A meeting of the board of directors of BWL Ltd will be held on January 11, 2003 to consider the following:
1. To consider the status before AAIFR
2. To discuss the status of Debt Recovery Tribunal at Jabalpur
3. To discuss the status regarding writ petition filed before Bilaspur High Court against notice received from the State Bank of India under Securitisation & Reconstruction of Financial Assets and Enforcement of security interest Ordinance.
4. To discuss about legal notice received from State Bank of Patiala.
5. To consider results for the quarter ended December 31, 2002.
Balkrishna Industries finalises purchase of Auto Tyre Plant from Govind Rubber
Balkrishna Industries Ltd has informed BSE that it has finalised the purchase of the Auto Tyre Plant with capacity of 5400 tons per annum (TPA), from M/s Govind Rubber Ltd, located at Biwadi, Rajasthan, for a consideration of Rs 169.60 million. The purchase is subject to approval of Banks, Financial Institutions and other statutory authorities as applicable.
N Mohan ceases to be a director of Binani Ind
N Mohan who was appointed as wholetime director of Binani Industries Ltd ceased to be a director of the company on the end of his tenure of appointment.
Nucent Finance to consider divestment of shares of its subsidiaries
A meeting of the board of directors of Nucent Finance Ltd will be held on January 08, 2003 to consider divestment of shares of its subsidiaries, Nucent Securities Ltd & Nucent Share & Stockbroking Services Ltd.
Gujarat Narmada Valley director resigns
Gujarat Narmada Valley Fertilizers Company Ltd has informed BSE that Shri S G Mankad ceased to be a Director vide resignation with effect from December 31, 2002.
IPCL Q3 results on January 30, 2003
Indian Petrochemicals Corporation Ltd has informed BSE that a meeting of the Board of Directors is scheduled on January 30, 2003, inter alia, to take on record the Unaudited Financial Results for and upto Third Quarter ended December 31, 2002 (Q3).
Satish Marathe takes over as CEO of United Western Bank
United Western Bank Ltd has informed BSE that Satish K Marathe, is appointed as chairman and CEO of the bank with effect from December 31, 2002.
Sujana Steels members approve issue of preferential shares
Sujana Steels Ltd has informed BSE that the following resolutions were approved at the AGM of the company held on December 27, 2002:
1) To issue/offer preferential shares.
2) To make loans, investments and to give guarantee or provide security.
3) To create, issue, offer, allot equity shares and / or warrants compulsorily convertible into equity shares at a later date and / or any other financial instruments compulsorily convertible into equity shares at a later date, as may be decided by the Board either through public issue and / or rights or through preferential allotment.
4) To alter the object clause by inserting the activities to carry on the business of agriculture and allied products, engineering goods and precious metals and other related products.
5) To keep the Statutory records at the office other than register office.
Sujana Industries members approve issue of preferential shares
Sujana Industries Ltd has informed BSE that the following resolutions were approved at the Annual General Meeting of the company held on December 27, 2002:
1) To issue/offer preferential shares.
2) To make loans, investments and to give guarantee or provide security.
3) To create, issue, offer, allot equity shares and / or warrants compulsorily convertible into equity shares at a later date and / or any other financial instruments compulsorily convertible into equity shares at a later date, as may be decided by the Board either through public issue and / or rights or through preferential allotment.
4) To alter the object clause by inserting the activities to carry on the business of agriculture and allied products, engineering goods and precious metals and other related products.
5) To keep the Statutory Records at the office other than register office.
Pentium Infotech ties up with Purple Software, Singapore
Pentium Infotech Ltd has informed BSE that it was appointed by Purple Software Pte Ltd of Singapore as a business partner in the Asia Pacific region to market its products and services.
Goldstone Teleservices to expand BPO operations
Goldstone Teleservices Ltd has informed BSE that the company has made allotment of 28,25,000 equity shares on conversion of the warrants issued to promoters earlier in the year 2002. The Promoters have brought in the balance 90% of the money payable on allotment of 28,25,000 equity shares at Rs 17 per share comprising of face value Rs 4 and share premium of Rs 13 per share. The total inflow into the company by this allotment is of the order of Rs 43.20 million, which will be utilised for expansion of BPO operations.
Goldstone's first 200-seat capacity "International Call Center" is fully functional with firm orders from reputed Global Companies and started operations effective November 2002. Goldstone is in the process of recruiting "Subject Matter Experts" (SMEs) and "Process Specialists" in the focused verticals of Insurance, Banking and Health Care to meet the delivery demand.
Shaw Wallace revises open offer to the shareholders of Skol Breweries
J M Morgan Stanley Pvt Ltd has informed BSE that Shaw Wallace Breweries Ltd (Shaw Wallace, Acquirer) has revised the Open Offer made to the Equity Shareholders of Skol Breweries Ltd (Skol, Target Company). As per the revised offer, the Offer is made to all public shareholders of Skol and to bodies corporate not being acquirer in respect of their shareholding in Skol. Accordingly Shaw Wallace will acquire upto 3,339,574 equity shares representing 10.03% of the issued equity capital of Skol, being the total shareholding of the public and bodies corporate not being the acquirer, in Skol.
Earlier, J M Morgan Stanley Pvt Ltd had informed BSE that Shaw Wallace propose to make an open offer under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 to acquire 9.98 % of the outstanding subscribed and issued equity share capital aggregating to 3,322,814 fully paid up equity shares of Skol at a price of Rs 38.07 per equity share payable in cash.
