JSW Ispat Special Products (Delisted) share news and announcements
BSE: 513446Industrial Products
Formerly Monnet Ispat & Energy
Last traded ₹39.00 on 9 Aug 2023
Delisted on 28 Mar 2024.
JSW Ispat Special Products share news and announcements
1,217 announcements, routine notices left out, newest first. Page 24 of 25.
Jun 2009
30 Jun · Results
Consolidated Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 156857 lacs for year ending on 31-MAR-2009 against Rs. 115907 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 21264 lacs for the year ending on 31-MAR-2009 against Rs. 16618 lacs for the year ending on 31-MAR-2008.23 Jun · Board meeting
To Inter alia, consider Audited Annual Accounts for the financial year ended on March 31, 2009.1 Jun · Extinguishment
In connection with Buy Back of Equity Shares by Monnet Ispat & Energy Limited ("Monnet") in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulation,1998 as amended to date (the "Regulations") and in compliance with regulation 12 of the Regulations, Nil Equity Shares have been bought back during the period from May 01, 2009 to May 22, 2009 through market purchase. The Reconciliation statement for number of shares extinguished since the commencement of buy back 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.
May 2009
26 May · Closure of Buy back
In connection with the Buy Back of Equity Shares by Monnet Ispat & Energy Limited ("Monnet") in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 as amended to date (the "Regulations"), that Monnet has closed Buyback of its Equity Shares with effect from May 22, 2009, subject to completion of all payout formalities. No order for the Buyback were placed after May 20, 2009. ICICI Securities Ltd has further submitted to the Exchange a copy of Public Announcement ("PA") regarding completion of the Buyback Offer of Monnet dated May 22, 2009 and published on May 23, 2009 in the newspaper. 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.20 May · Meeting
Vide its letter dated May 19, 2009 that "The Board of Directors at its meeting held on date have passed a resolution authorizing the following subject to the approval of the Members at an Extra-ordinary General Meeting scheduled to be held on 17th June, 2009:- (1) the issue of upto 9,000,000 warrants to the promoters of the Company with the right to apply, upon conversion, for an aggregate of 9,000,000 equity shares of Rs.10/- each after adjusting the amount paid-up in respect of each warrant. The pricing of warrants and consequent shares arising out of warrants shall be calculated as per SEBI Guidelines of Preferential Issues (Chpater XIII of the SEBI (Disclosures and Investor Protection) Guidelines, 2000) and exercisable within a period of 18 months from the date of issue. (2) convene an Extra-ordinary General Meeting of the Shareholders of the Company on Wednesday, June 17, 2009 for getting necessary approvals under the provisions of the Companies Act, 1956 and/or SEBI Regulations/Guidelines".19 May · Closure of Buy back
"With reference to the buy-back of fully paid-up equity shares of the Company of the face value of Rs.10 each ("Equity Shares") through the open market purchases through stock exchanges route (the "Buy-Back"). Kindly note that pursuant to clause 1.2, 2 and 7.5 of the Public Announcement published on November 20, 2008 (the "PA") and in terms of the resolution passed by the committee of the Board of Directors of the Company vide resolution dated May 18, 2009, the Company having purchased more than the minimum required number of Equity Shares being 500,000 in numbers, has decided to close the Buy-Back with effect from May 22, 2009, subject to completion of all necessary statutory and regulatory requirements. Further the company has informed the Exchange that as on May 18, 2009, the company has already bought back and extinguished 12,86,259 Equity Shares for an aggregate amount of Rs. 182.03 million. 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.7 May · Extinguishment
In connection with Buy Back of Equity Shares by Monnet Ispat & Energy Limited ("Monnet") in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulation,1998 as amended to date (the "Regulations") and in compliance with regulation 12 of the Regulations, 96 Equity Shares have been bought back during the period from April 01, 2009 to April 30,2009 through market purchase. The Reconciliation statement for number of shares extinguished since the commencement of buy back 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.7 May · Extinguishment
96 dematerliazed Equity Shares of the Company have been extinguished in compliance with Regulation 12 of the SEBI (Buy-Back of Securities) Regulations, 1998 on April 29, 2009.
