VVN Mfg to consider delisting of equity shares from two stock exchanges

A meeting of the board of directors of VVN Mfg & Investa Ltd is scheduled to be held on January 22, 2003 to consider the following: 1. Delisting of equity shares of the company from Bombay Stock Exchange & Vadodra Stock Exchange 2. Fixing of record date to provide exit route option to the shareholders of the company 3. Take on record the unaudited financial results for the quarter ended December 31, 2002.

Finolex Cables Q3 results on Jan 31, 2003

A meeting of the board of directors of Finolex Cables Ltd will be held on January 31, 2003 to take on record the Unaudited Financial Results for the quarter ended December 31, 2002.

KPIT Infosystems to allot equity shares to Cummins

A meeting of the board of directors of KPIT Infosystems Ltd will be held on January 15, 2003 to 1. Take on record and approve the unaudited financial results of the company for the quarter ended December 31, 2002. 2. To take on record the order passed by the Hon'ble High Court, Mumbai for approving the scheme of amalgamation between KPIT Infosystems & Cummins Infotech Ltd. 3. To allot 7,04,000 equity shares to Cummins India & Cummins Inc as per the scheme of amalgamation between KPIT Infosystems & Cummins Infotech.

Spanco Tele to consider further issue of shares

A meeting of the board of directors of Spanco Telesystems & Solutions Ltd will be held on January 13, 2003 to consider the following: 1. Further issue of shares 2. Approve draft notice of EGM 3. Amendment to Object Clause of MOA to introduce new object clause relating to BPO, setting & Operating of call centres and other IT enabled services.

Diamant Carbon to consider sale of assets

A meeting of the board of directors of Diamant Carbon & Graphite Products Ltd will be held on January 11, 2003 to consider the following: 1. Sale of assets and to transfer liabilities on slump sale basis 2. Consider the resolutions pursuant to section of the Companies Act subject to the approval of the members of the company in forthcoming EGM.

Soffia Software to consider approval of scheme of merger of TranSys Tech with the company

A meeting of the board of directors of Soffia Software Ltd will be held on January 13, 2003 to consider the following: 1. Approve the scheme of merger of TranSys Technologies Private Ltd with the company subject to the various formalities to be complied with. 2. Consideration of unaudited financial results for the quarter ended December 31, 2002. 3. Appointment of additional directors, if any.

Banswara Syntex Company Secretary changes

Banswara Syntex Ltd has informed BSE that Shri J K Jain has been appointed as Vice President (Finance & Accounts) & Company Secretary in place of Shri Mahesh Bhutra.

Svam Software Company Secretary changes

Svam Software Ltd has informed BSE that Narendra Singh has been appointed company secretary wef January 1, 2003 in place of Sandeep Sabharwal.

HFCL Board approves issue of warrants on preferential basis

Himachal Futuristic Communication Ltd has informed BSE that that the Board of Directors at its meeting held on Wednesday has accorded its approval for the issuance of 20 million warrants at a price of Rs 44.35 per warrant to Promoters, Promoters Group Companies, Directors, their Associates and relatives on Preferential basis. The board has taken this decision in view of the facts that the resolution passed by the shareholders at the AGM held on September 28, 2002 could not be implemented within the validity period of three months.

Dabur India Q3 results on January 29, 2003

A meeting of the board of directors of Dabur India Ltd will be held on January 29, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.

Bharat Earth Movers Q3 results on January 22, 2003

Bharat Earth Movers Ltd has informed BSE that the board meeting of the company is scheduled to be held on January 22, 2003 to consider and take on record the un-audited financial results for the third quarter ended on December 31, 2002 of the Financial Year 2002-2003 along with other subjects.

Ranbaxy Laboratories allots shares under ESOS

Ranbaxy Laboratories Ltd has informed BSE that the Committee of Directors at its meeting held on Wednesday has allotted 12,473 Equity shares of Rs 10 each on exercise of stock options under the Employees Stock Option Scheme of the Company.

