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| Exchange Disseminated Time | Winsome Yarns Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 28, 2010, inter alia, to transact the following:
1. To create, open, issue, offer and allot in the course of one or more public or private offerings in domestic and/ or one or more International markets to domestic/ foreign investors/ institutional investors/ foreign institutional investors, 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, financial investors or otherwise, whether or not shareholders of the company, through equity shares/ preference shares/ equity shares through Global Depositary receipts/ Global Depositary Receipts (GDRs)/ American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCB) or through debentures convertible into equity shares or through Qualified Institutions Placement (QIP), to Qualified Institutional Buyers (QIBs) in accordance with SEBI (Issue of Capital and Disclosure Requirements (Regulations), 2009, (hereinafter referred to as "Securities") secured or unsecured, listed on any stock exchange in India or international stock exchanges, through prospectus and/or offer letter or offering circular and/or on private preferential basis, from time to time as may be deemed necessary by the Board in its sole discretion for an aggregate amount not exceeding Rs. 100 crores (Rupees One hundred Crores only) (with permissible green shoe option) or equivalent in Indian and/or in any other currency(ies) (inclusive of such premium as may be fixed on such equity shares) or up to such limit as may be permitted by the Ministry of Finance or such other Authorities, at such price or prices which is in compliance with applicable laws, as they may be amended from time to time, at a discount or premium to market price or prices in such manner and on such terms and conditions or such modifications thereto and deemed appropriate by the Board at the time of such issue or allotment considering the prevailing market conditions and other relevant factors, and such issue and allotment be made in one or more tranches, on such terms and conditions as may be decided by the Board in its sole and absolute discretion at the time of issue or allotment where ever necessary. In consultation with the lead managers and/ or underwriters and/or through the subsidiaries, with authority to retain over subscription upto such percentage as may be permitted by the Appropriate Authority and so as to also enable the company to get listed on Indian stock exchanges and overseas stock exchange(s) such as Singapore, Luxembourg, London, NASDAQ, New York stock exchanges and/or any other overseas stock exchanges, subject to necessary provisions & approvals.
2. For investment by Foreign Institutional Investors, including their sub-accounts ("FIIs") in the shares or debentures convertible into shares of the Company, by direct investment, purchase, or through private placement/ acquisition from the market under the portfolio investment scheme, on repatriation basis or otherwise, subject to the condition that such investments together with their existing holdings, if any, shall not exceed, in the aggregate, 74% of the paid up share capital of the Company, subject to necessary provisions & approvals.
3. To increase the Authorized Share Capital of the Company from Rs. 60,00,00,000 (Rupees Sixty Crores only) divided into 60,00,00,000 (Sixty Crores) equity shares of Re. 1/- (One) each to Rs. 65,00,00,000 (Rupees Sixty Five Crores only) by creation of further 5,00,00,000 equity shares of Re. 1 /- each & consequential amendment in the Memorandum of Association of the Company. |
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