Apr 2009
28 Apr · Buy back
ICICI Securities Ltd. has informed the Exchange that in connection with the Buy Back of Equity Shares by Monnet Ispat & Energy Limited ('Monnet") in Compliance with Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 as amended to date (the "Regulations") and in compliance with regulation 15 of the Regulations, Monnet Ispat and energy Limited, during the period from April 13, 2009 to April 26, 2009 has bought 96 Equity Shares through the National Stock Exchange and Nil Equity Shares through the Bombay Stock Exchange for a total consideration of Rs.17,760. Monnet Ispat and energy Limited has published the said information on April 27, 2009 in the news paper. 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 Apr · Results
Company will publish audited results within a period of 3 months from end of last quarter, i.e. March 31, 2009. Accordingly, un-audited results for the quarter ended March 31, 2009 will not be published by April 30, 2009.8 Apr · Extinguishment
In connection with Buy Back of Equity Shares by Monnet Ispat & Energy Limited ("Monnet") in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulation,1998 as amended to date (the "Regulations") and in compliance with regulation 12 of the Regulations, 47920 Equity Shares have been bought back during the period from March 01, 2009 to March 31,2009 through market purchase. The Reconciliation statement for number of shares extinguished since the commencement of buy back 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.
Mar 2009
31 Mar · Updates
Company has received notices from the subscribers of 50,00,000 warrant holders informing that they wish to withdraw their right to exercise the option to convert these warrants into equity shares within the stipulated period of their currency. The company has considered and accepted their request and consequently, their right to convert warrants into equity shares and the subscription money paid for these warrants stand forfeited in compliance of Clause 13.1.2.3 (c) of SEBI (Disclosure & Investor Protection) Guidelines, 2000.24 Mar · Extinguishment
46,420 dematerliazed Equity Shares of the Company have been extinguished in compliance with Regulation 12 of the SEBI (Buy-Back of Securities) Regulations, 1998 on March 16, 2009.9 Mar · Extinguishment
In connection with the buyback of equity shares by Monnet Ispat & Energy Limited ("Monnet") in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 as amended to date (the "Regulations") and in compliance with Regulation 12 of the Regulations, 21,317 Equity Shares have been bought back during the period from February 01, 2009 to February 28, 2009 through market purchase. The Reconciliation statement for number of shares extinguished since the commencement of buy back 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
24 Feb · Updates
Mounteverest Trading & Investment Limited has executed Share Purchase & Shareholders' Agreement to acquire 54,20,000 equity shares of Orissa Sponge Iron & Steel Ltd. Since OCIL is a listed Company, the agreement makes it necessary for MTIL to make an announcement to the public inviting competitive bid from the shareholders of OCIL. Further, pursuant to the definitions and various provisions of SAST, the Company is a Person acting in Concert and therefore, shall be a PAC to the competitive bid.6 Feb · Extinguishment
In connection with the buyback of equity shares by Monnet Ispat & Energy Limited ("Monnet") in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 as amended to date (the "Regulations") and in compliance with Regulation 12 of the Regulations 1,143,747 Equity Shares have been bought back during the period from January 01, 2009 to January 31, 2009 through market purchase. The details of the Equity Shares extinguished as part of the buy-back process are as under : No. of shares Extinguished during January 01, 2009 to January 31, 2009 : 1,143,747.
Jan 2009
29 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 40008 lacs for quarter ending on 31-DEC-2008 against Rs. 39970 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 3350 lacs for the quarter ending on 31-DEC-2008 against Rs. 6201 lacs for the quarter ending on 30-SEP-2008.20 Jan · Board meeting
Meeting on 29 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”8 Jan · Extinguishment
In connection with the Buy Back of Equity Shares by Monnet Ispat & Energy Limited (Monnet) in Compliance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 as amended to date (the "Regulations") and in compliance with regulation 12 of the Regulations, company would like to inform that 73,179 Equity Shares have been bought back during the period from December 08, 2008 to December 31, 2008 through market purchase. Details of the Equity Shares extinguished as part of the Buyback process in physical form and in dematerialized form are as under: (1) Physical Form; No. of Shares Extinguished during December 08, 2008 to December 31, 2008: Nil; (2) Dematerialized Form; No. of Shares Extinguished during December 08, 2008 to December 31, 2008 : 73,179; (3) Total No. of Shares Extinguished during December 08, 2008 to December 31, 2008: 73,179.
