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| Exchange Disseminated Time | Windsor Machines Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held at 11.00 a.m. on May 12, 2011 at The Thane Small Scale Industries Association, Tssia House, Plot No. P-26, Road No. 16-T, Wagle Industrial Estate, Thane - 400 604, to transact the following business as Special Business :
1(a). To issue and allot, upto 1,87,50,000 (One Crore Eighty Seven Lacs fifty thousands Only) Equity Shares of Rs. 4/- (Rupees Four only (post reduction as per Scheme)) each fully paid up, at par, total face value of such shares aggregating to Rs. 7,50,00,000/- ( Rupees Seven Crores Fifty Lacs only); to
(i) Name of Entity : M/s Ghodbunder Developers Pvt Ltd
- No. of Shares : 12,50,000
(ii) Name of Entity : M/s Castle Equipments Pvt Ltd
- No. of Shares : 1,75,00,000
1(b). To issue and allot, after the allotment of Equity Shares pursuant to the preceding resolution, after reduction of capital in accordance with Scheme and after subdivision of the Equity Shares as proposed elsewhere in this Notice, upto 7,77,57,500 (Seven Crores Seventy Seven Lacs Fifty-seven thousand five hundred only) Equity Shares of Rs. 2/- (Rupees Two only) each fully paid up, at par, total face value of such shares aggregating to Rs, 15,55,15,000/- (Rupees Fifteen Crores Fifty Lacs fifteen thousand only), to:
(i) Name of Entity : M/s Ghodbunder Developers Pvt Ltd
- No. of Shares : 51,84,000
(ii) Name of Entity : M/s Castle Equipments Pvt Ltd
- No. of Shares : 7,25,73,500
2. To issue and allot, after the allotment of shares pursuant to the preceding two resolution and after subdivision of the Equity Shares as proposed elsewhere in this Notice, upto 13,60,000 (Thirteen lakhs Sixty thousand only) Equity Shares of Rs. 2/- (Rupees Two only) each fully paid up, at par, total face value of such shares aggregating to Rs. 27,20,000 ( Rupees twenty-seven lakhs twenty thousand only), to:
M/s Brescon Corporate Advisors Limited, Mumbai: 13,60,000 Equity Shares of Rs. 2/- each on such further terms and conditions, as may be finalized by the Board of Directors, in accordance with law applicable, if any, to issue of Equity Shares, and subject to the terms and conditions.
3. To increase the authorised share capital of the Company to Rs. 40,00,00,000 (Rupees Forty crores only) divided into 15,00,00,000 (Fifteen crores only) ordinary Equity Shares of Rs. 2/- each (Rupees Two only) and 5,00,00,000 (five crores only) Differential Voting Rights shares of Rs. 2/- each (Rupees two only) and consequential amendment in the Memorandum of Association and Articles of the Articles of Association of the Company.
4. To appoint Mr. Kishore C. Gupte as an Executive Director for a period of three years with effect from April 01, 2011 on the terms and conditions mentioned in the Explanatory Statement of EGM Notice. |
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