ASIANELEC

7) The Shareholders have passed a Resolution pursuant to Section 309 and other applicable provisions, if any, of the Companies Act, 1956 for payment of commission not exceeding 1% of the net profits of the Company calculated in accordance with the provisions of the Act subject to a limit of Rs.5,00,000/- per annum as may be determined by the Board of Directors in each of the financial years, such commission being divisible amongst the Directors, in such proportion and manner as the Board may determine from the time to time for a period of 5 years from accounting year commencing from 1st April,

Asian Electronics Ltd has informed the Exchange that: "At the 41st Annual General Meeting held on 23rd December, 2006: 1) Mr. G.S. Dahotre, a Director of the Company, who was to retire by rotation at the said Annual General Meeting has not sought re-election and the vacancy caused thereby has not been filled up. 2) Mr. S. Padmanabhan, a Director of the Company, who was to retire by rotation at the said Annual General Meeting and being eligible for reappointment has been reappointed as a Director of the Company liable to retire by rotation. 3) Mr. Sanjay Asher has been appointed as a Director o

Asian Electronics Ltd has informed the Exchange that: "1) At the Board Meeting held on 23rd December, 2006, (immediately after 41st Annual General Meeting was concluded), Mr. K.C. Narang resigned as a Director of the Company with effect from 23rd December, 2006. 2) At the said Board Meeting, Mr. Arun Shah, Chartered Accountant, was appointed as a Director in the casual vacancy caused by the acceptance of resignation of Mr.K.C.Narang, with effect from 23rd December, 2006. 3) Consequent to the resignation of Mr. K.C. Narang as a Director of the Company, he ceased to be a Member and Chairman of t

Asian Electronics Ltd has informed the Exchange that the Company has announced Book Closure from December 14, 2006 to December 23, 2006 (both days inclusive) for the purpose of Annual General Meeting and payment of Dividend @ 25%. Annual General Meeting to be held on December 23, 2006.

Asian Electronics Ltd has informed the Exchange that the Board of Directors of the Company, at their meeting held on October 16, 2006, has approved the allotment of 21,00,000 Equity Shares of the face value of Rs. 10/- each at Rs. 460/- per shares to Qualified Institutional Buyers in accordance with the Guidelines for "Qualified Institutional Placement" under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

Asian Electronics Ltd has informed the Exchange that the Bid Closing Date pursuant to the proposed Issue of Equity Shares of the Company to Qualified Institutional Buyers is October 11, 2006. Further the Sub-Committee of the Board of Directors of the Company at its meeting held on October 12, 2006, has allocated 21,00,000 Equity Shares of Rs.10/- each at an Issue Price of Rs. 460/- per Equity Share to Qualified Institutional Buyers in accordance with Chapter XIIIA of the Securities and Exchange Board of India (Disclosures and Investor Protection) Guidelines, 2000 as amended.

Asian Electronics Ltd has informed the Exchange that at the Extraordinary General Meeting held on September 26, 2006, the following Resolution was passed unanimously: Item No. 1 - as a Special Resolution for authorising the Board of Directors to mobilise adequate resources to meet the growing needs of the Company by way of issue, offer and allotment with or without an over allotment / Green Shoe Option in one or more tranches, Equity Share or Securities other than Warrants which are convertible into or exchangeable with Equity Shares ("Securities") to any Eligible Investors, including without

Asian Electronics Ltd has submitted to the Exchange a copy of the Notice of the EGM of the Company convened on September 26, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Asian Electronics Ltd has informed the Exchange that:- 1) The Board of Directors at its meeting held on September 01,2006 has approved the Company's proposal for fund raising programme for an aggregate sum not exceeding Rs.150 crores (Rupees One Hundred Fifty Crores only) to issue, offer and allot with or wiothout an over allotment / Green Shoe Option in one or more tranches, Equity Shares or Securities other than Warrants which are convertible into or exchangable with Equity Shares ("Securities") to any Eligible Investors including without limitation the Qualified Institutional Buyers ("QIBs"

Asian Electronics Ltd had informed the Exchange that the Meeting of the Board of Directors of the Company to be held on August 22,2006 to consider inter alia the following business : (i) Fixation of Date, Time and Place for holding the Annual General Meeting of the Members of the Company. (ii) Closure of Register of Members and Share Transfer Books for the purpose of Annual General Meeting and payment of Dividend for the year 2005-2006 has been cancelled.

News Verification : The media had reports on August 22, 2006 that Asian Electronics Ltd is working out some major acquisition plans. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Asian Electronics Ltd has vide its letter inter-alia stated, "The news item itself states that there are acquisition "rumours" and also clarifies that "Top Officials of the Company however, refuted the rumours of the acquisition". Furthe

News Verification : The media had reports that Asian Electronics Ltd is working out some major acquisition plans. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Asian Electronics Ltd.

