Aftek (Delisted) share news and announcements
BSE: 530707
Formerly Aftek Infosys
Last traded ₹1.90 on 30 Nov 2015
Delisted on 4 Jul 2018.
Aftek share news and announcements
359 announcements, routine notices left out, newest first. Page 7 of 8.
Mar 2009
3 Mar · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31, 2008.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.
Feb 2009
2 Feb · Audit Qualifications
Vide notes to Accounts in the Un-Audited Financial Results for the quarter ended December 31, 2008 (taken on record by the Board of the Directors of the Company at its Meeting held on January 30, 2009) regarding the auditors qualification. 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.
Jan 2009
21 Jan · Board meeting
Meeting on 30 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”
Nov 2008
3 Nov · Audit Qualifications
Vide notes to Accounts in the unaudited financial results for the Second quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 31, 2008) that: "(i) The auditors had qualified their report on financial statements for the year ended March 31, 2008, in respect of non provision of old outstanding loans and advances of Rs 1,381.39 Lacs, and non provision in respect of investment of Rs 10,020.92 Lacs in Arexara Information Technologies Gmbh (Arexara Gmbh) and outstanding loan receivable of Rs.2,928.53 Lacs from Arexara Gmbh. In respect of receivables, the management is taking appropriate steps for recovery of these dues and with regards to investments, management believes that there is no permanent diminution in value of investment. Consequently, no provision is considered necessary at this stage. (ii) The auditors had qualified their report on financial statements for the year ended March 31, 2008 for non compliance with the provisions of section 297 and 295 of the Companies Act, 1956 (the Act). Subsequent to year end, the Company has obtained a legal opinion and has been advised that the provisions of section 297 and 295 of the Act, are not applicable to the transactions. (iii) The auditors had qualified the limited review report on the unaudited financial results for the quarter ended June 30, 2008 in respect of short provision for doubtful debts of Rs 460.10 Lacs and income tax expenses of Rs.125 Lacs and non capitalisation of interest of Rs.310.76 Lacs. All these amounts have now been appropriately accounted/ adjusted".
Oct 2008
31 Oct · Meeting
At the Annual General Meeting ("AGM") Of the Company held on October 31, 2008, the shareholders have passed the following resolutions: (1) Adoptions of annual accounts for the year ended March 31, 2008.(2) Declaration of dividend @ Re.0.50/-(Fifty paise only) per share on the equity shares of the Company for the year ended March 31, 2008. (3) Re-appointment of Mr Nitin Shukla as Director of the Company. (4) Re-appointment of Mr Sunil Desai as Director of the Company. (5) Re-appointment of Dr S S S P Rao as Director of the Company. (6) Re-appointment of M/s Walker, Chandiok & Co as Auditors from the conclusion of the said AGM, until the conclusion of the next Annual General Meeting. (7) Enabling special Resolutions under Section 81 of the Companies Act, 1956, for raising of resources in international /domestic markets upto USD 25 million through issue of securities including warrants.23 Oct · Board meeting
Meeting on 31 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”23 Oct · Allotment of shares
Vide its letter dated October 23, 2008 that "We have today allotted 3230 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 18,70,55,118/- to Rs. 18,70,61,578/-".1 Oct · Raising of Resources / Others
At a meeting of the Board of Directors of the Company held on September 30, 2008 the Board decided to explore the feasibility of business restructuring including de-merger of potential real estate / infrastructure business. It was also decided to seek shareholders' approval at the ensuing Annual General Meeting, to the enabling special resolution under Section 81 of the Companies Act, 1956 for raising of resources in international / domestic markets upto USD 25 million through issue of securities including warrants.1 Oct · Meeting
At a meeting of the Board of Directors held on September 30, 2008 the Board recommended a dividend @ 25% (Twenty five percent) per Equity Shares of Rs.2/- each for declaration by the Shareholders at the ensuing Annual General Meeting of the Company which has been scheduled to be held on October 31, 2008. Further the Company has fixed Book Closure from October 27, 2008 to October 31, 2008 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend for the year ended March 31, 2008, if declared at the AGM to be held on October 31, 2008. Further Company has informed that at a meeting of the Board of Directors of the Company held on September 30, 2008 the Board approved Annual Accounts of the Company for the year ended March 31, 2008. 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.
