Vital Communications to get orders to the tune of Rs 110 million from UK based Company

Vital Communications Ltd has informed BSE about the following developments of the Company: 1. The Company is expected to get orders to the tune of Rs 110 million from a UK based Company. 2. The Company is in negotiations for a tie-up with a US based Company specializing in the field of bio informatics and its Director may join the Board of the Company. 3. The Company is foraying into the field of BPO to execute overseas orders. 4. The decision of declaration of dividend/bonus is under consideration by an expert committee 5. The Company has already invested over Rs 70 million in the Digital Content and a sizeable amount of revenue is expected to be generated in the present fiscal. The turnover of the Company may exceed 400% and profits to the tune of 700% in this fiscal year.

C L Meena appointed as M D of Gujarat State Financial Corporation

Gujarat State Financial Corporation has informed BSE that Govt of Gujarat appointed Shri C L Meena IAS as Managing Director of the Corporation in place of Mr G P Joshi, IAS. Shri C L Meena assumed charges of Managing Director w e f April 19, 2002.

Deepak Fertilisers & Petrochemicals buy back to commence on May 06, 2002

Deepak Fertilisers and Petrochemicals Limited has announced buyback of its fully paid-up equity shares of face value of Rs.10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs.22/- (Rupees Twenty-Two Only) per equity share payable in cash for an aggregate amount not exceeding Rs. 370.041 million. Proposed time table for buyback: Date of Opening of the Buyback on BOLT: May 06, 2002 Last date for the Buyback: January 20, 2003 or when the company has completed buyback to the extent of maximum limit of 10% of the paid-up equity capital under the offer or such earlier date as may be determined by the board any time after July 31, 2002.

Chambal Fertilisers FY-02 net down by 33.56%

Chambal Fertilisers & Chemicals Ltd has posted a net profit of Rs 771.80 million for the financial year ended March 31, 2002 as compared to a net profit of Rs 1161.60 million for corresponding period last fiscal. The total income has increased from Rs 18160 million for FY-01 to Rs 19359 million for FY-02. The company has paid interim dividend of Rs 21.6 million (including dividend tax) on 9.4% preference shares. On equity shares the Board of Directors has recommended a dividend @ 15%.

J J Exporters appoints Whole Time Directors

J J Exporters Ltd has informed BSE that the Board of Directors in their meeting held on April 30, 2002 has reappointed Mr R P Todi as Whole Time Director for a term of 5 years. The Board has also appointed Mrs Laxmi Jhunjhunwala as a Whole Time Director for a period of 5 years.

Malvika Steel announces change in management structure

Malvika Steel Ltd has informed BSE that Dr S K Gupta, Chairman, Dr Ramesh Chander Vaish, Director and Dr Bhaskar Dutta Managing Director of the Company have submitted their resignation from the Directorship of the Company. Earlier Mr Vinay Rai, ex-Chairman representing promoter has also submitted his resignation from the Directorship of the Company. The Managing Director has sought to be relieved w e f May 15, 2002

Wipro Technologies announces high speed USB technology enablers for the embedded market

Wipro Technologies the global IT services division of Wipro Ltd on May 2, 2002 announced the commercial availability of its high speed Universal Serial Bus (USB) 2.0 technology. The USB 2.0 technology is driven by the market need for high speed data transfer between personal computers (PCs), and high performance peripherals and broadband internet services. This next generation interface standard has already been widely embraced by market leaders like Intel, Hewlett Packard, Dell and Microsoft among other USB Implementer forum members. The USB 2.0 specification ensures very high performance serial data transfer at rates of up to 480 Mbps, thus enabling high speed video capture and video editing as well as faster storage. The technology is ideally suited for high bandwidth applications like digital cameras, DVDs, mass storage devices, printers, scanners and a host of other peripheral devices. The plug and play nature of USB allows a user to add a new peripheral without going through an elaborate configuration process.

Indo Gulf FY-02 net up by 17.71%

Indo Gulf Corporation Ltd has posted a net profit of Rs 2962.40 million for financial year ended March 31, 2002 as compared to Rs 2516.70 million for corresponding period last fiscal. The total income has increased from Rs 22487.10 million for FY-01 to Rs 27720.70 million for FY-02. The Board of Directors have recommended a dividend of Rs 2.60 per share aggregating to Rs 585.5 million.

Indo Gulf Corp fixes book closure for dividend

The Board of Directors of Indo Gulf Corporation Ltd has recommended payment of dividend @ Rs 2.60 per share on the equity shares of the company for the year ended March 31, 2002. The register of Members and Share Transfer Books of the company will remain closed from July 29, 2002 to August 07, 2002 for the purpose of payment of dividend.

UTI Bank appoints Additional Directors

UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors held on May 02, 2002 following decisions were taken: 1. Mr Yash Mahajan, Vice Chairman and Managing Director of Punjab Tractors Ltd was appointed as an Additional Director with immediate effect. 2. Mr N C Singhal former Vice Chairman and Managing Director of SCICI was appointed as an Additional Director with immediate effect.

Guj Electricity Board reconnects Power at Mardia Chem Surendranagar plant

Mardia Chemicals Ltd has informed BSE that in pursuance to the order passed by Supreme Court on April 29, 2002 the power supply of Unit No.III, ie Caustic Chlorine Plant of the company situated at Mardianagar, Tal. Sayla, Dist. Surendranagar has been reconnected by GEB on May 02, 2002.

MMTC Board declares special interim dividend @ 121%

MMTC Ltd has informed BSE that the Board of Directors at its meeting held on April 30, 2002 recommended payment of special interim dividend @ 121% per share ie Rs 12.10 per equity share out of the profits of the year 2001-02 as also out of past profits of the Company on 50 million fully paid up equity shares of Rs 10 each amounting to Rs 605 million. The Board has further approved the withdrawal of the proposal for capital reduction pending before DCA, Govt of India.

HCL Tech allots shares under ESOP

HCL Technologies Ltd has informed BSE that the Employees Stock option Allotment Committee of the Company has on May 03, 2002 allotted 1,96,226 shares of Rs 2/- each (at premium of Rs 125.50 per share) to the employees on exercise of their stock options under the 1999 Employee Stock Option Plan.

ITDC Board approves proposal for disinvestment of incomplete hotel project

India Tourism Development Corporation Ltd has informed BSE that the Board in its meeting held on April 29, 2002 have approved the proposal for disinvestment of incomplete hotel project at Chandigarh.

BSE announces replacements in BSE - 500 Index

BSE has informed the members of the Exchange that the following two replacements will be made in the BSE-500 index effective from May 6, 2002. BSE-500 Index Code Outgoing 531121 Sierra Optima 500190 Hitech Drilling Code Incoming 532454 Bharti Tele Ventures 523204 Aban Lloyd Chiles Offshore