Asian Electronics Ltd has informed the Exchange that Mr. Jinendra Shah has acquired 727 shares of Asian Electronics Ltd on June 15, 2006. The mode of acquisition is Market Purchase and the shareholding of Mr. Jinendra Shah after the said acquisition is 9,800 shares aggregating to 0.11% of the total share capital of Asian Electronics Ltd..

Asian Electronics Ltd has informed the Exchange that Mr. Jinendra Shah has acquired 273 shares of Asian Electronics Ltd on June 02, 2006. The mode of acquisition is Market Purchase and the shareholding of Mr. Jinendra Shah after the said acquisition is 9,073 shares aggregating to 0.10% of total share capital of Asian Electronics Ltd..

Asian Electronics Ltd has informed the Exchange regarding a press release dated June 01, 2006, titled "Asian Electronics bags MSEDCL Order". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has informed the Exchange that at the Extraordinary General Meeting held on May 06, 2006, the following resolutions were unanimously passed: (1) Item No. 1 - as an Ordinary Resolution relating to reclassification of Authorised Share Capital to Rs. 25,00,00,000/- (Rupees Twenty Five Crores) divided into 2,50,00,000 (Two Crore Fifty Lac) Equity Shares of Rs.10/- (Rupees Ten Only) by amending Clause V of the Memorandum of Association. (2) Item No. 2- as a Special Resolution relating to amendment of Article No. III. 3 in view of reclassification of Authorised Share Capital co

Asian Electronics Ltd had informed the Exchange that a Meeting of the Board of Directors of the Company will be held on May 05, 2006 to consider and take on record the Unaudited Financial Results for the quarter ended March 31, 2006. The Company has now informed the Exchange that the Company proposes to hold the Board Meeting to consider and approve the Audited Financial Results for the quarter/year ended March 31, 2006 in the second half of May, 2006. In view of the above, the Board Meeting called for May 05, 2006 is called off.

Asian Electronics Ltd has submitted to the Exchange a copy of the notice of the EGM of the Company to be held on May 6, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Asian Electronics Ltd has informed the Exchange that (1)The Board of Directors at its Meeting held on April 4, 2006 has approved the Company's prosposal for fund raising programme of US$ 60 million, with a green shoe option in one or more tranches through one or more modes which may involve ECB, FCCBS, Preferential Issues or issue of Partly or Fully Convertible Debentures/Warrants to be converted into Equity Shares, as may be permitted under the existing Guidlines.(2) The Board of Directors has decided to call an Extraordinary General Meeting of the Shareholders of the Company on May 6, 2006 a

Asian Electronics Ltd had informed the Exchange that the Pilot Project in Nashik District with a value of about Rs.3 crores was awarded, to Asian Electronics Ltd.. The Company has now informed that on successful completion of the Pilot Project, Mahar�shtra State Electricity Distribution Co. Ltd. (MSEDCL) has informed the Company to extend the project to all over Mahar�shtra and the quantity limit of Pilot Project of 300,000 CFL (which was valued at about Rs.3 crores) has also been removed, thereby substantially increasing the scope of the Project. The successful implementation of this project,

Asian Electronics Ltd has informed the Exchange that Shah Investments Financials Developments & Consultants Pvt. Ltd. has acquired 4,40,000 shares aggregating to 4.92% of the share capital of Asian Electronics Ltd on January 05, 2006. The mode of acquisition is allotted on Preferential basis and the shareholding of Shah Investments Financials Developments & Consultants Pvt. Ltd. after the said acquisition is 27,94,100 shares aggregating to 31.24% of total share capital of Asian Electronics Ltd..

Asian Electronics Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on January 05, 2006 have made allotment of following securities :- (1) 4,40,000 Equity Shares of Rs. 10/- each to "M/s. Shah Investment Financials Developments & Consultants Private Limited", an entity belonging to the promoter group at the price of Rs. 240/- per Equity Share. (2) 19,05,000 Fully (Compulsorily) Convertible Debentures of Rs. 240/- each ("FCDs") to the specified investors on the following terms and conditions :- i) FCDs shall carry an interest @ 6% p.a. payable for a pe

iii) In the event the Equity Share Warrant Holder does not exercise the option under the Equity Share Warrants within the time limit prescribed under point no 3 (ii) above, the Equity Share Warrants shall lapse and the deposit of 10% as indicated in point 3(i) above shall stand forfeited of the Company.