HCL Tech allots shares under ESOP

HCL Technologies Ltd has informed BSE that the Employees Stock Option Allotment Committee of the Company has on January 8, 2003, allotted 31,746 shares of Rs 2/- each (at a premium of Rs 125.50 per share) to the employees on exercise of their Stock Options under the 1999 Employees Stock Option Plan.

HFCL board approves payment of interim dividend to preference shareholders

The board of directors of Himachal Futuristic Communications Ltd at their meeting held on January 8, 2003 approved the payment of interim dividend amounting to Rs 526,00,000 to the Preference Shareholders against their dividend entitlements for the year 2000-2001.

Indian Hotels defers Board meeting for sale of two hotel properties

Indian Hotels Company Ltd has informed BSE that it has been decided to defer the consideration of the item relating to the sale of the two hotel properties of the Company in the meeting of the Board scheduled to be held on January 9, 2003.

Revised schedule of tender offer for buyback of shares of Chordia Food Products

Chordia Food Products Ltd has informed BSE that the buyback offer will open on January 9, 2003 and will close on January 29, 2003. Earlier Chordia Food Products Ltd had informed BSE that it has made an offer to Buy-back upto 2,25,000 fully paid up Equity Shares of Rs 10 each representing 7.02 % of the Issued, Subscribed and Paid up Equity Share Capital of the Company at Rs 22.50 per Share in cash through Tender Offer. The specified date is December 23, 2002. The date of opening of the buy-back offer is December 30, 2002. The date of closing of the buy-back offer is January 29, 2003.

LIC Housing Finance Q3 results on Jan 21, 2003

A meeting of the board of directors of LIC Housing Finance Ltd will be held on January 21, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.

Harijay Ind fixes Book Closure for Bonus Issue

Harijay Industries Ltd has fixed February 21, 2003 to February 24, 2003 (both days inclusive) as the book closure for ascertaining the name of the members of the Company entitled to the bonus Shares as approved by the members of the Company in the EGM of the company on January 6, 2003. The board has cancelled the book closure from January 25, 2003 to January 28, 2003.

Jaiprakash Ind to consider merger proposal

A meeting of the board of directors of Jaiprakash Industries Ltd will be held on January 9, 2003 inter-alia consider the proposal to merge Jaiprakash Industries Ltd and its subsidiary Jaypee Cement Ltd.

Godrej Consumer Products members approves buyback of shares

Godrej Consumer Products Ltd has informed BSE that the shareholders have approved by a Special Resolution through Postal Ballot a proposal for buyback of equity shares through the open market at a maximum price of Rs 175 per share subject to a maximum outlay of Rs 100 million for the buyback. Earlier the board of directors at its meeting held on October 22, 2002 had approved the proposal for buyback of equity shares at a price of Rs 175 per share subject to a maximum outlay of Rs 100 million.

Corporation Bank Q3 results on Jan 20, 2003

A meeting of the board of directors of Corporation Bank will be held on January 20, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.

Ashok Leyland Q3 results on Jan 24, 2003

A meeting of the board of directors of Ashok Leyland Ltd will be held on January 24, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.

Hind Oil Exploration Q3 results on Jan 22, 2003

A meeting of the board of directors of Hindustan Oil Exploration Company Ltd will be held on January 22, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.

Adani Exports Q3 results on Jan 25, 2003

A meeting of the board of directors of Adani Exports Ltd will be held on January 25, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.

V Janakiraman re-appointed as CMD of Centurion Bank

Centurion Bank Ltd has informed BSE that V Janakiraman has been appointed as chairman & managing director of the bank for a further period of six months wef January 4, 2003. Rupesh Saraiya has assumed charge as company secretary of the Bank with effect from September 9, 2002.

Gulf Oil Corporation to seek members approval for reduction of capital

Gulf Oil Corporation Ltd has informed BSE that the EGM of the company is scheduled to be held on January 25, 2003 to consider the following: 1. Reduction of share capital, any capital redemption reserve fund or any securities premium account. 2. Authorising board of directors to borrow money which may exceed the aggregate of paid up capital and free reserves but not exceeding Rs 5000 million.

