| 09-Dec-11 |
| Welspun Projects Limited has submitted to the
Exchange a copy of the notice of the Extra Ordinary General Meeting of the members of the Company to be held on December 09, 2011.
Welspun Projects Ltd has informed BSE that an Extra-Ordinary General Meeting (EGM) of the Company will be held on December 09, 2011.
1. To Increase Authorised Share Capital of the
Company from existing Rs. 41,00,00,000 (Rupees Forty One Crore only) divided into 4,10,00,000 (Four Crore Ten Lakh) Equity Shares of Rs. 10 (Rupees Ten only) each to Rs. 42,00,00,000 (Rupees Forty Two Crore only) divided into 4,20,00,000 (Four Crore Twenty Lakh) Equity Shares of Rs. 10 (Rupees Ten only) each and consequential amendment in the Memorandum of Association of the Company.
2. To delete the existing Article No.176 (20) of the Articles of Association of the Company and
in its place new Article be substituted.
(As Per BSE Announcement Website Dated on 23/11/2011)
Welspun Projects Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 09, 2011, inter alia, have accorded to the following:
1. Members have approved increase of Authorised Capital from Rs. 41,00,00,000 (Rupees Forty One Crore only) dividend into 4,10,00,000 (Four Crore Ten Lakh) Equity Shares of Rs. 10 (Rupees Ten only) each to Rs. 42,00,00,000 (Rupees Forty Two Crore only) divided into 4,20,00,000 (Four Crore Twenty Lakh) Equity Shares of Rs. 10 (Rupees Ten only).
2. Members have approved alteration in Articles of Association of the Company.
(As Per BSE Announcement Website dated on 09.12.2011) |
| 29-Jun-11 |
| Welspun Projects Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 29, 2011 at 11.30 a.m. at Vanijya Bhavan, Near Race Course circle, Vadodara - 390007, to transect the following business:
1. Appointment of Mr. Sunil Shinde as Managing Director and Chief Executive Officer of the Company for a period of 3 years w.e.f. May 16, 2011 on the remuneration, terms & conditions.
2. To create, offer, issue and allot at any time to or to the benefit of the following : (a) persons being permanent employees of the company whether working in India or out of India; (b) persons being directors of the Company including any whole time director / managing director / salaried Director of the company; but excludes:- (a) an employee who is a promoter or belongs to the promoter Group; (b) a director who either by himself or through his relatives or through any body corporate, directly or indirectly, holds more than 10% of the outstanding Shares of the Company the abovementioned classes of persons are hereinafter collectively referred to as the
'Employee(s)', options exercisable into equity shares (the 'option(s)') being not more than 5% of the paid-up share capital of the Company under a scheme titled 'Employee Stock Option plan 2011' (the 'ESOP 2011' or the 'Scheme'), either directly or through an ESOP Trust constituted specifically for this purpose, in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority; the Options would be exercised at a discount upto 25% of the Market price of the Shares of the Company rounded off to the nearest higher rupee (at the discretion of the Remuneration committee) and each Option granted would be exercisable for one equity share of a face value of Rs. 10/- (Rupees Ten only) each fully paid up, provided that the options to be issued to the Employees together with the options that may be issued to employees of the subsidiary companies and holding company of the Company shall not exceed 5 % of the paid up share capital of the Company, subject to necessary provisions and
approvals.
3. To create, offer, issue and allot at any time to or to the benefit of the following class of person(s) (a) persons whether working in India or out of India as on the date on which such persons shall have been granted any options to acquire shares in accordance with the Scheme (as hereinafter defined) and who are permanent employees of any present or future subsidiary of the Company which shall fall within the definition of 'subsidiary' in terms of Section 4 of the
Companies Act, 1956 ('Subsidiary'); (b) persons being directors of a present or future Subsidiary, including any whole-time / managing director / salaried director of a Subsidiary whether working in India or outside India as on the date on which
such persons shall have been granted any options to acquire shares in accordance with the Scheme. but excludes:- (a) an employee who is a promoter or belongs to the promoter Group; (b) a director who either by himself or through his relatives
or through any body corporate, directly or indirectly, holds more than 10% of the outstanding Shares of the Company the abovementioned classes of persons are hereinafter collectively referred to as the 'Employee(s) of Subsidiary'), options
exercisable into equity shares (the 'Option(s)') being not more than 5% of the paid-up share capital of the Company under a scheme titled 'Employee Stock Option Plan 2011' (hereinafter referred to as the 'ESOP 2011' or the 'Scheme'), either directly or through an Esop Trust constituted specifically for this purpose, in one or more tranches, and on such terms and
conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority; the Options would be exercised at a discount upto 25% of the Market price of the Shares of the
Company rounded off to the nearest higher rupee (at the discretion of the Remuneration committee and each option granted would be exercisable for one equity share of a face value of Rs. 10 (Rupees Ten only) each fully paid-up, provided that the
Options to be issued to the Employees ofSubsidiary together with the Options that may be issued to employees of the Company and holding company of the Company shall not exceed 5% of the paid-up share capital of the Company, subject to necessary
provisions and approvals.
