Kingfisher Airlines Ltd


BSE: 532747 | NSE: KFA | ISIN: INE438H01019 
Market Cap: [Rs.Cr.] 247 | Face Value: [Rs.] 10
Industry: Transport - Airlines

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Board Meet

11-Feb-14 
Kingfisher Airlines Ltd has informed BSE that a Meeting of the Board of Directors of the Company has been convened to be held on February 11, 2014, inter alia, to consider and approve the Unaudited Financial Results for the quarter ended December 31, 2013. In this connection, in terms of the Code of Conduct adopted by the Company for prevention of insider trading in the securities of the Company pursuant to the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, the trading window of the Company will be closed for trading in the Company's equity shares for Directors / Designated Employees from February 01, 2014 to February 13, 2014 (both days inclusive). 
08-Nov-13 
Quarterly Results 
14-Aug-13 
Quarterly Results 
30-May-13 
Audited Results 
04-Feb-13 
Quarterly Results 

AGM

24-Sep-13
Kingfisher Airlines Limited has informed the Exchange that the Annual General Meeting(AGM) of the Company is convened to be held on September 24, 2013. Further that the Register of Members and Share Transfer Books of the Company will remain closed from September 19, 2013 to September 24, 2013 (both days inclusive) in connection with the AGM of the Company. Kingfisher Airlines Ltd has informed BSE that the 18th Annual General Meeting (AGM) of the Company will be held on September 24, 2013. (As per BSE Announcement Dated on 13.09.2013) Kingfisher Airlines Ltd has submitted to BSE a copy of the proceedings of the 18th Annual General Meeting of the Company held on September 24, 2013. (As per BSE Announcement Dated on 25.10.2013) 
26-Sep-12
Kingfisher Airlines Ltd has informed BSE that the 17th Annual General Meeting (AGM) of the Company will be held on September 26, 2012. Kingfisher Airlines Ltd has informed BSE regarding the details of Voting results at the 17th Annual General Meeting of the Company held on September 26, 2012, under Clause 35A. (As per BSE Announcement Dated on 27.09.2012) Kingfisher Airlines Ltd has informed BSE that the 17th Annual General Meeting (AGM) of the Company was held on September 26, 2012. (As per BSE Announcement Dated on 23.10.2012)  
28-Sep-11
Kingfisher Airlines Limited has informed the Exchange that the Annual General Meeting(AGM) of the Company is convened to be held on September 28, 2011.Further that the Register of Members and Share Transfer Books of the Company will remain closed from September 23, 2011 to September 28, 2011 (both days inclusive) in connection with the AGM of the Company. Kingfisher Airlines Ltd has submitted to BSE a copy of communication to Shareholders that the Company will be disseminating to the shareholders attending the Annual General Meeting of the Company on September 28, 2011 as well as to the media. (As Per BSE Annoncement Website Dated on 28/09/2011) Kingfisher Airlines Ltd has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 28, 2011, inter alia, have accorded the following: 1. Adoption of the Balance Sheet as at March 31, 2011 and the Profit & Loss Account for the year ended on that date and the Report of the Auditors and Directors thereon. 2. Appointment of Mr. Ghyanendra Nath Bajpai & Mr. Subhash R. Gupte, as Directors of the Company. 3. Re-appointment of M/s. B. K. Ramadhyani & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on remuneration, terms & conditions. 4. Authority to the Board to create, offer, issue and allot at any time, in one or more tranches, to or for the benefit of such person(s) who are in permanent employment of the Company whether working in India or overseas including Directors of the Company, whether whole-time or otherwise (hereinafter referred to as ôEmployeeö or ôEmployeesö), except employees who are Promoters or belong to the Promoter Group of the Company, under ESOP 2011, such number of equity shares and/or equity linked instruments (including options), and/or any other instruments or securities which could result in issue / allotment of equity shares (hereinafter collectively referred to as ôSecuritiesö) of the face value of Rs. 10/- each of the Company, not exceeding 25,000,000 equity shares of Rs. 10/- each and at such price and on such terms and conditions as may be determined by the Board in accordance with the terms of ESOP 2011. 