KLG Systel (Delisted) share news and announcements
BSE: 531269
Last traded ₹3.87 on 27 Dec 2013
Delisted on 1 Dec 2017.
KLG Systel share news and announcements
230 announcements, routine notices left out, newest first. Page 4 of 5.
Feb 2009
18 Feb · Updates
Klg Systel Ltd. has informed the Exchange that the Power System Solution (PSS) Division of the company has been awarded order of Rs. 30 Crores from Uttar Haryana Bijli Vitran Nigam Limited (UHBVN) for thirteen (13) new 33 KV Substations alongwith 33 KV and 11KV lines on turnkey basis.12 Feb · Disclosure
Klg Systel Ltd. has submitted to the Exchange a disclosure pursuant to Regulation 8A(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. Further, the company has informed that the Promoters of KLG Systel Limited have pledged 4,00,000 equity shares(3.18% of total equity) of the Company, out of shares held by them, in order to secure a loan of Rs. 15 crores sanctioned to the Company by IDBI Bank Limited. 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.9 Feb · Disclosure
Klg Systel Ltd. has submitted to the Exchange a copy of the disclosure required under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, giving details of Initial disclosure of Pledge of shares by the Promoters and Promoters Group. 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 Feb · Limited Review Report
KLG Systel Ltd. has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31, 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.
Jan 2009
23 Jan · Board meeting
Klg Systel Ltd. has informed the Exchange that the Board of Directors at its meeting held on January 23,2009 have approved in principle the proposal to explore the opportunity to buyback its outstanding Foreign Currency Convertible Bonds (FCCBs) aggregating USD 16 million either out of its Internal Accruals through approval route or out of Foreign Currency funds raised through ECBs under Automatic Route, subject to the prevailing market condition and availability of funds. The approval of the Board is subject to the compliance of the Reserve Bank of India ('RBI') Guidelines prescribed under the RBI circular no. A. P. (DIR Series)-Circular No.39 dated December 08, 2008 as amended from time to time.23 Jan · Results
KLG Systel Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 5702.54 lacs for quarter ending on 31-DEC-2008 against Rs. 6026.96 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 547.05 lacs for the quarter ending on 31-DEC-2008 against Rs. 864.18 lacs for the quarter ending on 30-SEP-2008.14 Jan · Board meeting
Meeting of Audit Committee and Board of Directors of the Company are scheduled to be held on January 23, 2009, inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended December 31, 2008.12 Jan · Updates
Klg Systel Ltd. has informed the Exchange that : "The Power System Solution (PSS) Division of the Company has been awarded repeat order aggregating Rs. 30.60 Crores from Uttar Haryana Bijli Vitran Nigam (UHBVN) for EPC project".
Nov 2008
26 Nov · Updates
Klg Systel Ltd. has informed the Exchange that "The Power System Solution (PSS) Division of the Company has been awarded order of Rs. 8.36 crores from West Bengal State Electricity Distribution Company Limited for the billing software and services for nearly 3.64 lac consumers."26 Nov · Management
Klg Systel Ltd. has informed the Exchange that Mr. Sundararajan Govindarajan has been appointed as an Independent and Non-executive Director on the Board of Directors of the Company w.e.f. November 25, 2008.18 Nov · Limited Review Report
Klg Systel Ltd. has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended 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.6 Nov · Updates
Klg Systel Ltd. has informed the Exchange that "The Power System Solutions (PSS) Division of the Company has been awarded orders of Rs.132 crores from Punjab State Electricity Board under Rajiv Gandhi Gramin Vidyutikaran Yojna for design, engineering, erection and commissioning of 11 KV lines, 25 KVA substations and release of around 1.48 lacs new connections to Below Poverty Line (BPL) households".
Oct 2008
16 Oct · Board meeting
Meeting of Audit Committee and Board of Directors of the Company are scheduled to be held on October 25, 2008, inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended September 30, 2008.
Sep 2008
15 Sep · Results
Klg Systel Ltd. has informed the Exchange that the Company has declared the result of Postal Ballot conducted pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001. 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/CorporateAnnouncements). For more details click here.5 Sep · Management
Klg Systel Ltd. has informed the Exchange that Mr. Adarsh Soni has been appointed as an Independent and Non-executive Director on the Board of Directors of the Company w.e.f. September 5, 2008.
