The Board of Directors of Orient Ceramics &Industries Ltd has informed BSE that the Board of Directors at its meeting held on Monday has decided to cancel payment of interim dividend declared for FY 2001-02.
Zandu revokes interim dividend
Zandu Pharmaceutical Works Ltd has informed BSE that the Board of Directors has decided not to proceed ahead with interim dividend of Rs 20 per share. Hence the record date for interim date also stands cancelled
IPCL redeems FCCB worth US$ 176 million
Indian Petrochemicals Corporation Ltd (IPCL) has redeemed Foreign Currency Convertible Bonds (FCCB) of US$ 176 million (Rs 8600 million) which matured on Monday. This is one of the highest redemption in US dollars at a stroke for any foreign currency issue by an Indian Corporate. This bullet payment, in time, reconfirms the faith placed by investors on IPCL's prudent financial management and strong fundamentals. In the post redemption scenario, the company expects to stand favorably geared.
E Merck cancels record date for interim dividend
E Merck India Ltd has informed BSE that consequent upon revocation of interim dividend the record date as March 26, 2002 fixed for the purpose of payment thereof also stands cancelled.
Silverline Board to approve allotment of warrants on preferential basis
Silverline Technologies Ltd Board has informed BSE that the meeting of Board of Directors of the Company will be held on March 16, 2002 to consider the following:
Approval for allotment of warrants convertible into equity shares on a preferential allotment basis to a Promoter Company as approved by the members of the company in the EGM.
Name of the Target Company is Silverline Technologies Ltd
The details of acquirers along with their post acquisition holding are as follows:
Subra Mauritius Ltd---------- 2,33,01,670 shares representing 18.23%
Subra Mauritius Ltd along with PAC---------- 3,62,99,591 shares representing 28.39%
The Warrants will be converted into equity shares on one to one basis at a price of Rs 51 per share determined in terms of guidelines for preferential allotment of SEBI.The date of proposed acquisition is March 16, 2002
Nestle Board cancels proposed interim dividend
Nestle India Ltd has informed BSE that the Board of Directors shall not be considering declaration of any interim dividend for the year 2002 on March 18, 2002. Consequently the record date for interim dividend (March 23, 2002) also stands cancelled
Mirc Electronics cancels interim dividend
Mirc Electronics Ltd has informed BSE that majority of Directors present in India has approved the resolution by circulation. Accordingly the declaration of interim dividend is revoked and withdrawn. Communication of record date of March 23, 2002 also stands withdrawn
Saregama and Warner Home Video in strategic tie-up
Saregama India Ltd announced on Monday its foray into the fast growing home video segment.
Sanjiv Goenka Vice Chairman, Saregama India, told media persons that at the onset the company has signed up with Warner Home Video to market and distribute its formidable and finest collection of classic films, as well as its latest super hits and cartoons on VCDs and the fast emerging DVD format.
Goenka confirmed that an agreement has recently been signed between Saregama India and Warner Home Video, which is a division of the global entertainment giant Warner Bros, which is a part of AOL Time Warner Company.
Saregama India, India's leading Music Company also has an enviable record of big blockbusters. The Company plans to launch the first 10 titles around mid March, along with a marketing blitz.
The arrangements cover marketing of Warner VCDs and DVDs in India and Bangladesh.
Goenka indicated that Saregama India has plans to enter, at a large stage, the Indian home video market in Hindi and regional languages. He also confirmed that the first set of ten Warner products will be available within this month. Saregama will distribute the products through large retail outlets along with trying up with non-traditional outlets such as hardware stores, bookstores and children stores.
Avtar Finance & Management Consultants Ltd has informed BSE that the Board of Directors at their meeting held on Monday has approved the allotment of 12,50,000 equity shares of Rs 10 each at a premium of Rs 70 each to Mr Kailash Prasad Purohit on Preferential basis towards the consideration for acquisition of business of M/s Studio JMD Sounds.
Blue Star Board revokes interim dividend
Blue Star Ltd has informed BSE that the Board of Directors by a resolution passed by circulation has revoked the resolution passed at its meeting held on March 6, 2002 declaring an interim dividend of Rs 5.50 per equity share of Rs 10 each.
