XO Infotech announces change in management structure

XO Infotech Ltd has informed BSE that Mr Varun Talwar, Joint Managing Director has resigned from the Board of Directors w e f April 01,2002 due to involvement in various diversified projects. Further Mr Umesh Talwar, Vice Chairman of the Company has been appointed as Whole Time Director designated as Vice Chairman cum Managing Director w e f April 01, 2002.

VJIL Consulting allots 9,90,000 convertible warrants to promoters

VJIL Consulting Ltd has informed BSE that the Board of Directors of the Company at their meeting held on April 20, 2002 has passed a resolution for allotment of 9,90,000 convertible warrants to the promoters as per special resolution passed by the members in their EGM held on February.

BPL Display Devices Ltd Showcases TPM Initiatives Awarded Prestigious ISO 14001 Certificate By M/s KPMG QR

BPL Display Devices Ltd (BDDL) a fully owned subsidiary of consumer electronics giant BPL Ltd has successfully turned around the sick Uptron Colour Picture Tube plant to a profitable venture in the financial year 2001-02. BDDL is now aggressively pursuing TPM (Total Productive Maintenance) to consolidate its competitive edge and achieve market leadership. BDDL had a formal TPM Kick-off and a prestigious ISO-14001 Award ceremony on April 18, 2002. Mr Ajit Nambiar, Chairman and MD of BPL Ltd said, "It is essential to prioritise this activity especially for a large manufacturing unit like BDDL as this is a proven technique and has given the desired results in other BPL group companies as well. TPM is an essential map for improving processes across the board and has also been successfully implemented in various other business houses in India" During the function M/s KPMG formally handed over the ISO-14001 Certificate to Mr N V G K Bhat, BDDL Director & COO.

Godrej Consumer Products Board to consider declaration of second interim dividend/buyback of shares

Godrej Consumer Products Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on April 29, 2002 to consider inter alia the following: 1. To take on record the audited financial results for the quarter and year ended March 31, 2002. 2. To consider declaration of second interim dividend/recommendation of final dividend for the financial year 2001-02. 3. To consider second buyback of equity shares after the current buyback is completed. If the Board declares a second interim dividend, record date for ascertaining the names of shareholders who will be entitled to receive interim dividend would be May 21, 2002.

Indian Rayon & Ind FY-02 results by June 30, 2002

Indian Rayon & Industries Ltd has informed BSE that the company will be publishing the Audited Accounts for the financial year ended March 31, 2002 within the three months period (June 30, 2002) and the unaudited results for the quarter ended March 31, 2002 will not be published.

Gillette Q1 results on April 29, 2002

Gillette India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2002 to take on record the unaudited financial results for the quarter ended March 31, 2002.

Wipro Q4 net up by 1.47 %, FY-02 net up by 29.65 %

Wipro Ltd has posted a net profit of Rs 2206 million for Q4 ended March 31, 2002 as compared to Rs 2174 million for corresponding period last fiscal. The total income has increased from Rs 9453 million in MQ2001 to Rs 9501 million in MQ2002. The company has posted a net profit of Rs 8661 million for the financial year ended March 31, 2002 as compared to Rs 6680 million for corresponding period last fiscal. The total income has increased from Rs 31208 million in FY-01 to Rs 35552 million in FY-02. The board has proposed a final dividend of Rs 1 per share i.e. 50% subject to the approval of shareholders at the AGM scheduled to be held in July 2002.

Wipro issues outlook for quarter ending June 30, 2002

Mr Azim Premji chairman of Wipro commenting on the results said, " We have emerged stronger from a year of uphill climb. Our quality leadership and productivity enhancement through six sigma contributed to increasing traction in a market that is witnessing intense pricing pressure. The proven breadth and depth of our service offerings make Wipro an attractive long- term partner for our customers. "Our results for the quarter are in line with our expectations. Looking ahead, for the quarter ending June 30, 2002 we expect our Indian GAAP revenue from the global IT business segment to be around $123 million."

Wipro announces results as per GAAP

Wipro Ltd has posted a Profit After Tax of Rs 8.9 billion representing an increase of 32% over previous year as per consolidated Indian GAAP.The company's revenue increased 28% for the year ended March 31, 2002 at Rs 23 billion. The company retained its margin with PBIT growth of 28% in line with revenue growth, despite pricing pressure. The company recorded Revenue of Rs 5.9 billion ($120.2 million) for the quarter ended March 31, 2002 as per consolidated Indian GAAP. The company's profit after tax computed in accordance with US GAAP for the year ended March 2002 was Rs 8.3 billion, a growth of 29% over the profits for the corresponding year ended March 2001. The net difference between profits computed in accordance with US GAAP and Indian GAAP is primarily due to accounting for deferred stock compensation expenses, equity accounting for results of investments in associate companies-Wipro GE Medical Systems Ltd and Netkracker Ltd and amortization of goodwill.

