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| Exchange Disseminated Time | Alps Industries Ltd has informed BSE that the 39th Annual General Meeting (AGM) of the members of the Company will be held on September 30, 2011, at 10:00 A.M. at the Corporate Office of the company situated at 57/2, Site IV, Sahibabad Industrial Area, Ghaziabad (U.P.) to transact the following business:
1. To consider, approve and adopt the Audited Balance Sheet for the financial year ended on March 31, 2011, Profit and Loss Account for the period ended on that date and the Reports of the Board of Directors and Auditors thereon.
2. To appoint a Director in place of Mr. Prabhat Krishna, who retires by rotation and being eligible, offers himself for re-appointment.
3. To appoint M/s. P. Jain & Co., Chartered Accountants, Ghaziabad, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the company on remuneration, terms & conditions.
4. To create, offer, issue and allot as specified below at a price to be decided in accordance with chapter VII of Securities Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulation, 2009, and as amended from time to time, based on the relevant date i.e. March 31, 2011, the minimum price comes to Rs. 6.69 per equity shares, which is the date of approval of Rework Corporate Debt Restructuring (CDR) Scheme by concerned authorities/banks or as may be directed by BIFR in terms of the Rehabilitation Scheme of the company, with respect to OCCPS/CRPS issued on preferential basis only or equity shares which may arise on conversion of OCCPS into equity shares, to all or any one or more combinations of members / shareholders, promoters or their relatives & associates, Directors, Body Corporate, Independent Entities, (including Non-resident Indians, Foreign Nationals and FIIs) or any other categories of persons, bankers, institutions, any other lenders (secured or unsecured) or claimant under unpaid derivative losses and MTM derivative losses or Foreign Exchange losses, authorities or otherwise, whether or not such investors are members of the Company, in such manner and in such number as deemed fit by the Board in consultation with the concerned authorities and on such terms and conditions including as to mode of payment, security, rate of interest, conversion and other matters, rights and privileges as may be decided by the Board in its absolute discretion in consultation with the lenders/claimant bankers and in the best interest of the Company at the time of such offer, issue or allotment, on such terms as permitted by law and as deemed appropriate by the Board, on preferential basis,
to the following bankers / lenders :
Name of the allottee - State Bank of Mysore
Category - Public - Banks/Financial Institution
Nature of Instruments Total - 6,740,000
(face value of Rs. 10/- each)
Name of the allottee - State Bank of Hyderabad
Category - Banks/Financial Institution
Nature of Instruments Total - 4,050,000
(face value of Rs. 10/- each)
Name of the allottee - Punjab National Bank
Category - Banks/Financial Institution
Nature of Instruments Total - 13,490,000
(face value of Rs. 10/- each)
Name of the allottee - ICICI Bank Limited
Category - Banks/Financial Institution
Nature of Instruments Total - 2,160,000
(face value of Rs. 10/- each)
Name of the allottee - HDFC Bank Limited
Category - Banks/Financial Institution
Nature of Instruments Total - 1,080,000
(face value of Rs. 10/- each)
Name of the allottee - Standard Chartered Bank
Category - Banks/Financial Institution
Nature of Instruments Total - 2,710,000
(face value of Rs. 10/- each)
Name of the allottee - Yes Bank Limited
Category - Banks/Financial Institution
Nature of Instruments Total - 24,240000
(face value of Rs. 10/- each) |
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