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Ester Industries fixes
record date |
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(Thursday, February 12, 2004
12:19:46 PM) |
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Ester Industries Ltd has fixed February 27, 2004
as the record date for the reduction of share capital
and payment of interim dividend. |
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Ester Industries Board approves
scheme sanctioned by BIFR |
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(Tuesday, February
10, 2004 5:44:28 PM) |
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Ester Industries Ltd has informed BSE that at the
board meeting held on February 10, 2004 has approved the
following:
Allotted on preferential basis 1,46,82,000 equity
shares of Rs 10/- each at par out of which 1,20,00,000
equity shares have been allotted to promoters and
associates and converted and allotted 2,68,200 10%
cumulative convertible preference shares (CCPS) of Rs
100/- each into 26,82,000 equity shares of Rs 10/- each
at par to IFCI Ltd, Industrial Development Bank of India
(IDBI) and the Administrator of the specified
undertaking of the Unit Trust of India (UTI) as per the
Rehabilitation Scheme sanctioned by the Board for
Industrial and Financial Reconstruction (BIFR). After
the allotment of the said equity shares, the issued and
paid up capital stands increased to Rs 55,50,24,000
divided into 5,55,02,400 equity shares of Rs 10/-
each.
The
coupon rate of dividend on RCPS has been reduced to 0.1%
as per the sanctioned scheme.
The
Board also considered and reduced the face value of
55502400 (includes 14682000 new equity shares) equity
share from Rs 10/- each to Rs 5/- each and 559521
preference share from Rs 100/- each to Rs 50/- each.
There is no reduction in the number of equity and
Preference shares.
The
Board has decided to pay a maiden interim dividend @
12.5% for the financial year 2003-2004 on the reduced
face value of equity shares of Rs 5/- each. The dividend
on the new shares shall be paid on pro rata basis i.e.
from the date of allotment.
The
Board has designated Mr Arvind Kumar Singhania as the
Vice Chairman and Managing
Director.
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Ester Industries board to
consider scheme sanctioned by
BIFR |
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(Friday, January 30, 2004
7:38:47 PM) |
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Ester Industries Ltd has informed BSE that at the
meeting of the BoD of the company to be held on February
10, 2004, as per the scheme sanctioned by the Board for
Industrial and Financial Reconstruction (BIFR), the
Board shall also consider the reduction of the face
value of the equity share capital from Rs 10/- each to
Rs 5/- each and preference share capital from Rs 100/-
each to Rs 50/- each but the number of share shall
remain the same and the allotment on preferential basis
120,00,000 equity shares of Rs 10/- to promoters and
associates and conversion of 268200 10% cumulative
convertible preference shares of Rs 100 each into
2682000 equity shares of RS 10/- at par to IFCI Ltd,
Industrial Development Bank of India (IDBI) and the
Undertaking of the specified Undertaking of the Unit
Trust Of India (UTI).
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Ester
Industries preference shareholders approve conversion of
RCPS |
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(Tuesday, January 13, 2004 11:41:40
AM) |
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Ester Industries Ltd has informed BSE that at the
general meeting of the preference shareholders held on
January 5, 2004 the preference shareholders have passed
the resolution for conversion of nature of 268200 10%
Redeemable Cumulative Preference Shares (RCPS) of
Rs.100/- each into 10% Convertible Cumulative Preference
Shares of Rs.100/- each. |
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Ester
Industries Board to consider allotment of
shares |
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(Friday, January 02, 2004 5:03:13
PM) |
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Ester Industries Ltd has informed BSE that the
meeting of the Board of Directors has been convened on
January 5, 2004 to consider allotment of 268200 10%
Convertible Cumulative Preference Shares of Rs 100/-
each and allotment of 1,20,00,000 Equity Shares of Rs
10/- each at par to promoters' associates or
constitution of Committee for allotment of shares in
addition to other business. |
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Ester Industries promoters
and their associates bring in 120
million |
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(Thursday,
December 18, 2003 10:35:36
AM) |
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Ester Industries Ltd has informed BSE that the
rehabilitation scheme approved by the Hon'ble Board for
Industrial and Financial Reconstruction (BIFR) that the
promoters and their associates shall bring Rs 120
million in the form of Equity at par.
The
promoters and their associates have already brought in
Rs 120 million in compliance of the order of Hon'ble
BIFR. The company would be allotting the
shares. |
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Ester Industries takes on
record the rehabilitation scheme
|
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(Friday,
December 12, 2003 5:20:28
PM) |
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Ester Industries Ltd has informed BSE that the
BoD in their meeting held on December 11, 2003 has taken
on record the rehabilitation scheme as approved by the
Hon'ble Board for Industrial and Financial
Reconstruction (BIFR).
The
BoD has also convened the general meeting of the
preference shareholders on January 5, 2004 to obtain the
consent of the preference shareholders to convert 268200
10% Redeemable Cumulative Preference Shares (RCPS) of Rs
100/- each to 268200 10% Convertible Cumulative
Preference Shares of Rs 100/- each in order to give
effect to conversion of 268200 RCPS into Equity
Shares.
The
Board has considered and approved in principle expansion
of Polyester Film capacity by 24000 TPA in United Arab
of Emirates. |
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Ester Industries members
approves delisting of shares from 5 Stock
Exchanges |
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(Saturday,
October 11, 2003 3:24:13 PM) |
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Ester Industries Ltd has informed BSE that in the
Annual General Meeting of the company held on September
29, 2003, the shareholders have approved the delisting
of equity shares of the company from Ahmedabad, Kolkata,
Delhi, Kanpur, & Bangalore Stock
Exchanges. |
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Ester Industries clarifies
on news item |
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(Monday, September 08,
2003 2:35:23 PM) |
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With
reference to the news item appearing in a leading
financial daily titled " SP sees red after raids on
Amar" Ester Industries Ltd has informed BSE that
inadvertently the said article has mentioned the name of
the Company, instead of referring to Ester India
(Chemicals) Ltd which is the company belonging to Mr
Amar Singh. This had caused great confusion in the mind
of the public and concerned persons as no such raid has
been conducted on the
Company. |