5. Amendment of Article of Article 169(1)(b) of the existing Articles of Association of the Company. 6. Authority to the Board to create, issue, offer, allot and list on the Stock Exchanges, Equity Shares of face value of Rs. 10/- each, fully paid up on rights basis in such ratio and in one or more tranches, for an aggregate amount not exceeding Rs. 20,000,000,000/- (Rupees Twenty Thousand Million only) inclusive of such premium as decided by the Board (ôRights Issueö) to the equity shareholders of the Company whose names appear on the Register of Members or on the list of depositories as beneficial owners, as at the end of the business hours on such date as may hereafter be fixed for the purpose by the Board (hereinafter referred to as the ôRecord Dateö) or to such person or persons who may or may not be shareholders of the Company in whose favour (in full or in part), the rights may be renounced by respective shareholders on such terms and conditions, as the Board may in its absolute discretion think fit, in consultation with the Lead Manager(s) to the Rights Issue and / or such other persons as it may think fit and subject to the terms and conditions as may be mentioned in the Letter of Offer, Abridged Letter of Offer and Composite Application Form (collectively referred to as ôIssue Documentsö). 7. Authority to the Board to exercise its powers, including the powers conferred by this resolution) to amend the terms and conditions of the following 70,931,985 8% Optionally Convertible Debentures of face value of Rs. 100/- (Rupees One Hundred only) each (ôOCDSö): Allottee: Star Investment Pvt. Ltd Number of OCDs held: 19,977,570 Allottee: Margosa Consultancy Pvt. Ltd. Number of OCDs held: 24,970,264 Allottee: Redect Consultancy Pvt. Ltd. Number of OCDs held: 25,984,151 such that, in the event the Company undertakes a rights issue which is to occur prior to 18 months from the date of allotment of the OCDs i.e. prior to July 02, 2012, the OCDs shall become redeemable, prior to the expiry of 18 months from the date of allotment of the OCDs, in part or in full and in one or more tranches, at the option of the Board, and in such quantity as may be mutually decided by the Board along with the holders of the OCDs, provided that the amounts due to the holders of the OCDs upon such early redemption along with interest accrued till the date of redemption shall be appropriated towards subscription to equity shares in the rights issue of the Company by the OCD holders and/or persons acting in concert with the OCD holders, and such amounts shall not be repaid to the holders of the OCDs prior to the expiry of 18 months from the date of allotment of the OCDs, subject to not triggering an open offer under the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (including any statutory modification(s) or reenactment thereof, for the time being in force). (As Per BSE Announcement Dated on 31.10.2011) 
30-Sep-10
Kingfisher Airlines Limited has informed the Exchange that the Annual General Meeting(AGM) of the Company is convened to be held on September 30, 2010. Further that the Register of Members and Share Transfer Books of the Company will remain closed from September 27, 2010 to September 30, 2010 (both days inclusive) in connection with the forthcoming AGM of the Company. Kingfisher Airlines Limited has submitted to the Exchange a copy of Minutes of the Annual General Meeting of the Company held on September 30, 2010. (As Per NSE Bulletin dated on 27.10.2010) Kingfisher Airlines Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 30, 2010. (As Per BSE Announcement Website dated on 01.11.2010) 
29-Sep-09
AGM 29/09/2009 

