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NSE Announcements on Electrotherm
Posted by :
MMB MessengerElectrotherm (India) Ltd. has informed the Exchange that "The Board of Directors of the Company at its meeting held on 13th April, 2009, has, inter alia, considered and approved the following: (1) In view of the change in current market scenario, the Board has reviewed the proposed Scheme of Arrangement for the demerger of the Engineering Business of the Company into a wholly owned subsidiary approved by the Board of Directors on 29th December, 2008. After deliberation, the Board has now considered it appropriate to keep the Scheme in abeyance till such time as the Board may consider appropriate. (2) Approved a Scheme of Arrangement which provides for the utilization of the Share Premium Account standing to the credit in the Books of the Company as on March 31, 2008 and the creation and utilization of the Business Development Reserve Account as described in the Scheme. (a) The said Scheme of Arrangement does not entail issue of any shares or other consideration to any of its shareholders. (b) The Scheme will be, subject to requisite Consent and approvals as may be required. (3) Appointment of Mr. Sudhir Kapur as an Additional Director."...
NSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm (India) Ltd. has informed the Exchange that "The Company has opted to submit / publish Audited Financial Results for the year ended on 31st March, 2009 within a period of three months i.e. by June 30, 2009 instead of submitting / publishing Unaudited financial results for the last quarter ended on 31st March, 2009"....
BSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm India Ltd has informed BSE that the Company has opted to publish Audited Financial Results for the year ended March 31, 2009 within a period of three months i.e. by June 30, 2009 instead of publishing unaudited financial results for the last quarter ended on March 31, 2009....
BSE Announcements on Electrotherm
Posted by : MMB Messenger
Electrotherm India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 13, 2009, inter alia, has considered and approved the following :
1. In view of the change in current market scenario, the Board has reviewed the proposed Scheme of Arrangement for the demerger of the Engineering Business of the Company into a wholly owned subsidiary approved by the Board of Directors on December 29, 2008. After deliberation, the Board has now considered it appropriate to keep the Scheme in abeyance till such time as the Board may consider appropriate.
2. Approved a Scheme of Arrangement which provides for the utilization of the Share Premium Account standing to the credit in the Books of the Company as on March 31, 2008 and the creation and utilization of the Business Development Reserve Account as described in the Scheme.
(a) The said Scheme of Arrangement does not entail issue of any shares or other consideration to any of its shareholders.
(b) The Scheme will be, subject to requisite Consent and approvals as may be required.
3. Appointment of Mr. Sudhir Kapur as an Additional Director....
BSE Announcements on Electrotherm
Posted by : MMB Messenger
Electrotherm India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 13, 2009, inter alia, to consider the following business:
1. To review the proposed Scheme of Arrangement for demerger of the Engineering Business of the Company to Electrotherm Engineering & Projects Ltd.
2. To consider appointment of an Additional Director....
NSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm (India) Ltd. has submitted to the Exchange a copy of Special Resolutions for alteration of Memorandum and Articles of Association of the Company, passed by members through postal ballot, the result of which was declared on March 20, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) ...
Result of postal ballot
Posted by : vkk43Thanks for your views....
Result of postal ballot
Posted by : morningstar
Better to avoid!!
Cheers!!...
Result of postal ballot
Posted by : vkk43Now what is your views about this share at current market rate?...
Result of postal ballot
Posted by : morningstar
Volumes are abysymally low in this stock. It has fallen down too from a high of 800 bucks!! This stock was a hidden gem of Mr. Ashish Chugh!!!!!!!!!!!
Cheers!!...
Result of postal ballot
Posted by : vkk43Electrotherm India Ltd has informed BSE that the members of the Company have passed the resolutions through Postal Ballot....
NSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm (India) Ltd. has informed the Exchange that the members of the company have approved with requisite majority, through postal ballot process, the resolutions (as per attachment), the result of which was declared on March 20, 2009 by the Managing Director. The scrutinizer has received 200 postal ballot forms, out of which 7 forms were found invalid. The details of the said result shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm India Ltd has informed BSE that the members of the Company have passed the resolutions through Postal Ballot....
NSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm (India) Ltd. has submitted to the Exchange Regulation 8A(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NSE Announcements on Electrotherm
Posted by : MMB MessengerElectrotherm (India) Ltd. has informed the Exchange that Pursuant to Section 192A of the Companies Act, 1956, company may propose any resolution to be passed through postal ballot in accordance with Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (the "Rules"), the Company is seeking the shareholders consent for passing the following resolutions by way of Postal Ballot: (1) Special Resolution for Alteration of Object Clause of the Memorandum of Association of the Company. (2) Special Resolution for giving loans or extending guarantee or providing security in excess of the limit prescribed under sub-section (1) of Section 372A of the Companies Act. 1956. (3) Special Resolution for alteration of Articles of Association of the Company. (4) Special Resolution for appointment of Mrs. Jyoti M. Bhandari, a Relative of some of the Directors to hold office or place of profit. (5) Ordinary Resolution for Re-appointment of Mr. Mukesh B. Bhandari as Chairman & Chief Technology Officer. (6) Ordinary Resolution for Re-appointment of Mr. Shailesh B. Bhandari as Managing Director. (7) Ordinary Resolution for Re-appointment of Mr. Avinash P. Bhandari as Joint Managing Director & Chief Executive Officer. (8) Ordinary Resolution for Re-appointment of Mr. Narendra B. Dalal as Whole Time Director. The Board has appointed Mr. Bipin S. Acharya, Practising Company Secretary, as Scrutinizer for conducting the postal ballot process in a fair and transparent manner. Duly completed postal ballot form should reach the Scrutinizer on or before the close of working hours on March 14, 2009. The Scrutinizer will submit his report to the Chairman after completion of the Scrutiny and the result of the voting by Postal Ballot will be announced on March 20, 2009. The copy of the Postal Ballot Notice shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
