Dynacons Systems & Solutions Board approves 1:1 Bonus Issue

Dynacons Systems & Solutions Ltd has informed BSE that the Board of Directors at its meeting held today (December 20, 2002) has decided to issue the Bonus Shares in the ratio of 1:1 to all the Fully Paid Shareholders. An Extraordinary General Meeting is scheduled on January 22, 2003 for approval of the Shareholders to decide about Issue of Bonus Shares. The Board has also decided to increase the Authorised Capital from Rs 205 million to Rs 300 million.

Solvay Pharma acquires brand - Duvadilan from parent company

Solvay Pharma India Ltd has informed BSE that subsequent to the completion of the necessary formalities, effective December 09, 2002, the brand 'Duvadilan', (a uterorelaxant) is purchased by the Company from its parent company Solvay Pharmaceuticals BV, The Netherlands for a consideration of Rs 142.50 million.

BIFR orders reduction in Share Capital of Polychem

Polychem Ltd has informed BSE that the Board for Industrial & Financial Reconstruction (BIFR) at its hearing held on November 29, 2002 has, interalia, passed an Order stating the equity share capital of the company consisting of 1,61,61,808 equity shares of Rs 10 each shall stand reduced to 4,04,045 equity shares of Rs 10 each from the accounting year 2000-01, in terms of the Sick Industrial Companies (Special Provisions) Act, 1985. The company has further informed that a meeting of the Board of Directors of the Company is scheduled on December 26, 2002 to decided the book closure / record date for the purpose of reduction of share capital of the Company, as per the BIFR Order.

Arvind N Lalbhai resigns as Director from the Board of Tata Chemicals

Tata Chemicals Ltd has informed BSE that the Board has taken a note of the resignation of Mr Arvind N Lalbhai from the Directorship of the Company.

Triumph Distillers & Vintners becomes subsidiary of McDowell & Co

McDowell & Company Ltd has informed BSE that Triumph Distillers & Vintners Pvt Ltd has become a subsidiary of the Company.

German Remedies members approve disposal of Mumbai Unit

German Remedies Ltd has informed BSE that the shareholders of the company, through a resolution by Postal Ballot, have assented to the proposal relating to sale, lease or otherwise disposal of the whole or substantially the whole of the undertaking of the company situated at Andheri, Mumbai with requisite majority. The results of the Postal Ballot were declared by the Chairman on December 20, 2002.

Tata Infotech clarifies on News Item

With reference to a News Item published in a leading financial daily regarding acquisition of a private limited company by Tata Infotech Ltd, the company has clarified that the graph shown in that particular article was not of the Company and there may be an error on the part of the financial daily.

Samtel India Board approves closure of Pondicherry Unit of Multimedia Division- manufacturing and marketing Computer Monitors

Samtel India Ltd has informed BSE that the Board of directors of the company at its meeting held today (December 20, 2002) has decided: 1. To close down the Pondicherry unit of Multimedia division of the company which has been manufacturing and marketing Computer Monitors. 2. To sell / dispose off certain idle assets of the company, which have been retired from active use subject to the approval of the Shareholders through postal ballot.

Ranbaxy Laboratories FY-02 results on January 16, 2003

Ranbaxy Laboratories Ltd has informed BSE that a meeting of the Board of Directors is scheduled on January 16, 2003, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) for the fourth quarter ending December 31, 2002.

D Chatterji ceases to be a Director on the Board of SBI Home Fin

SBI Home Finance Ltd has informed BSE that Shri D Chatterji has ceased to be a Director on the Board of SBI Home Finance Ltd with effect from December 14, 2002.l year ended September 30, 2001. This is however, subject to the approval of the shareholders at the next Annual General Meeting to be notified in due course.

HFCL Board approves Merger of HFCL Trade-Invest with the Company

Himachal Futuristic Communications Ltd has informed BSE that the Board of Directors at its meeting held today (December 20, 2002) approved the proposal for the merger of its wholly owned subsidiary - M/s HFCL Trade-Invest Ltd with the Company.

Shyam Telecom receives Advance purchase order from BSNL

Shyam Telecom Ltd has informed BSE that it has received an advance purchase order for an amount of Rs 1280 million for its product Cor-Dect WLL from Bharat Sanchar Nigam Ltd (BSNL), erstwhile known as Department of Telecommunication (DOT).

GlaxoSmithKline Consumer Healthcare declares Second Interim Dividend of Rs 3.70 per share for FY-02

GlaxoSmithKline Consumer Healthcare Ltd has informed BSE that the Board of Directors at its meeting held today (December 20, 2002) has declared a second interim dividend of Rs 3.70 per Equity Share for the year ending December 31, 2002. The Board has approved December 24, 2002 as Record Date, fixed earlier by the company, for the above purpose.

