Aksh Optifibre Q4 net down by 75.86%, FY-02 net down by 0.89%

Aksh Optifibre Ltd has posted a net profit of Rs 31.58 million for quarter ended March 31, 2002 as compared to Rs 130.81 million for the corresponding period last fiscal. The total income has increased from Rs 524.84 million in MQ 2001 to Rs 530.56 million in MQ 2002. The Company has posted a net profit of Rs 189.44 million for FY-02 as compared to Rs 191.15 million for FY-01. The total income has increased from Rs 1297.40 million for FY-01 to Rs 2044.21 million for FY-02. The Board has recommended a final dividend of Re 1.00 per share for the financial year 2001-02.

Crisil clarifies on news item

With reference to a news article appearing in a leading financial daily quoting "S & P plans hike in Crisil stake to reflect growing links" Credit Rating & Information Services of India Ltd has informed BSE that there is no immediate plan to increase Standard & Poor's holding in Crisil. Standard & Poor's and Crisil will work to consolidate their workings together, and will review the question of ownership at a later time.

Ajay Maroo resigns from Directorship of Oriental Bank

Oriental Bank of Commerce has informed BSE that Mr Ajay Maroo, Director has resigned from the Board of the Bank on April 15, 2002.

Punjab Anand Q1 net profit up by 29.50%

Punjab Anand Lamp Industries Ltd has posted a net profit of Rs 57.50 million for the quarter ended March 31, 2002 as compared to Rs 44.40 million in the corresponding period last fiscal. Total Income (net of excise) has increased from Rs 288.80 million in MQ-2001 to Rs 377.50 million in the quarter ended March 31, 2002.

Burroughs Wellcome Q1 net up by 86.97%

Burroughs Wellcome India Ltd has posted a net profit of Rs 48.80 million for the quarter ended March 31, 2002 as compared to a net profit of Rs 26.10 million for the corresponding period last fiscal. Total Income has increased from Rs 325 million in the quarter ended March 31, 2001 to Rs 375.80 million in the quarter ended March 31, 2002.

Aptech Q1 net loss at Rs 28.39 million

Aptech Ltd has posted a net loss of Rs 28.39 million for the quarter ended March 31, 2002 as compared to a net profit of Rs 27.17 million in the corresponding period last fiscal. Total Income has decreased from 697.10 million in MQ-2001 to Rs 151.93 million in the quarter ended March 31, 2002. The corresponding quarter for the previous year figures includes transactions for Aptech Ltd Training and Education Division and does not include the figures in respect of Hexaware Technologies Ltd and accordingly the current quarter figures are not comparable to that of previous quarter. The name of the Company has been changed from Aptech Ltd to Hexaware Technologies Ltd.

Philips Q1 net profit at Rs 190.80 million

Philips India Ltd has posted a profit of Rs 190.80 million for the quarter ended March 31, 2002 as compared to a net loss of Rs 63.60 million for the corresponding period last fiscal. Total Income has increased from Rs 3465.60 million in the quarter ended March 31, 2001 to Rs 3741.70 million in the quarter ended March 31, 2002. During the current quarter exceptional items (net)-- income stood at Rs 50.40 million. Exceptional items include payment under employee's voluntary retirement scheme - Rs 73.90 million and profit on sale of property-Rs 124.30 million. The exceptional item (net) -- charge stood at Rs 85.50 million for MQ 2001.

GAIL Q4 net up by 19.16%, FY-02 net up by 3.97%

Gas Authority of India Ltd has posted a net profit of Rs 3210.80 million for quarter ended March 31, 2002 as compared to Rs 2694.60 million for the corresponding period last fiscal. The total income has increased from Rs 26324.10 million in MQ 2001 to Rs 27155.50 million in MQ 2002. The Company has posted a net profit of Rs 11709 million for FY-02 as compared to Rs 11261.70 million for FY- 01. The total income has increased from Rs 102007 million for FY-01 to Rs 107449.70 million for FY-02.

ITDC to consider proposal of divestment of incomplete hotel project at Chandigarh

A meeting of the Board of Directors of India Tourism Development Corporation Ltd (ITDC) will be held on April 29, 2002 to consider the proposal for divestment of the incomplete hotel project at Chandigarh by creating 100% subsidiary company of ITDC and sale of 100% shareholding.

