|
| Exchange Disseminated Time 17/09/2015 18:22:19 | A2Z Infra Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 17, 2015, has transacted the following:
1. Allotment of 2,46,95,780 (Two Crore Forty Six Lac Ninety Five Thousand Seven Hundred Eighty) warrants convertible into equal no. of equity shares of Rs. 10/- each (exercisable in one or more tranches) at the option of the holder thereof at any time within 18 (eighteen) months after the allotment i.e. (September 17, 2015) at an issue price of Rs. 21.66 each on preferential basis to persons other than the promoters and Promoter group as per SEBI (ICDR) Regulations, 2009 as amended from, time to time in terms of approval granted by the shareholders of the Company in their meeting duly held on August 17, 2015 (Monday).
The Company has received Rs. 13,37,27,646/- (Rupees Thirteen Crore Thirty Seven Lac Twenty Seven Thousand Six Hundred and Forty Six only), being the 25% subscription amount as per the SEBI ICDR regulation.
2. Allotment of 81,00,000 (Eighty One Lacs) Equity Shares on preferential basis to ICICI Bank Limited as per SEBI (ICDR) Regulations, 2009 as amended from time to time, on the conversion of Funded Interest Term Loan (FITL) as per approved CDR Package of the Company and in terms of approval granted by the shareholders of the Company by the way of Postal Ballot, the result of which were declared on June 24, 2014.
The said 81,00,000 (Eighty One Lacs) equity shares shall be locked in for a period of 1 Year from the date of the Trading Approval in terms of ICDR Regulations.
Further the post allotment paid up capital of the Company shall be Rs. 116,81,76,940/- (Rupee One Hundred Sixteen Crores Eighty One Lacs Seventy Six Thousand Nine Hundred Forty only).
3. Mr. Lalit Gulati, has been Appointed as Chief Financial Officer of the Company effective from September 23, 2015 in place of Mr. Gaurav Jain, Chief Financial Officer who has resigned from the Company. In order to facilitate an orderly transition, Mr. Jain will continue serving as CFO until September 22, 2015. The Company appreciates the tremendous work ethics and professionalism exhibited by him during his tenure of service with the Company.
4. Further, Mr. Gaurav Jain has been appointed as Non-Executive Non Independent Director on the Board effective from September 23, 2015.
5. To consider and recommend to the shareholders of the Company by way of Postal Ballot for ratification of relevant date in terms of the In-principle listing approval obtained from BSE Limited under clause 24(a) of the Listing Agreement, as mentioned in the Notice dated July 16, 2015 for convening the Extra-Ordinary General meeting duly held on August 17, 2015 for the issue of warrants to persons other than Promoter and Promoter Group on a preferential basis. |
|
|