| Board has approved the issue of 40,00,000 Warrants Convertible into equivalent number of fully paid up Equity Shares of Rs. 10/- each at a premium of Rs. 30/- per share, which shall be converted within 18 months from the date of allotment of Warrants to the Promoters / Promoter Group as under:
1. Name - Madhu Sudhan Bhageria (HUF)
No. of Warrants - 3,00,000
2. Name - Purrshottam Bhaggeria (HUF)
No. of Warrants - 2,75,000
3. Name - Madhav Bhageria (Individual)
No. of Warrants - 8,00,000
4. Name - Madhav Bhageria (HUF)
No. of Warrants - 1,40,000
5. Name - Azimuth Investments Ltd.
No. of Warrants - 12,65,000
6. Name - Nouvelle Securities Pvt. Ltd.
No. of Warrants - 12,20,000
TOTAL - 40,00,000
The aforesaid issue of Warrants shall be subject to the approval of the shareholders in the ensuing Extra Ordinary General Meeting.
The Extra Ordinary General Meeting will be held on February 17, 2010.
Filatex India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 17, 2010, inter alia, to transact the following business:
1. Pursuant to the provisions of Section 94 and other applicable provisions, if any, of the Companies Act, 1956, 1,25,00,000 Redeemable Preference Shares of Rs. 10 each which now comprises part of the Authorised Share Capital of the Company and which have been redeemed, be cancelled and in lieu thereof 1,25,00,000 Equity Shares of Rs. 10 each be created & consequential amendment in the Memorandum of Association of the Company.
2. To issue, offer and allot by way of Preferential Issue to the Promoters / persons belonging to Promoter Group 40,00,000 Convertible Warrants (Warrants) to be convertible at the option of Warrant holders in one or more tranches, within 18 months from the date of allotment of warrants into equivalent number of fully paid up Equity Shares of the Company of the face value of Rs. 10 each for cash at an exercise price of Rs. 40 per share (including premium of Rs 30 per share) to the Promoters / persons belonging to Promoter Group as under:
i. Name: Madhu Sudhan Bhageria (HUF)
- No. of Warrants: 3,00,000
ii. Name: Purrshottam Bhageria (HUF)
- No. of Warrants: 2,75,000
iii. Name: Madhav Bhageria (Individual & HUF)
- No. of Warrants: 9,40,000
iv. Name: Azimuth Investments Ltd
- No. of Warrants: 12,65,000
v. Name: Nouvelle Securities Pvt. Ltd
- No. of Warrants: 12,20,000.
(As Per BSE Announcement Dated on 29/01/2010)
Filatex India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2010, inter alia, has considered the request of one of the proposed allottees of Convertible Warrants of the Promoters / Promoter Group, Mr. Madhav Bhageria, that 8,00,000 Convertible warrants proposed to be allotted to him in his individual capacity as Madhav Bhageria now be allotted in the name of Madhav Bhageria (HUF).
As a result now it is proposed that out of total 40,00,000 convertible warrants, Madhav Bhageria (HUF) be allotted 9,40,000 Convertible warrants instead of 1,40,000 Convertible warrants. The Company proposes necessary modification / amendment in the proposed special resolution to be considered by the Shareholders.
The necessary information regarding this proposed modification is being circulated to the
shareholders as Corrigendum to the Notice of ensuing Extra Ordinary General Meeting to be held on February 17, 2010.
(As Per BSE Announcement Website dated on 01.02.2010)
Filatex India Ltd has submitted to BSE a copy of Corrigendum to the Notice of Extra Ordinary General Meeting (EGM) of the Company held on February 17, 2010.
The following amendment motion is proposed to be passed at the ensuing Extra Ordinary General Meeting:-
1. In Item No.2 of the Notice, the list of the allottees now be read as under:
1. Name : Madhu Sudhan Bhageria (HUF)
- No. of Warrants : 3,00,000
2. Name : Purrshottam Bhaggeria (HUF)
- No. of Warrants : 2,75,000
3. Name : Madhav Bhageria (HUF)
- No. of Warrants : 9,40,000
4. Name : Azimuth Investments Limited
- No. of Warrants : 12,65,000
5. Name : Nouvelle Securities Private Limited
- No. of Warrants : 12,20,000
TOTAL No. of Warrants : 40,00,000
(As Per BSE Announcement Website dated on 08.02.2010)
Filatex India Ltd has informed BSE that the Shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on February 17, 2010, inter alia, have approved the following:
1. Alteration of the Authorised Share Capital.
2. Issue of 40,00,000 Warrants, Convertible into equivalent number of fully paid up Equity Shares of Rs. 10/- each at a premium of Rs. 30/- per share, which shall be converted within 18 months from the date of allotment of Warrants, to the Promoters / Promoter Group as under:-
1. Name: Madhu Sudhan Bhageria (HUF)
- No. of Warrants: 3,00,000
2. Name: Purrshottam Bhaggeria (HUF)
- No. of Warrants: 2,75,000
3. Name: Madhav Bhageria (HUF)
- No. of Warrants: 9,40,000
4. Name: Azimth Investments Ltd
- No. of Warrants: 12,65,000
5. Name: Nouvelle Securities Pvt. Ltd
- No. of Warrants: 12,20,000.
(As Per BSE Announcement Website dated on 18.02.2010) |