Sep 2008
23 Sep · Board meeting
Inter alia: 1. To consider Annual Accounts of the Company for the year ended March 31, 2008. 2. To recommend dividend on equity shares for the year ended March 31, 2008. 3. To consider feasibility of business restructuring including de-merger of potential real estate / infrastructure business. 4. To consider raising of resources through issue of securities / warrants in the international / domestic markets upto US$ 25 millions. 5. To convene Annual General Meeting of the members of the Company.9 Sep · Allotment of Equity Shares
Vide its letter dated September 09, 2008 that "We have today allotted 30980 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 186993158/- to Rs. 187055118/-".2 Sep · Extension
The Government of India, Ministry of Corporate Affairs, Office of the Registrar of Companies, Maharahstra, vide letter dated 28/08/2008 has granted extension of one month i.e. upto 31st October 2008 for holding the Annual General Meeting (AGM) of the Company for the accounting year ended 31st March 2008 and as such the said meeting will be held accordingly
Jul 2008
30 Jul · Allotment of Equity Shares
Vide its letter dated July 30, 2008 that "We have today allotted 11067 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 186971024/- to Rs. 186993158/-".22 Jul · Board meeting
Meeting on 30 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”
Apr 2008
29 Apr · Business
Press release dated April 29, 2008, titled "Aftek Ltd. Q4 results Net Profit up by 48.21%". A copy of the press release 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.21 Apr · Board meeting
Meeting on 29 Apr 2008: “Unaudited Financial Results for the qtr ended March 31, 2008”
Mar 2008
11 Mar · Limited Review Report
Auditor's have conducted the limited review of the Un-Audited Financial Results for the third quarter ended December 31, 2007. 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.
Feb 2008
20 Feb · Allotment of Equity Shares
Vide its letter dated February 20, 2008 that "We have today allotted 4533 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 186961958/- to Rs. 186971024/-".
Jan 2008
31 Jan · Business
Press release dated January 31, 2008, titled "Aftek continues steady revenue growth; Q3 results Net Profit up by 91.37%". A copy of the press release 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 Jan · Board meeting
Meeting on 31 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”
Dec 2007
28 Dec · Meeting
At the annual general meeting of the Company held on December 28, 2007 , the shareholders have inter alia passed resolutions for the following. (1) Adoption of Annual Accounts for the year ended 31st March 2007. (2) Declaration of Dividend @ Re 01/- ( Rupee One only) per equity share for the year ended 31st March 2007 (3) Appointment of M/s Walker, Chandlok & Co. as Auditors for the year 2007-2008 in place of the retiring Auditors, M/s V D Joshi & Co. (4) Appointment of Mr. Mahesh Vaidya, Additional Director, as Executive Director for a period of 5 years w.e.f. 30th April 2007. (5) Appointment of Mr Sandip Save who was appointed as Additional Director w.e.f. 27th November 2007, as a Director of the Company. Further, Mr Shrikant Inamdar ceased to be a Director of the Company w.e.f. 28th December 2007 on his retirement by rotation without seeking re-appointment.20 Dec · Allotment of Equity Shares
Vide its letter dated December 20, 2007 that "We have today allotted 8929 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 186944100/- to Rs. 186961958/-".11 Dec · Legal
News item "Aftek to get Rs 800 cr from Seekport Sale", which appeared in the newspaper on December 11, 2007. The Company clarified that: "We have denied having given the said news item to the newspaper and mentioned that there are no definite plans to divest our stake in Seekport as stated in the said news item".5 Dec · Limited Review Report
Auditor's have conducted the limited review of the Un-Audited Financial Results for the quarter ended September 30, 2007 and found the same to be in order subject to certain observations. The auditor's observation are: The scope of auditors review is limited to the financial results for the quarter ended on 30th Sept, 2007 only and does not extend to any other columns or notes contained in the accompanying statement. It is observed that:-a) Purchase of traded goods is overstated by Rs. 21.49 lacs and Other Expenditures is understated by Rs. 20.13 lacs. b) Provision for taxation is made on ad-hoc basis.
