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| Exchange Disseminated Time | Donear Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 30, 2007, to transact the following business:
1. To issue, offer and allot in international / local offerings any security including, Global Depository Receipts (GDRs) and / or American Depository Receipts (ADRs) convertible into equity shares, foreign currency convertible bonds (FCCBs), warrants, convertible into depository receipts with underlying equity share / equity shares ("securities") for an aggregate sum of upto US$ 40 million or equivalent in Indian / or any other currency (IES) with such premium as may be appropriate, to Foreign Banks / Indian Banks, Financial institutions, Foreign Institutional Investors, Mutual Funds, Trusts, Companies, Non Resident Indians, Foreign Nationals, Indian Residents, Persons of Indian Origin, Individuals and other eligible investors ("Investors") and whether or not such investors are members, promoters, directors or their relatives / associates, of the company, without first offering to the existing shareholders, through public issues, private placements or a combination thereof at such time or times in such tranche or tranches at such price or prices, at such premium as may be appropriate to market price or prices in such manner and on such terms and conditions as may be decided by the board, wherever necessary in consultation with the lead managers, underwriters, advisors or through the subsidiaries, including by way of Public Offer in EURO, US or other countries, so as to enable the company to get listed at any stock exchanges in India and / or outside India, subject to necessary provisions & approvals.
2. To borrow (for Company purposes) or such terms and conditions as they may deem fit, monies in excess of the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set aside for any specific purpose, but so that the total amount of the monies which may be borrowed together with the monies already borrowed by the company (apart from temporary loans obtained from the companies bankers in the ordinary course of business), shall not exceed Rs 500 crores, Subject to necessary provisions & approvals. |
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