Crisil FY-02 net profit up by 35.17%

Credit Rating Information Services of India Ltd (Crisil) has posted a net profit of Rs 130.77 million for the year ended March 31, 2002 as compared to Rs 96.64 million in the previous financial year. Total Income has increased from Rs 515.37 million in FY-01 to Rs 692.94 million in the year ended March 31, 2002. The Board of Directors has recommended a dividend of Rs 6.50 per share having nominal value of Rs 10 each.

Essel Propack Q1 net up by 14.74%

Essel Propack Ltd has posted a net of Rs 109 million for the quarter ended March 31, 2002 as compared to a net profit of Rs 95million for the corresponding period last fiscal. Total Income has decreased from Rs 635 million in the quarter ended March 31, 2001 to Rs 607million in the quarter ended March 31, 2002. The consolidated results are as follows: The Company has posted a net profit of Rs 153 million for MQ 2002 whereas the same was Rs 91 million for MQ 2001.The net sales for MQ 2002 is Rs 1138 million whereas the same was Rs 651 million for the corresponding period last fiscal. The Consolidated figures for Quarter ended March 31, 2002 are not comparable with the previous year since the operations of the Propack units which were acquired in April 2001 were not a part of the operations for the quarter ended March 31, 2001.

Colgate Palmolive to consider declaration of interim dividend

A meeting the Board of Directors of Colgate Palmolive India Ltd will be held on May 03, 2002 to consider and declare second interim dividend for the financial year 2001-2002.

Bombay High Court sanctions merger of Wimco Greenbelts and Gladhill Trading with Wimco Seedlings

Wimco Ltd has informed BSE that the High Court of Judicature at Bombay has today (April 26, 2002) sanctioned, the Scheme of Amalgamation for merger of Wimco Greenbelts Ltd and Gladhill Trading Ltd with Wimco Seedlings Ltd., the wholly owned subsidiaries of the Company. However, the Scheme will be effective on the date of filing of the certified copies of Orders passed by the High Court of Judicature at Bombay with the Registrar of Companies, Maharashtra, Mumbai.

Punjab Tractors FY-02 net down by 10.24 %

Punjab Tractors Ltd has posted a net profit of Rs 1010 million for the year ended March 31, 2002 as compared to Rs 1125.20 million in FY-01. The total income has decreased from Rs 9665.10 million in the year ended March 31, 2001 to Rs 8894 million in the year ended March 31, 2002.

Raymond FY-02 net profit at Rs 881.10 million

Raymond Ltd has posted a net profit of Rs 881.10 million for the year ended March 31, 2002 as compared to Rs 2663.20 million in the previous financial year. Total Income (net of excise) has fallen from Rs 13025.60 million in FY-01 to Rs 9254 million in the year ended March 31, 2002. The Board has recommended an equity dividend of 45%. The Company divested its Steel and Cement Divisions in September 2000 and January 2001 respectively. Therefore the figures for the current year are not comparable with those of the previous year. During FY-01 the company had earned an extra ordinary income of Rs 3391.70 million. During FY-02 the company has incurred an exceptional exp of Rs 21.50 million.

Sterlite Optical Tech. Board to consider equity dividend for FY-02

Sterlite Optical Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2002 to consider declaration of equity dividend for the year ended March 31, 2002.

Indian Rayon FY-02 results rescheduled on May 06, 2002

Indian Rayon and Industries Ltd has informed BSE that the Board of Directors of the Company will meet on May 06, 2002.instead of May 04, 2002 to: 1. Approve the audited accounts of the company for the year ended March 31, 2002 and 2. To recommend payment of Dividend on Equity shares for the year ended March 31, 2002.