4. To create, offer issue and allot at any time to or to the benefit of the following class of person(s) (a) persons whether working in India or out of India as on the date on which such persons shall have been granted any options to acquire shares in accordance with the Scheme (as hereinafter defined) and who are permanent employees of the holding company of the Company in terms of Section 4 of the Companies Act, 1956 ('HoldCo'); (b) persons being directors of a
Holdco, including any whore-time / managing director / salaried director of a HoldCo, whether working in India or outside India as on the date on which such persons shall have been granted any options to acquire shares in accordance with the
Scheme. but excludes:- (c) an employee who is a promoter or belongs to the promoter Group; (d) a director who either by himself or through his relatives or through any body corporate, directly or indirectly, holds more than 10% of the
outstanding Shares of the Company the abovementioned classes of persons are hereinafter collectively referred to as the 'Employee(s) of HoldCo), options exercisable into equity shares (the 'Option(s)') being not more than 5% of the paid-up share capital of the Company under a scheme titled 'Employee Stock Option Plan 2011' (the 'ESOP 2011' or the 'scheme'), either
directly or through an ESOP Trust constituted specifically for this purpose, in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority; the Options would be exercised at a discount upto 25% of the Market price of the Shares of the company rounded off to the nearest higher rupee (at the discretion of the Remuneration Committee) and each Option granted would be exercisable for one equity share of a face value of Rs. 10 (Rupees Ten only) each fully paid-up, provided that the Options to be issued to the Employees of Holdco together with the Options that may be issued to employees of the Company and subsidiary companies of the Company shall not exceed 5% of the paid-up share capital of the Company, subject to necessary provisions and approvals.'
Welspun Projects Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 29, 2011, inter alia, have accorded the following:
1. Members have approved appointment of Mr. Sunil Shinde as MD & CEO of the Company on such terms and conditions as detailed in resolution.
2. Members have approved issue of shares under Employee Stock Option Scheme (ESOP) to the employees of the Company.
3. Members have approved issue of shares under Employee Stock Option Scheme (ESOP) to the employees of the subsidiary Company(ies).
4. Members have approved issue of shares under Employee Stock Option Scheme (ESOP) to the employees of the Holding Company.
(As Per BSE Announcement Website dated on 29.06.2011) |
| 13-Apr-10 |
| MSK Projects (India) Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 13, 2010, inter alia, to transact the following business:
1. To increase the Authorised Share Capital of the Company from 25,00,00,000 (Rupees Twenty Five Crore Only) divided into 2,50,00,000 (Two Crores Fifty Lakh Only) Equity Shares of Rs. 10 (Rupees Ten) each to Rs. 41,00,00,000 divided into 4,10,00,000 Equity Shares of Rs. 10 each & consequential amendment in the Memorandum of Association of the Company.
2. To create, offer, issue and allot 1,71,78,888 (One Crore Seventy One Lakh Seventy Eight Thousand Eight Hundred Eighty Eight Only) to Welspun Infratech Ltd (the 'Investor') with each Equity Share having a nominal value of Rs. 10/- each at a price of Rs. 123 which includes a premium of Rs. 113 per share ('Shares') calculated in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ('Regulations') on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions & approvals.
MSK Projects (India) Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 13, 2010, inter alia, have passed the following resolutions:
1. Increase the Authorised Share Capital of the Company from 25,00,00,000 (Rupees Twenty Five Crore Only) divided into 2,50,00,000 (Two Crores Fifty Lakh Only) Equity Shares of Rs. 10 (Rupees Ten) each to Rs. 41,00,00,000 divided into 4,10,00,000 Equity Shares of Rs. 10 each & consequential amendment in the Memorandum of Association of the Company.
2. Authority to the Board to create, offer, issue and allot 1,71,78,888 (One Crore Seventy One Lakh Seventy Eight Thousand Eight Hundred Eighty Eight Only) to Welspun Infratech Ltd (the 'Investor') with each Equity Share having a nominal value of Rs. 10/- each at a price of Rs. 123 which includes a premium of Rs. 113 per share ('Shares') calculated in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ('Regulations') on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions & approvals.
