| 27-Jul-11 |
| Infrastructure Development Finance Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 16, 2011 to July 27, 2011 (both days inclusive) for the purpose of Payment of Dividend & 14th Annual General Meeting (AGM) of the Company to be held on July 27, 2011.
The dividend at the rate of Rs. 2.00 per equity share for the financial year ended March 31, 2011 as recommended by the Board, if approved by the shareholders, will be dispatched / remitted commencing from July 28, 2011.
Infrastructure Development Finance Company Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on July 27, 2011, inter alia, have considered and approved the following:
1. The Audited Balance Sheet as at March 31, 2011, the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2011 and the Reports of the Directors' and the Auditors thereon.
2. Declaration of Dividend @ Rs 2/-. (i.e. 20%) per equity share.
3. Declaration of Dividend 6% per preference share for the period August 11, 2010 to March 31, 2011, i.e. Rs. 3.83 per preference share.
4. Reappointment of Dr. Omkar Goswami, Mr. Shardul Shroff and Mr. S. H. Khan as Directors of the Company.
5. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company.
6. Appointment of Mr. Bimal Julka as Director of the Company.
(As Per BSE Annoncement Website dated on 28/07/2011)
Infrastructure Development Finance Company Ltd has informed BSE that the members at the 14th Annual General Meeting (AGM) of the Company held on July 27, 2011, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet as at March 31, 2011 and the Profit and Loss Account and Cash Flow statement for the year ended March 31, 2011 together with the Reports of the Auditors and Directors thereon.
2. i) Recommendation of dividend at the rate of Rupees 2.00 (Rupees Two only) per share on 1,463,007,839 (One Hundred and Forty Six Crore Thirty Lac Seven Thousand Eight Hundred and Thirty Nine) equity shares of the Company aggregating to Rs, 2,926,015,678/- (Rupees Two Hundred and Ninety Two Crore Sixty Lac Fifteen Thousand Six Hundred and Seventy Eight only) for the year ended March 31, 2011.
ii) Recommendation dividend at the rate of 6% p.a. i.e. Rs. 3.83 (Rupees Three and Paise Eighty Three only) per share on 8,40,00,000 (Eight Crore Forty Lac) Compulsorily Convertible Cumulative Preference Shares (CCCPS) of Rs.100/- (Rupees One Hundred only) each of the Company aggregating to Rs. 32,17,31,507/- (Rupees Thirty Two Crore Seventeen Lac Thirty One Thousand Five Hundred and Seven only) for the year ended March 31, 2011.
3. Re-appointment of Dr. Omkar Goswami, Mr. Shardul Shroff, Mr. S H Khan as Directors of the Company.
4. Appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company to hold office from the conclusion of this Annual General Meeting up to the conclusion of the next Annual General Meeting of the Company, on a remuneration, terms & conditions.
5. Appointment of Mr. Bimal Julka as a Director of the Company and who shall be subject to retire by rotation.
(As Per BSE Announcement Website dated on 25.08.2011) |
| 28-Jun-10 |
| Infrastructure Development Finance Company Limited has informed the Exchange that the Annual General Meeting of the Members of the Company will be held on June 28, 2010.
Infrastructure Development Finance Company Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on June 28, 2010, inter alia, have unanimously considered and approved the following:
1. The audited Balance Sheet as at March 31, 2010, the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2010 and the Reports of the Directors' and the Auditors thereon.
2. Declaration of Dividend @ Re. 1.50 (i.e. 15%) per equity share.
3. Reappointment of Mr. Gautam Kaji, Mr. Dimitris Tsitsiragos and Mr. Abdul Rahim Abu Bakar as Directors of the Company.
4. Reappointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company.
5. Appointment of Mr. G. C. Chaturvedi and Mr. Donald Peck as Directors of the Company.
6. Delegation of authority under section 293(1)(d) of the Companies Act, 1956 to the Board of Directors (including Committee thereof) to borrow provided that the total borrowing shall not exceed a limit of Rs. 80,000 crore.
