| 28-Feb-09 |
| Punj Lloyd Ltd has informed BSE that pursuant an Order made on January 20, 2009 by Hon'ble High Court of Delhi, a meeting of the equity shareholders, secured creditors and unsecured creditors of the Company will be held on February 28, 2009, for the purpose of considering and if thought fit, approving with or without modification, the arrangement embodied in the Scheme of Arrangement between Punj Lloyd Ltd, the Applicant Company and M/s P L Engineering Pvt Ltd, the Transferor Company and their respective shareholders and creditors. |
| 06-Mar-07 |
| Punj Lloyd Ltd has informed BSE that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on March 06, 2007, inter alia, to transact the following:
1. Reorganising the existing authorised share capital of the Company by cancelling 1,00,00,000 preference shares of Rs 10/- each and increasing the equity share capital by the same denomination i.e. 1,00,00,000 equity shares Rs 10/- each.
Further resolved that, (i)pursuant to provisions of Sections 13,16,94 and other applicable provisions, if any, of the Companies Act, 1956 as amended, each equity share of Rs 10/- in the existing authorised share capital of the Company be and is hereby sub-divided into 5 equity shares of Rs 2/- each. (ii) pursuant to provisions of Sections 13,16,94 and other applicable provisions, if any, of the Companies Act, 1956 as amended, Clause V of the Memorandum of Association of the Company be and is hereby amended to read as follows:
V. The Authorised Share Capital of the Company is Rs 80,00,00,000/- divided into 35,00,00,000 Equity Shares of Rs 2/- each and 1,00,00,000 preference shares of Rs 10/- each
2. To create, offer, issue and allot in one or more tranch(es), in the course of domestic or international offerings or qualified institutional placements, with or without an over allotment / green issue option, in one or more foreign markets or domestic markets, to domestic institutions, foreign institutions, non-resident Indians, Indian public Companies, corporate bodies, mutual funds, banks, insurance Companies, pension funds, individuals, qualified institutional buyers or other persons or entities, whether shareholders of the Company or not, through a public issue and / or on a private placement basis and / or qualified Institutional placement within the meaning of Chapter XIII A of the SEBI Guidelines and / or preferential issue and / or any other kind of public issues and / or private placement, with or without an over allotment / green shoe option, of equity shares, secured or unsecured debentures, bonds or other securities whether convertible into equity shares or not, including, but not limited to, Foreign Currency Convertible Bonds ("FCCBs"), Partly Convertible Debentures ("PCDs"), Optionally Convertible Debentures ("OCDs"), Fully Convertible Debentures ("FCDs"), Bonds with share warrants attached, Global Depositary Receipts (GDRs), American Depository Receipts ("ADRs") or any other equity related instrument of the Company or a combination of the foregoing with warrants including any instruments or securities representing either equity shares and / or any other kind of securities linked to equity shares of securities with warrants or a combination of the foregoing ("Securities"), whether secured or unsecured, to be listed on any stock exchange inside India or any international stock exchange Outside India, through an offer document and / or prospectus and / or offer letter, and / or offering circular, and / or on public and / or private or preferential basis, whether rupee-denominated or, denominated in foreign currency, provided that the aggregate number of equity shares so issued or the equity shares to be issued on conversion of such securities together with the over allotment option, if any, should not exceed 175,00,000, subject to necessary provisions & approvals.
3. To create, offer, Issue and allot such number of Warrants not exceeding 80,00,000 with each Warrant carrying a right to subscribe to one equity share in the equity capital of the Company ("Warrants") to Mr. Atul Punj and / or M/s. Indtech Construction Pvt Ltd; Promoters of the Company on preferential basis, subject to necessary provisions & approvals.
Further resolved that, the warrants so issued shall have right to subscribe equal number of equity shares of nominal value of Rs 2/- each at such price not less than the price computed in accordance with chapter XIII (Guidelines for Preferential Issues) of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 as amended from time to time (the "SEBI Guidelines").
Punj Lloyd Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 06, 2007, inter alia, have passed the following, with requisite majority:
1. Re-organisation of equity share capital of the Company by splitting the existing shares of Rs 10/- each into 5 equity shares of Rs 2/- each.
2. Raising of further funds inter-alia through placements of shares not exceeding 1,75,00,000 of Rs 2/- each with Qualified Institutional Buyers (QIBs).
3. Issue of warrants not exceeding 80,00,000 with each warrant carrying a right to subscribe to equal no. of equity shares of the Company.
