Kingfisher Airlines (Delisted) share news and announcements

BSE: 532747

Formerly Deccan Aviation

Last traded ₹1.30 on 22 Jun 2015

Delisted on 11 May 2018.

Kingfisher Airlines share news and announcements

517 announcements, routine notices left out, newest first. Page 10 of 11.

  1. Apr 2008

    • 21 Apr · Updates

      At the meeting of the Board of Directors of Deccan Aviation Limited held on April 17, 2008, the Board considered the letters received from Capt G R. Gopinath, Capt K J. Samuel and Mr. Vishnu Singh Rawal requesting to be declassified from Promoter / Promoter Group category of the Company, and inter alia, approved the following: (1) That the name of Capt G R Gopinath, Director shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings, with the Stock Exchanges /other statutory authorities etc., or with the shareholders, the name of Capt G R Gopinath shall not be included in the Promoter / Promoter Group of the Company. (2) That the name of Capt K J. Samuel, Director shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges /other statutory authorities. etc., or with the shareholders, the name of Capt K J. Samuel, Director shall not be included in the Promoter /Promoter Group of the Company. (3) That the name of Mr. Vishnu Singh Rawal, shall be excluded from the Promoter category of the Company and in any future correspondence including documents or filings with the Stock Exchanges /other statutory authorities. etc., or with the shareholders, the name of Mr. Vishnu Singh Rawal shall not be included in the Promoter / Promoter Group of the Company.

    • 16 Apr · Notice of Meeting

      By an Order made on March 20, 2008, the Hon'ble High Court of Karnataka has directed that separate meetings of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Applicant Company (Deccan Aviation Limited) be held on April 17, 2008 for the purpose of considering, and if thought fit, approving, with or without modification(s), the arrangement embodied in the Composite Scheme of Arrangement between Kingfisher Airlines Limited, Deccan Charters Limited and Deccan Aviation Limited. The copies of the Notice of 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.

    • 15 Apr · Results

      Deccan Aviation Limited had submitted to the Exchange a copy of the Postal Ballot Notice dated February 21, 2008 sent to the shareholders of the Company for seeking their approval for passing resolutions on the matter stated in the said notice. The Company had appointed Mr. G. Krishna, Practising Company Secretary, or failing him Mr. Sudhir V. Hulyakar, Practising Company Secretary as Scrutinizer for conducting the process of voting by Postal Ballot. Mr. G. Krishna, Practising Company Secretary the Scrutinizer, has submitted his report dated April 14, 2008. On the basis of the report received from the Scrutinizer, the Chairman on April 14, 2008 has declared the following resolutions as passed through Postal ballot, with the requisite majority as required under the provisions of the Companies Act, 1956 : Resolution No. as per Postal Ballot Notice : 1) Subject Matter of the Resolution : Increase in limits of inter corporate loans and investments upto a sum not exceeding Rs. 1000 crores regardless that the aggregate of the loans, securities including guarantees and investments may exceed the percentages prescribed under Section 372A of the Companies Act, 1956, Resolution Type :- Special Resolution.

    • 11 Apr · Board meeting

      Inter alia, to consider and take on record the Unaudited Financial Results for the Quarter ended March 31, 2008.

    • 2 Apr · Utilisation of Funds

      "The Board of Directors at their meeting held on 18th March, 2008, have approved the transfer of the unutilised amounts against stated purposes as disclosed in the Company's IPO Prospectus representing savings, and/or funds no longer required to be utilised for the purposes as stated in the Company's IPO Prospectus, for utilisation under General Corporate purposes. Chapter III of the prospectus issued by us relating to the IPO has outlined the object of the issue and the projected requirements of funds for each of these objects. 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.

  2. Mar 2008

    • 17 Mar · Meeting

      Pursuant to Section 192A of the Companies Act 1956 (the "Act") read with Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, for passing the following Resolutions by means of postal ballot. Special Resolution under Section 372A of the Companies Act, 1956 for increase in limits of inter corporate loans and investments. The Board of Directors has appointed Mr. G. Krishna, Practising Company Secretary or failing him Mr. Sudhir V. Hulyalkar Practising Company Secretary as Scrutinizer. The duly completed form should reach the Scrutinizer on or before the closing of working hours (6.00) on April 07, 2008. The results will be announced by one of the Directors on April 14, 2008. The details of the Notice 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.