Consequently the Board has also revoked the resolution fixing March 22, 2002 as record date for payment of interim dividend.
Nicholas Board cancels record date for interim dividend
Nicholas Piramal India Ltd has informed BSE that consequent upon revocation of interim dividend the record date as March 26, 2002 fixed for the purpose of payment thereof also stands cancelled.
Aurobindo Pharma Board revokes interim dividend
Aurobindo Pharma Ltd has informed BSE that the Board of Directors in their meeting held on Monday has revoked the payment of interim dividend declared for FY 2001-2002 in the Board Meeting held on March 5, 2002.
Pearl Engineering fixes record date for reduction in Share Capital
BSE has informed the members of the exchange that Pearl Engineering Polymers Ltd has fixed March 27, 2002 as the Record Date for the purpose of reduction of Share Capital of the Company by writing down in Equity Share Capital by 60% and after reduction of Share Capital to consolidate its Share Capital so as to make the face value and paid up value of each share as Rs 10 each.
There will be no dealings in the aforesaid scrip with effect from March 13, 2002.
Sona Koyo Steering Board revokes interim dividend
Sona Koyo Steering Systems Ltd has informed BSE that the Directors of the Company has decided on March 08, 2002 to rescind its earlier decision for the payment of interim dividend on its equity share capital as well as preference share capital. Accordingly March 26, 2002 should not be treated as record date.
Earlier the Board had declared an interim dividend at 15% on its equity share capital and 10% on its preference share capital
Shivalik Bimetal Board rescinds its decision to declare interim dividend
Shivalik Bimetal Controls Ltd has informed BSE that the Board of Directors at its meeting held on Monday has resolved to revoke/rescind its earlier decision to declare/pay interim dividend at Rs 1.50 per equity share of Rs 10 each ie at 15% for the financial year 2001-2002 and decided not to pay interim dividend
Bathina Voice Auto-Version 1.2 tested & certified by a US based Software Testing Lab
Bathina Technologies India Ltd has received intimation from a USA based highly reputed International Software Testing Laboratories to the effect that their Bathina VoiceAuto -Version 1.2 that has been submitted for testing and certification has been certified for the product's functionality, robustness, compatibility on various Windows platform etc. This gives the product higher marketability in both domestic and international markets.
Both Bathina Technologies and the said Software Testing Laboratories shall jointly release the details on this certification in a press release/conference to be scheduled soon.
Sadhana Dikshit resigns from Directorship of VSNL
Videsh Sanchar Nigam Ltd has informed BSE that Sadhana Dikshit has resigned from the post of Director of the Company and ceases to be Director w e f March 6, 2002.
Cadbury Q4 net up by 9.84%, FY-01 net up by 10.32%
Cadbury India Ltd has posted a net profit of Rs 166.20 million for the quarter ended December 30, 2001 as compared to Rs 151.30 million in the corresponding period last fiscal. Total Income has increased from Rs 1456.20 million in DQ-2000 to Rs 1639.90 million in the quarter ended December 30, 2001.
The company has posted a net profit of Rs 574 million for the year ended December 30, 2001 as compared to Rs 520.30 million in the previous year ended December 30, 2000. Total Income has increased from Rs 5831 million in the year ended December 30, 2000 to Rs 6353.50 million in the year ended December 30, 2001.
The board has recommended a dividend of Rs 6 per share.
Hinduja TMT revokes interim dividend
Hinduja TMT Ltd has informed BSE that the Board of Directors by passing a resolution by circulation revoked the interim dividend, which was declared at its meeting, held on March 8, 2002. Earlier the Board had declared an interim dividend at 50% for FY2001-2002
Gammon Board revokes Interim Dividend for FY 2001-2002
Gammon India Ltd has informed BSE that the Company has on Monday decided to revoke payment of interim dividend, by way of a resolution passed by the Board of Directors.
