Pentamedia Q4 net down by 68.87 %, FY-02 net down by 35.70%

Pentamedia Graphics Ltd has posted a net profit of Rs 105.1 million for the quarter ended March 31, 2002 as compared to Rs 337.60 million in the corresponding period last fiscal. Total Income has decreased from Rs 1452.70 million in the quarter ended March 31, 2001 to Rs 641.30 million in the quarter ended March 31, 2002. The company has posted a net profit of Rs 987.40 million for the financial year ended March 31, 2002 as compared to Rs 1535.5 million in the year ended March 31, 2001. Total Income has decreased from Rs 5701.6 million in FY-01 to Rs 4618.80 million in the year ended March 31, 2002. The consolidated results are as follows: The Company has posted a net profit of Rs 1314.50 million for financial year ended March 31, 2002. The total income for FY-02 is Rs 6611.70 million. The Company has posted a net profit of Rs 152.50 million for MQ 2002. The total income is Rs 1259.30 million for MQ 2002. The board has recommended a dividend of 50 paise per share The board has approved the issue of bonus shares at the rate of 1equity share for every 10 equity shares held.

Bank of Baroda FY-02 results by June 30, 2002

Bank of Baroda has informed BSE that it proposes to publish the audited financial results for the quarter/ year ended March 31, 2002 by June 30, 2002.

Inox Chem & consortium make open offer to shareholders of Inox Leasing & Finance

Imperial Corporate Finance & Services Pvt Ltd (Manager to the offer/Imperial) on behalf of Inox Chemicals Pvt. Ltd, Siddho Mal Air Products Pvt Ltd, Siddho Mal Investments Private Ltd, Siddhapavan trading & Finance Pvt. Ltd., Sitashri trading & Finance Pvt. Ltd and Devansh Trading & Finance Pvt. Ltd (herein after referred to as "Acquirers") & Jain consortium ("Persons acting in concert")(PAC) are making a voluntary offer to the public shareholders of Inox Leasing and Finance Ltd (ILFL) belonging to Inox group ("Target Company") to acquire upto 27,08,756 fully paid up equity shares of Rs 10 each representing 25.51% of the paid up equity share capital of ILFL at a price of Rs 10 per share ("Offer Price") payable in cash. Acquirers hold 55.72% equity shares in ILFL and PAC holds 18.77% equity shares in ILFL. The specified date for offer is May 02, 2002. The date of opening of offer is June 06, 2002. The date of closing of offer is July 06, 2002.

Moschip to issue further equity/warrants to identified investors

Moschip Semiconductor Technology Ltd has informed BSE that the following business was transacted at the meeting of the Board of Directors held today (April 24, 2002). Issue of further 12,66,000 equity shares and 6,00,000 warrants on private placement basis to identified investors. The allotment of 31,60,000 equity shares and 9,50,000 warrants passed in the EGM held on March 27, 2002 is under process. An Extra-Ordinary General meeting is scheduled to be held on May 22, 2002.

Mukta Arts enters into an agreement with SET for assignment of Satellite telecast rights

Mukta Arts Ltd enters into an agreement with SET India Pvt Ltd assigning Satellite Telecast Rights of its movie library for an amount of Rs 161 million for a period of five years.

P&G Hygiene Q3 PAT up by 12.16%

Procter & Gamble Hygiene & Health Care Ltd has posted a Profit After Tax (PAT) of Rs 120.80 million for the quarter ended March 31, 2002 as compared to Rs 107.70 million for the quarter ended March 31, 2001. The total income has decreased from Rs 1049.90 million for MQ 2001 to Rs 928.20 million for MQ 2002. The Company had earned an extraordinary income of Rs 100.50 million during the quarter ended March 31, 2001 after consideration of which the net profit for MQ-01 stood at Rs 208.20 million. During the Quarter ended March 31, 2002 the net profit is at Rs 120.80 million. Commenting on the performance Mr Bharat Patel Chairman Procter & Gamble Hygiene & Health Care Ltd said "Our third quarter sales are down because of continuing slowdown in economy resulting in decline in most established packaged consumer goods category. We have strong plans for the remaining part of the fiscal and next year so that sales decline turns into significant sales increase."

