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| Exchange Disseminated Time | Himadri Chemicals & Industries Ltd has informed BSE that members of the Company will consider to approve the following resolutions by way of Postal Ballot :
1. To create, issue, offer and allot (including with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), Equity Shares and / or Equity Shares through depository receipts including American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and / or Convertible Bonds fully or partly paid up, Fully Convertible Debentures (FCDs), Partly Convertible Debentures (PCDs) Optionally Convertible Debentures (OCDs) and / or other securities (other than warrants ) which are convertible into Equity Shares not later than sixty months from the date of allotment (QIP Securities) at the option of the Company and / or the holder(s) of such securities and / or securities linked to Equity Shares and / or securities with or without detachable / non- detachable warrants and /or warrants with a right exercisable by the warrant holder to subscribe for Equity Shares and / or any instruments or securities representing either Equity Shares, secured premium notes and /or any other financial instruments which would be converted into / exchanged with Equity Shares at a later date (the “Securities”) as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide, by way of one or more public or private offerings in domestic and / or one or more international market(s), with or without a green shoe option or private placement or issued / allotted through Qualified Institutions Placement in accordance with the Guidelines for “Qualified Institutions Placement” prescribed under Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as amended (the ‘SEBI Guidelines”) or by any one or more or a combination of the above models / methods or otherwise and at such time or times and in one or more tranches, whether rupee denominated or denominated in foreign currency, to any eligible Qualified Institutional Buyers including Foreign Institutional Investors, Resident / Non-Resident Investors (whether Institutions, Incorporated Bodies, Mutual Funds, Individuals or otherwise), Venture Capital Funds (Foreign or Indian), or Indian and / or Multilateral Financial Institutions, Mutual Funds, Non Resident Indians Stabilizing Agents and / or any other categories of Investors, whether they beholders of the Equity Shares of the Company or not ("Investors”) whether or not such Investors are Members of the Company as may be deemed appropriate by the Board and permitted under applicable laws and regulations, resulting in the issue of up to an aggregate principal amount of Rs 1000,00,00,000 (Rupees One Thousand Crores) or its equivalent in any other currency and on such terms and conditions and timing of the issue(s) / offering(s) including the Investors to whom the Securities are to be issued, issue price, number of Securities to be issued, creation of mortgage / charge in accordance with Section 293(1) (a) of the Companies Act, in respect of any securities as may be required either on pari passu basis or otherwise, the Stock Exchanges on which such securities will be listed, finalization of allotment of the Securities on the basis of the subscriptions received, face value, rate of Interest, redemption period, manner of redemption, amount of premium on redemption, the number of Equity Shares to be allotted on redemption / conversion, the ratio, period of conversion, fixing of record date or book closure dates, and any other matter in connection with, or incidental to, the issue, in consultation with the merchant bankers or other advisors or otherwise, as the Board at its sole discretion may decide together with any amendments or modifications thereto (the "issue”), subject to necessary provisions & approvals.
2. To increase the Authorized Share Capital of the Company from Rs 50,00,00,000/- (Rupees Fifty Crores) divided into 5,00,00,000 (Five Crores) equity shares of Rs 10/- each to Rs 70,00,00,000/- (Rupees Seventy Crores) divided into 7,00,00,000 (Seven Crores) equity shares of Rs 10/- each by creation of further 2,00,00,000 (Two Crores) Equity shares of Rs 10/- each and consequential amendment in the Memorandum of Association of the Company.
The Board of Directors has appointed Shri. S K Ghosh, Company Secretary - in - Practice, Kolkata, as Scrutinizer for conducting the postal Ballot process.
The Postal Ballot Form duly completed, should reach the Scrutinizer, not later than the close of working hours on or before August 21, 2009.
The results of the Postal Ballot will be announced by the Chairman or in his absence by a Director or the Secretary or such other authorized officer of the Company on August 21, 2009. |
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