Nava share news, announcements and annual reports
NSE: NAVABSE: 513023PowerSmall Cap
NAVA LIMITED · Formerly Nava Bharat Ventures · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jul 1985 on BSE, Apr 1996 on NSE
Last close ₹516.65up ₹7.85 (1.54%)BSE ₹515.85
Share price at the NSE close on 2 Nov 2026. Previous close ₹508.80.
2 Nov: open ₹508.80, high ₹527.20, low ₹503.00
52-week range of traded prices to 2 Nov 2026
₹456.00Low, 26 Oct 2026₹739.40High, 11 May 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹14,637 Cr386th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 19.36
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.67
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.65%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 9.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.21
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,94,80241.6% delivered
Nava share news and announcements
1,130 announcements, routine notices left out, newest first. Page 22 of 23.
Jan 2009
29 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 28530.16 lacs for quarter ending on 31-DEC-2008 against Rs. 39829.6 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 10108.9 lacs for the quarter ending on 31-DEC-2008 against Rs. 11856.23 lacs for the quarter ending on 30-SEP-2008.24 Jan · Buyback of Shares
JM Financial Consultants Private Limited. has submitted to the Exchange a copy of the reporting published on January 23, 2009, in-terms of regulation 15(i) and 5A(1)(a) of the SEBI (Buyback) Regulations, 1998 for Buyback of equity shares of Nava Bharat Ventures Limited. 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 · Updates
There has been wide speculation in the media concerning Hyderabad Metro Project which is awarded to a consortium consisting of M/s. Maytas Infra Limited (Leader), Nava Bharat Ventures Limited, M/s. Infrastructure Leasing & Financial Services Limited and M/s. Italian-Thai Development PLC. Our Company has received queries regarding status of the project and the Company's position vis-a-vis the project". Further the Company has inform that "The Company has not undertaken any liability concerning the project nor has the Company any subsisting investment on the project as on date. The Company, however, does not wish to speculate on the likely moves of the Government concerning the project which are governed by the Concession Agreement that M/s. Maytas Metro Limited has signed with the owner i.e. Hyderabad Metro Rail Limited, Government of Andhra Pradesh20 Jan · Buyback of Shares
JM Financial Consultants Private Limited. has submitted to the Exchange a copy of the reporting published on January 20, 2009, in-terms of regulation 15(i) and 5A(1)(a) of the SEBI (Buyback) Regulations, 1998 for Buyback of equity shares of Nava Bharat Ventures Limited. 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.19 Jan · Board meeting
Meeting on 29 Jan 2009: “Unaudited Financial Results for the qtr ended Dec 31, 2008”15 Jan · Buyback of Shares
JM Financial Consultants Private Limited. has submitted to the Exchange a copy of the reporting published on January 14, 2009, in-terms of regulation 15(i) and 5A(1)(a) of the SEBI (Buyback) Regulations, 1998 for Buyback of equity shares of Nava Bharat Ventures Limited. 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.12 Jan · Disclosure of shareholding
Vide its letter dated January 09, 2009 regarding a statement of holdings of the Directors and Officers/ Designated Employees in the Cadres above the level of and including Chief Managers and Asst. General Managers and their dependent family members as on December 31, 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.5 Jan · Corrigendum
Corrigendum to the public announcement issued on January 05, 2009 with regard to the proposed Buy-back of equity shares of Nava Bharat Ventures Limited (referred to as "Company") from Open Market through Stock Exchanges. 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.
