| 07-Dec-12 |
| KPIT Cummins Infosystems Limited. On 06/11/2012
has approved the following :
1. Issue of 7,776,000 equity shares of Rs.2/-each of the Company on a preferential basis,to Van Dyck,(an affiliate of ChrysCapital V LLC) at a price not lower than Rs.125/- per equity share (including a share premium of Rs.123/- per equity share),being a price higher than the price as determined in accordance with Regulation 76 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,2009,as amended ('ICDR')(where the relevant date for the purpose of computation of the minimum issue price in accordance with the ICDR is November 07,2012),for an aggregate
consideration not lower than Rs.972,000,000/-, subject to the approval of shareholders of
the Company and other regulatory approvals,if required.
2. Issue of 5,184,000 equity shares of Rs.2/- each of the Company on a preferential basis,to CX Partners and/or any of its affiliates, at a price not lower than Rs.125/- per equity share (including a share premium of Rs.123/-per equity share),being a price higher than the price as determined in accordance with Regulation 76 of the ICDR,(where the relevant date for the purpose of computation of the minimum issue price in
accordance with the ICDR is November 7th,2012), for an aggregate consideration of Rs.648,000,000/-,subject to the approval of shareholders of the Company and other regulatory
approvals,if required.
3. Convening an Extra-ordinary General Meeting of the Company on December 07,2012 to consider and if thought fit,to pass a special resolution authorizing the issue of equity shares as per (a) and (b) above.
4. Approving the draft notice for convening the aforesaid Extra-ordinary General Meeting (along with the explanatory statement).
(As Per Bulletin Dated on 08.11.2012)
Kpit Cummins Infosystems Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on December 07, 2012.
(As per BSE Announcement Dated on 26.11.2012)
Kpit Cummins Infosystems Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on December 07, 2012.
(As per BSE Announcement Dated on 07.12.2012)
Kpit Cummins Infosystems Ltd has informed BSE regarding the details of Voting results at the Extra Ordinary General Meeting of the Company held on December 07, 2012, under Clause 35A.
(As per BSE Announcement Dated on 10.12.2012)
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| 01-Mar-12 |
| Kpit Cummins Infosystems Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on March 01, 2012, inter alia, to transact the folowing business:
1. Granted to the Board of Directors of the Company (hereinafter referred to as 'the Board', which term shall be deemed to include any Committee of the Board constituted to exercise its powers, including powers conferred by this resolution) to capitalize a sum not exceeding Rs. 18,28,00,000/- (Rupees Eighteen Crores Twenty Eight Lakhs only) out of the Securities Premium Account/General Reserve Account of the Company and transfer the same to the Share Capital of the Company for the issue of fully paid Bonus Shares of the face value of Rs. II- (Rupees Two only) each, out of the Authorised Share Capital of the Company and that it be distributed amongst the members registered in the books of the Company on such date ('Record Date') as may be determined by the Board, by way of issuing equity shares not exceeding 9,14,00,000 (Nine Crores Fourteen Lakhs only) of Rs. II- (Rupees Two only) each to be credited as fully paid Bonus Shares to the holders of the existing Equity Shares of the Company, in the proportion of 1 (One) Equity Share for every 1 (One) existing Equity Share held by them, on the footing that they become entitled thereto as capital and not as income and that such new shares, as and when issued and fully paid, shall rank pari-passu with the existing issued Equity Shares of the Company in all respects including dividend.
2. The Company approves the following:
- Subject to the provisions of Sections 198, 269, 309, 310, Schedule XIII of the Companies Act, 1956, appointment of Mr. Sachin Tikekar as a Whole-time Director of the Company, for a period of five years with effect from October 20, 2011, on the terms of appointment including such remuneration as set out in the explanatory statement.
- Subject to the limits specified in Section 198 and 309 read with Section I of Part II of Schedule XIII of the Companies Act, 1956, on the recommendation of the HR 6t Compensation Committee, an annual increment upto 20% of the gross remuneration including salary, variable performance incentive and other allowances, payable to Mr. Sachin Tikekar during his tenure as Whole-time Director of the Company.
- Payment of remuneration specified in Para (b) read with Para (a) above as the minimum remuneration, subject to the limits specified in Section II of Part II of Schedule XIII of the Companies Act, 1956 (including any statutory modifications or re-enactments thereof, for the time being in force) or such other limits as may be prescribed by the Government from time to time, subject to the approval of the members and Central Government, if necessary, if in any financial year, during the tenure of Mr. Sachin Tikekar as Whole-time Director, the Company incurs a loss or its profits are inadequate.
Kpit Cummins Infosystems Ltd has informed BSE that the members of the Company have passed unanimously the following resolutions at the Extra-Ordinary General Meeting held on March 01, 2012:
1. 1:1 Bonus Issue, i.e. one bonus equity share for each equity share held in the Company.
2. Approval of appointment of Mr. Sachin Tikekar as Whole-time Director of the Company for a period of 5 years with effect from October 20, 2011 and of the remuneration payable to him.
