Gruh Finance announces change in management structure

Gruh Finance Ltd has informed BSE that at the meeting of the Board of Directors held on January 25, 2002 Shri S M Palia has stepped down as the Chairman of the Board of Directors of the company upon completion of his one year term of such appointment. Shri S M Palia shall continue as Director on the Board. Shri K M Mistry has been elected Chairman of the Board of Directors of the company to hold the office until otherwise decided.

Castrol Q1 results on April 23, 2002

A meeting of the Board of Directors of Castrol India Ltd will be held on April 23, 2002 to inter-alia take on record the unaudited results of the company for the quarter ended March 31, 2002. The company further informs that if before the date of the said Board meeting the approval of the Foreign Investment & Promotion Board is received and the necessary amalgamation completed, then the combined Audited Financial Results of Tata BP and Castrol India Ltd for the year ended December 31, 2001 would be also approved by the Board in the meeting to be held on April 23, 2002.

Sterlite makes open offer for acquisition of 20% stake in Hindustan Zinc

Government of India had in December 2000 announced its intention to disinvest 26% of the shareholding of HZL held by it to a strategic partner through the competitive route. As per the announcement made on March 27, 2002 by GOI, Sterlite Opportunities & Ventures Ltd has been selected by GOI as the strategic partner for the sale of 10,98,58,291 fully paid up equity shares of Rs 10 each representing 26% of the voting capital of HZL held by GOI at a price of Rs 40.51 per share, the consideration being payable in cash. The share purchase agreement giving effect to the above arrangement has been entered into between SOVL, GOI and HZL on April 04, 2002. Pursuant to regulation 10 and regulation 12 as required under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations 1997 the acquirer announces an offer to all equity shareholders of HZL to acquire upto 8,45,06,380 fully paid up equity shares of face value of Rs 10 each (representing 20% of the voting capital of HZL) at a price of Rs 40.51 per fully paid up equity share payable in cash. Specified Date is April 25, 2002 Date of Opening of the offer is May 27, 2002

IFCI Board decides to form Asset Reconstruction Company

The Board of Directors of IFCI Ltd at its meeting held on March 27, 2002 has decided the following: Formation of Asset Reconstruction Company The IFCI has decided to form a Asset Reconstruction Company with an Authorised Capital of Rs 200 million. The formation of the above-mentioned company is intended for providing focussed attention to the process of recovery of NPA's, thereby reducing the overall NPA level of company and strengthening the fundamentals. The main object of the proposed company would be to acquire, negotiate, restructure dispose and settle or otherwise manage the loan assets of Banks, Financial Institutions or other Lending Bodies Corporate. Some of the Banks/Institutions have also shown interest in participation in the said company and IFCI is engaged in discussions with them to finalise their participation. Acquisition of Shares of Foremost Factors Ltd

Natco Pharma announces change in management structure

Natco Pharma Ltd has informed BSE that the following Directors have resigned from the Board of Directors of the Company due to their personal pre-occupations w e f March 31, 2002 Dr Mohana R Velagapudi Dr K V Ranga rao Dr N Ramakrishna Rao

Aventis Pharma Q1 results on April 17, 2002

Aventis Pharma Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 17, 2002 for taking on record the unaudited financial results for the quarter ended March 31, 2002 (which is the first quarter of the Company's financial year).

Atlas Copco Q1 results on April 16, 2002

Atlas Copco India Ltd has informed BSE that a meeting of the Board of Directors is scheduled to be held on April 16, 2002 to take on record the Unaudited Financial Results (Provisional) for the quarter ended March 31, 2002.

Mindteck announces change in management structure

Mindteck India Ltd has informed BSE that the Board of Directors of the Company in its meeting held on April 08, 2002 have appointed Mr R Vishwanathan as an Additional Director of the Company. Mr K Vijay Kumar has stepped down as CEO of the Company w e f April 08, 2002. Mr Sumit Ganguli, Director, who was appointed Group CEO, Mindteck in July 2001 will play a greater role in the Company's India operations.

