Bilakhia Holdings acquires 52.53% stake in Hindustan Inks

Hindustan Inks and Resins Ltd (HIRL) has informed BSE that Bilakhia Holdings Private Ltd (BHPL) has acquired 71,77,760 equity shares of the Company. The said acquisition has been made on February 24, 2001. The acquired shares constitutes 52.53% of the paid up capital of HIRL. The Company has reported that the aforesaid acquisition as intimated by BHPL is an inter se transfer amongst promoters and is not expected to result in change of management control of HIRL.

Integra Hindustan posts Rs 5.92 million as net profit for DQ 2000, FY 2000 net at Rs 8.83 million

Integra Hindustan Control Ltd has posted a net profit of Rs 5.92 million in the quarter ended December 31, 2000 as compared to a net loss of Rs 0.01 million in the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is at Rs 19.48 million as against Rs 35.64 million in the quarter ended December 31, 99. The Company has reported a net profit of Rs 8.83 million as net profit for the year ended December 31, 2000 as compared to a net profit of Rs 2.94 million in the year ended December 31, 99. Total Income for the year ended December 31, 2000 is higher at 93.89 million as against Rs 80.61 million in the year ended December 31, 99.

Batliboi Board to call EGM to seek members approval on preferential issue

Batliboi Ltd. has informed BSE that the Board of Directors of Directors of the Company at its meeting held today (27th February, 2001), has decided to call an Extra Ordinary General Meeting (EGM) to consider the issue of further Equity Shares and Preference Shares on preferential basis to Promoters, UTI, GIC and its subsidiaries. The Board has also decided to call a General Meeting of 17.5% Non-convertible Debentureholders and 18% Non-convertible Debentureholders, tentatively on 31st March, 2001 to consider modification of terms and conditions of Debentures Trust Deed.

Extraordinary items pull down Albright & Wilson's DQ 2000 net loss to Rs 37.40 million

Albright & Wilson Chemicals India Ltd has reported a net loss of Rs 37.40 million in the quarter ended December 31, 2000 as compared to a net profit of Rs 16.20 million in the corresponding period last year. Net Sales/Income from Operations are lower at Rs 213.30 million in the quarter ended December 31, 2000 as compared to Rs 230.10 million in the quarter ended December 31, 99. Other Income for the quarter ended December 31, 2000 is at Rs 3.80 million as against Rs 23.20 million in the quarter ended December 31, 99. The Company has reported that full amount of compensation amounting to Rs 5.60 million for premature termination of supply contract has been shown as exceptional income for the year. Proportionate share of this income has been taken into account for the quarter ended December 31, 2000. Extra-Ordinary items include expenditure incurred under the Voluntary Retirement Scheme which is being implemented in two stages during the year - in February and December 2000. The expenditure incurred on this account, in February 2000 has been amortised equally over the four quarters of the year. The Company reports that expenditure amounting to Rs 35.50 million incurred under the scheme in December 2000 has been taken fully taken into account during the quarter ended December 31, 2000.

Wartsila India Q4 net up by 13.51%, FY 2000 net up by 12.50%

Wartsila India Ltd has reported a net profit of Rs 42 million in the quarter ended December 31, 2000 as compared to a net profit of Rs 37 million in the quarter ended December 31, 99. Net Sales/Income from Operations is higher at Rs 951 million in DQ 2000 as compared to Rs 930 million in DQ 99. Other Income for the quarter ended December 31, 2000 is at Rs 5 million as against Rs 3 million in the quarter ended December 31, 99. For the year ended December 31, 2000 the Company has reported a net profit of Rs 162 million as compared to a net profit of Rs 144 million in the year ended December 31, 99. Net Sales/Income from Operations is at Rs 3402 million in FY 2000 as compared to Rs 3194 million in FY 99. Other Income for the year ended December 31, 2000 is at Rs 18 million as against Rs 15 million in FY 99. The Board of Directors has recommended a Dividend of 40% (Rs 59 Million including Dividend Tax) for the year ended December 31, 2000.

Wockhardt Life Sciences Q4 net loss at Rs 45 million, FY 2000 loss at Rs 148 million

Wockhardt Life Sciences Ltd has posted a net loss of Rs 45 million in the quarter ended December 31, 2000 as compared a net profit of Rs 162 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 424 million as against Rs 1524 million in the quarter ended December 31, 99. For the year ended December 31, 2000, the Company has reported a net loss of Rs 146 million. Total Income for the year ended December 31, 2000 is at Rs 2203 million. The Company has reported that pursuant to Scheme of Arrangement, the pharmaceutical business of the Company has been demerged with effect from January 1, 2000. The figures provided for the quarter ended December 31, 1999 include the figures of the pharmaceutical business also hence are not comparable. Wockhardt Health Care Limited (WHCL), a subsidiary of the Company is proposed to be merged with the Company with effect from January 2, 2000. Pending receipt of the certified copy of the order from Bombay High Court, the results for the current period do not incorporate those of WHCL. During the twelve months ended December 31, 2000 the company has distributed dividend on six series of preference shares of Rs 10/- each at the rates of 9.75 % to 12.5% aggregating Rs 10.81 million.