Dec 2008
23 Dec · Public Announcement - Buyback of Shares
Public Announcement - Offer for Buy-back of Equity Shares. The details of the Buy-back Offer and Offer Price is as follows: Nava Bharat Ventures Limited (the "Company" or "Nava Bharat") hereby announces the Buy-back of its fully paid-up equity shares of the face value of Rs. 2 each ( "Equity Shares"), from the open market using electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") in accordance with the provisions of Section 77A, 77AA and 77B of the Companies Act, 1956 (the "Act") and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the "Buy-Back Regulations") for a minimum of 735,295 equity shares ("Minimum Offer Shares") at a price not exceeding Rs. 170 per Share ("Maximum Offer Price") payable in cash for an aggregate amount not exceeding Rs. 5,000 lakhs ("Maximum Offer Size"). The date of opening of buyback is January 06, 2009 and the last date for the buyback is December 11, 2009 (i.e. 12 months from the date of the board resolution). However, the Board in its absolute discretion may decide to close the Buy-back at an earlier date in the event the Minimum Offer Shares have been purchased under Buy-back, even if the Maximum Offer Size has not been reached, by giving appropriate notice of such date and completing all formalities in this regard as per relevant laws and regulations. There would be a completion of all payment obligations in respect of the Buy-back prior to the last date of the Buy-back.The copy of the Public Announcement - Buy Back of Equity 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.15 Dec · Public Notice - Buy Back of Equity Shares
Has informed the Exchange regarding a Public Notice in compliance with Regulation 5A of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 ("Notice"). Nava Bharat Ventures Limited (the "Company" or "Nava Bharat") hereby announces the Buy-back of its fully paid-up equity shares of the face value of Rs. 2 each ( "Equity Shares"), from the existing owners of Equity Shares (the "Buy-back") other than those who are promoters, promoter group, directors of promoters, persons in control, persons acting in concert, from the open market using electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") in accordance with the provisions of Section 77A, 77AA and 77B of the Companies Act, 1956 (the "Act") and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the "Buy-Back Regulations") at a price not exceeding Rs. 170 per Equity Share ("Maximum Offer Price") payable in cash for an aggregate amount not exceeding Rs. 5,000 lakhs ("Maximum Offer Size"). The copy of the Public Notice - Buy Back of Equity 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.12 Dec · Buyback of Shares
Board of Directors of the Company at its meeting held on December 12, 2008, inter alia, has approved the buyback of Company's fully paid up equity shares of Rs.2/- each from the existing Equity Shareholders from the open market through stock exchanges in accordance with the provisions contained in the Articles of Association of the Company read with Section 77A, 77AA and 77B of the Companies Act, 1956 and the SEBI (Buyback of Securities) Regulations, 1998 at a price not exceeding Rs.170/- (Rupees One hundred and seventy only) per share payable in cash for an aggregate amount not exceeding Rs.50 crores (Rupees fifty crores only). The Maximum Offer size represents 6.29% of the aggregate of the Company's paid up equity capital and free reserves as on March 31, 2008. The number of equity shares bought back would depend upon the average price paid for the equity shares bought back and the aggregate consideration paid for such equity shares bought back.4 Dec · Board meeting
Inter alia, to consider the proposal for Buy-Back of equity shares pursuant to the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998.
Oct 2008
30 Oct · Business
Press release dated October 30, 2008, titled "Q2 Net Sales at Rs. 3,983.0 million, up 157%; Q2 Power Sales at Rs.1,382.2 million, higher by 114.6%; H1 Net Sales up 109.6% at Rs.6,887.7 million; PAT up 122.9%". 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.30 Oct · Results
Standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 68877.27 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 24547.5 lacs for the half year ending on 30-SEP-2008.30 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 39829.6 lacs for quarter ending on 30-SEP-2008 against Rs. 29047.67 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 11856.23 lacs for the quarter ending on 30-SEP-2008 against Rs. 12691.27 lacs for the quarter ending on 30-JUN-2008.18 Oct · Board meeting
Inter alia to consider and approve the Unaudited Financial Results (Provisional) for the Second Quarter ended on September 30, 2008.13 Oct · Disclosure of shareholding
Vide its letter dated October 11, 2008 regarding a Statement of Holdings of the Directors and Officers/ Designated Employees in the Cadres above the level of and including Chief Managers and Asst. General Managers and their dependent family members as on September 30, 2008. The detail 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.
Sep 2008
19 Sep · Change in Nominee Director
IDBI has withdrawn the nomination of Sri N.Krishnan who was appointed in 2007 on the Board of the Company and instead now appointed Sri S.V.Satyanarayana, Deputy General Manager, SME, IDBI Bank Ltd, Hyderabad, vide is letter No.SS-ICG.53/342/Nom.8 dated 1st September, 2008. Hence, Sri S.V Satyanarayana, IDBI, Hyderabad (Independent Director) will be the Nominee Director on the Board of the Company in the place of Sri N. Krishnan, IDBI, Mumbai (Independent director)
Aug 2008
26 Aug · Updates
Company's Sugar Division received "National Award for Excellence in Energy Management 2008" as an Excellent Energy Efficient Unit for the second consecutive year. The project implemented by the Sugar Division has also been recognized as an "Innovative Project" by Confederation of Indian Industry.19 Aug · Meeting
Minutes of the Annual General Meeting of the members of the Company held on July 25, 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.11 Aug · Updates
Government of Andhra Pradesh has, vide its Lr.No.131/MD/HMR/2008 dated August 08, 2008, awarded the Concession for undertaking the development of the Hyderabad Metro Rail (MRTS) Project on Design, Build, Finance, Operate and Transfer (the "DBFOT") basis to our Consortium comprising the Company. Nava Bharat Ventures Limited M/s.Maytas Infra Limited, M/s.Italian-Thai Development PLC and M/s.Infrastructure Leasing & Financial Services Limited. The project comprises 3 lines as under-- Line 1 : Miyapur to L.B.Nagar -- Approx Length : 30Km ; Line 2 : Jubilee Bus Station to Falaknuma-- Approx Length : 15Km ; Line 3 : Nagole to Shilparamam-- Approx Length : 26Km.
