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26.12.2005 - Listing & Trading of Bonus Shares at BSE

Bombay Stock Exchange has granted permission for Trading of 2,50,01,000 Bonus Equity shares of Re.1/- each ranking pari-passu with existing equity shares with effect from 27.12.2005 vide BSE Notification No:- 20051226--8, Dated:- December 26, 2005


Credit of Bonus Shares

New ISIN Number:- Consequent upon splitting of Equity Shares BSE/NSDL/CDSL has allotted new ISIN Number, which is INE426B01025.

Demat Shareholders:- Bombay Stock Exchange has approved Listing of Bonus Shares on 29.11.2005. Credit to respective beneficiary accounts of shareholders completed as on 07.12.2005.

Physical Shareholders:- All physical share certificates (i.e. after giving both split & Bonus effect) have been dispatched to their respective address as recorded with our RTA i.e. Cameo Corporate Services Limited.

However, if any shareholder doesn?t receive Bonus Share entitlement as above, Please write to our Corporate Office at: - Investor Service Cell, 19, Ekdalia Road, Kolkata-700 019 or to Cameo Corporate Services Limited, Subramanian Building, V Floor, No. 1 Club House Road, Chennai-600 002 or E-Mail at investors@ontrackindia.com.   


Shares to Trade "Ex-Bonus cum Split" from today

It is hereby informed to members as well as investors that Company's Shares are trading "Ex-Bonus cum Split" at the Bombay Stock Exchange.

Hence, if any person purchases shares on or after 14.10.2005, he will not be entitled to the Bonus Shares.



Outcome of Board Meeting held on 28th September 2005

Board of Directors of the Company at its meeting held on 28th September, 2005 has fixed Friday, 21st October, 2005 as the Record Date for the purpose of sub-Division of the Equity Shares of the Company and also for determining Members who would be entitled to Bonus Shares.



Ontrack participates in GITEX at Dubai along with Australian partner Evalua

Like previous years, this year also Ontrack is going to participate at the GITEX Tech fair to be held at Dubai World Trade Centre (September 25 to September 29 2005). However this year will be a difference as Ontrack is going to team up with its Australian partner ?Evalua Pty Limited?. The duo will be visible at Booth TP-K6 in the Australia Stand.

Both Ontrack and Evalua will project Tender Evaluation Software developed by the latter. Ontrack is the regional reseller and support partner for the solution at UAE.

Besides this emergent focus area, the traditional service lines of Ontrack will also be showcased. Constant local support along with the offshore cost advantage will be highlighted. 




Notice Of Extra-Ordinary General Meeting

NOTICE IS HEREBY GIVEN that an Extra-Ordinary General Meeting of the Company will be held at the Banquet Hall of Princeton Club, 26, Prince Anwar Shah Road,Kolkata-700 033, on Wednesday, the 28th day of September 2005 at 11.30 a.m. to transact the following special businesses: -

1. To consider and if thought fit, to pass with or without modification, the following resolution as a special resolution;

?RESOLVED THAT pursuant to recommendation of the Board of Directors and article 150 of the ?Articles of Association of the Company, and subject to the statutory approvals, if any, a sum of Rs.2, 50,01,000.00 standing to the credit of the Company?s General Reserve be capitalized and the aforesaid amount of Rs. 2,50,01,000.00 be applied in terms of article 150 of the Articles of Association of the Company, for paying up in full at par 25001000 equity shares of Rs. 1/- each in the capital of the Company to be allotted and distributed as fully paid bonus shares to such members holding equity shares as per the register of equity shareholders at date determined by the Board of Directors of the Company, who are the holders as on the aforesaid date of the existing 5000200 equity shares of Rs. 10/- each of the company fully paid up in proportion to one Bonus share for two existing fully paid equity shares upon the footing that they become entitled to such new equity shares as capital and not as a income.?

?RESOLVED FURTHER THAT where the proportion of the new equity shares is not in the exact proportion of the holding of existing equity shares and results in any number becoming entitled to fraction of new equity shares to be allotted as bonus shares, the company shall not issue any certificate or coupon in respect of such fractional shares but the total number of new equity shares representing such fractions shall be allotted by the board of directors of the company to a nominee to be selected by the board of directors who on behalf of the existing shareholders shall have the right to be allotted such fractional shares and the company shall issue in favour of such nominee, such equity share certificate or certificates after consolidating all the fractional certificates into a marketable lot and thereafter such equity shares shall be sold by such nominee at the prevailing market rate(s) and the net sale proceeds of such shares be distributed amongst such members who are entitled to such fractional certificates In proportion to their respective holdings and allotment of fractional certificates therefore.?

