| 02-Apr-11 |
| Havells India Ltd has informed BSE that pursuant to an order made on February 09, 2011 the Hon'ble High Court of Delhi has directed that a meeting of the Equity Shareholders of the Transferee Company/ Applicant Company will be held on April 02, 2011, for the purpose of considering, and if thought fit, approving, with or without modification, the scheme of amalgamation proposed to be made between Standard Electrical Ltd., Transferor Company and Equity shareholders of Havells India Ltd., Transferee Company.
Havells India Ltd has informed BSE that pursuant to an order made on February 09, 2011, the Hon'ble High Court of Delhi at New Delhi has directed that a meeting of Secured Creditors of the Transferee Company/ Applicant Company will be held on April 02, 2011, the purpose of considering, and if thought fit, approving, with or without
modification, the scheme of amalgamation proposed to be made between Standard Electrical Limited, Transferor Company and the secured creditors of Havells India Limited, Transferee Company.
Havells India Ltd has informed BSE that the Equity Shareholders & Secured Creditors of the Company at its Court Convened Meeting held on April 02, 2011, at Sri Sathya Sai International Centre, Pragati Vihar, Lodhi Road, New Delhi - 110 003, as per the Order dated February 09, 2011, passed by the Hon'ble High Court of Delhi for the purpose of considering and if thought fit, to pass, with or without modification, the Scheme of Amalgamation between the Company and one of its 100% subsidiaries, namely, Standard Electrical Ltd.
(As Per BSE Announcement Dated on 05.04.2011) |
| 21-Apr-10 |
| Havells India Ltd has informed BSE that, by an Order made on March 22, 2010, the Hon'ble High Court of Delhi has directed that a meeting of the equity shareholders & secured creditors of the Company will be held on April 21, 2010, for the purpose of considering, and if thought fit, approving with or without modification, the arrangement embodied in the Scheme of Arrangement and demerger between Havells India Ltd, Seven Wonders Holidays Pvt Ltd and Standard Electricals Ltd and their respective shareholders and creditors.
Havells India Ltd has informed BSE that Equity Shareholders and Secured Creditors at their Court Convened Meetings held on April 21, 2010, have approved the Scheme of arrangement for the demerger of 'Electrical business' of Standard Electricals Ltd on a going concern basis into Seven Wonders Holidays Pvt Ltd, a wholly owned subsidiary of Havells India Ltd, with such alteration or modification thereof as may be directo4ed by the Hon'ble High Court of Delhi, with requisite majority.
(As Per BSE Announcement Website dated on 22.04.2010) |
| 07-Feb-08 |
| Havells India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 07, 2008, inter alia, for obtaining consent of shareholders for inserting Articles 76 to 83 (both inclusive) after Article 75 in the Articles of Association of the Company.
Havells India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 07, 2008, inter alia, has passed the resolution for amendment in the Article of Association of the Company.
(As per BSE Announcement Website dated on 11/02/2008) |
| 19-Nov-07 |
| Havells India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 19, 2007, inter alia, to transact the following:
1. To issue / offer and allot to Seacrest Investment Ltd, a Warburg Pincus group Company, established in the republic of Mauritius as a Pvt Company under the Mauritius Companies Act, having its Registered Office at Mauritius ("Investor"):
A. 41,60,000 equity shares of Rs 5/- each ("Shares") at a price of Rs 625/- per Share aggregating to Rs 2,600,000,000/-; and
B. 26,00,000 warrants convertible into Shares ("Warrant") at Rs 690/- per Warrant ("Warrant Price") aggregating to Rs 1,794,000,000/- such that the total no. of shares issued (including shares issued upon Conversion of the Warfronts shall not exceed 67,60,000 Shares and Warrants are together referred to as the "Investor Shares") on a preferential allotment basis on such terms and conditions as the Board may think fit and proper, subject to necessary provisions and approvals.
i. The Shares to be so applied and allotted to the Investor as aforesaid shall be in the demat form.
ii. The Investor shall pay the consideration amount a) for the Shares before the allotment of said Shares; and b) for the Warrants, 10% of Warrant Price before the allotment of the Warrants and such amount shall be adjusted against the Warrant Price at the time of allotment of the Shares pursuant to the conversion of the Warrants. The balance amount of the Warrant Price shall be payable by the Investor to the Company at the time of conversion of the Warrants into Shares.
iii. All Warrants shall be convertible into Share(s) within a period of 18 months from the date of their allotment in one or more tranches.
iv. As per the SEBI (Disclosure and Investor Protection Guidelines), 2000, the relevant date for the purpose of pricing for the Investor Shares is October 20, 2007, being the 30th day prior to November 19, 2007 (i.e., the 30th day prior to the date on which the meeting of the general body of shareholders is held.
v. Consent and approval of the Company be and is hereby accorded to the Board to, and the Board is hereby authorized to, offer, issue and allot one Share for every one Warrant to the holders of such Warrants upon conversion of the Warrants.