BPL Q4 results on April 30, 2002

A meeting of the Board of Directors of BPL Ltd will be held on April 30, 2002 to consider and take on record the un-audited financial results for the quarter and year ended March 31, 2002.

Munjal Showa intends to set up a plant at Manesar

Munjal Showa Ltd has informed BSE that the company intends to set up a plant at Manesar, Gurgaon by investing around Rs 250 million subject to necessary clearances from the relevant authorities in case no clearance from relevant authorities then the expansion will be carried out in the existing unit in the range of around Rs 100 million. Company has grown in the past @20% plus and same trend will continue in the year 2001-2002. Net turnover (net of excise) will be in the range of Rs 3160 million to Rs 3200 million. Suzuki Motor Corporation has given drawings of shock absorbers to Munjal Showa for their two-wheeler models for development of shock absorbers. Likewise Honda Siel has also given the drawings for status of their new four-wheeler models. Considering the growth of the company in the financial year 2001-2002 a higher dividend in the range of 40% to 50% may be declared by the Board subject to the confirmation of shareholders.

Utkal Invt makes open offer to acquire 20% stake in Revathi Equipment at Rs 234

Utkal Investments Ltd (UIL) has entered into a share purchase agreement dated April 21, 2002 with Atlas Copco India Ltd (AC) and Chicago Pneumatic Tool Company USA (CP), the promoters for the purchase of 12,80,200 fully paid up equity shares of Rs 10/- each representing 39.88% of the total paid up equity share capital of the Revathi CP Equipment Ltd (REL) at a price of Rs 234/- per share payable in cash aggregating to Rs 29,95,66,800/-. UIL will acquire Shares under the Share Purchase Agreement subject to the Sellers obtaining the requisite approvals from Reserve Bank of India (RBI). Ind Global Corporate Financial Pvt Ltd has informed BSE that UIL is making an offer to the remaining shareholders of REL to acquire 6,41,960 equity shares representing 20% of the paid up equity share capital of REL at a price of Rs 234 per fully paid up equity share payable in cash. The offer is not subject to any minimum level of acceptance. The Specified date of the offer is April 26, 2002. The date on which the offer will open is June 10, 2002. The date of closing of the offer is July 09, 2002.

Ashok Leyland FY-02 results on May 07, 2002

A meeting of the Board of Directors of Ashok Leyland Ltd will be held on May 07, 2002 to take on record the audited financial results of the company for the year ended March 31, 2002 and to recommend a dividend.

Sterlite Optical Tech FY-02 results on April 29, 2002

A meeting of the Board of Directors of Sterlite Optical Technologies Ltd is scheduled to be held on April 29, 2002 to consider and take on record the audited financial results of the Company for the year ended March 31, 2002.

Wipro allots equity shares pursuant to exercise of stock options

Wipro Ltd has informed BSE that the Board of Directors vide circular resolution effective April 22, 2002 resolved to issue and allot 3424 equity shares of Rs 2 each pursuant to exercise of stock options by eligible employees.

Soffia Software to consider issue of GDRs/equity shares

Soffia Software Ltd has informed BSE that a Board Meeting of the Company will be held on April 30, 2002 to consider the following: 1. Consideration of unaudited financial results for the third quarter ended and nine months ended March 31, 2002. 2. Issue of equity shares or equity linked instruments and/or equity warrants and /or partly or fully optionally/ compulsorily convertible debentures and /or any other equity linked securities of the Company to FIs/ FIIs /OCBs/NRIs/ Promoters/Promoter Group Companies/Associates/ Mutual Funds/Pension Funds etc by mode of cash or stock or both, including for purposes of acquisition of Companies in India or abroad. 3. Issue of Global Depository Receipts or such other securities underlined by equity shares of the Company subject to approvals from RBI, GOI, SEBI & other statutory authorities. 4. Enhancement of FIIs/NRIS/OCBs limits.

BSES FY-02 results by June 30, 2002

BSES Ltd has informed BSE that the Company will be publishing audited financial results for the year ended March 31, 2002 within three months from the close of the financial year (ie by June 30, 2002).

ABB Q1 net up by 31.35%

Asea Brown Boveri Ltd has posted a net profit of Rs 62.04 million for the quarter ended March 31, 2002 as compared to Rs 47.23 million for the quarter ended March 31, 2001. The total income has increased from Rs 2040.18 million for MQ 2001 to Rs 2436.74 million for MQ 2002.

