IID Forgings Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 12, 2007, inter alia, to transact the following:

1. Alteration in the Articles 5 of the Articles of Association of the Company by subsisting as Article 5.

2. To issue and allot following securities on Preferential Allotment basis without offering the same to any persons who at the date of otter are holders of equity shares on such terms and conditions and in such manner as the Company may deem fit, with power to Board to settle details as to form, the terms and conditions of the issue and/or allotment and to modify or accept any modifications thereto and utilization of issue proceeds as it may in its absolute discretion deem fit, without being required to seek any further consent of the Members, with the intent that the Members shall be denied to have given their consent thereto expressly by the authority of this resolution, subject to necessary provisions & approvals.

a. upto 12,00,000 equity shares of Rs 10 each at a premium of Rs 490 to the person called Preferential Shareholders as mentioned below; and

b. Upto 7,50,000 Warrants convertible into equal number of Equity Shares of Rs 10 each at a premium of Rs 490 to the persons called Warrant holders.

i. Mrs. Archana Ajay Mittal (Promoters)
No of equity shares: Nil
No of warrants: 250,000

ii. Deekay Finex & Travels Pvt Ltd (Non-Promoters)
No of equity shares: 100,000
No of warrants: 100,000

iii. Themis Investments Pte Ltd., Singapore (Non-Promoters)
No of equity shares: Nil
No of warrants: 400,000

iv. Merrill Lynch Capital Market Espana, S.A S.V. (Non-Promoters)
No of equity shares: 750,000
No of warrants: Nil

v. Swiss Financial Corporation (Mauritius) Ltd (Non Promoters)
No of equity shares: 350,000
No of warrants: Nil.

The company is in the field of  logistic .

 

 

 

u will get more information on iid forg website - http://www.arshhiya.com/

& the co is in the field of  Logistics and retail provider.