Infinite Computer Solutions India Ltd
INFINITE

239.00

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239.50

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Purpose AGM Date Announcement Date Book Closure Start Date Book Closure End Date
Board Meeting - 07-Nov-2016 - -
Infinite Computer Solutions (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2016, inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter ended September 30, 2016. Further, the Trading Window, as per the Companys Code for Prevention of Insider Trading, shall remain closed till November 16, 2016.
Board Meeting - 09-Oct-2016 - -
Infinite Computer Solutions (India) Ltd has informed BSE that with reference to the proposed Buyback offer of equity shares by the Company approved in its Board Meeting held on August 24, 2016 and the approval of the members of the Company accorded through special resolution passed through Postal Ballot on October 08, 2016. Further, the Company has received requests from its Directors to convene a meeting of the Board of Directors of the Company for deciding on the price for the Buyback and accordingly no decision has been taken by the Board through circulation on the price and the record date. In this regard, the Company informed that a meeting of the Board is proposed to be held on October 12, 2016 to consider: 1. Certain clarifications/ additional disclosures, 2. A discussion on upward revision of the price for the proposed Buyback of Equity Shares. Infinite Computer Solutions (India) Ltd has informed BSE that in reference to the proposed Buyback offer of equity shares by the Company approved in its Board Meeting held on August 24, 2016 and the approval of the members of the Company accorded through special resolution passed through Postal Ballot on October 08, 2016. In this regard, the Board of Directors of the Company at its meeting held on October 12, 2016, approved, subject to the approval of the regulatory authorities, shareholders, Companies Act, 2013, the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998, as amended (SEBI Buyback Regulations) and such applicable Acts or Rules including amendments, if any, a Buyback of Equity Shares of face value Rs. 10 each of the Company at a Buyback price not exceeding Rs. 270/- (Rupees Two Hundred Seventy only) per Equity Share (Buyback Price) for a total consideration aggregating upto Rs. 1,50,00,00,000 (Rupees One Hundred Fifty Crores Only) (Buyback Offer Size), from the existing shareholders of the Company on the record date to be determined on proportionate basis through the Tender Offer route as prescribed under the SEBI Buyback Regulations. The Buyback Offer Size represents 24.77% of the Paid- up share capital and free reserves of the Company as on March 31, 2016. The Board also noted the intention of the Promoter Group of the Company to participate in the proposed Buyback. Further, the Board has withdrawn the earlier buyback, approved by the Board on August 24, 2016 and the shareholders on October 8, 2016 and will seek fresh approval of the shareholders through Postal Ballot for the revised Buyback offer. (As Per BSE Announcement Dated on 13.10.2016) With reference to the proposed Buyback offer of equity shares by the Company approved in its Board Meeting held on October 12, 2016, subject to approval of the members of the Company through Postal Ballot, results of which will be declared on December 09, 2016. In this regard, Infinite Computer Solutions (India) Ltd has now informed BSE that a meeting of the Board of Directors of the Company will be held on December 09, 2016 to consider approving the (i) Record Date, to determine the names of the eligible shareholders from whom the shares will be bought back under the offer on proportionate basis; and (ii) Final Buyback price, number of shares to be bought back and the Offer Size for the Buyback. (As Per BSE Announcement Dated on 05.12.2016)
Board Meeting - 09-Aug-2016 - -
Infinite Computer Solutions (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on August 24, 2016, inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2016. Further, that the Trading Window, as per the Companys code for Prevention of Insider Trading, will remain closed from August 10, 2016 till August 26, 2016. With reference to the earlier letter dated August 09, 2016, Infinite Computer Solutions (India) Ltd has also informed BSE that a proposal for buy-back of equity shares through Tender Offer route, up to such amount of the aggregate of Companys paid up equity share capital and free reserves as the Board may decide in accordance with the provisions of Sections 68 of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 will be placed before the Board on August 24, 2016 for consideration and approval. (As per BSE Announcement dated on 21.08.2016) Infinite Computer Solutions (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 