Philips Board approves scheme of amalgamation

The Board of Directors of Philips India Ltd at the Board meeting held today (April 26, 2002) has approved the scheme of amalgamation of Punjab Anand Lamp Industries Ltd, Philips Glass India Ltd and Electrical Lamp Manufacturers Ltd with the company. The Board of Directors has also approved the share exchange ratio as recommended by M/s S B Bilimoria & Co and M/s N M Ranji & Co Chartered Accountants in their valuation report, as under: Shareholders of Punjab Anand Lamp Industries Ltd will be entitled to receive eleven equity shares of Philips India Ltd for every ten equity shares held by them in Punjab Anand Lamp Industries Ltd. Shareholders of Philips Glass Ltd will be entitled to receive one equity share of Philips India for every seven equity shares held by them in Philips Glass India Ltd. Electrical Lamp Manufacturers India Ltd being a wholly owned subsidiary of the company, no shares will be issued and shares held by Philips India Ltd therein will be cancelled. The scheme of amalgamation is inter-alia subject to the approvals of the High Courts at Kolkata, Chandigarh & Ahmedabad.

ICICI Bank Q4 results on May 03, 2002

A meeting of the Board of Directors of ICICI Bank Ltd will be held on May 03, 2002 to consider and take on record the audited financial accounts for the quarter ended March 31, 2002.

Aptech Ltd fixes book closure date for AGM

Aptech Ltd has informed BSE that the ninth AGM of the company will be held on June 03, 2002. The register of members and share transfer register would be closed from May 31, 2002 to June 03, 2002 (both days inclusive).

Punjab Anand Lamp Board approves scheme of amalgamation

The Board of Directors of Punjab Anand Lamp Industries Ltd at its board meeting held today (April 26, 2002) approved the scheme of amalgamation of the company with Philips India Ltd. The Board of Directors has also approved the share exchange ratio as recommended by M/s S B Bilimoria & Co and M/s N M Raiji & Co in their valuation report ie shareholders of the company will be entitled to receive eleven equity shares of Philips India Ltd for every ten equity shares held by them in the company. The scheme of amalgamation is inter-alia subject to the approval of the shareholders and the High Court at Chandigarh.

C G Glass Board approves scheme of amalgamation

The Board of Directors of C G Glass Ltd at its board meeting held today (April 26, 2002) approved the scheme of amalgamation of the company with Philips India Ltd. The Board of Directors has also approved the share exchange ratio as recommended by M/s S B Bilimoria & Co and M/s N M Raiji & Co in their valuation report ie shareholders of the company will be entitled to receive one equity share of Philips India Ltd for every seven equity shares held by them in the company.

Shree Rama Multi-Tech H1 results by May 31, 2002

Shree Rama Multi-Tech Ltd will publish the audited half yearly results for the half year ending March 31, 2002 by May 31, 2002.

Aftek Infosys Q3 net up by 5.97%

Aftek Infosys Ltd has posted a net profit of Rs 90.73 million for quarter ended March 31, 2002 as compared to Rs 85.61 million for the corresponding period last fiscal. The total income has increased from Rs 154.34 million in MQ 2001 to Rs 167.75 million in MQ 2002 Considering the business in hand and the fresh business in services out of Europe and U K the Company expects to achieve a growth rate of 40% during the financial year 2002-03

H G Broetz MD of E Merck India to retire from June 30, 2002

E Merck India Ltd has informed BSE that H G Broetz, Managing Director of the company will retire from the services of the company with effect from June 30, 2002. Henbert Mauer will succeed Broetz as Managing Director wef from July 01, 2002.

TVS Motor Q4 net at Rs 231.90 million, FY-02 net down by 14.48%

TVS Motor Company Ltd has posted a net profit of Rs 231.90 million for the quarter ended March 31, 2002 as compared to Rs 42.30 million for the quarter ended March 31, 2001. Total income for the quarter ended March 31, 2002 is at Rs 5819.10 million as compared to Rs 4403.90 million in MQ-01. The company has posted a net profit of Rs 535.80 million for the year ended March 31, 2002 as compared to Rs 626.50 million in FY-01. The total income has increased from Rs 18324.20 million in the year ended March 31, 2001 to Rs 19442.90 million in the year ended March 31, 2002.

Hindustan Inks enters into Ink Purchase agreement

Hindustan Inks & Resins Ltd has entered into an Ink Purchase Agreement with M/s R R Donnelley & Sons Company by Micro Inks Corporation, USA a wholly owned subsidiary of the company's wholly owned subsidiary. The agreement period is from January 01, 2002 to March 31, 2005 and accordingly the period of the said agreement is 3 years and 3 months.

