| 09-Jun-08 |
| Onward Technologies Ltd has informed BSE that the Court has approved the notice of Extra Ordinary Meeting to be held on June 09, 2008, for the purpose of Scheme of Arrangement / Compromise.
Onward Technologies Ltd has informed BSE that pursuant to by an Order dated May 02, 2008, the Hon'ble High Court of Judicature at Bombay has directed that Meeting of the Equity Shareholders of the Company will be held on June 09, 2008, for the purpose of considering and if thought fit, approving with or without modifications the Scheme of Arrangement / Compromise of Onward Technologies Ltd, the Applicant Company.
(As per BSE Announcement Website dated on 19/05/2008)
Onward Technologies Ltd has informed BSE that Equity Shareholders of the Company has passed Special Resolution unanimously through Poll for approving the Scheme of Arrangement / Compromise of Onward Technologies Ltd with their members and Reconstruction and Reduction of Capital of Onward eServices Ltd in Court Convened meeting held on June 09, 2008.
(As per BSE Announcement Website dated on 09/06/2008) |
| 07-Mar-08 |
| Onward Technologies Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of members of the Company will be held on March 07, 2008, inter alia, for issue and allotment of the equity shares of the Company to M/s. Onward Computer Technblogies Pvt Ltd, a Promoter group company, on preferential basis on the terms as contained herein below -
The Board of Directors may offer, issue and allot not exceeding 5,00,000 equity shares of Rs 10/- each at a price of Rs 40/- per share or such higher price as may be determined by the Auditors of the Company as per the guidelines issued by SEBI, for the issue of the shares on preferential basis.
The issue and allotment of equity shares is for cash.
The equity shares shall rank pari passu with the existing issued and paid up equity shares of the Company in all respects.
The issue and allotment of thee equity shares shall be subject to compliance of the Disclosure and Investor Protection Guidelines (DIP) Guidelines issued by SEBI as amended as of the date of passing of this resolution.
In terms of the said SEBI (DIP) Guidelines the relevant date for the calculation of price of the equity shares shall be February 05, 2008.
Onward Technologies Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 07, 2008, inter alia, have declared that the Special Resolution for issue and allotment of equity shares to M/s. Onward Computer Technologies Pvt Ltd., a Promoter group Company, on Preferential basis has been passed by the Members with requisite majority.
(As per BSE Announcement Website dated on 07/03/2008) |
| 16-Jan-06 |
| Board has given the consent to hold Extra-Ordinary General Meeting (EGM) of the Shareholders of the Company on January 16, 2006.
Further the Company has informed that it was also decided to issue and allot 6,25,000 equity shares of Rs 10/- each at a price of Rs 95/- per share (inclusive of premium of Rs 85/- per share) to the Promoter & Associate Group companies on Preferential basis.
EGM 16/01/2006
The company has informed that the members at the Extra Ordinary General Meeting (EGM) held on January 16, 2006, inter alia, have passed the following with requisite majority.
1. To issue / offer equity shares, Preferential shares to any person or the public or a section of the public.
2. To issue and allot equity shares to the promoter or Associate group companies on Preferential basis.
3. Modification of the Employees Stock Option Program (ESOP 2001) for maximum number of option that can be given to any employee.
(As per BSE Bulletin dated on 19/01/2006) |
| 04-Jan-05 |
| EGM 04/01/2005
To consider the following matters requiring shareholders approval as a Special resolution
under the provision of the Companies Act, 1956.
a. Consent of the shareholders in terms of Section 81 and other applicable provisions of theCompanies Act, 1956 for issue, offer equity shares in such manner as the Board may decide atits sole discretion to members or to any person or the public or a section of the public including Domestic Mutual Funds, Indian Financial Institutions, Pension Funds, Offshore Funds, Non-resident Indians and /or Foreign Institutional Investors.
b. Consent of the shareholders in terms of Section 81(1A) and other applicable provisions of the Companies Act, 1956 for issue and allotment of 14,00,000 equity shares of Rs l0/- each at a
premium of Rs 60/ per share, i.e. Rs 70/- per share or at higher price, if and as determined by
the Auditors of the Company as per the guidelines issued by SEBI for the issue of shares on
Preferential basis.
c. Consent of the shareholders in terms of Section 81(1A) and other applicable provisions of the Companies Act, 1956 for issue and allotment of 5,00,000 equity shares of Rs 10/- each at a
premium of Rs 60/- per share, i.e. Rs 70/- per share or at higher price, if and as determined by
the Auditors; of the Company as per the guidelines issued by SEB1 for the issue of shares on
Preferential basis, to Mr. Harish Mehta, Promoter of the Company, including Promoter GroupCompanies,
his relatives, friends and business Associates.
d. Consent of shareholders in terms of Section 81(1A) of the Companies Act, 1956 to partially modify the scheme of ESOP, 2001 approved by the Shareholders at the meeting held on October 15, 2001.
The company has informed that at the Extra Ordinary General Meeting of the Company held on 04/01/2005, all the Special Resolutions mentioned below have been passed by the members with requisite majority:
1. To issue/offer equity shares, Preferential shares to any person or the public or a section of the public.
2. To issue and allot equity shares on Preferential basis to Investors.
3. To issue and allot equity shares to Mr. Harish Mehta, the promoter, Promoter group companies, his friends, relatives
and business associates.
