| 27-Dec-06 |
| To convene Extra ordinary General Meeting on December 27, 2006 to seek approvl to the members for the above items.
Approval for the following:
1. To raise Capital subject to approval of shareholders by way of Qualified Institutional Placement (QIP) and / or Preferential Allotment on Private Placement basis by issue of Equity Shares at such premium to be determined as per SEBI (DIP)
Guidelines, 2000 provided the total amount by way of capital and Premium shall not exceed of Rs 110 Crores.
2. To Recommend shareholders approval to authorize Board of Directors of the Company for creation of charges / mortgage / hypothecation under Section 293(1)(a) of the Companies Act 1956.
Igarashi Motors India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 27, 2006, inter alia, to transact the following business:
1. Increased in the Authorised Share capital of the Company from Rs 20,00,00,000 to Rs 22,00,00,000 by the creation of 20,00,000 additional equity Shares of Rs 10/- each & consequential amendments in the Memorandum & Articles of Association of the Company.
2. To create, issue / offer, allot and deliver in one or more tranches to Qualified Institutional Buyers (QIBs) whether or not shareholders of the Company, through Qualified institutions Placement (QIPs) at such time in one or more tranches and at such price or in such manner and on such terms and conditions as the Board may in its absolute discretion hereinafter decide, in consultation with the Lead Managers, Merchant Bankers, Underwriters, Advisors and such other persons in domestic market as may be deemed fit, in the form of Equity Shares through Placement Document on private placement basis, from time to time as may be deemed the Board for an aggregate amount not exceeding Rs 110 Crores (Inclusive, such premium as may be permitted and decided by the Board), subject to necessary Provisions & approvals.
3. To create such mortgages /charges / hypothecations in addition to the existing mortgages, charges, hypothecations other encumbrances, if any, created by the Company as the Board may deem fit, on the assets of the Company both present and future for securing the sum monies aggregating to Rs 100 Crores over and above the paid up capital and free reserves, borrowed or to be borrowed, subject to necessary provisions and approvals.
(As Per BSE Announcement Website Dated On 04/12/2006)
Igarashi Motors India Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on December 27, 2006, have unanimously approved the following resolutions:
1. Increase in Authorised Share Capital from Rs 20 Crores to Rs 22 Crores.
2. Amendment to Memorandum and Articles of Association consequent to increase in Authorised Share Capital.
3. Issue and allot equity shares to Qualified Institutional Buyers through Qualified Institutional Placement (QIP) for an aggregate amount of Rs 110 Crores (inclusive capital and such Premium as may be permitted) pursuant to the provisions of Chapter XIII-A of SEBI (DIP), Guidelines, 2000.
4. Authorizing Board of Directors of the Company for creation of charges / mortgage / hypothecation under Section 293(1)(a) of the Companies Act, 1956 upto Rs 100 Crores over and above the paid up capital and reserves.
(As Per BSE Announcement Website Dated on 27/12/2006) |
| 20-Jan-06 |
| Has approved the following:
1. To issue total 11,25,000 Equity Shares of Rs 10/- each on Preferential basis, subject
to the approval of the members, at a Price of Rs 214/- per share (Including premium)amounting to Rs 240.70 million to M/s. T Rowe Price International Inc., and M/s. Lloyd George Investment Management (Bermuda) Ltd.
2. To convene an Extra-Ordinary General Meeting of the Company on January 20,2006 to transact the following business:
a. To Increase Authorised Share Capital from Rs 150 million to Rs 200 million and approve consequential amendments to Memorandum and Articles of Association of the Company.
b. To approve further issue of 11,25,000 equity shares on Preferential Basis.
Igarashi Motors India Limited has submitted to the Exchange a copy of the Notice of EGM of the members of the Company to be held on January 20, 2006.
(As per NSE Bulletin dated on 28/12/2005)
EGM 20/01/2006
To consider inter alia, to transact the following business:
1. Increase in Authorised Share Capital of the Company from Rs 15,00,00,000 to Rs 20,00,00,000 by the creation of 50,00,000 additional equity shares of Rs 10/- each and consequential alteration in Memorandum & Articles of Association of the Company.
2. Authority to the Board to create, issue / offer, allot and deliver in one or more tranches on a private placement and / or preferential basis which shall not exceed 11,25,000 equity shares of
Rs 10 each in the aggregate to M/s. T Rowe Price International Inc and M/s. Lloyd George Investment Management (Bermuda) Ltd at an issue price of Rs 214/- (including premium) per equity share a price which is higher than the minimum specified as per SEBI (Disclosure and Investor Protection) Guidelines 2000 (SEBI DIP Guidelines).