Thermax Board to consider allotment of shares to ESOP Trust
Thermax Ltd has informed BSE that a meeting of Board of Directors of the Company is scheduled to be held on March 19, 2002 to consider allotment of shares out of Equity Share Capital of the Company to the trust for implementing Employee Stock Option Plan.
The Shareholders at the AGM held on September 05, 2001 had approved issue of shares under ESOP subject to a maximum of 5% of the issued Equity Share Capital of the Company.
Dhruv Narayan Inamdar appointed as company secretary of Arlem Breweries
Arlem Breweries Ltd has informed BSE that Dhruv Narayan Inamdar has been appointed as a company secretary of the company w e f January 10, 2002 and has been appointed as Compliance Officer.
Ravi Saxena ceases to be Director of Indian Oil Corporation
Indian Oil Corporation Ltd has informed BSE that Ravi Saxena, a Government Nominee Director (representing Ministry of Petroleum & Natural Gas) has ceased to be a Director of the Company, consequent upon his demise on February 21, 2002.
S R Tamba resigns from directorship of Arlem Breweries
Arlem Breweries Ltd has informed BSE that S R Tamba has resigned as Director of the Company w e f July 18, 2001. The present Directors are as follows:
1 V D Chowgule
2 Y D Chowgule
3 V V Chowgule
4 J N Guzdar
5 H G V Reddy
6 V N Nadkarni and
7 P P Mahatme
N S Ghosh ceases to be Director of Indo-Asahi Glass
Indo-Asahi Glass Company Ltd has informed BSE that N S Ghosh, Works Director of the Company has ceased to be Director w e f March 4, 2002 on account of death.
Wim Plast Board cancels interim dividend
Wim Plast Ltd has informed BSE that the Board of Directors of the company has decided to cancel interim dividend that was declared by the company, and cancel the Record Date for the same.
Kothari Products Board decides to revoke interim dividend
Kothari Products Ltd has informed BSE that the Board of Directors at their meeting held on Monday has decided to revoke the interim dividend declared by it in the Board meeting held on March 4, 2002.
The record date of March 23, 2002 fixed for the aforesaid dividend has also been cancelled.
Godfrey Phillips Board cancels record date for interim dividend
Godfrey Phillips India Ltd has informed BSE that consequent upon revocation of interim dividend the record date as March 26, 2002 fixed for the purpose of payment thereof also stands cancelled
Vinati Organics Board revokes interim dividend
Vinati Organics Ltd has informed BSE that the Board of Directors of the company has decided to cancel interim dividend which was declared by the company and cancel the record date for the same.
Lockout at Mudis Group lifted
Bombay Burmah Trading Corporation Ltd has informed BSE that, the lock-out has been lifted from the remaining part of Mudis Group and with this the entire Mudis Group has opened-up.
CMC Board cancels record date for interim dividend
The Board of Directors of CMC Ltd has informed BSE that the record date of March 22, 2002 fixed for interim dividend stands cancelled consequent to cancellation of Board meeting scheduled to be held on March 13, 2002 for declaration of interim dividend
Kabra Extrusiontechnik Ltd has informed BSE that the Board of Directors has through circular resolution rescinded their earlier decision to, declare and pay interim dividend to the shareholders of the Company and have cancelled the record date fixed for the purpose.
Ratnamani Metals & Tubes Ltd has informed BSE that the Board of Directors has rescinded their earlier decision to declare and pay interim dividend to the shareholders of the Company.
Thomas Cook subsidiary enters into agreement with Tata-AIG Gen Insurance
Thomas Cook India Ltd has informed BSE that India Alive Tours Ltd (India Alive) a wholly owned subsidiary of Thomas Cook India Ltd has entered into an agreement with Tata-AIG General Insurance Company Ltd. (Tata-AIG) whereby India Alive has been appointed as a preferred Corporate Agent of Tata-AIG for procurement of all General Insurance Business. India Alive proposes to focus its activities mainly on Travel related Insurance policies.
Chemplast Sanmar Board revokes interim dividend
Chemplast Sanmar Ltd has informed BSE that the Board of Directors of the Company has through a circular resolution dated March 11, 2002 revoked the interim dividend declared earlier by them on March 6, 2002.
