Fortune Informatics Board to consider allotment of shares to Rex Rotary/Fortune Foundation Trust

Fortune Informatics Ltd has informed BSE that the Board of Directors of the Company will be meeting on September 16, 2002 inter alia to consider allotment of fully paid up equity shares to the following parties in terms of special resolution passed by the shareholders in the EGM held on January 2, 2002 for preferential allotment of warrants/shares Name of party Rex Rotary Ltd UK----------------800000 shares Fortune Foundations Trust (ESOP Scheme)-----------------200000 shares

Vysya Bank announces change in management structure

Vysya Bank Ltd has informed BSE that in its meeting held on September 9, 2002 the following changes have been approved consequent to increase in the stake of equity of BBL (ING Group) from 20% to 43.99%. 1) The following Directors resigned from the office of Director w.e.f September 09, 2002: a) M K Ramachandra b) H N Tarachandani c) Yadalam A Subramanyam d) K V K Seshavataram e) G B S Raju. 2) Peter Alexander Smyth a nominee of ING Group has been appointed as Director in the casual vacancy caused by the resignation of M K Ramachandra w.e.f. September 09,2002. 3) Jacques P M Kemp a nominee of ING Group has been appointed as Director in the casual vacancy caused by the resignation of G R S Raju with effect from September 9, 2002

Vishwanath & Deepak Harlalka along with PACs makes open offer to acquire 28.21% equity shares of Gini Silk Mills

Anand Rathi Securities Pvt Ltd has informed BSE that Mr Vishwanath Harlalka, and Mr Deepak Harlalka (Acquirers) along with Persons Acting in Concert (PACs) is making an offer to the equity shareholders of Gini Silk Mills Ltd (Target Company) to acquire upto 16,10,100 fully paid up equity shares of Rs 10 each, representing 28.21% of the paid up equity share capital at a price of Rs 12 per share (the "offer price") payable in cash subject to terms and conditions mentioned hereinafter. Out of the total issue equity share capital of the Target Company, an amount of Rs 3,51,993 is due to the Company as calls in arrears on 1,20,100 shares. The paid up value of these shares in Rs 8,49,007/-. The offer price with regard to shares having calls in arrears will be reduced by the amount in arrears plus interest thereon. The offer is not subject to any minimum level of acceptance. The Acquirers along with PACs hold 40,97,600 equity shares representing 71.79% of the issued and subscribed equity share capital of the Target Company. In order to consolidate their holdings in the Company, the Acquirers have decided to acquire further shares in Gini Silk Mills Ltd and pursuant to Regulation 11 (1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 1997 the Acquirer has decided to make an open offer to all the remaining shareholders. The Specified Date is September 16, 2002 The Date of the opening of the offer is October 28, 2002 The Offer will close on November 27, 2002.

Parke Davis Q3 results on September 26, 2002

A meeting of the Board of Directors of Parke Davis India Ltd is scheduled to be held on September 26, 2002 to take on record the unaudited financial results for the third quarter ended August 31, 2002.

J K Industries Board declares interim dividend at 14%

J K Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on Monday has declared an interim dividend of 14% ie Rs 1.40 per equity shares of Rs 10 for the eighteen months financial year ended September 30, 2002.

Atco Healthcare announces change in management structure

Atco Healthcare Ltd has informed BSE that the Board of Directors of the Company in its meeting held on Monday re-designated Mr Sharad A Doshi as Chairman Cum Managing Director of the Company w e f September 9, 2002. He was earlier appointed as an Executive Director by the Board in its meeting held on July 30, 2002 w e f August 1, 2002 for a period of three years. The Board of Directors of the Company in the said meeting also accepted the resignation of Mr Vikram A Doshi from the Directorship of the Company w e f September 9, 2002.

Zodiac Clothing Board to consider amalgamation of Mayfair- its subsidiary with the Co

Zodiac Clothing Company Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on September 11, 2002 to deliberate interalia the proposal of amalgamation of Mayfair Ltd (subsidiary of the Company) with Zodiac Clothing Company Ltd.

MICO Bangalore plant to have a five day working week

Motor Industries Co Ltd has informed BSE that w e f September 9, 2002 the MICO Bangalore plant (excluding elements and delivery valves division) will have a 5-day working week. Reduction in call off by its customers has necessitated this step by the Company.

