Valecha Engineering share news and announcements
BSE: 532389Construction
Trading suspended since 20 Jun 2017
Last traded ₹19.20 on 19 Jun 2017
Valecha Engineering share news and announcements
1,137 announcements, routine notices left out, newest first. Page 23 of 23.
Jul 2008
1 Jul · Board meeting
To consider the following: 1) To take on record the unaudited financial results for the quarter ended June 30, 2008. 2) To consider issue of bonus shares.
Jun 2008
20 Jun · Board meeting
To consider the following: (1) To consider the Audited Financial Results for the quarter ended March 31, 2008 and for the financial year ended March 31, 2008. (2) To consider dividend.
Apr 2008
9 Apr · Results
The Audited Results for the quarter i.e. quarter ended on 31st March, 2008 and Audited Financial results for the year ended 31st March, 2008 will be published within a period of 3 months from the end of last quarter of this financial year
Mar 2008
26 Mar · Updates
Valecha Engineering Limited has bagged Projects worth Rs.250.00 crores. 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.10 Mar · Management
Mr. Syam Prasad Reddy has resigned as a Non- Executive Director w.e.f. November 29, 2007.
Feb 2008
12 Feb · Meeting
At the Extra Ordinary General Meeting called on 11.02.2008, it was decided that considering the market conditions / sentiments & representation made by various share holders and allottees, the 19,00,000 warrants would not be issued to promoters and other entities as mentioned in the resolution and the resolution/ issue was withdrawn with the unanimous consent of the shareholders. The same would be taken up at a more appropriate time.
Jan 2008
25 Jan · Meeting
Notice of Extra Ordinary General Meeting to be held on February 11, 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.23 Jan · Board meeting
Meeting on 30 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”12 Jan · Board meeting
"At the Board Meeting held on 11th January 2008 it has been decided to issue Convertible Warrants into Equity Shares on Preferential basis to the Promoters/Promoter group and other investors upto 19,00,000 warrants at a price not lower than the minimum price specified as per SEBI Guidelines for Preferential Issue under SEBI (Disclosure and Investor Protection) Guidelines, 2000 but not less than Rs.322/- per equity share". The Company has further informed the Exchange that the above is subject to approval of members at the General Meeting and other authorities. The Extra Ordinary General Meeting to approve the above will be held on February 11, 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.3 Jan · Board meeting
To consider issue of equity shares and/ or warrants on preferential basis to the identified investors and promoters.
Nov 2007
14 Nov · Miscellaneous
Valecha Engineering Limited has bagged Projects worth Rs.100.00 crores: Valecha Engineering Limited a Leading Infrastructure Development Company has recently bagged new projects worth Rs.100.00 crores which includes additional works of Integrated Road Development Project (IRDP) at Pune and Udaipur Tunnel Project at Udaipur. VEL has an organization structure in place with professional management and latest state-of-art machinery with a constant up gradation as a corporate philosophy. The Company is well positioned for rapid growth with the infrastructure being given the necessary attention in the economy since the recent past
Oct 2007
16 Oct · Board meeting
Meeting on 26 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”15 Oct · Corporate action
On the Board Meeting held on 11th October, 2007, the board has allotted Bonus shares
Sep 2007
5 Sep · Meeting
Proceedings of the Annual General Meeting of the Company held on September 03, 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.4 Sep · Corporate action
At the Board Meeting held on September 03, 2007, the record date has been fixed for October 05, 2007 for the purpose of determining the entitlement of the Bonus Shares. Further, a copy of the resolution passed by the Members of the Company at the Annual General Meeting held on September 03, 2007 for Bonus shares 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 · Raising of Funds
Subject to approval of the shareholders to raise funds through ADR/GDR/FCCB upto 200.00 crores.31 Jul · Meeting
Annual General Meeting of the Company will be held on September 3, 2007. The Register of Members and Share Transfer Books of the Company will remain closed from August 22, 2007 to September 3, 2007 (both days inclusive). The dividend recommended by the Board is 10% i.e. (Re. 1.00 per share).30 Jul · Corporate action
Board of Directors at their Meeting held on July 30, 2007 has recommended a Bonus in the ratio of 1 Share for every 2 Shares held.2 Jul · Board meeting
To consider the following: (1) To take on record the Unaudited Financial Results for the quarter ended June 30, 2007. (2) To consider issue of Bonus shares.2 Jul · Dividend
Board of Directors of the Company at their meeting held on June 29, 2007 has recommended for the approval of members a Dividend of Rs.1.00 per share for the year ended March 31, 2007. The board has decided to reconvene shortly to consider recommendation of Bonus shares.