    • 4 Mar · Meeting

      Notice of the Extra Ordinary General Meeting of the Company will be held on March 18, 2008. The 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 Mar · Limited Review Report & Others

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2007. Further the Company has also informed the Exchange regarding clarification in respect of the observations in the limited review report. The details of the same along with the limited review report 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. Feb 2008

    • 26 Feb · Meeting

      An Extra-Ordinary General Meeting has been convened on March 18, 2008 to seek the approval of the members for the further issue of capital, increase in Authorised Share Capital and consequential amendments to the Memorandum of Association of the Company.

    • 22 Feb · Raising of Funds/Others

      Board of Directors of the Company at the Meeting held on February 21, 2008 have passed the following Resolutions: (1) Subject to applicable provisions of the Companies Act, 1956 and Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 ("SEBI (DIP) Guidelines"), as also approval of the shareholders in the general meeting, and in terms of the provisions of the listing Agreement, to offer, issue and allot securities by way of domestic and/or international offering(s), to domestic and/or foreign institutions, non resident Indians , Indian public companies , corporate bodies, approved mutual funds, banks, insurance companies, pension funds, Qualified institutional Buyers as defined under Clause 2.2.2.B(v) of Chapter XIII-A of the SEBI (DIP) Guidelines ("QIB") under the provisions of the SEBI (DIP) Guidelines, individuals or otherwise, whether shareholders of the company or not, through a public issue and/or on a private placement basis equity shares and/ or securities linked to equity shares and/or convertible securities any other capital bonds/ instruments, debentures, preference shares convertible or non convertible including but not limited to Global Depository Receipts (GDRs) and/or American Depository Receipts (ADRs) Foreign Currency Convertible Bonds (FCCBs), Foreign Currency Exchangeable Bonds (FCEBs) as per the Foreign Currency Exchangeable Bonds Scheme, 2008, Fully / partly convertible debentures, partly or fully paid-up equity /debt instrument (hereinafter referred to as "Securities"), as allowed under SEBI (DIP) Guidelines , such that the total amount raised through the aforesaid Securities shall not exceed Rs.1600 crores (Rupees One Thousand Six Hundred Crores) (Including greenshoe, if any), of incremental funds for the Company, in such manner, as stated in the Special Resolution referred to in the draft Notice convening the Extra Ordinary General Meeting placed before the Board and approved. (2) Subject to approval of the shareholders, increase in Authorised Share Capital from Rs.150 crores to Rs.500 crores and consequential amendments to the Memorandum and Articles of Association of the Company".

    • 20 Feb · Disclosure

      Vide its letter dated February 18, 2008, that: "The ESOP Committee at its meeting held on 12th February, 2008 has granted 280400 options to the employees on the following primary terms: a) the options granted be vested in tranches over a period of four years from the time of grant; b) the options can be exercised within a period of five years from the date they vest; c) the exercise price at which the options are being granted is Rs. 65 per option; d) the number of options vesting as a percentage of the options granted is in the ratio of 20/20/30/30; e) Other terms as per ESOP Plan 2006; f) Fringe Benefit Tax as may be applicable and the Company policy thereof".

    • 4 Feb · Utilisation of Funds

      Vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31,2007 (taken on record by the Board of Directors of the Company at its meeting held on January 31, 2008) regarding the details of the Net IPO proceeds. 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.

  4. Jan 2008

    • 31 Jan · Results

      Standalone Results for the half year ended on 31-DEC-2007 as follows: Net Sales of Rs. 101284 lacs for half year ending on 31-DEC-2007 against Rs. 83358 lacs for the half year ending on 31-DEC-2006. Net Profit / (Loss) of Rs. (44403) lacs for the half year ending on 31-DEC-2007 against Rs. (3335) lacs for the half year ending on 31-DEC-2006.

    • 31 Jan · Business

      Vide its letter dated January 31, 2008 that "The Board of Directors of the Company, at the meeting held today have considered and approved the following :- (1) The scheme of arrangement to merge the Scheduled Airline business of Kingfisher Airlines Limited into Deccan Aviation Limited. (a) The appointed date for the said merger will be 1st April, 2008 subject to all statutory compliances. (b) The name of the Company will be changed to Kingfisher Airlines Limited. (c) The Company shall, allot shares in the ratio of 3 fully paid equity shares of Rs.10/- each of the Company for 7 equity shares of Rs.10/- each held in Kingfisher Airlines Limited. (d) The share entitlement ratio has been determined based on the recommendation of the independent valuers namely KPMG India Private Limited and Dalal & Shah. (2) Sale of the charter business of the Company to an entity to be jointly owned by Captain Gopinath and the UB Group. The sale consideration is based on valuation carried out by Grant Thornton, an independent valuation firm, appointed by the Board. The scheme is subject to requisite consents, approvals of the shareholders, lenders, creditors of the Company, the Hon'ble High Court of Karnataka, the permission or approval of the Central Government, stock exchanges or any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme".

