- each in aggregate), within a period not exceeding 18 (Eighteen) months from the date of issue of such warrants, to the following promoter of the Company:
Name of the proposed Allottee - Mr. Rajesh S Jain
- Maximum No. of Warrants to be allotted - 63,00,000
The total number of shares to which the aforesaid proposed allottee will become entitled to, considering the one option available per warrant shall be 63,00,000 (Sixty Three Lakhs only) Equity Shares of Rs 2/- each, subject to necessary provision and approvals.
(As Per BSE Announcement Website dated on 29.05.2009)
Emco Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 22, 2009, inter alia, have accorded the following:
1. Re-appointment and remuneration of Mr. R S Shah Whole time Director (Director - Technical) of the Company, for a period commencing from April 19, 2009 upto April 18, 2010 upon the terms and conditions.
2. Appointment of Ms. Meenakshi Jain, as President with effect from September 24, 2009 on remuneration, terms and conditions.
3. Authority to the Board to create, offer, issue and allot in one or more lot(s), on private placement and / or preferential basis, not exceeding 63,00,000 (Sixty Three Lakhs Only) warrants, each warrant carrying one option / entitlement to subscribe to one number of Equity Share of the Company of Rs 2/- each, against each such option on a future date in one or more tranches (i.e. option / entitlement to subscribe to maximum number of 63,00,000 (Sixty Three Lakhs Only) Equity Shares of Rs 2/- each in aggregate), within a period not exceeding 18 (Eighteen) months from the date of issue of such warrants, to the following promoter of the Company:
Name of the proposed Allottee - Mr. Rajesh S Jain
- Maximum No. of Warrants to be allotted - 63,00,000
The total number of shares to which the aforesaid proposed allottee will become entitled to, considering the one option available per warrant shall be 63,00,000 (Sixty Three Lakhs only) Equity Shares of Rs 2/- each, subject to necessary provision and approvals.
(As Per BSE Announcement Website dated on 22.06.2009) |
| 25-Feb-08 |
| The Board has decided and approved the sub division of the Equity Shares of the Company having face value of Rs 10/- each to face value of Rs 2/- each. Accordingly for 1 (one) Equity Share of Rs 10/- each, 5 (five) Equity Shares of Rs 2/- each will be allotted, subject to approval of members of the Company and other approvals, if any. For which an Extra Ordinary General Meeting of the members is called on February 25, 2008.
Emco Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 25, 2008, inter alia, to transact the following:
1. To sub-divide each Equity Share of the nominal value of Rs 10/- (Rupees Ten Only) each fully paid up in the capital of the Company into 5 (Five) Equity Shares of Rs 2/- (Rupees Two Only) each fully paid up.
2. To alter the existing clause V of the Memorandum of Association of the Company by deleting therefrom and substituting in place thereof the following as new clause V:-
V. The Authorised Share Capital of the Company is Rs 20,00,00,000/- (Rupees Twenty Crores Only) divided into 7,50,00,000 Equity Shares of Rs 2/- (Rupees Two Only) each and 5,00,000 Cumulative Redeemable Preference Shares of Rs 100/- each, with the rights and privileges and conditions attaching thereto as are provided by the Articles of Association of the Company for the time being with the power to increase and reduce the capital and to divide the shares in the capital for the time being into several classes and to attach thereto respectively such preferential, deferred, qualified or special rights, privileges or conditions as may be determined by or in accordance with the Articles of Association of the Company for the time being and to vary, modify or abrogate any such rights, privileges or conditions in such manner as may be permitted by the Act or provided by the Articles of Association of the Company for the time being.
3. To alter the existing Article 3 of the Articles of Association of the Company by deleting therefrom and substituting in place thereof the following as new Article 3:-
3. The Present Authorised Share Capital of the Company is Rs 20,00,00,000/- (Rupees Twenty Crores Only) divided into 7,50,00,000 (Seven Crore Fifty Lac) Equity Shares of Rs 2/- (Rupees Two Only) each aggregating to Rs 15,00,00,000/- (Rupees Fifteen Crores Only) and 5,00,000 (Five Lac) Cumulative Redeemable Preference Shares of Rs 100/- (Rupees One Hundred Only) each aggregating to Rs 5,00,00,000/- (Rupees Five Crores Only).
(As per BSE Announcement Website dated on 06/02/2008)
Emco Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 25, 2008 inter alia, have accorded to the following:
1. Sub-division of Equity Shares of nominal value of Rs 10/- each to Equity Shares of nominal value of Rs 2/- each.
2. Consequent alteration of Clause V of the Memorandum of Association and Article 3 of the Articles of Association of the Company.
(As per BSE Announcement Website dated on 25/02/2008) |
| 13-Nov-07 |
| E.G.M. 13/11/2007
Emco Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 13, 2007, inter alia, to create, offer, issue and allot in one or more lot(s), on private placement and / or preferential basis, not exceeding 17,00,000 (Seventeen Lacs Only) warrants, each warrant carrying one option / entitlement to subscribe to one number of Equity Share of the Company of Rs 10/- each, against each such option on a future date (i.e. option / entitlement to subscribe to maximum number of 17,00,000 (Seventeen Lacs Only) Equity Shares of Rs 10/- each in aggregate), within a period not exceeding 18 (Eighteen) months from the of issue of such warrants, to Mr. Shailesh Jain, promoter of the Company.
The total number of shares to which the aforesaid proposed allottee will become entitled to, considering one option available per warrant shall be 17,00,000 (Seventeen Lacs Only) Equity shares of Rs 10/- each.
(As Per BSE Announcement Website Dated on 30/10/2007)
Emco Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 13, 2007, have approved the issue of 17,00,000 (Seventeen Lacs only) warrants to Mr. Shailesh Jain, Promoter who is also the Managing Director of the Company, carrying an option to acquire equivalent number of equity shares at a price of not less than Rs 1,150/- (Rupees One Thousand One Hundred and Fifty Only) as per Guidelines for Preferential Issues - Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.
(As Per BSE Announcement Website Dated on 13/11/2007) |
| 18-Aug-07 |
| Emco Ltd has informed BSE that pursuant to the Order made by the High Court of Judicature at Bombay, a meeting of the equity shareholders of the Company will be held on August 18, 2007, for the purpose of considering and, if though fit, approving with or without modification(s), the Scheme of Amalgamation of Urja Engineers Ltd and India Energy Investments Pvt Ltd with the Company and their respective shareholders.
Emco Ltd has informed BSE that the equity shareholders of the Company at their Court Convened Meeting held on August 18, 2007, have approved the Scheme of Amalgamation of Urja Engineers (UEL) and India Energy Investments Pvt Ltd (IEIPL) with the Company and their respective shareholders, with requisite majority.
(As Per BSE Announcement Website Dated on 20/08/2007) |