7/29/2019 Draft Reslns - Sale of Shares

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PURCHASE AND SALE OF INVESTMENTS

Statements showing the purchase and sale of investments made from June 27, 2007 toJuly 21, 2007 were placed on the table. The Board confirmed the same.

Summary Statement of purchase and sale in investments made during the said period isgiven below:

PURCHASE SALE PROFIT / (LOSS)

(UNITS) (Value) (UNITS) (Value)  

Rs. Lakhs Rs. Lakhs Rs. Lakhs  

Shares

288,350 1,379 1,985,080* 1,085 225 PROFIT

Trading

2,477 12 2,477 12 0 0

Futures & Options

5,000 58 - - - -

 

* Includes sale of shares of Symbiotec Pharmalab Private Limited, Southernwind FarmPrivate Limited and Iris Smart Card Limited for a total consideration of Rs.325 Lakhs,

Rs.500 Lakhs and Rs.108 Lakhs respectively to Satya Mitra Stock Consultants Private

Limited and Ashok Finstock Limited equally.

DIVESTMENT OF EQUITY SHARES OF IIT CORPORATE SERVICES

LIMITED TO RDMK IMPEX PRIVATE LIMITED

The Board was informed about the divestment of its shareholding in its wholly owned

subsidiary, IIT Corporate Services Limited to RDMK Impex Private Limited at a total

consideration of Rs.5,00,000/-. Pursuant to the sale, IIT Corporate Services Limited ceases

to be a subsidiary of the Company with effect from August 1, 2007.

7/29/2019 Draft Reslns - Sale of Shares

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SALE OF EQUITY SHARES OF GAMA HOLDINGS PRIVATE LIMITED

The Board proposes to sell 3,52,000 Equity shares of Gama Holdings Private Limited.

The Board after discussion passed the following resolution:

“RESOLVED THAT the Company do sell 3,52,000 equity shares of Rs.10/- each of 

Gama Holdings Private Limited.

RESOLVED FURTHER THAT Mr. Rahul Pandey and Mr. Rakesh Pawar, Directors of the Company be and are hereby severally authorised to sign the relevant documents and

to do all such acts, matters, things and deeds as may be necessary incidental or 

consequential to give effect to this resolution.”

SALE OF EQUITY SHARES OF BAJAJ EBIZ PRIVATE LIMITED

The Board proposes to sell 4,60,400 Equity shares of Bajaj Ebiz Private Limited. TheBoard after discussion passed the following resolution:

“RESOLVED THAT the Company do sell 4,60,400 equity shares of Bajaj Ebiz Private

Limited at a total consideration of Rs. 4,60,400/- (Rupees Four Lakh Sixty ThousandFour Hundred only) as per details given below:

 Name of Company No. of Equity

Shares

Face Value per  

Equity Shares

(Rs.)

Total Consideration

(Rs.)

Bajaj Ebiz Private

Limited

4,60,400 10 4,60,400/-

RESOLVED FURTHER THAT Mr. Ratan Lath and Mr. Tejraj Gulecha, Directors of theCompany be and are hereby severally authorised to sign the relevant documents and to do

all such acts, matters, things and deeds as may be necessary incidental or consequential to

give effect to this resolution.”