Jul 2008
30 Jul · Employee Stock Option Scheme
The Employees Stock Option Scheme Remuneration (Compensation & Allotment) Committee allotted 31560 Equity Shares of Rs.2/- each under the Employees Stock Option Scheme of the Company on exercise of options granted on 05/01/2007 @ Rs 90.52 per option/equity share, including premium. Further, consequent to the aforesaid allotment, the paid-up share capital of the Company has gone up from 7,78,73,668 Equity Shares of Rs.2/- each for Rs.15,57,47,336/- to 7,79,05,228 Equity Shares of Rs.2/- each, aggregating to Rs.15,58,10,456/-26 Jul · Business
Press release dated July 25, 2008, titled "Q1 Net Sales grow 67.3% to Rs.2,904.8 million; Nava Bharat benefits from Ferro Alloys & Power; Q1 Ferro Alloy Sales up 137.3% at Rs.2,045.5 million; Q1 PAT higher by 118.9% to Rs. 1,269.1 million". 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.25 Jul · Meeting
Outcome 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.25 Jul · Management
Board of Directors of the Company at its meeting held on July 25, 2008 approved: 1) The Statement in lieu of advertisement & advertisement relating to the Fixed Deposits; 2)Cost Accounts for 2007-08 relating to Sugar, Industrial Alcohol and Electricity; 3) Appointment of Additional Director: The Board appointed Dr. Nageshwara Rao Dukkipati, M.E. Ph. D, as Additional Director (Non Executive and Independent) upto the date of next Annual General Meeting; and 4) Chairman of the Board: The Board elected the Managing Director, Sri D. Ashok, as Chairman of the Board of Directors.23 Jul · Board meeting
Meeting of the Employees Stock Option Scheme Compensation (Remuneration and Allotment Committee) duly authorised to consider allotment of equity shares, will be held on July 30, 2008. The Committee will consider the Notices of Exercise from the employees to whom Options were granted on January 05, 2007 at Rs. 90.52 per Option and vested on January 05, 2008.15 Jul · Board meeting
Meeting on 25 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”14 Jul · Disclosure of shareholding
Vide its letter dated July 09, 2008 regarding a Statement of Holdings of the Directors and Officers/ Designated Employees in the Cadres above the level of and including Chief Managers and Asst. General Managers and their dependent family members as on June 30, 2008. The detail 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.11 Jul · Business
Press release dated July 11, 2008, titled "Nava Bharat re-bagasse project registered for CDM Samlakot to achieve reduction of over 16,000 tonnes of CO2 p.a.". 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.
Jun 2008
10 Jun · Meeting
Notice pursuant to Section 192A(2) of the Companies Act 1956. Special Resolution pursuant to the provisions of Section 372A of the Companies Act , 1956 and the Special Resolution is to be adopted by means of Postal Ballot under Section 192A(2) read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001: Special Resolution under Section 372A of the Companies Act, 1956 for making Inter-corporate Investments/Loans. The Company has appointed Smt. P. Renuka, Practising Company Secretary, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The duly completed Postal Ballot Forms should reach the Scrutinizer not later than the close of working hours on July 11, 2008. The Scrutinizer will, after completion of the scrutiny, submit her report to the Chairman and the results of the Postal Ballot will be announced at the Annual General Meeting of the company scheduled to be held on July 25, 2008. A copy of the notice of the 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.10 Jun · Updates
Notice of Disclosure dated May 17, 2008 under Section 302 of the Companies Act, 1956, together with the Memorandum of interest. 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 Jun · Meeting
Share Transfer Register and Register of Members of the Company will remain closed from July 17, 2008 to July 25, 2008 (both days inclusive) for the purpose of Annual General Meeting to be held on July 25, 2008 and for payment of Dividend, if declared at the Annual General Meeting. The dividend will be payable on and from August 01, 2008.
