Summit Securities (Delisted) share news and announcements
BSE: 504807Finance
Last traded ₹16.60 on 2 Feb 2010
Delisted.
Last results date
The last board meeting held for results; the company has not yet given notice of the next.Summit Securities quarterly results
The board met on 30 Oct 2009 to consider unaudited financial results
Notice filed 20 Oct 2009
Inter alia, to approve the Unaudited Financial Results for the quarter and half year ended September 30, 2009.
Summit Securities annual reports, presentations and earnings calls
The company's own documents, latest first.Summit Securities financials, year by year
Annual reports2
- Annual report, year to Mar 2007 (opens in a new tab)Filing day not known
- Annual report, year to Mar 2006 (opens in a new tab)Filing day not known
Summit Securities share news and announcements
50 announcements, routine notices left out, newest first.
Jan 2010
22 Jan · Suspension of trading in equity shares
Members of the Exchange are hereby informed that the trading in equity shares of Summit Securities Limited shall be suspended w.e.f. February 03, 2010 (i.e. closing hours of trading on February 02, 2010) on account of Scheme of Arrangement between the Company, Brabourne Enterprises Limited, CHI Investments Limited and Octav Investments Limited with RPG Itochu Finance Limited.19 Jan · Corporate action
February 04, 2010 has been fixed as the Record Date for implementing the Scheme of Arrangement between RPG Itochu Finance Limited and Summit Securities Limited (Summit) and Brabourne Enterprises Limited (Brabourne) and Octav Investments Limited (Octav) and CHI Investments Limited (CHI) and their respective shareholders. As per the Scheme RPG Itochu Finance Limited (RIFL) will issue equity shares to the shareholders of the erstwhile Summit Securities Limited as under, pursuant to the Scheme of Arrangement approved by the Bombay High Court on December 18, 2009: "1 (One) Equity Share of Rs. 10/- each of RIFL shall be issued and allotted for every 16 (Sixteen) Equity Shares of Rs. 10/- each held in Summit". Further, RPG Itochu Finance Limited has submitted to the Exchange a copy of Detailed Note regarding the Scheme of Arrangement. 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). For more details click here.
Dec 2009
31 Dec · Business
Summit Securities Limited had informed the Exchange that Hon'ble High Court of Judicature at Bombay has approved the Scheme of Arrangement between Summit Securities Limited and Brabourne Enterprises Limited and Octav Investments Limited and CHI Investments Limited and RPG Itochu Finance Limited and Instant Holdings Limited and KEC Holdings Limited and their Respective Shareholders on December 18, 2009.The Company has now informed the Exchange that "The certified true copy of the Order was filed with the Registrar of Companies, Maharashtra, Mumbai on December 23, 2009 and the Scheme became effective from the said date i.e. December 23, 2009."18 Dec · Business
Hon'ble High Court of Judicature at Bombay has approved the Scheme of Arrangement between Summit Securities Limited and Brabourne Enterprises Limited and Octav Investments Limited and CHI Investments Limited and RPG Itochu Finance Limited and Instant Holdings Limited and KEC Holdings Limited and their Respective Shareholders on December 18, 2009. A certified copy of the order is awaited. The Effective Date of the Scheme will be the date on which the said certified copy of the Order passed by the Hon ble High Court is filed with the Registrar of Companies, Maharashtra, Mumbai.
Nov 2009
3 Nov · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the period ended September 30,2009. 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). For more details click here.