24, 2016, has approved, subject to the approval of regulatory authorities, shareholders, Companies Act, 2013, the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, as amended (the Buyback Regulations) and such applicable Acts or Rules including amendments if any, a buyback of up to an aggregate amount not exceeding Rs. 1,500/- million (representing 24.77% of the paid up share capital and free reserves as on March 31, 2016) (Maximum Offer Size) at a price not exceeding Rs.250/- per equity share (Maximum Buyback Price), from the existing equity shareholders of the Company on the record date to be determined on a proportionate basis through the Tender Offer route as prescribed under the SEBI Buyback Regulations. At the Maximum Offer price of Rs. 250/- per Equity Share and for the Maximum Offer Size of Rs.1,500/- million, the indicative maximum number of Equity Shares that can be bought back would be 60,00,000 Fully paid up Equity Shares representing 15.50% of the total paid up equity share capital of the Company. In case the final Buyback price is lower than the Maximum Buyback Price, the indicative maximum number of shares will also go up accordingly. The Board also noted the intention of the Promoter of the Company to participate in the proposed Buyback. The Buyback would be subject to approval of the shareholders by way of a Special Resolution through Postal Ballot and all other applicable statutory approvals. (As per BSE Announcement dated on 24.08.2016) Infinite Computer Solutions (India) Ltd has informed BSE that with reference to the proposed Buyback offer of equity shares by the Company approved in its Board Meeting held on August 24, 2016, subject to approval of the members of the Company through Postal Ballot, results of which will be declared on October 08, 2016. In this regard, the Board will consider approving the (i) Record Date, to determine the names of the eligible shareholders from whom the shares will be bought back under the offer on proportionate basis; and (ii) Final Buyback price, number of shares to be bought back and the Offer Size for the Buyback through circulation on October 08, 2016. (As Per BSE Announcement Dated on 05.10.2016) Infinite Computer Solutions (India) Ltd has informed BSE that with reference to the proposed Buyback offer of equity shares by the Company approved in its Board Meeting held on August 24, 2016 and the approval of the members of the Company accorded through special resolution passed through Postal Ballot on October 08, 2016. Further, the Company has received requests from its Directors to convene a meeting of the Board of Directors of the Company for deciding on the price for the Buyback and accordingly no decision has been taken by the Board through circulation on the price and the record date. In this regard, the Company informed that a meeting of the Board is proposed to be held on October 12, 2016 to consider: 1. Certain clarifications/ additional disclosures, 2. A discussion on upward revision of the price for the proposed Buyback of Equity Shares. (As per BSE Announcement dated on 09.10.2016)
Board Meeting - 03-May-2016 - -
Infinite Computer Solutions (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 19, 2016, inter-alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2016. Further, the Trading Window, as per the Companys code for Prevention of Insider Trading, will remain closed from May 05, 2016 till May 21, 2016.
Board Meeting - 28-Jan-2016 - -
Infinite Computer Solutions (India) Ltd has informed BSE that a meeting of the Board of Directors of the Connpany is scheduled to be held on February 12, 2016, inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and nine months ended December 31, 2015. Further, the Company inform that the Trading Window, as per the provisions of the Companys code for Prevention of Insider Trading, will be closed from January 29, 2016 till February 14, 2016. Infinite Computer Solutions (India) Ltd has now submitted to BSE a copy of the resolution passed by the Board of Directors of the Company in their meeting held on February 12, 2016. Resolved That pursuant to the provisions of Section 203 of the Companies Act, 2013 and the Rules made there under, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, Mr. Rajesh Kumar Modi, a Fellow Member (Membership No. FCS 5176) of the Institute of Company Secretaries of India, who possess the requisite qualification as prescribed under the Companies (Appointment and Qualification of Secretary) Rules, 1988, be and is hereby appointed, on such terms and conditions as may be decided by the Managing Director & CEO, as the Company Secretary of the Company, w.e.f. February 12, 2016, to perform the duties of a Secretary as required under the Companies Act, 2013 and other duties assigned by the Board of Directors from time to time. (As Per BSE Announcement Dated on 13.04.2016)