Esab India Q1 results on April 26, 2002

A meeting of the Board of Directors of Esab India Ltd is scheduled to be held on April 26, 2002 to take on record the Unaudited Financial Results (Provisional) for the quarter ended March 31, 2002.

Bombay High Court approves demerger scheme of Herdillia Chemicals

Herdillia Chemicals Ltd has informed BSE that company's demerger scheme relating to Non-Chemical Business and merging the same with Shubh Shanti Services Ltd. has been approved by the Hon'ble Bombay High Court. The appointed date for the demerger scheme is April 01, 2001.

BSE imposes Special Margin on Shapre Global Info

BSE has informed the members of the exchange that Special Margin of 25% has been imposed on Shapre Global Info Services Ltd with effect from today (April 19, 2002). Special margin will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).

Dr Reddy's FY-02 results on June 04, 2002

Dr Reddy's Laboratories Ltd has informed BSE that the Board of Directors of the Company is scheduled to meet on June 04, 2002 to interalia, discuss and take on record the audited financial results of the Company for the year ended March 31, 2002. The Company has further informed that it will not publish Q4 unaudited results.

HLL AGM postponed to June 26, 2002

Hindustan Lever Ltd has informed BSE that the AGM of the Company scheduled to be held on May 10, 2002 is being postponed to June 26, 2002 so as to enable the Company to place the resolution, if so required for amending the scheme of issue of Bonus Debentures which will constitute deemed dividend, subsequent to passing of Finance Bill 2002.There is a proposal in the Finance Bill to withdraw the dividend distribution tax payable by the Companies on the dividend distributed by them and to make the dividend fully taxable in the hands of the shareholders. Such proposal if approved by the parliament would have significant impact on the Company's proposed Scheme of issue of Bonus Debentures in so far as taxability of bonus debentures in the hands of shareholders is concerned. However until the Finance Bill 2002 is passed by the Parliament and the position on taxability of dividend income is finally known, the Company would not be in a position to take further steps with regard to implementation of the Scheme and depending upon the final position on taxability of dividend, the Company may have to modify the scheme and approach the members for the requisite approval at the aforesaid AGM. Earlier the Company had recommended a final dividend of Rs 2.50 per share of Re 1/- to the members. Accordingly the final dividend as approved by the members at the aforesaid meeting will be payable on or after June 28, 2002.

Adlabs Films clarifies on news item

With reference to the news article appearing in a leading financial daily titled "Huge deals in Adlabs Films on BSE and NSE raise eyebrows." Adlabs Films Ltd has informed BSE that the Company's paid up capital is 2,15,00,750 equity shares of Rs 5 each aggregating to Rs 10,75,03,750. The volume of 1.115 million shares amounts to 5.186% of the Company's equity instead of "over 10 percent" as mentioned in the news item. The Company has further clarified that the Promoters' holding as on date is 1,71,00,000 equity shares equivalent to 79.53% of the Company's equity. Thus there is no dilution in Promoters' holding as on March 31, 2002.

MTNL Q4 results on April 29, 2002

A meeting of the Board of Directors of Mahanagar Telephone Nigam Ltd will be held on April 29,2002 to approve the unaudited financial results for the quarter ended March 31, 2002.

NALCO completes expansion of Bauxite Mines and Alumina Refinery

National Aluminium Company Ltd has informed BSE that expansion of its Bauxite Mines and Alumina Refinery has been completed on April 18, 2002.The salient features of which are given below: Bauxite Mines Alumina Refinery Capacity -Existing 24,00,000 TPY 8,00,000 TPY -After expansion 48,00,000 TPY 15,75,000 TPY Project Cost Rs 1205.9 million Rs 15440.10 million

Amara Raja Batteries FY-02 results by June 30, 2002

Amara Raja Batteries Ltd has informed BSE that the Company would be publishing the audited financial results for the year ended March 31, 2002 on or before June 30, 2002. Therefore the Company would not be publishing any un-audited financial results for the said period.

