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| Exchange Disseminated Time | Genesys International Corporation Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 31, 2011, inter alia, to transact the following business:
1. To create, offer, issue and allot in one or more tranches, in the course of domestic / international offerings to one or more persons as the Board may determine at its absolute discretion, whether or not they are members of the Company, including but not limited to domestic investors / foreign investors whether having presence in India or not / institutional investors / foreign institutional investors, members, employees, non-resident Indians, companies or bodies corporate whether incorporated in India or abroad, trusts, qualified institutional buyer, mutual funds, banks, financial institutions, insurance companies, pension funds, individuals or otherwise, through a preferential issue and / or private placement, with or without an over-allotment option, equity shares and / or equity shares through depository receipts including Foreign Currency Convertible Bonds and / or Global Depository Receipts and / or American Depository Receipts and / or Qualified Institutions Placement (QIP) and / or any other securities convertible into equity shares at the option of the Company and / or holder(s) of the securities and/or securities linked to equity shares and / or securities with warrants including any instruments or securities representing either equity shares and / or Foreign Currency Convertible Bonds or convertible securities or securities linked to equity shares or equity shares / fully convertible debentures / partly convertible debentures or any securities, which are convertible or exchangeable with equity shares at a later date (hereinafter, collectively referred to as ‘Securities”), secured or unsecured, listed on any Stock Exchange inside India or outside India, through an offer document and / or offering circular and / or information memorandum and / or any other offering document(s) including an umbrella or shelf offering document, and / or listing particulars, as the Board in its sole discretion may at any time or times hereafter decide, for an aggregate amount not exceeding INR 350 Crores (Or an equivalent amount in one or more foreign currencies at the prevailing exchange rate), inclusive of such premium from time to time, such issue and allotment to be made at such time or times in one or more tranches, denominated in one or more currencies, at such price or prices in such manner and where necessary in consultation with the lead managers and/or merchant bankers and / or underwriters and / or stabilizing agents and / or other advisors or otherwise on such terms and conditions as the Board may, in its absolute discretion, decide at the time of issue of Securities with or without any green shoe option, through an offer document and / or information memorandum as the Board in its sole discretion decide, subject to necessary provisions & approvals.
2. To borrow and raise such sum or sums of money or monies from time to time as may be required for the purpose of business of the Company notwithstanding that the money or monies to be borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) will exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the aggregate of such borrowings shall not exceed, at any point of time Rs. 400,00,00,000 (Rupees Four hundred Crores Only) over and above the aggregate of the paid-up capital and free reserves of the Company, subject to necessary provisions & approvals. |
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