?RESOLVED FURTHER THAT the bonus shares to be issued as fully paid equity shares are subject to the Memorandum and the Articles of Association of the company and shall rank in all respects pari passu to the existing shareholders, provided, however, that such new equity shares shall not be entitled to participate in any dividend declared or to be declared for any year or period prior to the issue of the bonus shares and that no letter of allotment shall be issued in relation to the bonus shares.?

?RESOLVED FURTHER THAT the directors of the company be and are hereby assigned the responsibility of posting the new equity share certificates giving details on basis of bonus shares and post such certificates to the members thereof to the registered addresses of such members as recorded in the Register of Members within two months from the date of allotment but in the case of members who hold equity shares in the dematerialised form, the Bonus shares shall be credited to the respective beneficiary accounts of the members with their respective Depository Participants and that the allotment of new bonus shares to any non-resident members shall be subject to the approval of the Reserve Bank of India under Foreign Exchange Management Act, 1999, if any.?

?RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorized to do all such acts/deeds, matters and things and give such directions as may be necessary or expedient, and to settle any question, difficulty or doubt that may arise in this regard as the Board in its absolute discretion may deem necessary or desirable and its decision shall be final and binding.?

2. To consider and if thought fit, to pass with or without modification, the following resolution as an Ordinary resolution;

?RESOLVED THAT the share capital of the Company be increased from Rs.10,00,00,000/-(Rupees Ten crores) divided into 100000000 (Ten Crores) equity shares of Rs. 1/-(Rupees One) each (consequent upon sub-division of the equity Shares of the company from Rs.10/- per equity share to Rs, 1/-per equity share) to Rs. 20,00,00,000/-(Rupees Twenty crores ) divided into 200000000 ( Twenty Crore) equity shares of Rs. 1/- each, with effect from Record Date to be determined by the Board of Directors of the Company ( which term shall be deemed to include any Committee thereof) for the purpose of sub-division of equity Shares.?

3. To consider and if thought fit, to pass with or without modification, the following resolution as Special resolution;

?RESOLVED THAT the existing clause 4 of the Articles of Association of the Company as to share capital be and is hereby deleted and by the substitution therefore the following, with effect from the Record Date to be determined by the Board of Directors of the Company (which term shall be deemed to include any committee thereof) for the purpose of sub-division of Ordinary equity Share-

?The share capital of the company is Rs. 20,00,00,000/- (Rupees Twenty crores) divided into 200000000 equity shares of Rs.1/- each capable of being increased or reduced in accordance with the law for the time being in force in that behalf.?

4. To consider and if thought fit, to pass with or without modification, the following resolution as an Ordinary resolution;

?RESOLVED:

(a) that in accordance with the provisions of Sections 13,16 and 94 and other applicable provisions, if any, of the Companies Act, 1956, or any amendment or reenactment thereof and the enabling provisions of the Articles of Association of the Company and subject to such approvals, consents, permissions and sanctions, if any, required from any authority, the existing Ordinary Shares of the face value of Rs. 10/- (Rupees Ten) each in the Share Capital of the Company be sub-divided into 10 (Ten) Shares of the face value of Re. 1/-( Rupee One) each and consequently, the share capital of the Company of Rs.20,00,00,000.00 ( Rupees Twenty crores) be divided into 20,00,00,000 (Twenty Crores) Shares of the face value of Re. 1/- (Rupees One) each, with effect from the ? Record Date? to be determined by the Board of Directors of the Company (?the Board? which term shall be deemed to include any committee thereof) for the purpose;

(b) that pursuant to the sub-division of the equity Shares of the Company, the issued, subscribed and paid-up equity Shares of the face value of Rs. 10/- (Rupees One) each, as existing on the Record Date, shall stand sub-divided into ordinary shares of the face value of Rs. 1/- (Rupees One) each fully paid-up, with effect from the Record Date;

(c) that the issued equity Shares of the Company as are held by Members in certificate be cancelled and in lieu thereof fresh certificates be issued for the subdivided Ordinary Shares in accordance with the provisions of the Companies ( issue of Share Certificates) Rules, 1960, and where Members hold equity Shares ( or opt to receive the sub-divided Ordinary Shares ) in dematerialised form, the sub-divided equity Shares in lieu thereof be credited to the respective beneficiary accounts of the members with their respective Depository Participants;

(d) that purpose of giving effect to this resolution, the Board be and is hereby authorized to do all such acts/deeds, matters and things and give such directions as may be necessary or expedient, and to settle any question, difficulty or doubt that may arise in this regard as the Board in its absolute discretion may deem necessary or desirable and its decision shall be final and binding.?

Place:-Kolkata
Date:- 07.09.2005

For Ontrack Systems Limited
--sd--
S.V. Ramani
Whole time Director & Secretary


 

                              

Notes

1. The relevant Explanatory Statement pursuant to Section 173(2) of the Companies Act 1956 is annexed hereto.

2. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote on his behalf and a proxy need not be a member. The instrument appointing a proxy should be deposited
at the Registered Office of the Company, not later than 48 hours before the meeting.