7. Issuance of Equity and/or other eligible securities aggregating up to Rs. 3500 crore under section 81(1A) and other applicable provisions of the Companies Act, 1956 and delegation of authority to the Board of Directors (including Committee thereof) to do all acts, deeds and things in relation to the issuance of securities.
(As Per BSE Announcement Website dated on 29.06.2010)
Infrastructure Development Finance Company Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on June 28, 2010, inter alia, have also accorded to the following:
1. Increase in borrowing limits
- Authority to the Board of Directors of the Company ('the Board' which term shall be deemed to include any Committee which the Board may have constituted or hereinafter constitute to exercise its powers including the power conferred by this Resolution) to borrow from time to time, such sum or sums of money, secured or unsecured, as they may deem requisite for the purpose of the business of the Company, notwithstanding that monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Companys Bankers in the ordinary course of business) would exceed the aggregate of the Paid-up Capital of the Company and its free Reserves, that is to say, Reserves not set apart for any specific purpose, provided that the total amount up to which monies may be borrowed by the Board of Directors shall not exceed the sum of Rs. 80,000,00,00,000 (Rupees Eighty thousand crore) outstanding at any point of time, subject to necessary provisions and approvals.
2. Raising of Capital
- Authority to the Board to offer, issue, and allot, in one or more tranches equity shares including equity shares through depository receipts and/or preference shares whether cumulative or non- cumulative/redeemable/convertible at the option of the Company and/or at the option of the holders of the preference shares and / or securities linked to equity shares/preference shares and / or fully convertible debentures/partly convertible debentures/optionally convertible debentures / Foreign Currency Convertible Bonds/American Depository Receipts /Global Depository Receipts or any other securities which are convertible into or exchangeable with equity shares/preference shares, at a later date, including warrants, with a right exercisable by the warrant holder to exchange the said warrants with equity shares at a later date ('Securities') in the course of one or more domestic or international, offering(s), including through a Qualified Institutional Placement (QIP) in terms of Chapter VIII of the SEBI Regulations, to such person or persons whether or not such persons are members of the Company or whether such persons are Indian or foreign, including Qualified Institutional Buyers (QIBs), whether by way of public offering or private placement and whether by way of circulation of an offering circular or placement document or otherwise, for an amount (including upon conversion of warrants or other convertible securities into equity shares) not exceeding Rs. 3,500 crore (Rupees Three Thousand Five Hundred crore) at such price, either with or without premium as may be determined by the Board, at the option of the Company, as the case may be, and such issue and allotment be made in one or more tranches, on such terms and conditions as may be decided by the Board at the time of issue or allotment, subject to necessary provisions and approvals.
(As Per BSE Announcement Website dated on 19.07.2010) |
| 20-Jul-09 |
| AGM 20/07/2009
Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on July 20, 2009, inter alia, have accorded to the following:
1. The audited Balance Sheet as at March 31, 2009, the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2009 and the Reports of the Directors' and the Auditors thereon were considered and adopted.
2. Dividend of Rs 1.20 (i.e. 12%) per equity share was declared.
3. Mr. Deepak S Parekh, Mr. S S Kohli, Mr. S H Khan and Mr. Donald Peck were reappointed as a Director of the Company.
4. M/s. Deloitte Haskins & Sells, Chartered Accountants, were reappointed as the Auditors of the Company.
5. Dr. Rajiv B Lall was reappointed, as Managing Director & CEO of the Company, for a period of 3 (three) years with effect from January 09, 2010.
6. Appointed Mr. Vikram Limaye as a Whole-time Director of the Company for a period of five years with effect from September 15, 2008.
7. The Board of Directors (including Committee thereof) was authorised to grant options in excess of 1% of the issued capital of the Company during any financial year under the Employee Stock Option Scheme 2007 or under any other Employee Stock Option Scheme as may be introduced by the Company.
(As Per BSE Announcement Dated on 21/07/2009)
Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on July 20, 2009, inter alia, have accorded to the following:
- Appointment of Mr. Vikram Limaye as a Director of the Company.
