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 5 of 5.
Aug 2007
27 Aug · Business
Klg Systel Ltd. has informed the Exchange regarding a press release titled "KLG Systel Ltd becomes majority shareholder in Atlantis Lab by acquiring 51% Stake". 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.
Jul 2007
31 Jul · Utilisation of Funds
Klg Systel Ltd. has informed the Exchange that : "The Company raised USD 22.00 million from issue of FCCB in March 2007. The Company have utilised proceed amounting to USD 5.50 million in its expansion plan / new projects. USD 16.50 millions is still lying in fixed deposit outside India."30 Jul · Allotment of shares/ others
Klg Systel Ltd. has informed the Exchange that the Board in its meeting held on July 30, 2007 transacted inter alia following business: (1) Allotment of 13800 fully paid up 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 granted on April 12, 2006 in accordance with KLG Employee Stock Option Scheme, 2005. (2) Resolved to appoint Mr. Mukesh Arora, present CEO of the company as Whole Time Director of the company with effect from August 01, 2007.23 Jul · Board meeting
Meeting on 30 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”23 Jul · Miscellaneous
Klg Systel Ltd. has informed the Exchange that: "Ranked 43 on the market cap index at Rs.430 crore, by IT magazine DATAQUEST (a cyber Media Publication), KLG Systel makes its presence felt among the premier league of TOP 200 Indian IT Brands. DQ Top 200 ranking is in all practicality the only such ranking available on and accepted by the India IT industry. Making space for itself among the barons of this industry - TCS, Infosys, Wipro, etc. - KLG Systel has emerged as a strong contender in the specialized products space in its own right. The company stands apart from the general trend that the DQ Top 200 reflects of the industry's larger export orientation and a 'services' phenomenon. KLG Systel has been identified as a company whose focus is the Indian market and 'rising high on the domestic turf'. KLG Systel is ranked fourth in revenue generation during the fiscal 2006-07 as compared to 2005-06 with a growth of 136%. The company secured this position based on its deep domain expertise and its relentless R&D and continuous growth".2 Jul · Miscellaneous
Klg Systel Ltd. has informed the Exchange that: "KLG Systel Ltd; Power Systems and Solutions Division has developed the portfolio of SG61, Vidushi and Connectgaia.com technologies on IBM Websphere platform for addressing the AMR, AMM, Power Utility, Power Distribution & Optimization and Demand Side Management Market. As a Partner of SAP India, KLG has also achieved SAP's "Powered by Netweaver" and "Certified on Netweaver" certification for its Vidushi and SPInterlink software. The company recently bagged two major orders from Shree Cements and Jamshedpur Utilities and Services Company Limited (JUSCO) for approximately Rs 4 Crores. JUSCO is a subsidiary of Tata Steel. All the technologies developed by KLG shall be used as part of three projects. The adoption of the company's technology by large private sector enterprises is a major landmark for KLG in the Power Sector and a significant development".
Jun 2007
22 Jun · Business
Klg Systel Ltd. has informed the Exchange regarding a press release dated June 22, 2007, titled "KLG Systel reconstituted its Board of Directors". 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.21 Jun · Allotment of warrants/others
Klg Systel Ltd. has informed the Exchange that : "The Board of Directors of the Company in its Meeting held today, i. e. June 20, 2007 have allotted 5,00,000 (Five Lacs only) warrants to the strategic investors of the Company namely Godman Sachs (Asia) Finance - 350,000 warrants and BNP Paribas Arbitrage Ltd. - 150,000 warrants in compliance with the Special Resolution passed at its Annual General Meeting of the Company held on June 07, 2007 on Preferential basis @ 362 per warrant convertible at the option of the warrants holder into equity shares of Rs. 10/- each at a premium of Rs. 352/- per share, within a period of 18 months from the date of allotment, in accordance with the provision of Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf. The Board has further appointed Mr. Subir Raha and Mr. V. S.Jain as additional Director of the Company in the capacity of an Independent and Non-executive Director with effect from today i. e. June 20, 2007".11 Jun · Meeting
Klg Systel Ltd. has submitted to the Exchange the Minutes of the Annual General Meeting of the Company held on June 07, 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.7 Jun · Meeting
Klg Systel Ltd. has informed the Exchange that the Shareholders of the Company in its Annual General Meeting held on June 07, 2007 had passed the resolution as per the Notice of the AGM. 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.