Infotech Enterprises assessed at CMM level 5 the highest level of SEI certified process quality

Infotech Enterprises Ltd, the leading Software and Services Company from Hyderabad, has been assessed at Level 5 of the Capability Model (CMM) of the Software Engineering Institute for its Software Development & Services. The achievement is yet another momentous landmark in Infotech's pursuit on continuous process improvement. It covers practices for planning, engineering and managing software development and maintenance, which improves the ability of the organization to meet goals for cost schedule, functionality and product quality. The SEI CMM Level 5 assessment for the Software development & Services business was conducted by a 8 member team headed by Mr Tumu Satish Kumar from Quality Assurance Institute (QAI), a certified Lead Assessor from SEI USA. Mr. Gururaj Managuli of QAI, an authorized CBA-IPI Lead Assessor was the Observer. The assessment covered all the divisions in the Software group namely Business, Internet, Engineering and GIS software and services. Commenting on the assessment, Mr Tumu Satish, the Lead Assessor said "It is a pleasure to be associated with Infotech in their Journey form CMM Level 4 in August, 2001 to Level 5 now. The organization has shown considerable improvement in its process maturity, which is demonstrated in terms of quantitative results. The organization's commitment and the sophisticated Metrics tool developed in-house are some of the success factors for their achievement. Compared to some other assessments that we have been associated with, InfoTech's investment in training their software engineers is significantly high." Commenting on the achievement, Chairman and Managing Director BVR Mohan Reddy said, "SEI CMM level-5 is a significant achievement in the history of the Company. Our Associates have demonstrated unstinted commitment, hard work and maturity to attain this accreditation for the highest quality standard in record time. Through these matured quality processes, we will be in a position to deliver highest quality levels, on time at affordable costs to customers world wide"

P K Ghosh appointed as an Additional Director of Stewards & Lloyds

Stewards & Lloyds of India Ltd has informed BSE that Mr P K Ghosh has been appointed as an Additional Director of the Company in the Meeting of the Board of Directors held on March 9,2002.

Bata discontinues acceptance/renewal of fresh deposits w e f March 15, 2002

Bata India Ltd has informed BSE that the Company has decided to discontinue acceptance/renewal of any fresh deposits w e f March 15, 2002 under its fixed deposit scheme. However the Company will continue with the existing deposits as per the terms and conditions of acceptance.

G Upadhyaya appointed as Director (P&A) of NALCO

National Aluminium Co Ltd has informed BSE that Mr G Upadhyaya has assumed the charge of Director (P&A) of the Company w e f April 01, 2002.

Ranbaxy Labs Q1 results on April 29, 2002

A meeting of the Board of Directors of Ranbaxy Laboratories Ltd is scheduled to be held on April 29, 2002 for: 1. Taking on record the Unaudited Financial Results (Provisional) for the first quarter ended March 31, 2002 2. Consideration of Audited Accounts for the year ended December 31, 2001. 3. Recommendation of dividend on equity shares for the year ended December 31, 2001. 4. Fixation of date, time and venue of Annual General Meeting.

Winsome Yarns to consider buyback of shares

Winsome Yarns Ltd has informed BSE that the meeting of Board of Directors of the Company will be held on April 16, 2002 to review and take a decision for buy-back of shares of the Company.

Gautam Kaul resigns from Directorship of Competent Automobiles

Competent Automobiles Co. Ltd has informed BSE that Mr Gautam Kaul who held office of Additional Director in the Company has resigned from the Board w e f March 15, 2002 and his resignation has been accepted by the Board.

