| Board has approved the issue of warrants convertible into equity shares aggregating to Rs 215 lacs on private placement on preference basis to the relatives of the directors, associate companies & other non promoter parties interested to invest in the capital of the company within the frame work of SEBI (DIP) Guidelines, for expansion of plan of Hotel unit.
The date of proposed E.G.M. to consider above proposal is fixed as January 22, 2008.
Katare Spinning Mills Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 22, 2008, have unanimously approved the private placement of convertible equity warrants on preferential basis.
(As per BSE Announcement Website dated on 22/01/2008)
Katare Spinning Mills Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 22, 2008, inter alia, accorded the Board to offer / issue by private placement Convertible Equity Share Warrants on preferential basis or any instruments convertible into or exchangeable against equity shares with or without detachable warrants entitling the warrant holder to equity shares ("Securities") in aggregate not exceeding the nominal value of equity shares of Rs 215 lacs at such price as may be fixed by the Board in accordance with the rules and Guidelines prevailing in this regard to such person's including the relatives of the Promoters of the Company, their associates / associate Companies on preferential basis in exclusion of other shareholders and subject to the necessary terms & conditions.
(As per BSE Announcement Website dated on 24/01/2008) |
| Katare Spinning Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2007, has unanimously approved the private placement of convertible equity warrants on preferential basis. The date of proposed Extra Ordinary General Meeting (EGM) to consider above proposal is fixed as February 22, 2007.
Katare Spinning Mills Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 22, 2007, inter alia, to transact the following:
1. Increase the present Authorised Share Capital of Rs 4,00,00,000 divided into 40,00,000 Equity Shares of Rs 10/- each to Rs 6,00,00,000 divided into 60,00,000 Equity Shares of Rs 10/- each, by creation of additional 20,00,000 equity shares of Rs 10/- each & consequential amendments in the Memorandum & Articles of Association of the Company.
2. To offer / issue by private placement Convertible Equity Share Warrants on preferential basis or any instruments convertible into or exchangeable against equity shares with or without detachable warrants entitling the warrant holder to equity shares ("Securities") in aggregate not exceeding the nominal value of equity shares of Rs 215 lacs at such price as may be fixed by the Board in accordance with the rules and Guidelines prevailing in this regard in aggregate not exceeding Rs 115 lacs to the Promoters of the Company their associates / associate Companies on preferential basis and subject to necessary provisions & approvals.
(As Per BSE Announcement Website Dated on 06/02/2007)
Katare Spinning Mills Ltd has informed BSE that the members at the Extra ordinary General Meeting (EGM) of the Company held on February 22, 2007, inter alia, have accorded to the following:
1. Increase in the present Authorised Share Capital of the Company of Rs 4,00,00,000 divided into 40,00,000 Equity Shares of Rs 10/- each to Rs 6,00,00,000 divided into 60,00,000 Equity Shares of Rs 10/- each, by creation of additional 20,00,000 equity shares of Rs 10/- each and consequential amendments in the Memorandum & Articles of Association of the Company.
2. Authority to the Board to offer / issue by private placement Convertible Equity Share Warrants on preferential basis or any instruments convertible into or exchangeable against equity shares with or without detachable warrants entitling the warrant holder to equity shares ("Securities") in aggregate not exceeding the nominal value of equity shares of Rs 215 lacs at such price as may be fixed by the Board in accordance with the rules and Guidelines prevailing in this regard in aggregate not exceeding Rs 115 lacs to the Promoters of the Company, their associates / associate companies on preferential basis, subject to necessary provisions & approvals.
(As Per BSE Announcement Website Dated on 26/02/2007) |