Gulf Oil denies news article

With reference to a news report appearing in a leading financial daily captioned "Hindujas may exit Gulf Oil", Gulf Oil India Ltd, in a communication issued to the BSE, has stated there is no truth in the news item, which has been published in spite of the Company's categorical denial. The Company's has stated that the Hinduja Group has categorically denied the report and no time entertained any idea of disinvestments from the Company. Neither has the Hinduja Group appointed DSP Merrill Lynch to act on its behalf in this regard, nor has any presentation been made by DSP Merrill Lynch, as incorrectly stated in the news item.

Warner Multimedia Board to consider issue of shares on preferential basis

Warner Multimedia Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on November 28, 2001 to consider the following agenda: 1. To approve the issue of 1,00,00,000 equity shares of Rs 10 each on preferential basis in accordance with the Chapter XIII of SEBI (Disclosure & Investors Protection) Guidelines 2000(as amended upto date) 2. To fix the date and venue for calling EGM. 3. To consider any other business.

Dr Reddy's to discuss Omeprazole developments in Conference Call slated for Nov 22, 2001

Dr Reddy's Laboratories Ltd will host a conference call to discuss developments on the Omeprazole case. The Conference Call is slated for 3 P.M, Thursday, November 22, 2001. Dial in numbers - From Bangalore 933 5414/228 8180 - Outside Bangalore, within India 080 933 5414/ 080 228 8180 - Participants outside India (+91 80) 238 8910/ (+91 80) 228 8180 No passwords/Pin number is necessary to dial in to any of the calls. As participation in the call is limited to participants, early registration is encouraged. The operator will provide instructions on asking questions before and during the call. The live audio webcast of the conference call will be available to all interested parties at www.drreddys.com. The transcripts of the call will also be available on the Company's website within 72 hours of the Conference Call.

India Cements H1 results on November 30, 2001

A meeting of the board of directors of India Cements Ltd is scheduled to be held on November 30, 2001 to consider the unaudited financial results for the half year ended September 30, 2001.

Gordon Woodroffe Board to consider merger of Shaw Wallace Properties

A meeting of the Board of Directors of Gordon Woodroffe Ltd will be held on November 28, 2001 to consider a proposal for merger of Shaw Wallace Properties Ltd with the Company. The aforesaid meeting will also consider the re-organising and restructuring of the Company's Share Capital.

Thermax H1 net at Rs 36.90 million

Thermax Ltd has posted a net profit of Rs 36.90 million for the half year ended September 30, 2001 as against a net loss of Rs 88.20 million for the same period last year. Net Sales for the half year ended September 30, 2001 is at Rs 1803 million as against Rs 1875 million in the half year ended September 30, 2000. Other Income is at Rs 175 million in H1-01 as against Rs 97.30 million in H1-00. Other Income for the half year ended September 30, 2001 includes Rs 85.10 million (previous period Rs 32.30 million) from operating activities of which Rs 25.00 million are of non-recurring nature. Extraordinary Items for the current period comprise of amortised amount of payment under Voluntary Retirement Scheme (VRS) for staff (Rs 16.30 million) and provision for loss on closure of Subsidiary company (Rs 12 million). Payment under VRS is being amortised over a period of three years. The company has exited nearly all its peripheral businesses in the last one year and is now poised on the growth in its core businesses of boilers and heaters, absorption cooling, chemicals, water and waste solutions, co-generation and air pollution. The company reports that despite the continued depressed market conditions in the capital goods industry, it has been successful in bagging some major contracts, in India and Overseas, including Rs 900 million order for a captive power plant from a cement major.

HFCL AGM on December 31, 2001

Himachal Futuristic Communications Ltd has informed that the 14th Annual Meeting of the Company will be held on December 31, 2001 at the Mushroom Center, Chambaghat, Solan, Himachal Pradesh - 173 213. Pursuant to the provisions of Section 154 of the Companies Act, 1956 the Register of Members and Share Transfer Books of the Company will remain closed from December 22 to December 26 (both days inclusive).

GTL denies news article

With reference to a news article appeared in a leading financial daily titled "Share Price Manipulation under investigation", GTL Ltd, in a communication issued to the BSE, has categorically denied that the Company or its associates have at any time given any credits or inter-corporate deposits to any Ketan Parekh entities. The Company has also stated that the information relating to SEBI Interim Report, pertaining to GTL Ltd as stated in the said article is incorrect.

Alstom H1 net loss at Rs 204.80 million

Alstom Ltd has reported a net loss of Rs 204.80 million in the half year ended September 30, 2001 as compared to a net loss of Rs 81.50 million in the half year ended September 30, 2000. Total Income for the half year ended September 30, 2001 is at Rs 1508.60 million as compared to Rs 1593.20 million in the same period last year. The Company has reported that the operating results for the current period has been affected by the suspension of operations at the Company's Unit at Kolkata (Paharpur Works). The Company has charged off the total cost of VRS incurred during the first six months of the current year amounting to Rs 136.70 million.

