Mega Corporation fixes record date for stock split

BSE has informed the members of the exchange that Mega Corporation Ltd has fixed October 07, 2002 as the record date for the purpose of stock split of every one existing equity share of Rs 10/- each into ten equity shares of Re 1/- each. The Reduced paid up value will be with effect from September 26, 2002.

Polaris Software Lab members approve amendment to Employee Stock Option Schemes

Polaris Software Lab Ltd has informed BSE that at the ninth AGM of the Company held on September 6, 2002 the members approved amendments to the Employees stock Option Schemes (ASOP 2000 and ASOP 2001).

Saptarishi Agro Board to consider allotment of shares to Global Green on preferential basis

Saptarishi Agro Industries Ltd has informed BSE that pursuant to the decision of the shareholders of the Company in the AGM held on August 27, 2002 the Company shall be allotting upto 1,13,50,000 equity shares of Rs 10/- each to Global Green Company Ltd (GGCL) on preferential allotment basis on or after September 13, 2002. Consequent upon the aforementioned allotment of shares the shareholding of GGCL in the Company will increase from 1,57,50,535 equity shares of Rs 10/- each (64.30%) to upto 2,71,00,535 equity shares of Rs 10/- each (75.61%) Further for the purpose of allotment of said shares a meeting of the Committee of Directors of the Company has been convened on September 13, 2002.

Available Finance reissues forfeited equity shares

BSE has informed the members of the exchange that Available Finance Ltd has re-issued 30,00,000 Equity Shares which were earlier forfeited by the Company due to non payment of allotment/call monies.

Geometric Software allots equity shares on conversion of options granted under ESOP Scheme

Geometric Software Solutions Company Ltd has informed BSE that the Allotment Company has allotted 9963 equity shares on conversion of options granted under ESOP Scheme and 3000 equity shares on conversion of options granted under preferential option scheme framed by the Company.

Cairn Energy to commence gas supply to Gujarat Gas in late Oct 2002

Gujarat Gas Company Ltd has informed BSE that supply of gas under an agreement for purchase of 1.27 million standard cubic meters of gas per day with a consortium led by Cairn Energy was to start between September 15, 2002 to September 30, 2002. But the Company has now informed that gas supply from Cairn energy is likely to start in late October 2002.

Indian Hotels Company Board approves investment in Hotel Owning Company

Indian Hotels Company Ltd has informed BSE that the Board of Directors of the Company at a meeting held on Friday considered an investment in a hotel owning Company. The Board of Directors of the Company decided in principle to acquire 19.90% of the equity share capital of Lokhandwala Hotels Pvt Ltd (LHL) for a consideration of approximately Rs 150 million, subject to negotiation and final agreement in the matter. In addition, the Company would be infusing upto Rs 100 million of equity in LHL pursuant to a rights issue of approximately Rs 500 million, which will be made in the near future. LHL owns the Regent Hotel in Bandra, Mumbai. Concurrently the Company will also execute a hotel operating agreement in respect of the operation of the hotel. ICICI Trusteeship Services Ltd (I ventures) shall also be simultaneously acquiring 80.10% of the equity share capital of LHL. The Company will have a right and an obligation to purchase the balance equity shareholding held by I ventures in one or more tranches. The terms of repayment of the loan and interest to financial institutions by LHL has been suitably restructured as part of a financing package.

Kodak India- open offer dates revised

JM Morgan Stanley Private Ltd has informed BSE that the date of open offer of Kodak India Ltd has been changed from September 10, 2002 to September 11, 2002 and the date of closing of the offer is now changed to October 10, 2002 from October 09, 2002. Earlier JM Morgan Stanley Private Ltd has informed BSE that Kodak Ltd ("Kodak UK") along with Eastman Kodak Company ("Kodak US") is making a voluntary offer to the public shareholders of the Kodak India Ltd to acquire up to 2,823,385 fully paid up equity shares at a price of Rs 350 per share (The offer price) payable in cash. Kodak UK holds 8,362,831 equity shares of Rs 10 each representing 74.76% of the issued equity share capital of Kodak India as on the date of this Public Announcement. The specified date is August 1, 2002. The Offer will open on September 10, 2002 The Date of closing of the offer is October 09, 2002

Nick Massey appointed as Director of GlaxoSmithkline Consumer Healthcare wef Nov 1, 02

GlaxoSmithkline Consumer Healthcare Ltd has informed BSE that Nick Massey, a British National has been appointed as a Director of the Company w e f November 1, 2002. It is intended that M Nick Massey will take over as Managing Director w e from that date. With effect from November 1, 2002 Mr S J Scarff cease to be a Managing Director but will continue as Non-Executive Chairman of the Company.