Asian Electronics Ltd has informed the Exchange that the BODs of the Company at its meeting held on January 05, 2006 has approved an investment not exceeding Rs. 5,00,00,000/- in a Joint Venture Company i.e. Midcom Magnetics Management Pvt. Ltd. which is being set up as ancillary industry to manufacture some critical components required by the Company. The capital for JV will be contributed by both, Asian Electronics Ltd. and Midcom Inc. an U.S.A. based company through "Midcom International Holdings (Mauritius) Ltd." in equal proportion.

Asian Electronics Ltd has informed the Exchange regarding a press release dated December 28, 2005, titled "Asian Electronics increases European footprint; Synopsis :- a) Asian Electronics makes inroads into European market with sizeable orders; b) Bags three orders from TESCO, Metro Rail Project of Rome and Linde; c) Orders confirm global acceptance of the Westinghouse House Brand and Technology of AEL and d) Repeat orders expected in the future". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet

Asian Electronics Ltd has submitted to the Exchange a copy of the Minutes of the EGM of the Members of the Company held on December 23, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has submitted to the Exchange a copy of the Notice of the EGM of the Company to be held on December 23, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has informed the Exchange regarding a press release dated December 12, 2005, titled "Asian Electronics bags PMO deal to implement energy efficiency". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has informed the Exchange regarding a Press Note titled "Asian Electronics to partner with Westinghouse Lighting - Sourcing from India set to go up". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Clarification of News : The media had reports on December 7, 2005 that Westinghouse will be placing multi million dollar order with Asian Electronics Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Asian Electronics Limited has vide its letter inter-alia stated, "The Company would like to clarify that information pertaining to placing of orders has been quoted out of context. The official of Westinghouse m

Clarification of News : The media had reports that Westinghouse will be placing multi million dollar order with Asian Electronics Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reply is awaited from Asian Electronics Limited.

Asian Electronics Ltd has submitted to the Exchange a copy of the Minutes of the EGM of the Members of the Company held on October 11, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has informed the Exchange that the Board of Directors of the Company at its Meeting held on November 25, 2005 has approved the following :- (1) Not to pursue the proposal for issue of equity shares / equity share warrants on a preferential basis pursuant to the authority granted under the special resolution passed by the shareholders of the Company at their EGM held on October 11, 2005 and accordingly withdraw the application made to the stock exchanges for in-principle listing approval. (2) To issue in terms of the regulations / rules / guidelines issued by the Securitie

ii) Out of the total Equity Share Warrants, 5,70,000 Equity Share Warrants shall be exercised in One or more tranches on or after April 01, 2006 but on or before March 31, 2007 and the balance 6,00,000 Equity Share Warrants shall be exercised in One or more tranches on or after April 01, 2007 but before the expiry of 18 months from the date of allotment of the Share Warrants. iii) In the event the Equity Share Warrant Holder does not exercise the option under the Equity Share Warrants within the time limit prescribed under point no. (c) (ii) above, the Equity Share Warrants shall lapse and the

Asian Electronics Ltd has informed the Exchange that with a view to reduce the peak load demand of about 600 MW, Maharashtra State Electricity Distribution Company Ltd., (MSEDCL) has started a Pilot Project of replacing Incandescent Lamps among its consumers, with Compact Fluorescent Lamps (CFLs) which can generate power savings to the extent of 80%. There are 3 crores Incandescent Lamps in the network of MSEDCL and when all of them are replaced, the peak load will go down by about 600 MW. Further details of the note released by the Company shall be available on the NSE website (http://www.nse

Asian Electronics Ltd has submitted to the Exchange a copy of the Minutes of the AGM of the members of the Company held on September 26, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has submitted to the Exchange a copy of the Minutes of the EGM of the Members of the Company held on September 08, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has informed the Exchange that Mrs. Usha S. Shah has sold 2,90,000 shares aggregating to 3.41% of the share capital of Asian Electronics Ltd on September 15, 2005 and September 16, 2005. The mode of sale is Market Sale and the shareholding of Mrs. Usha S. Shah after the said sale is 852923 shares aggregating to 10.03% of the share capital of Asian Electronics Ltd.

The above issues of Equity Shares and Share Warrants are subject to the provisions of the Securities and Exchange Board of India (Disclosure & Investors Protection) Guidelines 2000, and other provisions of applicable law, if any, and subject to the approval of members of the Company and other statutory authorities (if required). The Company has further informed that an EGM of the Company is scheduled to be held on October 11, 2005 to, inter alia, consider and approve the aforesaid Preferential Issue.