(As per BSE Bulletin dated on 29/12/2005)
The company has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 20, 2006, inter alia, have unanimously approved the following resolutions :
1. Increase in Authorised Share Capital from Rs 150 million to Rs 200 million.
2. Amendment to Memorandum of Association consequent to increase in Authorised Share Capital.
3. Amendment to Articles of Association consequent to increase in Authorised Share Capital.
4. Issue and allot equity shares not exceeding 11,25,000 on preferential basis of Rs 10/- each at an Issue Price of Rs 214/- (Incl Premium) per share in the aggregate to M/s. T Rowe Price International Inc., and M/s. Lloyd George
Investment Management (Bermuda) Ltd.
(As per BSE Bulletin dated on 20/01/2006)
The company has informed that the Allotment Committee of Directors of the Company at its meeting held on January 25, 2006, pursuant to the approval of the members at the Extra-ordinary General Meeting held on January 20, 2006, has
allotted the following fully paid equity shares of Rs 10/- each at a price of Rs 214/- each (Incl Premium) on preferential basis:
1. M/s T Rowe Price International Inc, - 4,25,000 No. of equity shares allotted.
2. M/s Lloyd George Investment Management (Bermuda) Ltd - 7,00,000 No. of equity shares allotted.
Consequently, the Paid up Share Capital of the Company has increased from 1,27,49,382 shares of Rs 10/- each aggregating Rs 12,74,93,820/-, to 1,38,74,382 shares of Rs 10/- each aggregating Rs 13,87,43,820/- as of January 25, 2006.
(As per BSE Bulletin dated on 27/01/2006) |
| 07-Apr-05 |
| Board has approved the following:
1. To increase the Authorised Capital from Rs 12,00,00,000/- to Rs 15,00,00,000/- and to
carry out the consequential amendments in the Memorandum and Articles of Association.
2. To proceed with the execution of the offer letter of Aeneas Capital Advisors subject
to all applicable rules and regulations, and:-
a. To issue and allot up to 8,55,556 equity shares of par value of Rs 10/- each, representing for cash, at a price of Rs 180/- per equity share (i.e. at a premium of Rs 170/- per share) which is higher than the price as per SEBI guidelines duly certified by the Company's Auditors on a preferential allotment basis to Aeneas Evolution
Portfolio Ltd, a Global Equity Investment fund established in Cayman island, who are advised by Aeneas Capital Advisors.
b. To issue and allot up to 8,55,556 warrants of Rs 18/- per warrant to Aeneas Evolution Portfolio Ltd, a Global Equity Investment fund established in Cayman island, who are acting through Aeneas Capital Advisors entitling the holders thereof
to subscribe up to 8,55,556 equity shares of par value of Rs 10/- at Rs 180/- per share excluding Rs 18/- paid at the time of allotment of warrants, any time within 18 months from their allotment.
3. Convening of a Extra Ordinary General Meeting of the shareholders of the Company to be held on April 07, 2005.
EGM 07/04/2005
To approve the following:
1. To increase the Authorised Capital from Rs 12,00,00,000/- to Rs 15,00,00,000/- and to
carry out the consequential amendments in the Memorandum and Articles of
Association.
2. To proceed with the execution of the offer letter of Aeneas Capital Advisors subject
to all applicable rules and regulations, and:-
a. To issue and allot up to 8,55,556 equity shares of par value of Rs 10/- each, representing for cash, at a price of Rs 180/- per equity share (i.e. at a premium of Rs 170/- per share) which is higher than the price as per SEBI guidelines duly certified by the Company's Auditors on a preferential allotment basis to Aeneas Evolution
Portfolio Ltd, a Global Equity Investment fund established in Cayman island, who are
advised by Aeneas Capital Advisors.
b. To issue and allot up to 8,55,556 warrants of Rs 18/- per warrant to Aeneas Evolution Portfolio Ltd, a Global Equity Investment fund established in Cayman island, who are acting through Aeneas Capital Advisors entitling the holders thereof
to subscribe up to 8,55,556 equity shares of par value of Rs 10/- at Rs 180/- per share excluding Rs 18/- paid at the time of allotment of warrants, any time within 18 months from their allotment.
Cg Igarshi Motors Ltd has submitted the notice of the EGM to be held on April 07, 2005.
(As per NSE Bulletin dated on 23/03/2005)
Cg Igarshi Motors Ltd has informed the Exchange that on receiving the approval of the shareholders vide the EGM held on April 07, 2005, the Board of Directors of the company have approved the allotment of equity shares and
optionally convertible warrants to M/s. Aeneas Evolution Portfolio Limited not exceeding 8,55,556 equity shares and number of warrants not exceeding 8,55,556 warrants.A sub-committee consisting of the Managing Director and an independent director is authorized to finalize the allotment after the receipt of funds from M/s. Aeneas Evolution Portfolio Limited and the
completion of all other formalities.
(As per NSE Bulletin dated on 11/04/2005)
Aeneas Capital Management has informed the Exchange that Aeneas Evolution Portfolio Ltd
has been allotted 8,49,382 shares and 8,55,556 warrants upon approval of shareholders vide the EGM held on April 07, 2005 as decided by Board of Directors.
(As per NSE bulletin dated on 03/05/2005) |