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| Exchange Disseminated Time | Refex Refrigerants Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 09, 2008, inter alia, to transact the following business:
1. To create, issue / offer and allot upto a maximum of 2,75,000 equity Shares of Rs 10 each fully paid at an issue, price of Rs 200 per equity share including premium of Rs 190 per equity share the issue price being the price arrived at as provided for under Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 as on the relevant date being December 09, 2007, (as applicable to companies whose equity shares have been listed in stock exchange for a period less than six months) to the certain proposed allottees, being bodies corporate, on preferential allotment basis to the extent and in or more tranches and the manner as may be decided by the Board, in this behalf provided however that the total allottees are less than fifty in number, subject to necessary provisions & approvals.
2. To create, issue, offer in the course of one or more pubic or private offering, in domestic, or one or more international markets, equity shares or equity shares through depository receipt mechanism and / or foreign currency convertible bonds and / or securities convertible in to equity shares at the option of the Company and / or of the holder of such securities, and / or securities linked to equity shares and for any instrument or securities representing equity shares and / or convertible securities linked to equity shares (‘securities’) to investors (whether residents and / or non residents and / or strategic investors and / or institutions or banks and / or incorporated bodies and / or individuals and / or trustees and / or stabilization agents or otherwise irrespective or whether or not such investors are existing members or not) either through a prospectus and / or offer letter and / or a circular and / or on a private placement basis for an aggregate value of INR 200 crores at the relevant times of issue of securities, such issue and allotment to be made at such times in one or more tranches at such price or prices, either at a discount, equal or a premium to market prices in such manner and where necessary in consultation with the lead mangers and / or underwriters and / or advisors or otherwise on such terms and conditions which the Board may, in its absolute discretion, decide at the time of issue, subject to necessary provisions & approvals.
3. For borrowing moneys for the purposes of the Company, from time to time not withstanding that the money to be borrowed together with the money already borrowed. (Apart from temporary loans obtained from the Company’ bankers in the ordinary course of business) will or may exceed the aggregate of the paid up capital of the Company and its free reserve provided however, that the aggregate of amounts so borrowed and outstanding at anytime (Apart from temporary loan obtained from the Company’s bankers in the ordinary course of business) shall not exceed Rs 500 crores , subject to necessary provisions & approvals. |
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