MRO-TEK denies news item

With reference to the news article appearing in a leading financial daily titled "MRO-TEK up on buyback talk" MRO-TEK Ltd has informed BSE that the news item relating to buyback of shares is pure and simple rumour and that the Company has no such plans in the immediate future.

Smithkline Beecham Q1 net up by 3.15 %

SmithKline Beecham Consumer Healthcare Ltd has posted a net profit of Rs 294.40 million for Quarter ended March 2002 as compared to a net profit of Rs 285.40million for the corresponding period last fiscal. The total income (net of excise) has decreased from Rs 1929.60 million in MQ 2001 to Rs 1895.40 million in MQ 2002. The Provision for Tax for MQ 2002 is at Rs 169 million as compared to Rs 122.30 million for MQ 2001. Provision for Taxation for the quarter ended March 31, 2002 recognises the principle of deferred taxation. The same was not recognised in the MQ 2001. The figures are therefore not comparable.

GTL Q4 PAT down by 61.90%, FY-02 net down by 57.10 %

GTL Ltd has posted a profit after tax of Rs 315.50 million for the quarter ended March 31, 2002 as compared to Rs 828.30 million in the corresponding period last fiscal. The total income has decreased from Rs 2676.70 million in MQ2001 to Rs 1461 million in MQ2002. During the quarter ended March 31, 2001 the company had earned Rs 351.90 million as extra-ordinary income after consideration of which the net profit for the quarter ended March 31, 2001 stood at Rs 1180.20 million. During the current quarter ended March 31, 2002 the net profit is at Rs 315.50 million. The Company has posted a profit after tax of Rs 1040 million for the year ended March 31, 2002 as compared to Rs 2424.30 million during the financial year ended March 31, 2001. The company has posted a total income of Rs 5835.60 million for the year ended March 31, 2002 as compared to Rs 8686.60 million during FY-01. During the year ended March 31, 2001 the company had earne.

ICRA revises rating assigned to GSFCs bond/fixed deposit programme

Gujarat State Fertilizers & Chemicals Ltd has informed BSE that ICRA has revised the long term rating assigned to the non-convertible debentures and bond programmes of Gujarat State Fertilizers & Chemicals Ltd from LA to LBB+. The rating assigned to the fixed deposit programme of the Company has also been revised from MA to MB+.

SSI Q3 results on April 29, 2002

A meeting of the Board of Directors of SSI Ltd will be held on April 29, 2002 to consider and to take on record the unaudited financial results for the third quarter ended March 31, 2002.

Great Eastern Shipping Q4 results on April 30, 2002

Great Eastern Shipping Company Ltd has informed BSE that a meeting of the Board of Directors has been convened to be held on April 30, 2002 to consider inter alia the unaudited financial results (provisional) for the fourth quarter ended March 31, 2002.

Crompton Greaves FY-02 results on April 29, 2002

A meeting of the Board of Directors of Crompton Greaves Ltd is scheduled to be held on April 29, 2002 to consider and take on record, amongst other business, the unaudited financial results for the quarter and year ended March 31, 2002.

Essel Propack to set up manufacturing facility in USA

Essel Propack Ltd the world's largest laminated tube manufacturer has opened a new frontier by signing a five-year contract with FMCG giant P&G in the USA for 100% of their North American requirements. Consequent to this agreement, EPL will set up a manufacturing facility in North Carolina, USA. Mr Cyrus Bagwadia, M D, Essel Propack said, "In 1995 we had a vision which stated that we shall be the world's largest laminated tube manufacturer by the year 2000. True to our word, we achieved this in the time frame that we had given ourselves. Now we have articulated a vision that states that we shall be the world's most admired speciality company by 2005. Entering the world's most developed market and getting into a long term partnership based on trust and mutual benefit with one of the world's largest FMCG companies is a step in that direction". The company, which pioneered the laminated tube revolution in India, has rapidly expanded and is today a truly global player with 15 manufacturing locations in four continents worldwide. Today Essel Propack commands a 25% global market share and is a preferred global supply partner to Unilever, Colgate Palmolive, P&G, Glaxosmithkline amongst others.

Hinduja TMTs Board meeting postponed

Hinduja TMT Ltd has informed BSE that the Board meeting of the Company scheduled to be held on April 22, 2002 to consider interim dividend is postponed.

Sterlite Industries fixes record date for Scheme of Arrangement

Sterlite Industries India Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has approved the Scheme of Arrangement filed by the company for purchase and consequent cancellation of its equity shares representing not more than 50% of its paid up capital (i.e. 27996278 equity shares of the face value of Rs 5/- each). As required by the Scheme of Arrangement, the Board of Directors has fixed May 20, 2002 as the record date by reference to which the eligibility of the shareholders for the purchase of equity shares pursuant to the Scheme of Arrangement shall be determined.