Oct 2009
28 Oct · Outcome of Court Convened Meeting
Pursuant to the directions given by the Hon'ble High Court of Bombay under section 391 of the Companies Act, 1956, a meeting of the Equity Shareholders of the Company was held on October 23, 2009, for the purpose of considering and , if thought fit, approving with or without modifications(s), the arrangement embodied in the Scheme of Arrangement between Summit Securities Limited and Brabourne Enterprises Limited and Octav Investments Limited and CHI Investments Limited and RPG Itochu Finance Limited and Instant Holdings Limited and KEC Holdings Limited and their Respective Shareholders ("Scheme"). we wish to inform that at the said meeting, the equity shareholders have approved the Scheme without any modifications with the requisite majority23 Oct · Meeting
Company has obtained an extension of time from The Ministry of Corporate of Affairs for holding the Annual General Meeting for three months up to December 25, 2009.20 Oct · Board meeting
Inter alia, to approve the Unaudited Financial Results for the quarter and half year ended September 30, 2009.15 Oct · Notice of Meeting
By an Order made on September 18, 2009 in the Summit Securities Limited Company Application, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Summit Securities Limited, the Applicant Company, be convened and held on October 23, 2009 for the purpose of considering and, if thought fit, approving with or without modification(s), the proposed arrangement embodied in the Scheme of Arrangement between Summit Securities Limited and Brabourne Enterprises Limited and Octav Investments Limited and CHI Investment Limited and RPG Itochu Finance Limited and Instant Holdings Limited and KEC Holdings Limited and their Respective Shareholders ("the Scheme"). A copy of the notice of meeting shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jul 2009
15 Jul · Board meeting
Meeting on 24 Jul 2009: “Unaudited Financial Results for the Qtr ended June 30, 2009”13 Jul · Business
Board of Directors of the Company at their meeting held on July 10, 2009 have considered and approved the proposal for amalgamation of the Company into RPG Itochu Finance Limited as per terms and conditions mentioned in the Scheme of Arrangement placed before the Board. The details 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). For more details click here.
Jun 2009
19 Jun · Board meeting
Inter alia to approve the Audited Financial Results for the quarter and year ended March 31, 2009.11 Jun · Management
Vide resolution passed on May 25, 2009, Mr. H. N. Singh Rajpoot was appointed as an Additional Director of the Company with effect from May 25, 2009.11 Jun · Management
Mr. M.G. Ramkrishna has resigned from the Board of the Company with effect from May 25, 2009.
Apr 2009
3 Apr · Results
The Company has chosen the option of submitting Audited Financial Results for the entire year with three months of the end of the financial year i.e. upto June 30, 2009.2 Apr · Management
In the Board Meeting of the Company held on March 30, 2009, there was a change in the directorship of the Company as under: Directors Appointed: (1) Mr. P. A. Krishnamoorthy. (2) Mr. S. Raguraman.(3) Mr. Sachin Raole. Directors Resigned: (1) Mr. R. D. Chandak. (2) Mr. J. M. Kothary. (3) Mr. S.S. Thakur.
Jan 2009
20 Jan · Board meeting
Company had informed the Exchange regarding the Board meeting Scheduled to be held on January 21, 2009 inter alia, to approve the Unaudited Financial Results for the quarter ended December 31, 2008. The Company has now informed the Exchange that due to non finalization of the unaudited quarterly financial results for the quarter ended December 31, 2008, the meeting of the Board of Directors has been postponed to January 30, 2009.12 Jan · Board meeting
Meeting on 21 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”
Oct 2008
10 Oct · Board meeting
Meeting on 20 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”
Sep 2008
26 Sep · Meeting
At the Annual General Meeting held on September 26, 2008 all the business mentioned in the Notice convening the said meeting on September 26, 2008 were transacted and all the resolutions were passed unanimously. A copy of the notice of AGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2008
27 Aug · Meeting
Register of Members and Share Transfer books of the company shall remain closed from September 19, 2008 to September 26, 2008 (both days inclusive) for the purpose of Annual General Meeting to be held on September 26, 2008.
Jul 2008
21 Jul · Board meeting
Inter alia, to consider audited Financial Results for the quarter ended June 30, 2008.