S K Verma appointed as Director of Tamilnadu Telecommunications

Tamilnadu Telecommunications Ltd has informed BSE that the Board of Directors of the Company at their meeting held on April 22, 2002 has appointed Mr S K Verma, Executive Director (A. N.) Telecommunications Consultants India Ltd, as Director on the Board of TTL.

Members of India Cements Capital approve issue of equity shares on preferential basis

India Cements Capital & Finance Ltd has informed BSE that at the Extraordinary General Meeting of the company held today (April 24, 2002) the members have unanimously passed the resolution approving the proposed issue of 85,35,000 equity shares on preferential basis to the promoter group companies.

S Naresh Kumar appointed as Company Secretary of Rockwool India Ltd

Rockwool India Ltd has informed BSE that Mr S Naresh Kumar has joined the Company as Company Secretary from April 22, 2002. Further Mr S Naresh Kumar will act as Compliance Officer on behalf of the Company.

Krone Communications Q1 net down by 44.69%

Krone Communications Ltd has posted a net profit of Rs 14.60 million for the quarter ended March 31, 2002 as compared to Rs 26.40 million for the corresponding period last fiscal. Total Income (net of excise) has decreased from Rs 163.80 million in the quarter ended March 31, 2001 to Rs 133.20 million in the quarter ended March 31, 2002.

Automotive Axles Q2 net profit up by 27.87%

Automotive Axles Ltd has posted a net profit of Rs 46.52 million for the quarter ended March 31, 2002 as compared to Rs 36.38 million in the corresponding period last fiscal. Total Income (net of excise) has increased from Rs 413.84 million in the quarter ended March 31, 2001 to Rs 483.59 million in the quarter ended March 31, 2002.

Kinetic Motor Cos Pithampur plant observes a planned re-layout and maintenance shutdown

Kinetic Motor Co. Ltd has informed BSE that Pithampur Plant of the company will be observing a planned re-layout and maintenance shutdown from April 22, 2002 to May 05, 2002 (both days inclusive), during which the plant facilities will be re-laid for mass production of 4 stroke scooters. For last 15 years the company has been manufacturing 2 stroke scooters.

Grasim FY-02 results on May 02, 2002

A meeting of the Board of Directors of Grasim Industries Ltd will be held on May 02, 2002 to consider and take on record the audited financial results of the company for the year ended March 31, 2002. At the aforesaid meeting the Board will also consider recommendation of dividend for FY-02. Since the company will publish the audited financial results the company will not publish unaudited results for the quarter ended March 31, 2002.

Tele Data Informatics approves allotment of shares on preferential basis

Tele Data Informatics Ltd has informed BSE that the Board of Directors of the company has approved the allotment of 1135000 equity shares of Rs.10/- each at a premium of Re.1/- per share to Net Tracking Solutions INC, Botswana for consideration other than cash on a preferential basis, subject to necessary approvals.

Infotech Enterprises Q4 net up by 86.19%, FY-02 net up by 48.75%, declares 1:1 bonus

Infotech Enterprises Ltd has posted a net profit of Rs 78.20 million for the quarter ended March 31, 2002 as compared to Rs 42 million in the corresponding period last fiscal Total Income has increased from Rs 182.70 million in the quarter ended March 31, 2001 to Rs 277.50 million in the quarter ended March 31, 2002. The company has posted a net profit of Rs 256.30 million for the financial year ended March 31, 2002 as compared to Rs 172.30 million in the year ended March 31, 2001. Total Income has increased from Rs 602 million in FY-01 to Rs 1004.70 million in the year ended March 31, 2002. The Board has recommended a dividend of 24% for the year 2001-2002. The Board has also recommended issue of bonus shares in the ratio of 1:1, subject to the approval of the shareholders. The Board also approved the appointment of Mr Sudhir Sethi as President & Executive Director, subject to the approval of shareholders.

