KLG Systel (Delisted) share news and announcements
BSE: 531269
Last traded ₹3.87 on 27 Dec 2013
Delisted on 1 Dec 2017.
KLG Systel board meetings
51 filed, newest first. Page 1 of 2.
Aug 2013
5 Aug · Board meeting
Company had informed the Exchange that the Board of Directors of the Company, after discussing the financial statements for the year ended/ as at March 31, 2013, were of the view that certain important issues had to be resolved before the financial statements could be finalized such that the financial statements provide true and fair view of the financial position of the Company.Accordingly, the meeting of the Board of Directors of the Company was adjourned to August 03, 2013, by which time the important issues are expected to be resolved. The Company has now informed the Exchange that "The meeting of the Board of Directors held on August 03, 2013 was adjourned to August 19, 2013, because the Audit is delayed due to lack of accounting staff in the Company as all the employees of the company have been terminated w.e.f. March 31, 2013. As per our Auditors the Audited Results will be finalized by August 19, 2013 for approval by Board. Hence next board meeting is going to be held on August 19, 2013." Further, the Company has informed the Exchange that "The company had received letter from Mr. Vijoy Kumar intimating his resignation from office of Director of the Company from July 22, 2013 and the said resignation has been accepted by the Managing Director on July 23, 2013. As a result of resignation of Mr. Vijoy Kumar the total strength of the Board of Directors of the Company has reduced to one, which is less than the minimum number of directors statutorily required for a public limited company. The Company is making efforts to appoint new persons as directors of the Company, which act is likely to take time as persons are unwilling to be appointed as director of the Company due to reasons cited in our earlier letter dated May 20, 2013."
Jul 2013
29 Jul · Board meeting
Company had informed the Exchange that the Board of Director of the Company after discussing the various issues in the financial statement for the year ended March 31, 2013, come across the conclusion that the issues need to be resolved further to provide true and fair view of the financial position of the Company. Therefore it is requested by the Board of the Director of the Company to adjourn the board meeting to July 26, 2013. The company has now informed that the Board of Directors of the Company, after discussing the financial statements for the year ended/ as at March 31, 2013, were of the view that certain important issues had to be resolved before the financial statements could be finalized such that the financial statements provide true and fair view of the financial position of the Company.Accordingly, the meeting of the Board of Directors of the Company was adjourned to August 03, 2013, by which time the important issues are expected to be resolved.26 Jul · Board meeting
Company had informed the Exchange that the Board and Audit Committee meetings for approval of yearly results for the financial year 2012-13 was going to be held on July 23, 2013. The Company has now informed the Exchange that the Board of Director of the Company after discussing the various issues in the financial statement for the year ended March 31, 2013, come across the conclusion that the issues need to be resolved further to provide true and fair view of the financial position of the Company. Therefore it is requested by the Board of the Director of the Company to adjourn the board meeting to July 26, 2013.4 Jul · Board meeting
Board and Audit Committee meetings for approval of yearly results for the financial year 2012-13 was going to be held on July 23, 2013.
May 2013
15 May · Board meeting
Meetings of Audit Committee and Board of Directors of the Company is scheduled to be held on May 29, 2013 for approval of yearly results for the financial year 2012-13.
Jan 2013
30 Jan · Board meeting
Inter-alia to consider and approve the Unaudited Quarterly Financial Results for the quarter ended December 31, 2012.
Nov 2012
1 Nov · Board meeting
Meeting of Audit Committee and Board of Directors of the Company are scheduled to be held on November 10, 2012 inter-alia to consider and approve the Unaudited Quarterly Financial Results for the quarter ended September 30, 2012.
Feb 2012
15 Feb · Board meeting
Company had informed the Exchange that a meeting of the Board of Directors of the Company will be held on February 10, 2012, inter-alia to consider unaudited financial results of the Company for the quarter ended December 31, 2011. The Company has now informed the Exchange that the aforesaid Board Meeting has been postponed and shall now be held on February 11, 2012.
Oct 2011
12 Oct · Board meeting
Meetings of Audit Committee and Board of Directors of the Company are scheduled to be held on October 22, 2011 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on September 30, 2011.
Jul 2011
26 Jul · Board meeting
Meetings of Audit Committee and Board of Directors of the Company are scheduled to be held on August 10, 2011, inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on June 30, 2011.