(As Per BSE Announcement Dated on 13/08/2009) |
| 18-Jul-08 |
| Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that 11th Annual General Meeting (AGM) of the members of the Company will be held July 18, 2008.
1. To receive, consider and adopt the audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account and Cash Flow Statement for the financial year ended March 31, 2008 and the Reports of the Directors and the Auditors thereon.
2. To declare a dividend on equity shares.
3. To reappoint Mr. Dimitris Tsitsiragos, Dr. Omkar Goswami and Mr. Shardul Shroff, who retires by rotation and being eligible, offers themselves for re-election.
4. To appoint M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company to hold office as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions.
5. To appoint Mr. Arun Ramanathan & Mr. Abdul Rahim Abu Bakar as a Director of the Company.
6. Payment of remuneration by way of commission or otherwise, not exceeding l% of the net profits of the Company to be paid to and distributed amongst the Directors of the Company or some or any of them (other than Managing and Whole-time Directors) as may be decided by the Board of Directors or a Committee thereof from time to time, for a period of five years commencing from April 01, 2008 to March 31, 2013. and such payment be made out of profits of the Company calculated in accordance with the provisions of Sections 198, 349 and 350 of the Companies Act 1956 for each corresponding year.
7. To revise the payment of remuneration to Dr. Rajiv B Lall as the Managing Director & CEO, effective April 01, 2008 and other terms and conditions of the appointment remaining the same.
8. To create, issue, offer and allot, directly or indirectly to or for the benefit of such person(s) as are in the permanent employment of the Company or who are Directors of the Company at any time; equity shares and / or securities convertible into equity shares at such price in such manner, during such period, in one or more tranches and on such terms and conditions as the Board may decide prior to the issue and offer there of for, or which upon exercise or conversion could give rise to the issue of a number of equity shares not exceeding in aggregate, five per cent ('including equity shares to be issued in terms, of Resolution passed at the Annual General Meeting held on August 02, 2006') of the aggregate of the number of issued equity shares of the Company, from time to time, under IDFC Employees Stock Option Scheme 2007 (ESOS - 2007), or any modifications thereof, subject to necessary provision and approvals. The benefits of ESOS - 2007 be extended to the eligible employees and Directors of one or more subsidiary companies of the Company on such terms and conditions as may be decided by the Board.
9. To sell, transfer, assign or otherwise dispose of all or some of the shares held by the Company in one or more of its subsidiary companies to any other subsidiary company(ies) of the Company on such terms and conditions as may be approved to by the Board.
10. Alteration in the Articles of Association of the Company and shall stand modified as under: A. The existing Article - 94 shall stand deleted and the following new Article be substituted in its place. "94. (a) Five Members personally present shall be the quorum for a meeting of the Company. (b) (i) If within half an hour from the time appointed for holding a meeting of the Company, a quorum is not present. the meeting, if called upon the requisition of Members, shall stand dissolved. (ii) In any other case, the meeting shall stand adjourned to the same day in the next week, at the same time and place or to such other day and at such other time and place, as the Board may determine. (c) If at the adjourned meeting also, a quorum is not present within half an hour from the time appointed for holding the meeting, the Members present shall be the quorum. (d) No business shall be transacted at any general meeting unless the requisite quorum is present at the commencement of the meeting, subject to necessary provision and approvals." B. The existing Article - 124 shall stand deleted and the following new Article be substituted in its place. "124. Unless otherwise determined by the General Meeting, the number of Directors shall not be more than 15 (fifteen), which shall include the following: (a) 1 (One) Non-executive Chairman; (b) 4 (Four) Whole time / Executive Directors (including the Managing Director); (c) 5 (Five) independent Directors ("Independent Directors") (d) 2 (Two) Directors nominated by the ("GOI Directors") (e) B (three) Directors nominated, by the Nomination Committee from the panel of names proposed by the Domestic and Foreign Investors ("Domestic Institutions and Foreign Investors Directors")" C. The following, new Article - 148A be inserted after existing Article 148. "148A. The Company shall have the power to hold Board or Committee meetings through the means of video or tele-conferencing, and also allow Directors to participate in the Board or Committee meetings through the means of video or teleconferencing, subject to the applicable provisions, if any, of the Act and other regulatory provisions, if any, and all relevant articles' dealing with Board or Committee meetings' shall be read mutatis mutandis."