3. Please bring the attendance slip with you duly filled in and hand over the same at the entrance of the meeting hall.

4. Members are requested to notify any change in their address immediately.

5. Members holding shares in physical form are requested to dematerialise the shares into electronic form to facilitate faster transfer and avoid rejections for bad deliveries. The share certificates may be sent directly to our Share Transfer Agent through your Depository Participant to Cameo Corporate Services Ltd., No. 1, Club House Road, Chetpet, Chennai ? 600 002.

Explanatory Statement pursuant to Section to 173(2) of the Companies Act, 1956.

Item No-1

Your Directors have pleasure in proposing issue of shares by way of bonus by increasing the Issued, Subscribed and Paid-up Share Capital of the Company to a sum not exceeding Rs. 2,50,00,100/- by way of capitalizing the General Reserves as per the Audited Accounts of the Company for the financial year ended 31st March, 2005 and the same is proposed to be applied in paying up in full not exceeding 25000100 Equity Shares of RS. 1/- each.

Such fully paid bonus shares shall be distributed to those persons whose names appear on the Register of Members of the company on Record Date as may be fixed by the Board of Directors of the Company in that behalf. As the recommendation of the Board of Directors will consist of issuing 1(one) bonus share against 2 (two) equity shares held subject, however, to the necessary approvals as mentioned hereinbefore, there would be no fractional certificate for disposal.

The Bonus shares so allotted shall rank in all respects pari passu with the existing shares of the company as existing on the Record Date (save and expect that the bonus shares shall not participate in any dividend in respect of any financial year up to and including 31st March, 2005.

The Directors of your Company are interested in this resolution to the extent of their respective shareholdings of the Company.

Your Directors recommend acceptance of the aforesaid resolution in the interest of the company.

Item No-2

It is considered desirable that the share capital of your Company be enlarged commensurate with the size and operations of your company including the need to issue further shares to give effect to the recommendation of Bonus Shares as provided in the Resolution under item no-1.

As Per the provisions of Articles of Association and Section 94 of the Companies Act, 1956 permit your company to increase its Share Capital by Ordinary Resolution.

None of the Directors of Your Company Is Interested In this Resolution.

The Board of Directors of your Company recommends this Special Resolution for your approval.

Item No-3

Similarly, in the Articles of Association Article 4 specifies the present share capital of your company. As the proposal is to increase the authorized share capital base, substitution of the existing Article 4 is considered necessary in order that the increased share capital is reflected in the Articles of Association of your Company.

None of the Directors Of Your Company Is Interested In This Resolution.

The Board of Directors of your Company recommends this Special Resolution for your approval.

Item No-4

The existing share capital of the Company is Rs. 10,00,00,000/-divided into 10,00,00,000 equity shares of the face value of Rs. 10/- each. The present Issued, Subscribed and Paid-up Share Capital of the Company is Rs. 5,00,02,000/- divided into 5000200 equity shares of Rs. 10/- each fully paid-up.

It is proposed to re-organize the share Capital a well as the Issued, Subscribed and Paid-up Share Capital of the Company by sub-dividing the Equity Shares of the face value of Rs. 10/- each into Equity shares of the face value Rs. 1/-each.

Accordingly, the Share Capital of the Company will be sub-divided into 10,00,00,000 equity shares of Rs. 1/-each. The Issued, Subscribed and Paid-up Share Capital as existing on the Record Date for the purpose of sub-division of Equity shares, will also be sub-divided into Equity shares of the face value of Re. 1/- each fully paid-up, with effect from the Record Date.

The proposed sub-division of the equity Shares into shares of smaller denomination, as aforesaid, would facilitate easy accessibility to the Company?s equity shares by investors and enhance the liquidity of the Company?s shares on the Stock Exchanges.

The consent of members is being sought in accordance with the provisions of sections 13,16 and 94 of the Companies Act, 1956 and Article 59 of the Articles of Association of the Company.

A copy of the Memorandum and Articles of Association of the Company will be available for inspection by the members at the Registered Office of the Company between 11.00 a.m. to 1.00 p.m. on working days up to the date of Extra-Ordinary General Meeting.

The Directors of your Company are interested in this resolution to the extent of their respective shareholdings of the Company.

Your Directors recommend this resolution for your approval.


Ontrack sponsors felicitation of Akhtar Ali by Sania Mirza

Ontrack is going to sponsor the ?Golden Akhtar? event to be held on September 21st at ITC Sonar Bangla. The event will witness the felicitation of tennis star of yester years Mr. Akhtar Ali by today?s ace teenage tennis sensation Ms. Sania Mirza. The event will start at 12 Noon and will end with a lunch session at the same venue.

