The Board of Directors of Vaibhav Gems Ltd at their meting held on December 14, 2002 has made an allotment of 52,80,300 fully paid up equity shares of Rs 10 each as Bonus Shares.
IDBI nominates R K Ralhan on the Board of Linaks Microelectronics
Linaks Microelectronics Ltd has informed BSE that Shri R K Ralhan has been nominated by IDBI as a Director on the Board of Directors with effect from September 13, 2002. Further Shri R S Shukla ceased to be Director of the Company pursuant to nomination withdrawn by IDBI with effect from September 13, 2002.
Agro Dutch Industries announces change in Management Structure
Agro Dutch Industries Ltd has informed BSE that Mr C Parthasarathy and Mr Dilsher Bhinder have resigned from the Board of Directors of the Company.
Further, Mr Arvind Kalra has joined the Board of Directors of the Company as outside Professional Director.
Zicom bags a prestigious order from Bureau of Civil Aviation Security
Zicom Electronic Security Systems Ltd has informed BSE that it has bagged a prestigious order worth Rs 17.50 million from Bureau of Civil Aviation Security (BCAS) for supply of Integrated Computerised Photo Identity Card Issue system. As per the contract 1,80,000 cards will be printed for issuing at 4 international airports - Mumbai, Delhi, Chennai and Kolkata.
Abee Info Consumables launches its operations in Gulf with Dia-An-EasyFill
Abee Info Consumables Ltd announced the launch of Dial-An-Easyfill 6064304 (Jeddah, Saudi Arabia) a concept that is set to revolutionise trends in the IT industry in an exclusive tie up with a Saudi-Arabian firm 'Wezam Ghazi Zain Awadallah recently 'Sheik Wezam Al-Madani is responsible for marketing Dial-AnEasyFill service in the entire Gulf region as per the agreement between Abee Info-Consumables Ltd., Pune and Wezam Ghazi Zain Awadallah, Jeddah, Saudi Arabia.
Dial-An-EasyFill - 6064304, is in all probability the second service of its kind, globally, after India, whereby customers / users can avail of a refill facility at their doorstep just at the dial of a number. This unique service offers users cash savings as high as 80% on a single refill as compared to the exorbitantly priced OEM cartridges and at the same international quality. The refill options is that the refill will Dial-An-EasyFill - 6064304, the process of refilling takes place at the user installation in his / her presence. There is no need to take the cartridge out of the user's site.
J&P Coats along with Coats plc makes Final Offer to acquire balance public shareholding in Madura Coats
DSP Merrill Lynch Ltd has informed BSE that J & P Coats Ltd, Scotland (JPC) with Coats Plc, Person Acting in Concert (Coats) had made an Open Offer (Letter of Offer dated September 17, 2002) to acquire upto 21,669,392 fully paid up Equity Shares of Rs 10 each representing 36.82 % of the Equity Capital of Madura Coats Ltd (MCL) at a price of Rs 40 per share. The said Open Offer resulted in the public Shareholding to less than 10 % of the voting capital.
JPC and Coats (Acquirer and PAC) are now making a Final Cash Offer to purchase the outstanding public shareholding of MCL comprising 4,131,027 shares (representing 7% of the equity share capital) at a price of Rs 40 payable in cash.
The Date of Opening of the Offer is December 16, 2002.
The Date of Closing of the Offer is December 30, 2002.
Further, for the Shareholders who due to certain reasons are not in position to accept the Final Offer, an exit facility at the Offer Price shall be provided by the acquirer for a period of six month from the Final Offer opening date i.e. till June 16, 2003.
Balkrishna Industries shuts down its paper plant for three weeks to carry out renovation
Balkrishna Industries Ltd has informed BSE that the Paper Plant of the company has been shut with effect from December 02, 2002 for a period of three weeks to carry out certain modifications, renovation & capacity expansion.
Info-Drive Software plans to launch CD-ROM on Bharata Natyam
Info-Drive Software Ltd has informed BSE that they have planned to launch the World's first CD-ROM on Indian dance: Bharata Natyam, on the net.
Jain Irrigation Systems signs transaction agreement with GE Plastics India
Jain Irrigation Systems Ltd has informed BSE that it has signed the Definitive Transaction Agreement for sale of 2 Polycarbonate Equipments and other assets to GE Plastics India Ltd (GEPIL).
Under a separate arrangement the company has sought to lease similar equipment in for use in 100% EOU for domestic & exports sales of Polycarbonate sheets. Hence the turnover is unlikely to be affected by the sale of equipment and other assets.
The company has further informed that the Transaction Agreement is subject to certain conditions precedent and it is making efforts to achieve closing in the next couple of weeks.
Operations suspended at Kanjur-Mumbai Plant of Jolly Board
Jolly Board Ltd has informed BSE that due to labour dispute on Bonus, the manufacture of Hardboard at Kanjur Plant, Mumbai (which accounts for 30%) has been suspended with immediate effect. However manufacture of Softboards is being continued.
Mangalam Cement denies News Item
With reference to a News Item published in a leading financial daily stating multinational Lafarge and Italcementi are in talks to acquire Mangalam Cement Ltd, the company has clarified that the news item is not correct and is misleading.
SREI International Finance promotes a Wholly Owned Subsidiary
SREI International Finance Ltd has informed BSE that it has promoted a wholly owned subsidiary Company "SREI Money Mall Ltd" with a paid up capital of Rs 0.5 million to, inter alia, act as distributors or agents of financial and non financial products and services.
Soffia Software Board approves in principle merger of TranSys Technologies with the Company
Soffia Software Ltd has informed BSE that the Board of Directors at its meeting held on December 13, 2002 has approved in principle the proposal to merge TranSys Technologies Pvt Ltd with the Company subject to complying with various formalities including approval of the Board of Directors of TranSys Technologies Pvt Ltd and the determination of the exchange ratio for shares and all statutory approvals to be obtained.
