Karuturi Global share news and announcements

BSE: 531687Agricultural Food & other Products

Formerly Karuturi Networks

Trading suspended since 13 Apr 2021

Last traded ₹0.20 on 12 Apr 2021

Karuturi Global share news and announcements

869 announcements, routine notices left out, newest first. Page 18 of 18.

  1. Jan 2008

    • 31 Jan · Allotment of Equity Shares

      Board of Directors of the Company at their meeting held on January 19, 2008 has made the allotment of equity shares to the FCCB bond holders who have exercised the option of converting the bonds into equity shares. The details of allotment 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.

    • 30 Jan · Split/Others

      Board of Directors of Karuturi Networks Limited, Bangalore met on January 30, 2008 and transacted the following business: (1) It is proposed to split the face value of its Equity Shares from the existing Rs.10/- per Share to Rs.1/- Share subject to the approval of the share holders. (2) It is proposed to enhance Board's borrowing powers from the existing Rs.500 crores to Rs.1500 cores keeping in view of its capex plans in the financial year after obtaining the consent of the share holders. (4) It is decided to float 3 new subsidiaries for undertaking its diverse business interests as under (a) Karuturi Floritech P Ltd- for its floriculture division. (b) Karuturi Foods P Ltd - for its food processing division. (c) Karuturi Flower Express Pvt Ltd- for its retail division. (5) It is proposed to drop the word 'networks' from its name i.e. Karuturi Networks Limited and to retain Karuturi Limited or such other name as may be made available by the Central Government. (6) Mr.Siddhartha K Mukherji and Mr.Satish Caroli are appointed as Directors of the company.

    • 9 Jan · Board meeting

      To consider the following business, (a) To take on record the Un-audited financial results of the company for the quarter ended December 31, 2007. (b) To consider stock split. (c) To enhance the borrowing powers of the Board. (d) Hiving off business operations into wholly owned subsidiaries. (e) Dropping the phrase 'Networks' from Karuturi Networks Limited. (f) Appointment of Additional Director's.

  2. Oct 2007

    • 22 Oct · Business

      Karuturi Networks Ltd on 19.10.2007 has completed all formalities leading to acquisitions of infrastructure and management control of Sher Agencies Ltd, Kenya. With this acquisition, Karuturi Networks Ltd has emerged as the worlds largest producer and exporter of roses. Karuturi Roses are available in Africa, USA, Europe, Middle East, Far East Asia, Australia and New Zealand. This acquisition renders Karuturi Networks as the truly Multi National and fully integrated company in India in the field of agriculture. Mr. Sai Ramakrishna Karuturi and Mr. Srinivas Rao Karuturi are appointed as the Director of Sher Agencies Ltd, Kenya after the existing directors of the company stepped down following the acquisition. The new Board of Directors have proposed to rename the company as Sher Karuturi Ltd.

    • 15 Oct · Business

      Press release dated October 12, 2007, titled "Karuturi Networks Limited raises US$ 50 Million FCCB". 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.

  3. Sep 2007

    • 14 Sep · Allotment of shares

      Vide its letter dated September 14, 2007 that "The Board of Directors of the company met today and among others, transacted the following business. (1) The Board has made allotment of 11,06,250 equity shares to the FCCB bond holders who have exercised the option of conversion. The details of allotment is as under. (a) Name of the FCCB Bond holder : Lehman Brothers International (Europe); No of shares allotted : 921,875. (b) Name of the FCCB Bond holder : Goldman Sachs International; No of shares allotted : 184,375. (2) The Board has made allotment of 300,000 shares to Bennett, Coleman & Co Limited, New Delhi, who have exercised the option of converting warrants allotted to them on preferential basis into equity shares".

    • 6 Sep · Results

      Resolutions passed through postal ballots. A copy of the resolutions passed by the members with majority 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. Aug 2007

    • 30 Aug · News Verification

      News Verification : The media had reports that Karuturi Networks Limited has acquired the Dutch floriculture major Sher Agencies for around $69 million. 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. Karuturi Networks Limited has vide its letter inter-alia stated, "The proposal to acquire the aforesaid Dutch Company is still in the process of being finalized. As and when there is any official communication from the Board regarding the execution of the contract, we will inform the Stock Exchange accordingly."