Eider Commercial Varsity's "Emerging Applications in DSP & Embedded Area" a one day workshop at the CSIC auditorium-IISc, Bangalore

Eider Commercials Ltd a division of Cranes Software International Ltd who were the first to start training in DSP and embedded applications to students and corporate in India conducted a One-day workshop on "Emerging Applications in DSP & Embedded area". This workshop was for the benefit of engineering students in the domain areas of Digital Signal Processing and real time operating systems. The workshop was being held at CSIC Auditorium- IISc, Bangalore on the ninth of September 2002. The purpose of this workshop was to give a clear insight with regard to the opportunities and growth path, associated in these areas of applications. Hence it was necessary to convey the message to Engineering students community across the length and breadth of the country. The student turnover of 250 plus speaks of the enthusiasm and interest of the students in the emerging applications in DSP and embedded area. Leading members of academia and the industry like Texas Instruments, CSIL & L&T addressed the students on the above domains.

Sukumar Oommen appointed as Chairman & MD of Madras Fertilizers

Madras Fertilizers Ltd has informed BSE that the Government of India has appointed Sukumar N Oommen, IAS as the Chairman and Managing Director of Madras Fertilizers Ltd for a period of 5 years. He has taken over as CMD, MFL effective September 06, 2002.

German Remedies offers VRS for Andheri plant

The management of German Remedies Ltd started restructuring of manufacturing operations to synergise the manufacturing activities of Zydus Cadila & German Remedies. The objective of this restructuring is to improve capacity utilsation, productivity and reduce cost of production. As part of this exercise the management of German Remedies has decided to close down Andheri factory operations effective October 1, 2002. The products manufactured at Andheri plant will be transferred to the Goa plant of German Remedies as well as the Ahmedabad plant of Zydus Cadila. The company has offered a VRS package to its employees at Andheri factory. The total outgo is likely to be upward of Rs 300 million for VRS.

Fitch India affirms rating assigned to Siyaram Silk Mills CP/short term debt programme

Siyaram Silk Mills Ltd has informed BSE that FITCH Rating India Pvt. Ltd. has affirmed the F1 rating assigned to the Rs 100 million commercial paper / short- term debt programme (tenure not exceeding one year) of the Company.

Aurobindo Pharma clarifies on news item

With reference to a news item appearing in a leading financial daily titled 'Aurobindo Pharma sets sights on generics line', Aurobindo Pharma Ltd has informed BSE that as a part of Company's Restructuring Programme, with enhanced presence in non-regulated, markets, the Company is planning to enter into regulated generics market. Products and manufacturing facilities are being strengthened with strategic repositioning of production, Systems and process. The Company is reinforcing marketing efforts by working for product and process approvals Company has made fresh investments and expanded the activities at Research & Development Centre. More stress has been laid on its future plan of entering into the generics market having huge manufacturing facilities backed by the state of art R & D Centre. Satisfactory progress has been made in developing non-infringing processes for some of the drug molecules. In pursuance of this objective the Company's R & D Centre has already filed 12 patents during the course of the year. Company has entered into an agreement to form a joint venture Company called Cephazone Pharma LLC, USA in association with Geravi Inc, a subsidiary of Medpharmex, USA to make sterlite and non-sterlite cephalosporin. The investment in the joint venture will be made by our Company's wholly owned subsidiary viz, APL Holdings Inc.

Andhra Pradesh High Court approves amalgamation of Venkeys Foods with Venky's India

Venky's India Ltd has informed BSE that the Honorable High Court of Andhra Pradesh, Hyderabad has approved the Scheme of Amalgamation of Venkeys Foods India Ltd, a 100% subsidiary of the company with the company. The Hon'ble High Court of Mumbai has already approved the Scheme. The company has further informed that the scheme will be effective from filling the same with Registrar of companies at Hyderabad and Pune, which will be done shortly.

City Union Bank opens a new branch at Thrissur - Kerala

City Union Bank Ltd has informed BSE that they have opened a new branch of the bank at Thrissur (Kerala State) on September 2, 2002.

Novartis India completes sale of second plot of land and premises at Goregaon

Novartis India Ltd has informed BSE that it has completed formalities for transfer of its second plot of land and premises, situated at Goregaon, to Kingston Properties Pvt. Ltd. on receipt of consideration of Rs.198.80 million after discount given on pre-payment.