EGM

20-Dec-10
Kingfisher Airlines Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 20, 2010, inter alia, to transact the following: 1. The Share Capital of the Company is Rs. 4250,00,00,000/- (Rupees Four Thousand Two Hundred and Fifty Crores only) divided into: - 165,00,00,000 (One Hundred Sixty Five Crores) Equity Shares of Rs. 10/- (Rupees Ten only) each with power to increase or reduce the capital and to vary modify or abrogate any such rights, privileges or conditions in such manner as may for the time being be provided by the regulations of the Company, and to consolidate or sub-divide the shares and issue shares of higher or lower denominations; and - 260,00,00,000 (Two Hundred Sixty Crores) Preference Shares of Rs. 10/- (Rupees Ten only) each with power to issue as convertible or redeemable Shares and increase or reduce the capital, and attach to the said Preference Shares such preferential, qualified or special rights and to provide for such rate of dividend on the Preference Shares as may be determined by the Directors and to vary, modify or abrogate any such rights, privileges or conditions in such manner as may for the time being be provided by the regulations of the Company. 2. Accorded to the Board of Directors of the Company (Board which term shall be deemed to mean and include one or more committees constituted/to be constituted by the Board to exercise its powers) to issue and allot, in terms of the DRP to be entered into, upto 57,50,00,000 (Fifty Seven Crores Fifty Lakhs) 8% Cumulative Redeemable Preference Shares of Rs. 10/- (Rupees Ten only) each ('CRPS'), in one or more tranches, to the following members of the consortium of lenders in consideration of the extinguishment of the amount of upto Rs. 575,00,00,000/- (Rupees Five Hundred and Seventy Five Crores only) due to the following members of the consortium of lenders under various loan facilities availed by the Company, which CRPS shall (i) be redeemable at par not later than the expiry of 12 years from the date of allotment, (ii) entitle the holder thereof to cumulative dividend at the rate of 8% per annum. 3. To issue and allot, in terms of the DRP to be entered into, upto 78,00,00,000 (Seventy Eight Crores) 7.5% Compulsorily Convertible Preference Shares of Rs. 10/- (Rupees Ten only) each entitling the holder thereof to cumulative dividend at the rate of 7.5% per annum ('CCPS'), in one or more tranches, to the members of the consortium of lenders in consideration of the extinguishment of the amount of upto Rs. 780,00,00,000/- (Rupees Seven Hundred and Eighty Crores only) due to the following members of the consortium of lenders under various loan facilities availed by the Company, which compulsorily convertible preference shares shall be mandatory converted, into equity shares of the Company of the face value of Rs. 10/- (Rupees Ten only) each, at such time as may be determined by the Board which shall not be later than 18 months from the date of allotment of CCPS, at a conversion price determined with reference to the relevant date which shall be a date thirty days prior to the date on which the holders of CCPS become to apply for equity shares in accordance with the SEBI Regulations. 4. Accorded to the Board of Directors of the Company Board which term shall be deemed to mean and include one or more committees constituted/to be constituted by the Board to exercise its powers) to amend the terms and conditions of 97,00,000 (Ninety Seven Lakhs) 6% Redeemable Non Cumulative Preference Shares of face value of Rs. 100/- (Rupees One Hundred only) each issued to United Breweries (Holdings) Ltd. so that these become 9,70,00,000 (Nine Crores Seventy Lakhs) Compulsorily Convertible Preference Shares carrying cumulative dividend (CCPS) of the face value of Rs. 10/- (Rupees Ten only) each, which shall each: (i) be mandatory converted, at a conversion price determined with reference to the relevant date which shall be a date thirty days prior to the date on which the holders of the CCPS become entitled to apply for equity shares in accordance with the SEBI Regulations into equity shares of the Company of the face value of Rs. 10/- (Rupees Ten only) each, at such time as may be determined by the Board which shall be not later than 18 months from the date the 6% Redeemable Non Cumulative Preference Shares become CCPS (ii) carry cumulative dividend at the rate of 6% per annum 5. To issue and allot: (i) upto 63,30,00,000 (Sixty Three Crores Thirty Lakhs) 7.5% Compulsorily Convertible Preference Shares of Rs. 10/- (Rupees Ten only) each ('CCPS'), in one or more tranches, to United Breweries (Holdings) Ltd. in consideration of the extinguishment of the amount of upto Rs. 633,00,00,000/- (Rupees Six Hundred and Thirty Three Crores) due to United Breweries (Holdings) Ltd. from the Company; and (ii) upto 1,50,00,000 (One Crore Fifty Lakhs) CCPS, in one or more tranches , to Kingfisher Finvest India Ltd. in consideration of the extinguishment of the amount of upto Rs. 15,00,00,000 (Rupees Fifteen Crores) due to Kingfisher Finvest India Ltd. from the Company, which CCPS shall each: (i) be mandatory converted into equity shares of the Company of the face value of Rs. 10/- (Rupees Ten only) each, at such time as may be determined by the Board which shall be not later than 18 months from the date of allotment of the CCPS, at a conversion price determined with reference to relevant date which shall be a date thirty days prior to the date on which the holders of CCPS become entitled to apply for equity shares in accordance with the SEBI Regulations, (ii) carry cumulative dividend at the rate of 7.5% per annum. 6. Accorded to the Board of Directors of the Company (Board which term shall be deemed to mean and include one or more committees constituted/to be constituted by the Board to exercise its powers) to issue and allot upto 8,00,00,000 (Eight Crores) Optionally Convertible debentures of the face value of Rs. 100/- (Rupees One Hundred only) each. Kingfisher Airlines Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on December 20, 2010. (As Per BSE Announcement Website dated on 07.01.2011) 