Geometric Software allots Equity Shares under ESOP

Geometric Software Solutions Company Ltd has informed BSE that the Allotment Committee, at its meeting held today (December 20, 2002) has allotted 12,128 Equity Shares on conversion of options granted under ESOP Schemes framed by the Company.

Sun Pharma fixes record date for stock split

Sun Pharmaceutical Industries Ltd has informed BSE that the Board of Directors at its meeting held today (December 20, 2002) fixed January 21, 2003 as the Record Date for split/sub division of the Company's equity shares of Rs 10 each into 2 equity shares of Rs 5 each.

VIP Industries Board to consider scheme of Restructure

VIP Industries Ltd has informed BSE that a meeting of the Board of Directors is scheduled on December 24, 2002 to consider scheme of restructure for adjustment of the balance of Miscellaneous Expenditure, diminution in the value of certain Investments etc by the utilising the balance in the Share Premium Account. The Scheme will be subject to such other approvals as may be applicable.

MJP Leasing Board to consider Stock Split

MJP Leasing Ltd has informed BSE that a meeting of the Board of Directors is scheduled on December 23, 2002 to transact the following business amongst other things: - Split of face value of Equity Shares. - To take on record acquisition of rights of the movies - "Anjuman" & "Wah Wah Ramji". - Resignation of Mr. Vinayak Pai as Director. - Change of name of the company. - Change of Statutory Auditors. - Increase of Authorised Capital. - Insertion of new objects clause in the Memorandum of Association. - Convening an Extra Ordinary General Meeting.

Pritish Nandy Communications - Kaante records 100 per cent opening

Pritish Nandy Communications Ltd has announced today (December 20, 2002) that its new film Kaante, released all over India on the theatrical circuit, has had a record 100 per cent opening. Advance bookings have also surpassed all expectations and houses are running full at all major centres.

MICO members approve commencement of new business activities

Motor Industries Company Ltd has informed BSE that the Shareholders of the Company at the Extraordinary General Meeting held on December 05, 2002, have approved to carry on the business of Import, Export Purchase, Sale, Trade and Manufacture of Security Systems including Fire Reporting System, House Information System, House Service Call, Local Security Network, Mobile Security, Burglary Alarm System, Communication Equipment, Video Systems, Time and Access Control Systems etc.

Polaris Software Lab - Arun Jain and Rajiv Malhotra released

Polaris Software Lab Ltd has informed BSE that its CEO Arun Jain and Rajiv Malhotra, Senior Vice President of the Company have been released and are safe in the Indian Embassy in Jakarta.

MRF Board declares 140% Final Dividend for FY-02

MRF Ltd has informed BSE that the Board of Directors has recommended a Final Dividend of 140% for the year ended September 30, 2002 (FY-02) which along with two interim Dividends of 30% each already paid works out to total dividend 200% for FY-02. The company has further informed that its Share Transfer Books and Register of Members will remain closed from March 07, 2003 to March 20, 2003 (both days inclusive) for the purpose of payment of Final Dividend.

MRF Ltd posts a net profit of Rs 264.90 million

MRF Ltd has posted a net profit of Rs 264.90 million for the quarter ended September 30, 2002 (Q4-02) as compared to Rs 96.30 million for the quarter ended September 30, 2001 (Q4-01). Total Income (net of excise) has increased from Rs 3880.20 million for Q4-01 to Rs 4826.90 million in Q4-02. Further the Company has posted a net profit of Rs 784.60 million for the year ended September 30, 2002 (FY-02) as compared to Rs 317.40 million in the year ended September 30, 2001 (FY-01). Total Income (Net of Excise) for FY-02 is at Rs 18441.20 million as against Rs 17180.40 million in FY-01.

Dena Bank to seek members' approval for appointment of Shareholder Directors

Dena Bank has informed BSE that the Extraordinary General Meeting of the Company is proposed to be held on January 18, 2003 to elect 4 Directors from amongst shareholders other than Central Government. The said Directors shall assume the office from the date following the date of Extraordinary General Meeting and hold office untill the completion of a period of three years of such assumption.

Production resumes at Jindal Iron & Steel's Hot Rolling Division, Vasind Plant

Jindal Iron & Steel Company Ltd has informed BSE it has recommenced the operation of Hot Rolling Division at the plant at Vasind, Maharashtra.

Trading on BSE resumes in South East Asia Marine Engg & Const scrip

BSE has informed its members that with effect from Friday suspension in the South East Asia Marine Engineering & Construction Ltd will be revoked.

Alembic denies news item

With reference to a News item published in a leading financial daily regarding Alembic's plans to come out with a Buyback offer, Alembic Ltd has informed BSE that there is no substance in the news item. Its is totally a rumour.

Essel Propack denies news item

With reference to a News Item published in a leading financial daily regarding Essel Propack Ltd's plans to make a placement of shares, the company has informed BSE that the management has no such plan to make any placement of shares as appeared in the financial daily.