Batliboi Ltd has informed BSE that the Company will publish the Audited Financial Results for the year ending March 31, 2008 along with the quarterly results for the quarter ending March, 2008, within three months from the end of the last quarter, which is by June 30, 2008.
Batliboi Ltd has informed BSE that pursuant to an Order made on the February 14, 2008, the High Court of Judicature of Karnataka High Court at Bangalore by the Transferee Company ‘Batliboi SPM Pvt Ltd’ the Hon’ble High Court has directed that separate meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Batliboi SPM Pvt Ltd (”the Applicant Company”) be convened and held on March 18, 2008, for the purpose of considering and, if thought fit, approving, with or without modifications, the arrangement embodied in the Scheme of Amalgamation of Batliboi SPM Pvt. Ltd. (”the Transferor Company”) with Batliboi Ltd (”The Applicant Company”).
Batliboi Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on February 02, 2008 had unanimously approved the following:
1. Alteration of Authorised Share Capital re-classification of 9,57,520 Preference Shares of Rs 100/- each into 1,91,50,400 Equity Shares of Rs 5/ each.
2. Issue of Equity Shares through a Qualified Institutions Placement to Qualified Institutional Buyers for a sum not exceeding Rs 100 Crores, pursuant to the Guidelines issued by the Securities and Exchange Board of India dated May 08, 2006, for “Qualified
Institutions Placement” under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, (”QIP Guidelines”).