Motherson Sumi Q4 net up by 103.91%, FY-02 net up by 2.10%

Motherson Sumi Systems Ltd has posted a net profit of Rs 35.95 million in quarter ended March 31, 2002 as compared to Rs 17.63 million in MQ-01. The total income has increased from Rs 654.12 million in MQ-01 to Rs 852.84 million in MQ-02. The Company has posted a net profit of Rs 169.91 million for FY-02 as compared to Rs 166.41 million for FY-01. The total income has increased from Rs 2353.17 million in FY-01 to Rs 2922.69 million in FY-02. The Board of Directors have recommended a dividend @ 50% (Rs 5/- per share) for the year ended March 31, 2002

BASF India FY-02 results on June 27, 2002

A meeting of the Board of Directors of BASF India Ltd will be held on June 27, 2002 to consider inter alia the audited annual accounts of the company for the financial year ended March 31, 2002 and to recommend payment of dividend for the financial year ended March 31, 2002.

Parke Davis H1 results on June 27, 2002

Parke Davis India Ltd has informed BSE that the Board Meeting of the Company will be held on June 27, 2002 for taking on record the unaudited financial results for the half year ended May 31, 2002.

Andhra Pradesh Paper Mills Q4 net down by 70.16%, FY-02 net down by 50.64%

Andhra Pradesh Paper Mills Ltd has posted a net profit of Rs 26.20 million in quarter ended March 31, 2002 as compared to Rs 87.80 million in MQ-01. The total income (net of excise) has increased from Rs 920 million in MQ-01 to Rs 979.20 million in MQ-02. The Company has posted a net profit of Rs 138.40 million for FY-02 as compared to Rs 280.40 million for FY-01. The total income (net of excise) has increased from Rs 2551.90 million in FY-01 to Rs 3873.90 million in FY-02. The Board has recommended a Dividend of Rs 2.50 per share subject to deduction of tax wherever applicable on expanded equity share capital for the year ended March 31, 2002.

Dr Reddy's appoints Uday Saxena as Chief Scientific Officer

Dr Reddy's Laboratories Ltd has appointed Dr Uday Saxena as the Chief Scientific Officer (CSO) of the Company. Dr Saxena was the President and CEO of Reddy US Therapeutics Inc (Reddy US) a biopharmaceutical Company and subsidiary of Dr Reddy's based in Atlanta, US. In his new capacity he will oversee global R & D activities of Dr Reddy's.

Sintex Industries announces change in management structure

Sintex Industries Ltd has informed BSE that: Mr Kirtikant S Nanavati has resigned from the Directorship of the Company Mr Ashwin Lalbhai Shah has been appointed as an additional Director to hold the office till the conclusion of next AGM of the Company. Mr Anil Ahuja and Mr Anurag Mathur also resigned from the Board of the Directors of the Company and Mr P S Chhabra and Mr Girish Baliga are appointed as Directors of the Company in casual vacancy caused due to the resignation of Mr Anil Ahuja and Mr Anurag Mathur.

John Fowler India approves buyback of equity shares at a maximum price of Rs 62.50 per share

The Board of Directors of John Fowler India at its meeting held today (June 12, 2002) has approved buyback up to 3,12,565 equity shares at a maximum price of Rs 62.50 per share through open market purchase. This is subject to the approval of the shareholders.

V K Khanna appointed as Managing Director of Narmada Chematur Petrochemicals

Narmada Chematur Petrochemicals Ltd has informed BSE that Mr V K Khana has been appointed as Managing Director of the Company.

Apollo Tyres FY-02 results on June 26, 2002

Apollo Tyres Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on June 26, 2002 for consideration of audited accounts and recommending payment of dividend for the year ended March 31, 2002.

Lakshmi Machine Works Q4 net down by 81.98%, FY-02 net down by 46.29%

Lakshmi Machine Works Ltd has posted a net profit of Rs 22.09 million for quarter ended March 31, 2002 as compared to Rs 122.64 million for corresponding period last fiscal. Net sales have decreased from Rs 1649.75 million in MQ 2001 to Rs 1105.29 million in MQ 2002. Other income has decreased from Rs 39.82 million in MQ-01 to Rs 30.39 million in MQ-02. The Company has posted a net profit of Rs 147.15 million for FY-02 as compared to Rs 273.98 million for FY-01. Net sales have decreased from Rs 5300.81 million in FY-01 to Rs 4249.32 million in FY-02. Other income has increased from Rs 140.17 million in FY-01 to Rs 147.09 million in FY-02. Board of Directors has recommended a dividend of Rs 30 per equity share of Rs 100/- each.

GTL fixes Book Closure Date for dividend

GTL Ltd has informed BSE that the Company has decided to close its Register of Members, Share Transfer Books and other relevant documents at the time of its AGM. The said Book Closure will be from July 18, 2002 to July 25, 2002 (both days inclusive) for the purpose of payment of dividend if any that may be declared at the AGM.

