Indo Rama Board to consider options for restructuring of its business

Indo Rama Synthetics India Ltd has informed BSE that M/s Ernst & Young were appointed to evaluate and propose various options for restructuring of the Company's business. Further the Company has informed that a meeting of the Board of Directors of the Company will be held on May 16, 2002 to consider the above matter.

Tata Chemicals Board to consider interim dividend on May 17, 2002

Tata Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 17, 2002 to consider declaration of interim dividend on ordinary shares of the Company, for the Financial Year 2001-02.

Jyotin Mehta appointed as company secretary of ICICI Bank

ICICI Bank Ltd has informed BSE that the board of directors of the bank at its meeting held on April 26, 2002 has appointed Jyotin Mehta as the Company Secretary and Compliance Officer of the Bank w e f May 3, 2002 in place of Bhashyam Seshan.

Bombay Dyeing & Mfg members approve financial restructuring proposal

Bombay Dyeing & Mfg. Co. Ltd has informed BSE that the financial restructuring proposal approved by the Board at its meeting held on March 27, 2002 was placed for approval of the shareholders at the EGM held on April 24, 2002. The proposal was approved by the shareholders by passing a special resolution. The Company has also filed the requisite application before the Bombay High Court for confirmation of the said proposal. The Company expects this confirmation by the Court to be received well in time for it to incorporate the adjustments in the Annual Accounts for the year ended March 31, 2002. On this basis the Company expects to publish the audited accounts by the due date of June 30, 2002.

Eicher Motors FY-02 net down by 21.50%

Eicher Motors Ltd has posted a net profit of Rs 184.70 million for FY-02 as compared to Rs 235.30 million for FY-01.The total income (net of excise) has increased from Rs 3941.40 million in FY-01 to Rs 4775.30 million in FY-02. The board has recommended 25% dividend on the equity capital, subject to the approval of the shareholders.

Dr Reddy's grants options under ESOP

Dr Reddy's Laboratories Ltd has informed BSE that the Company has granted 2,59,400 stock options to the employees of the Company at the meeting of the compensation committee of board of directors held on May 9, 2002. The shares covered by such options are 2,59,400. The options have been granted at a price of Rs 1063.02 per option, which is equivalent to weighted average share price of the Company of last 30 days on BSE The options may be exercised in a phased manner after a vesting period of 12 months but before completion of five years from the date of vesting

Eicher Motors FY-02 net down by 21.50%

Eicher Motors Ltd has posted a net profit of Rs 184.70 million for FY-02 as compared to Rs 235.30 million for FY-01.The total income (net of excise) has increased from Rs 3941.40 million in FY-01 to Rs 4775.30 million in FY-02. The board has recommended 25% dividend on the equity capital, subject to the approval of the shareholders.

R Seshasayee reappointed as Managing Director of Ashok Leyland

Ashok Leyland Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on May 07, 2002, R Seshasayee, Managing Director whose term of office was due to expire on March 31, 2003, has been re-appointed as Managing Director for 5 years from April 1, 2002 to March 31, 2007.

E K Thakur resigns from directorship of SBI

State Bank of India has informed BSE that E K Thakur director on the Bank's central board ceased to be a director on the board w e f March 13, 2002 consequent upon his resignation.

Robert Anthony appointed as Chairman of Skanska Cementation

Skanska Cementation India Ltd has informed BSE that Robert Anthony Wallace has been appointed as an Additional Director of the company with effect from April 30, 2002. He has also been appointed as the Chairman of the board with effect from May 01, 2002 in place of K E Clarke who has resigned as Chairman of the board of directors of the company with effect from May 1, 2002. K E Clarke continues as a director on the board.

Merger between Hewlett Packard USA & Compaq Computer USA formally concluded, says DigitalGlobal

Digital GlobalSoft Ltd has informed BSE that the merger between Hewlett Packard Company, Heloise Merger Corporation USA & Compaq Computer Corporation USA has been formally concluded and the launch of the new Hewlett Packard Company took place on May 7, 2002 at USA. Compaq Computer Corporation is the holding company of Compaq Computer Holdings Ltd UK that holds 51% of the shareholdings of Digital GlobalSoft Ltd.

Tata Power Co. FY-02 results on May 30, 2002

Tata Power Company Ltd has informed BSE that a meeting of the board of directors of the company will be held on May 30, 2002 to consider inter alia the final accounts and recommendation of dividend (if any) for the year ended March 31, 2002.

BSE imposes special margin on 2 scrips

BSE has informed the members of the exchange that Special Margin of 25% has been imposed in the under mentioned scrips with effect from Thursday. Special margins will be imposed on the basis of memberwise gross purchase or sale position ( Clientwise net ). The two scrips are: Scrip Code Scrip Name 500346 PUNJAB COMMUNICATION LTD 523359 SHARP INDUSTRIES LTD

Bajaj Electricals suspends operations of Matchwel unit at Pune for one month

Bajaj Electricals Ltd has informed BSE that for want of orders for the Company's product(s) manufactured at the Company's Matchwel Unit, at Pune, the Company has suspended its operations for a period of atleast one month w e f May 4, 2002 at 15:30 IST to June 7, 2002. The Company will consider to resume operations depending upon the development in the interim period

Jammu & Kashmir Bank FY-02 net up by 55.04%

Jammu & Kashmir Bank Ltd has posted a net profit of Rs 2598 million for the year ended March 31, 2002 as compared to Rs 1675.60 million in the year ended March 31, 2001. Total Income has increased from Rs 11570 million in the year ended March 31, 2001 to Rs 16110 million in the year ended March 31, 2002. The board has recommended a dividend of 50% for the year ended March 31, 2002 subject to approval from Reserve Bank of India.