11. To issue, offer and allot, equity shares preference shares whether Cumulative or Non-Cumulative / Redeemable / Convertible at the option of the Company and / or at the option of the holders of the security and / or securities linked to equity shares / Preference shares and / or any instrument of securities representing convertible securities such as convertible debenture, bonds or warrants convertible into equity shares / preference shares ("Securities") to be subscribed by foreign investors / institutions and / or corporate bodies / entities including mutual funds, banks, insurance companies, trusts and / or individuals or otherwise, whether or not such persons / entities / in are Members of the Company, whether in Indian currency or foreign currency, such issue and allotment shall be made at such time or times in one or more tranche or tranches at par or at such price or prices and on such terms and conditions in such manner as the Board may, in its absolute discretion think fit or in consultation with the Lead Managers, Under Advisors or other intermediaries; provided however that the aggregate amount raised shall not exceed Rs 3,150 crore (equivalent to US $ 750 million), subject to necessary provision and approvals.
Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the 11th Annual General Meeting (AGM) of the Company held on July 18, 2008, inter alia, have accorded to the following:
1. Adoption of the Balance Sheet as at March 31, 2008, the Profit & Loss Account and the Cash Flow Statement for the year ended March 31, 2008 together with the Reports of the Directors & and the Auditors thereon.
2. Declaration of dividend at the rate of Rupees 1.20 per share on equity shares of the Company for the year ended March 31, 2008.
3. Re-appointment of Mr. Dimitris Tsitsiragos, Dr. Omkar Goswami & Mr. Shardul Shroff as Directors of the Company.
4. Appointment of M/s. Deloitte Haskins & Sell, Chartered Accountants, as Auditors of the Company, to hold office until the conclusion of this Annual General Meeting up to the next Annual General Meeting of the Company, on remuneration, terms & conditions.
5. Appointment of Mr. Arun Ramanathan & Mr. Abdul Rahim Abhul Bakar, as Directors of the Company.
6. Accorded consent for payment of remuneration by way of commission or otherwise, not exceeding 1% of the net profits of the Company, to be paid to and distributed amongst the Directors of the Company or some or any of them (other than Managing and Whole- time Directors) as may be decided by the Board of Directors or a Committee thereof from time to time, for a period of five years commencing from April 01, 2008 to March 31, 2013, and such payment be made out of profits of the Company calculated in accordance with the provisions of Sections 198, 349 and 350 of the Companies Act, 1956 for each corresponding year, subject to necessary provisions.
7. In partial modification of the Resolution passed by the Members at their Extraordinary General Meeting held on May 09, 2005, the basic salary range of Dr. Rajiv B Lall, the Managing Director & CEO, be revised, effective April 01, 2008, and other terms and conditions of the appointment remaining the same.
8. Authority to the Board to create, issue, offer and allot, directly or indirectly to or for the benefit of such person(s) as are in the permanent employment of the Company or who are Directors of the Company, at any time, equity shares and / or securities convertible into equity shares at such price, in such manner, during such period, in one or more tranches and on such terms and conditions as the Board may decide prior to the issue and offer thereof, for, or which upon exercise or conversion could give rise to the issue of anumber of equity shares not exceeding in aggregate, five per cent (including equity shares to be issued in terms of Resolution passed at the Annual General Meeting held on August 2, 2006) of the aggregate of the number of issued equity shares of the Company, from time to time, under IDFC Employees Stock Option Scheme 2007 (ESOS - 2007), or any modifications thereof, subject to necessary provisions & approvals.
