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| Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on July 04, 2011, at 10.00 a.m. at the Registered Office of the Company, inter alia, to transact the following Special business:
1. To increase the Authorized Capital of the Company from Rs. 20,00,00,000/- (Rupees Twenty Crores only) divided into 2,00,00,000 (Two crore only) Equity Shares of Rs. 10/- (Rupees Ten only) each to Rs. 25,00,00,000/- (Rupees Twenty Five crores only) divided into 2,50,00,000 (Two crores Fifty lakhs only) Equity Shares of Rs. 10/- (Rupees Ten only) each by creation of 50,00,000 (Fifty lakhs only) equity shares of Rs. 10/- (Rupees Ten only) each and consequential amendment in the Memorandum of Association of the Company.
2. To offer, issue and allot equity shares of Rs. 10/- each (“Equity Shares”) through Qualified Institutions Placement (“QIP”), at a premium calculated in accordance with the SEBI (ICDR) Regulations and other relevant guidelines/ regulations as may be applicable, be offered, issued and allotted, to eligible qualified institutional buyers — in terms of the provisions of Chapter VIII of SEBI (ICDR) Regulations and as the Board may in its absolute discretion decide, whether or not such qualified institutional buyers are members of the Company, to all or any of them, jointly or severally, such offer, issue and allotment to be made at such time/s in such tranch or tranches, at such price sand in such manner and form including in physical/demat, and on such terms and conditions as the Board may in its absolute discretion think fit and proper but in accordance with the aforesaid acts, regulations, and other provisions provided that in consultation with lead managers, financial advisors and legal advisors up to an amount, the aggregate value of the Equity Shares issued and allotted and / or to be issued, shall not exceed Rs.750,000,000/- (Rupees Seven Hundred and Filly million only), subject to necessary provisions & approvals. |
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