VJIL Consulting members approve issue of convertible warrants
VJIL Consulting Ltd has informed BSE that at the Extra Ordinary General Meeting held today (February 6, 2002) the members of the Company have approved the proposed resolution for the issue and allotment of 9,90,000 convertible warrants @ of Rs 12/- each to the promoters of the Company.
Wellwin Industry board to consider acquisition of shares of Alcaast India
Wellwin Industry Ltd has informed BSE that the Company proposes to acquire the shares of Alcaast India Ltd from its shareholders. Consequently the meeting of the Board of Directors is scheduled to be held on February 09, 2002 to decide the SWAP ratio and other factors.
The proposed holding of shareholders of Alcaast India Ltd in M/s Wellwin Industry Ltd is less than 2% on the enhanced paid up capital of the Company.
Manjula Subramaniam appointed as Part time Official Director on the Board of IPCL
Indian Petrochemicals Corporation Ltd (IPCL) has informed BSE that Dr Manjula Subramaniam, IAS, Principal Secretary, Energy & Petrochemicals has been appointed as Part time Official Director on the Board of IPCL in place of Vijay Ranchan, Additional Chief Secretary with effect from January 30, 2002 till the holding of the Annual General Meeting for the year 2001-2002.
The appointment has been made pursuant to approval accorded by the Government of India vide letter No. 30014/1/97 - US (PC) dated January 21, 2002.
HPCL clarifies on news item
With reference to the news article titled "IBP divestment a 'major boost' for BPCL, HPCL market ratings" Hindustan Petroleum Corporation Ltd (HPCL) has informed BSE that under the Export/Import policy of the Government of India, Indian Oil Corporation Ltd has been the canalising agent for procurement of crude for HPCL and other PSU refineries.
The government is considering allowing individual Oil PUSs to import their own requirements of crude with effect from April 01, 2002. Consequently, the Corporation is in the process of initiating necessary steps for independently undertaking this activity.
Graeme Dalziel to take over as MD of Colgate Palmolive India
Colgate Palmolive (India) Ltd has informed BSE that the Board of Directors of the Company has today (February 6, 2002) passed a resolution appointing Mr. Graeme Dalziel as Managing Director of the Company for a period of five years with effect from April 01, 2002 subject to the approval of the Central Government and the shareholders of the Company.
Derrick Samuel, who is currently the Managing Director, will continue as such and will thereafter take up a new assignment with Colgate-Palmolive Company overseas.
At the meeting held on Wednesday, the Board has also passed resolutions re-appointing both K V Vaidyanathan and Moses A Elias as whole-time directors of the Company for a second term of five years with effect from April 1, 2002, subject to the approval of the shareholders.
Shiva Cement board to consider allotment of bonus shares
A meeting of the Board of Directors of Shiva Cement Ltd will be held on February 13, 2002 to consider, amongst other items, the allotment of Bonus shares. The aforesaid meeting will also consider the allotment of shares after splitting.
TVS Motor Co. Board to consider Interim Dividend
A meeting of the Board of Directors of TVS Motor Company Ltd will be held on March 01, 2002 for the purpose of considering payment of Interim Dividend to the shareholders of the Company for the financial year ending March 31, 2002.
As authorised by the Board, the record date for this purpose has been fixed as March 08, 2002.
Hinduja TMT gets further order for its call center business - to handle billing related calls
Hinduja TMT Ltd (HTMT) has bagged a further order for call center business and would now move up the value chain by handling billing related calls also, which are more complex and involve higher level of skills, for its US based large telecom client. This order to be initiated with 200 Call Service Representatives (CSRs) will become operational with immediate effect and the capacity would be scaled up to 600 CSRs by June 2002.
HTMT is already successfully handling in-bound marketing calls for the same customers and has currently employed 200 CSRs in its call center at Bangalore. With the fresh order of billing calls, HTMT's call center would be operating with a capacity of 800 CSRs by June 2002.
HTMT's customer is a US based $ 2 billion telecom Company and is an integrated communication provider of high value telecommunication products and services of quality across US and Europe. The Company is currently operating over 2000 seat call centers abroad and satisfied with HTMT's services, the customer has decided to offer substantially all call center services for future, past and present customers to HTMT over a period of time.
Triveni Engineering board to consider preferential issue
Triveni Engineering & Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 14, 2002 to consider issue of equity shares/warrants/fully convertible debentures or any instruments convertible into equity shares to the promoter group of the Company on preferential basis, in accordance with SEBI guidelines.
Genesys Securities board to consider scheme of amalgamation of Nihar Infoway
Genesys Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be convened on February 14, 2002 for the purpose of consideration and approval of the amalgamation scheme of M/s. Nihar Infoway Ltd with the Company.
High Court approves amalgamation of Zuari Forex with Zuari Finance
Zuari Finance Ltd has informed BSE that the Hon'ble High Court of Bombay, Goa bench has approved the scheme of amalgamation of Zuari Forex Ltd., a 100% subsidiary of the company with the company.