    • 31 Jan · Business

      Press release titled "Deccan Aviation Records Improvement in all Operating Parameters". 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.

    • 31 Jan · Results

      Standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 56763 lacs for quarter ending on 31-DEC-2007 against Rs. 47489 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. (19086) lacs for the quarter ending on 31-DEC-2007 against Rs. 964 lacs for the quarter ending on 31-DEC-2006.

    • 21 Jan · Board meeting

      Company had informed the Exchange regarding the meeting of the Board of Directors of the Company scheduled to be held on January 22, 2008, Inter alia, to consider and take on record the Unaudited Financial Results for the Quarter/Half year ended December 31, 2007. The Company has now informed the Exchange that the Board Meeting has been rescheduled on January 31, 2008.

    • 14 Jan · Board meeting

      Inter alia, to consider and take on record the Unaudited Financial Results for the Quarter/Half year ended December 31, 2007.

  5. Dec 2007

    • 20 Dec · Business

      Vide its letter dated December 19, 2007 that: "The Board of Directors of Deccan Aviation Limited, in the just concluded meeting have unanimously approved the merger of the scheduled airline business undertaking of Kingfisher Airlines Limited into Deccan Aviation Limited. Consequently, the name of Deccan Aviation Limited will be changed to Kingfisher Airlines Limited. Dr. Vijay Mallya will be the Chairman & CEO and Captain Gopinath will be the Vice-chairman of the merged entity. The charter business of Deccan Aviation Limited will be spun off into a separate entity to be jointly owned by Captain Gopinath and the UB Group. Capt Gopinath will be the Chairman and CEO and Dr. Vijay Mallya will be the Vice Chairman of the said entity. KPMG and Dalal and Shah have been appointed as independent valuers to recommend the methodology, process and valuation for the entire process. All the above are subject to statutory approvals including the approval of the shareholders".

    • 18 Dec · Board meeting

      Consequent to the investment of the UB Group in the Company and the alliance between Kingfisher Airlines Ltd and Deccan, a study was initiated to arrive at the potential areas of synergies between the two airlines and the various options that may be available to take advantage of the same. Further the Company has inform that the report from the consulting firm - Accenture appointed for the purpose may be considered by the Board of Directors at their meeting to be held on December 19, 2007.

    • 5 Dec · Limited Review Report & Others

      Auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2007. A copy of the Limited review report and the company's clarification in respect of the observations in the limited review report 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 Dec · News Verification

      News Verification : The media had reports that Deccan Aviation Limited may split the aviation chartering business into a separate entity. 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. Deccan Aviation Limited has vide its letter inter-alia stated, "The Board of Directors at the meeting held on April 26, 2007 had considered and approved in principle the proposal of hiving off the Charter Services into a separate entity through a wholly owned subsidiary and formation of a Company for the same subject to approval of the shareholders of the Company. Consequent to the said in principle approval from the Board, studies are now being initiated to consider this. However, no concrete steps have been taken and will only be taken after the outcome of these studies is presented to the Board."

  6. Nov 2007

    • 22 Nov · Meeting

      Annual General Meeting of the Company will be held on December 19, 2007. Accordingly, the Register of Members and Share Transfer Book of the Company will remain closed from December 15, 2007 to December 19, 2007 (both date inclusive).

    • 21 Nov · News Verification

      News Verification : The media had reports that Deccan Aviation Limited may go for reverse merger with UB Group's Kingfisher Airlines. 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. Deccan Aviation Limited has vide its letter inter-alia stated,"We wish to inform you that, no proposals relating to merger of Kingfisher Airlines with the Company, has been considered by the Board of Directors of the Company as on date."