Aug 2008
19 Aug · Meeting
Klg Systel Ltd. has informed the Exchange that as per Section 192A of the Companies Act, 1956 read with The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, as amended, from time to time, consideration and approval is sought for the following special resolution through postal ballot: (1) Special Resolution under Section 31 of the Companies Act, 1956 to approve alteration of the Articles of Association of the Company by insertion of New Article no.64A relating to authority to Buy back the shares of the Company under Sections 77A, 77AA and 77B of the Companies Act, 1956. The Company has appointed Mr. Nagesh Kumar, M/s Nagesh Behl & Associates, Chartered Accountants, who has given his consent to act as the Scrutinizer, as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The duly completed Postal Ballot form should reach the Scrutinizer on or before September 09, 2008. The Scrutinizer will submit his report to the Chairman of the Board after completion of the scrutiny and the result of the postal ballot will be announced on or after September 15, 2008. 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.7 Aug · Meeting
Klg Systel Ltd. has submitted to the Exchange a copy of the proceedings of Annual General Meeting of the Company held on July 25, 2008.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 Aug · Updates
Klg Systel Ltd. has informed the Exchange that: "KLG Systel Ltd. has established an office in Singapore to market its Power Solutions in ASEAN, Chinese and Australian Markets. The overseas marketing operations of the region are headed by Mr. Hedley Norrish, formerly Industry Principal Utilities with SAP Asia Pacific".
Jul 2008
28 Jul · Board meeting
Klg Systel Ltd. has informed the Exchange that the Board in its meeting held on July 28, 2008 transacted inter alia following businesses: (1) Approve the alteration of Articles of Association of the Company by insertion of article permitting Buy back of shares by the Company. (2) Approve the Postal Ballot Notice for seeking shareholders approval for alteration of Articles of Association of the Company.25 Jul · Meeting
Klg Systel Ltd. has informed the Exchange regarding the Outcome of Annual General Meeting held on July 25, 2008. 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.17 Jul · Business
Klg Systel Ltd. has informed the Exchange that "KLG Systel Limited has signed an Investment Agreement with IBM Daksh Business Process Services Private Limited (IBM Daksh) for investment of Rs. 120 million in its subsidiary viz. KLG Power Limited. The subscription Price is Rs. 608.96 per share for 1,97,057 Equity Shares of Rs. 10/- each, equivalent to 1.19% of the total share capital of KLG Power Limited on fully diluted basis. The Investment shall be made on fulfillment of conditions precedent in the Investment Agreement".16 Jul · Board meeting
Meeting of Audit committee and Board of Directors of the Company is scheduled to be held on July 28, 2008 interalia to consider and approve the Un-audited quarterly financial results for the quarter ended June 30, 2008.
Jun 2008
12 Jun · Meeting
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on June 12, 2008 has transacted the following business:- (1) Allotment of 5,35,000 fully paid up equity shares of Rs.10/- each at a premium of Rs.251/- per shares upon exercise of conversion option by warrant holders, belongs to promoters group. (2) The Board decided to hold the next Annual General Meeting of the Company on July 25, 2008. (3) The register of members and share transfer register shall remain closed from July 21, 2008 to July 25, 2008 (both days inclusive) for the purpose of the Annual General Meeting and payment of dividend.12 Jun · Updates
Klg Systel Ltd. has submitted to the Exchange a copy of details required under Clause 20 of the Listing Agreement for the year ended March 31, 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.12 Jun · Utilisation of Funds
Klg Systel Ltd. has informed the Exchange vide notes to Audited Financial Results for the year ended March 31, 2008 (taken on record by the Board of the directors of the Company at its Meeting held on June 12, 2008) that the Company raised USD 22.00 million from issue of FCCB in March 2007. The Company have utilised proceed amounting to USD 20.50 million in its expansion plan / new projects. Balance is still lying in current account.12 Jun · Dividend
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company at their meeting held on June 12, 2008 have recommended dividend on fully paid up equity shares of Rs.10 each of the Company @ 27.50%.11 Jun · Results
Klg Systel Ltd. has informed the Exchange that the Chairman of the Company has declared the results of Postal Ballot conducted pursuant to Section 192A of the Companies Act, 1956 read with The companies (Passing of the Resolution by Postal Ballot) Rules, 2001. The details of the results 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.