Mirco Benatti resigns from Directorship of Orchid Chemicals & Pharmaceuticals

Orchid Chemicals & Pharmaceuticals Ltd has informed BSE that Mr Mirco Benatti, Director has resigned from the Directorship of Orchid Chemicals & Pharmaceuticals Ltd w e f April 23, 2002. Consequently Dr Jitendra N Dwivedi who is an alternate to Mr Mirco Benatti also ceases to be a Director of Orchid Chemicals & Pharmaceuticals Ltd

Tata Tea FY-02 results by June 30, 2002

Tata Tea Ltd will publish the audited financial results for the year ended March 31, 2002 by June 30, 2002. The company will therefore not publish the unaudited financial results for the quarter ended March 31, 2002.

HBL Nife Power Board approves buyback

The Board of Directors of HBL Nife Power Systems Ltd at its meeting held today (April 26, 2002) has approved buyback of 28,15,000 equity shares of Rs 10 each of the company as per the provisions of the Companies Act 1956. The maximum price fixed for the buy-back is Rs 27 per share.

Mro-Tek to acquire 50% stake in a Singapore based company

Mro-Tek Ltd has informed BSE that the company has initiated necessary steps to acquire 50% stake in a Singapore-based company in order to commercialize the knowledge the company has acquired, over the years, in the allied activities of Network Design & Maintenance. The company has also set up a specialized in-house team for this purpose, naming the division e-Sand division. Export potential for these services are being investigated, initially in the far eastern countries, whereafter, requisite steps shall be initiated to further expand the activities to other Global Centers.

Swaraj Engines FY-02 net profit at Rs 162 million

Swaraj Engines Ltd has posted a net profit of Rs 162 million for financial year ended March 31, 2002 as compared to Rs 160.40 million for FY-01. The total income for FY-02 is Rs 1142 million as compared to Rs 1189.10 million for the corresponding period last fiscal.

Sun Pharma Q4 net up by 28.85 %, FY-02 net up by 27.49%

Sun Pharmaceutical Industries Ltd has posted a net profit of Rs 403.70 million for the quarter ended March 31, 2002 as compared to Rs 313.30 million for the quarter ended March 31, 2001. Total Income for the quarter ended March 31, 2002 is at Rs 1825.80 million as compared to Rs 1,638.70 million in MQ-01. The company has posted a net profit of Rs 1,723.40 million for the year ended March 31, 2002 as compared to Rs 1,351.80 million in FY-01. The total Income has increased from Rs 6,201.60 million in the year ended March 31, 2001 to Rs 7,546.80 million in the year ended March 31, 2002.

Omax Autos to start production at its fourth plant at Gurgaon by last week of April 2002

Omax Autos Ltd has informed BSE that the company is starting production in its fourth plant at Gurgaon, Haryana in the last week of April 2002.

Glaxo SmithKline Q1 net up by 49.15%

Glaxo SmithKline Pharmaceuticals Ltd has posted a net profit of Rs 227.90 million for the quarter ended March 31, 2002 as compared to a net profit of Rs 152.80 million for the corresponding period last fiscal. Total Income (net of excise) has increased from Rs 2455.70 million in the quarter ended March 31, 2001 to Rs 2713.30 million in the quarter ended March 31, 2002. During MQ 2002, the company has incurred an extraordinary expense of Rs 30.20 million towards cost of staff separation and retirement benefits.

GNFC FY-02 results on May 10, 2002

A meeting of the Board of Directors of Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) will be held on May 10, 2002 to consider audited annual accounts and recommendation of dividend, if any for the year ended March 31, 2002.

STCI to withdraw application filed with DCA for reduction of share capital

State Trading Corporation of India has informed BSE that it has been decided to withdraw application filed for reduction of capital pending before the Dept. of Company Affairs, Govt. of India.

BSE imposes Special Margin on 2 scrips

BSE has informed the members of the exchange that Special Margin of 25% has been imposed in the under mentioned scrip with effect from today (April 26, 2002). Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net). Code Name 523630 NATIONAL FERTILIZER LTD 531659 TRANSNATION SECURITIES LTD