Sierra Optima fixes record for reduction in Share Capital

BSE has informed the members of the exchange that Sierra Optima Ltd has fixed May 13, 2002 as the record date for the purpose of reduction of share capital of the company from Rs 3,30,00,000 divided into 33,00,000 equity shares of Rs 10/- each to Rs 84,23,000 divided into 8,42,300 equity shares of Rs 10/- each be effected by cancelling and extinguishing all shares other than those held by Sierra Atlantic Inc., at Rs 75.10/- per share (being of the par value of the share and the premium) Subject to dividend tax of Rs 6.03 per share resulting in net pay out of Rs 69.07 per share. There will be no dealings in the aforesaid scrip with effect from May 06, 2002.

Vidya Manohar Chhabria appointed as Chairman of Gordon Woodroffe

Gordon Woodroffe Ltd has informed BSE that Mrs Vidya Manohar Chhabria has been appointed as a Director & Chairman of the Company under the nomination of Messrs. Jumbo World Holdings Ltd at the meeting of the Board of Directors of the Company, which was held on April 22, 2002.

TISCO FY-02 results by June 30, 2002

Tata Iron & Steel Company Ltd has informed BSE that since the Company will be publishing audited financial results for the year ended March 31, 2002 before the end of June 2002, within three months from the close of the financial year, unaudited financial results for the last quarter of the year ended March 31, 2002 will not be published.

IDBI FY-02 results by June 30, 2002

Industrial Development Bank of India has informed BSE that it shall be publishing the audited results for financial year ended March 31, 2002 within a period of three months (June 30, 2002) from the end of last quarter of the financial year ended March 31, 2002.

Sanwaria Agro Board approves stock split

The Board of Directors of Sanwaria Agro Oils Ltd at its meeting held on April 23, 2002 decided the following: An Extra-Ordinary General Meeting of the company will be held on May 20, 2002 for the purpose of sub-division of equity shares of the company to increase liquidity in trading of shares on stock exchange, The Board of Directors recommended subdivision of equity shares of one equity share having face value of Rs 10 each into two equity shares having face value of Rs 5 each.

Satyam Q4 PAT up by 3.42%, FY-02 PAT up by 55.02%

Satyam Computer Services Ltd has posted a profit after tax of Rs 1151.53 million for the quarter ended March 31, 2002 as compared to Rs 1113.43 million in the corresponding period last fiscal. Total Income has increased from Rs 3842.42 million in MQ-2001 to Rs 4825.59 million in the quarter ended March 31, 2002. The company has incurred an extra-ordinary exp of Rs 407.53 million during the quarter ended March 31, 2002 after consideration of which the net profit for the quarter ended March 31, 2002 is at Rs 744 million for MQ-2002 as against Rs 1113.43 million in the quarter ended March 31, 2001. The company has posted a profit after tax of Rs 4901.28 million for the year ended March 31, 2002 as compared to Rs 3161.63 million in the year ended March 31, 2001. Total Income has increased from Rs 12416.73 million in the year ended March 31, 2001 to Rs 18030.95 million in the year ended March 31, 2002. The company has incurred an extraordinary exp of Rs 407.53 million for the year ended March 31, 2002 after consideration of which the net profit for FY-2002 is at Rs 4493.75 million as compared to Rs 4862.88 million for FY-01 which is after consideration of an extraordinary income of Rs 1701.25 million for the financial year ended March 31, 2001.

Satyam announces results as per GAAP standards

Satyam Computer Services Ltd has announced the results as per GAAP standards: The net profit as per Indian GAAP is at US$ 15.30 million for the quarter ended March 31, 2002 as against US$23.89 million for the quarter ended March 31, 2001. The net profit as per Indian GAAP is at US$ 94.37 million for the year ended March 31, 2002 as against US$106.49 million for FY-01. The net profit as per US GAAP is at US$ 11.18 million for the quarter ended March 31, 2002 as against US$ 0.146 million in the corresponding period last fiscal.

Satyam declares final dividend of 35%

The Board of Directors of Satyam Computer Services Ltd has recommended a final dividend of 35% (Rs 0.70 per share on par value of Rs 2 per share, subject to deduction of tax, if any), subject to the approval of members. Thereby, the total dividend recommended for the year is 60% (Rs 1.20 per share on par value of Rs 2 per share), including interim dividend of 25% (Rs 0.50 per share on par value of Rs 2 per share, pro-rata basis for shares underlying ADS).