May 2008
27 May · Board meeting
Meeting of Audit committee and Board of Directors of the Company is scheduled to be held on June 12, 2008 to consider and approve the Audited Financial Results for the financial year ended March 31, 2008 and to consider the proposal for recommendation of dividend, if any for the year ended March 31, 2008.27 May · Disclosure
Klg Systel Ltd. has informed the Exchange that the Compensation Committee in its meeting held on May 26, 2008 has granted options to its employees/Directors. 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.27 May · Allotment of Equity Shares
Klg Systel Ltd. has informed the Exchange that the Board in its meeting held on May 26, 2008 transacted inter alia following businesses : 1) Allotment of 327750 fully paid up equity shares of Rs. 10/- each at a premium of Rs. 390/- per shares upon conversion of FCCBs aggregating US$ 30,00,000 on exercise of conversion option by the Bondholders. 2) Allotment of 58300 fully paid up equity shares of Rs. 10/- each at a premium of Rs. 109.58 per share for cash to employees of the Company on exercise of options vested on April 12, 2008 in accordance with KLG Employee Stock Option Scheme, 2005.21 May · Updates
Klg Systel Ltd. has informed the Exchange that : 1) The Company has received repeat orders aggregating Rs. 47 crores. This brings the total value of the order book for Power System Solutions Division to Rs. 148 crores. 2) The Company has been placed as lowest bidder (L1) for order of Rs. 145 crores, to be awarded in June 2008 to Power System Solutions Division.21 May · Management
Klg Systel Ltd. has informed the Exchange that: "Mr. Utkarsh Trivedi, Company Secretary has resigned from the position of Company Secretary with effect from 10.05.2008 and subsequently, Mr. Jayant Gupta has been appointed as Company Secretary cum Compliance Officer of KLG Systel Limited with effect from 16.05.2008".9 May · Meeting
Klg Systel Ltd. has informed the Exchange that pursuant to Section 192A of the Act, read with The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, as amended, the consent to the shareholders of the Company under Section 293 (1)(a) and 372A (1) of the Act is required to be obtained by way of a postal ballot. The consent of the shareholders of the Company under Section 293(1)(d) of the Act may be obtained by way of a Postal ballot. 1) Ordinary resolution under Section 293(1)(a) of the Companies Act, 1956 to transfer the Power System Solutions division of the Company to KLG Power Limited. 2) Ordinary resolution under Section 293(1)(d) of the Companies Act, 1956 to approve the borrowing limits of the Company up to Rs.500 crore (Rupees five hundred crore), which is in excess of the aggregate of the paid-up capital and free reserves of the Company. 3) Ordinary resolution under Section 293(1)(a) of the Companies Act, 1956 to approve the creation of mortage, charge or hyphothecation on the assets of the Company as security for further borrowings. 4) Special resolution under Section 372A(1) of the Companies Act, 1956 to approve subscription for shares in KLG Power Limited aggregating up to Rs.125 crore (Rupees one hundred twenty five crore), which is likely to be in excess of the higher of 60% of the paid-up share capital and free reserves of the Company and 100% of its free reserves. The Company has appointed Mr. Ranjeet Pandey, Ranjeet Pandey & Associates, Company Secretaries, who has given his consent to act as the Scrutinizer, to conduct the postal ballot process in a fair and transparent manner. The Postal Ballot form duly completed should reach the Scrutinizer on or before June 04, 2008 and not later than on June 04, 2008. The Scrutinizer will submit his report to the Chairman of the Board after completion of the scrutiny and the result of the postal ballot will be announced on June 11, 2008. 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.
Apr 2008
17 Apr · Board meeting
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on April 16, 2008, has resolved as follows: (1) Transfer of the Power Systems Solution (PSS) division of the Company to KLG Power Limited, a subsidiary of the Company in which the Company holds 99% of the share capital, as a going concern by way of a slump sale, subject to the shareholders approval and other approvals under applicable laws and contract with third parties, with effect from April 1, 2008;.(2) Make an investment in KLG Power Limited up to an amount of Rs. 125 crore;(3) Obtain the consent of the shareholders of KLG Systel Limited through postal ballot for following: (i) Transfer of the Power System Solutions division of the Company to KLG Power Limited under Section 293(l)(a) of the Companies Act, 1956 (the "Act"); ii) Increase the borrowing limits of the Company under Section 293(1)(d) of the Act;(iii) Create further mortgage/ hypothecate on the assets of the Company Under Section 293(1)(a) of the Act; and (iv) Invest in the shares of KLG Power Limited under Section 372A of the Act. (4) Give the Executive Chairman and Managing Director power to sign the agreement between TPG Growth India I Limited, KLG Power Limited and the Company, under which TPG will invest an amount of upto Rs. 200 Crores through unsecured Compulsorily Convertible Debentures carrying interest rate of 9.5% in KLG Power Limited for upto 20% holding on diluted basis on the date of conversion. TPG Growth India I Limited, the mid-cap buyout and growth investment platform of TPG is one of the leading global private investment firms".15 Apr · Board meeting
Inter alia, to consider and approve the following : 1) KLG Power Limited is a subsidiary of KLG Systel Limited and KLG Systel Limited holds 99% of the shareholding of KLG Power Limited. KLG Systel proposes to carry out slump sale of its power division assets, liabilities and business to its subsidiary. 2) TPG Growth India Advisors I, based in Mauritius and part of the TPG Private Equity Investment Franchise a US$ 50 Billion Alternative Asset Management group proposes to invest in KLG Power Ltd. through Compulsarily Convertible Debentures, options etc. The above proposed steps shall create value for investors of KLG Systel Limited through additional investment and business synergies to be provided by TPG group.8 Apr · Results
Klg Systel Ltd. has informed the Exchange that "The Company will publish its Audited Financial Results for the financial year 2007-08 within 3 months from the end of last quarter i.e. quarter ending March 31, 2008."