Jun 2008
27 Jun · Allotment of Equity Shares
In terms of special resolution approved by the shareholders of the Company under Section 81(1A) of the Companies Act, 1956 by way of postal ballot, we are pleased to inform you that the Committee of the Board of Directors of the Company in its meeting held on June 27, 2008 have allotted 51,80,000 Equity Shares of the Company at a price of Rs. 31/- per share including premium of Rs. 21 per share, as detailed below: (1) Name: RPG Cellular Investments & Holding Pvt Ltd, Category: Promoter, No. of equity shares issued and allotted: 24,90,000. (2) Name: Yield Investments Private Limited, Category: Promoter, No. of equity shares issued and alloted: 24,90,000. (3) Name: Progressive Star Holdings & Consultants Private Limited, Category: Non Promoter, No. of equity shares issued and alloted: 2,00,000. Total No. of equity shares issued and alloted: 51,80,000.26 Jun · Results
Special resolution under Section 81(1A) of the Companies Act, 1956 for issuing 51,80,000 equity shares of Rs. 10/- each on preferential basis have been approved by the Shareholders through Postal Ballot with requisite majority. A copy of the result of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Jun · Board meeting
Inter-alia to adopt accounts and to consider audited Financial Results for the quarter/year ended March 31, 2008.
May 2008
28 May · Meeting
Board of Directors of the Company in its meeting held on May 22, 2008 has decided to raise funds through issue of 51,80,000 equity shares of Rs.10/- each on preferential basis to promoters and/ or others, which is subject to approval of the shareholders. Further, please note that in terms of Section 81(1A) and Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, Company seeking approval of shareholders for preferential issue by means of postal ballot. The Board of Directors has appointed Mr. P.N. Parikh, of Parikh Parekh & Associates, Practicing Company Secretaries as Scrutinizer for conducting the postal ballot process. The postal ballot form duly completed should reach the scrutinizer on or before June 25, 2008. The Scrutinizer will submit his report to the Chairman or any other Director of the Company after completion of the scrutiny of the Postal Ballot and the results thereof will be announced on June 25, 2008. A copy of the Notice of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.22 May · Business
Vide its letter dated May 22, 2008 that : "The Board in its meeting held today has decided to issue 51,80,000 equity shares of Rs. 10/- each on preferential basis and seek approval of the shareholders by means of postal ballot pursuant to Section 192A read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001 for issuance of equity shares of the Company in terms of Section 81 (1A) of the Companies Act, 1956 and in accordance with the Securities and Exchange Board of India (Disclosure & Investor Protection) Guidelines, 2000 and as amended upto date".
Apr 2008
16 Apr · Results
The Company has decided to avail the option of submitting audited financial results for the financial year ending on 31st March 2008 within three months of end of the financial year, i.e. on or before 30th June 2008.9 Apr · Name Change/Symbol Change
Members of the Exchange are hereby informed that the name of KEC Infrastructures Limited shall be changed to Summit Securities Limited and the trading symbol of the Company be changed from KECINFRA to SUMMIT w.e.f. April 21, 2008.
Mar 2008
28 Mar · Change of name of the Company
Company has received 'Fresh certificate of incorporation consequent upon change of name' from Ministry of Corporate affairs, Registrar of Companies for change in the name of the Company from KEC Infrastructure Limited to 'Summit Securities Limited'. Accordingly, the name of the Company stands changed from KEC Infrastructures Limited to 'Summit Securities Limited.'10 Mar · Results
Special resolutions under i) Section 17 of the Companies Act, 1956 for amending the object clause of the Memorandum of Association of the Company, ii) Section 149(2A) of the Companies Act, 1956 for commencement and carrying on the business as per the proposed amendments to the Memorandum of Association of the Company and iii) Section 21 of the Companies Act, 1956 for change in the name of the Company from 'KEC Infrastructures Limited' to 'Summit Securities Limited' have been approved by the Shareholders through Postal Ballot with requisite majority. Further the change in the name of the Company shall be effective on receipt of "Fresh Certificate of Incorporation consequent on change of name" from Ministry of Corporate Affairs. Further the company has submitted to the exchange a copy of result of the postal ballot and a copy of amendments to the Memorandum of Association of the Company due to change in the object clause of the Company. The copies 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). For more details click here.