Magma Leasing announces change in management structure

Magma Leasing Ltd has informed BSE the following changes in the Board of Directors of the Company: Mr Shyamanand Jalan, Director of the Company has resigned from the office of Board of Directors of the Company w e f March 01, 2002 Mr Laxmi Narayan Mandhana, Company Secretary has resigned from the Office of the Company w e f the close of business hours on October 25, 2001 Mr V Lakshmi Narasimhan, has been appointed as Company Secretary of the Company w e f January 31, 2002

Naresh Kumar Jalan resigns from whole time Directorship of Linc Pen & Plastics

Linc Pen & Plastics Ltd has informed BSE that Mr Naresh Kumar Jalan, Whole Time Director has resigned from the Directorship of the Company w e f April 01, 2002.

Max India FY-02 results by June 30, 2002

Max India Ltd has informed BSE that the Company will publish the audited financial results for the year/last quarter ended March 31, 2002 on or before June 30, 2002. Hence it will not publish the unaudited results for the quarter ended March 31, 2002.

Mr CVS Narayanan/Mr G D Zalani resign as Whole time Director of Ambalal Sarabhai Ent.

1. Mr R S Ambalal Sarabhai Enterprise Ltd has informed BSE that Mr CVS Narayanan and Mr G D Zalani are Directors in the whole-time employment of the Company. On expiry of their appointment for a year made effective from April 01, 2001 as per resolution passed in the General Body Meeting held on September 21, 2000, they ceased to be in the wholetime employment of the Company. However they would continue to be Directors on the Board of Directors of H ÛÛ\

Dewang Master makes an open offer to acquire 20% of the voting capital of Harijay Industries

Mr Dewang Master (Acquirer) has entered into a Memorandum of Understanding (MoU) dated April 05, 2002 with Ushaben M Doshi, Nehal M Doshi, Hemal P Udani and Maganlal H Doshi who are the promoters of Harijay Industries Ltd (HIL) for acquiring 34000 fully paid up equity shares of Rs 10/- each representing 68% of the voting Capital of HIL at a price of Rs 10 per fully paid up Equity Share of Rs 10/- each and payable by way of cheque. The Acquirer is making an open offer to all the shareholders (other than the promoters) to acquire upto 20% of the voting capital representing 10000 fully paid up equity shares of Rs 10/- each at a price of Rs 10 per fully paid up equity share of HIL and payable by way of Account payee cheque / demand draft. The offer is unconditional and not subject to any minimum level of acceptance from the shareholders. The Acquirer does not hold any shares of HIL as on the date of the Public Announcement. The Specified date is April 09, 2002. The date of opening of the offer is May 20, 2002. The date of closing of the offer is June 18, 2002

Pharmacia Corporation revises offer price for acquisition of 20% equity stake in Abbott Lab

Pharmacia Corporation Ltd has informed BSE that it has decided to revise the offer price from Rs 243 per fully paid up equity share of Abbott Laboratories India Ltd (ALL) to Rs 245 per fully paid up equity share of ALL, payable in cash, to reflect the increase in the rupee /US dollar exchange rate from the rate on January 29, 2002 to the rate on date of the actual payment of the consideration by the share purchase agreement dated January 29, 2002 which triggered this offer. All other terms of offer remain unchanged. Earlier on January 29, 2002 Pharmacia Corporation entered into a share purchase agreement with Abbott Laboratories USA and Abbott International Ltd to purchase their entire shareholding representing 2687808 fully paid up equity shares of Rs 5 each representing 51.495% of the total paid up capital of Abbott Laboratories India Ltd at Rs 242.95 per share. In accordance with the takeover code Pharmacia made a public offer to acquire 1043901 fully paid up equity shares of Rs 5 each representing 20% of the equity capital of Abbott Lab India Ltd at a price of Rs 243 per share payable in cash.

Lyka Labs to suspend its operation at Tarapur unit w e f April 21, 2002

Lyka Labs Ltd has informed BSE that a notice of Company's intention to effect lockout w e f April 21, 2002 has been given to all the concerned workmen/employees of Company's undertaking/ factory situated at Tarapur district, Thane. The decision is taken by management due to workmen of this undertaking have resorted to several unlawful activities. The management is therefore compelled to suspend its operations at Tarapur Unit forthwith.