    • 14 Nov · Allotment of Equity Shares

      At the meeting of the Committee of Directors of the Company held on 14th November 2007, 73710 equity shares of Rs.10/- each were allotted to the employees against exercise of equivalent stock options under ESOP - 2005. Out of the said allotment, Col. Jayanth K Poovaiah Executive Director has been allotted 55385 equity shares Rs.10/- each against the exercise of equivalent options

    • 14 Nov · Miscellaneous

      Revised Shareholding Pattern under Clause 35 of the Listing Agreement for the quarter ended September 30, 2007. The Company has informed the Exchange that earlier, the shareholding of Kingfisher Radio Limited was erroneously categorized under Non-institutions- Bodies Corporate, which has now been rectified and categorized under Promoters and Promoter Group in view of being acknowledged as Co-Promoters in terms of the Subscription cum Shareholders Agreement dated June 26, 2007. The Company has further informed the Exchange that the allotment of 35222231 equity shares of Rs. 10/- each to Kingfisher Radio Limited was categorized under B-2 (a) Non-Institutions-Bodies Corporate instead of under A- 1(c) Promoter and Promoter Group - Bodies Corporate in the shareholding pattern filed as on September 30, 2007 vide its letter dated 5th October, 2007. In rectification, a revised shareholding pattern as on 30th September, 2007 has been filed by the Company vide its letter dated November 06, 2007 categorizing the allotment to Kingfisher Radio Limited under A-1 (c) Promoters and Promoter Group - Bodies Corporate instead of B-2 (a) Non-Institutions -Bodies Corporate. Further, under A-1 (a) Promoters and Promoter Group - Individuals the number of shares is 22794127 instead of 22162500 on account of 631627 shares acquired by Capt. G R Gopinath, Promoter in dematerialized form. Consequently, the number of shares under A -Promoters and Promoter Group stands revised to 58016358 instead of 22162500 and the number of shares under B-2 (a) Non-Institutions -Bodies Corporate is 36298094 instead of 71520325. Further, in the shareholding pattern for the quarter ended September 30, 2007, submitted by the Company vide its letter dated November 06, 2007, Foreign Bodies Corporate was erroneously categorized under Institutions, which has now been rectified and categorized under Non-Institutions vide its letter dated November 13, 2007. A copy of the revised shareholding pattern shall be available on the NSE website. (http://www.nseindia.com).

    • 6 Nov · Miscellaneous

      At the Board meeting held on 20th August, 2007, in terms of the Subscription cum Shareholders Agreement the Investor Group namely, United Breweries (Holdings) Limited, Kingfisher Radio Limited, and/or any other person (including UB Overseas Limited) nominated by Kingfisher Radio Limited to subscribe to the shares and/or to acquire Open Offer shares, being members of the UB Group have been acknowledged as Co-Promoters of Deccan Aviation Limited

    • 1 Nov · Utilisation of Funds

      Vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30,2007 (taken on record by the Board of the Directors of the Company at its meeting held on October 31, 2007) regarding the details of the Net IPO proceeds. 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.

  7. Oct 2007

    • 31 Oct · Management

      Vide its letter dated October 31, 2007 that : "At the Board meeting held today : 1) Dr. Vijay Mallya, Mr. A.K. Ravi Nedungadi and Mr. Hitesh Harshad Patel have been co-opted as Additional Directors on the Board of Directors of the Company with immediate effect to hold office until the ensuing Annual General Meeting. 2) Dr. Vijay Mallya has been appointed as Vice Chairman of the Board of Directors of the Company".

    • 27 Oct · Post offer Public announcement

      Post Offer Public Announcement to the shareholders of Deccan Aviation Limited published in the newspaper, with reference to the Public offer for acquisition of 20% of the equity share capital of Deccan Aviation Ltd. by Kingfisher Radio Ltd. (Acquirer) and United Breweries (Holdings) Ltd., UB Overseas Ltd. (PACs) - SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. 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.

    • 19 Oct · Board meeting

      Meeting on 31 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”

    • 5 Oct · Results

      Postal ballot notice dated August 20, 2007 sent to the shareholders of the Company for seeking their approval for passing resolutions on the matters stated in the said meeting. The Company had appointed Mr. G. Krishna, Practising Company Secretary, as Scrutinizer for conducting the process of voting by Postal Ballot. The Scrutinizer has submitted his report dated October 05, 2007. On the basis of the report received from the Scrutinizer, the Chairman today on October 5, 2007 has declared the resolution as passed through postal ballot with requisite majority as required under the provision of the Companies Act, 1956. 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.