May 2008
22 May · Utilisation of Funds
Vide notes to Accounts in the Audited financial results for the year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on May 17, 2008) that: "1) The Company raised FCCBs for JPY 6000 million equivalent to Rs. 233.52 crores during the year 2006-07. The funds are being used for the stated objectives. At the option of Bondholders, the Company converted 248 FCCBs for 2480 million and allotted 77,76,303 Equity Shares of Rs. 2/- each at a price of Rs. 132.96 per share. 2) The Company issued 32,00,000 Warrants on 9th June, 2006, convertible into Equity Shares of Rs. 2/- each at a rate of Rs. 95/- per share, allotted on preferential basis to Persons Acting in Concert/Promoters. 32,00,000 warrants have since been converted into Equity Shares. The proceeds of the warrants/shares have been spent for the ongoing capital expenditure and long term working capital. 3) The Company granted 6,00,000 stock options on 5th January, 2007 to the employees, convertible into 6,00,000 equity shares of Rs. 2/- each at a rate of Rs. 90.52 per share. Out of the above, 1,09,890 options were exercised and equal number of shares were allotted on 19th March, 2008 and the funds were utilized to meet long term working capital requirements".20 May · Business
Press release dated May 17, 2008, titled "Annual PAT at Rs.3,148 million , rises by 124% ;Net Sales at Rs.9253.4 million, rises by 62%; Diluted EPS at Rs.41.44; Annual Power PBIT at Rs.2,112.5 million, 54% higher; Q4 Net Profit increases 196% to Rs.1294 million ;Board recommends 300% dividend for the year ". 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.20 May · Dividend
Board of Directors of the Company at its meeting held on May 17, 2008 has recommended dividend on Paid-up Equity Capital @ 300% (a dividend of Rs.6/- per equity Share of Rs.2/- each) absorbing a sum of Rs.43.74 Crores apart from Corporate Dividend Tax of Rs. 7.43 crores for the year 2007-08 (previous year 200% absorbing a sum of Rs.25.09 crore towards Equity Dividend apart from Corporate Dividend Tax of Rs.4.26 crores).6 May · Board meeting
Inter alia, to consider the following agenda: a) the audited Profit and Loss Account for the year 2007-2008 and Balance Sheet as at March 31, 2008; b) the audited Financial Results for the Fourth quarter and Financial Year ended March 31, 2008; and c) the recommendation of Equity Dividend for the Financial Year 2007-08.
Apr 2008
15 Apr · Disclosure of shareholding
Vide its letter dated April 10, 2008 regarding a Statement of Holdings of the Directors and Officers/ Designated Employees in the Cadras above the level of and including Chief Managers and Asst. General Managers and their dependent family members as on March 31, 2008. The detail 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.11 Apr · Results
Company will be publishing the audited results for the Financial Year ended March 31, 2008 within a period of 3 months from the close of financial year i.e. before June 30, 2008. Hence, the unaudited financial results (provisional) for the fourth Quarter ended March 31, 2008, will not be published.
Mar 2008
31 Mar · Updates
M/s. Malaxmi Avenues Private Limited, M/s. Malaxmi Dwellings Private Limited and M/s. Malaxmi Homes Private Limited, forming part of the Promoters Group of M/s. Nava Bharat Ventures Limited, have changed their names as M/s. V9 Avenues Private Limited, M/s. AV Dwellings Private Limited and M/s. A9 Homes Private Limited respectively.24 Mar · Allotment of Equity Shares
Statement of shares held by the employees consequent to the allotment of equity shares on March 19, 2008 on exercise of options pursuant to Employee Stock Option Scheme,2006. 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.19 Mar · Allotment of Equity Shares
The Employees stock option scheme remuneration (compensation & allotment ) committee allotted 1,09,890 equity shares of Rs.2/- each under the employees stock option schemes of the company on exercise of options granted on 05/01/2007 @ Rs. 90.52 per option/ equity share, including premium. Further , consequent to the aforesaid allotment, the paid-up share capital of the company has gone up from 7,77,63,778 equity shares of Rs.2/- each for Rs. 15,55,27,556/- to 7,78,73,668 equity shares of Rs. 2 each, aggregating to Rs. 15,57,47,336/-13 Mar · Board meeting
Meeting of the Employees Stock Option Scheme Compensation (Remuneration and Allotment Committee ) duly authorised to consider allotment of equity shares. The Committee will consider the Notices of Exercise from the employees ( including Working Directors, who are non- promoters), to whom Options were granted on January 05, 2007 at Rs.90.52 per Option and vested on January 05,2008.