Nov 2007
27 Nov · Meeting
They have fixed Book Closure from December 22, 2007 to December 28, 2007 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend for the year ended March 31, 2007, if declared at the AGM to be held on December 28, 2007.27 Nov · Allotment of Equity Shares
Vide its letter dated November 27, 2007 that "We have today allotted 11026 numbers of equity shares of Rs.02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 186922048/- to Rs.186944100/-".27 Nov · Miscellaneous
At a meeting of the Board of Directors of the Company held on November 27, 2007, the Board approved Annual Accounts of the Company for the year ended March 31, 2007. 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.27 Nov · Meeting
Board, at its meeting held on November 27, 2007 recommended a dividend @ Re 01/- (Rupee One only) per Equity Share of Rs 2/- each for declaration by the Shareholders at the ensuing Annual General Meeting of the Company which has been scheduled to be held on December 28, 2007.19 Nov · Board meeting
Inter alia for: (1) consideration of Annual Accounts of the Company for the year ended March 31, 2007. (2) recommendation of dividend on equity shares for the year ended March 31, 2007, and (3) convening Annual General Meeting of the Members of the Company.1 Nov · Business
Press release dated October 31, 2007, titled "Aftek continues healthy revenue growth". A copy of the press release 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 2007
22 Oct · Allotment of shares
Vide its letter dated October 22, 2007, that: "We have today allotted 8886 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employees Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs.174604276/- to Rs.174622048/-".18 Oct · Board meeting
Meeting on 31 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”
Sep 2007
17 Sep · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are: The scope of auditors review is limited to the financial results for the quarter ended on June 30, 2007 only and does not extend to any other columns or notes contained in the accompanying statement. It is observed that :- 1) Salaries & Wages includes remuneration to directors. 2) Provision for taxation is made on ad-hoc basis. 3) Unrealised Foreign Exchange Difference of Rs. 177831384/- has not been changed to Profit & Loss A/c. and thus the net profit for the period is overstated to that extent.13 Sep · Miscellaneous
Vide its letter dated September 12, 2007 that "Seekport AG, a Swiss entity in which our Munich based wholly-owned subsidiary, Arexera Information Technologies GmbH (Arexera) hold 24.75% stake, has been listed on Frankfurt Stock Exchange today. Based on the Bid Price of 4.75 Euro per share, the total valuation of the company works out to Euro 475 millions and the same is expected to settle down during a few trading sessions. It may also be noted that Arexera had acquired the aforesaid stake in Seekport AG by transfer of technology only".11 Sep · Business
The Bombay High Court has sanctioned the Scheme of Amalgamation of C2Silicon Software Solution Private Limited and Elven Micro Circuits Private Limited with Aftek Limited and their respective Shareholders ('the Scheme') on 10th day of August, 2007 subject to the sanction of the Karnataka High Court. The Karnataka High Court has sanctioned the Scheme on 7th day of September, 2007. The Scheme will become effective upon the filing of the certified copies of the respective High Court Orders with the Registrar of Companies, Mumbai and Registrar of Companies, Karnataka. The Appointed date of the Scheme is April 1, 2006. Kindly also note that the effect of the Scheme would be considered in the Annual Accounts of the Company for the year ended 31st March 2007. As such, the next Annual General Meeting of the Company inter alia for adoption of Accounts would be scheduled within the period of three months' extension ending 31st December 2007 granted by the Registrar of Companies, Maharashtra
Aug 2007
30 Aug · Allotment of shares
August 30, 2007 that "We have today allotted 4017 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs.17,45,96,242/- to Rs. 17,46,04,276/-".2 Aug · Allotment of shares
August 02, 2007 that "We have today allotted 7009 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs.17,45,82,224/- to Rs. 17,45,96,242/-".1 Aug · Business
Press Release dated July 30, 2007 titled as "AFTEK continues healthy revenue growth Year-to-year Net Sales up by 13.93 %; Year-to-Year Export Sales Turnover (in USD) up by 27.19 %". A copy of the Press Release 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 2007
20 Jul · Board meeting
Meeting on 30 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”13 Jul · E-mail ID for Investor Complaints
We have designated an email ID "[email protected]". The said e-mail ID and other relevant details for redressal of investor grievances have been displayed on our website "www.aftek.com6 Jul · Miscellaneous
News item electronically published by Design & Reuse in California, USA, regarding selection of the Company's group company, Elven Micro Circuits Pvt Ltd as "Authorized Design Center Partner" by Tensilica Inc., USA for their customers using Xtensa configurable processors, Diamond Standard Processors and the Xtensa HiFi 2 Audio Engine in their SOC (system on chip) designs. 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.4 Jul · Allotment of shares
July 04, 2007 that "We have today allotted 8740 numbers of equity shares of Rs.02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs.17,45,64,744/- to Rs. 17,45,82,224/-".
