Vintage Cards & Creations Ltd has informed BSE that Pradip Dubhashi & Sandeep Ghate are appointed as Additional Directors on the Board of the Company from March 28, 2002
J P Shah resigns from directorship of Duphar-interfran
Duphar-interfran Ltd has informed BSE that the board of directors at its meeting held on March 28, 2002 have accepted the resignation of J P Shah from the board of directors of the company from March 20, 2002
UTI Bank allots equity shares on preferential basis
The board of directors of UTI Bank Ltd has allotted 1,15,78,760 equity shares on preferential allotment basis at a price of Rs 39.04 per share (including premium of Rs 29.04 per share) as per details given below:
Name of Allottees Number of shares allotted
Life Insurance Corporation of India 36,55,000
General Insurance Corporation of India 59,42,820
New India Assurance Company Ltd 19,80,940
The bank proposes to make allotment to National Insurance Company Ltd on March 30, 2002.
Dena Bank announces change in management structure
Dena Bank has informed BSE that the Central Government has appointed S Nayak, as government nominee director on the board of directors of Dena Bank in place of Pradeep Kumar, with immediate effect
Abhishek Industries allots equity shares to shareholders of Varinder Agro Chemicals
Abhishek Industries Ltd has informed BSE that the Honorable High Court for the state of Punjab & Haryana has approved the scheme of amalgamation of Varinder Agro Chemicals Ltd with the Company, the Board of Directors of the Company in their meeting held on March 28, 2002 have allotted equity shares of the Company to the shareholder's of erstwhile Varinder Agro Chemicals Ltd as per the exchange ratio.
Simto Investment becomes a subsidiary of Voltas
Voltas Ltd has informed BSE that consequent upon purchase of 4,80,000 equity shares of Simto Investment Company Ltd (Simto) - a Company registered with RBI as a NBFC, by Virat Investment Company Ltd (Virat), a wholly-owned subsidiary of the Company, Simto has become a subsidiary of Virat and in turn, a subsidiary of the Company from March 28, 2002
N R Narayana Murthy resigns from VSNL board
Videsh Sanchar Nigam Ltd has informed BSE that N R Narayana Murthy has resigned from the post of Director of VSNL and ceases to be Director from March 26, 2002.
Arvind Parakh, B P Goyal resign from Directorship of Jindal Strips
Jindal Strips Ltd has informed BSE that Arvind Parakh and B P Goyal, directors have resigned from directorship of the company from March 27, 2002
Yadu Sugar & persons acting in concert make open offer for acquisition of 20% equity in Oswal Sugars
Doogar & Associates Ltd has informed BSE that the Acquirer namely Yadu Sugar Ltd alongwith persons acting in concert with it namely Dharam Pal Singh, S/o of Shri Tej Pal Singh, Smt Umlesh Yadav W/o Dharam Pal Singh, Vikas Singh, S/o of Dharam Pal Singh and Shri Jatinder Singh S/o Late Sham Singh with a view to acquire full control and management of Oswal Sugars Ltd has entered into an Acquisition Agreement on March 22, 2002 to acquire 40,11,907 fully paid Equity Shares each of Rs 10 each representing 25.95% of issued and subscribed equity share capital and 26.04% of total paid up capital having 26.04% voting rights of the Company from Neelam Kumar Oswal, his associates and associated companies along whom the acquirer is having joint control over the management of Oswal Sugars Ltd (OSL) at a price of Rs 3 per fully paid up equity share payable in cash.
The Acquirer as on date of this Public Announcement along with Persons Acting in Concert with him holds 18,15,000 fully paid equity shares (constituting 11.78% of the total voting capital of the Company) of OSL. With this Acquisition the Acquirer will be controlling 58,26,907 fully paid equity shares (constituting 37.83% of total voting capital) of OSL and may acquire full and wholesome control of OSL.
Pursuant to the Acquisition agreement and in compliance with Regulations, Acquirer hereby makes an open offer to acquire from the public shareholders of OSL 30,80,762 equity shares being 20% of the total voting rights of the issued and subscribed Equity Share Capital of OSL at a price of Rs 3 per fully paid up equity shares payable in cash.
The offer is not subject to any minimum level of acceptance from Shareholders.
The specified date is April 17, 2002.
The offer will open on May 20, 2002.
The offer will close on June 18, 2002.
Tube Investments extends term of office of Managing Director
Tube Investments of India Ltd has informed BSE that at the meeting of the board of directors of the company held on Thursday the term of office of V A Raghu, managing director has been extended by one month ie upto July 31, 2002, subject to necessary approvals.
Dr Reddys launches drug for prostate cancer
Dr Reddy's Laboratories Ltd on Thursday launched Bicalutamide (generic name) which is indicated for the treatment of advanced prostate cancer. Dr Reddy's is the first company to launch this drug in India.
The company will market the product under the brand name Tabi. The product will be available as a50mg tablet, With a global market share of over 50%, Bicalutamide is the world's leading anti-androgen therapy for the treatment of advanced prostate cancer.