Usha S. Shah has informed the Exchange that on September 15, 2005 and September 16, 2005, she has sold 2,50,000 and 40,000 shares respectively, of Asian Electronics Limited, representing approximately 2.94% and 0.47% respectively, of the total shareholding of the Company. The total holding of Usha S. Shah in Asian Electronics Limited, subsequent to this sale, has reduced to 8,52,923 shares representing approximately 10.03% of the total shareholding of Asian Electronics Limited.

Asian Electronics Ltd has informed the Exchange that the Board of Directors of the Company in its meeting held on September 15, 2005 has taken the following decisions: 1) To offer and issue upto 5,50,000 Equity Shares of Rs.10/- each at a price of Rs.230/- per share to M/s. Shah Investments Financials Developments & Consultants Private Limited, an entity belonging to the Promoter's Group, on a preferential allotment basis. 2) To offer and issue upto 23,00,000 Equity Shares of Rs.10/- each at a price of Rs.230/- per share to various other investors on a preferential allotment basis. 3) To offer

Asian Electronics Ltd has informed the Exchange that at the EGM held on September 08, 2005, the shareholders have approved the following Special Resolutions after incorporating amendments moved and approved at the Meeting : 1) Special Resolution relating to Issue of Convertible Equity Share Warrants on Preferential Basis to proposed allottees as per Notice dated August 16, 2005 with amendments relating to price not exceeding Rs. 230/- as against Rs. 173/-, and amount payable on allotment equivalent to at least 10% as against 20% proposed earlier. 2) Special Resolution relating to Employee Stoc

Asian Electronics Ltd has submitted to the Exchange a copy of the Notice of EGM of the Company to be held on September 08, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Asian Electronics Ltd has informed the Exchange regarding the details of change in shareholding of Mr. Ashok Sharma, Director of the Company. The details of acquisition/sale is as follows: 1) Mr. Ashok Sharma has acquired 1,500 shares of Asian Electronics Ltd. on July 14, 2005 and the mode of acquisition is through Direct Purchase; 2) Mr. Ashok Sharma has sold 5,921 shares of Asian Electronics Ltd. during the period from August 12, 2005 to August 19, 2005 and the mode of sale is through Market sale. The shareholding of Mr. Ashok Sharma after the said acquisition/sale is 12,879 shares aggregat

Asian Electronics Ltd has informed the Exchange that the BODs at its meeting held on August 16, 2005 by short notice has approved the following subject to the shareholders' and other necessary approvals/ permissions : A)1) Issue of 37,00,000 convertible equity share warrants to various investors on Private preferential placement basis. 2) Issue of convertible equity share warrants aggregating to 20,00,000 to the Promoters Group. Both the above Warrants carry a right to convert into equity shares at a price of Rs. 173/- per share which is arrived at as per the SEBI guidelines. The aforesaid war

Asian Electronics Ltd has informed the Exchange that the Company has announced the book closure from September 12, 2005 to September 26, 2005 (both days inclusive) for the purpose of the AGM and payment of Dividend @18%. The AGM is scheduled to be held on September 26, 2005.

Asian Electronics Ltd has informed the Exchange that the Board of Directors at its meeting held on August 08, 2005 has approved a Memorandum of Understanding with an intent to acquire not less than 50% stake in Westinghouse Lighting Corporation, U.S.A. The said Memorandum of Understanding is subject to due diligence and all the approvals as may be necessary.

Asian Electronics Ltd has informed the Exchange that the Meeting of the Board of Directors of the Company scheduled on July 29, 2005 to consider and take on record the Unaudited Financial Results for the quarter ended June 30, 2005 and which had been postponed to August 02, 2005, has been further postponed sine die. The next date of the Board Meeting will be intimated in due course.

Asian Electronics Ltd has informed the Exchange that: 1.The BODs at its meeting held on July 07, 2005 has approved the Company's proposal for fund raising programme of around Rs.130 crores through one or more modes, which may involve ECB, FCCBs, Preferential Issues or issue of Partly or Fully Convertible Debentures/ Warrants to be converted into Equity Shares, as may be permitted under the existing Guidelines of SEBI. 2. The Company's proposal to create, issue/offer and allot on preferential basis to promoters/ promoter group companies Optionally Fully Convertible Warrants as per applicable S

Asian Electronics Ltd has informed the Exchange that at the meeting held on June 29, 2005: 1)The board has recommended dividend @ Rs.1.80 per equity share of Rs.10/- each for 2004-2005.2)The scheme of arrangement between Asian Raymold Lighting Pvt. Ltd. and Asian Electronics Ltd. relating to the takeover of its lighting division undertaking has been approved subject to necessary sanction of the High Court.3)ESOS and ESPS schemes have been approved by the board.4)The discussions and decisions regarding optionally fully convertible share warrants has been deferred to the next board meeting to be