Evinix Accessories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 09, 2008, inter alia, has approved the following:
1. Appointed Dr. A K Doshi and Dr. Deepak Malhotra as Additional (Independent) Directors of the Company.
2. Accepted the resignation of Mr. Piyush Gupta and Dr. Saiyed Muzaffar Ishtiaque, Independent Directors with immediate effect.
Evinix Accessories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 10, 2008, inter alia, has transacted the following:
1. Not recommended any Dividend for the Financial Year 2007-08, keeping in view the expansion programmes of the Company.
2. Accepted the resignation of Mr. A K Singhal, Director (Finance & Accounts) with Immediate effect. Mr. Singhal has resigned from the Board of Directors of the Company due to his personal reasons & circumstances.
Evinix Accessories Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 10, 2008, inter alia,
1. To consider, approve and take on record Audited Financial Results of the Company for the year ended March 31, 2008.
2. If thought fit, to recommend a dividend for the year ended March 31, 2008.
With reference to the earlier announcement dated May 22, 2008 regarding the Board Meeting to be held on May 30, 2008, inter alia,
1. To consider, approve and take on record Audited Financial Results of the Company for the year ended March 31, 2008.
2. If thought fit, to recommend a dividend for the year ended March 31, 2008, Evinix Accessories Ltd has now informed BSE that the meeting of Board of Directors of the Company, as scheduled above, to be held on May 30, 2008 stands postponed till further notice.
Evinix Accessories Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2008, inter alia,
1. To consider, approve and take on record Audited Financial Results of the Company for the year ended March 31, 2008.
2. If thought fit, to recommend a dividend for the year ended March 31, 2008.
3. Matters incidental to the above.
Evinix Accessories Ltd has informed BSE that members of the Company, by way of Postal Ballot, have passed the following Special Resolutions with requisite majority :
1. For further Issue of Securities.
2. For Alteration of Share Capital by way of Sub-division of Shares of the Company.
3. For Alteration of Memorandum of Association of the Company.
Evinix Accessories Ltd has informed BSE that as per expansion plans, the Company has successfully launched its first two (2) Retail Stores in Pune under brand name “CUT”.
“CUT” is an abbreviation that stands for Comfortable, Urban and Trendy. CUT Stores are selling Fashion Accessories, Apparel and Footwear of various Famous National & International Brands and will provide a unique store experience especially to youngsters (aged between 16 to 35).
Evinix Accessories Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Special Resolutions:
1. To create, issue, offer and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), equity shares and / or equity shares through depository receipts including American Depository Receipts, Global Depository Receipts and / or convertible bonds, convertible debentures, fully or partly, and / or other securities convertible into equity shares at the option of the Company and / or the holder(s) of such securities and / or securities linked to equity shares and / or securities with or without detachable / non-detachable warrants and / or warrants with the right exercisable by the warrant-holder to subscribe, for equity shares and / or a instruments or securities representing either equity shares, secured premium notes, and / or and Other financial instruments which would be converted into / exchanged with equity shares at a later date (”Securities”) as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal; advisors may at any time decide, by way of one or more public or private offerings in domestic and / or one or more international market(s), with or without a green shoe option, or private placement or issued / allotted through Qualified Institutions Placement in accordance with the Guidelines for “Qualified Institutions Placement” prescribed under Chapter of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (”the SEBI Guidelines?), or by any one or more or a combination of the above model / methods-or otherwise and at such time or times, one or more tranches resulting in the issue up to and not exceeding Rs 150 Crores (Rupees One Hundred and Fifty Crores only) or its equivalent in one or more currencies, inclusive of such premium, as may be fixed on such securities and or such terms and conditions and timing of the issue(s) / offering(s) including the investors to whom the Securities are to be issued, issue price, number of Securities to be issued, the stock exchange on which such Securities will be listed, finalisation at allotment of the Securities on the basis of the subscription received, face value, rate of interest, redemption period, manner of redemption, amount of premium on redemption the number of equity share to be allotted on redemption / conversion the ratio, period of conversion fixing of records date or book closure dates, and any Other matter in connection or incidental to, the issue, in consultation with the merchant bankers or otherwise, as the Board at its sole discretion may decide together with any amendments or modifications thereto (”issue”), subject to necessary provisions & approvals.
2. To sub-divide the each Equity Share of the face value of Rs 10/- of the Company into 10 equity shares of face value of Rs 1/- each.
3. To alter the existing clause V of the Memorandum of Association of the Company relating to the share capital by deleting the same and substituting in place thereof the following new clause V:
Clause V: The Authorised Share Capital of the Company is Rs 20,00,00,000 (Rupees Twenty Crore Only) as consisting of 20,00,00,000 (Twenty Crore Only) Equity Shares of Re 1/- (Rupee One) each with power to increase, reduce or divide the Capital for the time being into several classes and to attach thereto respectively such preferential, priority deferred, qualified or special rights, privileges, security conditions or restrictions, whether in regard to dividend, voting, return of capital, distribution of assets or otherwise, as may be determined in accordance with the provisions of the Act and Rules and Regulations made there under, and to vary or abrogate any such rights, privileges, conditions or restrictions in such manners may from time to time be provided under the provision of the Act and Rules and Regulations made there under of the Company and consolidate or sub divide or reorganize shares or issues of shares of higher or lower denominations or conversion above Equity Shares into Preference Shares whether convertible or non-convertible, redeemable or otherwise, and whether cumulative or otherwise, on terms & conditions as may be decided by the Directors. The Board of Directors may at any time issue any part of the unissued Equity Shares as mentioned above as Preference Shares.
The Board of Directors has appointed Mr. Rajiv Khosla, Practicing Company Secretary of M/s. Rajiv Khosla & Associates, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer not later than the close of working hours on April 10, 2008. The scrutinizer will submit his final report after completion of the scrutiny and the results of the postal ballot shall be announced by Mr. Raujeev Taneja, Managing Director or any other Director of the Company on April 11, 2008.
Evinix Accessories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 10, 2008, inter alia, has approved the following matters:
1. Further Issue of Securities u/s 81 (1A) of the Companies Act, 1956.
2. Alteration of Share Capital by way of Sub-division of Equity Shares of face value of Rs 10/- each into 10 equity shares of Re 1/- each and consequent alteration in the Memorandum of Association of the Company.
3. Notice of Postal Ballot for seeking the approval of the Shareholders for the aforesaid matters.