May 2007
30 May · Business
Klg Systel Ltd. has informed the Exchange regarding a press release dated May 30, 2007, titled "KLG Systel unveils www.connectgaia.com - The Intelligent Electricity Platform to Manage Energy Crisis and Global Warming - The convergence of Internet & Power networks to unveil a viable solution for energy demand management and sustained development; Revolutionary technology that empowers consumers to manage electricity better and optimize usage". 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.7 May · Corporate action
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on May 07, 2007 transacted the following business:- (1) The Board decided to hold the Annual General Meeting of the Company on June 07, 2007. (2) The register of members and share transfer register shall remain closed from June 04, 2007 to June 07, 2007 (both days inclusive). (3) Allotment of 42,900 fully paid up shares of Rs.10/- each at a premium of Rs.109.58 per share for cash to independent directors/ employees of the company on exercise of options granted on April 12, 2006 in accordance with KLG Employee Stock Option Scheme, 2005. (4) The Board approved the Scheme formulated by the Compensation Committee under KLG Employee Stock Option Scheme, 2007 for grant of options to employees/ directors of the company upto 300,000 options convertible into equal number of shares on vesting and exercise of options in accordance with the scheme after the in-principle approval of stock exchange. The approval for shareholders have already been taken in its Annual General Meeting held on September 08, 2006. (5) Resolved to appoint Mr. K.L. Goel, Whole Time Director as Executive Chairman of the company.7 May · Meeting
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on today, i.e. May 07, 2007 have resolved to issue upto 500,000 warrants convertible into equity shares to strategic investors of the Company namely Goldman Sach (Asia) Finance and BNP Paribas Arbitrage on preferential basis at a price in accordance with provision of the Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf subject to approval of shareholders of the Company by Special resolution in the Annual General Meeting to be held on June 07, 2007.7 May · Utilisation of Funds
Klg Systel Ltd. has informed the Exchange on May 07, 2007 that: "The Company received Rs.279.27 lacs during quarter ended March 31, 2007 from allotment of warrants to promoters. The proceeds of issue have been utilised for creation / development of infrastructure facilities for Research and Development centre and meeting working capital requirements"7 May · Board meeting
Klg Systel Ltd. has informed the Exchange that the Board Meeting of the Company was held on May 07, 2007. Further, the Company have paid an interim dividend on equity shares @25.00% on 10,782,900 equity shares of Rs.10 each fully paid up which is the final dividend for the year.
Apr 2007
21 Apr · Board meeting
Company had informed the Exchange regarding a meeting of Audit Committee and Board of Directors of the Company scheduled to be held on April 28, 2007. The company has now informed the Exchange that: "The meeting of the Audit Committee and Board of Directors has been rescheduled and will be held on Monday, May 07, 2007 in Gurgaon to consider and approve the Audited Financial Results for the financial year ended March 31, 2007 and to consider the proposal for recommendation of dividend, if any, for the year ended March 31, 2007".10 Apr · Board meeting
To consider and approve the Annual Financial Results for the financial year ended March 31, 2007 and to consider the proposal for recommendation of dividend, if any, for the year ended March 31, 2007.
Mar 2007
27 Mar · Raising of Funds
Klg Systel Ltd. has informed the Exchange that " pursuant to the special resolution passed by the shareholders of the Company at its EGM held on February 10, 2007 the company has raised US$22 million by way of issuing Foreign Currency Convertible Bonds. The issue closed on Monday, March 26, 2007. Consequently, the Board of Directors has allotted 2200 Foreign Currency Convertible Bonds of US$ 10,000 each to Goldman Sachs International. The FCCBs will be listed on the Singapore Stock Exchange. Elara Capital Plc, London has been the sole Lead Manager and book runner for the issue".12 Mar · Dividend
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on today, i.e. March 12, 2007 had transacted the following businesses : (1) Declared an Interim Dividend of 25% i.e. Rs. 2.5 per shares to be paid to equity shareholders as on record date i.e. March 23, 2007. (2) Resolved to issue upto 12,50,000 (Twelve Lacs Fifty Thousand only) warrants convertible into equity shares, to strategic investors of the Company on preferential basis in accordance with the provisions of Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf subject to approval of shareholders of the Company by Special resolution in the Extra Ordinary General Meeting. (3) Resolved to change the registered office of the company to Plot No. 70A, Sector-34, EHTP,Gurgaon (Haryana).5 Mar · Board meeting
To consider the payment of Interim Dividend to the shareholders for the financial year 2006-07. The company has further informed the Exchange that for the purpose of payment of interim dividend, if declared, at the Board Meeting of the Company, the Record Date is fixed on March 23, 2007.
Feb 2007
26 Feb · Management
Klg Systel Ltd. has informed the Exchange that the Board of Directors in its meeting held on today i.e. February 24, 2007 have appointed Mr. Prabir Sengupta as additional Director of the Company in the capacity of an Independent and Non-executive Director with effect from today i.e. February 24, 2007.12 Feb · Issue of ADRs/GDRs/Others
Klg Systel Ltd. has informed the Exchange that "The Shareholders of the Company in its Extra ordinary General meeting held on February 10, 2007 had passed the following Special Resolution as per the Notice of the EGM : (1) Aurthorization to Company u/s 81(1A) of the Companies Act, 1956 to raise an amount not exceeding US Dollars 25 Million (United States Dollars Twenty Five Millions only) from Overseas/Domestic Market by issue of ADR/GDR/FCCB or other financial instruments, subject to the compliance of provision of various Laws rules, regulations as may be applicable and subject to the consents/approvals from appropriate authorities in India/Overseas".
