| Kalindee Rail Nirman (Engineers) Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 08, 2010, have approved the following:
Special Business:
1. Raising of Money by way of issue of 12,00,000 (Twelve Lakh) convertible Warrants to Promoters at a price not less than Rs. 199/- per warrant which would be converted to equity at a later date of which atleast 25% would be paid as upfront money within time stipulated by SEBI guide to the effect.
2. Appointment of M/s. Amit Goyal & Company, Chartered Accounts, A-8, 2nd Floor, Ganpati Enclave, Ajmer Road, Jaipur - 302 006 as Statutory Auditors of the Company to fill up the casual vacancy caused by the resignation of M/s. Prem Arun Jain & Co., Chartered Accountants, Gurgoan for financial year ended March 31, 2010 to hold office until the conclusion of the ensuing Annual General Meeting of the Company.
The resolution was carried out unanimously. |
| Kalindee Rail Nirman Engineers Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 15, 2008, inter alia, to transact the following business:
1. To raise additional funds up to an amount of Rs 150.00 Crores (One Hundred Fifty Crores only) so as to offer, issue and allot, on such occasions or occasions, in one or more than one trenches, Equity Shares / fully convertible debentures (FCDs) / partly convertible debentures (PCDs) or any such instrument(s) or security(ies) other than warrants, which are convertible into or exchangeable with Equity Shares at a later date, to be termed as Specified Securities to Qualified Institutional Buyers (QIB) as defined under clause 2.2.2B(v) of SEBI (DIP) guidelines pursuant to Chapter XIIIA of SEBI (DIP) Guidelines, 2000 as amended, on such date/dates as determined by the Board but not later than 60 Months from the date of allotment ("Securities") to be subscribed on the basis of placement documents, subject to necessary provisions & approvals.
2. To issue and allot by way of private placement on a preferential basis upto 18,00,000 (Eighteen Lakh) Equity Warrants, at a price of Rs 402/- per warrant (Rs 10/- face value + Rs 392/- Premium) being the price which is in accordance with the SEBI (Disclosure and Investor Protection) Guidelines 2000 for preferential issue to the following promoters of the Company and all such Equity Warrants which would be converted into equity shares at a later date but not later than 18 months from the date of allotment of Equity Warrants shall rank pari passu with the then existing equity shares of the Company in all respects.
1. Name of Promoter/Promoters Group: R D Sharma
No of Equity Warrants: 600000
2. Name of Promoter/Promoter Group: Sunita Gemini
No of Equity Warrants: 100000
3. Name of Promoter/Promoter Group: Brijlata Gemini
No of Equity Warrants: 100000
4. Name of Promoter/Promoter Group: Uma Shankar Gemini
No of Equity Warrants: 50000
5. Name of Promoter/Promoter Group: Laxmi Gemini
No of Equity Warrants: 50000
6. Name of Promoter/Promoter Group: Arvind Gemini
No of Equity Warrants: 300000
7. Name of Promoter/Promoter Group: Shambhavi Gemini
No of Equity Warrants: 50000
8. Name of Promoter/Promoter Group: S D Sharma
No of Equity Warrants: 350000
9. Name of Promoter/Promoter Group: Shanti Devi Sharma
No of Equity Warrants: 200000
3. To allow investments by Foreign Institutional Investors including their sub-accounts ("FIIs"), in the Equity Shares of the Company, either by direct investment or by purchase or otherwise, by acquiring from the market under the portfolio investment scheme or otherwise as may be permitted under the provisions of Foreign Exchange Management Act, 1999 ("FEMA") and rules, regulations and the like of Reserve Bank of India on a repatriation basis, upto 74% of the Paid-up Equity Share Capital of the Company, subject to necessary provisions & approvals.
Kalindee Rail Nirman Engineers Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on March 15, 2008, inter alia, have approved the following Special Resolutions:
1. Raising of Money by way of Specified securities to Qualified Institutional Buyers (QIB) through QIP Route upto a maximum of Rs 150.00 Crores.
2. Raising of Money by way of issue of 18,00,000 (Eighteen Lakh) convertible equity warrants to Promoters at a price not less than Rs 402/- per warrant.
3. Raising of investment limit by Foreign Institutional Investors required under the provisions of the Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations, 2000 upto 74% of the paid up equity share capital of the Company.
