Asian Electronics (Delisted) share news and announcements

BSE: 503940

Last traded ₹1.78 on 16 Mar 2015

Delisted on 4 Jul 2018.

Asian Electronics share news and announcements

358 announcements, routine notices left out, newest first. Page 6 of 8.

  1. Jan 2010

  2. Dec 2009

    • 16 Dec · Disclosure

      Disclosure under SEBI (Substantial Acquisition of shares and Takeover) Regulations, 1997 as amended to date. 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.

    • 14 Dec · Disclosure

      Disclosure under SEBI (Substantial Acquisition of shares and Takeover) Regulations , 1997 as amended to date. 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.

    • 11 Dec · Disclosure

      Disclosure under SEBI (Substantial Acquisition of shares and Takeover) Regulations , 1997 as amended to date. 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.

    • 10 Dec · Disclosure

      Disclosure under SEBI (Substantial Acquisition of shares and Takeover) Regulations , 1997 as amended to date. 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.

    • 9 Dec · Disclosure

      Shah Investments, Financials, Developments & Consultants Pvt. Ltd., one of our Shareholders who is holding 26.53% of Equity Share Capital of the Company have sold 2,00,000 Shares (0.67%) through Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd. in the open market on December 08, 2009. This disclosure is under Clause 7(1) and other applicable clauses of the Takeover Regulations. It may please be noted that the above Shares sold do not constitute 2% or more of the total Equity Share Capital of the Company.

    • 8 Dec · Updates

      With reference to the earlier annoucement dated December 01, 2009 regarding the outcome of the Board Meeting held on December 01, 2009 regarding approval of the Rights Issue as well as allotment of Shares to an investor M/s. Ritika Gems Pvt. Ltd. pursuant to exercise of option to convert the Share Warrants into Equity Shares. The Company has now informed the Exchange that there was a typographical error in mentioning the number of Shares to be issued as Rights Shares. The correct figure is "1,53,59,139" and not "1,49,42,472".

    • 1 Dec · Corporate action

      Board of Directors of the Company at its Meeting held on December 01, 2009 has discussed and approved the following: 1) Approval for Rights issue of 1,49,42,472 Equity Share of Rs.5/- each in the Equity Share Capital of the Company to be issued to the existing Shareholders in the proportion of 1 Equity Share of Rs.5/- each for every existing 2 Equity Shares of Rs.5/- each at the issue price of Rs.20/- per Equity Share on the terms and conditions as contained in the Draft Letter of Offer which was also approved by the Board. The said Draft Letter of Offer is subject to approval of SEBI and Stock Exchanges. 2) Approval for allotment of 8,33,333 Equity Shares of Rs.5/- each to M/s. Ritika Gems Pvt. Ltd. an Investor, pursuant to exercise of option to convert the Share Warrants into Equity Shares of Rs.5/- each at a price of Rs.40/- per Share (including premium of Rs.35/- per Share on preferential basis).

    • 1 Dec · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter 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.

  3. Nov 2009

    • 26 Nov · Board meeting

      To consider and approve the following : (1) To note the Limited Review Report of the Statutory Auditors of the Company for the second quarter ended September 30, 2009. (2) To consider and approve draft Letter of Offer of the proposed Rights Issue of Equity Shares of the Company. (3) To consider and approve proposal of floating 100% subsidiary of the Company for the purpose of marketing of LED products.

  4. Oct 2009

    • 23 Oct · Board meeting

      To consider and take on record the Unaudited Financial Results for the second quarter/half year ended September 30, 2009.

    • 7 Oct · Meeting

      Minutes of the Annual General Meeting of the Members of the Company held on 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.

    • 5 Oct · Management

      Outcome of Board Meeting held on October 03, 2009. 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.

  5. Sep 2009

    • 30 Sep · Updates

      Asian Electronics Ltd had informed the Exchange regarding the change in the Management of the Company with effect from 5th November, 2008, subject to approval of the shareholders and subsequently about the outcome of the Extraordinary General Meeting regarding change in the Management of the Company. The Company has now informed the Exchange that "Accordingly, the change in control from the Management Team headed by Mr.Suresh H. Shah, Chairman & Managing Director to the new Management Team headed by Mr.Arun B. Shah has been approved. Now we have been informed by the Promoter/s and Promoter Group Companies that they would like to cease to be Promoter/s and Promoter Group companies with immediate effect. The Company has decided to accept the request received from the Promoter/s and Promoter Group Companies and accordingly, they cease to be Promoter/s and Promoter Group Companies with effect from 26th September, 2009. Henceforth, the Company will not have Promoter/s and Promoter Group Companies".

    • 3 Sep · Limited Review Report

      Auditors have conducted the limited review for the un-audited financial results for the quarter ended June 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.