(As Per BSE Announcement Website dated on 13.04.2010) |
| 27-Aug-07 |
| Authorised capital of the Company was increased from Rs 19,50,00,000/- to Rs 25,00,00,000/- by addition of 55,00,000 equity shares of Rs 10/- each & consequential amendment in the Memorandum & Articles of Association of the Company.
Preferential Issue of 44,50,000 equity shares of Rs 10/- each to Subhkam Holdings Pvt Ltd, (40,00,000), Ashka Construction Pvt Ltd (3,00,000) and Brescon Corporate Advisors Ltd (1,50,000) was approved on a price as per SEBI's Guidelines or any statutory modification or re-enactment from time to time, for preferential issue of shares.
Extra Ordinary General Meeting of the shareholders for the above mentioned matters will be held on August 27, 2007.
MSK Projects India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 27, 2007, inter alia, have accorded to the following:
1. Increase in the Authorised Share Capital of the Company from Rs 19,50,00,000/- divided into 1,95,00,000 Equity Shares of Rs 10/- each to Rs 25,00,00,000/- divided into 2,50,00,000 Equity Shares of Rs 10/- each by creation of additional 55,00,000 Equity Shares of Rs 10/- each, ranking pari passu with the existing Equity Shares of the Company, by substituting the existing Clause V of the Memorandum of Association by following new clause:
"V. The Authorised Capital of the Company is Rs 25,00,00,000/- divided into 2,50,00,000 Equity Shares of Rs 10/- each."
2. Alteration of the Article 3 of the Articles of Association of the Company by substituting the existing Article 3 by the following new Article:
"3. The Authorised Capital of the Company shall be as specified in the Clause V of Memorandum of Association of the Company, with the Powers to the Board of Directors of the Company, to alter, increase or otherwise, as per the applicable provisions of the Companies Act, 1956 (including any statutory modifications or re-enactments thereof for the time being in force) and subject to this Articles of Association of the Company."
3. To issue, offer and allot upto 44,50,000 Equity Shares of Rs 10/- each at a price of Rs 84/- per share (Rs 10/- face value + Rs 74/- Premium) being the price which is in accordance with the SEBI (Disclosure & Investor Protection) Guidelines, 2000 to the following persons:
A. M/s. Subhkam Holdings Pvt Ltd : 40,00,000 (No. of Shares)
B. M/s. Ashka Construction Pvt Ltd : 03,00,000 (No. of Shares)
C. Brescon Corporate Advisor Pvt Ltd : 01,50,000 (No. of Shares).
(As per BSE Announcement website dated on 06/08/2007)
MSK Projects India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 27, 2007, inter alia, have passed the following resolutions:
1. Increase in Authorised Share Capital from Rs 19,50,00,000/- divided into 1,95,00,000 equity shares of Rs 10/- each to Rs 25,00,00,000 divided into 2,50,00,000 equity shares of Rs 10/- each by creation of additional 55,00,000 equity shares of Rs 10/- each and consequent changes in Memorandum of Association and Article of Association.
2. Issue of 44,50,000 Equity Shares of Rs 10 each at a price of Rs 84 (Rs 10 Face Value + Rs 74 Premium) on preferential basis to the entities mentioned in the notice convening Extraordinary General Meeting.
(As Per BSE Announcement Website Dated on 27/08/2007) |
| 15-Apr-06 |
| EGM 15/04/2006
for taking approval of the shareholders for Amalgamation of MSK Highways Ltd,
MSK Infrastructure & Toll Bridge Pvt Ltd and Alpha Engicon Pvt Ltd with the Company, as per the orders of the Hon'ble High Court of Gujarat.
Msk Projects (India) Limited has informed the Exchange that the Gujarat High Court
convened EGM of the Company duly consituted, convened and properly held on April 15, 2006 at Vadora in chairmanship of Shri Ashok Khurana and the shareholders have unanimously approved the scheme of amalgamation of MSK Highways Ltd and MSK Infrastructure & Toll Bridge Pvt Ltd and Alpha Engicon Pvt Ltd with MSK Projects (India) Ltd.
(As per NSE Bulletin dated on 17/04/2006)
The company has informed that the shareholders at the Court Convened Extraordinary General Meeting (EGM) of the Company held on April 15, 2006, have unanimously approved the Scheme of Amalgamation of MSK Highways Ltd and MSK Infrastructure & Toll Bridge Pvt Ltd and Alpha Engicon Pvt Ltd with the Company.
(As per BSE Bulletin dated on 18/04/2006) |