| Sterlite Industries (India) Limited has submitted to the Exchange a copy of the Notice of the Extra Ordinary General Meeting of the Company to be held on July 11, 2009.
Sterlite Industries India Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on July 11, 2009, inter alia, to transact the following:
1. To create, offer, issue and allot in one or more placement / tranches to Qualified Institutional Buyers ('QIB') as defined in sub-clause (xxiva) of Clause 1.2 of SEBI (Disclosure and Investor Protection) Guidelines, 2000 for the time being in force, equity shares and / or fully convertible debentures and / or partly convertible debentures and / or non-convertible debentures with warrants, and / or any securities (other than warrants), which are convertible into or exchangeable with equity shares at a later date (the 'Securities') at such time or times as the Board may hereafter decide and at a price to be determined by the Board in accordance with Clause 13A.3 of SEBI Guidelines for Qualified Institutions Placement specified under Chapter XIII-A of SEBI (Disclosure and Investor Protection) Guidelines, 2000 for the time being in force, provided that the issue of Securities as aforesaid shall not result in increase of the issued, Subscribed and Paid-up Capital of the Company by more than 25% (twenty five per cent) of the then postùissue. Issued, Subscribed and Paid-up Equity Share Capital of the Company, subject to necessary provisions & approvals.
2. To create, offer, issue and allot in any security including Global Depositary Receipts (GDRs), American Depositary Receipts (ADRs) convertible into equity shares, preference shares whether cumulative / redeemable / convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares and / or any other instrument or securities representing convertible securities such as Foreign Currency Convertible Bonds (FCCBs) debentures or warrants convertible or like instruments of a type issued in international jurisdictions in offerings of this nature, whether convertible into or exchangeable with depositary-receipts for underlying equity shares / equity shares / preference shares, (the 'Securities') to be subscribed by foreign / domestic investors / institutions and / or corporate bodies / entities including mutual funds, banks, insurance companies and / or individuals or otherwise, whether or not such persons / entities / investors are members of the Company whether in one or more currency, such issue and allotment to be made at such time or times in one or more tranche or tranches at par or at such price or prices and on such terms and conditions and in such manner as the Board may, in its absolute discretion think fit, in consultation with the lead managers, underwriters, advisors or other intermediaries provided that the issue of Securities as aforesaid shall not result in increase of the Issued, Subscribed and Paid-up Capital of the Company by more than 25% (twenty five percent) of the then post-issue, Issued, Subscribed and Paid-up Equity Share Capital of the Company, subject to necessary provisions & approvals.
(As Per BSE Annoucement Website dated on 23.06.2009)
Sterlite Industries India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 11, 2009, inter alia, have approved all the items by the requisite majority.
1. Approval of enabling resolution in favour of the Board of Directors/Committee of Directors/Authorised Officials of the Company to issue appropriate securities to Qualified Institutional Buyers (QIB) under Qualified Institutions Placement (QIPs).
2. Approval of enabling resolution in favour of the Board of Directors/Committee of Directors/Authorised Officials of the Company to issue appropriate securities either in form of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs)/ Foreign Currency Convertible Bonds (FCCBs)/any other securities. The Shareholders also approved an amendment to the resolution no.2 wherein the definition of 'relevant date' was made in conformity with Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 as amended till date.
(As Per BSE Announcement Dated on 13/07/2009)
Sterlite Industries India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 11, 2009, inter alia, have also accorded to the following:
1. Authority to the Board to create, offer, issue and allot in one or more placement / tranches to Qualified Institutional Buyers ('QIB') as defined in sub-clause (xxva) of Clause 1.2 of SEBI (Disclosure and Investor Protection) Guidelines, 2000 for the time being in force, equity shares and / or fully convertible debentures and / or partly convertible debentures and / or non-convertible debentures with warrants, and / or any securities (other than warrants), which are convertible into or exchangeable with equity shares at a later date (the 'Securities') at such time or times as the Board may hereafter decide and at a price to be determined by the Board in accordance with Clause 13A.3 of SEBI Guidelines for Qualified Institutions Placement specified under Chapter XIII-A of SEBI (Disclosure and Investor Protection) Guidelines, 2000 for the time being in force, provided that the issue of Securities as aforesaid shall not result in increase of the issued, Subscribed and Paid-up Capital of the Company by more than 25% (twenty five per cent) of the then post_issue, Issued, Subscribed and Paid-up Equity Share Capital of the Company, subject to necessary provisions & approvals.
