Jaiprakash Industries Ltd has posted a net profit of Rs 352.80 million for the quarter ended June 30, 2002 as compared to Rs 323.80 million for the quarter ended June 30, 2001. Total Income has increased from Rs 3644 million in the quarter ended June 30, 2001 to Rs 4164.60 million in the quarter ended June 30, 2002.
The board of directors has proposed to issue upto 72,00,000 equity shares of the Company under the Employee Stock Purchase Scheme at a price of Rs 18 per share subject to requisite approvals.
BSES Q1 net down by 4.71%
BSES Ltd has posted a net profit of Rs 846.90 million for the quarter ended June 30, 2002 as compared to Rs 888.80 million in the quarter ended June 30, 2001. Total Income has increased from Rs 6715.70 million in the quarter ended June 30, 2001 to Rs 7048.70 million in the quarter ended June 30, 2002.
The sale of electrical energy for the above period has gone upto 1,588 million units as against 1,477 million units recorded during the corresponding period last year.
Shyam Telecom Q1 net down by 73.22%
Shyam Telecom Ltd has posted a net profit of Rs 8.07 million for the quarter ended June 30, 2002 as compared to Rs 30.15 million in the quarter ended June 30, 2001. Total Income has decreased from Rs 514.02 million in the quarter ended June 30, 2001 to Rs 387.63 million in the quarter ended June 30, 2002.
Harita Finance Board approves preferential allotment to promoter group
Harita Finance Ltd has informed BSE that the Board at its meeting held on June 28, 2002 have proposed subject to the approval of shareholders and the applicable provisions of Companies Act, 1956 to make a preferential offer to the promoter group companies namely TVS Motor Company Ltd & TVS Electronics Ltd for 1,35,00,000 and 1,48,40,000 equity shares of Rs 10 each at par respectively. The Board has also proposed to issue 3,03,10,000 - 9% Non-cumulative Non-Convertible Redeemable Preference Shares of Rs 10 each for cash at par on private placement basis to promoter group Company/ Companies subject to the requisite approvals.
Asahi India Safety Board approves stock split
The Board of Directors of Asahi India Safety Glass Ltd at their meeting held on July 29, 2002 interalia, approved the following:
Dividend at Rs 5.50 per share in respect of 74,00,000 equity shares for the year 2001-2002.
Splitting on one equity share of Rs 10 each into ten equity shares of Re 1 each.
Nagarjuna Construction Board approves reissue of forfeited shares
The Board of Directors of Nagarjuna Construction Company Ltd at its meeting held on Monday approved reissue of 76082 equity shares of Rs 10 each at a premium of Rs 25 per share.
Pentamedia Graphics Director resigns
Pentamedia Graphics Ltd has informed BSE that Mr G Venkatesh Babu has resigned from the post of Director & COO of the company wef July 22, 2002.
Polaris launching new BPO company- Optimus
Speaking on the company's growth plans, Arun Jain Chairman & Managing Director and CEO, Polaris Software Lab said, " We identified the inherent potential with the IT related services industry and specifically within the BPO space. We are ready with a detailed strategy for the launch of Optimus, a venture that will be a 100% subsidiary of Polaris. Optimus will be powered by new age management, a responsibility that we entrusted to Harpal Dugal, who joined us from Stanchart and will be CEO- Optimus, along with Suren Khirwadkar, who joined us from Citi, as Executive Director- Optimus."
United Phosphorus fixes Book Closure for dividend
United Phosphorus Ltd has informed BSE that the Company has fixed September 10, 2002 to September 25, 2002 (both days inclusive) as Book Closure Date for dividend on equity shares for the year 2001-2002
Polaris Software Q1 net down by 8.24%
Polaris Software Lab Ltd has posted a net profit of Rs 136.90 million for the quarter ended June 30, 2002 as compared to Rs 149.19 million in the quarter ended June 30, 2001. Total Income has decreased from Rs 713.36 million in the quarter ended June 30, 2001 to Rs 684.58 million in the quarter ended June 30, 2002.
The consolidated results are as follows:
The company has posted a net profit of Rs 143.63 million for the quarter ended June 30, 2002 as compared to Rs 143.11 million for the quarter ended June 30, 2001. Total Income has increased from Rs 727.58 million in quarter ended June 30, 2001 to Rs 750.88 million in quarter ended June 30, 2002.
Cummins to keep its plant at Kothrud closed on Saturdays in August 2002
Cummins India Ltd has informed BSE that considering drop in demand for the company's products in the export market for the period August & September 2002 as well as the objective of the company to reduce overall production cost, the company has decided to keep its plant at Kothrud Pune closed on all Saturdays in August 2002 and on August 16, 2002.
