Soni Infosys Ltd has informed BSE that the Company has allotted 1,00,000 number of Convertible Warrants of Rs 200, convertible into such number of equity shares of Rs 2 each fully paid up at one stage or in parts at such price including premium as the Board of Directors may decide at a later date but within 18 months of the date of allotment to the following persons as mentioned below subject to approval from SEBI. The allotment has been done in accordance with the powers given by the general body in the EGM held on December 20, 2001
1 Amalgamated Commercial Traders Pvt Ltd 25000 Warrants
2 Candy Holdings Pvt Ltd 25000 Warrants
3 Aastha Fiscal Trading Private Ltd 25000 Warrants
4 Genius Corporate Services Pvt Ltd 25000 Warrants
The Company has further informed that 10% upfront be called as allotment money immediately payable within 15 days and balance amount as and when required but within a period of 18 months from the date of allotment.
S Venkitramanan appointed as Additional Director of IndusInd Bank
IndusInd Bank Ltd has informed BSE that the Board of Directors at their meeting held on March 16, 2002 appointed Mr S Venkitramanan as Additional Director and Non-executive Chairman subject to approval of Reserve Bank of India.
Hindustan Dorr Oliver to set up a Wholly Owned Subsidiary in Jebel Ali, UAE
Hindustan Dorr Oliver Ltd has informed BSE that the Board of Directors at its meeting held on March 16, 2002 considered and approved setting up a Wholly Owned Subsidiary (WOS) of the Company in Jebel Ali, UAE and investment of a sum not exceeding US$ 1,00,000 in the WOS, subject to necessary approvals
IPCL shareholders approve transfer of shares & properties owned by the Company in GE Plastics
Indian Petrochemicals Corporation Ltd has informed BSE that as per report dated March 15, 2002 submitted by S D Israni of S D Israni & Company, Practicing Company Secretary, Scrutinizer appointed for the postal ballot conducted by the Company, the shareholders have duly approved with requisite majority, the Ordinary Resolution for transfer/sale of shares and properties owned by the Company in the joint venture Company- GE Plastics India Ltd
IL&FS Venture Corporation announces change in management structure
IL&FS Venture Corporation Ltd has informed BSE that Shahzaad Dalal has been appointed as the Executive Vice Chairman of the Company with effect from April 1, 2002. Hetal Gandhi has resigned as the Managing Director of the Company with effect from March 31, 2002 and Muneesh Chawla will be the new Managing Director of the Company with effect from April 1, 2002.
Subba Rao Vakkalanka resigns from Directorship of Model Financial Corporation
Model Financial Corporation Ltd has informed BSE that Subba Rao Vakkalanka, Director has resigned from the Board of the Company w e f March 6, 2002.
D Malla Reddy resigns as Company Secretary of Antifriction Bearings
Antifriction Bearings Corporation Ltd has informed BSE that its Company Secretary, D Malla Reddy has resigned with effect from February 13, 2002 and Beena Puthalat, Manager (Accounts & Finance) & Assistant Company Secretary is appointed as Compliance Officer.
Reliance Petroleum to seek shareholders approval for scheme of amalgamation
Reliance Petroleum Ltd has informed BSE that the Hon'ble High Court at Gujarat has directed the Company to hold a General Meeting of equity shareholders on April 15, 2002 to consider & approve the scheme of amalgamation.
Widia India Board declares second interim dividend
Widia India Ltd has informed BSE that the Board of Directors at its meeting held on Monday has declared an interim dividend (second) of 5% for the year 2001.
Interim dividend will be payable to those members whose names appear in the Register of members as on April 19, 2002 which is the record date for this purpose
DCW suspends operations of Soda ash unit at Dhrangadhra
DCW Ltd has informed BSE that the Management has suspended the operations of the Company's Soda Ash unit at Dhrangadhra w e f March 16, 2002 as the workers have resorted to an illegal strike.