Jun 2007
20 Jun · Management
The Mr. Shailesh Haribhakti has resigned as an Alternate Director w.e.f. 07.05.200720 Jun · Board meeting
To consider the following: (1) To consider and take on record Audited Financial Results for the quarter ended March 31, 2007 and for the financial year ended March 31, 2007. (2) To consider dividend.
Apr 2007
19 Apr · Allotment of Warrants
Pursuant to the resolution passed by the members at the Extra Ordinary General meeting held on 7th March, 2007, the Board of Directors at their meeting held today, (i.e. April 18, 2007) have allotted the following warrants : (1) Name of allottees : M/s Valecha Investments Pvt Ltd, Number of Warrants : 4,40,000; (2) Name of allottees : Mr. Ramchand H Valecha, Number of Warrants : 10,000; (3) Name of allottees : Mr. Vausdev P Valecha, Number of Warrants : 2,000; (4) Name of allottees : Mr. Prakash H Valecha, Number of Warrants : 10,000; (5) Name of allottees : Mrs. Lata V Valecha, Number of Warrants : 8,000; (6) Name of allottees : Mr. Anil Harish, Number of Warrants : 20,000; (7) Name of allottees : Mr. Arvind Thakkar, Number of Warrants : 20,000; (8) Name of allottees : Ms. Roopa Ramachandran, Number of Warrants : 20,000; Total : 5,30,000.19 Apr · Allotment of shares
Pursuant to the resolution passed by the members at the Extra Ordinary General Meeting held on 5th October, 2005, for which the in-principle approval was received, the board of Directors at their meeting held today (i.e. April 18, 2007) have allotted 6,51,000 shares of Rs. 10/- each, on conversion of 6,51,000 warrants issued at Rs. 199.55 which have been fully paid up. The shares have been allotted to the following allottees from whom the balance issue price of Rs. 179.60 per warrant is received : (1) M/s Valecha Investments Pvt Ltd, No. of shares : 3,36,000; (2) Worth Buying Trading Pvt limited, No. of shares : 90,000; (3) Occation Impex Pvt Ltd, No. of shares : 225000; Total : 6,51,00018 Apr · Miscellaneous
Valecha Engineering Limited, a leading Infrastructure Development Company, continues to outperform the Industry, given its size and investment in technology. VEL (Valecha Engineering Limited) has recently bagged new Projects worth Rs. 100 crores which include road works at New Delhi, Punjab, and Arunachal Pradesh and Diaphragm Wall works for Delhi Metro Rail Corporation Limited. This takes its order book position close to 1000 crores mark. Most of the order book is executable in 18 to 24 months which will ensure sustainable growth at higher than industry averages over next couple of years. The top line includes on shore and off shore turnover which is targeted to reach Rs.450 crores. VEL has an organization structure in place with professional management and latest state-of-art machinery with a constant up gradation as a corporate philosophy. The Company is well positioned for rapid growth with the infrastructure being given the necessary attention in the economy since the recent past. Valecha Engineering Limited from being pan India presence in major infrastructure projects has embarked in the middle east in the name of 'Valecha -Gulf'. The Company has acquired plant and machinery and resources worth USD 5 million for its middle east projects and has Rs.100 crores for the works on hand of ground engineering and Villa projects. The key projects are: 1) Palms Jumera Projects Island. 2) Foundation for sky scraper Towers13 Apr · Results
The audited Results for the quarter i.e. quarter ended on 31st March, 2007 and Audited Financial results for the year ended 31st March, 2007 will be published within a period of 3 months from the end of the last quarter of this financial year
Mar 2007
28 Mar · Miscellaneous
Valecha Engineering Limited a leading Infrastructure Development Company has acquired 21.15 acres land at Bhawdi, Taluka : Haveli, Dist - Pune for its operation & development. The Company is looking at providing Real Estate solution which will cater to the countries commercial and residential market. The Company is looking at IT/BPO buildings, malls and other commercial and development. The Company will starts its real estates activities from Maharashtra and plans to gradually shift to other parts of the Country The above acquisition is a successful step in this direction8 Mar · Meeting
Proceedings of Extra Ordinary General Meeting of the members of the Company held on March 07, 2007, as follows:- (1) At the outset , as the required quorum was present the Chairman called the meeting to order. (2) The Managing Director gave brief highlights of the recent developments of the Company and the Chairman invited the members to ask queries and the Managing Director replied to their satisfaction and then proceeded with the agenda. (3) The following special business was transacted and the resolutions were passed :- (a) increase in Authorised Share Capital from Rs 10 Crores to Rs 20 Crores and alteration in Memorandum of Association . (b) Alteration in the Articles of Association . (c) issue of 10,00,000 warrants to promoters and other entities on preferential basis. (d) issue of 5,00,000 shares to the benefit of Koon Holdings Limited on Preferential basis. (e) approval to Keep the Register of members and other statutory documents with TSR Darashaw LTD at their changed address.2 Mar · Miscellaneous
