| 05-Mar-11 |
| Suryajyoti Spinning Mills Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 05, 2011, inter alia, to transact the following business:
1. To increase the Authorized Share Capital of the Company from Rs.25,00,00,000 (Rupees Twenty Five Crores only) divided into 2,50,00,000 (Two Crore and Fifty Lakhs) Equity shares of Rs. 10/- each to Rs.35,00,00,000 (Rupees Thirty Five Crores only) divided into 2,50,00,000 (Two Crore and Fifty Lakhs) Equity shares of Rs. 10/- each aggregating to Rs.25,00,00,000 (Rupees Twenty Five Crores only) and 10,00,000 (Ten Lakhs) Preference Shares of Rs. 100/- each aggregating to Rs. 10,00,00,000 (Rupees Ten Crores only) and consequently alternation in the Memorandum & Articles of Association of the Company.
2. To issue Redeemable Preference Shares of Rs. 100/- each, Cumulative or Non-cumulative either at par or at premium and in such numbers as the Board may decide from time to time for a sum not exceeding Rs. 10 Crores (Rupees Ten Crores only), in one or more tranches, and to offer such shares on a private placement basis to Financial Institutions, Banks, Mutual Funds, Bodies Corporate,Individuals, Promoter(s) or to any other person(s) as the Board may deem fit whether they are holders of Equity / Preference Shares of the Company or not and on such terms and conditions including the rate of dividend, period of redemption, etc., as the Board may in its absolute discretion decides, in the best interest of the Company, subject to necessary provisions & approvals.
Suryajyoti Spinning Mills Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 05, 2011, inter alia, have unanimously approved the following business :
1. Increase of Authorised Share Capital of the Company from Rs. 25 crores to Rs. 35 crores.
2. Alteration of Articles of Association of the Company; and
3. Issue of Preference Shares on Preferential basis, upto Rs. 10 crores.
(As Per BSE Announcement Website dated on 05.03.2011) |
| 02-Mar-09 |
| Suryajyoti Spinning Mills Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 02, 2009, inter alia, to offer, issue, allot and deliver in one or more tranche on a preferential basis not exceeding 13,00,000 (thirteen lakhs only) equity shares of the Company, of face value of Rs 10/- each, for cash, at a price of Rs 16/- (rupees sixteen only) per share (including premium), a price which is computed in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000, to the following persons who are part of the Promoter Group:
1. Name of the Investor: Mr. Arun Kumar Agarwal
No. of Shares: 3,50,000
2. Name of the Investor: Mr. Neha Agarwal
No. of Shares: 3,50,000
3. Name of the Investor: M/s. Suryajyoti Infotech Ltd No. of Shares: 6,00,000.
Suryajyoti Spinning Mills Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on March 02, 2009, had unanimously approved the issue of 13,00,000 equity shares of the Company of the face value of Rs 10/- each fully paid-up on preferential basis to the Promoters at a price of Rs 16/- per share (including premium).
(As Per BSE Announcement Website dated on 02.03.2009) |
| 16-Feb-05 |
| EGM 16/02/2005
Preferential issue
EGM 16/02/2005
1. Reissue of Forfeited 3,81,925 Equity shares.
2. To Create charge on the assetsof the company in favour of canara Bank to secure rupeee Term Loan of Rs. 9.00 Creres & State Bank of Hyderabad to secure ruoee Term Loan of Rs. 13.40 Crores.
3. The preferential issue of 14 lakhs warrants convertible into 14 lakhs equity shares of face value of Rs 10/- each at a price not exceeding Rs 29/- (at a premium of Rs 19/- per share) on preferential basis to the promoters and key management person. The issue price has been arrived at as per SEBI pricing formula for the preferential issue.
4. The preferential issue of 11 lakhs equity shares of face value of Rs l0/- each at a price not exceeding Rs 30/- (at a premium of Rs 20/- per share) on preferential basis to non-promoters. The issue price has been arrived at as per SEBI pricing formula for the preferential issue.
5.To borrow money from time to time not with standing that the money already borrowed by company a sum not exceeding 100 Crores at any time.
(As per BSE Bulletin dated on 27/01/2005)
The company has informed that the members at the 22nd Annual General Meeting (AGM) of the Company held on September 30, 2005, inter alia, have accorded to the following :
7. Authority to the Board pursuant to the provisions of section 293(l)(a) and other applicable provisions, if any, of the Companies Act, 1956, and in super session of the earlier resolution passed at the Extra-ordinary General Meeting held on February 16, 2005, create, by the Board of Directors of the Company of such mortgages, charges and hypothecations, in addition to the existing mortgages, charges and hypothecation(s) created by the Company as the
Board may determine on the assets of the Company, both present and future, together with power to takeover the management of the Company in certain events to and in favour of State Bank of India to secure the Rupee Term Loan of Rs 224 million sanctioned by State Bank of India, together with interest thereon at the respective agreed rates,
compound interest, additional interest, liquidated damages, commitment charges, premia on pre-payment or on redemption, costs, charges, expenses and other monies payable by the Company to State Bank of India under their loan agreements entered into / to be entered into in respect of the said borrowings.
(As per BSE Bulletin dated on 04/10/2005) |