1. Company Overview :-
Yantra Natural Resources Ltd is an India-based company & having
registered office at Hyderabad. The Company is engaged in the business
of Trading of Textile Products & Consulting in Mining & Infrastructure
sectors and in addition the company offers Equity Participation,
providing Loans & Advances etc.
2.1 * Issued and paid up capital includes 448,60,63,750 No of shares
issued as bonus shares during last five years.
2.2 Terms/Rights attached to equity shares and Convertible Equity
Warrants:
i) The Company has only one class of share capital, i.e. equity shares
having face value of Re.1/- per share. Each holder of equity share is
entitled to one vote per share, The equity shareholders are entitled to
receive dividends as and when declared.
ii) In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive remaining assets of the Company,
after distribution of all prefrencial amounts. The distribution will be
in proportion to the no. of equity shares held by the shareholder.
iii) The Warrants holder has option to convert each warrant held by
them into One Equity Share, at any time after the date of allotment but
on or before the expiry of 18 months from the date of allotment, in one
or more tranches.
iv) The Warrant holder(s) shall, on/before the date of allotment of
Warrants, pay an amount equivalent to at least 25% of the total
consideration per warrant.
v) he Warrant(s) are transferable, however, a transfer shall be
considered valid only if the same has been registered with the company
and shall be subject to provision of all applicable SEBI Guidelines
viz. SEBI (Substantial Acquisition of shares and takeovers)
Regulations, 2009 etc.
vi) The warrants outstanding at the expiry of the Warrants exercise
period shall expire and the 25% of the total consideration per warrants
shall stand forfeited.
vii) The Warrant Holder shall be entitled to any future Bonus issue(s)
of Equity Shares or any other security (ies), in the same proportion
and manner as any other shareholder of the company.
This entitlement is however subject to the exercise of the option by
the warrant holder (s) to convert the warrants into Equity shares
within the time limit specified in (iii) above.
viii) The number of Warrants and the price per warrant shall be
appropriately adjusted, subject to the companies Act, 1956 and SEBI
Guidelines, for other corporate actions such as, stock split,
consolidation, demerger and transfer of undertaking, sale of a division
or any such capital or corporate restructuing.
ix) The Equity Shares so issued in lieu of the Warrants shall rank
pari-passu in all respects with the existing Equity Shares of the
Company.
x) The Equity Shares so issued upon conversion of the Warrants shall be
subject to the relevant lock-in requirements as mentioned under chapter
VII of the SEBI ( ICDR ) Regulations, 2009.
3. CONTINGENT LIABILITIES & COMMENTS
a ) Guarantee Given by the Company's banker as at March 31, 2015 is
Rs.Nil ( previous year : Rs.Nil )
4. RELATED PARTY TRANSACTION
a) Key Managerial Person
Dhiresh Uttamchand Munver Managing Director
Rajendra Paul Singla Director
Girish Kumar Aggarwal Director
Vijay H Devlekar Director
Devendra Bhimanna Madesh Director
Srikanth Ginjupalli Director
Harishchandra Dhakatu Patade Additional Director (resigned on
31/07/2014)
Reshma Rajesh Malagavakar Additional Director
Director Sunil Vishindas Nagpal
5. The previous year figures have been regrouped, rearranged wherever
necessary.
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