Centurion Bank denies news item

With reference to the news item appearing in a leading financial daily titled "Centurion, Indusind talk merger" Centurion Bank Ltd has informed BSE that the Bank does not have under consideration, any firm proposal for investment by any strategic Investor/ for merger with any other entity.

Update on Hindalco Ind two way fungibility of GDRs with Ordinary Shares

Hindalco Industries Ltd has informed BSE that consequent to the availability of two-way fungibility the Company has requested the Depository Bank ie Morgan Guarantee Trust Company of New York (USA) and local custodian ie Citibank NA to allow and entertain requests for two way fungibility with the local ordinary shares of the Company as permissible under the notification issued by the RBI, offering foreign investors the aforesaid facility.

Pfizer Q3 results on September 26, 2002

Pfizer Ltd has informed BSE that the Board Meeting for taking on record the unaudited financial result for the third quarter ended August 31, 2002 is to be held on September 26, 2002.

Housing Dev Fin Corpn allots shares under Employees Stock Option Scheme

Housing Development Finance Corporation Ltd has informed BSE that the Corporation has on Friday allotted 1,02,964 equity shares of Rs 10/- each under the Employees Stock Options Scheme (ESOS).

Shaw Wallace & Company clarifies on news item

With reference to the news item titled " UB, Shaw in race for Rajasthan Breweries" Shaw Wallace & Company Ltd has informed BSE that the news items is generally speculative in nature and is not based on any facts provided by the Company.

Vardhman Polytex annulls forfeiture of equity shares

Members of the exchange are hereby informed that Vardhman Polytex Ltd has annulled the forfeiture of 1586 equity shares which were earlier forfeited by the company due to non-payment of allotment/call monies. The above mentioned annulled shares will be good delivery in the market.

Reliance Industries clarifies on news item

With reference to the news article appearing in a leading financial daily regarding Reliance Industries Ltd (RIL) has struck huge reserves of gas in one of the offshore basin where it has been prospecting for oil and gas, RIL has informed BSE that the Company has been awarded certain exploration blocks by Government of India in last 2 years. As per the contractual commitment to Government RIL has been carrying out Petroleum operations since then. The Oil and Gas operation involves studies and scientific evaluations before arriving at any conclusion on any results. The company has further informed that the results of the operation are under evaluation and study.

Bombay Minerals becomes a wholly owned subsidiary of Ashapura Minechem

Ashapura Minechem Ltd has informed BSE that they have acquired the remaining 49% of the equity share capital of Bombay Minerals Ltd. Consequently Bombay Minerals Ltd have become a wholly owned subsidiary of the company which will enable the company to have a better control over the sources of the minerals held by Bombay Minerals Ltd & thereby maintain consistency & contribute to the export business of the company. Earlier the company had informed that it has acquired 51% stake in Bombay Minerals Ltd and has an option to acquire the remaining stake in the said company. As a result of the acquisition of Bombay Minerals Ltd, the Company will also acquire control over the subsidiary of Bombay Minerals Ltd namely Prashansha Ceramics Ltd.

Pentasoft Technologies fixes record date for bonus issue

BSE has informed the members of the Exchange that Pentasoft Technologies Ltd has fixed October 16, 2002 as record date for issue of two Bonus shares for every ten existing equity shares held. The shares will be traded on cum bonus basis upto October 10, 2002 and will be traded on ex bonus basis from October 11, 2002.

CARE downgrades rating assigned to Hindustan Inks & Resins outstanding NCD

Hindustan Inks & Resins Ltd has informed BSE that the Credit Analysis & Research Ltd (CARE) has retained the 'PR 1 +' (PR One Plus) rating assigned to the company's Short Term Debt Programme (including Commercial Paper) for an enhanced amount upto Rs 250 million for a maturity upto one year and downgraded the ratings assigned to the outstanding Secured Non-convertible Debenture (NCD) Issues (Series I, II, III) of the Company for an aggregate amount of Rs 760 million from 'CARE AA+' to 'CARE AA'.