  6. Aug 2009

    • 31 Aug · Management

      Board of Asian Electronic Ltd. (the Company) met on August 29, 2009 and discussed and approved the following: 1) Appointment of Mr. D.G. Prasad as Additional Director to hold the office till the forthcoming Annual General Meeting of the Company. Mr.D.G.Prasad is a Chartered Accountant and an earstwhile Chief General Manager of Exim Bank. He shall be an independent Director of the Company. 2) The Audit Committee has been re-constituted with effect from August 30, 2009 and will consist of the following Directors as Members; a) Mr. Haresh G. Desai b) Mr. Suhas R. Tuljapurkar c) Mr. D.G. Prasad. Mr. Arun B. Shah has ceased to be a Member of the Audit Committee with effect from August 30, 2009. Mr. Haresh G. Desai will continue to be the Chairman of the Audit Committee. 3) The Board of Directors has recommended to the Shareholders to pass Resolution for appointment of Mr.Arun B. Shah as Executive Chairman of the Company with effect from April 23, 2009 on certain terms and conditions including remuneration etc.

    • 31 Aug · Meeting

      Company has announced Book Closure from September 24, 2009 to September 30, 2009 (both days inclusive) for the purpose of Annual General Meeting to be held on September 30, 2009.

    • 21 Aug · Allotment

      The Board has allotted 31,45,000 Equity Share Warrants to M/s Ritika Gems Pvt. Ltd. vide Circular Resolution No. 1/2009-2010 dated 13th August, 2009

  7. Jul 2009

    • 30 Jul · Business

      The Company has executed certain agreements with the LED Company Intl. LLC. 3801 Kennett Pike, Suite D204 Wilmington, DE 19807 under which the Company proposes to enter into a Joint Venture with 50% equity holding whereunder the proposed JV Company is expected to develop and build the business of supply and sale of light emitting diodes technology lighting bulbs and fixtures for global markets. The Company is expected to provide dedicated manufacturing facility, infrastructure and manpower, so that all the products required by the proposed JV Company shall be supplied by Asian Electronics Ltd. The Company proposed to invest in the equity capital of Rs.25 lacs (approx.) for 50% Shares. The Board of Directors at its meeting held on 30th July, 2009 took note of the aforesaid proposed investment and Joint Venture arrangement

    • 21 Jul · Board meeting

      Meeting on 30 Jul 2009: “Unaudited Financial Results for the Qtr ended June 30, 2009”

    • 13 Jul · Meeting

      Minutes of the Extraordinary General Meeting of the Members of the Company held on July 06, 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.

  8. Jun 2009

    • 30 Jun · Board meeting

      Board, at its meeting held on June 30, 2009 has not recommended any dividend on Equity Shares for the year under review.

    • 24 Jun · Board meeting

      Company had informed the Exchange regarding a Board Meeting proposed to be held on June 27, 2009 to consider, adopt and take on record, the audited Annual Accounts of the Company for the Financial Year ended March 31, 2009 and to recommend Dividend on Equity Shares, if any. The company has now informed the Exchange that due to unavoidable circumstances, it has been decided to postpone the said Meeting to June 30, 2009.

    • 24 Jun · Meeting

      Notice of an Extra-Ordinary General Meeting of the members of the Company to be held on July 06, 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.

    • 22 Jun · Board meeting

      To consider the following business: 1) To consider, adopt and take on record the audited Annual Accounts of the Company for the Financial Year ended March 31, 2009. 2) To recommend Dividend on Equity Shares, if any.

    • 10 Jun · Board meeting

      Outcome of Board Meeting held on June 10, 2009. Further the Board of Directors has decided to call an Extraordinary General Meeting of the Shareholders of the Company on July 06, 2009 and approved the Notice convening the said Extraordinary General Meeting.The details of the Outcome of Board 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.

    • 3 Jun · Board meeting

      To consider and approve the following: 1) To consider the Company's fund raising programme by way of issue of Equity Shares / Preference Shares / Convertible / Non-convertible Debentures or instrument / Warrants / GDRs / FCCBs or any other instrument convertible into Equity Shares or not or to issue Equity Shares / Convertible Instruments or any other securities through a Qualified Institutions Placements to Qualified Institutional Buyers, pursuant to Chapter XIIIA of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000. 2) To call an Extraordinary and/or General Meeting of the Shareholders of the Company to approve the fund raising programme. 3) To consider any other related issues pertaining to the above proposal.