Apr 2011
28 Apr · Board meeting
Meetings of Audit Committee and Board of Directors of the Company is scheduled to be held on May 21, 2011 to consider and approve the Audited Financial Results for the financial year ended March 31, 2011.
Feb 2011
1 Feb · Board meeting
Inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on December 31, 2010.
Jan 2011
18 Jan · Board meeting
In the Board Meeting held on January 17, 2011, the Board of Directors of the Company has been reconstituted to strengthen the Software and Power domain ....
Nov 2010
23 Nov · Board meeting
Board of Directors of the Company at its meeting held on November 13, 2010, inter alia, transacted following business: 1. Appointment of ....23 Nov · Board meeting
Board of Directors of the Company at its meeting held on November 13, 2010 have transacted inter-alia following business : (1) Appointment of Mr. Mukesh Arora as Chief Executive Officer (CEO) of Life Cycle and Software Division of the Company; (2) Approve the Postal Ballot Notice for seeking shareholders approval for the appointment of Mrs. Ritu Goel and Mrs. Upasana Goel as executives of the Company.8 Nov · Board meeting
Company had informed the Exchange that a meeting of the Board of Directors of the Company will be held on November 14, 2010 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on September 30, 2010. The Company has now informed the Exchange that the meeting of Board of Directors of the Company is pre-poned to November 13, 2010 from November 14, 2010 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on September 30, 2010.Not held on this date
2 Nov · Board meeting
Meetings of Audit Committee and Board of Directors of the Company are scheduled to be held on November 13, 2010 and November 14, 2010 respectively inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on September 30, 2010.
Aug 2010
14 Aug · Board meeting
Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, has transacted the following business: 1. Appointment ....6 Aug · Board meeting
Company had informed the Exchange that the meetings of Audit Committee and Board of Directors of the Company is scheduled to be held on August 07, 2010 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on June 30, 2010. The Company has now informed the Exchange that the meetings of Audit Committee and Board of Directors has been rescheduled and will be held on August 14, 2010 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on June 30, 2010.Not held on this date
Jul 2010
28 Jul · Board meeting
Meetings of Audit Committee and Board of Directors of the Company are scheduled to be held on August 07, 2010 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended on June 30, 2010.
May 2010
21 May · Board meeting
Inter-alia to consider and approve the Audited Financial Results for the financial year ended March 31, 2010 and to consider the proposal for recommendation of dividend, if any for the year ended March 31, 2010.21 May · Board meeting
Meeting of the Audit Committee and Board of Directors of the Company will be held on May 29, 2010, inter alia, to consider and approve the Audited ....
Jan 2010
22 Jan · Board meeting
Meeting of the Board of Directors of the Company will be held on January 30, 2010, inter alia, to consider the sub-division of the existing equity ....21 Jan · Board meeting
Meeting of Audit Committee and Board of Directors of the Company are scheduled to be held on January 30, 2010 interalia to consider and approve the Un-audited quarterly financial results for the quarter ended on December 31, 2009.
Oct 2009
22 Oct · Board meeting
Meetings of Audit Committee and Board of Directors of the Company are scheduled to be held on October 31, 2009 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended September 30, 2009.
Jul 2009
29 Jul · Board meeting
Klg Systel Ltd. has informed the Exchange that the Board of Directors of the Company in its meeting held on July 29, 2009 transacted inter alia following businesses: 1) Approved the allotment of 20177 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, 2009 in accordance with KLG Employee Stock Option Scheme, 2005. 2) Resolved to re-appointment of Mr. Kumud Goel as Managing Director for a period of 5 years w.e.f. October 01, 2009.20 Jul · Board meeting
Meetings of Audit Committee and Board of Directors of the Company are scheduled to be held on July 29, 2009 inter-alia to consider and approve the un-audited quarterly financial results for the quarter ended June 30, 2009.
Apr 2009
29 Apr · Board meeting
To consider and approve the Audited Financial Results for the financial year ended March 31, 2009 and to consider the proposal for recommendation of dividend, if any for the year ended March 31, 2009.
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.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.
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.
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.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.
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.
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.
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.
Jan 2008
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.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
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.
Jul 2007
23 Jul · Board meeting
Meeting on 30 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”
May 2007
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
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.
Jan 2007
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."