4. Modification of the Employees Stock Option Program (ESOP 2001) for increase in the existing limit of number of options that can be given to any employee.
(As per BSE BUlletin dated on 05/01/2005) |
| 08-Mar-04 |
| Onward Technologies Ltd has informed the Exchange that at its meeting held on January 29, 2004 the BOD have decided the following: 1) To convene an EGM of the Shareholders of the company on March 08, 2004 to consider the
following matter requiring shareholders approval as a special resolution under the provision of the Companies Act, 1956. a) Consent of the shareholders in terms of Section 81 and other applicable provisions of the Companies Act, 1956 for issue and allotment of 2,75,000 equity shares of Rs.10/- each at a premium of Rs.23/- per share, i.e. Rs.33 per share or at higher price, if and as determined by the Auditors of the Company as per the guidelines issued by SEBI for the issue of shares on Preferential basis. These share are proposed to be issue and allotted to M/s Kale Consultants Ltd (KCL). b) Consent of the shareholders in terms of Section 81 and other applicable provisions of the Companies Act, 1956 for issue and allotment of 5,00,000 equity shares of Rs.10/- each at a premium of Rs.23/- per share, i.e. Rs.33/- per share or at higher price, if and as determined by the Auditors of the company as per the guidelines issued by SEBI for the issue of shares on Preferential basis, to Mr. Harish Mehta, Promoter of the company, including Promoter Group companies, his relatives, friends and
business Associates. c) Consent of shareholders in terms of Section 81 (1A) of the Companies Act, 1956 to extend the existing Employee Stock Option Scheme, 2001 devised under the SEBI (Employee Stock Option Scheme and Employees Stock Purchase Scheme) guidelines, 1999 including any modifications or re-enactment of the guidelines thereof, to the employees of Onward eServices Ltd, a subsidiary of the company.
EGM 08/03/2004
Issue of shares on preferential basis.
(As per BSE Bulletin dated on 04/02/2004)
vOnward Technologies Ltd has informed the Exchange that the EGM of the members of the Company will be held on March 08, 2004 to transact the following business : a) To obtain consent of the shareholders to issue and allot not exceeding 2,75,000 equity shares of Rs.10/- each at a price of Rs.33/- (inclusive of
premium of Rs.23/- per share) or such higher price as may be determined by the auditors of the Company as per the guidelines issued by SEBI for the issue of equity shares on preferential basis, so however, that the aggregate issue price shall be Rs.90,75,000 (Rupees Ninety lacs and Seventy Five thousand only). These shares are proposed to be issue and allotted to M/s Kale Consultants Ltd (KCL); b) To obtain consent of the shareholders to issue and allot not exceeding 5,00,000 equity shares of Rs.10/- each at a price of Rs.33/- per share (inclusive of premium of Rs.23/- per share) or such higher price as may determined by the auditors of the Company as per
the guidelines issued by SEBI for the issue of the shares on preferential basis, for cash so however that the aggregate issue price shall be Rs.1,65,00,000 (Rupees One Crore, sixty five lacs only), These shares are proposed to be issue and allotted to Mr. Harish Mehta, Promoter of the company, Promoter Group companies, his relatives, friends and business Associates; c) The benefit of the Employee Stock Option Program ('ESOP 2001') be extended to the employees of Onward eServices Ltd, a wholly owned subsidiary of the company.
(As per NSE Bulletin dated on 19/02/2004)
The company has informed that at the Extra Ordinary General Meeting of the company held on March 8, 2004 the members have passed the following with requisite majority :
1. The issue and allotment of the equity shares of the company to Mr Harish Mehta, promoter of the company, promoter group companies, his friends, relatives and business associates on preferential basis on the terms as contained herein below:
a. The Board of Director may offer, issue and allot not exceeding 5,00,000 equity shares of Rs 10 each at a price of Rs 33/- per share (inclusive of premium of Rs 23/- per share) or such higher price as may be determined by the auditors of the
company as per the guidelines issued by SEBI, for issue of shares on preferential basis, for cash so however that the aggregate issue price shall be Rs 1,65,00,000.
b. The issue and allotment of equity shares is for cash.
2. The issue and allotment of the equity shares of the company to M/S Kale Consultants Ltd on preferential basis on the terms as contained herein below:
a. The Board of Director may offer, issue and allot not exceeding 2,75,000 equity shares of Rs 10 each at a price of Rs 33/- per share (inclusive of premium of Rs 23/- per share) or such higher price as may be determined by the auditors of the
company as per the guidelines issued by SEBI, for issue of shares on preferential basis, so however that the aggregate issue price shall be Rs 90,75,00,000.
b. The issue and allotment of the equity shares is for consideration other than cash, being against discharge of liability towards acquisition by the company, of the Banking Products Business from KCL and its further absorption in the business of Onward eServices Ltd, the wholly owned subsidiary of the company.
(As per BSE Bulletin dated on 09/03/2004)
Onward Technologies Ltd has informed the Exchange that at the Extra-Ordinary General Meeting held on March 8, 2004 the Chairman declared that the Special Resolution u/s. 81[1A] of the Companies Act, 1956, as contained in the said Notice, has been passed by the Members with requisite mjority.
(AS per NSE Bulletin dated on 09/03/2004) |