Nov 2008
21 Nov · Public Announcement - Buyback of Shares
Public Announcement made pursuant to the provisions of Regulation 8(1) read with Regulation 15(c) of the SEBI (Buyback of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time and contains the disclosures as specified in Schedule II to these Regulations. Buyback Offer: Pursuant to the Board Meeting of Monnet Ispat & Energy Limited (the "Company" or "Monnet" or "MIEL") held on October 23,2008 (the "Board Meeting") approving the proposal for buyback of its own fully paid up equity shares of Rs. 10 each (hereinafter referred to as the "Buyback"), the Company hereby announces the buyback of its own fully paid-up equity shares of the face value Rs. 10 each ("Shares") from the existing owners of Shares of the Company from the open market through Stock Exchanges using the nationwide electronic facilities of the Bombay Stock Exchange Limited("BSE") and /or National Stock Exchange of India Limited ("NSE") (together "the Stock Exchanges") in accordance with the provisions of Sections 77A, 77AA, 77B and all other applicable provisions if any, of the Companies Act, 1956(the "Act") and the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 (the "Buyback Regulations") and the relevant provisions of Memorandum of Association and Articles of Association of the Company subject to approval/s as may be necessary, from time to time from statutory authorities including but not limited to Securities and Exchange Board of India, Stock Exchanges, Reserve Bank of India etc. as required at a maximum price not exceeding Rs. 300 per equity share("Maximum Buyback Price") payable in cash , for an aggregate amount not exceeding Rs. 750 million ("the Buyback Size"). The Date of Opening of Buyback is December 08, 2008 and Last Date of the Buyback is October 22, 2009 (i.e. 12 months from the date of the resolution passed by the Board of Directors of the Company at its meeting held on October 23, 2008) or when the Company completes the Buyback to the extent of Rs. 750 million, whichever is earlier, or at such earlier date as may be determined by the Board of Directors, even if the maximum limit of Buyback has not been reached, subject to the condition that the Company shall Buyback a minimum of 5,00,000 equity shares, by giving an appropriate notice for such earlier date. A copy of the Public Announcement - Buyback of Shares 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 Nov · Buyback of Shares
Monnet Ispat Ltd had informed the Exchange regarding the approval by the Board of Directors for Buyback of Equity Shares of the Company at their meeting held on October 23, 2008. Further the Company has submitted a copy of the Public Notice published on October 25, 2008 in terms of regulation 5(A) of SEBI (Buy Back of Securities) Regulations, 1998. A copy of the notice and the extracts of the minutes of the meeting of the BoDs 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 2008
23 Oct · Buy back / Others
Following decisions were taken by the Board in the meeting held on October 23, 2008:- 1) Proposal to buy back shares. The salient features of the buy back are as below: a) The maximum limit of buy back shall be Rs. 750 million which is 7.02% of the paid-up capital & free reserves. b) The Company will buy back minimum 500000 shares. c) The maximum buy back price is Rs. 300/- which is at a premium of 188.56% & 188.73% on the basis of closing prices on October 22, 2008 on the BSE and NSE respectively. 2) Setting up of two new Projects as below: a) Pelletization/Benefitiation plant for Iron Ore of 1.2 million TPA, and b) Additional Power capacity of 75MW at Raigarh along with the ongoing steel project.15 Oct · Board meeting
Interalia:- 1) consider the Unaudited Financial Results for the quarter ended September 30, 2008. 2) discuss the proposal to buy back of Equity Shares of the Company through Stock Exchange.3 Oct · Meeting
Proceedings of the Annual General Meeting of the Company held on September 30, 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.
Aug 2008
28 Aug · Meeting
Board of Directors, in their meeting held on August 18, 2008, have, inter alia, proposed to obtain the consent of the shareholders: - a) By way of postal ballot process in respect of increasing the powers under Section 293 (1) (a) with regard to mortgating/charging the assets of the Company. b) By way of ordinary resolutions for increasing the borrowing powers of the Company; and c) By way of ordinary resolution for alteration of articles of association of the Company. The Company has appointed M/s. Sanjay Grover & Associates, Company Secretaries, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The results of the Postal Ballot will be declared on September 30, 2008 in the Annual General Meeting of the Company. A copy of the Postal Ballot 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.25 Aug · Meeting
Register of Members and Share Transfer Books of the Company shall remain closed from September 24, 2008 to September 30, 2008 (both days inclusive) for the purpose of : 1. Annual General Meeting to be held on September 30, 2008; 2. For ascertaining entitlement to receive the dividend by the shareholders. The final dividend if approved by the shareholders in the Annual General Meeting shall be paid on October 17, 2008.18 Aug · Dividend
Board of Directors of the Company in its meeting held on August 18, 2008 has recommended a final dividend @ 25% (Rs.2.50 per equity share) subject to the approval of the shareholders in the Annual General Meeting. If approved, it will take the total dividend for the financial year 2007-2008 to 50%. Futher the Company has informed the Exchange regarding the information pursuant to Clause 20 in respect of Annual Accounts for the financial year ended on 2007-08 approved by 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.11 Aug · Board meeting
To, inter alia, consider Audited Annual Accounts for the financial year ended on March 31, 2008.
Jul 2008
21 Jul · Board meeting
Meeting on 28 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”
May 2008
30 May · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 1112988 equity shares of Rs.10/- each upon conversion of 80 FCCBs due 201112 May · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 139123 equity shares of Rs.10/- each upon conversion of 10 FCCBs due 2011
Apr 2008
28 Apr · Dividend
Board of Directors of the Company at its meeting held on April 28, 2008, inter-alia, considered and approved an Interim Dividend @ 25% on the Paid-up Capital of the Company for the Financial year 2007-08.19 Apr · Corporate action
6th May, 2008 has been fixed as the Record Date for the purposes of interim dividend, subject to its declaration by the Board of Directors at their meeting to be held on 28th April, 200819 Apr · Board meeting
To consider interalia the Unaudited Financial Results for the quarter ended March 31, 2008 and to consider declaration of Interim Dividend for the financial year 2007-08.
