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| Exchange Disseminated Time | Jindal Worldwide Ltd has informed BSE that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on January 16, 2007, inter alia, to transact the following business:
1. To offer, issue and allot (including with provision for reservation on firm and / or competitive basis of such part of issue and for such categories of persons as may be permitted) in the course of Domestic / International offerings to Domestic / Foreign Institutions, Domestic / Foreign Banks, Foreign Investors (whether Institutions and / or Incorporated Bodies and / or individuals and whether or not such investors are members of the Company), Non Resident Indians, and / or other entities, Indian Bodies Corporates, Pension Funds, Individuals and / or trustees and or stabilization agents or otherwise, whether members of the Company or not, through a public issue and / or on a Private Placement basis or Preferential Allotment Basis, Ordinary Shares, debentures or bonds whether partly / optionally / fully Convertible and / or Securities linked to Ordinary Shares including but not limited to foreign Currency Convertible Bonds convertible into Equity shares at the option of Foreign Currency Convertible Bonds convertible into Equity Shares at the option of the Company and / or the holder of such securities or securities through the QIB route (Securities), such that total amount raised through the aforesaid Securities should not exceed US $ 20 million (inclusive of such premium as may be determined), with a right to the Board to retain for additional allotment such amount of subscription not exceeding 20% of the amount of the initial offer of each trenches as the Board may deem fit, subject to necessary provisions & approvals.
2. Alteration & extension in the other Objects Clause of the Memorandum of Association of the Company by inserting the new objects Clause 35 to Clause 40 as "Other Objects" in sub-clause C of Clause III of the Memorandum of Association of the Company immediately after the existing number 34 of sub-clause C of Clause III of the Memorandum of Association under "Other Objects" of the Memorandum of Association of the Company.
3. For commencing and undertaking all or any of the business specified in the clause 35 to 40 (newly introduced through sub clause 35 to 40) of the Object Clause III C of the Memorandum of Association of the Company as and when deemed fit by the Board of Directors of the Company.
4. To make investment and to acquire from time to time by way of subscription, purchase or otherwise Shares / Securities of "M/s. Balaji Realty Pvt Ltd" from "Amitara Industries Ltd" for an aggregate sum of Rs 55 Lakhs, notwithstanding that the aggregate amount of all investments / loans / securities / guarantees together with the proposed investment / acquisition of security will exceed sixty percent of the aggregate of paid-up capital and free reserves of the Company.
5. For borrowing any sum or sums of money as may be required from time to time from any one or more Banks and/or from any one or more persons, firms, Bodies Corporate or Financial Institutions, Multilateral agencies, Foreign Institutional Investors, Foreign Financial Institutions and from any Other persons or combination thereof, for the purpose of business of the Company with or without security and upon such terms and conditions as it may think fit, notwithstanding that the money or monies already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) may exceed the aggregate, for the time being, 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, however that the total amount so borrowed by the Board shall not at any time exceed the sum of Rs 750 Crores/-, subject to necessary provisions & approvals. |
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