  9. May 2009

    • 28 May · Management

      One of our bankers, namely IDBI Bank Ltd.(IDBI) vide their letter No.SS-ICG.53/699/Nom.8 dated May 19, 2009 have appointed Shri Dipankar De, Deputy General Manager, MCG, IDBI Bank Ltd., Mumbai as its Nominee Director on the Board of Directors of the Company with effect from May 26, 2009

    • 15 May · Rights/Others

      In its Board meeting held on May 14, 2009, the Board took following material decisions that would trigger a series of actions leading enlarged operations through strategic tie up and also raising of capital for such enlarged operations. (1). By virtue of a set of arrangements decided and the proposed agreements including a joint venture in India, the Company will have access to a modern technology development outfit and a large set up owned by Innovolt Inc of the USA.Innovolt Inc., a Georgia Advanced Technology Development Company founded in 2005, in the business of next generation power protection products for residential, commercial, industrial, consumer, electronics, OEM; and utility customers. Based in Atlanta GA, Innovolt has global delivery capability. Innovolt power protection products are microprocessor-based, enabling Diagnostics, Asset Optimization, and Energy Conservation. The arrangement decided by Innovolt and the Company, will include exclusivity of certain operationsand optional acquisition in course of time. This arrangement will help the Company to access high end technology and entry in the field of LED as well as energy saving products which is expected to have bright future in the lighting industry. (2) Subject to the necessary approvals that may be required under the applicable laws, the Board has decided to raise long term resources by issuing further equity shares on a right basis in the ratio of 1 right for every 2 shares held at a price of Rupees 20 per share. The funds so raised are proposed to be used for Capex and enhanced working capital needs. The details of the outcome of Board 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.

    • 5 May · Disclosure

      Details of acquisition to Stock Exchanges by target Company in terms of Regulation 7(3). 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.

  10. Apr 2009

    • 23 Apr · Board meeting

      The Board of Asian Electronics Limited ["Company"] met on April 23, 2009 and discussed and approved the following: (1) The term of Mr. Jinendra Shah, Executive Director is expiring on May 03, 2009.Due to personal reasons and other pre-occupations, Mr. Jinendra Shah is not seeking re-appointment as Executive Director on conclusion of his present tenure and he would cease to be a Director of the Company also after that date. This was accepted by the Board.(2) Appointment of Mr. Arun Shah, who is presently Non-Executive Chairman as Executive Chairman w.e.f. April 23, 2009.

    • 8 Apr · Results

      We are required to file with you and publish Unaudited Financial Results for the quarter ended 31st March, 2009 on or before 30th April, 2009. In this connection, we give you an intimation that we propose to file with you and publish Audited Results for the year ended 31st March, 2009 on or before 30th June, 2009 i.e. within three months of the close of the Accounting year.

  11. Mar 2009

    • 2 Mar · Meeting

      Proceedings of Extraordinary General Meeting of the Members of the Company held on February 12, 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.

  12. Feb 2009

    • 13 Feb · Results

      Minutes of the Announcement of Results of the Postal Ballot held on February 12, 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.

    • 12 Feb · Management

      Vide its letter dated February 12, 2009 that: "With the approval of Shareholders by Postal Ballot results of which were declared today, as also approved at the Extraordinary General Meeting held today, there is a change in Management Control from Mr.Suresh H Shah to new Management team headed by Mr. Arun Shah, Chairman, as also the new Management team of the Company led by Mr. Arun B. Shah, Non- Executive Chairman and Director has taken control of the Company. This has become effective from today."

    • 12 Feb · Meeting

      Vide its letter dated February 12, 2009 that "The Shareholders at the Extraordinary General Meeting held on today (12.2.2009) have approved the following Special Resolutions unanimously: (1) Approval for change of management control of the Company. (2) Approval for appointment of new management team of Asian Electronics Ltd. led by Mr. Arun B. Shah, Non-Executive Chairman & Director (3) Approval for Draft of Asian Electronics Limited - Employees Stock Option Scheme -2009 ('AEL ESOS 2009). (4) Approval under Regulation 6.3 (a) of SEBI (ESOS & ESPS) Guidelines, 1999 for issue of Equity Share Options to the eligible employees of the HOLDING company. (5) Approval under Regulation 6.3 (a) of SEBI (ESOS & ESPS) Guidelines, 1999 for issue of Equity Share Options to the eligible employees of the SUBSIDIARY company. (6) Approval for draft of Asian Electronics Limited - Chairman Stock Option Scheme 2009 ('AEL CSOS 2009') (7) Approval under Regulation 6.3 (b) of SEBI (ESOS & ESPS) Guidelines, 1999 for issue of Equity Share Options to the Chairman of the Company Mr. Arun B. Shah."

    • 12 Feb · Meeting

      In respect of Postal Ballot conducted by the Company from January 09, 2009 to February 09, 2009, Scrutinizer, Mr. G.S. Jambekar, Practicing Company Secretary gave his report dated February 11, 2009. Based on the said report, the Chairman has declared the result. The details of the outcome 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.

    • 6 Feb · Disclosure

      Initial Disclosure under Regulation 8A(4) of the SEBI (SAST) (Amendment) Regulations, 2009 regarding equity shares of the Company held by the promoters or Promoters group and which are pledged. The above information is received from Mrs. Usha S. Shah under Regulation 8A(1) of the SEBI (SAST) Regulations. 1997 as amemded vide SEBI (SAST) (Amendment) Regulations, 2009. 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.

