| Oasis Securities Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 03, 2007, inter alia, to transact the following:
1. For borrowing from time to time all such sum of money as they may deem requisite for the purpose of the business of the Company notwithstanding that moneys to be borrowed together with moneys already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) will exceed the aggregate of the paid up capital of the Company and free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount upto which moneys may be borrowed by the Board of Directors shall not, at any point of time exceed the sum of Rs 500.00 Crores (Rupees Five Hundred Crores Only), exclusive of interest.
2. To mortgage and / or charge and / or hypothecate, on such terms & conditions and at such time or times, and in such form or manners, as it may think fit, the whole or substantially the whole of one or more of the undertakings of the Company including the present and / or further properties whether movable or immovable, comprised in any existing undertaking or undertakings of the Company, as the case may be for the purpose of securing financial assistance not exceeding Rs 500 crores (Rupees Five Hundred Crores) at any point of time by the way of Term Loans / Asset Credit Scheme / Equipment Credit Scheme / Leasing Credit Facilities from the Financial Institutions and / or Bankers of the Company together with interest thereon, commitment charges, liquidated damages, cost, charges, expenses and other moneys payable by the Company to the respective Financial Institutions and / or bankers in terms of their respective Loan Agreements / Deeds of Agreements / Hypothecation Agreement / Letters of Sanction / Memorandum of terms & conditions entered into or to be entered by the Company in respect of the said financial assistance, such security to rank pari passu with or second or subservient to the mortgages and / or charges and / or hypothecation already created or to be created in future by the Company or in such other manner as may be agreed to between the concerned parties and as may thought expedient by the Board of Directors, subject to necessary provisions & approvals.
Oasis Securities Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 03, 2007, inter alia, have transacted the following business:
1. Authority to the Board to borrow not exceeding Rs 500.00 Crores (Rs Five Hundred Crores).
2. Authority to the Board to mortgage and / or create charge and / or hypothecate for the purpose of securing financial assistance not exceeding Rs 500.00 Crores (Rs Five Hundred Crores).
(As per BSE Announcement Website dated on 06/11/2007) |
| Oasis Securities Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 05, 2007, inter alia, to transact the following:
1. For borrowing from time to time all such sum of moneys as they may deem requisite for the purpose of the business of the Company notwithstanding that moneys to be borrowed together with moneys already borrowed by the Company (apart from temporary loans obtained from the company's bankers in the ordinary course of business) will exceed the aggregate of the paid up capital of the Company and free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount upto which moneys may be borrowed by the Board of Directors shall not, at any point of time exceed the sum of Rs 100.00 Crores, exclusive of interest.
2. To mortgage and / or charge and / or hypothecate, on such terms & conditions and at such time or times, and in such form or manners, as it may think fit, the whole or substantially the whole of one or more of the undertakings of the Company including the present and / or further properties whether movable or immovable, comprised in any existing undertaking or undertakings of the Company, as the case may be for the purpose of securing financial assistance not exceeding Rs 100 crores at any point of time by the way of Term Loans / asset Credit Scheme / Equipment Credit Scheme / Leasing Credit Facilities from the Financial Institutions and / or Bankers of the Company together with interest thereon, commitment charges, liquidated damages, cost, charges, expenses and other moneys payable by the Company to the respective Financial Institutions and / or bankers in terms of their respective Loan Agreements / Deeds of Agreements / Hypothecation Agreement / Letters of Sanction / Memorandum of terms & conditions entered into or to be entered by the Company in respect of the said financial assistance, such security to rank pari passu with or second or subservient to the mortgages and / or charges and / or hypothecation already created or to be created in future by the Company or in such other manner as may be agreed to between the concerned parties and as may thought expedient by the Board of Directors, subject to necessary provisions & approvals.
3. Authority under section 314(1B) of the Companies Act, 1956 for holding of office or place of profit of Shri. Abhishek Bagri, relative of Directors of the Company on a revised monthly remuneration effective from October 01, 2006, with power to the Board of Directors to increase the remuneration from time to time subject to a maximum limit.
4. Authority under section 314(1B) of the Companies Act, 1956 for holding of office or place of profit to Ms. Aakriti Bagri, relative of Directors of the Company on a monthly remuneration effective from October 01, 2006, with power to the Board of Directors to increase the remuneration from time to time subject to a maximum limit, subject to necessary provisions & approvals.
Oasis Securities Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 05, 2007, have passed the following resolutions:
1. For borrowing by the Company upto a limit of Rs 100.00 Crores.
2. For creation of charge by the Company upto a limit of Rs 100.00 Crores.
3. Payment of remuneration to Shri. Abhishek Bagri, effective from October 01, 2006.
4. Payment of remuneration to Ms. Akruti Bagri, effective from October 01, 2006.
(As Per BSE Announcement Dated on 05/03/2007) |