This is to clarify that Valecha Engineering Limited, a leading infrastructure development and construction company has not availed any benefits under section 80-IA provision of Income Tax, since its inception. As a result, the 80-IA announcement made during the budget will not have direct impact on the company's operations
Feb 2007
27 Feb · Allotment
February 27, 2007 that "A meeting of the Board of Directors was held today for allotment of 3,74,000 shares of Rs. 10/- each, on conversion of 3,74,000 warrants issued at Rs. 199.55 which have been fully paid up. The shares have been allotted to the following allottees from whom the balance issue price of Rs. 179.60 per warrant is received: (i) Name - Valecha Investments Private Ltd. No. of Shares - 3,64,000. (ii) Name - Worth Buying Trading Pvt Limited. No. of Shares - 10,000. Total No. of Shares - 3,74,000."21 Feb · Meeting
Notice of the Extra Ordinary General Meeting to be held on March 07,2007. 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.20 Feb · News Verification
News Verification : The media had reports that Valecha Engineering Limited may reshuffle its shareholding pattern. 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. Valecha Engineering Limited has vide its letter inter-alia stated, "Valecha Engineering Limited holds about 9% shares in Jyoti Structures Limited. Part of this holding has been transferred to the subsidiary of Valecha Engineering Limited i.e. Valecha Infrastructures Limited. It is intended to transfer the balance holding in the near future. As informed earlier, Valecha Engineering Limited has signed an agreement to acquire majority stake in Koon Holdings Limited, a company incorporated in Singapore. On clearence of the transaction, Valecha Engineering Limited will strategize to bid for Marine and Reclamation and Metro Rail works along with Koon Holdings Limited."7 Feb · Business
(iii) To increase the authorised capital from Rs.10.00 crores divided in to 100,00,000 equity shares of Rs.l0/- each to Rs.20.00 crores divided into 2,00,00,000 equity shares of Rs.10/- each. The above is subject to approval of members at the General Meeting and other regulatory authorities, if required. The Extra Ordinary General Meeting to approve the above will be held on Wednesday, 7th March, 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 Feb · Business
"At the Board Meeting held on 6th February, 2007 the following has been decided: (1) Valecha Engineering Limited ( VEL) is pleased to announce that it has signed an Agreement with Koon Holdings Limited a Company incorporated in Singapore to acquire controlling stake in Koon Holding Limited and to form alliance in international business interests, subject to satisfactory due diligence and all relevant regulatory, stock exchange and shareholder approval. Under the Agreement, Koon will acquire a stake in VEL and its subsidiary Valecha Infrastructure Limited and of VEL's international assets in Dubai. In return Koon shall issue 124,000,000 ordinary new shares to VEL making its holding above 60% in Koon. In addition VEL shall also be granted 20,000,000 warrants, Upon completion of the transaction, Koon will own VEL's international interest, about 48% shares of Valecha Infrastructure Ltd ( VIL) and about 5% shares of VEL whilst VEL will own about 60% of Koon's enlarged share capital. (i) To issue upto 5,00,000 equity shares of Rs.10/- each for the benefit of Koon Holdings Limited at an issue price of Rs.300/- (including premium of Rs.290/-) aggregating to Rs.15.00 Crores (Rupees Fifteen Crores) as per the above arrangement. (ii) Issue of Convertible Warrants into Equity Shares on Preferential basis to the following Promoters and other investors upto 10,00,000 warrants of Rs.10/- each (face value) at a premium of Rs.290/- aggregating to Rs.30.00 crores (Rupees Thirty Crores).5 Feb · Board meeting
Board Meeting, was held today, 5th February, 2007 but the decision on organic or inorganic growth opportunities in India or Overseas has been deferred to tomorrow and the Board will meet tomorrow, the Tuesday, 6th February, 2007 to discuss the same. At the meeting to be held on Tuesday, 6th February, 2007 the board would also consider issue of Preferential Warrants to promoters and other entities in addition to the above item.
Jan 2007
30 Jan · Board meeting
To consider evaluating organic or inorganic growth opportunities in India or Overseas".17 Jan · Board meeting
Meeting on 30 Jan 2007: “Unaudited Financial Results for the quarter ended Dec 31, 06”