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BSE imposes special margin on 145 scrips

Nagarjuna Agrichem FY 2000 net profit at Rs 22.40 million

Nagarjuna Agrichem Ltd has posted a net profit of Rs 22.40 million for the year ended March 31,2000 as compared to a net loss of Rs 38.60 million for FY 99.The sales for FY 2000 are up by 57.31% at Rs 503.40 million.Other income for FY 2000 is Rs 5.70 million (FY 99 Rs 1.20 million).

Shamken Cotsyn FY 2000 net profit at Rs 49.53 million

Shamken Cotsyn Ltd has posted a growth of 24.74% in net profits for FY 2000 at Rs 49.53 million. The sales for the year ended March 31,2000 are at Rs 742.99 million as compared to Rs 627.51 million in FY 99.Other income for FY 2000 is Rs 1.77 million (FY Rs 1.31 million)

Shamken Multifab FY 2000 net profit up by 43.11%

Shamken Multifab has posted a net profit of Rs 78.47 million for the year ended March 31,2000 as compared to Rs 54.83 million for FY 99.The sales for FY 2000 are up by 34.50% at Rs 1256.97 million. Other income for FY 2000 is Rs 4.78 million (FY 99 Rs 6.31 million)

Cyberspace Infosys appoints SBI Caps and UTI Securities to manage private placement

Cyberspace Infosys Ltd has informed BSE that it has appointed SBI Capital Markets Ltd and UTI Securities Exchange Ltd to manage private placement of 1.5 Million shares at Rs.930/- each. The company has planned to utilise the funds for the following activities:- 1) Acquisition of software services business in India and abroad. 2) Development of business infrastructure 3) International sales & marketing activities and 4) Continued enhancement of core technical strengths. The company has informed that the Board of Directors of the company at its meeting held on May 30, 2000 has approved the issue of preferential shares. EGM will be held on June 26, 2000.

Ciba Speciality Board approves sale of Performance Polymers division

The Board of Directors of Ciba Specialty Chemicals (India) Ltd at its meeting held on 14.06.2000 has approved the sale of Performance Polymers Division / business of the company on "Going Concern Basis" to Avanti Performance Polymers Pvt. Ltd. a company established by the Borgan Grenfell Pvt. Equity Ltd. the private equity arm of the Deutsche Asset Management. The division/business has been sold for a consideration of Rs.400 million effective from 01.06.2000. The deal is subject to approval of the members of the company in the AGM to be held on August 01, 2000.

BFL Software allots 6.5 million equity shares to Mphasis Holdings

BFL Software Ltd has informed BSE that the Board of Directors of the company has allotted 6,500,000 equity shares of Rs.10/- each to Mphasis Holdings Ltd. Consequent to this allotment, the paid up share capital of the company stands increased by Rs.65,000,000.

Panyam Cements enters into marketing arrangement with India Cements

Panyam Cements & Mineral Industries Ltd has informed that it has entered into an arrangement with India Cements Ltd. for distribution and marketing of cement manufactured at cement division in Kurnool District, Andhra Pradesh. This arrangement is expected to come into effect for the middle of June 2000 after obtaining necessary approvals.

BSE resumes trading resumed in 11 scrips

The members of The Bombay Stock Exchange were earlier advised not to deal in the securities of undermentioned companies because of non-compliance of listing requirements regarding intimation of dates of closure of Register of Members/Record dates to the Exchange. The Exchange has now informed its members that dealings in the securities can now be resumed in these scrips with effect from June 19, 2000. Scrip Code Company Name 12573 Avanti Feeds Ltd. 11698 Bhagyashree Leasing & Finance Ltd. 12624 Chandrika Traders Ltd. 12604 Haria Exports Ltd. 17370 Incap Ltd. 17471 KTL Infosys Ltd. 31801 Manna Glass-Tech Industries Ltd. 31146 Medicamen Biotech Ltd. 31364 Priti Resorts & Holdings Ltd. 5509 Sinhal Holdings Ltd. 2742 Sintex Industries Ltd.

Nucleus Securities net profit at Rs 9.88 million against loss of Rs 11.38 million

Nucleus Securities Ltd has reported a net profit of Rs 9.88 million for the year ended March 31, 2000 as against a loss of Rs 11.38 million incurred in the previous year. The sales including income from operations for the year is Rs 47.02 million representing a 43.11% growth over Rs 32.86 million recorded the last year. The other income is Rs 3.54 million (FY 99 Rs 2.36 million).

Thambbi Modern Spinning net loss at Rs 5.5 million

Thambbi Modern Spinning Mills Ltd has reported an improved performance for the year ended March 31, 2000. The net loss for the year has come down from Rs 54.50 million in FY 99 to Rs 5.50 million in the current year. The sales were marginally up by 2.6% at Rs 553.20 million.

Selan Exploration Technology buys back further 26900 equity shares

Selan Exploration Technology Ltd has purchased 26900 shares of its company through The Stock Exchange, Mumbai for a total consideration of Rs 291,327/-. With this deal the company has purchased a total of 255,100 shares at total consideration of Rs 2,802,920/-.

BPL Ltd net profit up by 5%, sale of CTVs up by 35%, Exports of CTVs rise 148%

Consumer electronics major BPL Ltd has reported a net profit of Rs 1071.30 million for the year ended March 31, 2000 as against Rs 1024.70 million reported last year. The sales at Rs 20.15 billion is 3.86% higher as compared to Rs 19.40 billion recorded in the previous financial year. On the paid up share capital of Rs 277 million the company reported earnings of Rs 38.69 per share.The company has sold over 11,26,561 CTVs during January -December 1999 period. With this the company has become the only company in the country to sell more than one million CTVs in a calender year. During the year the domestic sale of CTVs went up by 35% and the exports of CTVs were 148% higher. The sale of Soft energy (Batteries) was 48% higher in value terms and that of home appliances were down by 9%. For the quarter ended March 31, 2000 the net profits were Rs 298.50 million as against Rs 323 million in MQ 99 representing a decline of 7.59%. The sales for quarter ended March 31, 2000 were 5.58% lower at Rs 4794 million as compared to Rs 5077.10 million registered in the corresponding quarter of the last financial year.

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