Ontrack has also taken this opportunity to launch an SMS campaign, in association with Power 107.8 FM, Kolkata?s leading FM channel, where Hutch and Airtel mobile subscribers can send in their good luck messages and best wishes to Ms. Sania Mirza and Mr. Akhtar Ali. Ontrack?s flagship product SMS Xprez Enterprise will be used as the backbone for this service.

For sending a message to Ms. Sania Mirza type "SM " and for Mr. Akhtar Ali type "AA " and send it to 5577. All the messages will be handed over to Ms. Sania Mirza and Mr. Akhtar Ali at the said event.


 Outcome of Board Meeting dated 7th September 2005

This is to inform that Board of Directors at their Meeting held on 7th September 2005, have decided that an Extra-Ordinary General Meeting will be held at Calcutta on 28th September 2005 to take shareholder?s approval to issue Bonus Shares and to split shares into smaller denomination @Re.1/-.

Further, Board has also decided to appoint M/s Ernst & Young and M/s Deloitte Haskins & Sells as Advisors for a potential Acquisition Transaction.


 Announcement

This is hereby informed that a meeting of the Board of Directors of the Company is to be held at our Global Delivery Center: Plot Y-18, EP-Block, Sector-V, Salt Lake, Kolkata-700 091, India, on Wednesday, the 7th day of September, 2005 at 11.30 a.m. to consider the following issues as under: -

1. To fix Record Date for Issue of Bonus Share.
2. To consider sub-division of shares into smaller amount of Rs.1/- each (one) and to issue Bonus Shares in such Lots.
3. To Increase the Authorized Capital upto RS. 20 Crores.
4. To appoint M/s Ernst & Young / M/s Deloitte Haskins & Sells as Advisor for a potential Aquisition Transaction.
5. To Fix Date, Time & Place for Extra-Ordinary General Meeting.



Notice for Book Closure and AGM

Day & Date of AGM: Wednesday, 17th August 2005

Time: 11.30 A.M.

Venue:  Hotel GRT Grand
           120, Sir Thyagaraya Road
           Chennai?600 017, India

BOOK CLOSURE FOR DIVIDEND:  - From 11th August 2005 to 17th August 2005



The External Audit by Messrs Transworld Consultants for Ontrack?s re-certification of ISO 9001:2000

The auditing team led by Mr. A.K. Sengupta, Director, Transworld Consultants completed the audit on the Quality Processes of the Global Delivery Centre at OSL's new state-of-the-art facility in Salt Lake. At corporate office, Ekdalia the auditors met senior members of SSD, TTC ,IOS and Accounts during their audit session.


External Audit for re-certification of ISO 9001:2000 to be conducted on August 11

The external audit for re-certification of ISO 9001:2000 will be conducted by M/S Transworld Consultants on Thursday, August 11, 2005.

Ontrack has adhered to ISO quality norms during the last assessment period through quarterly internal and two annual external audits by the above consultant. The present external audit has been preceded by a pervasive internal audit on July 22 & 23. 

The Audit session would be conducted as per following schedule:   

Global Delivery Centre, Salt Lake, Kolkata

Units to be covered: GDC, HR & BPO
Coordinator: Kumud Mishra

Time: 10:30 AM To 1:30 PM

Corporate Office, Ekdalia, Kolkata

Units to be covered: SSD, TTC, IOS, Accounts, MR
Coordinator: S. Balu

Time: 3:00 PM to 6:30 PM

C.V. Aiyar, the MR, will be supervising the whole process.



Ontrack Systems Board to consider Bonus Issue

This is to inform that a meeting of the Board of Directors of the Company will be held on July 28, 2005, inter alia, to consider the following :

  1. Take on record the unaudited financial results for the 1st quarter ended on June 30, 2005.
  2. To open a Dividend Account for payment of Dividend.
  3. Issue of Bonus Shares.
  4. Investment in Joint Venture of Ontrack Systems BV, Holland.

TiE Kolkata Program - Business Opportunities in South Africa : July20, 2005

Date: July 20, 2005
Venue: The Bengal Club, Kolkata, India

The speaker at the event will be Mr. Neil Schwartzman, Opportunity Analyst / Business Development at Napsters (South Africa). The event will highlight business opportunities in South Africa and will explore the business opportunities that Napsters, a premier South Africa based multinational global media group has to offer to Indian companies specially operating in the Internet and mobile space.

Ontrack Systems is going to explore new opportunities in South Africa at this seminar, which is being organized by TiE- Kolkata.

 

 
Related Resources
Download ISO
Certificate Current (pdf: 784 KB)
Download Annual
Report 2013(pdf: 828.0 KB)
Download Corporate
Brochure (pdf: 2.78MB)

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