Hacked by islam_Bey imhatimi.org

Hinduja Foundries Ltd has informed BSE that the Board of Directors of the Company, as part of the funding plans for the business requirements, has through a Circular Resolution, approved the proposal for raising of further capital by issue of equity shares and / or equity shares in the form of Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) and / or Foreign Currency Convertible Bonds (FCCBs) and / or securities convertible into equity shares and / or securities linked to equity shares and / or securities with or without detachable shore warrants, and / or bonds with share warrants attached secured or unsecured on private placement basis or otherwise for an amount upto Rs 250 crores (rupees two hundred fifty crores only) or its foreign currency equivalent, including the premium on the shares, at a price to be determined and subject to the approval of the shareholders and other statutory authorities as may be required.

Hinduja Foundries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 22, 2008 to July 31, 2008 (both days inclusive) for the purpose of payment of dividend & 48th Annual General Meeting (AGM) of the Company to be held on July 31, 2008.

Hinduja Foundries Ltd has informed BSE that the Company has successfully raised US$ 15 Million through the GDR issue consisting of 7,142,856 GDRs. Three GDRs represent one underlying equity share in the Company. The issue opened on April 14, 2008 and will close an April 25, 2008. Each GDR is priced at US $2.10. The GDRs will be listed on the Luxembourg Stock Exchange and traded on the Euro MTF market.

The Company has allotted 23,80,952 equity shares of Rs 10/- each in favour of The Bank of New York, the Depository as underlying shares for the aforesaid GDRs.

Amas Bank (Switzerland) Ltd acted as the Lead Manager on this transaction and Rajani Associates acted as Indian Legal Counsel to the transaction.

Advani Hotels & Resorts India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 23, 2008, inter alia, to transact the following business:

1. To take on record the consolidated un-audited financial results for the quarter
and year ended March 31, 2008.

2. To consider interim Dividend on the Equity Share Capital.

3. To consider issue of Securities to promoters and others to part-finance the refurbishment of the Hotel.