Delisting of equity shares of Shree Krishna Paper Mills from Jaipur Stock Exchange

Shree Krishna Paper Mills & Industries Ltd has informed BSE that the company's equity shares have been delisted from Jaipur Stock exchange wef August 27, 2002.

Venky's India Board approves buyback

Venky's India Ltd has informed BSE that the board of directors of the company at its meeting held on September 9, 2002 has approved the proposal of buy-back of equity shares of the company from the open market. The amount of buyback shall not exceed Rs 72.80 million (10% of the paid up share capital and free reserves of the Company as on March 31, 2002). The maximum price at which buyback will be made is Rs 65 per share.

Nestle India clarifies on news item

With reference to the news item "Nestle lines up Rs 100 crore investment in dairy segment" appearing in a leading financial daily, Nestle India Ltd has informed BSE that the amount of Rs 1000 million is not only for the dairy segment but is a broad indication, based on past investments made, of the possible total Company investment in all sectors of its business such as Production, Information Technology, Distribution etc. The Company has further informed that the Company has entered into businesses like bottled water, Chilled dairy including Dahi and Nestle UHT Milk, which require sustained marketing support. The figure as stated in the article is a broad and general estimate and actual expenses will depend on the dynamic and competitive environment and the business requirements.

VSNL, partners to build new submarine cable linking South East Asia, Middle East and Western Europe

Videsh Sanchar Nigam Ltd, India's premier provider of international telecommunications services and leading internet service provider, and 12 other international telecommunications carriers on September 4, 2002 signed a memorandum of understanding in Bali, Indonesia to jointly work on the construction of a new submarine cable linking South East Asia, the Midde East and Western Europe. The cable project will connect 12 countries - Indonesia, Singapore, Malaysia, Bangladesh, India, Sri Lanka, Pakistan, United Arab Emirates, Saudi Arabia, Egypt, Italy, and France. The other partners in the cable project are PT Indosat, Singapore Telecommunications Ltd, Telekom Malaysia Berhad, BangladeshTelegraph and Telephone Board. Bharti Enterprise Sri Lanka Telecom, Pakistan Telecommunication Company Ltd, Emirates Telecommunications Corporation , Saudi Telecom Telecom Egypt, Telecom Italia S p a and France Telecom. It is currently under planning that this cable project will be built using DWDM technology, with a proposed design capacity of 1.28 Terabits per second. The network will provide much needed bandwidth as the existing cables along the same route become saturated. Currently data traffic from South East Asia and the Middle East to Europe is routed via smaller capacity cables, mainly SEA ME WE 3 and Flag.