(As per BSE Announcement Website dated on 17/03/2008) |
| Further the Company has informed that, an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 13, 2007, inter alia, to transact the following:
1. To offer, issue and allot following securities (equity shares and share warrants convertible into equity shares or other securities convertible into or exchangeable with equity shares, convertible preference shares convertible at the option of the Company and / or at the option of the holders of the security) (Securities), on a preferential allotment basis in accordance with SEBI (Disclosure and Investment Protection) Guidelines, 2000 for Preferential Allotment in such manner and on the following terms and conditions:
a. 1,570,829 equity shares at a price of Rs l56.50 per share to AMIF I Ltd.
b. 200,000 equity shares at a price of Rs 156.50 to the Promoters of the Company (proposed allottees).
c. 300,000 share warrants convertible at the option of the holder within 18 months from the date of allotment at a warrant exercise price of Rs 156.50 per warrant (10% of warrant exercise price shall be payable upfront as subscription price and balance 90% shall be payable at the time of conversion of warrants into equity shares) to the Promoters (proposed allottees).
d. To make, subject to the market conditions and regulations, an issue / offering of FCCBs / GDRs / ADRs aggregating upto US$ 7 million in the international market.
Kalindee Rail Nirman Engineers Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 13, 2007, inter alia, to transact the following:
1. To issue and allot by way of private placement on a preferential basis upto 1,570,829 equity shares, at a price of Rs 156.50 per share (Rs 10/- face value + Rs 146.50 premium) being the price which is in accordance with the SEBI (Disclosure and Investor Protection) Guidelines 2000 for preferential issue to the following allottees and all such equity shares rank pari passu with the existing equity shares of the Company in all respects;
Name of Allottees:
Amif I Ltd : 1,570,829 no of Shares
2. To raise additional funds upto an amount of USD 7,000,000 and to issue and allot from time to time in one or more tranches either in India or in the course of international offerings, in one or more foreign markets, equity shares or preference shares and / or securities convertible into equity shares at the option of the Company or the holders thereof and / or securities linked to equity Shares and / or securities with or without detachable warrants with right exercisable by the warrant holder to convert or subscribe to equity shares or preference shares and / or any shares, instruments or securities, either directly or through Global Depositary Receipts, American Depositary Receipts or Foreign Currency Convertible Bonds or otherwise, together with any green shoe option up to the limit mentioned herein above (Securities) subscribed to in Indian Rupees or Foreign currency(ies), subject to necessary provisions & approvals.
3. To issue and allot by way of private placement on a preferential basis upto 200,000 equity shares at a price of Rs 156.50 per shares (Rs 10/- face value + Rs 146.50 premium) being the price which is accordance with the SEBI (Disclosure and Investor Protection) guidelines 2000 for preferential issue to the following promoters of the Company and all such equity shares rank pari passu with the existing equity shares of the Company in all respects;
1. Mr R D Sharma : 40,000 no of shares
2. Mr Arvind Gemini : 10,000 no of shares
3. Ms Sunita Gemini : 15,000 no of shares
4. Ms Brijlata Gemini : 5,000 no of shares
5. Ms Kalpana Gemini : 5,000 no of shares
6. Ms Laxmi Gemini : 5,000 no of shares
7. M/s Kalindee Estates Pvt Ltd : 40,000 no of shares
8. Mr S D Sharma : 35,000 no of shares
9. Mr Aditya Awasthi : 45,000 no of shares
To issue, offer and allot upto 300,000 equity warrants on preferential basis, convertible into one equity share of Rs 10/- each at a price of Rs 156.50 per share (Rs 10/- face value + Rs 146.50 premium) being the price which is in accordance with the SEBI (disclosure & Investor Protection) guidelines 2000 for preferential issues, to the following promoters of the Company;
1. Mr R D Sharma : 80,000 no of Equity Warrants
2. Ms Kanta Sharma : 30,000 no of Equity Warrants
3. Mr Arvind Gemini : 20,000 no of Equity Warrants
4. M/s Kalindee Estates Pvt Ltd : 50,000 no of Equity Warrants
5. Mr S D Sharma : 50,000 no of Equity Warrants
6. Mr Aditya Awasthi : 70,000 no of Equity Warrants
(As Per BSE Announcement Website Dated on 26/12/2006)
Kalindee Rail Nirman Engineers Ltd has informed BSE that the members at the Extraordinary General Meeting (EGM) of the Company held on January 13, 2007 have passed the following resolutions:
1. Issue and allot upto 15,70,829 equity shares of Rs 10/- each, fully paid up at a premium of Rs 146.50 per equity Share aggregating to Rs 2458.35 Lacs to AMIF I Ltd
(Investor) on preferential allotment basis, subject to necessary provisions & approvals.
2. To raise an additional funds upto an amount of USD 7,000,000 either directly or through Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds or otherwise together with any green shoe option to Foreign and / or Indian Institutional investor, Companies, individuals or any other persons, subject to necessary provisions & approvals.
3. Issue and allot upto 1,55,000 equity shares and 2,30,000 equity warrants to the promoters group at price of Rs 156.50 per share inclusive of a premium of Rs 146.50 per share on preferential allotment basis, aggregating to Rs 602.53 Lacs, instead of 2,00,000 Equity Shares and 3,00,000 Equity Warrants as proposed, subject to necessary provisions & approvals.
(As Per BSE Announcement Website Dated on 13/01/2007) |