Shiv-Vani Universal outcome of postal ballot

Shiv-Vani Universal Ltd has informed BSE that in its proceedings of the company held on December 23, 2002 relating to declaration of postal ballot the consent of the members of the company be and hereby accorded to the board of directors of the company to give any guarantee or provide any security in connection with the loans made by any other person to or to any other person by any body corporate or to make investment, from time to time, up to Rs 750 million in the aggregate including the guarantees given or securities provided (exceeding 60% of the aggregate of the paid up share capital of the company and its free reserves or 100% of its free reserves, whichever is more) and on such terms & conditions as the board of directors may deem fit.

Shareholders of Megasoft approve delisting of equity shares from ASE and/or HSE

Megasoft Ltd has informed BSE that the following business done in its AGM held on December 20, 2002: 1) Extension of Employees' Stock Purchase Plan 1999 to employees' of subsidiary companies of the company. 2) De-listing of the company's equity shares from the stock exchanges at Ahmedabad and/or Hyderabad. 3) Increase in the limits on participation by FIIs in the equity share capital of the company.

Interlink Financial Services members approve issue of shares on preferential basis

Interlink Financial Services Ltd has informed BSE that in its EGM held on January 6, 2003 the consent of the company be and is hereby accorded to the Board to issue of 13,00,000 Equity shares of Rs 10 each at a premium of Re 1 per share aggregating Rs 1,43,00,000 to individual firm, HUF, Association of Person, bodies corporate whether or not same under the same management & whether or not they are member of the company on preferential allotment basis to the extent and in one or more trenches and in manner as may be decided by the Board in this behalf.

Govind Rubber finalises sale of its Auto Tyre Mfg Plant at Rajasthan

Govind Rubber Ltd has informed BSE that it has finalised the sale of Bhiwadi (Rajasthan) Auto Tyre Mfg. Plant with an installed capacity of 5400 tons per annum to M/s Balkrishna Industries Ltd for a consideration of Rs 169.60 million subject to approval from Banks, Financial Institutions and other Statutory Authorities as applicable. The necessary approval of shareholders for the same has been obtained by the company by passing the resolution through Postal Ballot on October 10, 2002.

Gammon India to seek shareholders approval for investment in Gammon & Billimoria

Gammon India Ltd has informed BSE that it has circulated Notice to members of the company seeking their approval for passing Special Resolution for according the consent of the company to the Board of Directors of the company to make/give from time to time any loans/advances/deposits/investments in shares, debentures and /or other securities in one or more tranches, and whether in one financial year or more, on such terms and conditions as the Board may deem fit, of a sum not exceeding Rs 300 million in M/s Gammon & Billimoria Ltd, towards its project capital cost, working capital requirements and other business requirements and to give on behalf of the Company any guarantee and /or provide any security including by way of pledge of shares or other securities held by the company in any other body corporate in connection with any loan or loans made by any other person to or any other person by, anybody corporate from time to time, the monetary limits of which in the aggregate may be in excess of the limits prescribe u/s 372A of the Companies Act, 1956. The scrutinizer will submit his report the results of the Postal Ballot on February 24, 2003.

Fortune Informatics integrates its Document Management solutions with PSI's Banking & Finance Solutions

Fortune Informatics Ltd has successfully integrated its Document Management Solution with the entire suite of banking software solutions of PSI Data Systems Ltd. PSI offers software solutions & services to the Banking & Financial Services industry worldwide, and has been assessed at SEI CMM level 4 and is also ISO 9001: 2000 certified. C K Shastri, MD Fortune Informatics states, " This tie up is a vindication of our capabilities as a technology provider and a business partner.

Indian Oil Corp clarifies on IBP news item

With reference to the news item appearing in a leading financial daily titled "Indian Oil keen to buy 26% Govt. Stake in IBP" Indian Oil Corporation Ltd has informed BSE that in line with the Shareholders' and Share Purchase Agreements executed with the Govt. of India, Government is entitled for Put Option after the expiry of one year period from the designated date and Indian Oil may acquire the same. The one-year period is coming to an end on February 19, 2003. The company has further informed that however, the option is with the Govt. of India & therefore the company has no comments to offer.