Kalindee Rail - EGM on Mar 15, 2008
Kalindee Rail Nirman Engineers Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 15, 2008, inter alia, to transact the following business:
1. To raise additional funds up to an amount of Rs 150.00 Crores (One Hundred Fifty Crores only) so as to offer, issue and allot, on such occasions or occasions, in one or more than one trenches, Equity Shares / fully convertible debentures (FCDs) / partly convertible debentures (PCDs) or any such instrument(s) or security(ies) other than warrants, which are convertible into or exchangeable with Equity Shares at a later date, to be termed as Specified Securities to Qualified Institutional Buyers (QIB) as defined under clause 2.2.2B(v) of SEBI (DIP) guidelines pursuant to Chapter XIIIA of SEBI (DIP) Guidelines, 2000 as amended, on such date/dates as determined by the Board but not later than 60 Months from the date of allotment (”Securities?) to be subscribed on the basis of placement documents, subject to necessary provisions & approvals.
2. To issue and allot by way of private placement on a preferential basis upto 18,00,000 (Eighteen Lakh) Equity Warrants, at a price of Rs 402/- per warrant (Rs 10/- face value + Rs 392/- Premium) being the price which is in accordance with the SEBI (Disclosure and Investor Protection) Guidelines 2000 for preferential issue to the following promoters of the Company and all such Equity Warrants which would be converted into equity shares at a later date but not later than 18 months from the date of allotment of Equity Warrants shall rank pari passu with the then existing equity shares of the Company in all respects.
1. Name of Promoter/Promoters Group: R D Sharma
No of Equity Warrants: 600000
2. Name of Promoter/Promoter Group: Sunita Gemini
No of Equity Warrants: 100000
3. Name of Promoter/Promoter Group: Brijlata Gemini
No of Equity Warrants: 100000
4. Name of Promoter/Promoter Group: Uma Shankar Gemini
No of Equity Warrants: 50000
5. Name of Promoter/Promoter Group: Laxmi Gemini
No of Equity Warrants: 50000
6. Name of Promoter/Promoter Group: Arvind Gemini
No of Equity Warrants: 300000
7. Name of Promoter/Promoter Group: Shambhavi Gemini
No of Equity Warrants: 50000
8. Name of Promoter/Promoter Group: S D Sharma
No of Equity Warrants: 350000
9. Name of Promoter/Promoter Group: Shanti Devi Sharma
No of Equity Warrants: 200000
3. To allow investments by Foreign Institutional Investors including their sub-accounts (”FIIs”), in the Equity Shares of the Company, either by direct investment or by purchase or otherwise, by acquiring from the market under the portfolio investment scheme or otherwise as may be permitted under the provisions of Foreign Exchange Management Act, 1999 (”FEMA”) and rules, regulations and the like of Reserve Bank of India on a repatriation basis, upto 74% of the Paid-up Equity Share Capital of the Company, subject to necessary provisions & approvals.
Tags: Kalindee Rail