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07 November 2024
| Name: | INDIA RESOURCES LIMITED (IRL) |
| Date of Listing: | 06 June 2007 |
| Date of Delisting: | 28 August 2019 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 28 August 2019.Legal Status:
ACN: 121 339 704
This entity was placed in administration or receivership on 05 June 2017. It may currently be in administration and/or receivership or it may be subject to a deed of company arrangement.Capital Gains Tax (CGT) Status:
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail
Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 10/07/2024 |
delisted from the close of trading on Wednesday, 28 August 2019 pursuant to Listing rule 17.15. | 28/08/2019 |
we understand this company is in administration and failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list | 28/08/2019 |
The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation. | 22/08/2019 |
The deed administrator releases a letter to its shareholders. The administrator sought additional extensions in respect of both the AGM extension and the deferral period to 31 May 2019 and 2 May 2019 respectively for both the 2017 and 2018 AGM. On 29 October 2018, ASIC granted the additional extensions. | 30/10/2018 |
Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended. | 06/08/2018 |
On 24 May 2018, ASIC granted the company's request for additional extensions in respect of both the AGM and deferral period to 30 November 2018 and 2 November 2018, respectively. | 25/05/2018 |
The company provides an update. On 4 December 2017, ASIC granted the extension of the deferral relief period. On the same date, ASIC also approved the AGM Extension. | 06/12/2017 |
On 28 November 2017, the DOCA was executed. | 29/11/2017 |
At the meeting of creditors, creditors voted in favour of the company executing a DOCA with AvidSys. | 13/11/2017 |
The company and AvidSys have mutually elected not to continue with the transaction. AvidSys has proposed a DOCA to be put to the company's creditors at the second meeting of creditors on 10 November 2017. | 03/11/2017 |
On 21 October 2017, the company entered into a binding heads of terms with AvidSys in respect of the sale of all of the issued capital in India Resources Holdings Pty Ltd. The Transaction is conditional upon formal agreements being executed by 8 November 2017 (or such later date as agreed by the Company and AvidSys). | 24/10/2017 |
Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately. | 22/08/2017 |
On 29 June 2017, the Supreme Court of Western Australia approved the company's application for an extension to the convening period for the second meeting of creditors. The Court has allowed the Administrators until 3 November 2017 to convene the second meeting of creditors at which time the future of the Company will be determined. The extension was also unanimously approved at the first meeting of creditors held on 15 June 2017. | 30/06/2017 |
Vaughan Neil Strawbridge and Jason Tracy of Deloitte Financial Advisory Pty Ltd were today appointed Joint and Several Voluntary Administrators of the Company. They are currently examining the Company's trading position with a view to assessing its future viability and whether a sale as a going concern or a recapitalisation can be achieved. The appointment of Administrators is limited to India Resources Limited only and does not immediately affect India Resources Limited's Australian or Indian subsidiaries which remain under the control of those companies' respective directors. | 05/06/2017 |
The company advises of the termination of the Surda contract with Hindustan Copper Limited. | 02/06/2017 |
The Directors of IRL wish to inform shareholders and the market that on occasions in recent months in relation to the Surda copper mine, including this month, strikes by mine, processing plant and construction project workers have caused all the operations to be suspended during the strike. | 19/05/2017 |
The company lodges its quarterly activities and cash flow report. | 26/04/2017 |
Hindustan Copper Limited (HCL) has proposed to extend the contract by nine months with effect from 1 April 2017. HCL has informed the Company that reimbursement of exceptional wages increases, resulting from the recent Government of India revision of minimum wages, is under consideration. Their decision will be informed in due course. The Company is in the process of analysing this offer from HCL and will provide a further update when available. | 24/03/2017 |
The company lodges its half year accounts. | 16/03/2017 |
The Revision Authority in the Ministry of Mines, Government of India conducted a hearing in early February 2017 in relation to the Revision filed by Hindustan Zinc Limited (HZL) against the Government of Rajasthan (GOR). HZL has prayed the Revision Authority to quash the rejection order issued by GOR for rejection of two applied HZL's Prospective Licences (PL) 23/93 and 24/93 and also quash the order passed by GOR to process the applied Mining Licence (ML) 87/2008 (Aravalli ML) by Crown Mining Pvt Ltd. (CMPL). CMPL is a subsidiary of the Company. | 27/02/2017 |
The company lodges its Quarterly activities and cash flow report. | 30/01/2017 |
All resolutions proposed at the annual general meeting of shareholders of India Resources Limited held on 16 December 2016, were passed without amendment. All resolutions were decided on a show of hands. | 16/12/2016 |
The company releases the AGM presentation. | 16/12/2016 |
Notice is hereby given that the tenth annual general meeting of shareholders of India Resources Limited will be held at the offices of BDO, 38 Station Street, Subiaco, Western Australia on Friday, 16 December 2016 at 10.00 a.m. | 15/11/2016 |
The company releases its Appendix 4G - corporate governance disclosures. | 31/10/2016 |
The company lodges its 2016 Annual Report. | 31/10/2016 |
The company lodges its quarterly activities and cash flow report. | 31/10/2016 |
The companyi issues a response to ASX Financial Condition Query. | 18/10/2016 |
The company lodges its annual financial statements. | 03/10/2016 |
The securities of India Resources Limited (the "Company") will be suspended from official quotation immediately, pending the release of an announcement. | 23/08/2016 |
listed entity carried for record purposes only | 06/06/2007 |
Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 10/07/2024 |
delisted from the close of trading on Wednesday, 28 August 2019 pursuant to Listing rule 17.15. | 28/08/2019 |
we understand this company is in administration and failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list | 28/08/2019 |