(As Per BSE Announcement Dated on 01.03.2012) |
| 08-Feb-11 |
| Kpit Cummins Infosystems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 08, 2011, have approved the following major proposals:
1. Issue of 7,758,621 equity shares of Rs. 2/- each of the Company on preferential basis, to Warhol Limited, Mauritius, (an affiliate of Chrys Capital V LLC, Mauritius) at a price not lower than Rs. 145/- per equity share for an aggregate consideration of Rs. 1,125,000,045/-, subject to the approval of shareholders of the Company and other regulatory approvals, if required.
2. Convening an Extra-ordinary General Meeting of the Company on February 04, 2011.
With reference to the earlier announcement dated January 08, 2011 regarding Outcome of Board Meeting, Kpit Cummins Infosystems Ltd has now informed BSE that the Extra-ordinary General Meeting of the shareholders of the Company will be convened on February 8, 2011 as against February 04, 2011.
(As Per BSE Announcement Website dated on 12.01.2011)
Kpit Cummins Infosystems Ltd has informed BSE that the members of the Company have passed unanimously the following Special Resolution at the recently held Extra-Ordinary General Meeting:
1. Issue of 7,758,621 equity shares on preferential basis to Warhol Ltd. under Section 81(1A) of the Companies Act, 1956.
(As Per BSE Announcement Website dated on 08.02.2011) |
| 16-Nov-07 |
| Kpit Cummins Infosystems Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 16, 2007, inter alia, to transact the following business:
1. Accorded to Mrs. Jayada Chinmay Pandit, a relative of Mr. S B (Ravi) Pandit, Chairman and Group CEO of the Company, to hold and continue to hold an office or place of profit as Senior Executive, or such other post as she may be promoted hereafter, in KPIT Infosystems Inc., USA (KPIT US), a wholly owned subsidiary of the Company with effect from July 07, 2007, on remuneration, terms & conditions.
2. Accorded to Mr. Chinmay Shashishekhar Pandit, a relative of Mr. S B (Ravi) Pandit, Chairman and Group CEO of the Company, to hold and continue to hold an office or place of profit as Account Manager, or such other post as he may promoted hereafter, in KPIT Infosystems Inc., USA (KPIT US), a wholly owned subsidiary of the Company with effect from July 16, 2007, on remuneration, terms & conditions.
3. To offer, issue and allot, in accordance with applicable guidelines / regulations, as may be permissible in law, now or at any time hereafter, on a preferential basis, upto 1,631,747 equity shares, at the price of Rs 130.09 each (calculated as per SEBI Guidelines on the basis of relevant date being "October 17, 2007"), as the Board at its sole discretion may at any time or times hereafter decide, which when issued or allotted would ultimately result in an increase in the paid up equity share capital of the Company by an amount not exceeding Rs 3,263,494 excluding premium, to the Cummins Inc., USA ("Investor") at such time and in one or more tranches, and on such terms and conditions, as may be deemed appropriate by the Board, subject to necessary provisions & approvals.
Kpit Cummins Infosystems Ltd has informed BSE that pursuant to the Orders of Hon'ble High Court of Judicature at Bombay, separate meetings of the equity shareholders & secured creditors will be held on November 16, 2007, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Amalgamation of the KPIT Cummins Infosystems (Bangalore) Pvt Ltd, ("the Transferor Company") with the Company ("the Applicant Company" / "Transferee Company").
(As Per BSE Announcement Website Dated on 25/10/2007)
Kpit Cummins Infosystems Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 16, 2007, inter alia, have considered and approved the following proposals:
1. Issuance and allotment of upto 1,631,747 equity shares on preferential basis at the price of Rs 130.09 each to Cummins Inc. USA; and
2. Appointment of Mrs. Jayada Chinmay Pandit and Mr. Chinmay Pandit, relatives of Mr. S B (Ravi) Pandit, Chairman & Group CEO (to hold or to continue the office of place of profit) in KPIT Infosystems Inc. USA, a wholly subsidiary of the Company.
Kpit Cummins Infosystems Ltd has informed BSE that at the Court Convened Meeting of shareholders (as directed by the Hon'ble High Court of Judicature at Bombay) held on November 16, 2007, have approved the Scheme of Amalgamation of its wholly owned subsidiary namely KPIT Cummins Infosystems (Bangalore) Pvt Ltd (the Transferor Company), with the Company (the Applicant Company / Transferee Company).
(As Per BSE Announcement Website Dated on 16/11/2007) |
| 21-Apr-07 |
| Convening an Extra-ordinary General Meeting of the Company on April 21, 2007.
Kpit Cummins Infosystems Ltd has informed BSE that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on April 21, 2007, to offer issue and allot, in accordance with applicable guidelines / regulations, as may be permissible in law, now or at any time hereafter, on a preferential basis, upto 15,32,825 equity shares and upto 15,32,825 Warrants convertible into 15,32,825 equity shares, at the unit price of Rs 128.41 each (calculated as per SEBI Guidelines on the basis of relevant date being March 22, 2007), as the Board at its sole discretion may at any time or times hereafter decide, which when issued or allotted would ultimately result in an increase in the paid up equity share capital of the Company by an amount not exceeding Rs 30,65,650 excluding premium, to the Cargill Mauritius Ltd, Port Louis, Mauritius ("Investor") at such time and in one or more tranches, and on such terms and conditions, as may be deemed appropriate by the Board, subject to necessary provisions and approvals.
(As Per BSE Announcement Website Dated on 29/03/2007) |