Asian Electronics (Delisted) share news and announcements

BSE: 503940

Last traded ₹1.78 on 16 Mar 2015

Delisted on 4 Jul 2018.

Asian Electronics board meetings

74 filed, newest first. Page 2 of 2.

  1. 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.

    • 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.

  2. 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.

  3. Jan 2009

    • 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.

  4. Nov 2008

    • 28 Nov · Board meeting

      "The Board of Asian Electronics Limited ("Company") met on November 26, 2008 inter alia, discussed and approved the following: (1) The issuance of a postal ballot notice 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. (2) Subject to the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and other applicable law, regulations, guidelines, circulars and the like the adoption of 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 be decided by a Committee of Directors. (3) Subject to the provisions of the Companies Act, 1956, the rules made thereunder, the Securities and Exchange Board of India (Issue of Sweat Equity) Regulations 2002, Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and other applicable law, regulations, guidelines, circulars and the like; and the approval of the shareholders, the issue of the equity shares representing upto 12% (post allotment) of the fully diluted equity share capital of the Company to Mr. Arun Shah as sweat equity shares ("Sweat Equity"), the terms of which are to be decided by a Committee of Directors. (4) The Sweat Equity, ESOP and ESPS together shall not exceed 25% of the (post allotment) of the fully diluted equity share capital of the Company. Further, the Committee of Directors may decide to proceed with any one of the Sweat Equity, ESOP or ESPS a combination of them, subject to approval of shareholders of the Company, the provisions of the Companies Act, 1956, the rules made thereunder, and other applicable law, regulations, guidelines, circulars and the like. (5) To call an extraordinary general meeting of the shareholders of the Company on January 5, 2009 for, inter alia. approval of the above matters.

    • 6 Nov · Board meeting

      The Board of Asian Electronics Limited ("Company") met on November 04, 2008 and November 05, 2008 (due to the adjournment of the meeting on November 04, 2008) and discussed and approved the following: (1) Appointment of Mr. Haresh Desai as Additional Director to hold office till the forthcoming Annual General Meeting of the Company. Mr. Desai is a Chartered Accountant by profession and partner of A.V. Rajwade & co., noted Forex and Risk Management Consultants. He shall be an independent Director of the Company. (2) Appointment of Mr. Suhash Tuljapurkar as additional Director to hold office till the forthcoming Annual General Meeting of the Company. He is a partner of Legasis, a noted law firm. He shall be an independent Director of the Company. (3) Resignation of Mr. S. Padmanabhan, Mr. Sanjay Asher and Mr. Sushil Jiwarajka as Director of the Company. (4) Resignation of Mr. Suresh H. Shah as Chairman and Managing Director and as a Director on the Board of the Company, in view of his failing health. (5) Subject to the approval of the shareholders in terms of Regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of shares and Takeovers) Regulations, 1997 and other applicable law, regulations, guidelines, circulars and the like, Mr. Arun B. Shah offered to take over the active day to day management, which was accepted by the Board. (6) Subject to the provisions of the Companies Act, 1956, the rules made thereunder, the Securities and Exchange Board of India (Issue of Sweat Equity) Regulation, 2002 the Securities and Exchange Board of India (Substantial Acquisition of shares and Takeovers) Regulations, 1997 and other applicable law, regulations, guidelines, circulars and the like, the allotment of the equity shares representing upto 12% (post allotment) of the fully diluted equity share capital of the Company to Mr. Arun B. Shah as sweat equity shares. (7) M/s. S. R. Batliboi & co., auditors of the Company have expressed their desire not to be reappointed at the forth coming Annual General Meeting as the auditors of the Company. M/s. Sorab S. Engineer & Co., Chartered Accountants, have agreed to be appointed the auditors of the Company, if appointed so, at the forth coming Annual General Meeting. The audit committee and the Board of Directors have recommended to members to appoint them as auditors of the Company at the remuneration to be fixed by the audit committee

  5. Oct 2008

    • 31 Oct · Board meeting

      Company had informed the Exchange that the Meeting of Directors of Asian Electronics Ltd. will be held on October 31, 2008, to consider and take on record the unaudited financial results for the Second quarter/half year ended September 30, 2008. The Company has now informed the Exchange that the Audited Committee meeting convened on October 30, 2008 had to be adjourned for want of quorum. It has been decided that said Audit Committee Meeting will be held on November 04, 2008 and immediately thereafter the meeting of the Board of Directors will be held for the purpose of taking on record the Unaudited Financial Results for the second quarter/half year ended September 30, 2008.

    • 27 Oct · Board meeting

      Board of Directors of the company at its meeting held on October 25, 2008 has not recommended any dividend on Equity Shares for the year ended March 31, 2008.

    • 23 Oct · Board meeting

      To consider and take on record the Unaudited Financial Results for the second quarter/half year ended September 30, 2008.

    • 16 Oct · 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, 2008. 2) To recommend Dividend on Equity Shares, if any.

  6. Jul 2008

    • 22 Jul · Board meeting

      Meeting on 31 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”

  7. Jun 2008

    • 30 Jun · Board meeting

      "In view of certain circumstances with regard to the business activities of the Company in the field of Energy Segment, the Company's Board had constituted a Committee of Directors to go into various related issues. The said Committee has submitted their findings and opinion for consideration of the Board. The Board has carefully considered the opinion and the recommendations given by the Committee. The Board is of the opinion that the events, which happened subsequent to the closure of the year, are likely to have affect on the Balance sheet, which need to be carefully incorporated for the purpose of transparency and members' information. In view of the above we will not be able to publish our audited results for the year ended March 31, 2008 on or before June 30, 2008 and hence seek further time for the same." Further the Board of Directors also decided to withdraw the Scheme of Arrangement for merger of Green Hydrocarbons India Pvt. Ltd. and the Operations Division of U.S. Instruments Pvt. Ltd. with Company. A copy of the Note on Findings of the Committee of Board of Directors 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.

    • 24 Jun · Board meeting

      To consider Annual Accounts of the Company for the Financial Year ended March 31, 2008.

  8. Jan 2008

    • 23 Jan · Board meeting

      Meeting on 31 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”

  9. Oct 2007

    • 19 Oct · Board meeting

      Meeting on 30 Oct 2007: “Unaudited Results for Qtr & Half year ended Sep 30, 2007”

  10. Sep 2007

    • 21 Sep · Board meeting

      To consider and approve the following: (1) To consider and approve Employee's Stock Option Scheme 2007 (ESOP 2007) (2) To call an Extra Ordinary General Meeting of the shareholders of the Company to approve the above scheme by the shareholders (3) To consider any other related issues in respect of the Employee's Stock Option Scheme 2007 (ESOP 2007).

  11. Jul 2007

    • 21 Jul · Board meeting

      Meeting on 30 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”

    • 2 Jul · Board meeting

      Asian Electronics Ltd had informed the Exchange regarding holding of Board Meeting on June 30, 2007 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, 2007. 2) To recommend Dividend on Equity Shares, if any. The Company has now informed that the said meeting has been adjourned to July 05, 2007 as all the independent Directors, including the Chairman of the Audit Committee, could not reach the venue of the meeting on accounts of disruption of transport services due to incessant rain in Mumbai on June 30, 2007.

  12. Jun 2007

    • 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, 2007. 2) To recommend Dividend on Equity Shares, if any.

  13. Jan 2007

    • 15 Jan · Board meeting

      Meeting on 24 Jan 2007: “Unaudited Financial Results for the quarter ended Dec 31, 06”