Mar 2008
31 Mar · Board meeting
Klg Systel Ltd. has informed the Exchange vide its letter dated March 29, 2008 that "The Board of Directors of the Company in its meeting held on today, i.e. March 29, 2008 have resolved to allot 5,35,000 (Five Lacs Thirty Five thousand only) shares to the promoters of the Company namely Sh. Kumud Goel, Smt. Upasana Goel, Smt. Ritu Goel, Smt. Pushap Lata Goel and M/s KLG Computers Private Limited in accordance with the special resolution of EGM held on January 5, 2007, arising after conversion of 5,35,000 warrants out of the total of 10,70,000 earlier allotted in the meeting of board of directors held on January 17, 2007".27 Mar · Board meeting
To consider among other items, the allotment of shares arising out of conversion of warrants allotted to promoters.24 Mar · Management
Klg Systel Ltd. has informed the Exchange that Mr. V. S. Jain, Director has resigned as Director of the Company in the capacity of an Independent and Non-executive Director with effect from March 5, 2008. The Company is in the process of appointing a Director in his place.
Feb 2008
8 Feb · Management
Klg Systel Ltd. has informed the Exchange that Utkarsh Trivedi has been appointed as Company Secretary cum Compliance Officer of the Company with effect from February 04, 2008.
Jan 2008
15 Jan · Utilisation of Funds
Klg Systel Ltd. has informed the Exchange vide notes to Unaudited Financial Results for the quarter ended December 31, 2007 (taken on record by the Board of the directors of the Company at its Meeting held on January 14, 2008) that the Company raised USD 22.00 million from issue of FCCB in March 2007. The Company have utilised proceed amounting to USD 18.00 million in its expansion plan / new projects. Balance is still lying in fixed deposit.14 Jan · Board meeting
Klg Systel Ltd. has informed the Exchange that the Board in its meeting held on January 14, 2008 transacted inter alia following businesses: 1) Allotment of 1200 fully paid up shares of Rs.10/- each at a premium of Rs.109.58 per share for cash to employee of the Company on exercise of options granted on April 12, 2006 in accordance with KLG Employee Stock Option Scheme, 2005. 2) Allotment of 327750 fully paid up shares of Rs.10/- each at a premium of Rs.390/- per shares upon conversion of FCCBs to the bondholders on exercise of options by the Bondholders.7 Jan · Management
Klg Systel Ltd. has informed the Exchange that: "Mr. Vinay Kumar, Company Secretary have resigned from the position with effect from 05.01.2008".2 Jan · Board meeting
Inter- alia to consider and approve the un-audited quarterly financial results for the quarter ended December 31, 2007.
Oct 2007
15 Oct · Miscellaneous
Klg Systel Ltd. has informed the Exchange that "KLG Systel has been awarded a contract for implementation of their software Vidushi and Automatic Meter reading (AMR)/ Advanced Metering Infrastructure (AMI) System i.e. SG 61 for Rs.75 Crores by a power distribution utility in India. The system shall be implemented in twelve months and maintained for five years. It shall cover one million power customers for the utility. This system will use KLG Systel's Inetllectual Property Rights (IPR)".3 Oct · Board meeting
Meeting of Audit Committee and Board of Directors of the Company is scheduled to be held on October 15, 2007 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended September 30, 2007.
Sep 2007
18 Sep · Business
Klg Systel Ltd. has informed the Exchange regarding a press release dated September 18, 2007, titled "Klg Systel Ltd. bags Order worth Rs.32.5 Crore". 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.13 Sep · Business
Klg Systel Ltd. has informed the Exchange regarding a press release dated September 13, 2007, titled "connectgaia.com awarded CII National Award for Innovative Energy Saving Product/Services". The details 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.10 Sep · Business
Klg Systel Ltd. has informed the Exchange regarding a press release dated September 10, 2007, titled "Connectgaia.com qualifies for IBM's Service-Oriented Architecture Specialty - IBM SOA Specialty program helps connectgaia.com bridge gap between IT and business". 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.
Aug 2007
29 Aug · Business
Klg Systel Ltd. has informed the Exchange regarding a press release dated August 29, 2007, titled "KLG Systel bags Orders over Rs.67 Crore". 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.