Mar 2008
12 Mar · News Verification
News Verification : The media had reports that Monnet Ispat Ltd may set up a 1,000 MW power plant in Indonesia. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Monnet Ispat Ltd has vide its letter inter-alia stated, "The Company is only in discussion with the Indonesian authorities for putting up coal fired Power Plant in that country on a pit-head basis. We would like to clarify that nothing has been finalized so far and it is only at the stage of discussions. We cannot commit at this stage whether the proposal will fructify or not."
Feb 2008
12 Feb · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 979455 equity shares of Rs.10/- each upon conversion of 640 FCCBs due 2010 and 28 FCCBs due 2011
Jan 2008
25 Jan · Allotment of Warrants
The Company has received the requisite authorizations/ approvals/ permissions from the Board of Directors, Shareholders and Stock Exchanges for the issue and allotment of 50,00,000 warrants convertible into equal number of shares within a period of 18 months from the date of their allotment. Accordingly, the Company has allotted 50,00,000 warrants to the proposed allottees that will be convertible into an equal number of equity shares of Rs. 10/- each at a price of Rs. 418.50 per share. These warrants have been allotted subject to lock-in during the period of their subsistence.14 Jan · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 375633 equity shares of Rs.10/- each upon conversion of 27 FCCBs due 201111 Jan · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 1429554 equity shares of Rs.10/- each comprising of 1290431 Equity Shares allotted upon conversion of 1400 FCCBs due 2010 and 139123 Equity Shares allotted upon conversion of 10 FCCBs due 201111 Jan · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 11043425 equity shares of Rs.10/- each upon conversion of 75 FCCBs due 20117 Jan · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 1290431 equity shares of Rs.10/- each upon conversion of 1400 FCCBs due20107 Jan · Board meeting
Meeting on 14 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”1 Jan · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 944313 equity shares of Rs. 10/- each comprising of 276521 Equity Shares allotted upon conversion of 300 FCCBs due 2010 and 667792 Equity Shares allotted upon conversion of 48 FCCBs due 2011
Dec 2007
14 Dec · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 849723 equity shares of Rs. 10/- each comprising of 571476 Equity Shares allotted upon conversion of 620 FCCBs due 2010 and 278247 Equity Shares allotted upon conversion of 20 FCCBs due 201113 Dec · Meeting
Vide its letter dated December 13, 2007 that "The Board of Directors at its meeting held on date have passed a resolution authorizing the following, subject to the approval of the Members at an Extra-ordinary General Meeting to be held on January 11, 2008: "The issue of upto 5,000,000 warrants to the promoters of the Company with the right to apply, upon conversion, for an aggregate of 5000,000 equity shares of Rs. 10/- each after adjusting the amount paid-up in respect of each warrant. The pricing of warrants and consequent shares arising out of warrants shall be calculated as per SEBI Guidelines of Preferential Issues (Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000) and exercisable within a period of 18 months from the date of issue. (2) Convene and Extra-ordinary General Meeting of the shareholders of the Company on January 11, 2008 for getting necessary approvals under the provisions of the Companies Act, 1956 and/or SEBI Regulations/Guidelines.
Nov 2007
23 Nov · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 2103283 equity shares of Rs.10/- each comprising of 1825037 Equity Shares allotted upon conversion of 1980 FCCBs due 2010 and 278246 Equity Shares allotted upon conversion of 20 FCCBs due 201121 Nov · Miscellaneous
The Company had entered into an agreement for development and supply of iron ore mine of 30 million tonne for captive use. The arrangement envisaged in the agreement has fallen into dispute and the Company is not getting any iron ore from the said mine for the time being8 Nov · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 695617 equity shares upon conversion of 50 FCCBs due 2011
Oct 2007
25 Oct · Allotment of Equity Shares
The Company has increased the paid-up equity share capital by making an allotment of 92173 equity shares upon conversion of 100 FCCBs due 201023 Oct · Miscellaneous
Monnet Ispat Ltd had informed the Exchange vide its letter dated October 22, 2007 that the Company has increased the paid-up equity share capital by making an allotment of 570401 equity shares upon conversion of 41 FCCBs due 2011. The Company has now informed the Exchange vide its letter dated October 23, 2007 that due to typographical error, the number of shares allotted have been mentioned as 570401. The same should be read as 570405.