Jun 2007
7 Jun · Limited Review Report
Auditor's have conducted the limited review for the un-audited financial results for the quarter ended March 31, 2007 and found the same to be in order subject to certain observations. The auditor's observations are: The scope of the auditors review is limited to the financial results for the quarter ended on March 31, 2007 only and does not extend to any other columns or notes contained in the accompanying statement. It is observed that: (a) Salaries & Wages includes remuneration to directors.(b) Provision for taxation is made on the ad-hoc basis.(c) Foreign Exchange Difference of Rs.812.49 lacs has not been reduced from Net Profit and thus the Net Profit has been overstated to that extent.(d) The format given in the clause 41 has not been adhered to, to the extent that Foreign Exchange Difference has been shown below the line, after the Net Profit.(e) Other Expenditure includes Rs. 199.16 Lacs of Income tax paid for earlier years for which the company has not accepted the liability and preferred an appeal for.(f) Net Profit taken for the purpose of calculation of Basic and Diluted EPS, is before deducting Foreign Exchange Difference of Rs.812.49 lacs and hence Basic and Diluted EPS has been overstated to that extent.6 Jun · Outcome of Court Convened Meeting
In accordance with the directions of the Hon'ble High Court of Bombay in Company Application No. 518 of 2007, meeting of equity shareholders of the Company to approve the Scheme of Amalgamation of C2Silicon Software Solutions Private Limited ('C2Silicon') and Elven Micro Circuits Private Limited ('EMPL') with Aftek Limited ('Aftek' or 'the Company') and their respective shareholders ('the Scheme'), was convened and held on June 05, 2007. The company has further informed the Exchange that at the meeting, the equity shareholders have approved the Scheme with requisite majority.
May 2007
29 May · Allotment of shares
"we have today (i.e.May 29, 2007) allotted 17,123 numbers of equity shares of Rs.02/- each to employees and including 14872 shares to Mr. Mahesh Vaidya, Director of the Company, on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs.17,45,30,498/- to Rs. 17,45,64,744/-". For more details click here.14 May · Notice of Meeting of Share Holders
Notice of the meeting of the shareholders convened by the Hon'ble High Court, on June 5, 2007 for the purpose of considering and approving the Scheme of Amalgamation of C2Silicon Software Solutions Pvt Ltd and Elven Micro Circuits Pvt Ltd with the Company. A copy of the notice 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.
Apr 2007
30 Apr · Business
Press release, dated April 30, 2007, titled "Aftek Q4 Net Profit up 18.38% - Annual Net Profit up by 27.12%." A copy of the press release 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.30 Apr · Management
April 30, 2007 that "At the Meeting of the Board of Directors of the Company ("Board") held today, the Board accepted resignation of Mr.Promod Broota as Director and also as a Whole-time Director with effect from 20th April 2007 Mr. Broota continues to act as Sr Vice President-Planning of the Company. Further, the Board co-opted Mr. Mahesh Vaidya, the CTO of the Company, as Director and appointed him as a Whole-time Director with effect from 30th April 2007 for a period of five years".19 Apr · Board meeting
Meeting on 30 Apr 2007: “Unaudited Financial Results for the Qtr ended March 31, 2007”
Mar 2007
30 Mar · Allotment of shares
We have today (March 30, 2007) allotted 8001 numbers of equity shares of Rs 02/- each to employees on exercise of stock options granted under the Aftek Employee Stock Option Scheme 2004. After the said conversion, the paid up share capital of the Company stands increased from Rs. 174514496/- to Rs. 174530498/-