HIMACHLFUT

Himachal Futuristic Communications Limited has informed the Exchange that "The Board at its meeting held on 6th August, 2010 has given its in-principle approval to the proposal to evaluate the amalgamation of Sunvision Engineering Company Private Ltd, a financially strong company, into the Company subject to all requisite approvals and permissions. The proposed Amalgamation would improve the financial health of the Company and provide more business opportunities. The Board has constituted an Amalgamation Committee of Directors to evaluate the proposal in detail and to present final recommendat

Himachal Futuristic Communications Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on March 30, 2010, inter alia, has authorized the sale and transfer of the shares and the sale and transfer of 65,00,000 (Sixty Five Lac) preference shares of Infotel held by the Company to QEPL and Shree Dhoot Trading & Agencies Ltd ("SDTAL") respectively at nominal value and authorised Shri Mahendra Nahata, Managing Director and Shri Arvind Kharabanda, Director (Finance) of the Company severally to execute and sign all such deeds, documents, papers, writings, un

Himachal Futuristic Communications Limited has informed the Exchange that "Himachal Futuristic Communication Limited ("HFCL") had approached ICICI Limited, a public company (public financial institution as per the provisions of Section 4-A of the Act) incorporated under the Companies Act, 1913 ("ICICI"), requesting it to grant HFCL a term loan of Rs. 200 crores for the purpose of its business. Subsequently, a Facility Agreement dated March 5, 2001 was executed between ICICI and HFCL ("Loan Agreement"), in terms of which ICICI extended a rupee term loan of Rs. 200 crores to HFCL ("Loan"). On Se

Himachal Futuristic Communication Ltd has informed the Exchange that the BODs at its meeting held on October 08, 2005 have accorded its approval for conversion of a part of loans into ZERO COUPON PREMIUM BONDS (ZCPBs) to Instiutions / Banks as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group. The details of ZCPBs allotted are given below: - (1) Industrial Development Bank of India has been allotted ZCPBs of Rs. 34.04 crores. (2) ICICI Bank Ltd has been allotted ZCPBs of Rs. 29.37 crores. (3) Oriental Bank of Commerce has been allotted ZCPBs of Rs. 16.03 cro

Himachal Futuristic Communication Ltd has informed the Exchange that the BODs of the Company at its meeting held on August 12, 2005 has decided to issue Equity Share Warrants upto 6 crores to the promoters directors, relatives and their associates at a price of Rs. 23/- per share warrant calculated as per the SEBI Guidelines. The Board has also decided to issue Global Depository Receipts/ Euro Bonds/ FCCBS etc. upto 75 million US $. It was also decided to hold an EGM of the Company on September 09, 2005 to obtain the shareholders approval to the aforesaid issues.