The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation. | 22/08/2019 |
The deed administrator releases a letter to its shareholders. The administrator sought additional extensions in respect of both the AGM extension and the deferral period to 31 May 2019 and 2 May 2019 respectively for both the 2017 and 2018 AGM. On 29 October 2018, ASIC granted the additional extensions. | 30/10/2018 |
Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended. | 06/08/2018 |
On 24 May 2018, ASIC granted the company's request for additional extensions in respect of both the AGM and deferral period to 30 November 2018 and 2 November 2018, respectively. | 25/05/2018 |
The company provides an update. On 4 December 2017, ASIC granted the extension of the deferral relief period. On the same date, ASIC also approved the AGM Extension. | 06/12/2017 |
On 28 November 2017, the DOCA was executed. | 29/11/2017 |
At the meeting of creditors, creditors voted in favour of the company executing a DOCA with AvidSys. | 13/11/2017 |
The company and AvidSys have mutually elected not to continue with the transaction. AvidSys has proposed a DOCA to be put to the company's creditors at the second meeting of creditors on 10 November 2017. | 03/11/2017 |
On 21 October 2017, the company entered into a binding heads of terms with AvidSys in respect of the sale of all of the issued capital in India Resources Holdings Pty Ltd. The Transaction is conditional upon formal agreements being executed by 8 November 2017 (or such later date as agreed by the Company and AvidSys). | 24/10/2017 |
Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately. | 22/08/2017 |
On 29 June 2017, the Supreme Court of Western Australia approved the company's application for an extension to the convening period for the second meeting of creditors. The Court has allowed the Administrators until 3 November 2017 to convene the second meeting of creditors at which time the future of the Company will be determined. The extension was also unanimously approved at the first meeting of creditors held on 15 June 2017. | 30/06/2017 |
Vaughan Neil Strawbridge and Jason Tracy of Deloitte Financial Advisory Pty Ltd were today appointed Joint and Several Voluntary Administrators of the Company. They are currently examining the Company's trading position with a view to assessing its future viability and whether a sale as a going concern or a recapitalisation can be achieved. The appointment of Administrators is limited to India Resources Limited only and does not immediately affect India Resources Limited's Australian or Indian subsidiaries which remain under the control of those companies' respective directors. | 05/06/2017 |
The company advises of the termination of the Surda contract with Hindustan Copper Limited. | 02/06/2017 |
The Directors of IRL wish to inform shareholders and the market that on occasions in recent months in relation to the Surda copper mine, including this month, strikes by mine, processing plant and construction project workers have caused all the operations to be suspended during the strike. | 19/05/2017 |
The company lodges its quarterly activities and cash flow report. | 26/04/2017 |
Hindustan Copper Limited (HCL) has proposed to extend the contract by nine months with effect from 1 April 2017. HCL has informed the Company that reimbursement of exceptional wages increases, resulting from the recent Government of India revision of minimum wages, is under consideration. Their decision will be informed in due course. The Company is in the process of analysing this offer from HCL and will provide a further update when available. | 24/03/2017 |
The company lodges its half year accounts. | 16/03/2017 |
The Revision Authority in the Ministry of Mines, Government of India conducted a hearing in early February 2017 in relation to the Revision filed by Hindustan Zinc Limited (HZL) against the Government of Rajasthan (GOR). HZL has prayed the Revision Authority to quash the rejection order issued by GOR for rejection of two applied HZL's Prospective Licences (PL) 23/93 and 24/93 and also quash the order passed by GOR to process the applied Mining Licence (ML) 87/2008 (Aravalli ML) by Crown Mining Pvt Ltd. (CMPL). CMPL is a subsidiary of the Company. | 27/02/2017 |
The company lodges its Quarterly activities and cash flow report. | 30/01/2017 |
All resolutions proposed at the annual general meeting of shareholders of India Resources Limited held on 16 December 2016, were passed without amendment. All resolutions were decided on a show of hands. | 16/12/2016 |
The company releases the AGM presentation. | 16/12/2016 |
Notice is hereby given that the tenth annual general meeting of shareholders of India Resources Limited will be held at the offices of BDO, 38 Station Street, Subiaco, Western Australia on Friday, 16 December 2016 at 10.00 a.m. | 15/11/2016 |
The company releases its Appendix 4G - corporate governance disclosures. | 31/10/2016 |
The company lodges its 2016 Annual Report. | 31/10/2016 |
The company lodges its quarterly activities and cash flow report. | 31/10/2016 |
The companyi issues a response to ASX Financial Condition Query. | 18/10/2016 |
The company lodges its annual financial statements. | 03/10/2016 |
The securities of India Resources Limited (the "Company") will be suspended from official quotation immediately, pending the release of an announcement. | 23/08/2016 |
listed entity carried for record purposes only | 06/06/2007 |
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The company is escaping from his liabilty made india. Higher mangement is a law breaker. they wanted grab every legal entitlement of worker and emplyoees. | 19/07/2020 07:08:03 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 01/12/2014 | David Humann | On market | 216,667 | $0.006 | $1,300 |
| 27/11/2014 | David Humann | On market | 3,783,333 | $0.006 | $22,700 |
| 06/10/2014 | Arvind Misra | On market | 750,000 | $0.006 | $4,520 |
| 23/12/2013 | Andrew Simpson | On market | 1,769,805 | $0.007 | $12,389 |
| 20/12/2013 | Andrew Simpson | On market | 1,490,000 | $0.007 | $10,430 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Arvind Misra | Managing Director | 08/02/2008 |
| David Humann | Non Exec Director, Company Secretary | 22/07/2010 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Andrew Simpson | Non Exec Chairman | 21/08/2006 | 07/10/2016 |
| Craig Readhead | Non Exec Director | 06/02/2007 | 29/08/2012 |
Date of first appointment, title may have changed.
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