    • 1 Oct · Disclosure

      Vide its letter dated September 27, 2007 that : "The ESOP Committee at its meeting held on 27th September, 2007 has granted 451000 options to the employees on the following primary terms: 1) the options granted be vested in tranches over a period of four years from the time of grant; 2) the options can be exercised within a period of five years from the date they vest; 3) the exercise price at which the options are being granted is Rs. 65 per option; 4) the number of options vesting as a percentage of the options granted is in the ratio of 20/20/30/30; 5) Other terms as per ESOP Plan 2006; 6) Fringe Benefit Tax as may be applicable and the Company policy thereof."

  8. Sep 2007

    • 28 Sep · Audit Qualifications

      Audit Qualifications as follows (1) During the previous financial year (period), the Company's treatment of certain deferred expenses were subject to qualifications by the statutory auditors and such qualification continues for the current financial year also. As a result, the loss for the current quarter is overstated by Rs.225 lakhs. (2) In respect of other qualifications by the statutory auditors pertaining to inventory valuation during the previous financial year, these have been resolved during the previous financial period of 15 months from April 01, 2005 to June 30, 2006. (3) In respect of certain other income of Rs.2672 lakhs, the same is subject to qualification by the statutory auditors.

    • 28 Sep · Utilisation of Funds

      Details of the Net IPO proceeds as on June 30, 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.

    • 28 Sep · Results

      Standalone Results for the year ended on 30-JUN-2007 as follows: Net Sales of Rs. 177455 lacs for year ending on 30-JUN-2007. Net Profit / (Loss) of Rs. (41958) lacs for the year ending on 30-JUN-2007.

    • 28 Sep · Results

      Standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 50314 lacs for quarter ending on 30-JUN-2007 against Rs. 39799 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. (17309) lacs for the quarter ending on 30-JUN-2007 against Rs. (11026) lacs for the quarter ending on 30-JUN-2006.

    • 18 Sep · Board meeting

      Inter alia., to consider and take on record the Audited Financial Results for the year ended June 30, 2007.

    • 11 Sep · Corrigendum

      Edelweiss Capital Limited had informed the Exchange regarding Public offer for acquisition of 20% of the equity share capital of Deccan Aviation Ltd. by Kingfisher Radio Ltd. (Acquirer) and United Breweries (Holdings) Ltd., UB Overseas Ltd. (PACs) - SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The Company (Edelweiss Capital Limited) has now submitted to the Exchange a copy of the Corrigendum to the Public Announcement, published 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.

    • 4 Sep · Meeting

      Pursuant to Section 192A of the Companies Act, 1956 (the "Act") read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 the following resolutions are to be passed by the members of the Company by means of postal ballot: 1) Special Resolution under Section 31 of the Companies Act, 1956 for Alteration of Articles of Association; 2) Special Resolution for Amendment to the ESOP Plan 2005; 3) Special Resolution for Amendment to the ESOP Plan 2006. The Board of Directors at its meeting held on August 20, 2007 has appointed Mr. G Krishna, Practising Company Secretary, as Scrutinizer to receive and scrutinize the completed postal ballot papers received from the members and for conducting the postal ballot voting process in a fair and transparent manner. The duly completed postal ballot form should reach the Scrutinizer on or before the closing of working hours on September 29, 2007. The results will be announced by one of the Directors on October 05, 2007. The details of the Notice 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.

  9. Aug 2007

    • 29 Aug · Allotment of Equity Shares

      At the meeting of the Committee of Directors of the Company held on 27th August, 2007, 84400 equity shares of the Company were allotted to the employees on account of conversion of Stock Options under ESOP - 2005

    • 21 Aug · Allotment of Equity Shares

      At the meeting of the Committee of Directors of the Company held on 20th August, 2007, 77280 equity shares of the Company were allotted to the employees on account of conversion of Stock Options under ESOP - 2005

    • 3 Aug · Management

      Mr. Sudhir Choudhrie (Alternate Director-Mr. Sumant Kapur) and Mr. Vivek Kalra have resigned from the Board of Directors of the Company with effect from 28th June, 2007 and 2nd July, 2007 respectively

  10. Jul 2007

    • 26 Jul · Open Offer

      Edelweiss Capital Limited had informed the Exchange regarding the Open Offer to acquire fully paid-up equity shares representing 20% of Post Preferential Issue Capital of Deccan Aviation Limited (Target Company) by Kingfisher Radio Limited (Acquirer) alongwith Persons acting in Concert viz. United Breweries (Holdings) Limited and UB Overseas Limited at a price of Rs.155/- per fully paid-up shares. The Company has further informed the Exchange that: "In terms of Regulation 18(1) of the SEBI (SAST) Regulations, the draft Letter of Offer had been submitted on June 19, 2007. Observations in terms of Regulation 18(2) of the SEBI (SAST) regulations are yet to be received from SEBI and are awaited. In view of the same, the schedule of activities announced earlier shall be required to be revised. The revised schedule of activities will be announced shortly upon receipt of observations from SEBI".