Jan 2008
29 Jan · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31,2007 (taken on record by the Board of Directors of the Company at its meeting held on January 25, 2008) that: "1) The Company raised FCCBs for JPY 6000 million equivalent to Rs. 233.52 crores during the year 2006-07. The funds are being used for the stated objectives. At the option of Bondholders, the Company converted 248 FCCBs for 2480 million and allotted 77,76,303 Equity Shares of Rs. 2/- each at a price of Rs. 132.96 per share. 2) The Company issued 32,00,000 Warrants on 9th June, 2006, convertible into Equity Shares of Rs. 2/- each at a rate of Rs. 95/- per share, allotted on preferential basis to Persons Acting in Concert/Promoters. 32,00,000 warrants have since been converted into Equity Shares. The proceeds of the warrants/shares have been spent for the ongoing capital expenditure and long term working capital. 3) The Company granted 6,00,000 stock options on 5th January, 2007 to the employees convertible into 6,00,000 equity shares of Rs. 2/- each at a rate of Rs. 90.52 per share".25 Jan · Business
Press release dated January 25, 2008, titled "9M PAT up 92% to Rs.1,854 million; EPS at Rs.25.35, Q3 Net Profits at Rs.753 million, grows 107% Q3 Power contribution to PBIT at 52%". 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.14 Jan · Miscellaneous
Vide its letter dated January 11, 2008 regarding a Statement of Holdings of the Directors and Officers/ Designated Employees in the Cadres above the level of and including Chief Managers and Asst. General Managers and their dependent family members as on December 31, 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.14 Jan · Board meeting
Interalia, to consider and take on record the Unaudited Financial Results (Provisional) for the Third Quarter ended on December 31, 2007.
Dec 2007
19 Dec · Board meeting
The Allotment Committee on 19th December, 2007 considered, approved the conversion of Foreign Currency Convertible Bonds for JPY 900,000,000 (Nine hundred million) by Lehman Brothers International (Europe), in accordance with the terms and conditions of the Offering Circular dated 29th September, 2006 and allotted 2,845,238 Equity Shares of Rs.2/- each to Lehman Brothers International (Europe), at the prevailing Conversion Price of Rs. 132.96.17 Dec · Board meeting
Pursuant to the notice of conversion of FCCBs in part received from Lehman Brothers International (Europe), for conversion of 90 FCCBs for Japanese Yen 900,000,000 (Nine hundred million) into Equity Shares of the Company, a Meeting of the Allotment Committee (Committee of Directors as constituted by the Board) is convened to be held on December 19,2007 to consider the allotment of 2,845,238 Equity Shares of Rs.2/- each to them on conversion of bonds as above.
Nov 2007
5 Nov · Allotment of Equity Shares
The Board's Committee (Allotment Committee) on 05.11.2007 made an allotment of 22,88,000 equity shares of Rs.2/- each at a premium of Rs.93/- per shares as detailed below on conversion 22,88,000 warrants earlier issued to the Promoters/ Persons Acting in Concert with the Promoters at a conversion price of Rs.95/- per Warrant on preferential basis. 1) M/s. Malaxmi Avenues Pvt. Ltd., No. of Warrants convertible into Equity Shares - 11,00,000; 2) M/s. Malaxmi Homes Pvt. Ltd. , No. of Warrants convertible into Equity Shares - 11,00,000; 3) M/s. Malaxmi Dwellings Pvt. Ltd. , No. of Warrants convertible into Equity Shares - 88,000. As per the terms of the warrants issued on preferential basis, exercise of each warrant entitled to the warrant holder to receive one equity share of the face value of Rs.2/- on exercise of warrant, at a premium of Rs. 93/- per equity share. The existing paid up equity shares capital of the Company (Pre-issue) of 72630540 equity shares of Rs.2/- each now has become (Post issue) 74918540 equity shares of Rs.2/- each.1 Nov · Board meeting
Meeting of the Allotment Committee of the Company is scheduled to be held on November 05, 2007 for allotment of 22,88,000 equity shares on conversion of warrants as follows: 1) M/s. Malaxmi Avenues Pvt. Ltd. , No. of Warrants convertible into Equity Shares - 11,00,000; 2) M/s. Malaxmi Homes Pvt. Ltd. , No. of Warrants convertible into Equity Shares - 11,00,000; 3) M/s. Malaxmi Dwellings Pvt. Ltd. , No. of Warrants convertible into Equity Shares - 88,000. This is out of the 32,00,000 convertible warrants allotted to 3 companies (Promoters/Persons Acting in Concert with the Promoters) at Rs.95/- per warrant on preferential basis as on June 09, 2006 with an option for conversion into equity shares within 18 months thereof i.e. on or before December 08, 2007.