    • 13 Aug · Meeting

      Board of Directors of the company met on August 13, 2007 & among others, transacted the following business : 1) Recommendation of final Dividend of 10% , (post bonus of 1:1) in addition to 10% of pre bonus interim dividend already paid. 2) The Board has decided to hold its Annual General Meeting on September 28, 2007. The Share transfer Books & Register of Members will be closed from September 26, 2007 to September 28, 2007 (both days inclusive). 3) The Board has made allotment of 18,43,750 equity shares to the FCCB bond holders who had exercised the option of conversion. The details of allotment is as under:- i) Name of the FCCB Bond holder - Deutsche Bank AG London; No. of shares allotted - 3,68,750 ii) Name of the FCCB Bond holder - Lehman brothers international (Europe); No. of shares allotted - 7,37,500. iii) Name of the FCCB Bond holder - Lehman brothers international (Europe); No. of shares allotted - 7,37,500. 4) The Board has made preferential allotment of 1.35 crore warrants to the following entities based on the approvals obtained from the Stock Exchanges. i) Name of the Allottee - Mr. K. Surya Rao; No. of warrants allotted - 16,00,000. ii) Name of the Allottee - Max Worth Investments; No. of warrants allotted - 41,00,000. iii) Name of the Allottee - Bennett & Coleman Co. Ltd.; No. of warrants allotted - 3,00,000. iv) Name of the Allottee - Rays Global Corporation; No. of warrants allotted - 41,00,000. v) Name of the Allottee - SRY crust; No. of warrants allotted - 34,00,000.

    • 10 Aug · Board meeting

      Inter alia to transact the following. (1)Annual General Meeting related matters. (2)Recommendation of Dividend for the Year ending March 31, 2007. (3)Considering the allotment of shares for FCCB conversion received. (4)Allotment of warrants on preferential basis.

  5. Jul 2007

    • 30 Jul · Issue of FCCB/Others

      July 30, 2007 that the Board of Directors of Karuturi Networks Ltd., Bangalore met today and inter-alia transacted the following: (1) Cessation of the Directorship of Mr. Dhirendra Kumar. (2) Board has proposed to raise USD 100 Million through issue of FCCBs.

    • 16 Jul · Board meeting

      Pursuant to the members approval, the Board of Directors at their meeting held on July 14, 2007 has allotted 737500 equity shares to the FCCB holders who have exercised the option of conversion. 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.

    • 16 Jul · Board meeting

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

    • 12 Jul · Board meeting

      Inter alia be considering the allotment of equity shares to those bond holders who have exercised the option of converting their FCCB's into equity.

  6. Jun 2007

    • 4 Jun · Results

      With reference to its Postal Ballot Notice dated April 30, 2007, postal ballot closed on May 31, 2007 and the scrutinizer has submitted his report on the postal ballot to the Chairman of the company on June 01, 2007. Based on the report the chairman has declared that the resolutions were passed with requisite majority. 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. May 2007

    • 18 May · Business

      Karuturi Networks limited has acquired 100% Stake and Management Control in Estel communications Private Limited, a Delhi Based, Category A Internet Service Provider which was jointly promoted by a Nasdaq listed company and a Delhi group, focusing on providing end to end Network Solutions to several Corporates in the IT and ITES sector.With, this acquisition Karuturi will have a head start to expand into several locations across India.This acquisition attains significance as it helps expand the client base and provide a major boost to the companies Internet Services and Network business

    • 15 May · Meeting

      Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 the Special Resolutions are to be passed by the members through Postal Ballot. The Company has appointed Mr. Vijayakrishna K.T., Company Secretary as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The duly completed postal ballot form should reach the Scrutinizer not later than the close of working hours on May 31, 2007. The result of the Postal Ballot will be announced on June 02, 2007. A copy 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 May · Business

      Board of Directors of Karuturi Networks Ltd has approved acquisition of a company involved in ISP business based in Delhi. This move will enable the company establish a Pan India foot print and place the company in the list of the most elite broad band service providers in the country and will contribute significantly to the revenues and bottom line of the company starting from the second half of this financial year

    • 3 May · Board meeting

      Board of Directors of the company met on April 30, 2007 and inter-alia transacted the following: 1) The Board recommended issue of Convertible Warrants and for this purpose, approval of Share holders will be by postal ballot. 2) The Board has made allotment of Bonus shares in the ratio of 1:1 to all the share holders whose names appeared on the register of members of the company as on 25.04.2007.