Alstom Power DQ 2000 net profit at Rs 154.16 million, FY 2000 net at Rs 113.12 million

Alstom Power India Ltd has announced a net profit of Rs 154.16 million in the quarter ended December 31, 2000l. The Net Sales for the quarter ended December 31, 2000 is at Rs 1404.08 million and the Other Income stood at Rs 39.63 million for the same period. For the year ended December 31, 2000, the Company has reported a net profit of Rs 113.12 million as compared to a net loss of Rs 268.65 million in the year ended December 31, 99. Total Income is higher at Rs 2844.38 million in FY 2000 as compared to Rs 992.17 million in FY 99. The Company has reported that the previous year/quarter figures are not comparable since the effective date of demerger and transfer of Power Generation business of Asea Brown Boveri Ltd to the Company was December 1, 1999 with the appointed date being April 1, 1999.

RBI approves merger of Bank of Madura with ICICI Bank

ICICI Bank Ltd has informed BSE that the Reserve Bank of India (RBI) has approved Scheme of Amalgamaion of Bank of Madura (BoM) with the Bank. The approval has been obtained vide its letter dated February 27, 2001 under Section 44A of the Banking Regulation Act, 1949. The Members of the Bank have already approved the Scheme of Amalgamation of BoM with the Bank at the EGM held on January 19, 2001, which was thereafter subject to the approval of the Reserve Bank of India and such other statutory and regulatory authorities as may be required. The Bank has stated that in terms of the provisions of Section 44A of the Banking Regulation Act, 1949, banking companies only need to obtain only the approval of Reserve Bank of India for the merger which has now been obtained. As per the Scheme of Amalgamation, two equity shares of Face Value of Rs 10 of ICICI Bank Ltd would be issued in exchange for one equity share of face value of Rs 10 each of BoM. The Bank has fixed April 11, 2001 as the Record Date for the purpose of shares of ascertaining members of BoM who would be entitled to receive the equity shares of the Bank.

Hoechst Marion Board to consider results on March 05, 2001

A meeting of the Board of Directors of Hoechst Marion Roussel Ltd is scheduled to be held on March 05, 2001 to consider the Accounts of the Company for the nine months ended December 31, 2000. The aforesaid meeting will also consider the recommendation of Dividend.

Manipal Finance Corp Board approves preferential issue

The Board of Directors of Manipal Finance Corporation Ltd. has approved the issue of 4 million equity shares of Rs.10/- each through preferential allotment basis.

Framatome Connectors EGM approves scheme of merger

Framatome Connectors Oen Ltd has informed BSE that, at the Extra Ordinary General Meeting (EGM) of the Company, the shareholders have approved scheme of merger of Framatome Connectors Berg Ltd. with the company.

Color Chips ties up with Numero Uno

Color Chips (India) Ltd and Sanjay Khan's Numero Uno International Ltd have announced the signing of their agreement for development of content in the form of existing and new stories for live action interspersed with animation, cartooning and caricatures for the proposed Television serial "Twinkle Magic". "Twinkle Magic" presents phenomena that call for surprises, unexplained happenings, and a sense of adventure that is expected to interest young minds. A unique show targeted at a young audience in the age groups of 4-15 years, "Twinkle Magic" will showcase historic episodes from Indian and international folklore and Mythology and would consist of various segments covering adventure and general knowledge. Announcing the tie-up Sudish Rambhotia, Managing Director, Color Chips (India) Ltd, said " It is our privilege to be associated with a well-known Television Company, Numero Uno for a prestigious project as "Twinkle Magic". This is a strategic alliance which will enable us to leverage our strengths in content development and animation."

M & M refixes record date for reservation of shares for proposed MBT IPO issue

Mahindra & Mahindra Ltd (M & M), in a communication to the BSE has stated that the Company has refixed the period from March 23, 2001 to March 30, 2001 as the Record Date period for the purpose of reserving a certain percentage of shares of Mahindra British Telecom Ltd (MBT) to be allotted to the shareholders of M & M on preferential basis. The Company had earlier informed BSE that the Company had fixed March 23, 2001 as the Record Date for determining the shareholders who would be eligible to participate in the reserved portion of MBT's proposed IPO issue.

Seamac DQ 2000 net profit at Rs 48 million

South East Asia Marine Engineering & Construction Ltd (Seamac) has reported a net profit of Rs 48 million in the quarter ended December 31, 2000 as compared to a net loss of Rs 33.20 million in the same period last fiscal. Net Sales for DQ 2000 are higher at Rs 295.80 million as compared to Rs 197.70 million in DQ 99. Other Income for the quarter ended December 31, 2000 is at Rs 5.80 million as against Rs 0.60 million in the quarter ended December 31, 99. Other Income for the quarter ended December 31, 2000 includes a sum of Rs 5.30 million received as compensation for repair cost and loss of charter hire due to breakdown of Peerless Siena II, after the dry dock from Dubai Dry Dock.

Moschip Board to discuss scheme of acquisition of Netmos Tech

Moschip Semiconductor Technology Ltd has informed BSE that a meeting of the Board of Directors is scheduled to be held on March 05, 2001 to discuss the scheme of acquisition of Netmos Tech Corporation of USA. The aforesaid meeting is to also take note of the valuations furnished by Price Waterhouse & Co in connection with the aforesaid scheme.

Pharma Com to call EGM for seeking members approval on proposed sale/lease of Mumbai unit

At a meeting of the Board of Directors of Pharma Com (India)Ltd held on February 24, 2001, it has been decided to accept the resignations of Smt Sarla R.Doshi, Smt. Manisha U.Raval and Smt Suchitra V.Shah from the Directorship of the Company. The Board has also approved the proposal of sale/lease of office cum factory premises situated at Andheri (East), Mumbai. It has also decided to call an Extra-Ordinary General Meeting on March 24, 2001 for obtaining the shareholders permission/consent on the sale/lease of the said office cum factory premises.

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