Jan 2007
23 Jan · Disclosure
Klg Systel Ltd. has informed the Exchange that Bear Stearns & Co. A/c BSMA Ltd. has sold 1,00,000 shares aggregating to 0.93% of the total paid up capital of KLG Systel Ltd. on January 15, 2007. The mode of sale is Secondary Market Sale and the shareholding of Bear Stearns & Co. A/c BSMA Ltd. after the said sale is 1,87,469 shares aggregating to 1.74% of the total paid up capital of KLG Systel Ltd.18 Jan · Board meeting
Klg Systel Ltd. has informed the Exchange on January 17, 2007 that "the Board of Directors of the company in its meeting held on today, i.e. January 17, 2006 at Gurgaon had passed the resolutions for Allotment of 10,70,000 (Ten Lacs Seventy Thousand only) warrants to the promoters of the company on Preferential basis @ Rs. 261/- per warrant convertible at the option of the warrant holder into equity shares of Rs. 10/- each at a premium of Rs. 251/- per share, which is arrived at in accordance with Chapter XIII of SEBI (DIP) guidelines on Preferential issues, which was earlier approved by the shareholders in its Extra Ordinary General Meeting held on January 05, 2007."16 Jan · Board meeting
Company had informed the Exchange that a meeting of the Board of Directors was scheduled to be held on Thursday, January 18, 2007 to consider allotment of 10,70,000 warrants to promoters on preferential basis. The Company has now informed the Exchange that the said Board Meeting has been rescheduled to be held on Wednesday, January 17, 2007 at 7 P.M. The approval of shareholders under section 81 (1A) of the Companies Act, 1956 has been obtained in the Extra Ordinary general Meeting of the Company held on January 05, 2007.16 Jan · Board meeting
Meeting of the Board of Directors is scheduled to be held on Thursday, January 18, 2007 to consider allotment of 10,70,000 warrants to promoters on preferential basis. The approval of shareholders under section 81 (1A) of the Companies Act, 1956 has been obtained in the Extra Ordinary general Meeting of the Company held on January 05, 2007.9 Jan · Board meeting
Klg Systel Ltd. has informed the Exchange that "the Board its meeting held on today, January 08, 2007 had taken on record the unaudited Quarterly results of the Company for the Quarter ended on December, 31, 2006 after review by Audit Committee and limited review of auditors. The Board in its meeting held on today also considered to raise funds upto US $ 25 Million from Overseas /Domestic market by issue of ADR/GDR/FCCB or other financial instruments, subject to the approval of the shareholders of the Company in its Extra Ordinary General Meeting scheduled to be held on February 10, 2007."5 Jan · Meeting
Klg Systel Ltd. has informed the Exchange that "the Shareholders of the Company in its Extra Ordinary General meeting held on today, i.e. January 05, 2007 at Gurgaon had passed the resolution as per the Notice of the EGM for following purposes: (1) Appointed Mrs. Ritu Goel as Director of the company under section 257 of the companies Act, 1956 who was earlier appointed as Additional Director of the company by the Board of Directors in its meeting held on October 19, 2006. (2) Approval of appointment of Mrs. Ritu Goel as Whole Time Director designated as Director (Business Development) and approving her remuneration w.e. f. October 19, 2006. (3) Authorization to Company u/s 81(1A) of the Companies Act, 1956 to issue 10,70,000 (Ten Thousand Seventy Lakhs only) warrants to the promoters of the Company namely Mr. Kumud Goel, Mrs. Upasana Goel, Mrs. Ritu God and Mrs. Pushap Lata Goel and KLG Computers Private Ltd. on preferential basis @ Rs.261/- per warrant convertible at the option of the warrant holder into equivalent number of equity shares of Rs. 10/- each at a premium of Rs. 251/- per share, being the price with respect to the relevant date, i.e., December 05, 2006, being the date 30 days prior to the date of Extra ordinary general meeting of shareholders i.e. January 05, 2007, in accordance with the provisions of Chapter XIII on preferential issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 in this behalf.5 Jan · Meeting
(4) Authorization to the Board of Directors under section 293 (1) (d) of the Companies Act, 1956 to borrow any sum or sums of money from time to time which together with moneys already borrowed by the Company (apart from temporary loans obtained from the Company's Bankers in the ordinary course of business) may exceed, at any time the aggregate of the Paid-up Capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, by a sum not exceeding Rs. 150 Crores (Rupees One Hundred Fifty Crores)".
Dec 2006
29 Dec · Board meeting
A meeting of Audit Committee and Board of Directors of the Company is scheduled to be held on Monday, January 08, 2007 at 11.00 A.M. and 12 Noon respectively at Gurgaon to consider and approve the un-audited quarterly financial results for the quarter ended December 31, 2006.