Pentamedia Graphics FY 2000-01 results on April 12, 2001

A meeting of the Board of Directors of Pentamedia Graphics Ltd is scheduled to be held on April 12, 2001 to consider the audited financial results for the fourth quarter/year ended March 31, 2001.

Wipro FY 2000-01 results on April 20, 2001

Wipro Ltd has informed BSE that the meeting of the Board of Directors of the Company to consider and approve, inter alia the audited accounts for the year ended March 31, 2001 and recommendation for declaration of dividend would be held over two days i.e. on April 19 2001 and April 20, 2001. However, the audited accounts as well as recommendation for declaration of Dividend would be finally approved by the Board of Directors only on April 20, 2001.

Godrej Consumers Products emerges

Godrej Consumer Products Ltd, (GCPL) the Company formed by the demerger of Godrej Soaps Ltd, the flagship Company of the Rs 34 billion Godrej Group has started operations with effect from April 01, 2001. GCPL shall be a true FMCG business with focus on four key markets, personal care, hair care, fabric care and household care. GCPL is India's largest marketer of Hair Colourants and Liquid Detergents and the third largest marketer of toilet soaps. Announcing the above, Mr. A.B.Godrej, Chairman, GCPL, said "It is not often that a successful new Company is born overnight. With the demerger of Godrej Soaps on April 01, 2001, the birth of Godrej Consumer Products Ltd (GCPL), a focussed consumer products Company is such an event. GCPL is committed to providing world-class products and services and its efforts are aimed at fulfilling the daily needs of consumers through innovative, value for money, products that improve their quality of life. GCPL is a high growth, highly profitable FMCG operation. It will own all its brands among which are the high profile Cinthol, Fair Glow, Ezee and Godrej Hair Dye. GCPL is expected to have ROCE and RONW ratios comparable with the best FMCG companies in India, I Expect considerable shareholder value to be added through the creation of Godrej Consumer Products Ltd." The Newly formed GCPL is going to be a professionally managed company. The Chairman and Managing Director. Mr. Adi B. Godrej is also the Chairman of the Godrej Group and has 37 years of FMCG experience. He is supported by Mr. H.K. Press, Executive Director and President, who has more than 28 years of FMCG experience behind him. The Company has inducted four independent Directors onto its Board. Dr. Bala V. Balachandran, (Professor, Kellog Graduate School of Management, Northwestern University), Ms. Rama Bijapurkar (Renowned Marketing Consultant), Mr. Bharat Doshi (Exec. Director- Finance & Corp.Affaires,Mahindra & Mahindra) and Mr. Anupam Puri (Former Director, McKinsey & Co.) will join Mr. A. B. Godrej, Mr. J.N. Godrej, Mr. N. B.Godrej and Mr H.K. Press on the Board. GCPL has also adopted the CII Model for Corporate Governance to ensure that its strategic plans are consistent with the welfare of all stakeholders and with the highest standard of corporate behavior. The Company has also embarked on adoption of the EVA framework based on the Stern Stewart Model to unlock shareholder value GCPL will be high EVA, high ROCE, high RONW and high EVA/Sales business. The Board of Directors of Godrej Soaps Ltd. in its meeting held on December 8, 2000 had approved the scheme of demerger of its Consumer Products business as a going concern to a new Company viz. Godrej Consumer Products Ltd. The scheme has also been given the approval by Godrej Soap's shareholders and the High Court of Mumbai. GCPL will have an identical shareholding structure as its parent Godrej Soaps Limited. The current subscribed and paid up Capital of GSL is Rs 59.82 core divided into 5,98,28,780 equity shares of Rs 10 each. Upon the scheme becoming effective, the capital of GSL will be reorganised and it will be Rs 35.89 crore divided into 5,98,28,780 shares of Rs 6 each. In terms of the scheme, the eligible shareholders of GSL on May 3rd, 2001, the record date, will be issued and allotted 5,98,28,780 shares of Rs 4 in GCPL. Godrej Consumer Products Ltd is a major player in the Indian FMCG market with presence in the personal, hair, household and fabric care segments. With a turnover of Rs 4700 million, the Company employs 950 persons and has two modern manufacturing facilities at Malanpur (M.P.), and Silvassa (U.T). Associate Companies include Godrej Industries Ltd. Godrej Sara Lee Ltd., Godrej Foods Ltd., Godrej Agrovet Ltd. and Godrej Properties and Investments Ltd. The aforesaid press release was issued by GCPL in a communication to the BSE today (April 2, 2001)

Wipro Technologies announces Bluetooth Product Qualifications

BlueWave, a BlueTooth protocol stack software developed by Wipro Technologies has been awarded Bluetooth qualification from the Bluetooth Qualification Body (BQB). Wipro Technologies, a Division of Wipro Ltd is a leading technology solutions provider with key offerings for the global embedded and wireless access solutions market. The Bluetooth qualification is mandatory for manufacturers to use the official Bluetooth logo and trademark. The objective of the program is to ensure interoperability among different solutions and vendors of Bluetooth technology, and to enforce a consistent standard for implementing the Bluetooth wireless technology. It is the Bluetooth Qualification Body (BQB) that reviews product test reports and is authorised to list a product on the Qualified Product list. The Qualification testing for Wipro's BlueWave stack was performed in conjunction with Cetecom Inc (www.cetecom.com) a recognised BQB. "The certification of the BlueWave stack underscores our commitment to this exciting technology. We are confident that this high quality solution will offer our customers a vital time to market advantage", said Mr. Divakaran, Chief Executive, Embedded and Internet Access Solutions, Wipro Technologies. The BlueWave protocol Software Stack is a modular and highly portable implementation of the Bluetooth baseband software, Link Manager Protocol, Host Controller Interface (HCI) and upper layers. The Host Controller layer is available with UART, RS232 as well as with USB transport stream interfaces. The BlueWave software is available as a hosted stack as well as an embedded stack, and has been validated with third party Bluetooth hardware. Wipro's BlueBase Baseband Controller and BlueWave stack together form a complete Bluetooth solution that can be easily deployed in a broad range of embedded applications, be they custom Bluetooth system designs or IC implementations. Wipro's Bluetooth IPs have already been licensed to multiple customers in the US and Japan.