2. Authority to the Board to create, offer, issue and allot in any security including Global Depositary Receipts (GDRs), American Depositary Receipts (ADRs) convertible into equity shares, preference shares whether cumulative / redeemable / convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares and / or any other instrument or securities representing convertible securities such as Foreign Currency Convertible Bonds (FCCBs) debentures or warrants convertible or like instruments of a type issued in international jurisdictions in offerings of this nature, whether convertible into or exchangeable with depositary-receipts for underlying equity shares / equity shares / preference shares, (the 'Securities') to be subscribed by foreign / domestic investors / institutions and / or corporate bodies / entities including mutual funds, banks, insurance companies and / or individuals or otherwise, whether or not such persons / entities / investors are members of the Company whether in one or more currency, such issue and allotment to be made at such time or times in one or more tranche or tranches at par or at such price or prices and on such terms and conditions and in such manner as the Board may, in its absolute discretion think fit, in consultation with the lead managers, underwriters, advisors or other intermediaries provided that the issue of Securities as aforesaid shall not result in increase of the Issued, Subscribed and Paid-up Capital of the Company by more than 25% (twenty five percent) of the then post-issue, Issued, Subscribed and Paid-up Equity Share Capital of the Company, subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 05.08.2009) |
| Sterlite Industries India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 15, 2006, has, subject to necessary approvals and applicable provisions of law, approved the following matters:
1. (a) Reclassification of the existing authorized share capital of the Company of Rs 150 crores divided into 60 crore equity shares of Rs 2/- each and 3 crore preference shares of Rs 10/- into Rs 150 crores divided into 75 crore equity shares of Rs 2/- each.
(b) Further increase in the authorized capital of the Company from Rs 150 crores to Rs 175 crores by creating an additional 12.5 crore equity shares of Rs 2/ each.
(C) Amendment of the Memorandum and Articles of Association of the Company consequent to the reclassification of and further increase in the present authorized share capital of the Company.
2. Issue, offer and allotment, in the course of an offering to, or by way of private placement with eligible investors including Qualified Institutional Buyers under the Securities and Exchange Board of India Disclosure and Investor Protection Guidelines (whether or not such investors are members of the Company), by way of circulation of an offering circular, prospectus, placement document and / or such other documents, writings, circulars or memoranda, foreign currency convertible bonds / global depositary receipts, American Depositary Shares / equity shares of the Company, par value Rs 2 per share, up to an aggregate of Rs 12500 Crores, including any green shoe option in relation thereto (Securities), in one or more tranches and on such terms and conditions as may be decided and deemed appropriate by the authorised persons of the Board at the time of issue or allotment, at their sole discretion, in consultation with their advisors appointed in this regard.
The Company has convened an Extra-Ordinary General meeting of the shareholders of the Company on December 11, 2006 to approve the above decisions of the Board.
3. The Company has filed a shelf registration statement on Form F-3 with the US Securities and Exchange Commission relating to a proposed offering of American Depositary Shares, or ADSs.
4. Payment of interim dividend @ Rs 4 per share (face value Rs 2 each) to all the shareholders of the Company whose name appears on the Register of Members of the Company on the Record date.
5. To set up a project to enter into the commercial energy business in India. The first phase of this project involves the setting up a 2400 MW green field power plant in Jharsuguda, Orissa at a total cost of $1.9 billion. The power business will be operated through Sterlite Energy Ltd (SEL), a wholly owned subsidiary of the Company.
Sterlite Industries India Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on December 11, 2006, inter alia, have accorded to the following:
1. Alteration in the Memorandum & Articles of Association of the Company.
2. Issue of Securities.
(As Per BSE Announcement Website Dated on 22/12/2006) |