Bicalutamide, with its once-a-day dosage, is expected to provide higher patient compliance and preference. In comparison, Flutamide, the currently available anti-androgen drug, has thrice a day dosage and a shorter action time. Bicalutamide will offer patients with prostate cancer an improved quality of life.
Liberty Shoes appoints Independent directors
Liberty Shoes has informed BSE that the following directors have been inducted as Independent directors on the board of the board of the company w e f March 24, 2002
1. Rajiv Goel, 2. Sandeep Goel
Batchu Koteswara Rao resigns from directorship of Sugam Agro
Sugam Agro-Tech Ltd has informed BSE that the board of directors at its meeting held on March 27, 2002 accepted the resignation submitted by Batchu Koteswara Rao from the directorship of the company.
Satyam nominated for eOscar 2002 in the best B2B solutions category
Satyam Computer Services Ltd, was nominated recently for the eOscar 2002 in the best B2B Solution Category by intershop, an e-commerce solutions provider. Every year intershop awards an eOscar to the most innovative and state-of-art e-commerce solutions in the categories of best B2B solution, best B2C solution and best marketplace specific solution. Satyam was nominated for its implementation of TRW Automotive Aftermarket.
The eOscar was first constituted by Intershop in 1999 with a sculpture exclusively designed for Intershop. This year it will be awarded for the fourth time to successful customer projects and respective project partners for outstanding e-commerce solutions on the basis on Intershop Enfinity or Intershop 4.
Kishore Pal Singh appointed as additional director of TRF Ltd
TRF Ltd has informed BSE that Kishore Pal Singh has been appointed as an Additional director w e f March 23, 2002.
Floatglass India appoints Additional directors
Floatglass India Ltd has informed BSE that Ratish Ramanujam, Y P Gupta, N M Thapar and N K Sharma are appointed as additional directors effective from March 28, 2002.
Ram Informatics announces change in management structure
Ram Informatics Ltd has informed BSE that the following have been appointed as Additional directors of the company w e f March 23, 2002.
1. Balasubramanian P Ramanathan
2. Dr S K Mathur
3. Gampala Hara Gopal
4. Dr Khushwant Singh
Rajshree Sugars board not to consider proposal of merger of its wholly owned subsidiary
Rajshree Sugars & Chemicals Ltd has informed BSE that the proposal of merger of its wholly owned subsidiary company South India Sugars Ltd with the company will not be taken up for discussion in the forthcoming board Meeting to be held on April 3, 2002.
Jindal Steel & Power board approves payment of interim dividend on preference shares
The directors of Jindal Steel & Power Ltd has approved (by circulation) payment of interim dividend of 2001-2002 in respect of 10.5% 10,00,000 Redeemable Cumulative Non Convertible Preference Shares of Rs 100 each privately placed with UTI Bank Ltd. The amount of interim dividend is Rs 10.50 million.
Indmet makes a open offer to shareholders of IMFA
Fortune Financial Services India Ltd has informed BSE that Indmet Commodities Pvt Ltd (INDMET) have agreed to acquire under an Share Purchase Agreement dated March 22, 2002 from Jagannath Holdings Pvt Ltd (JHPL) 11,47,800 fully paid up equity shares of Rs 10 each representing 9.56% of the total equity share capital of Indian Metals & Ferro Alloys Ltd (IMFA) at a price of Rs 5.00 per share payable in cash. INDMET is a subsidiary of B. Panda & Co. Pvt Ltd who together with its other subsidiaries and its associates holds 88.69% of the paid up capital of IMFA not taking into account the above acquisition of 9.56%.
Pursuant to the SEBI (SAST) Regulations, INDMET along with its holding company B. Panda & Co. Pvt Ltd (BPCO) is making an open offer to the public shareholders of IMFA to acquire the outstanding 2,10,558 fully paid up equity shares of Rs 10 each representing 1.75% of the paid up equity share capital of IMFA at a price of Rs 5 per share payable in cash.
The offer is not conditional on any minimum level of acceptances.
The specified date for the offer is April 15, 2002.
The date of opening of the offer is May 14, 2002.
The date of closing of the offer is June 12, 2002.
Rajinder, Shiv Mittal & Kiran Jindal to make an open offer
Doogar & Associates Ltd has informed BSE that Rajinder Paul Jindal, Shri Kiran Jindal and Shiv Mittal Jindal (Acquirers) have entered into an Acquisition Agreement on March 20, 2002 to collectively acquire 16,28,400 (5,42,800 each) fully paid Equity Shares each of Rs 10 representing 35.02% (11.67%) each of total Voting Capital of Nam Credit & Investment Consultants Ltd from the persons having control over the company at a price of Rs 1.50 per fully paid up equity share payable in cash.
Pursuant to the Acquisition Agreement and in compliance with Regulations, the Acquirers hereby announce their intention to make an open offer to acquire from the public shareholders of NCICL 9,30,000 equity shares being 20% of the total voting rights of the issued and subscribed Equity Share Capital of NCICL at a price of Rs 2.50 per fully paid up equity share payable in cash.
The offer is not subject to any minimum level of acceptance from shareholders.