ITC Hotels appoints SC Sekhar and Nakul Anand as Executive Directors

ITC Hotels Ltd has informed BSE that Mr. S.C.Sekhar, Executive Vice President (Corporate Affairs, Growth & Investments) and Mr. Nakul Anand, Executive Vice President (Hotel Operations) have been appointed as Executive Directors on the Board of the Company with effect from March 28, 2001, subject to the approval of the members at the next Annual General Meeting.

Tata Infomedia printing & binding dept. employees opt for VRS

Tata Infomedia Ltd has informed BSE that a new Voluntary Retirement Scheme (VRS) programme has been announced by the Company on March 29, 2001. Pursuant to the scheme, all the bargainable employees of the printing and binding departments have opted to retire from the services of the Company.

Sri Lakshmi Saraswathi Textiles Director resigns

Sri Lakshmi Saraswathi Textiles (ARNI) Ltd has informed BSE that Sri R. Paranthaman has resigned from the post of Executive Director and Director of the Company with effect from March 31, 2001.

India Nippon Board approves Buy Back proposal

The Board of Directors of India Nippon Electricals Ltd has approved the proposal for buy-back of a maximum of 3,95,600 fully paid up equity shares of the Company at a price not exceeding Rs.230 per equity share. Extra Ordinary General Meeting of the Company will be held on April 30, 2001.

Kirloskar Ferrous Inds allots equity shares to IFCI

Kirloskar Ferrous Industries Ltd has informed BSE that the Share Allotment Committee of the Board of Directors of the Company at its meeting held today (April 2, 2001) has allotted 47,22,400 fully paid up equity shares of Rs 10 each, aggregating to Rs 4,72,24,000 to Industrial Finance Corporation of India Ltd by conversion of Optionally Fully Convertible Debentures into equity share capital.

Global Tele approves allotment of shares to shareholders of GECS

The Committee of the Board of Directors of Global Tele-Systems Ltd, at its meeting held today (April 2, 2001) has approved the allotment of 2,65,28,566 equity shares of Rs 10 each to the shareholders of Global Electronic Commercial Services Ltd (GECS) pursuant to the scheme of Amalgamation of GECS with the Company. As a result of the said allotment, the paid up equity share capital of the Company stands enhanced to Rs 70,25,21,080 from the existing Rs 43,72,35,420.

Monalisa Infotech Board approves stock split

The Board of Directors of Monalisa Infotech Ltd has decided as under, subject to necessary approvals : 1. Issue 5 million equity shares on preferential basis. 2. Split the face value of the shares from Rs.10 to Rs.2. 3. EGM of the company will be held on April 28, 2001

BSE imposes 25% Special Margin on ACC

BSE has informed members of the exchange that Special Margin of 25% has been imposed on the scrip of Associated Cement Company Ltd with effect from April 2, 2001.

Bajaj Electricals Ranjangaon factory commences production

Bajaj Electricals Ltd has informed BSE that the commercial production at the Company's new factory at Ranjangaon, near Pune in Maharashtra set up for the manufacture of various types of Highmasts & Poles & associated products and Galvanising has commenced with effect from April 01, 2001.

Bee-Am Chemicals EGM approves issue of shares on preferential basis

Bee-Am Chemicals Ltd has informed BSE that, at the Extra Ordinary General Meeting of the Company, the members have approved as under : 1. Increase in authorised Share capital of the company from Rs 40 million to Rs 60 million by creation of additional 2 million equity shares of Rs 10 each. 2. Issue of 2 million equity shares of Rs 10 each for cash at par on preferential basis to the following persons :- Kapil L. Nagpal 1 million Ranjana L. Nagpal 1 million

BSE imposes AVM on 145 scrips

BSE has informed members of the exchange that the following scrips which are at present under Special Margins will attract Special Margins as indicated hereunder with effect from April 02, 2001. The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. CODE NAME GROUP SP.MGR(%) 12599 ADANI EXPORTS A 25 5426 DAGGER FROST B2 25 31907 DENIM ENTERPRIS B2 25 24170 DSQ BIOTECH B2 50 23864 DSQ SOFTWARE A 25 32285 GEOJIT SECURITI B2 25 31984 GUJARAT FISCON B2 50 888 JAIPRAKASH INDS A 25 32127 MOBILE TELE B2 25 32279 RSL INDUS B2 25 32118 SAI INFO.SERVIC B2 50 378 SAW PIPES A 25 12028 SHONKH TECH B2 50 17411 SHYAM TELECOM A 25 32274 SOFFIA SOFTWARE B2 25 32221 SONATA SOFTWARE A 25 31830 TODAY'S WRITING B2 25 26707 TOUBRO INFOTECH B2 50 32035 UNISTAR MULTI B2 25 32325 VITAL COMM B2 25 24508 VORIN LABS B2 25 32300 WOCKHARDT A 25 31404 ZICOM ELECT B2 25

Money

Rapid Information on Stocks & Corporates

Tell us what you think of this report