BSE revises special margin on 87 scrips

BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from today (September 9, 2002). The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Members are hereby informed that 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)(%) Per Share(Sale)(%) 524665 ADD LIFE PHARMA B2 0 25 530707 AFTEK INFOSYS B1 25 532311 AMEX INFORMATIO B2 25 532259 APAR INDUSTRIES B2 25 531541 AVON ORGANICS B2 25 532161 BAFFIN ENGINEER B2 25 502355 BALKRISHNA INDS B2 25 500048 BHARAT EARTH MO B1 25 532113 BRIJLAXMI LE B2 25 523200 CLASSICS DIAM B2 25 506390 COLOUR CHEM B1 25 508814 COSMO FILMS B2 25 532419 D LINK INDIA B1 25 532365 DYNACON SYSTEM B2 0 25 509028 E SERVE IN B1 25 532417 E STAR INFOTECH B2 25 505200 EICHER MOTOR B1 25 500128 ELECTROSTEEL CA B1 25 500627 ESSAR STEEL B1 25 506156 ETC NETWORKS B2 25 511744 FCGL INDUSTRIES B2 25 532326 FORTUNE INFO B2 25 500655 GARWARE POLY B2 25 506109 GENESYS INTER B1 25 503699 GEODESIC INF B2 25 532312 GEOMETRIC SOFT B1 25 507732 GODAVARI FERT B2 25 526729 GOLDIAM INT B1 25 530663 GOYAL ASSOCIATE B2 25 500185 HIND CONSTRUC B1 25 524652 IND SWIFT B1 25 500207 INDO RAMA SYN B1 25 532010 INDOTECH CAPITA B2 25 532175 INFOTECH ENT B1 25 512447 INNOVISION E CO B2 25 524494 IPCA LABORATOR B1 25 507480 ISHWAR MEDICAL B2 25 531816 IT MICROSYSTEM B2 25 530773 IVRCL INFRA B1 25 506943 J B CHEMICALS B1 25 500107 JINDAL IRON B1 25 532256 JINDAL STRIPS B1 25 517471 KTL INFOSYS B2 25 532275 LANDMARC LEISUR B1 25 500266 MAH. SCOOTER B1 50 500265 MAHARASHTA SEAM B1 50 502157 MANGALAM CEMENT B2 25 532337 MASCOT SYSTEM B1 25 524794 MATRIX LABS B2 25 512267 MEDIA MATRIX B2 25 531417 MEGA CORPORATIO B2 0 25 524101 NALCO CHEMICAL B1 25 504112 NELCO B1 25 531209 NUCLEUS SOFTWAR B1 25 520021 OMAX AUTOS B1 25 532091 ORBIT MULTI B2 50 532350 PADMALAYA TELE B1 25 531492 PENTA COMMUN B1 0 25 524051 POLYPLEX B2 25 522205 PRAJ INDUSTRIES B2 25 531611 PRRANETA INDS B2 25 506618 PUNJAB CHEMICAL B2 25 500346 PUNJAB COMM B1 25 500355 RALLIS INDIA B1 25 524230 RASHTRIYA CHEM B1 25 513583 S B & T B1 25 500370 SALORA INTER B1 25 514234 SANGAM INDIA B2 25 531488 SANYO IMPEX B2 0 25 511218 SHRIRAM TRANS B2 25 523083 SOMPLET B2 25 512531 STATE TRADING B1 25 512640 STOCK NET INTER B1 0 25 532348 SUBEX SYSTEM B1 25 504290 TATA INFOTEC B1 25 500463 TATA TELECOM B1 25 531554 TOP TELEMEDIA B2 0 25 531659 TRANSNAT SEC B2 25 500423 TVS ELECTRONICS B1 25 500464 UCAL FUEL SYST B1 25 531790 UNIVERSAL MEDIA B2 0 25 532156 VAIBHAV GEMS B1 25 524802 VERONICA LABS B2 25 532214 VISUAL SOFTWARE B1 25 511246 WHITE LION ASIA B2 25 25 504067 ZENSTAR TECHNOL B1 25 526498 ZYNERGY B2 0 25

Eonour Tech bags orders from Hero Puch and Andhra Pradesh (AP) Schools

Eonour Technologies, a Chennai based technology solutions provider has received two prestigious orders from Hero Honda group and AP Schools recently. Hero group's order pertains to an autonomisation of dealers network of Hero Puch. Eonour has earlier provider automation of the dealers of Hero Honda and this is an automatic entry into their other group Company. The initial phase will cover automisation of 65 dealers. The Second prestigious order is an order bagged by System Telecom and Data Services (STADS), a 100% subsidiary of Eonour Technologies from 340 schools of Andhra Pradesh, for a networking assignment. This project has been out sourced by NIIT and Wipro for offering networking solutions to these 340 schools across Andhra Pradesh. The project being implemented in the schools across Andhra Pradesh will take care of data networking and electrical design work at these locations. "With these orders, the order books of the Eonour have gone up to Rs 1300 million on a consolidated basis. These orders are of the high margins and hence the bottom line of the Company will improve considerably during the current fiscal with an impact of strengthening of the consolidated EPS of the Company." Said R Karthik, CEO, Eonour Technologies Ltd. Giving more details of the Hero Puch order, Mr R Karthik said eonour has taken up the job of automating the dealer network of Hero Puch, which completely integrates all the activities including inventory control, purchase, accounts customer relations, payroll, service etc. This serves as a complete ERP to any dealer network by allowing information sharing. This completely reduces chances of error and maintains absolute integrity of information and provides excellent reporting tools for the OEM. Talking out AP schools order bagged by STAD, he said eonour holds 100-stake in System Telecom and Data Services (STADS) and is geared to address networking and system integration needs through acquisition of STADS.

Gammon India replaces Sandvik Asia in BSE-500 Index

BSE has informed the members of the Exchange that Sandvik Asia Ltd would be delisted w.e.f. September 09, 2002 pursuant to compliance with Clause 21(3)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 1997. The following replacement would be made in BSE-500 index. BSE - 500 Index Code ----- Outgoing ----- Code ----- Incoming 500374 -----Sandvik Asia Ltd ----- 509550 -----Gammon India Ltd The change would be effective from September 9, 2002.