Bathina Technologies to consider allotment of Equity shares/Warrants
Bathina Technologies India Ltd has informed BSE that meeting of Board of Directors of the Company will be held on March 26, 2002 to consider the following business:
1. Allotment of 50,00,000 Equity shares for consideration other than cash to V Rao Bathina
2. Issue of 42,70,000 Share Warrants to V Rao Bathina
3. Issue of 2,00,000 Share Warrants to B Kamaraju
4. Issue of 1,00,000 Share Warrants to B Sivarama Krishna
5. Issue of 5,00,000 Equity Shares under ESOP
6. The Merger proposal with M/s Bathina Medical Information Services Ltd in the light of the shareholders approval in the AGM held on December 31, 2001
Unisys Software's Board to consider allotment of equity shares on preferential basis
Unisys Software's & Holding Industries Ltd has informed BSE that the Board of Directors of the Company will meet on March 26, 2002 to consider the allotment of 1,00,00,000 equity shares of Rs 10 each for cash at par on a preferential basis
Kotak Mahindra Finance denies news article
Kotak Mahindra Finance Ltd has with reference to article appearing in a leading financial daily titled "KMFL Mulls Demerger of Retail Finance Business For Bank Foray", informed BSE that while they may be evaluating options there is no plan for demerger proposed to be presented to the Board or to the Reserve Bank of India at present.
Remi Process Plant declares interim dividend for FY 2001-02
Remi Process Plant & Machinery Ltd has informed BSE that the Board of Directors of the Company at its meeting held on Monday has declared an interim dividend at Rs 15 per equity share for the year 2001-2002.
Jaiprakash Industries to acquire equity shares of Jaypee Hotels
Jaypee Hotels Ltd has informed BSE that Jaiprakash Industries Ltd have proposed to acquire 32650000 (54.84%) equity shares of the company at a price of Rs.15.30 per share by way of inter se transfer from Jaypee Ventures Ltd. (27739500 shares) and Jaiprakash Enterprises Ltd. (4923133 shares). Proposed date of acquisition is March 21, 2002. After acquisition their shareholding in the company will be 40049943 (72.17%) equity shares.
Avantel Softech fixes record date for the purpose of reduction of capital
BSE has informed the members of the exchange that Avantel Softech Ltd has fixed April 3, 2002 as the Record Date for the purpose of reduction of share capital of the Company with regard to the cancellation of shares allotted under ESOP Scheme.
There will be no dealings in the aforesaid scrip with effect from March 18, 2002.
Bathina Technologies to announce the release of Version 1.2 of Bathina VoiceAuto
Bathina Technologies India Ltd has informed BSE that it is planning to release to the market the certified Version 1.2 of VoiceAuto- Personal & Lite Editions and also to announce the development plans for Voice-Auto-Version 1.3 and VoiceAuto-Professional & Enterprise Editions on March 19, 2002.
Earlier the Company informed BSE that they had received intimation from a USA based highly reputed International Software Testing Laboratories to the effect that their Bathina VoiceAuto -Version 1.2 that had been submitted for testing and certification has been certified for the product's functionality, robustness, compatibility on various Windows platform etc.
Silverline board approves allotment of warrants on private placement basis
Silverline Technologies Ltd has informed BSE that at the meeting of board of directors held on March 16, 2002,the board has subject to approval of Government of India, Ministry of Commerce, Foreign Investment Promotion Board/Secretariat for Industrial Assistance, approved allotment of 20mn warrants to Subra Mauritius Ltd a promoter group company on a private placement basis with an option to subscribe for one equity share per warrant at a price of Rs 51 per share at any time within 18 months from the date of allotment of the warrants.
BSE revises special margin on 32 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.
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
532439 GOLDSTONE TECH B2 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
526299 MPHASIS BFL B1 25
520021 OMAX AUTOS B1 25
531167 ORIENT INFOR B1 25
532350 PADMALAYA TELE B1 25
500327 PEACOCK INDUS B2 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
Jaypee Ventures to acquire equity shares of Jai Prakash Industries on preferential basis
Jai Prakash Industries Ltd has informed BSE that Jaypee Ventures Ltd. have proposed to acquire 11834560 (7.48%) equity shares of the Company at a price of Rs.35.85 per share on preferential allotment basis. Proposed date of acquisition is March 21, 2002. After acquisition their shareholding in the company will be 48436064 (28.13%) equity shares.
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