    • 2 Jul · Results

      Company shall publish Audited Financial Results within a period of 3 month for the year ended on June 30, 2007 i.e. on or before September 30, 2007.

    • 2 Jul · Increase in authorised share capital/others

      1) The Members of the Company at the Extra-Ordinary General Meeting held on 26th June, 2007 have approved the increase in the Authorised Share Capital of the Company from Rs.125 crores to Rs.150 crores. Accordingly, the present authorised share capital of the Company is Rs.150 crores comprising of 15 crore equity shares of Rs.10/- each. 2) The Committee of Directors at their meeting held on 30th June, 2007, have approved the allotment of 35,222,231 equity shares of Rs.10/- each to Kingfisher Radio Ltd at a price of Rs.155/- per share (Premium of Rs.145/- per share). Accordingly, the paid up capital of the Company stands increased to Rs.1,354,701,180/- comprising of 135,470,118 equity shares of Rs.10/- each

  11. Jun 2007

    • 27 Jun · Open Offer

      Edelweiss Capital Ltd had informed the Exchange regarding the open offer to acquire up to 27,094,024 fully paid-up equity shares representing 20% of post preferential issue capital of Deccan Aviation Limited (Target Company) by Kingfisher Radio Ltd (Acquirer) alongwith persons acting in concert viz. United Breweries (Holdings) Limited and UB Overseas Limited at a price of Rs.155/- per fully paid-up equity share. Edelweiss Capital Ltd has now informed clarified that: "Pursuant to the term sheet entered into between United Breweries Group, the Target Company and the Promoters of the Target Company, the United Breweries (Holdings) Limited had the flexibility of nominating entities to act as PACs. However, as of the date of the Draft Letter of Offer, it not nominated any further entity as a PAC. Accordingly as disclosed in the Draft Letter of Offer, United Breweries (Holdings) Limited and UB Overseas Limited are the only PACs for purpose of the captioned offer".

    • 21 Jun · Corrigendum

      Edelweiss Capital Limited had informed the Exchange regarding the Public Announcement for the Open offer to acquire up to 27,094,024 equity shares of Rs.10 (Rupees Ten Only) each of Deccan Aviation Limited (Target Company) by Kingfisher Radio Limited, a wholly owned subsidiary of United Breweries (Holdings) Limited, along with the Persons Acting in Concert (PACs), namely, United Breweries (Holdings) Limited, its 100% subsidiary, UB Overseas Limited (the "Offer"). The Company has now informed the Exchange that some typographical errors have occurred in the aforesaid Public Announcement. Subsequently, a corrigendum to the Public Announcement has been published on June 20, 2007 in the newspaper. A copy of the corrigendum 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 · Public Announcement-Open Offer

      Public Announcement ("PA") being issued by them, the Manager to the Offer ("Edelweiss"), on behalf of Kingfisher Radio Limited, a wholly owned subsidiary of United Breweries (Holdings) Limited, along with the Persons Acting in Concert (PAC), namely, United Breweries (Holdings) Limited, its 100% subsidiary, UB Overseas Limited and such other person/persons whom United Breweries (Holdings) Limited may nominate (hereinafter collectively referred to as ("Acquirers"), pursuant to Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations"). The Offer: The Acquirers are making an Offer under Regulation 10 & 12 of the SEBI (SAST) Regulations to the public shareholders of DAL (Deccan Aviation Limited) to acquire up to 27,094,024 fully paid up equity shares of Rs.10 each, representing in the aggregate 20% of the Post Issue Voting Capital, at a price of Rs.155 (Rupees One Hundred and Fifty Five only) per share ("Offer Price"), payable in cash and subject to the terms and conditions mentioned hereinafter ("the Offer"). The date of opening of the Offer is July 25, 2007 and the date for closing of the offer is August 13, 2007. A copy of the Public Announcement-Open Offer 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 Jun · Meeting

      Notice of the Extra-Ordinary General Meeting to be held on June 26, 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.