Feb 2008
7 Feb · Meeting
In accordance to Section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 the consent of the shareholders is sought by way of Postal Ballot. (1) Special Resolution under Section 17 of the Companies Act, 1956 for amending object clause of the Memorandum of Association of the Company. (2) Special Resolution under Section 149(2A) of the Companies Act, 1956 for commencement and carrying on all or any of the business as per the proposed amendments to the Memorandum of Association of the Company. (3) Special Resolution under Section 21 of the Companies Act, 1956 for the change in the name of the Company. The Board of Directors has appointed Mr. P.N. Parikh, of Parikh Parekh Associates, Practicing Company Secretaries as Scrutinizer for conducting the postal ballot process . The postal ballot form duly completed should reach the scrutinizer on or before March 05, 2008. The Scrutinizer will submit his report to the Chairman or any other Director of the Company after completion of the scrutiny of the Postal Ballot and the results thereof will be announced on March 10, 2008. A copy of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2008
23 Jan · Board meeting
Vide its letter dated January 23, 2008, that: "The Board of Directors of the Company in its meeting held today has decided to amend the object clause of the Company and seek approval of the shareholders by means of postal ballot pursuant to Section 192A read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 for i) amending the object clause of the Memorandum of Association of the Company under Section 17 of the Companies Act, 1956. ii) commencement and carrying on the business as per the proposed amendments to the Memorandum of association of the Company under Section 149(2A) of the Companies Act, 1956 and iii) change in the name of the Company from KEC Infrastructure Limited to 'Summit Securities Limited' under Section 21 of the Companies Act, 1956".11 Jan · Board meeting
Meeting on 23 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”
Oct 2007
22 Oct · Allotment of shares
Board of Directors in its meeting held on October 22, 2007 have allotted 65,72,000 Equity Shares at a price of Rs.26.43/- per share including premium of Rs.16.43 per share to the warrant holders holding 65,72,000 Warrants allotted as on 30th March 2007, on the warrant holders exercising the option available to them to apply/subscribe for one equity share of the face value of Rs.10 each of the Company at a price of Rs.26.43/- per share, for every one warrant held by them. The details 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). For more details click here.12 Oct · Board meeting
Meeting on 22 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”
Aug 2007
3 Aug · Meeting
All the resolutions proposed at the 61st Annual General Meeting of the Company held on 2nd August 2007 have been approved by the shareholders
Jul 2007
16 Jul · Board meeting
Meeting on 27 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”5 Jul · Meeting
The Register of Members and Share Transfer books of this company shall remain closed from Thursday, the 26th July 2007 to Thursday, the 2nd August 2007 (both days inclusive) for the purpose of Annual General Meeting to be held on Thursday, the 2nd August 2007
Apr 2007
30 Apr · Board meeting
Inter-alia (1) To consider and adopt the Audited Financial Results for the quarter ended March 31, 2007 and Annual Accounts for the year ended March 31, 2007.24 Apr · Results
Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.10 Apr · Postponement of Board Meeting
Due to unavoidable circumstances, the Meeting of the Board of Directors that was scheduled to be held on 11th April 2007 to consider quarterly/yearly financial results and adoption of annual accounts of the company has been postponed4 Apr · Board meeting
Inter-alia (1) To consider and approve the Financial Results for the quarter/year ended March 31, 2007. (2) To adopt the Annual Accounts for the year ended March 31, 2007.2 Apr · Business