ITL Industries allots Equity share warrants to promoters & relatives

ITL Industries Ltd has informed BSE that the Board of Directors in their meeting held on August 30, 2002 has decided to issue 700000 Equity Shares warrants to the Promoters & their relatives to increase capital base of the company. These Equity Share Warrants to be converted into fully paid up equity Shares of the company of Rs 10 each within 18 months from the date of issue of such warrants subject to payment of 10% of the fixed price of Rs 10 per share i.e Re 1 per warrant payable on or before the date of allotment.

Fire breaks out at Neyveli Lignites' lignite transfer system at Thermal Power Station - II

Neyveli Lignite Corporation Ltd has informed BSE that a major fire broke out about 4.45 pm on September 4, 2002 at the lignite transfer system in Thermal Power Station - II, causing damage to the conveyor system carrying lignite from crusher to boiler bunker, which has resulted crippling of power generation in Thermal Power Station - II. Based on the preliminary study, it is expected that the normalcy would be restored within about 15 days and all the units would be commissioned by then. The loss of generation of power from the Thermal Power Station - II on account of the above fire, as per the production target, is around 22 million Kwhr. Per day. However all out efforts are being taken on war footing basis to restore normalcy and to commission all the units at the earliest. The company further confirms that adequate insurance coverage has been made on the assets destroyed due to the above fire accident and further confirm that loss of profit on account of non generation of power due to the above accident has also been covered under the insurance.

CDR Healthcare Board to consider scheme of amalgamation

CDR Health Care Ltd has informed BSE that a meeting of the Board of Directors will be held on September 11, 2002 to consider the amalgamation scheme of a) M/s Siddhartha Health Care Ltd b) M/s Jagadish Cancer and Research Center Pvt. Ltd and c) M/s Bangalore Health Care Pvt. Ltd with M/s CDR Health Care Ltd.

Ninad Umranikar appointed as company secretary of Kale Consultants

Kale Consultants Ltd has informed BSE that Mr Ninad G Umranikar has been appointed as Company Secretary of the Company w e f September 5, 2002.

High Court- Mumbai approves amalgamation of Virat Invt. & VSL with Voltas

Voltas Ltd has informed BSE that the High Court, Mumbai has at the hearing fixed on September 5, 2002, approved the amalgamation of Virat Investment Company Ltd (Virat) and Voltas Systems Ltd (VSL), wholly owned subsidiaries of the Company, and passed the order sanctioning the Scheme of Amalgamation of Virat Investment Company Ltd and Voltas Systems Ltd with Voltas Ltd, effective April 1, 2002. Earlier the Company had informed that the Board of Directors had approved the amalgamation of Virat and VSL with the Company effective April 1, 2002, subject to obtaining the requisite approvals including that of the High Court, Mumbai. The Company would commence steps to implement the Court Order upon its receipt, including filing a copy of the same with the Registrar of Companies, Maharashtra, Mumbai.

Cummins India Plant at Kothrud to be kept closed on all Saturdays in Sept 2002

Cummins India Ltd has informed BSE that considering the drop in demand for the Company's products in the export market and in view of Company's objective to reduce overall production cost and also for carrying out Plant maintenance, the Company has decided to keep its plant at Kothrud, Pune 411038 closed on all Saturdays in September, 2002.

Veronica Lab to launch two products

Veronica Laboratories Ltd has informed BSE that the company has planned to launch following two products for which it holds approval from FDA:- Brand Name--------------------Indication Doxyver Capsule--------------------Infections with susceptible Organisms Vedrox Capsules and Dry Syrup-------------------- Respiratory tract infection, skin and soft tissue infection, UTI, Sinusitis, Otitis Media. The company will get these products prepared on contract manufacturing basis and intends to market these product in the Generic segment on all India basis.

BSE imposes Special Margin on 2 scrips

BSE has informed the members of the exchange that Special Margin in the under mentioned scrip has been imposed as mentioned alongside with effect from Friday. Members are further informed that special margin will be imposed on the basis of memberwise gross outstanding purchase or sale position (Clientwise net) as indicated below: Code----------Name----------Group----------Special Margin Per Share (%)(Purchases) 517471----------KTL INFOSYS LTD----------B2----------25 531611----------PRRANETA INDUSTRIES LTD----------B2----------25

Jindal Vijaynagar Steel announces change in management structure

Jindal Vijaynagar Steel Ltd has informed BSE the following changes in company's directorate: B S Patil IAS has resigned as Director and KK Misra IAS has been appointed as Additional Director on the Board of the Company w e f August 23, 2002.