17-Apr-08
Deccan Aviation Ltd has informed BSE that pursuant to an Order of the Hon'ble High Court of Karnataka, separate Meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company will be held on April 17, 2008, for the purpose of considering, and if thought fit, approving, with or without modification(s), the arrangement embodied In the Composite Scheme of Arrangement between Kingfisher Airlines Ltd, Deccan Charters Ltd and Deccan Aviation Ltd. 
18-Mar-08
Deccan Aviation Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 18, 2008, to seek the approval of the members for further issue of capital, increase in Authorised Share Capital and consequential amendments to the Memorandum of Association of the Company. Deccan Aviation Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 18, 2008, inter alia, to transact the following business: 1. To offer, issue and allot, on such occasion(s), in one or more tranches, as may be determined by the Board in the course of domestic and / or international offering(s), to domestic and / or foreign institutions, non-resident Indians, Indian public Companies, corporate bodies, approved mutual funds, banks, insurance Companies, pension funds, by way of Qualified Institutions Placement ("QIP") to Qualified Institutional Buyers in terms of the Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 ("SEBI (DIP) Guidelines") ("QIBs"), individuals or otherwise, whether or not such investors are existing shareholders of the Company through a public issue and / or on a private placement basis equity shares and / or convertible securities any other capital bonds / instruments, debentures, preference shares convertible or non convertible including but not limited to Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) / Foreign Currency Convertible Bonds (ECCBs), Foreign Currency Exchangeable Bonds (FCEBs) as per the Foreign Currency Exchangeable Bonds Scheme, 2008, Fully / Partly Convertible Debentures, partly or fully paid-up equity / debt instruments ("Securities") as allowed under SEBI (DIP) Guidelines, such that the total amount raised through the aforesaid Securities shall not exceed Rs 1,600 crores (Rupees One Thousand Six Hundred Crores) (including greenshoe, it any), of incremental funds for the Company ("Issuance"), subject to necessary provisions & approvals. 2. To increase the Authorised Share Capital of the Company from Rs 150,00,00,000 (Rupees One Hundred Fifty Crores) to Rs 500,00,00,000 (Rupees Five Hundred Crores) by creation of an additional 25,00,00,000 (Twenty Five Crores) Equity shares of Rs 10/- each and 1,00,00,000 (One Crore) Preference Shares of Rs 100/- each in the share capital of the Company & consequential amendments in the Memorandum of Association of the Company. (As per BSE Announcement Website dated on 03/03/2008) 
26-Jun-07
Deccan Aviation Limited has submitted to the Exchange a copy of the Notice of the Extra- Ordinary General Meeting to be held on June 26, 2007. Deccan Aviation Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 26, 2007, inter alia, have approved the increase in the Authorized Share Capital of the Company from Rs 125 crores to Rs 150 crores. Accordingly, the present authorized share capital of the Company is Rs 150 crores comprising of 15 crore equity shares of Rs 10/- each. (As Per BSE Announcement Website Dated on 02/07/2007) 
31-May-07
Deccan Aviation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 31, 2007, has convened an Extra Ordinary General Meeting (EGM) of the members of the Company held on June 26, 2007, for seeking approval of the members for: 1. Increase in Authorised Equity Share Capital from Rs 125 crores to Rs 150 crores and the consequential amendment to the capital clause of the Memorandum of Association. 2. Issue of upto 35,222,231 equity shares of Rs 10/- each at a price of Rs 155/- per share on preferential basis to members of the United Breweries Group (UB Group). Further the Company has further informed that, Mr. Ramki Sundaram with his current responsibility as Chief Financial Officer (CFO) would also officiate as the CEO with immediate effect. Mr. Warwick Brady the Chief Operating Officer (COO) has resigned From the services of the Company. 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Jet Airways 2,786.04 0.00 -1.10 0.00 0.0 0.0 0.00
SpiceJet 749.39 0.00 -0.71 307.91 0.0 0.0 0.00
KF Airlines 247.47 0.00 -0.02 0.00 0.0 0.0 0.00
Global Vectra 47.81 8.71 -1.24 3.85 -305.9 2.3 15.22
VIF Airways 21.42 0.00 0.95 0.00 0.0 0.0 2.12
Jagson Airlines 6.33 0.00 0.21 0.00 0.0 0.0 0.07
East West Travel 5.26 0.00 0.05 6.30 7.4 18.5 1.86
Skyline NEPC 3.79 0.00 0.03 0.00 0.0 0.0 0.00

Futures & Options Quote

 
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Key Information

Key Executives:

Vijay Mallya , Chairman & Managing Director  

Bharath Raghavan , Company Secretary  


Company Head Office / Quarters:
UB Tower Level 12 UB City,
24 Vittal Mallya Road,
Bangalore,
Karnataka-560001
Phone : 91-80-41585069
Fax : 91-80-41235819
E-mail : investor.relations@flykingfisher.com
Web : http://www.flykingfisher.com
Registrars:
Karvy Computershare Pvt Ltd
Plot No 17-24
Vittal Rao Nagar
Madhapur
Hyderabad-500081

Fund Holding

 
Scheme Name No. of Shares
No data found

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