Smiths and Founders (India)
Limited
( Formerly known as Shimoga Technologies Limited )
Events
The Company has been granted 3 months extension for holding its Annual General Meeting for financial year ended 31st March, 2014, by the Registrar of Companies, Karnataka.
The Company has fixed Friday, 28th March,2014 as the Record Date for the purpose of a) issue of New Shares consequent to reduction in the capital of the Company and b) to issue shares to the shareholders of Smiths & Founders (India) Limited consequent to merger of Smiths & Founders (India) Limited with Shimoga Technologies Limited, as per the Scheme of Rehabilitation sanctioned by the Hon.BIFR.
The Board in their meeting held on 9th March,2011 approved the Draft Rehabilitation Scheme and Share Exchange Ratio of 5:2 ( 5 Equity Shares of Re.1/- face value of the Company for every 2 Equity Shares of Re.1/- Fully paid up held in Bhagavathi Enterprises Limited ) to the shareholders of Bhagavathi Enterprises Limited subject to their approval.
The Board in their meeting held on 28th August 2010 approved increase in the Authorised Capital from Rs.4.32 Crores to Rs.10.00 Crores.
The Board in their meeting held on 28th August 2010 approved the amalgamation of Bhagavathi Enterprises Limited with the Company, subject to necessary approvals.
The Board in their meeting held on 9th August 2010 decided to make a proposal to explore the possibility of merging Bhagavathi Enterprises Limited with the Company.
The Board in their meeting held on 10th June, 2010 decided to sell the forging business on lock, stock and barrel basis in the event a prospective investor puts it as a pre-condition for investment.
The Board in their meeting held on 10 June 2010 decided to reduce the Paid Up Capital from Rs. 4.32 Crores to Rs. 43.20 Lakhs, subject to necessary approvals.
STL Events