Archive for January, 2008

Latest News : IEC Softwares Ltd

IEC Softwares Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 30, 2008, inter alia, to transact the following business:

1. To issue, offer and allot 70,00,000 (Seventy Lacs Only) Convertible Warrants (Warrants), to be convertible at the option of Warrant holder in one or more trenches, within 18 (eighteen) months from its allotment date into 1 Equity Share of the Company of face value of Rs 10/- each for each warrant for cash at an exercise price of Rs 30/- (including premium of Rs 20/-) and to issue fresh Equity Shares on the conversion of the warrants, on such further terms and conditions as may be finalized by the Board of Directors to following persons belonging to Promoter group:

1. Promoter Group:

i. R L Gupta: 1738000 No of Warrants

ii. Sharda Gupta: 1738000 No of Warrants

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Posted on 18th January 2008
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Stock News: Pyramid Saimira Theatre Ltd

 Pyramid Saimira Theatre Ltd has informed that the Board of Directors of the Company at its adjourned meeting held on January 17, 2008, has discussed certain proposals to raise additional funds for the Company and decided on the following proposals:
1. To rise additional funds through FCCB / GDR / ADR up to USD 400 millions.
2. To issue up to 1, 00, 00,000 convertible warrants to promoters / promoters group.
The Board also decided to seek the approval of the shareholders by convening an Extra Ordinary General Meeting for the above proposals.

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Posted on 17th January 2008
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Stock Market: Zicom Electronic Security Systems Ltd

Zicom Electronic Security Systems Ltd has reported in the batter Committee of Directors (CoD) in its meeting held on January 17, 2008, has been allotted by 21, 00,000 warrants of Rs 10/- every at the price of Rs 200/- per share entitle in the deserve holder to the give to one impartiality share of Rs 10/- each (in aggregate 21, 00,000 equity shares), in the following promoter Group of Companies on special basis.

The warrants and the resultant evenhandedness share that shall be below lock on for the time of three existences from the date of share i.e. January 17, 2008, in accordance with SEBI Guidelines for special Issue:

1. Coronet Properties & Investment Pvt Ltd: 10,50,000 Warrants allotted.
2. Baronet Properties & Investment Pvt Ltd: 10,50,000 Warrants allotted.

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Posted on 17th January 2008
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