Infinite Computer Solutions (India) (Delisted) share news and announcements
BSE: 533154
Last traded ₹473.75 on 13 Dec 2018
Delisted on 21 Dec 2018.
Infinite Computer Solutions (India) disputes and clarifications
6 filed, newest first.
Jun 2018
1 Jun · Legal
Exchange has sought clarification from Infinite Computer Solutions (India) Limited with respect to Non-compliance as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is awaited.
Sep 2017
15 Sep · Legal
Exchange has sought clarification from Infinite Computer Solutions (India) Limited with respect to announcement dated 14-Sep-2017, regarding " Infinite Computer Solutions (India) Limited has informed the Exchange that the Board of Directors at its meeting held on September 14, 2017, have considered and approved bonus at the ratio of 01 : 26, i.e 01 Equity Shares for every 26 Equity Shares held.". On basis of above the Company is required to clarify following: 1. Whether bonus is out of free reserves created out of profits or share premium account;2. Details of share capital - pre and post bonus issue;3. Free reserves and/ or share premium required for implementing the bonus issue;4. Free reserves and/ or share premium available for capitalization and the date as on which such balance is available;5. Whether thefigures are audited;6. Estimated date by which such bonus shares would be credited/dispatched.The response of the Company is awaited.
Oct 2016
13 Oct · Legal
Exchange has sought clarification from Infinite Computer Solutions (India) Limited with respect to announcement dated 13-Oct-2016, regarding " Infinite Computer Solutions (India) Limited has informed the Exchange the Board of Directors of the Company at its meeting held on October 12, 2016, approved, subject to the approval of the regulatory authorities, shareholders, Companies Act, 2013, the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998, as amended ("SEBI Buyback Regulations") and such applicable Acts or Rules including amendments, if any, a Buyback of Equity Shares of face value Rs10 each of the Company at a Buyback price not exceeding Rs 270/- (Rupees Two Hundred Seventy only)per Equity Share ("Buyback Price") for a total consideration aggregating upto Rs. 1,50,00,00,000 (Rupees One Hundred Fifty Crores Only) ("Buyback Offer Size"), from the existing shareholders of the Company on the record date to be determined on proportionate basis through the "Tender Offer" route as prescribed under the SEBI Buyback Regulations. The Buyback Offer Size represents 24.77% of the Paid- up share capital and free reserves of the Company as on March 31,2016. The Board also noted the intention of the Promoter Group of the Company to participate in the proposed Buyback.Further, the Board has withdrawn the earlier buyback, approved by the Board on August 24, 2016 and the shareholders on October 8, 2016 and will seek fresh approval of the shareholders through Postal Ballot for the revised Buyback offer .On basis of above the Company is required to clarify following:1. Number of securities proposed for buyback;2. Number of securities proposed for buyback as a percentage of existing paid up capital;3. Actual securities in number and percentage of existing paid up capital bought back;4. Pre & post shareholding pattern.5. Whether Outcome is submitted within 30 Minutes of the Conclusion of the MeetingThe response of the Company is awaited.