    • 5 Feb · 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.

  13. Jan 2009

    • 15 Jan · Miscellaneous

      Asian Electronics Ltd had informed the Exchange regarding Minutes of the Annual General Meeting of the Members of the Company held on November 29, 2008. The Company has now informed the Exchange that "On Page No. 2 of the Minutes, under heading 'Annual Accounts & Directors' Report', we have mentioned certain names of the Shareholders who have raised queries regarding working of the Company. Name of one of such Shareholders was mentioned as Mr. Kiran V. Sheth. We regret to inform you that there was clerical error and the name is to be read as Mr. Kishore G. Sheth and not Mr. Kiran V. Sheth".

    • 15 Jan · Board meeting

      Meeting on 23 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”

    • 6 Jan · Board meeting

      Board of Asian Electronics Limited ("Company") met on January 5th, 2009 and, inter alia, discussed and approved the following: 1. The decision for issuance of postal ballot notice to seek approval of members by way of a special resolution for change in management, in terms of Regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, the (Companies Act, 1956, the rules made thereunder and other applicable law, regulations, guidelines, circulars and the like, taken in the Board meeting on November 26, 2008 (the "Said Board Meeting"), was reviewed and confirmed afresh by the Board with certain modifications. 2. The postal ballot notice for the matters described in 1. above was also reviewed and confirmed afresh by the Board with certain modifications for issuance to the members for their approval. 3. The decision taken at the Said Board meeting to adopt an Employee Stock Option Scheme ("ESOS") and/or an Employee Stock Purchase Scheme (-ESPS") for upto 25% of the paid up capital of the Company, the terms of which are to he decided by a Committee of Directors, was resolved to be revised as mentioned under 4, below. 4. The Board decided, subject to the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and other applicable laws, regulations, guidelines, circulars and the like, and subject to respective shareholder approvals and approvals from regulatory authorities, to adopt the following two stock option schemes: a) an Employee Stock Option Scheme titled "Asian Electronics Limited -Employee Stock Option Scheme -2009" for upto 51,80,057 Equity Shares comprising 13% of the fully diluted paid up capital of the Company, the terms of which are to be decided by a Committee of Directors, and for this purpose to set up a trust called as "Asian Electronics Limited - Employees Welfare Trust - 2009 : and b) a Chairman Stock Option Scheme titled Asian Electronics Limited - Chairman Stock Option Scheme - 2009 for upto 47,81,591 Equity Shares comprising 12% of the expanded paid upcapital of the Company, which Scheme is to be effective subject to shareholders' approval for the same and subject to approval of the members for change of management control from team led by Mr. Suresh S. Shah to team led by Mr. Arun B. Shah. Non-Executive Chairman and Director of the Company, without change in shareholding, and consequent waiver from public announcement and open offer under the provisions of First Provisions and Second proviso to Regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 1997, the beneficiary of the Scheme will be Mr. Arun B. Shah 5. In view of the above the Board resolved not to implement the resolution passed at the Said Board Meeting for seeking approval of the shareholders for allotment of sweat equity to Mr. Arun B. Shah for upto 12% (post allotment) of the fully diluted equity share capital of the Company. 6. The Board resolved to alter the date for the extraordinary general meeting of the shareholders of the Company from 5th January, 2009 to 12th February, 2009 for, inter alia, approval of the above matters.

    • 1 Jan · Meeting

      Minutes of the Annual General Meeting of the Members of the Company held on November 29, 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.

  14. Dec 2008

    • 31 Dec · Meeting

      Asian Electronics Ltd had informed the Exchange that the Board has decided to call an Extraordinary General Meeting of the Shareholders of the Company on January 05, 2009. The Company has now informed the Exchange that subsequently it has become necessary to reconsider the procedural aspects and various legal issues in the said matters as discussed earlier and decide the revised date for holding the Extraordinary General Meeting instead of January 05, 2009 as intimated earlier. However, the proposed meeting of the Board of Directors could not be held to consider the said matters on account of the fact that the Company has yet to obtain certain clarifications on legal advice in the matter. In view of this, no Extraordinary General Meeting has been convened on January 05, 2009 and the fresh date of Extraordinary General Meeting to consider the said matters will be decided by the Board very shortly and will be intimated.

    • 8 Dec · Limited Review Report

      Auditor's have conducted the limited review of the Unaudited financial results for the quarter ended September 30, 2008. A copy of the Limited Review Report, the statement of Unaudited Financial Results for the quarter ended September 30, 2008 with variations and the notes thereon and a copy of the extract from the minutes of the meeting of the Board of Directors held on December 04, 2008 explaining the variations in the unaudited Financial Results 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.