Eonour bags second contract from United Parcel Service, Singapore

Eonour Technologies Ltd., a leading software solutions provider has successively flagged off a second project, bagged from UPS E-Commerce division of Asia Pacific Region, Singapore. Eonour Technologies Ltd has successfully made UPS come back a second time that demonstrates their exceptional ability and proven business intelligence. Eonour is in the process of providing solutions that relates to UPS' shipment process. The project encompasses shipment preparation with invoice details, enabling printing of labels and reports and also extracting the data into a text file with a given set of rules. This will assist UPS in their multi-faceted requirements. According to Mr Karthik, CEO "Eonour Technologies is able to convert one time clients to life long partners by drawing resources from its rich talent pool, and this combined with the latest in technology delivers far exceeding results that transforms client satisfaction to client delight. This has always been on top of out minds and I'm sure this remains a testimonial in the case of UPS. Eonour's central focus has always been on delivering what the customer wants and at the time and place that he wants it to be delivered. This blended with quality enables us to retain customers and manage them efficiently."

Balmer Lawrie's holding company to release advertisement for inviting EOI by Strategic Partner

Balmer Lawrie & Co Ltd has informed BSE that the Ministry of Disinvestment, Government of India has directed Balmer Lawrie Investments Ltd (the holding Company - holder of 1,00,64,700 equity shares of Rs 10 each of the Company, representing about 61.8% of the Equity Share Capital of the Company) to release an advertisement for inviting expressions of interest (eoi) by the Strategic Partner for buying such equity stake and accordingly the Board of Directors of Balmer Lawrie Investments Ltd is going to release an advertisement on or before June 20, 2002.

Stocknet International to take over Pansoft Technologies

Stocknet International Limited, a software development company to take over Pansoft Technologies Limited, Mumbai in order to enhance its long home base and have an edge over domestic & International markets. Pansoft Technologies Limited, is a IT solutions provider, having an established client base with globally known companies which include White Lion AG, Jobsintown.de and Festo, Germany, Palo Alto, USA, Aptech Limted, and Infosage Technologies.Inc., India. The Company is involved in software development, Integrated E-Business Solutions B2B & B2C, Integrated Multimedia based solutions, Business Process Re-engineering and MIS etc. It has an extensive operational base in Frankfurt, Germany. The take - over will enable Stocknet International Limited to explore latest avenues in software development both locally and internationally includes activities Integrated E-Business Solutions for B2B & B2C, Interactive Multimedia based solutions, Business Process Re-engineering and MIS. The take over also aims at effective penetration in to Customized Business Application Software, E-Commerce Application for manufacturing banking and retailing sectors.

ICICI Bank allots equity shares to erstwhile equity shareholders of ICICI

The Share Transfer & Shareholders/Investors Grievances Committee of the Board of ICICI Bank Ltd at its meeting held on June 11, 2002 has allotted 39,26,72,724 equity shares of Rs 10 each of ICICI Bank Ltd to the erstwhile equity shareholders of ICICI Ltd whose name appeared on the Register of Members on the record date ie June 07, 2002 in the ratio of one equity share of the face value of Rs 10 each of the Bank for every two equity shares of the face value of Rs 10 each held in ICICI.

CMC Q4 net down by 25.25%, FY-02 net up by 34.06%

CMC Ltd has posted a net profit of Rs 131.08 million for quarter ended March 31, 2002 as compared to Rs 175.36 million for corresponding period last fiscal. Net sales have decreased from Rs 2226.34 million in MQ 2001 to Rs 2083.48 million in MQ 2002. Other income has decreased from Rs 98.62 million in MQ-01 to Rs 53.79 million in MQ-02. The Company has posted a net profit of Rs 336.39 million for FY-02 as compared to Rs 250.92 million for FY-01. Net sales have increased from Rs 5376.76 million in FY-01 to Rs 5466.98 million in FY-02. Other income has increased from Rs 149.35 million in FY-01 to Rs 186.34 million in FY-02 The Board of Directors have recommended a dividend of Rs 4/- per share ie 40% subject to approval of shareholders.

Hindustan Motors denies news item

With reference to the news article appearing in a leading financial daily titled "Hind Motors scrip jumps 43% in just 7 days" Hindustan Motors Ltd has informed BSE that there has been no proposal to divest its 37.75% stake or any portion thereof in the joint venture Company Hindustan Powerplus to the other joint venture partner Caterpillar Inc of the US.

Century Textiles clarifies on news item

With reference to the news article captioned "Century Textiles gains" appearing in a leading financial daily, Century Textiles & Industries Ltd has informed BSE that the Company has no proposal at present to sell any of the Cement Plants of the Company.

Vinod Dasari co-opted as an Additional Director of Cummins India

The Board of Directors of Cummins India Ltd at its meeting held on June 10, 2002 have co-opted Mr Vinod Dasari, as an additional Director wef June 10, 2002. He is also the President (Operations) of Cummins India Ltd.