The Committee of Directors of the Company in its meeting held on 30th March 2007 have allotted 43,00,000 Equity Shares at a price of Rs.26.43/- per share including premium of Rs.16.43 per share and 65,72,000 Warrants with an option to the warrant holder(s) to apply/subscribe for one equity share of the face value of Rs.10 each of the Company at a price of Rs.26.43/- per share, for every one warrant held by them, as detailed below: (1) RPG Cellular Investments & Holdings Private Limited, Promoter, No. of shares allotted - 35,68,000; No. of Warrants allotted - Nil. (2) Jubilee Investments & Industries Limited, Promoter, No. of shares allotted - Nil; No. of Warrants allotted - 40,00,000. (3) Yield Investments Private Limited, Promoter, No. of shares allotted - Nil; No. of Warrants allotted - 10,00,000. (4) Stewart Investment & Financial Consultants Private Limited, Other (Non-Promoter), No. of shares allotted - 7,32,000; No. of Warrants allotted - Nil. (5) Progressive Star Holdings & Consultants Private Limited, Other (Non-Promoter), No. of shares allotted - Nil; No. of Warrants allotted - 15,72,000. Total No. of shares allotted: 43,00,000; Total No. of warrants allotted: 65,72,000
Mar 2007
29 Mar · Results
"The following resolutions have been approved by the Shareholders through Postal Ballot with requisite majority: 1) Special Resolution under Section 81(1A) of the Companies Act, 1956 for Preferential Issue of Shares and/or Warrants; and 2) Special Resolution under Section 372A of the Companies Act, 1956 for giving Corporate Guarantee". Further, a copy of the Result of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.2 Mar · Meeting
Pursuant to Section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (including any statutory modification or re-enactment thereof for the time being in force), the following resolutions are sought to be passed by the Members through Postal Ballot: (1) Special Resolution Under Section 81(1A) of the Companies Act, 1956 for issue and allotment of shares and/or warrants on preferential basis to the promoters and/or other persons. (2) Special Resolution Under Section 372A of the Companies Act, 1956 for issuance of Corporate Guarantee to Consortium Bankers. The Board of Directors of the Company at its meeting held on February 23, 2007 has appointed Mr. P.N. Parikh, Practicing Company Secretary as the Scrutinizer to receive and scrutinize the completed Ballot Papers from the Members. The postal ballot form duly completed should reach the Company not later than the close of working hours on March 28, 2007. The Result of the voting on the resolution will be declared on March 28, 2007. A copy of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2007
26 Feb · Meeting
The Board of Directors of the Company in its meeting held on 23rd February, 2007 decided to seek the consent of the shareholders by means of Postal Ballot pursuant to Section 192A of the Companies Act, 1956 ("the Act"), read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 for the following items: (1) For issue and allotment of Shares and/or Warrants on preferential basis to the Promoters and/or other persons in terms of Section 81(1A) of the Act. (2) For issuance of Corporate Guarantee in terms of Section 372A of the Act9 Feb · Miscellaneous
Company has sold its immovable property situated at Kurla, Mumbai for a consideration of Rs.91,22,22,000/- (Rupees Ninety One Crores Twenty Two Lacs and Twenty Two thousands only) to Neptune Realtors Private Limited vide Deed of Conveyance dated 8th February 2007.
Jan 2007
23 Jan · Board meeting
Inter-alia, to consider and approve the Financial Results for the quarter ended on 31st December, 2006.
How the price met the news
The first session after each announcement, beside the market.
That dayThe first session's move. The first session's close after the announcement against the close before it, as a per cent change, on prices adjusted for splits and bonuses.Against the Nifty 500Against the Nifty 500. The share's move less the Nifty 500's move the same session, in percentage points (pts).Market median on that newsThe market's median move on that news. The middle first-session move of every listed company that filed the same kind of announcement, half moving more and half less.Five sessionsFive sessions' move. The close five sessions after the announcement against the close before it, as a per cent change.Five sessions against the Nifty 500Five sessions against the Nifty 500. The share's five-session move less the Nifty 500's move over the same five sessions, in percentage points (pts).Volume, times usualVolume, times usual. The session's shares traded divided by the average of the twenty sessions before it.
- 12 Jun 2009Board or managers changeddown 0.93%+0.3 pts vs Nifty 500market median 0.0% · five sessions −7.0% (+1.1 pts vs Nifty 500) · volume 1.2× usual