INNOVASSYNTH INVESTMENTS LIMITED
History & Incorporation
Scheme Of Arrangement
Trading of Equity Shares
|History & Incorporation | Business | Management | Scheme Of Arrangement Capital Structure | Information Memorandum | Financials | Trading of Equity Sharess | Contacts|
IIL was promoted by Futura Polyesters Limited (FPL) with an initial paid up capital of Rs. 5 lakhs. The objects for which the Company was incorporated are set out in the Memorandum & Articles of Association of the Company.
The main purpose for forming IIL was to take over or acquire the equity shares of Innovassynth Technologies (India) Limited (short form ITIL), an associate company, from FPL under a Scheme of Arrangement to be entered into by FPL and IIL with its shareholders.
The Company is managed by the Board of Directors consisting of following Directors. Mr. S.B.Ghia is the Managing Director of the Company.
At present there are no employees in the Company. The work pertaining to the Company are carried out by the Officers and staff of FPL and ITIL.
a) 2,38,50,070 equity shares of Rs.10/- each held by FPL in ITIL would be transferred from FPL to IIL
b) In consideration of the above transfer IIL will allot its equity shares of the face value of Rs. 10/- each to the shareholders of FPL, whose name appear in the Register of Members of FPL as on Book Closure Date, in the proportion of 5 equity shares in IIL against every 11 equity shares held in FPL.
c) The Scheme also envisages that IIL will, after allotment of its equity shares, approach Bombay Stock Exchange (BSE) Ltd for listing its shares along with its existing shares, subject to applicable regulations and approvals required.
d) As per the Scheme the Authorized Capital of IIL will stand increased to Rs. 25 crores (divided into 2,50,00,000 equity shares of Rs. 10/- each)
The Scheme, after receiving the approval of shareholders of FPL and IIL was sanctioned by the High Court on 4th July 2008. Copy of the Order of the Court was filed with the Registrar of Companies on 15th July 2008 which was the effective date of the Scheme.
FPL, in consultation with BSE fixed 5th & 6th August 2008 as the Book Closure date for determining the list of shareholders of FPL who will be entitled to receive the shares in IIL in the proportion stated in the Scheme.
In accordance with the sanction of the High Court, the equity shares, as aforesaid, held by FPL in IIL was transferred to IIL on 29th September 2008
IIL completed on 29th September 2008 the allotment of its equity shares to the Shareholders of FPL whose names appeared in the Register of Members of FPL as on Book Closure date i.e. 5th & 6th August 2008
The Bombay Stock Exchange Limited has approved listing of Company's equity shares vide its letter No.DCS/GI/RCG/VB/44/2009-10 dated 22.7.2010, subject to relaxation from Securities and Exchange Board of India (SEBI) under the Securities Contracts (Regulation) Act,1957. SEBI has now granted its relaxation vide its letter No.CFD/GI/RCG/VB/OW/ 30328/2010 dated 16.12.2010. The statutory advertisement by the Company is published on news papers, Financial Express(all editions in English), Jansatta (all editions in Hindi) and Navshakti (Marathi) which appeared on January 21, 2011. A copy of the aforesaid advertisement and updated Information Memorandum have been submitted to Bombay Stock Exchange Limited on 27.1.2011 requesting the Stock Exchange for trading of the equity shares and the Information Memorandum also appears in the website.
Authorized Capital: 2,50,00,000 equity shares of Rs. 10.- each aggregating to Rs. 25 crores.
Paid Up Capital: 2,38,78,035 equity shares of Rs. 10/- each aggregating to Rs. 23,87,80,350/-.
For Shareholding Pattern as on 31st March, 2012 Please click herePlease Click here
Please Click here
MEMO & ART OF INNOVASSYNTH INVESTMENTS LTD AND INNOVASSYNTH TECHNOLOGIES(INDIA) LTD......... Please Click here
Plese Click here
CODE OF CONDUCT FOR BOARD OF DIRECTORS
Code of Conduct Please Click here
Financials : Please Click here
Annual report 2010-2011 Please Click here
Innovassynth Investments Limited
Paragon Condominium,3rd Floor,P.B Marg,Mumbai 400013
Company Secretary and Compliance Officer : Mr. A.R. Gadkari
E-Mail: firstname.lastname@example.org,   email@example.com
Registrar and Share Transfer Agent:
Satellite Corporate Services Pvt. Ltd.
301,Sony Apartments,Opp.St. Jude High School,Off Andheri-Kurla Road,Jarimari,Mumbai 400072