Taj GVK Hotels cancels interim dividend
Taj GVK Hotels & Resorts Ltd has informed BSE that the Board of Directors of the company has decided to cancel interim dividend which was declared by the company and cancel the Record Date for the same.
Sadhana Nitrochem Board cancels interim dividend
Sadhana Nitrochem Ltd has informed BSE that the Board of Directors of the company has decided to cancel interim dividend, which was declared by the company, and cancel the Record Date for the same.
NRB Bearings revokes interim dividend
NRB Bearings Ltd has informed BSE that the Board of Directors has decided to revoke the interim dividend declared on March 06, 2002 @ 45%, and a resolution by circulation has been passed by a majority of the board members in India.
Consequently the record date of March 22, 2002 may be treated as cancelled.
Pidilite Board revokes interim dividend
Pidilite Industries Ltd has informed BSE that the Directors have decided to revoke the decision for payment of interim dividend at 50% declared by the board of directors on March 5, 2002.
ONGC denies news item
With reference to a news item appearing in a leading financial daily stating "ONGC, Reliance offer to buy out British Gas in Panna-Mukta", Oil & Natural Gas Corporation Ltd has informed BSE that there is no agenda before the Board of Directors for consideration to buy-out British Gas in Panna-Mukta.
Apollo Hospitals Board revokes interim dividend
Apollo Hospitals Enterprise Ltd has informed BSE that the Board by way of circular resolution dated March 9, 2002 rescinded its earlier resolution dated March 4, 2002 on declaration of interim dividend.
Thermax Board revokes interim dividend
Thermax Ltd has informed BSE that the Board of Directors at its meeting held on Monday has decided to retract and cancel payment of 35% interim dividend declared for the FY 2001-02.
BSE revises special margin on 31 scrips
BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from Monday. The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Members are hereby informed that special margins will be imposed on the basis of memberwise gross purchase or sales position (clientwise net) as indicated below:
CODE NAME GROUP PER SHARE (PURCHASE)(%)
530707 AFTEK INFOSYS B1 25
532161 BAFFIN ENGINEER B2 25
532346 BLUE STAR B1 25
500117 DCW B2 25
509028 E SERVE IN B1 25
526881 FINANCE TECH B2 25
532326 FORTUNE INFO B2 50
532047 GALAXY APPLIANC B2 25
532312 GEOMETRIC SOFT B1 25
532010 INDOTECH CAPITA B2 25
532175 INFOTECH ENTERP B1 50
511116 INVEST TRUST B1 25
531816 IT MICROSYSTEM B2 25
532283 KAASHYAP RADIA B2 25
500247 KOTAK MAHINDRA B1 25
532400 KPIT INFOSYSTEM B1 25
532337 MASCOT SYSTEM B1 25
532089 MOH LTD B2 25
526299 MPHASIS BFL B1 25
520021 OMAX AUTOS B1 25
531167 ORIENT INFOR B1 25
532350 PADMALAYA TELE B1 25
532165 RANSI SOFTWARE B2 25
511076 SAT INVESTMENT B2 50
512028 SHONKH TECHNOLO Z 25
530943 SRI ADHIKARI BR B1 25
532348 SUBEX SYSTEM B1 25
532375 TIPS INDUSTRIES B1 25
531830 TODAY'S WRITING B2 25
500423 TVS ELECTRONICS B1 25
531404 ZICOM ELECTRONI B2 25
Deccan Cements cancels interim dividend
Deccan Cements Ltd has informed BSE that the Board of Directors have decided to rescind and cancel the decision of interim dividend at 25% for the year 2001-2002 approved at their meeting held on March 6, 2002. Consequently the record date of March 30, 2002 stands cancelled.
Nava Bharat Ferro Alloys revokes interim dividend
Nava Bharat Ferro Alloys Ltd has informed BSE that the board of directors has decided to revoke the proposal for payment of interim dividend @ 12% on the paid up share capital and the dividend @ 12% on Non-cumulative redeemable preference share capital.
Call India