Asera strengthens relationship with Aztec

Aztec Software and Technology Services Ltd, has announced that it has reached an agreement with Asera, Inc., of Belmont, California, to expand its engineering services to include development and support of solution applications that utilize and extent Asera's eBusiness offerings. As part of the agreement, Asera's Bangalore based employees will relocate to be co-resident with Aztec at Aztec's Koramangala development center in order to create a closer working relationship between the two companies. "We are ecstatic that Asera has picked us for this important work", said Chris Brown, Aztec's President and CEO. "We are particularly looking forward to contributing to the close industry focus that Asera solutions have taken on, and the expansion of our skills in these areas", said Mr. Brown. "We see growing market recognition of Asera's technology and we are pleased to support Asera during this high-growth period", he added.

Pun Anand Lamp to consider amalgamation with Philips India

Punjab Anand Lamp Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 26, 2002 to consider, among other matters, the Scheme of arrangement for Amalgamation of the company with Philips India Ltd.

High Court approves scheme of amalgamation of Eider Commercials

The Bombay High Court has approved the scheme of amalgamation of Eider Commercials Ltd with Cranes Software International Ltd. A meeting of the Board of Directors of the company is proposed to be held on April 30, 2002 to consider interalia taking on record the scheme of amalgamation, broadcasting the Board of Directors and the taking of other necessary steps to give effect to the scheme.

J B Chemicals join hands with Neotherapeutics of USA

J. B. Chemicals & Pharmaceuticals Ltd has informed BSE that the Company's key management team led by Shri J B Mody, Chairman & Managing Director, who went abroad to explore the options for exploiting the hidden values of US patents and market the Company's Generic and Natural Herbal products, in U.S.A. found a very positive and favorable response during their discussions Overseas. On return, Shri J B Mody, Chairman & Managing Director of Company confirmed that the discussion overseas with NeoTherapeutics, INC, USA were very encouraging and fruitful. NeoTherapeutics, INC is one of the leading research based Company in California, USA with research mainly focused on CNS and oncology products segments. The USA is the biggest pharmaceutical market in the world and offers infinite potential to explore the market for Company's branded and patented products in USA. The Company plans to unlock the commercial value of its two registered patents in USA viz Controlled Release Formulations of Ranitidine and pharmaceutical Dental Formulation, along with other patents which are either in the process of filing or registration.

Supreme Ind Q3 net profit at Rs 22.93 million

Supreme Industries Ltd has posted a net profit of Rs 22.93 million for the quarter ended March 31, 2002 as compared to Rs 3.062 million for the quarter ended March 31, 2001. The total income (net of excise) has increased from Rs 1173.84 million for MQ 2001 to Rs 1455.53 million for MQ 2002. Pursuant to the Scheme of Amalgamation of SOFL and SVFL with the Company, the Company shall issue and allot 1 Equity Share of Rs 10/- each fully paid up of the Company to the (i) SOFL shareholders for every 22 Equity Shares of Rs 10/- each fully paid up of the SOFL held by them and (ii) SVFL shareholders for every 90 Equity Shares of Rs 10/- each fully paid of SVFL held by them on the Record Date, to be fixed by the Board of Directors/Committee of Directors of SIL, in due course. After the allotment of the shares to the shareholders of SOFL and SVFL as aforesaid, the paid up Equity Share capital of the company will be increased by Rs 29,73,490 (2,97,349 shares of Rs 10/- each) i.e from the present Paid up share capital of Rs 9,71,49,100 to Rs 10,01,22,590.

Amex Information bags Export orders worth Rs 250 million

Amex Information Technologies Ltd has informed BSE that the Company has achieved the following: 1. The Company has bagged export orders worth Rs. 250.00 million through its subsidiary companies in UK & Germany. 2. The Company is planning to open its branch office in Italy, in order to expand its presence in the European markets. 3. Amex has entered into an agreement with Secugen Corporation, USA for Exclusive marketing of their Biometric products like optics based identification systems, which convert, fingerprint images in to digital codes for further processing. The Security product has wide application in Bank ATMs, Time & Attendance Recorders at factories and offices, Courts, Passport Offices, Police Stations, Security areas at Defence installations, airports and research laboratories and in offices and establishments where access to computers and Other machines are restricted to a few select personnel. The Company is in the process of setting up Distributors for the sale of Secugen products in India