Madhya Pradesh Glychem Board approves issue of shares on preferential basis
Madhya Pradesh Glychem Industries Ltd has informed BSE that the Board of Directors of the company have approved preferential allotment of 3401982 equity shares of Rs.10/- each at par. EGM of the company will be held on February 27, 2002.
High court approves amalgamation scheme of Nettlinx with Northeast Securities
Northeast Securities Ltd has informed BSE that the Hon'ble high court of Andhra Pradesh have approved amalgamation scheme of Nettlinx Ltd. with the company.
Indian Oil Corpn declared successful in its bid for IBP Co
Indian Oil Corporation Ltd has informed BSE that it has been declared successful in its bid for acquisition of 33.58% equity of IBP Co. Ltd from Government of India. IndianOil would be acquiring 74,37,808 no of shares of IBP Co. Ltd at Rs 1551 per share from Government of India amounting to Rs 1153,60,40,208.
SSIT North America Awarded Wyoming FAMIS Contract
SSI Ltd has announced today (February 6, 2002) that Albion International, now part of SSIT North America, Inc, has been awarded a contract to build the Wyoming Family Assistance Management Information System (FAMIS). The application will automate all aspects of family economic assistance, eligibility, empowerment and employment services for the Wyoming Department of Family Services (DFS). The three-year development and one year maintenance contract has an initial value of $20 million with additional options worth $5.7 million.
The Company is a premier provider of Health and Human Services (HHS) and has a strong Government Services practice. It has previously executed projects for government agencies including the Massachusetts Department of Transitional Assistance, New York Division of Criminal Justice, and the Colorado Secretary of State.
"This contract will allow SSIT to extend what is already the leading Health and Human Services' family eligibility system", says Rob Marchant, Vice President, Government and Health Services, SSIT North America, Inc. The solution integrates modern Constituent Relationship Management and Web Services technologies to make government more accessible and fully automate the fulfillment process."
"We are proud to work with the Department of Family Services to build their next generation FAMIS application," says Joe Bong, CEO, SSIT North America, Inc. "This is another great example of SSIT working in partnership with a State to create an eGovernment solution that redefines processes and service delivery mechanism."
SSIT North America Inc, is a wholly owned subsidiary of SSI Ltd.
BSE imposes Special Margin on Investment Trust of India
BSE has informed the members of the Exchange that Special Margin of 25% has been imposed on Investment Trust of India Ltd with effect from today (February 6, 2002).
Special margins will be imposed on the basis of clientwise gross purchase or sale position.
Blue Star members approve buy-back
Blue Star Ltd has informed BSE that at the Poll conducted through postal ballot, the shareholders of the Company have approved the special resolution for buy-back of equity shares with overwhelming majority.
The shareholders have also approved the special resolution for amendment of Articles of Association of the Company for incorporating the provision for buy-back of shares.
Tata Group declared as the successful bidder for VSNL
Tata Power Co. Ltd has informed BSE that the Tata Group has been declared as the successful bidder in the divestment process initiated by the Government of India in Videsh Sanchar Nigam Ltd (VSNL).
The Company will participate in the Group's initiative through a Special Purpose Vehicle (SPV) and the Company will invest upto 40% in the capital of the SPV.
Floatglass Board approves transfer of shares in company to Asahi India Safety, Board reconstituted
The Board of Directors of Floatglass India Ltd at its meeting held today (February 6, 2002) has approved the transfer of 58515015 (75% of the equity share capital of the Company) from Asahi Glass Co. Ltd., Japan to M/s. Asahi India Safety Glass Ltd pursuant to the provisions of the share purchase agreement dated September 22, 2001 entered into between Asahi Glass Company Ltd and Asahi India Safety Glass Ltd.
The Company has also announced reconstitution of the Board of Directors of the Company as a result of the aforesaid transfer of shares, which is as follows:
1. The Board has accepted the resignation of Mr. S Kawakami as Managing Director and appointed Mr.S Kawakami as Executive Director (Corporate Planning, Japanese Affairs & Consultation) effective February 6, 2002.
2. Appointed Mr Sanjay Labroo as Managing Director and Chief Executive Officer effective February 6, 2002 for a period of 5 years.
3. Appointed Mr. P L Sataya as Executive Director and Chief Operating Officer effective February 6, 2002 for a period of 5 years.
4. Accepted resignation of Mr. T Shiraishi, Mr. K Shikii, Mr. T Matsuzawa, Mr Y Ohta and Mr. H Nitta from the Directorship of the Company effective February 6, 2002.
Milton Plastics Ltd has informed BSE that the Board of Directors of the company have approved, subject to necessary approvals, preferential allotment of 4.50 million equity shares of Rs.10/- each fully paid up at par or at a premium determined as per SEBI Guidelines to Sweet Solutions Ltd. and Shri Bansilal I. Vaghani, Shri Chiranjiv I. Vaghani and Shri Madhup B. Vaghani and their friends associates and their relatives.
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