| Karur KCP Packkagings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 04, 2010, inter alia, taken the following decision :
1. It was decided to hold the Extra Ordinary General Meeting of the Members of the Company on November 27, 2010. Notice convening the Extra Ordinary General Meeting was also approved.
Karur KCP Packkagings Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 27, 2010, inter alia, to revise, amend and modify
1. The terms and conditions of the 'Two per cent US$10,000,000 Unsecured Foreign Currency Convertible Bonds due 2011, subject to an over-allotment option for up to US$2,000,000' issued by the Company vide Offering Circular dated April 26, 2006, (the 'Bonds'); (ii) the terms of the Trust Deed dated April 26, 2006 entered between the Company and the Bank of New York, the trustees for the Bondholders, by executing a Supplemental Trust Deed in accordance with the terms of the Offering Circular dated April 26, 2006; (iii) Terms of the Bonds on the reverse of each of the definitive certificates of the Bonds constituting the Bonds; (iv) Agency Agreement dated April 26, 2006 entered into between the Company, The Bank of New York, London Branch (as Principal Paying and Conversion Agent and Transfer Agent) The Bank of New York, (as Registrar) and The Bank of New York (Luxembourg) S.A. (as Paying and Conversion Agent and Transfer Agent); and such other deeds, documents in relation there to.
2. To create, offer, issue and allot in international offerings Equity Shares and / or any security including Global Depository Receipts (GDRs) and / or American Depositary Receipts (ADRs) both convertible into underlying Equity Shares and / or, Foreign Currency Convertible Bonds (FCCBs) and / or any other securities convertible into equity shares at the option of the Company and / or holder(s) of the securities and / or securities linked to equity shares and / or securities with warrants including any instruments or securities representing either equity shares or any securities which are convertible or exchangeable with equity shares at a later date, or a combination of the foregoings (hereinafter collectively referred to as 'Securities') for an aggregate sum of not exceeding US$36 million or equivalent in Indian and / or any other currency (ies) with or without premium as may be appropriate, directly to foreign / non-resident investors (where the institutions, bodies-corporate, mutual funds, trusts, foreign institutional investors, banks and / or individuals, or otherwise and whether or not such investors are members, promoters, directors or their relatives / associates, of the Company) without first offering to the existing shareholders, through public issues, private placements or a combination thereof at such time or times in one or more tranches, at such price or prices, at such premium as may be appropriate to market price or prices, in such manner and on such terms and conditions as may be decided by the Board, wherever necessary in consultation with the lead managers, underwriters, advisors or through the subsidiaries, including by way of Initial Public Offer in Europe, US or other countries, so as to enable the Company to get listed at any stock exchanges in India and/or Luxembourg / London / NASDAQ / New York / Singapore and/or any other overseas Stock Exchanges.' Subject to necessary provision & approval.
3. To the increase in remuneration of Shri K.C.Pallani Shamy - Managing Director of the Company as set out in the Explanatory Statement annexed to the notice convening this meeting.
4. To the increase in remuneration of Shri K.C.P. Shivraman - Joint Managing Director of the Company as set out in the Explanatory Statement annexed to the notice convening this meeting.
(As Per BSE Announcement Website dated on 23.11.2010)
Karur KCP Packkagings Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 27, 2010, inter alia, have accorded to the following:
1. Authority to the Board to revise, amend and modify
The terms and conditions of the 'Two per cent US$10,000,000 Unsecured Foreign Currency Convertible Bonds due 2011, subject to an over-allotment option for up to US$2,000,000' issued by the Company vide Offering Circular dated April 26, 2006, (the 'Bonds'); (ii) the terms of the Trust Deed dated April 26, 2006 entered between the Company and the Bank of New York, the trustees for the Bondholders, by executing a Supplemental Trust Deed in accordance with the terms of the Offering Circular dated April 26, 2006; (iii) Terms of the Bonds on the reverse of each of the definitive certificates of the Bonds constituting the Bonds; (iv) Agency Agreement dated April 26, 2006 entered into between the Company, The Bank of New York, London Branch (as Principal Paying and Conversion Agent and Transfer Agent) The Bank of New York, (as Registrar) and The Bank of New York (Luxembourg) S.A. (as Paying and Conversion Agent and Transfer Agent); and such other deeds, documents in relation there to.
2. Authority to the Board to create, offer, issue and allot in international offerings Equity Shares and / or any security including Global Depository Receipts (GDRs) and / or American Depositary Receipts (ADRs) both convertible into underlying Equity Shares and / or, Foreign Currency Convertible Bonds (FCCBs) and / or any other securities convertible into equity shares at the option of the Company and / or holder(s) of the securities and / or securities linked to equity shares and / or securities with warrants including any instruments or securities representing either equity shares or any securities which are convertible or exchangeable with equity shares at a later date, or a combination of the foregoings (hereinafter collectively referred to as 'Securities') for an aggregate sum of not exceeding US$36 million or equivalent in Indian and / or any other currency (ies) with or without premium as may be appropriate, directly to foreign / non-resident investors (where the institutions, bodies-corporate, mutual funds, trusts, foreign institutional investors, banks and / or individuals, or otherwise and whether or not such investors are members, promoters, directors or their relatives / associates, of the Company) without first offering to the existing shareholders, through public issues, private placements or a combination thereof at such time or times in one or more tranches, at such price or prices, at such premium as may be appropriate to market price or prices, in such manner and on such terms and conditions as may be decided by the Board, wherever necessary in consultation with the lead managers, underwriters, advisors or through the subsidiaries, including by way of Initial Public Offer in Europe, US or other countries, so as to enable the Company to get listed at any stock exchanges in India and/or Luxembourg / London / NASDAQ / New York / Singapore and/or any other overseas Stock Exchanges.' Subject to necessary provision & approval.
3. Increase in remuneration of Shri K.C.Pallani Shamy - Managing Director of the Company, on necessary terms & conditions.
4. Increase in remuneration of Shri K.C.P. Shivraman - Joint Managing Director of the Company, on necessary terms & conditions.
(As Per BSE Announcement Website dated on 03.12.2010) |