VSNL Q1 net down by 28.54%
Videsh Sanchar Nigam Ltd has posted a net profit of Rs 2612 million for the quarter ended June 30, 2002 as compared to Rs 3655 million in the quarter ended June 30, 2001. Total Income has decreased from Rs 16421 million in the quarter ended June 30, 2001 to Rs 14285 million in the quarter ended June 30, 2002.
The traffic volume during the quarter increased by approx. 24% over the corresponding period of the previous year.
Re-issuance of GDR under-issue of FCCB & Ordinary Shares through DRM to be offered by India Cements
India Cements Ltd has informed BSE that pursuant to Reserve Bank of India two-way fungibility of ADRs/GDRs AP (Dir Series) circular no 21 dated February 13, 2002 the company has entered into an agreement with Citibank NA, New York Offering the aforesaid facility. The scheme is operational wef July 31, 2002.
IBP Co Q1 net up by 5.15%
IBP Co Ltd has posted a net profit of Rs 122.40 million for the quarter ended June 30, 2002 as compared to a net profit of Rs 116.40 million for the quarter ended June 30, 2001. Total Income has increased from Rs 22374.20 million in the quarter ended June 30, 2001 to Rs 22828.10 million in the quarter ended June 30, 2002.
Marketing margins were affected due continuation of retail prices of MS, HSD, LPG (domestic) and SKO (PDS) at the existing level while the international prices increased.
Silverline FY-02 results by September 30, 2002
Silverline Technologies Ltd has informed BSE that the company will be publishing the audited financial results for the financial year which is for a period of 15 months ended June 30, 2002, within 3 months form the end of the last quarter ie by September 30, 2002. Hence the company will not publish the un-audited financial results for the last quarter ended June 30, 2002.
GSFC Q1 net loss at Rs 481.70 million
Gujarat State Fertilizers & Chemicals Ltd has posted a net loss of Rs 481.70 million for the quarter ended June 30, 2002 as compared to a net loss of Rs 344.30 million for the quarter ended June 30, 2001. Total Income has decreased from Rs 3661.10 million in the quarter ended June 30, 2001 to Rs 3327.40 million in the quarter ended June 30, 2002.
Bata India announces change in management structure
Bata India Ltd has informed BSE that the Board appointed Mr Jaswant Singh as Wholetime Director - Marketing & Commercial of the Company w e f August 01, 2002
Mr MSM Ghaznavi, Director - retail has resigned from the Board
TVS Motor Co Q1 net up by 148.88%
TVS Motor Company Ltd has posted a net profit of Rs 267.80 million for the quarter ended June 30, 2002 as compared to Rs 107.60 million in the quarter ended June 30, 2001. Total Income has increased from Rs 4129.90 million in the quarter ended June 30, 2001 to Rs 6321.60 million in the quarter ended June 30, 2002.
Indo Gulf Corporation announces change in management structure
Indo Gulf Corporation Ltd has informed BSE that Mr Sanjiv Nair has been nominated by the Pradeshiya Industrial and Investment Corporation of UP Ltd to the Board of Directors of the Company in place Mr Prabhat C Chaturvedi and appointed as Director w e f July 09, 2002.
Utsav Parekh appointed as Executive Chairman of Smifs Capital Markets
Smifs Capital Markets Ltd has informed BSE that the Board of Directors in the meeting held on July 27, 2002 appointed Mr Utsav Parekh as Executive Chairman of the Company w e f August 01, 2002.
Jindal Steel & Power Q1 net up by 23.59%
Jindal Steel & Power Ltd has posted a net profit of Rs 315.90 million for the quarter ended June 30, 2002 as compared to Rs 255.60 million for the quarter ended June 30, 2001. Total Income has increased from Rs 1309.40 million in the quarter ended June 30, 2001 to Rs 1794.40 million in the quarter ended June 30, 2002.
IPCL fixes Book Closure for dividend
Indian Petrochemicals Corporation Ltd has informed BSE that 33rd AGM of the Company is slated for September 27, 2002.
The Register of Members and Share Transfer Books of the company shall remain closed from September 03, 2002 to September 11, 2002 (both days inclusive) for determining shareholders entitlement to dividend.
IPCL fixes Book Closure for AGM
Indian Petrochemicals Corporation Ltd has informed BSE that 33rd AGM of the Company is slated for September 27, 2002.
