Announcement Under Regulation 30(LODR)
After the conversion of its 0.01% Compulsory Convertible Preference shares into equity shares in Aeroflex Industries Limited, the Aeroflex Industries Limited became the subsidiary of the Company with effect from 02/04/2018. Announcement Under Regulation 30(LODR)
Italica global FZC, Ajman, UAE, our Wholly Owned Subsidiary has converted its 0.01% Compulsorily Convertible Cumulative Preference Shares (CCPS) of Tranche 1 & Tranche 2 of Aeroflex Industries Limited into Equity shares. Board Meeting-Outcome of Board Meeting
The Board decided to pursue new line of business related to Stainless Steel hoses and fittings. Announcement under Regulation 30 (LODR)-Updates on Acquisition
Further Subscription and Acquisition of Equity Shares in Sah Polymers Limited (a Subsidiary) and Acquisition of 0.01% Compulsory Convertible Preference shares and equity shares in Aeroflex Industries Limited. Announcement Under Regulation 30 (LODR) - Updates
Italica global FZC, Ajman, UAE, which is our Wholly Owned Subsidiary, at their meeting held on 29th March, 2018, decided to acquire 0.01% Compulsory Convertible Preference Shares of Aeroflex Industries Limited as detailed below; a.2,99,700, 0.01% Compulsory Convertible Preference shares of face value of Rs. 10/- each, b.3,00,000, 0.01% Compulsory Convertible Preference shares of face value of Rs. 200/- each and c.300 equity shares of face value of Rs. 10/- each. Board Meeting-Outcome of Board Meeting
The Company has its meeting held on today i.e. 29th March, 2018, inter-alia considered the following business; 1) a.To further subscribe 14,00,000 equity shares in Sah Polymers Limited (a subsidiary)of face value of Rs. 10/- each at Rs. 30/- each and b.Further acquisition of 2,20,000 equity shares in Sah Polymers Limited of fac value of Rs. 10/- each at Rs. 30/- each... Board Meeting On 2Nd April, 2018.
To consider enter into new line of Activities/Business with further acquisition of Equity Shares of Aeroflex Industries Limited. Board Meeting On 2Nd April, 2018.
To consider enter into new line of Activities/Business with further acquisition of Equity Shares of Aeroflex Industries Limited. Board Meeting On 29Th March, 2018.
To consider the further increase in stake of Sat Industries Limited in Sah Polymers Limited. Announcement under Regulation 30 (LODR)-Updates on Acquisition
Company has subscribed 7,600 equity shares being 19% of post issue share capital at Rs. 375/- per share of Fibcorp Polyweave Private Limited.