Glaxo's lodex range of products to be promoted by Smithkline Consumer

Glaxo India Ltd has informed BSE that Smithkline Beecham Consumer Healthcare Ltd will promote, market and distribute the lodex range of products manufactured by Glaxo India Ltd, Mumbai with effect from January 01, 2002.

Smithkline Consumer to distribute lodex range of products of Glaxo India

Smithkline Beecham Consumer Healthcare Ltd has informed BSE the Company will promote, market and distribute the lodex range of products manufactured by Glaxo India Ltd with effect from January 01, 2002.

Indo Rama Synthetics clarifies on news item

With reference to the news article appearing in a leading financial daily titled, " Indo Rama in IT pact with Accenture" Indo Rama Synthetics (India) Ltd has clarified that the Company has entered into a contract with Accenture India to outsource its IT functions to Accenture. This would be one of the first occassions wherein an entire functional area of an Indian Company is being outsourced to a global management consultancy firm. Outsourcing is an emerging market opportunity in India and one of Accentures high focus area globally. Under the present outsourcing contract with Indo Rama, Accenture will take on its roll existing employees of Indo Rama, re-skill them and re-deploy them in Indo Rama. The key areas under the outsourcing scope would include: 1. The facilities management-hardware, network and mailing system. 2. Application Management and Development - (SAP & LEGACY) Outsourcing of non-core areas like IT to Accenture will enable optimum use of emerging technologies and will allow the management to concentrate on its core business areas.

MRF Pondicherry plant workers resort to Sit-in strike

MRF Ltd has informed BSE that the workers of the Company's plant at Pondicherry have resorted to Sit-in strike. However the Company believes that this has not affected its production as similar facilities are available at the other plants. The Company has also informed that other plants at Arakonam and Tiruvottiyur in Tamilnadu, Kottayam in Kerala, Medak in Andhra Pradesh and at Osgao in Goa are producing tyres as per its production schedule.

Ankur Agencies members approve allotment of shares on preferential basis

Ankur Agencies Ltd has informed BSE that at the AGM of the members held on November 12, 2001 following issues were approved: 1) Preferential allotment of equity shares to NRIs against swap of shares held by them in Solix Systems Inc, USA subject to the approval of FIPV and RBI. 2) Increase of Authorised Capital of the company from Rs 6.00 million to Rs 10 million.

KPNEV makes open offer to acquire balance 17.14 per cent stake in Philips India at Rs 105 per share

DSP Merill Lynch on behalf of Koninklijke Philips Electronics N V,(KPNEV) a company registered under the laws of Netherlands is making a voluntary offer to acquire 7,805,947 fully paid up equity shares of Rs 10 each representing 17.14 per cent and being the balance outstanding voting share capital of Philips India Ltd. at a price of Rs 105 per fully paid equity share payable in cash. KPNEV currently holds 37,727,403 fully paid up shares of Rs 10 each representing 82.86 per cent of the outstanding equity share capital of Philips India Ltd. The specified date (for the purpose of determining the names of shareholders to whom the letter of offer would be sent) has been fixed at December 14, 2001. The offer will open on January 07, 2002 and will close on February 05, 2002.

BSE imposes 25 per cent special margin on 2 scrips

BSE has informed members of the exchange that Special Margin in the under mentioned scrips has been imposed as mentioned alongside with effect from today (November 21, 2001). The Special Margin will be imposed on the basis of clientwise gross or sale position as indicated below: Code Scrip Name Group Sp.Mg(%)(Purchases) 32161 Baffin Eng. Projects Ltd B2 25 530435 Media Video Ltd B2 25

Unilever subsidiary to join hands with Johnson Wax Professional

Hindustan Lever Ltd has informed BSE that Unilever subsidiary, DiverseyLever and Johnson Wax Professional, a division of SC Johnson Commercial Markets, USA, has announced that they would combine globally to form a new company. The new Company is expected to bring together their complementary cleaning and hygiene technology and skills to provide their customers with best solutions and service. The merger is subject to regulatory approvals and is expected to be completed over the next three to four months. Each company's considerable global coverage will ensure that the benefits from the combination are available every where in the world. Both Johnson Wax Professional and DiverseyLever are confident that their combination will provide the new business the right size, strength and integrity to be a leader in customer service for many years to come. In addition to its ability to enhance customer value, the new business will provide significant opportunities to its employees for personal growth and advancement, which will ultimately provide the platform for the initiative and creativity necessary for superior customer service. Johnson Wax professional will hold majority two-thirds equity positions in the new merged business once the necessary reviews and consultation processes are complete. While Johnson Wax Professional will assume management control of the new entity, Unilever, DiverseyLever's parent company, will retain a one-third interest in the new business for a period of five years. The DiverseyLever India operations form part of the detergents business of Hindustan Lever Ltd. It employs 65 people and is estimated to have a turnover of Rs 270 million in 2001. The new structure for the combined business in India is expected to evolve over the next few months based on the partnership agreement between Unilever and Johnson Wax Professional and appropriate public announcement will be made in due course.