The Register of Members and Share Transfer Books of the company shall remain closed from September 03, 2002 to September 11, 2002 (both days inclusive) for determining shareholders entitlement to dividend.
Samtex Fashions announces change in management structure
Samtex Fashions Ltd has informed BSE that Mr Sunil Gupta has resigned from the whole Time Directorship as well as Directorship of the Company. The Board of Directors has accepted his resignation in its meeting held on July 29, 2002.
Mr S K Gupta, appointed as an Additional Director w e f July 29, 2002 in the Board Meeting held on July 29, 2002.
Mr Atul Mittal appointed as an additional Director and as well as Whole Time Director of the Company by the Board of Directors in its meeting held on July 29, 2002
GTL Q1 net down by 20.89%
GTL Ltd has posted a net profit of Rs 214.30 million for the quarter ended June 30, 2002 as compared to Rs 270.90 million in the quarter ended June 30, 2001. Total Income has increased from Rs 1338.10 million in the quarter ended June 30, 2001 to Rs 1348.70 million in the quarter ended June 30, 2002.
The consolidated results are as follows:
The Company has posted a net profit of Rs 245.50 million for the quarter ended June 30, 2002 as compared to Rs 278.30 million in quarter ended June 30, 2001. The total income has increased from Rs 1405.10 million in quarter ended June 30, 2001 to Rs 1507.90 million in quarter ended June 30, 2002.
Ashok Leyland announces change in management structure
Ashok Leyland Ltd has informed BSE that at the Board Meeting held on July 26, 2002 the following appointments relating to Directors were approved:
1. Mr S R Krishnaswamy, Executive Director, LIC has been appointed as Nominee Director of LIC in the place of Mr P A Balasubramanian.
2. Mr Matta Luigi of IVECO Spa, Italy has been appointed as an alternate Director to Mr R Sorce.
Apollo Tyres Q1 net up by 137.32%
Apollo Tyres Ltd has posted a net profit of Rs 216.20 million for the quarter ended June 30, 2002 as compared to Rs 91.10 million in the quarter ended June 30, 2001. Total Income (net of excise) has increased from Rs 3701.70 million in the quarter ended June 30, 2001 to Rs 3858.10 million in the quarter ended June 30, 2002.
Shree Rama Multi Tech Q3 net loss at Rs 240.20 million
Shree Rama Multi-Tech Ltd has posted a net loss of Rs 240.20 million for the quarter ended June 30, 2002 as compared to a net profit of Rs 101.40 million for the quarter ended June 30, 2001. Total Income (net of excise) has decreased from Rs 567.80 million in the quarter ended June 30, 2001 to Rs 290.70 million in the quarter ended June 30, 2002.
There has been a slow down in FMCG Sector. Prices of finished products have been reduced due to competition. Despatches were also affected in the months of March and April due to disturbed situation in Gujarat. There has been also an increase in Raw Material Cost. The cumulative effect of all above factors is the lower sales resulting in operating losses for the quarter. Consequently, the net loss for nine months ended on June 30, 2002 is Rs. 228.20 million as compared to net profit after tax of Rs. 324.30 million during the same period in the previous year.
Thermax FY-02 results on August 06, 2002
A meeting of the Board of Directors of Thermax Ltd is scheduled to be held on August 06, 2002 to inter alia approve the audited financial results for the year ended March 31, 2002 and to recommend dividend for the year ended March 31, 2002.
M&M Q1 net at Rs 77.98 million
Mahindra & Mahindra Ltd has posted a net profit of Rs Rs 77.98 million for the quarter ended June 30, 2002 as compared to a net loss of Rs 296.20 million for the quarter ended June 30, 2001. Total Income (net of excise) has increased from Rs 6995.29 million in the quarter ended June 30, 2001 to Rs 8314.88 million in the quarter ended June 30, 2002.
This profit performance during the quarter was primarily due to the increase in the volumes both in Company's Automotive and Farm equipment sectors, the ongoing cost re-engineering exercise and the benefits accruing from the rightsizing and restructuring initiatives taken by the company last year.
The outlook for industry in general for the coming months looks promising but the uncertainty in respect of the monsoon in different parts of the country may dampen the demand and influence the performance of the Company.
EIH Q1 net down by 93.80%
EIH Ltd has posted a net profit of Rs 6.60 million for the quarter ended June 30, 2002 as compared to Rs 106.50 million in the quarter ended June 30, 2001. Total Income has decreased from Rs 1093.20 million in the quarter ended June 30, 2001 to Rs 911.20 million in the quarter ended June 30, 2002.