9. Authority to the Board to sell, transfer, assign or otherwise dispose of all or some of the shares held by the Company in one or more of its subsidiary companies to any other subsidiary company(ies) of the Company on such terms and conditions as may be approved to by the Board, subject to necessary provisions &approvals.
10. Alternation & modification of the Articles of Association of the Company.
11. Authority to the Board to issue, offer and allot, equity shares / preference shares whether Cumulative or Non-Cumulative / Redeemable / Convertible at the option of the Company and / or at the option of the holders of the security and / or securities linked to equity shares / preference shares and / or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants convertible into equity shares / preference shares ('Securities') to be subscribed by foreign investors / institutions and / or corporate bodies / entities including mutual funds, banks, insurance companies, busts and / or individuals or otherwise, whether or not such persons / entities / investors are Members of the Company, whether in Indian currency or foreign currency, such issue and allotment shall be made at such time or times in one or more tranche or tranches, at par or at such price or prices, and on such terms and conditions in such manner as the Board may, in its absolute discretion think fit or in consultation with the Lead Managers, Underwriters, Advisors or other intermediaries; provided however that the aggregate amount raised shall not exceed Rs 3,150 crore (equivalent to US$ 750 million), subject to necessary provisions & approvals.
(As Per BSE Bulletin Dated on 12.08.2008) |
| 28-Jun-07 |
| AGM 28.06.2007
Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the 10th Annual General Meeting (AGM) of the members of the Company will be held on June 28, 2007, inter alia, to transact the following business:
1. To consider and adopt the audited Balance Sheet as at March 31, 2007 and the Profit & Loss Account and Cash Flow Statement for the financial year ended March 31, 2007 and the Reports of the Directors and the Auditors thereon.
2. To consider and approve the payment of dividend @ 10% on the equity shares of the Company.
3. To reappoint Mr. Surinder Singh Kohli, Mr. Serajul Haq Khan and Mr. Gautam Subodh Kaji, who retires by rotation and being eligible, offers themselves for re-election.
4. To appoint Messrs. Deloitte Haskins & Sells, Chartered Accountants, as the Auditors of the Company to hold office as such from the conclusion of this meeting until the conclusion of the next Annual General Meeting, in place of Messrs. S B Billimoria & Co., Chartered Accountants, on remuneration, terms & conditions.
5. To borrow from time to time, such sum or sums of money, secured or unsecured, as they may deem requisite for the purpose of the business of the Company, notwithstanding that monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's Bankers in the ordinary course of business) would exceed the aggregate of the Paid-up Capital of the Company and its free Reserves, that is to say, Reserves not set apart for any specific purpose, provided that the total amount upto which monies be borrowed by the Board of Directors shall not exceed the sum of Rs 400,000,000,000 outstanding at any point of time, subject to necessary provisions & approvals.
6. To increase the ceiling limit on total holdings of Foreign Institutional Investors (FIIs) / Securities and Exchange Board of India (SEBI) approved sub-account of FIIs in the equity share capital of the Company from 49% to 74% of the Paid-up Equity Capital of the Company with effect from such date(s) as may be decided by the Board from time to time, subject to necessary provisions & approvals.
7. Alteration of Clause 2 of Clause IIIA of the Memorandum of Association of the Company.
8. To issue, offer and allot in one or more tranche(s), equity shares or securities other than warrants which are convertible into or exchangeable with equity shares to the Qualified Institutional Buyers (QIBs) as defined under sub-clause (v) of clause 2.2.2B of the SEBI (DIP) Guidelines ("Securities") for an aggregate sum not exceeding Rs 21 billion as the Board in its sole discretion may at any time or times hereafter decide, subject to necessary provisions and approvals.
(As Per BSE Announcement Website Dated on 31/05/2007)
Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the Allotment Committee of Directors of the Company on July 11, 2007 has approved the allotment of 165354330 equity shares of Rs 10 each for cash at a price of Rs 127 per share to QIBs in terms of the special resolution passed by the shareholders at the 10th Annual General Meeting held on June 28, 2007.
(As Per BSE Announcement Website Dated on 11/07/2007) |