Tata Chemicals FY-02 results by June 30, 2002

Tata Chemicals Ltd has informed BSE that since the Company will be publishing audited results for the financial year ended March 31, 2002 within three months from the end of the financial year (ie by June 30, 2002) the unaudited quarterly results for the last quarter ended March 31, 2002 will not be published by April 30, 2002.

Jindal Steel & Power allots warrants on preferential basis

Jindal Steel & Power Ltd has informed BSE that 25,00,000 warrants have been allotted today (April 19, 2002) to the following allottee companies. Name of the Company No of Warrants Navin Sponge Iron Pvt Ltd 12,50,000 Opelina Finance & Invt Pvt Ltd 12,50,000

Punjab Tractors FY 02 results on April 26, 2002

A meeting of the Board of Directors of Punjab Tractors Ltd is scheduled to be held on April 26, 2002 to consider and take on record the unaudited financial results (Provisional) of the Company for the financial year ended March 31, 2002.

NIIT Q2 results on April 29, 2002

NIIT Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on April 29, 2002 to consider and take on record the unaudited financial results for the quarter ended March 31, 2002.

Reckitt Benckiser Q1 net loss at Rs 21.70 million

Reckitt Benckiser Ltd has posted a net loss of Rs 21.70 million for Quarter ended March 31, 2002 as compared to net profit of Rs 67.40 million for corresponding period last fiscal. The total income has decreased from Rs1484.80 million in MQ 2001 to Rs 1182.60 million in MQ 2002. The Company disengaged from joint venture from July 4, 2001; hence the financial results for the current quarter is not on a like to like basis with the corresponding quarter for the previous year. The provision for taxation for MQ 2001 is Rs 31.70 million, whereas there is a negative provision for taxation of Rs 6.20 million for MQ 2002.Negative provision for taxation in the first quarter represents deferred tax assets generated during first quarter 2002. Provision for taxation, for the year ended 2001 is net of deferred tax assets for the year estimated at Rs 8.352 million. The deferred tax liability upto December 2000 of Rs 85.426 million has been adjusted against general reserves as on December 29, 2001

Remsons Board to seek shareholders approval for sale/transfer/disposal of Company's undertaking at Pune

Remsons Industries Ltd has informed BSE that the Board of Directors of the Company at their meeting held on April 19, 2002 have subject to approval of shareholders, resolved to sell/transfer/dispose of the Company's undertaking situated at Pune, engaged in the manufacture and sale of control cables and brake shoes. The Company will approach its shareholders for passing of resolution by Postal Ballot.

Mr Anil Sharma appointed as Company Secretary of Irplast Adhesives India

Irplast Adhesives India Ltd has informed BSE that Mr Anil Sharma has been appointed as Company Secretary of the Company.

Mr Amarinder Singh resigns from Directorship of Industrial Cables

Industrial Cables India Ltd has informed BSE that Maharaja Amarinder Singh has resigned from Directorship of the company w e f March 25, 2002.

CRISIL Compensation Committee allots options under ESOP

Credit Rating Information Services of India Ltd (CRISIL) has informed BSE that the Compensation Committee of the Board approved the allotment of 65,000 number of options to the employees and the whole-time Directors of CRISIL and its subsidiaries. As per the scheme, these options would be granted at the closing market price on the stock exchange, at which maximum numbers of shares were, transacted on March 28, 2002 i.e. National Stock Exchange Rs 316.75 per share. These options will vest with the employees after one year and are exercisable between March 29, 2003 and March 28, 2005. As the ESOP has been granted at market price, there will be, on this account, no provisions in the Profit & Loss Account of the Company. To the extent the options are exercised, the Company would issue additional shares for cash.

Subex Systems Board to consider preferential allotment of shares to TD Bank

A meeting of Board of Director of Subex Systems Ltd has been scheduled to be held on April 27, 2002, inter alia, for consideration and taking on record the unaudited financial results for the year ending March 31, 2002 and allotment of shares on preferential basis to TD Bank.

Mr Saibal Kanti Gupta appointed as Chairman of Vesuvius India

A meeting of the Board of Directors of Esab India Ltd is scheduled to be held on April 26, 2002 to take on record the Unaudited Financial Results (Provisional) for the quarter ended March 31, 2002.