vi. In the event that the Investor exercises the option to convert only a part of the Warrants, the Company shall issue a new Warrant certificate and / or new Warrant certificates in respect of the unexercised Warrants, and deliver the same to the investor at the same time as allotment of Shares in respect of the exercised Warrant.
vii. The number of shares that each Warrant converts into and the price per Share upon conversion of the Warrants shall be appropriately adjusted for the Corporate actions such as bonus issues rights Issues, stock split or any capital or corporate restructuring.
viii. Prior to the exercise of the option to convert the Warrants into Shares and allotment of the corresponding Shares, the Investor shall not be entitled to any rights as shareholders of the Company respect to the Shares into, which the Warrants are exercisable, including the right to vote and to right to receive dividends.
ix. The Shares and Warrants to be allotted and allotted to the investors shall be subject to the provisions of the Memorandum and Articles of Association of the Company and the Shares shall rank pari passu with the then existing "Shares" of the Company from the date of their allotment. Such new equity shares when issued and allotted as aforesaid shall be entitled for dividend for the complete financial year, if any, declared for the financial year of the Company in which the Shares are allotted.
x. The Board be and is hereby authorized to delegate all or any of the powers herein conferred by this resolution to any director or directors or to any committee to directors or any other officer or officers of the Company to give effect to the aforesaid resolution.
Havells India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 19, 2007, inter alia, have passed the resolution for issue of Shares / Warrants to M/s Seacrest Investment Ltd, a Warburg Pincus Group Company on preferential allotment basis.
(As Per BSE Announcement Website Dated on 23/11/2007)
Havells India Ltd has informed BSE that pursuant to the special resolution passed at the Extra Ordinary General Meeting of the Company held on November 19, 2007, the Finance Committee of Board of Directors of the Company at its meeting held on November 26, 2007, allotted the following securities to M/s. Seacrest Investment Ltd., a Warburg Pincus group Company, established in the republic of Mauritius as a private Company under the Mauritius Companies Act, having its Registered Office at Port Louis, Mauritius:
a. 41,60,000 equity shares of Rs 5/- each ("Shares") at a price of Rs 625/- per Share aggregating Rs 2,600,000,000/-.
b. 26,00,000 warrants convertible into shares ("Warrants") at Rs 690/- per Warrant ("Warrant Price") aggregating to Rs 1,794,000,000/- (as per the terms and conditions, 10% of Warrant Price i.e. Rs 69/- is received on allotment).
Further the Company has informed that, Mr. Niten Malhan is appointed as an Additional Director of the Company with immediate effect.
(As Per BSE Announcement Website Dated on 06/12/2007) |
| 20-Jan-07 |
| To call for Extra Ordinary General Meeting of the Company on January 20, 2007.
Havells India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on January 20, 2007, inter alia, to transact the following:
1. To issue / offer and allot pursuant to international / domestic offerings in one or more foreign / Indian markets, Equity Shares / Preference Shares / Convertible Notes / Securities with or without detachable warrants / any Securities convertible into Equity Shares whether optionally or otherwise / Euro Convertible Bonds (ECBs) / Qualified Institutional Placements (QIPs) / Foreign Currency Convertible Bonds (FCCBs) / Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Secured Premium Notes (SPN), or any other instruments, (Securities) for an aggregate amount not exceeding the then Indian Rupee equivalent to US$ 150 Million (with permissible green shoe option) of equivalent in Indian and / or in any other currency(ies) (inclusive of such premium as may be fixed on such Equity Shares) or upto such limit as may be permitted by the Ministry of Finance or such other Authorities whichever is higher, subject to necessary provisions & approvals.
2. To borrow at its discretion, either from the Company's Bank or any other Indian or Foreign Bank(s), Financial Institution(s) and / or any other Lending Institutions or persons from time to time such sum(s) of money(s) and the sum(s) to be borrowed together with the money(s) already borrowed by the Company (apart from temporary loans obtained from the Company's bankers / FIs in the ordinary course of business) with or without security on such terms and conditions as they may think fit shall exceed the aggregate of the paid-up capital and free reserve of the Company that is, reserves not set apart for any specific purpose provided that the total amount together with the money(s) already borrowed by the Board of Directors but shall not exceed the sum of Rupees 2500 crores at any one time.
3. Increase in the authorised Share Capital of the Company from Rs 30,00,00,000/- divided into 6,00,00,000 Equity Shares of Rs 5/- each to Rs 40,00,00,000/- divided into 8,00,00,000 Equity shares of Rs 5/- each & consequential amendments in Memorandum of Association of the Company.
4. To delete Article Nos 76 to 86 (both Inclusive) from the Articles of Association of the Company.
(As Per BSE Announcement Dated on 02/01/2007)
Havells India Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on January 20, 2007, inter alia, have accorded to the following:
1. Issue of FCCBs / QIPs / ADRs / GDRs etc.
2. Enhancement of borrowing limit to Rs 2500 Crores.
3. Increase in Authorised Share Capital of the Company to Rs 40 Crores.
4. Deletion of Article nos. 76 to 86 of Articles of Association of the Company.
(As Per BSE Announcement Website Dated on 24/01/2007) |