| 24-Jan-12 |
| Polo Hotels Ltd has informed BSE that pursuant to implementation of the order of Hon'ble High Court for the states of Punjab and Haryana at Chandigarh, approving the amalgamation of M/s. A. R. D. Realty Private Limited ('Transferor Company') with the Company, the Company in its Board Meeting held on January 24, 2012, has allotted, 5,043,882 Equity Shares of Rs. 10/- each and 5,043,882 Compulsory Convertible Preference Shares ('CCPS') of Rs. 10/- each as fully paid-up, to the shareholders of M/s. A. R. D. Realty Private Limited. |
| 04-Nov-11 |
| Polo Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 04, 2011, has approved the proposal of extension of Annual General Meeting of the Company for the Financial Year ended March 31, 2011, upto December 31, 2011, subject to approval of Register of Companies, NCT of Delhi & Haryana. |
| 23-Aug-11 |
| With reference to the earlier announcement dated March 16, 2011 regarding Approval by the Board of Directors of the Company as to the Scheme of Amalgamation ('scheme') of A.R.D. Realty Pvt. Ltd. with the Company, Polo Hotels Ltd has now informed BSE that:
1. Thereafter pursuant to the orders of the Hon'ble High Court at Chandigarh, the Shareholders and Creditors have approved the Scheme with requisite majority and the Hon'ble Court has now fixed the final date of hearing for sanction of the Scheme at September 30, 2011.
2. In view of the rationale of the Scheme to Amalgamate the resources of both the Companies from the Appointed date, it is considered desirable to Consolidate the Balance Sheets of both the Companies for the financial year ended March 31, 2011. Accordingly, the Board of Directors of the Company at its meeting held on August 23, 2011, have proposed the extension of Annual General Meeting of the Company up to three months for the Financial Year ended March 31, 2011, subject to approval of Registrar of Companies, NCT of Delhi & Haryana. |
| 16-Mar-11 |
| Polo Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 16, 2011 has considered and approved the Scheme of Amalgamation of A.R.D. Realty Pvt. Ltd., a closely held group Company with the Company itself and the valuation report thereof.
A.R.D. Realty Private Limited holds 4.145 Acres of Land within the revenue estate of village chowki, sector 32, Panchkula, adjacent to the land measuring 2.636 Acres owned by the Company. This Scheme of Amalgamation will consolidate the business and resources of both these entities and facilitate the implementation of Hotel, Hospital and other Projects on this joint land holding of 6.781 Acres to enhance the competitive strength of the merged entity. |
| 28-Jan-11 |
| Polo Hotels Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 28, 2011, for the consideration of alteration in main and other objects in the Memorandum of Association of the Company.
Polo Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2011, inter alia, has taken the following decisions:
1. The Company will expand into the business of developing Hospitals and accordingly the main object clause of the Memorandum of Association need to be amended.
2. The other object clause of the Memorandum of Association is also to be amended.
3. Appointment of Mr. Rishi Sood, Advocate, Corporate Professionals , Advocate & Solicitors as scrutinizers for the entire postal ballot process.
Further the Company has informed that, board also took note of the fact that the Company has made the necessary payments in respect of the in-principal approval granted by the Directorate of Town & Country Planning, Haryana for construction of Hotel over an area measuring 7208 Sqm in Panchkula, Haryana.
(As Per BSE Announcement Dated on 31.01.2011) |
|
|