Hacked by islam_Bey imhatimi.org

SEL Manufacturing Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 23, 2008, inter alia, to consider and approve the following:

1. The unaudited financial results for the quarter ended June 30, 2008.

2. The conversion of warrants into Equity Shares of the Company upon exercise of conversion option by those allottee(s) who have made a request in this regard to the Company.

SEL Manufacturing Company Ltd has informed BSE that the Company is setting up an Integrated Textile and Apparels Park at Village Sekhan Majra, District Nawan Shaher for which concerned SPV has received approvals from the Ministry of Textiles of Government of India sanctioning the Project under the Scheme for Integrated Textile Park (SITP) entitling to get maximum subsidy of 40% of total infrastructure cost for setting up the same by the SPV.

SEL Manufacturing Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 02, 2008, inter alia, has transacted the following:

1. (Upon exercise of conversion option to convert 14,00,000 Equity Warrants into Equity Shares of the Company by one of the allottees of Equity Warrants, namely Matterhorn Ventures by paying 90% balance money) has passed the resolution, pursuant to approval of the Shareholders at their meeting held on February 27, 2008, that 14,00,000 Equity Shares of Rs 10/- each of the Company be allotted, on such conversion of warrants, at a price (including premium), of Rs 185.00 per share in the following manner:

Name of the Allottee: Matterhorn Ventures (Non-Promoter)

No. of Shares Allotted: 14,00,000

Consequent upon the conversion of 14,00,000 Equity Warrants into Equity Shares to Matterhorn Ventures, the total issued and paid up capital of the Company stands increased to Rs 16,61,60,000 divided into 1,66,16,000 Equity shares of Rs 10/- each.

The new 14,00,000 Equity Shares of Rs 10/- each allotted to Matterhorn Ventures are under Lock-in period in compliance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000 as amended.

2. have reviewed the progress / implementation of the ongoing expansion project(s) of the Company in different segments. The implementation work of the expansion project(s) of the Company is being done as per schedule and these project(s) as such are expected to be fully operational well within/before the timelines set in this regard.

SEL Manufacturing Company Ltd has informed BSE that the Board of Directors of the Company at their meeting held on April 23, 2008 has adjourned the matter of approving the Annual Accounts (Audited) for the year ended March 31, 2008 along with other results due to non finalization of the same and the Board will meet again (in its adjourned meeting) to consider and approve the same will be held on April 30, 2008 and to recommend dividend, if any for the financial year ended March 31, 2008.

SEL Manufacturing Company Ltd has informed BSE that Board of Directors of the Company in their meeting held on April 23, 2008 have adjourned the matter of approving the Annual Accounts (Audited) for the year ended March 31, 2008 along with other results due to non finalization of the same and the Board will meet again (in its adjourned meeting) to consider and approve the same on April 30, 2008.

SEL Manufacturing Company Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 23, 2008, have approved the following:

1. Insertion of Clause 7A in the Articles of Association of the Company to specifically provide for the powers of the Company to issue Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) and / or Foreign Currency Convertible Bonds (FCCBs) and / or any other instrument or securities representing convertible securities convertible into Shares of the Company.

2. Authority to the Board to raise finds for the Company, subject to necessary approvals and applicable laws & regulations, by way of issue of securities, in the course of an international offering(s), in one or more foreign markets, at such time or times in one or more tranche or tranches, such Securities include Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs) or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, whether optionally or otherwise or any combination thereof (”Securities”) upto an aggregate amount not exceeding Two Hundred Fifty Million Unites States Dollars (US $ 250 Million).

SEL Manufacturing Company 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 consider and approve the Annual Accounts (Audited) for the year ended March 31, 2008 & financial results for the quarter ended March 31, 2008 and also to recommend dividend, if any, for the financial year ended on that date.

SEL Manufacturing Company Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 23, 2008, inter alia, to transact the following:

1. To amend the existing Article 7 of the Articles of Association of the Company by inserting the following new Article 7A:

7A: The Company shall, subject to the provisions of the Act, compliance with all applicable laws, rules and regulations, have power to issue Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) and / or Foreign Currency Convertible Bonds (FCCBs) and / or any other instrument or securities representing convertible securities convertible into shares of the Company, on such terms and in such manner as the Board deems fit including their conversion and repayment. Such terms may include, at the discretion of the Board limitations on voting by holders of ADRs or GDRs etc., including without limitation, exercise of voting rights in accordance with the directions of the board or otherwise.

2. To create, offer, issue and allot, in the course of an international offering(s), in one or more foreign markets, any securities including Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs), with or without green shoe option, or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, whether optionally or otherwise or any combination thereof (”Securities?) to such investors including institutions, financial institutions and / or corporate bodies, mutual funds, banks, insurance companies, foreign institutional investors, Trusts and / or individuals or otherwise whether or not such persons / entities / investors are members of the Company, as the Board may, in its sole discretion deem appropriate, by way of circulation of an offering circular or prospectus or by way of private placement memorandum or any offering memorandum or a combination thereof, upto an aggregate amount not exceeding Two Hundred Fifty Million Unites Sates Dollars (US $ 250 Million) (inclusive of such premium as may be determined by the Board and as permitted by the prescribed authorities etc.) to be subscribed in foreign currency(ies). Such issue and allotment shall be made at such time or times in one or more tranche or tranches at such price or prices, at a discount or premium to market price or prices in such manner and / or such terms and conditions as may be decided and deemed appropriate by the Board at the time of such issue or allotment considering the prevalent market conditions and other applicable laws / factors in this regard, subject to necessary provisions & approvals.

SEL Manufacturing Company Ltd has informed BSE that Mr. Sanjay Jain has resigned from the Directorship of the Company due to his pre-occupations and personal reasons w.e.f. March 31, 2008.

Further the Board of Directors of the Company at its meeting held on April 01, 2008 have appointed Mr. Amar Narang in place of Mr. Sanjay Jain in the existing committees constituted by the Board i.e. Audit Committee, Remuneration Committee and Investor Grievance Committee.

SEL Manufacturing Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 25, 2008, inter alia, has approved the following:

1. Insertion of Clause 7A in the Articles of Association of the Company to specifically provide for the powers of the Company to issue Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) and / or Foreign Currency Convertible Bonds (FCCBs) and / or any other instrument or securities representing convertible securities convertible into Shares of the Company.

2. To raise funds for the Company by way of issue of securities including Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) convertible into equity shares, Foreign Currency Convertible Bonds (FCCBs) or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants etc. convertible into equity shares, whether optionally or otherwise or any combination thereof (”Securities”) upto an aggregate amount not exceeding Two Hundred Fifty Million United States Dollars (US $ 250 Million).

3. The Board has decided to seek the approval of the shareholders by convening an Extra Ordinary General Meeting inter alia for the above said proposals.