Bata Q2 net down by 62.23%
Bata India Ltd has posted a net profit of Rs 21 million for the quarter ended June 30, 2002 as compared to Rs 55.60 million in the quarter ended June 30, 2001. Total Income (net of excise) has decreased from Rs 2218.40 million in the quarter ended June 30, 2001 to Rs 2070.40 million in the quarter ended June 30, 2002.
Madras Cements Q1 net down by 71.33%
Madras Cements Ltd has posted a net profit of Rs 86.50 million for the quarter ended June 30, 2002 as compared to Rs 301.70 million for the quarter ended June 30, 2001. Total Income has decreased from Rs 2091.50 million for the quarter ended June 30, 2001 to Rs 1621.90 million in the quarter ended June 30, 2002.
Colgate Palmolive Q1 net up by 18.99%
Colgate Palmolive India Ltd posted a net profit of Rs 188 million for the quarter ended June 30, 2002 as compared to Rs 158 million in the quarter ended June 30, 2001. Total Income has decreased from Rs 3137 million in the quarter ended June 30, 2001 to Rs 2686 million in the quarter ended June 30, 2002.
MRF Q3 net up by 259.83%
MRF Ltd has posted a net profit of Rs 294.70 million for the quarter ended June 30, 2002 as compared to Rs 81.90 million for the quarter ended June 30, 2001. Total Income (net of excise) has increased from Rs 4396.90 million for the quarter ended June 30, 2001 to Rs 4805.20 million in the quarter ended June 30, 2002.
The Board has declared payment of interim dividend for the year ending September 30, 2002 @ Rs 3 per share at their meeting held on JulHŽK ŒƒBƒB€
Digital Globalsoft announces change in management structure
Digital Globalsoft Ltd has informed BSE about the following changes in Board of Directors:
1. Mr. Rene Schuster was appointed as alternate Director to Mr. Randy Burdick for the Board Meeting, Committee meeting and AGM held on July 23, 2002.
2. Dr. Mahendra Patel was appointed as alternate director to Mr. Richard for the Board meeting, Committee meeting and AGM held on July 23, 2002.
3. Mr. Richard Fricchione was re-appointed as Director at the AGM held on July 23, 2002.
4. Mr. Ravi Parthasarathy was re-appointed as Director at the AGM held on July 23, 2002.
Videocon International Q5 net at Rs 338.60 million
Videocon International Ltd has posted a net profit of Rs 338.60 million for the quarter ended June 30, 2002 as compared to Rs 335.70 million in the quarter ended June 30, 2001. Total Income has increased from Rs 7526.30 million in the quarter ended June 30, 2001 to Rs 7642.90 million in the quarter ended June 30, 2002.
Apollo Tyres clarifies on news item
With reference to news item appearing in a leading financial daily relating to Mr Onkar Kanwar's statement on acquisition of majority stake in Chinese firm by Apollo Tyres Ltd, Apollo Tyres Ltd has informed BSE that the statement made by Mr Kanwar has been misquoted. In his statement made by Kanwar had referred to Apollo International Ltd, a non listed company acquiring stake in the Chinese firm for which they are carrying out due diligence before taking final decision about acquisition.
However, the item as published wrongly mentions Apollo Tyres name instead of Apollo International.
IPCL Q1 net loss at Rs 60 million
Indian Petrochemicals Corporation Ltd has posted a net loss of Rs 60 million for the quarter ended June 30, 2002 as compared to a net profit of Rs 130 million in the quarter ended June 30, 2001. Total Income (net of excise) has decreased from Rs 18,350 million in quarter ended June 30, 2001 to Rs 16,180 million in quarter ended June 30, 2002.
Kodak UK & Eastman Kodak make open offer for acquisition of 25.24% equity of Kodak India at Rs 350 per share
JM Morgan Stanley Private Ltd has informed BSE that Kodak Ltd ("Kodak UK") along with Eastman Kodak Company ("Kodak US") is making a voluntary offer to the public shareholders of the Kodak India Ltd to acquire up to 2,823,385 fully paid up equity shares at a price of Rs 350 per share (The offer price) payable in cash.
Kodak UK holds 8,362,831 equity shares of Rs 10 each representing 74.76% of the issued equity share capital of Kodak India as on the date of this Public Announcement.
The Specified Date is August 01, 2002
The Offer will open on September 10, 2002
The Date of closing of the offer is October 09, 2002
Kadamb Construction forfeits 700 equity shares
Members of the exchange are informed that Kadamb Constructions Ltd has forfeited 700 equity shares due to non payment of allotment /call monies.