The specified date for the offer is March 30, 2002.
The date of opening of the offer is May 9, 2002.
The date of closing of the offer is June 7, 2002.
Television Eighteen India board to consider allotment of Equity shares on preferential basis
Television Eighteen India Ltd has informed BSE that the meeting of board of directors of the company will be held on April 1, 2002 to consider:
1. Allotment of 7,00,000 Equity Shares of Rs 10 each as Preferential Allotment: (Duly approved by the board of directors on December 7, 2001 and the EGM held on January 2, 2002)
2. The issue of Secured Partly Convertible Debentures on rights basis
Agro Tech Foods appoints Alternate directors
Agro Tech Foods Ltd has informed BSE that Mr Ajay Bahl and Raman Sharma were appointed as Alternate directors of Larry Carter and Mike Sullivan for the board meeting held on March 25, 2002.
Interphase & Hughes Software Systems to offer integrated 3G wireless internet solutions
Interphase Corporation, an international supplier of next generation networking technologies and Hughes Software Systems, announced a strategic partnership to develop commercial off-the-shelf products providing original equipment manufacturers with a single product source for broadband SS7 and ATM networks.
This integrated solution allows OEMs to significantly reduce their time-to-market for universal mobile telecommunications systems network nodes, such as radio network controllers and servicing GPRS support nodes.
Hughes Software adds video and audio streaming over its breakthrough 3G SGSN source code
Hughes Software Systems Ltd has announced Video & Audio streaming for 3G (WCDMA) networks over its 'Industry first' 3G SGSN source code. The solution which is targeted at OEMs enables them to reduce time to deploy 3G SGSN and enter 3G markets with improved return on investment models.
The HSS solution offers access to the entire source code, helping OEM R&D teams to jumpstart their internal development of the 3G SGSN. The source code can be customized by OEMs to meet their desired architectures as well as to build value differentiators to rapidly address new markets.
The HSS 3G SGSN on the reference platform, can also be readily used by the OEMs, as an ideal entry-level solution for field trials, or for the emerging markets where the technology has not caught on and the ROI is doubtful. In such a scenario an OEM can introduce new revenue generating services using the HSS 3G SGSN solution. This would empower the OEM to offer highly cost effective 3G nodes to lock-in their service provider customers. HSS business models provide the flexibility for the OEM to replace the HSS solution with a higher end SGSN solution, once the technology is validated and the 3G-customer base has increased.
Rai Saheb Rekhchand Mohota Spg & Wvg Mills Ltd has informed BSE that the board of director of the company at their meeting has allotted 2,36,000 nos of 10% Non-Cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 2,36,00,000 on private placement basis as authorised by members in the EGM.
The board has inducted Girdharlal Singhee as Additional director of the company
N Sitaraman appointed as director of FCL Technologies
FCL Technologies & Products Ltd has informed BSE that N Sitaraman has been appointed as a director of the company from March 23, 2002
Uttam Steel announces change in management structure
Uttam Steel Ltd has informed BSE that Ramesh Kumar Miglani has ceased to be a director of the company due to resignation w e f January 01, 2002.
Anuj Miglani has been appointed as deputy managing director and CEO of the company from November 10, 2001
Ambica Agarbathies announces change in management structure
Ambica Agarbathies & Aroma Industries Ltd has informed BSE that Ambica Prasad, director of the company resigned from the office of director from November 30, 2001 and Alapati Ambica Ramachander Rao has been appointed as the director of the company from November 30, 2001.
S M Abba resigns from directorship of Schenectady-Beck India
Schenectady-Beck India Ltd has informed BSE that S M Abba has resigned as director of the company from March 22, 2002
Infinity Consultants ceases to be subsidiary of Transpek Fin
Transpek Finance Ltd has informed BSE that Infinity Consultants Ltd, has ceased to be the subsidiary of the company effective from March 27, 2002.
BSE imposes Special Margin of 25% on Tele Data Informatics
BSE has informed the members of the exchange that special margin of 25% has been imposed on Tele Data Informatics Ltd with effect from Thursday.
Special margins will be imposed on the basis of memberwise gross purchase or sale position (Clientwise net).
High Court directs Gulf Oil to seek member's approval for Scheme of Amalgamation
Gulf Oil India Ltd has informed BSE that the Hon'ble High Court at Mumbai has directed company to hold a General Meeting of shareholders on April 22, 2002 for getting their approval for scheme of amalgamation of the company with IDL Inds. Ltd
VGR Construction members approve increase in the authorised share capital
VGR Construction Ltd has informed BSE that at the EGM of the company held on March 26, 2002 it has been decided to increase the authorised share capital of the company from Rs 5 million to Rs 10 million and to amend the AoA and MoA accordingly and to issue further share capital by way of right issue.
K Badrinath appointed as Additional director of Synergy Log-in from April 1, 2002
Synergy Log-In Systems Ltd has informed BSE that the office of its Whole Time director K Badrinath expires on March 31, 2002. The company has passed a Circular Resolution appointing K Badrinath as additional director on the board from April 1, 2002 to hold office upto the AGM of the company.
Call India