(As Per BSE Announcement Website Dated on 06/03/2007) |
| 03-Apr-06 |
| EGM 03/04/2006
To consider inter alia the following :
1. To offer, issue and allot in one or more tranches, in the course of domestic or International offerings in one or more foreign markets to domestic institutions, foreign institutions, non-resident Indians, Indian public companies, corporate bodies, mutual funds, banks,
insurance companies, pension funds, individuals or other persons or entities, whether shareholders of the Company or not, through a public issue and / or on a private placement basis, secured or unsecured debentures, bonds or other securities, including, but not limited to, equity shares of the Company, Partly Convertible Debentures (PCDs), Optionally Convertible Debentures (OCDs), Fully Convertible Debentures (FCDs), Global Depositary
Receipts (GDRs), American Depositary Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs) and / or bonds with attached share warrants, that are partly or fully mandatory or optionally, convertible into equity shares of the Company or any other equity related Instrument of the Company (Securities), such that the aggregate amount raised by the Company through the issue of the Securities should not exceed Rs 10,000 million
(including a greenshoe option, if any), of its equivalent, subject to necessary approvals
and provisions.
2. To create, issue, offer and allot at anytime or from time to time, directly or through a trust,
to the Eligible Employees (which expression shall, unless repugnant to the context, mean and include the permanent employees of the Company of such grade and category as may be decided by the Board and the directors of the Company, whether whole-time or not) in such manner as may be decided solely by the Board, such number of stock options, in one or more tranches and upon such terms and conditions as may be deemed appropriate by the Board, provided that the aggregate number of such stock options granted shall not exceed 156,511 and each such stock option shall give the holder the right but not the obligation to subscribe for one fully paid-up equity share of Rs 10 each (the Equity Shares) of the Company in
accordance with the Punj Lloyd Employees Stock Option Plan, 2005 (the Plan) and the grant of such stock options shall be in accordance with the Plan, subject to necessary approvals and provisions.
3. For investment by Foreign Institutional Investors including their sub-accounts (FIIs) in the equity shares of the Company by way of purchase or acquisition from the market under the
Portfolio Investment Scheme under FEMA and subject to the condition that the total holding of all the FIIs put together shall not exceed the sectoral cap as may be prescribed by the Reserve Bank of India or any other applicable Indian governmental or regulatory authorities from time to time.
Punj Lloyd Limited has submitted to the Exchange a copy of the notice convening EGM of the Company
to be held on April 03, 2006 to transact the business as specified in the Notice.
(As per NSE Bulletin dated on 16/03/2006)
The company has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 03, 2006, inter alia, has accorded authority to Board to offer, issue and allot in one or more tranches, in the course
of domestic or International offerings in one or more foreign markets, through a public issue and / or on a private placement basis, secured or unsecured debentures, bonds or other securities, including, but not limited to, equity shares of the Company, Partly Convertible Debentures (PCDs), Optionally Convertible Debentures (OCDs), Fully
Convertible Debentures (FCDs), Global Depositary Receipts (GDRs), American Depositary Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs) and / or bonds with attached share warrants, that are partly or fully mandatory or optionally, convertible into equity shares of the Company or any other equity related Instrument of the Company
("Securities"), such that the aggregate amount raised by the Company through the issue of the Securities should not exceed Rs 10,000 million (including a greenshoe option, if any), of its equivalent, subject to necessary approvals and
provisions.
(As per BSE Bulletin dated on 03/04/2006)
The company has informed that pursuant to authorisation by shareholders in Extra Ordinary General Meeting held on April 03, 2006, and the provisions of Punj Lloyd Employees Stock Options Plan - 2005, the Remuneration Committee has decided to grant 1,54,208 stock options to the employees of the Company.
(As per BSE Bulletin dated on 12/05/2006) |
| 03-Mar-06 |
| The Company has informed that it has, subject to the approval of its shareholders in the extra ordinary general meeting of the Company, entered into a Subscription Agreement with Citigroup Global Markets Ltd, London, on March 03, 2006,
for the issuance of Foreign Currency Convertible Bonds (Bonds / FCCBs) for US $ 125,000,000.
The Bonds will have a tenor of 5 years and one day and a semi-annual coupon of 4.65%. The Bonds will not be convertible before July 01, 2006. The Bonds will be convertible into equity hares at a price of Rs 1362.94 which is a premium of 25% to the BSE closing price of Rs 1090.35 as on March 02, 2006. The Foreign Currency Convertible Bonds are expected to be listed on the Singapore Stock Exchange. The offering was lead managed by Citigroup. ICICI Bank acted as Sole Financial Advisor to the company.
The proceeds from this offering will be used primarily to finance the Company's ongoing capital expenditure, repayment of international debt, possible acquisitions outside India, investment in BOT projects and any other use as may be
permitted under applicable law or by the regulatory bodies, from time to time. |