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| Exchange Disseminated Time | Emkay Share & Stock Brokers Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 11, 2008, inter alia, to transact the following:
1. To increase in the existing Authorised Share Capital of the Company from Rs 25,00,00,000/- divided into 2,50,00,000 equity shares of Rs 10/- each to Rs 40,00,00,000/- divided into 4,00,00,000 equity shares of Rs 10/- each & consequential amendments in the Memorandum & Articles of Association of the Company.
2. Authority to the Board of Directors of the Company to borrow, from time to time, for the purpose of the Company's business any sum or sums of money, as it may deem fit and proper notwithstanding that the moneys to be borrowed together with the money already borrowed by the Company (apart from temporary loans obtained from the Company's bankers in ordinary course of business) may exceed the aggregate of 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 total amount of moneys so borrowed by the Company together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in ordinary course of business) shall not any time exceed the limit of Rs 300,00,00,000 (Rupees Three hundred crores only) outstanding at any time and that for the implementation of this resolution the Board may act through any Director or any other person duly authorized in that behalf, subject to necessary provisions & approvals.
3. To create, offer, issue and allot at any time to or to the benefit of such person(s) who are in permanent employment of the Company, including any Director of the Company, whether whole time or otherwise, options exercisable into Maximum 10% of the Paid Capital of the Company i.e. 24,26,575 Equity Shares of the Company under the Employee Stock Option Scheme 2007 in one or more tranches, such that upon payment of the requisite exercise price to the Company, each option would entitle an employee to one equity share of the Company of the face value of Rs 10/- fully paid-up, at or for exercise price and on such other terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority, subject to necessary provisions & approvals.
4. To create, offer, issue and allot at any time to or to the benefit of such person(s) who are in permanent employment (including directors) of
1. Emkay Fincap Ltd
2. Emkay Commotrade Ltd and
3. Emkay Insurance Brokers Ltd
being the subsidiaries of the Company, including any Director of such subsidiary companies, whether whole time or otherwise, options exercisable into not more than overall limits of 10% of the paid up capital of the company that is 24,26,575 equity shares of the Company under the Employee Stock Option Scheme 2007, in one or more tranches, such that upon payment of the requisite exercise price to the Company, each option would entitle an employee for one equity share of the Company of the face value of Rs 10/- fully paid-up, at or for the exercise price and on such other terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority, subject to necessary provisions & approvals.
5. To create, offer, issue and allot in one or more tranches, in the course of domestic / international offerings to Domestic / Foreign Investors / Institutional Investors / Foreign Institutional Investors, Qualified Institutional Buyers ("QIBs"), Members, Employees, Non-Resident Indians, Companies or Bodies Corporate whether incorporated in India or abroad, Trusts, Mutual Funds, Banks, Financial Institutions, Insurance Companies, Pension Funds, Individuals or otherwise Equity Shares and / or FCCBs with or without detachable warrants and with or without a right exercisable by the holders to convert or subscribe to Equity Shares in registered or bearer form and / or securities convertible into Equity Shares at the option of the Company and / or holders of the security and / or securities linked to Equity Shares and / or securities representing either Equity Shares or convertible securities ("Securities") or any combination of Securities of an aggregate amount not exceeding Rs 250,00,00,000/- (Rupees Two Hundred and Fifty Crores only) at such price or premium as may be decided by the Board in its sole discretion from time to time through an offer document and / or prospectus and / or offer letter and / or offering circular, and / or listing particulars, as the Board in its sole discretion may at any time or times hereafter decide, subject to necessary provisions & approvals. |
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