Aurobindo Pharma to allot further equity/shares warrants

A meeting of the Board of Directors of Aurobindo Pharma Ltd is scheduled to be held on April 12, 2002 and April 14, 2002 to allot further equity shares/warrants to the promoters and other investors to the extent of receipt of subscriptions from them pursuant to the Special Resolution passed in the Extraordinary General Meeting held on January 15, 2002.

BSE revises Special Margin on 43 scrips

BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from today (April 8, 2002). The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Special margins will be imposed on the basis of memberwise gross purchase or sales position (clientwise net) as indicated below: CODE NAME GROUP PER SHARE (PURCHASE)(%) 530707 AFTEK INFOSYS B1 25 512289 AGEE GOLD B2 25 505010 AUTO AXLES B1 25 532161 BAFFIN ENGINEER B2 25 500064 BIRLA GLOBAL B1 25 532346 BLUE STAR B1 25 517544 C MAC CENTUM B1 25 532419 D LINK INDIA B1 25 500117 DCW B2 25 509028 E SERVE IN B1 25 526881 FINANCE TECH B2 25 532326 FORTUNE INFO B2 50 503699 GEODESIC INF B2 25 532312 GEOMETRIC SOFT B1 25 532439 GOLDSTONE TECH B2 25 532010 INDOTECH CAPITA B2 25 532175 INFOTECH ENTERP B1 50 511116 INVEST TRUST B1 25 531816 IT MICROSYSTEM B2 25 500247 KOTAK MAHINDRA B1 25 532400 KPIT INFOSYSTEM B1 25 520061 LAKSHMI AUTO B1 25 532337 MASCOT SYSTEM B1 25 526299 MPHASIS BFL B1 25 520021 OMAX AUTOS B1 25 531167 ORIENT INFOR B1 25 532350 PADMALAYA TELE B1 25 532165 RANSI SOFTWARE B2 25 511076 SAT INVESTMENT B2 50 530943 SRI ADHIKARI BR B1 25 532348 SUBEX SYSTEM B1 25 500405 SUPREME PETRO B1 25 531764 SUPREME TELE B2 25 504290 TATA INFOTEC B1 25 532358 TELE DATA INF B2 25 532375 TIPS INDUSTRIES B1 25 531830 TODAY'S WRITING B2 25 531554 TOP TELEMEDIA B2 25 500423 TVS ELECTRONICS B1 25 511110 V B DESAI B2 25 530769 VEL SOFTWARE B2 25 532214 VISUAL SOFTWARE B1 25 531404 ZICOM ELECTRONI B2 25

Classic Diamonds announces change in management structure

Classic Diamonds India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 06, 2002 have appointed Mr Ashok Ashar and Mr Mayank Mehta as Wholetime Directors. In the said meeting, Mr Nirav K Bhansali has resigned as Wholetime Director, but he continues to be a Director of the Company.

Pentagon Global Solutions allots equity shares on preferential basis

Pentagon Global Solutions Ltd has informed BSE that at the meeting of the Allotment Committee of Directors held on April 05, 2002, 7323630 equity shares were allotted by way of preferential allotment.

Oil & Natural Gas Corporation Ltd has informed BSE the following changes in management structure

1. Mr R S Sharma joined the Company as Whole-time Director (Finance) 2. Mr Ravi Saxena, Part-time official Director expired 3. Mr M S Ramachandran relinquished office of Part-time Director on his appointment as Chairman, IOC

Cable Corporation announces change in management structure

Cable Corporation of India Ltd has informed BSE that at the Board Meeting held on March 28, 2002 the following Directors submitted their resignations to be effective after the conclusion of the said Board Meeting: Mr H A Khatau as Managing Director of the Company Mr K A Khatau, Mr Gautam Doshi, Mr M V Doshi and Mr Bahram Vakil as Directors of the Company.